Posts Tagged ‘insurance for your car’

New Auto Insurance Study Reveals Buyer Preferences

Tuesday, July 3rd, 2012

The Insurance Buyer Insight Study found that price is the #1 concern for buyers of auto insurance, with 65.8 percent of the 878 people polled saying that price was the main factor driving their decision-making. The Consumer Price Index found that auto insurance costs have increased 33.3 percent from 2002 to 2011.

How Much Have Auto Insurance Costs Gone Up?

Last year alone, insurance costs rose 3.6 percent, driving consumers to hit the internet in search of better deals. This rate was faster than medical costs (3 percent) and housing (1.3 percent), and almost on par with escalating food prices (up 3.7 percent). Worse yet, the average auto insurance buyer can end up with a raw deal if he or she does not shop around. The study looked at auto insurance quotes from 17 different carriers over a three-year period and found that the average difference between the lowest and the highest auto quotes is $1,437!

What Else Do People Want In Auto Insurance?

Prices aside, the study also revealed that consumers care about…

  • Finding trustworthy information about a provider,
  • Having confidence they are getting the coverage they need,
  • Being able to design a suitable insurance package, and
  • Accessing great customer service.

Where Can I Get Help Buying Auto Insurance?

Unlike most other shopping choices, consumers said that recommendations from family and friends DID NOT influence their purchase decisions. They also said that “knowing the company from advertisements” did not sway them one way or the other. Instead, it seemed most buyers were using the Internet to arrive at an unbiased solution.

  • 70.4 percent said they would like to use a site that compares quotes and offers reviews before buying coverage.
  • 26 percent said they used an insurance agent or perused auto insurance provider websites before buying last.

For your convenience, we offer free online auto insurance quotes right here, right now.

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Auto Insurance Tips: Mechanical Breakdown Coverage

Tuesday, June 26th, 2012

Failing to plan for mechanical breakdowns is one of the quickest ways to find yourself in dire financial straits. While most of us purchase auto insurance to protect ourselves from a calamity, you will still want to consider mechanical breakdown insurance through your car insurer, dealer, bank or credit union. A standard auto insurance policy does not cover wear-and-tear maintenance should you need new major repair work.

What Does Mechanical Breakdown Insurance Cover?

You will need to save money on the side to cover wear-and-tear repairs like:

  • Transmission
  • Brakes & Rotors
  • Engine Parts (Oil Pump, Pistons, Timing Gears, Flywheel, Valves)
  • Drive Axles & Joints
  • Electrical Components
  • Cooling / Air Conditioning
  • Fuel System
  • Steering

If your vehicle should need towing or if you needed a rental car in the meantime, you will be glad to know this type of auto insurance would have you covered. You often will see roadside assistance and lock-out service added on as well.

How Much Does Mechanical Breakdown Auto Insurance Cost?

Unlike traditional auto insurance, your rate does not fluctuate if you make a claim. Instead, service contracts are based on the type of vehicle you own, the length of coverage, the number of miles driven, and the level of protection you desire.

Levels of Insurance

For instance, Mercury offers four levels of insurance all the way up to Platinum, which covers things like brakes, tires, shocks and windshield wiper blades. Like regular auto insurance, choosing a higher deductible (if possible) will lower your cost. It is important to know that this insurance is fully transferable should you decide to sell your car. If you do not want to transfer the policy, you will get a check back for the prorated amount of unused insurance.

auto insurance breakdown

Does your auto insurance policy cover normal wear and tear? You might want to consider adding this on. Until then, why not shop for a better auto insurance quote?

Auto Insurance Claims Adjuster Advice

Monday, June 25th, 2012

You may feel as though the auto insurance claims adjuster has arrived on the scene to act as your own personal lawyer. “Here is someone who has my best interests at heart because I’m the client,” you may think. It’s not that a claims adjuster is a crook, but keep in mind that this person’s job is to settle the case as quickly and affordably as possible. It’s up to you to ensure you get a fair deal.

Rule #1: Say As Little As Possible.

Talking too much is the biggest mistake people make. Drivers who’ve just been involved in an accident are often blabbing emotionally — which may not be the best recourse. Claims adjusters love to hear admissions of guilt and apologies, details that contradict what bystanders say, complaints about whiplash or what a “piece of junk” your car is, or background information about what a horrible day you’ve been having. Anything you say can and will be used against you!

Rule #2: When In Doubt, Hire Counsel.

You don’t have to answer questions that seem loaded. For instance, an auto insurance adjuster might ask:

  • How could you have avoided the accident?
  • How much do you think you are responsible?
  • Do you think the weather affected you?
  • Did you have any previous injuries or pain before the wreck?

Ask that all questions be directed through your legal representative first.

Rule #3: Take Your Time.

If you settle too fast, you may be forfeiting some of your consumer protections. An auto insurance claims adjuster might offer you a $1,000 check on-the-spot to fix your vehicle, plus another $500 for the inconvenience. But what if you have a soft tissue injury that hits you three days later like a ton of bricks? Once you take the money and settle, you are no longer entitled to compensation. Keep in mind you may be entitled to rental car reimbursement, which could buy you more time.

Auto Insurance Claims Adjuster Advice 1

Get a fair shake by surfing auto insurance quotes today.

Theft Drives Up Auto Insurance Rates in Washington State

Friday, June 15th, 2012

Washington state is a hotbed for auto thefts, according to National Insurance Crime Bureau statistics. Even though there has been a 1.6 percent decline in auto thefts since last year, Spokane is still fourth-highest in the nation for auto theft rates again. Yakima jumped five places from the 10th spot to the 5th. The Seattle-Tacoma-Bellevue area is responsible for 54 percent of all stolen vehicles in the nation — up 18 percent since 2009. This is bad news for Washington consumers    who are looking for affordable auto insurance rates.

How Many Vehicles Are Stolen In Washington?

Last year, 28,833 vehicles were reported as stolen. That’s 79 vehicles stolen every day or more than 3 per hour! NW Insurance Council President Karl Newman says, “American consumers continue to pay billions of dollars each year for auto theft.” He explains that the cost of replacing stolen vehicles and repair the recovered vehicles gets reflected in our auto insurance rates. It costs Washington auto insurance providers more than $170 million per year, in fact, with most reimbursements costing around $6,500.

How Can Consumers Protect Themselves?

When buying a new vehicle, consumers should elect for anti-theft technology. The NICB recommends four layers of protection:

1. Common Sense – Which means removing keys from the ignition, locking your doors, closing your windows and keeping valuables out-of-sight.

2. Warning Device – Which means choosing a steering column collar, audible alarm, brake lock, VIN etching, or decaling.

3.  Immobilization Device – Which means smart keys, fuse cut-offs, kill switches or wireless ignition authentication.

4. Tracking Device – Which means enabling the vehicle to be tracked via monitoring station.

Sick of Overpaying on your Auto Insurance?

You may be able to save thousands off your current auto insurance rate by switching providers. It is a very competitive market out there. It will only take you a few moments to enter your information into the search engine to get the best possible deal.

WA auto insurance

Protect yourself by adding anti-theft protection to your vehicle and shopping for the best auto insurance rates!

5 Reasons To Shop Around For Auto Insurance

Thursday, June 14th, 2012

Everyone is looking to save money these days. Taking just a few moments can save you hundreds — if not thousands — on your auto insurance policy. Here are five situations where shopping around for the best rates online is wise.

You Just Got Married.

In all your excitement about the Big Day and your Honeymoon, you may have forgotten that marriage opens up an opportunity to potentially save money on your auto insurance policy. Most companies offer multiple car discounts. If you get your homeowner’s insurance or life insurance through the same company, you will be eligible for a multiple line discount as well.

You Just Moved.

If you are moving to the suburbs or a more favorable part of town, you can save money on your auto insurance rate. National studies in big cities find that the discrepancies can vary by the hundreds of dollars!

You Just Retired.

Statistically speaking, retirees drive far less than their commuting peers. You may be eligible for special discounts if you are 55 and older or recently retired. Furthermore, your decades of driving experience and years of clean records can stack up in your favor too.

You Got A New Job.

Engineers, scientists, mathematicians, educators and military members statistically get in fewer accidents and are rewarded with lower rates at some auto insurance companies.

You Got A New Car.

New cars can sometimes increase your rate if you were driving your old junker around with collision insurance. However, increased safety features and the willingness to pay a higher deductible can offset those increases and actually end up saving you money.

5 Reasons To Shop Around For Auto Insurance 2

Retire recently? You could be saving on your auto insurance rate!


Auto Policy 101: What Is A Deductible?

Wednesday, April 11th, 2012

An auto insurance deductible is the amount of money you’re responsible for paying before your insurance covers the rest of the damages incurred in a claim. This amount may range from $100 to $1,500, depending on the state and insurance provider. So, for example: if you have a $250 deductible and you are in an accident that caused $2,500 in damages, you will pay $250 and your auto insurance company will pay $2,250.

Insurance Deductible Explained

So why would anyone choose to pay $1,000… if they could get away with paying only $100 instead? One way you can lower the total cost of your annual auto insurance coverage is by choosing a higher deductible. Since you will cost the insurance company less should an accident occur, they are willing to offer you a lower rate in return. Basically, you need to calculate the risks associated with owning and operating a vehicle.

  • What is the likelihood your car will be vandalized?
  • What is the likelihood someone will steal your belongings from your car?
  • What is the likelihood you’ll be involved in an accident?
  • What is the likelihood a natural disaster will cause damage to your car?
  • What is the likelihood you’ll hit a deer or another type of animal?

You want to make sure you are able to save enough money in reserve to cover whichever auto deductible you choose.

Other Factors For Auto Insurance Deductibles

In some cases, you won’t have as much freedom to choose your own deductible. For example, your car insurance company may require you to pay a higher deductible if you are considered a “high risk driver.” If you have had several incidents over the past three years — including traffic accidents, DUI, speeding violations, or reckless driving offenses, then you can bet you’ll be charged a higher deductible on your auto policy.

When To Pay A Deductible

Most auto insurance companies only ask you to pay a deductible in the event of an accident or claim. So you will not need to pay this money  up front when you buy your new auto policy. If you want to buy a particularly comprehensive policy or additional collision coverage, you may need to pay along with your annual premium, although this is rare.

auto insurance

Competition Drives Down Price Of California Auto Insurance

Tuesday, April 10th, 2012

Competition is good for consumers of California auto insurance. The National Association of Insurance Commissioners reported that the cost of auto insurance has gone down every year from 2005-2009, due to increased competition from various providers. According to their research, the ratio of car insurance cost to family income dipped from 1.25 to 1.05 percent, which is an encouraging sign.

How To Get Low Cost Auto Insurance In California

  • Find a company that lets you pay per mile.
  • Opt for lower medical care coverage.
  • Drive in a state that has cheaper auto repair costs and instances of insurance fraud.
  • Have an impeccable driving record.
  • Improve your credit score.
  • Drive a type of car that is highly rated for safety and low-rated for theft.
  • Drive fewer miles.
  • Do not let your insurance lapse.
  • Avoid getting ticketed or causing accidents.

Other Factors That Matter

California auto insurance companies also give people lower rates if they are females over the age of 25. Retirees in their fifties or sixties often see their rates drop slightly as well. Insurance providers are constantly trying to limit the risk in their investment pools by charging riskier drivers more money (or dropping them altogether) and by signing up more paying customers who won’t need their policies for claims at all. With auto body repair and medical costs skyrocketing, it’s incredible that the free market has blessed us with lower auto insurance prices.

Need a Quote on California Auto Insurance?

Peruse our site to get a quick, free quote on auto insurance in California.

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