Posts Tagged ‘new auto insurance’

How To Switch Auto Insurance

Monday, July 2nd, 2012

Shopping online is an easy way to find better auto insurance rates. They say “making the switch” is quick and easy… but is it, really? Simply walking away from an old provider could turn into a mess if you don’t follow all the proper steps to say “Hasta Lavista, Baby.”

1) Have A New Policy In Place.

Ideally, you should begin shopping around for a new auto insurance policy about a month before your current policy is set to expire. Before notifying your insurance provider you’ve moved onto someone new, you’ll want to be absolutely sure your premium has been paid and your application has been approved. The last thing you want is to be caught without insurance!

2) You’ve Set A Date.

When you’re starting up with a new auto insurance provider, it’s important that you talk about when the policy will begin. Overlapping insurance is bad, but it’s even worse to be driving around for a day with no insurance. Get a firm date set.

3) Say Goodbye.

It’s never pleasant, but you’ll need to notify your auto insurance provider that you wish to cancel your policy. You may do this on the phone or in writing. The worst thing you can do is to avoid this task altogether. Burying your head in the sand will lead to collectors banging down your door for nonpayment and a blemish on your credit report. Even if the new provider offers to take this step for you, it’s always best to ensure you are all set.

4) Sign The Documents.

Some auto insurance providers need you to sign official documentation stating that you wish to cancel the policy. Be sure to comply with their protocol and save yourself the hassle of having someone call and mail you constantly to get closure.

5) Don’t Forget About Your Refund.

Some customers are so excited about the new deal they just scored, they forget to see if they have any unused premium coming their way. Ask and you shall receive. Remain mum and you may get a check in the mail… or you may not!

6) Address Any Outstanding Issues.

Usually a new carrier will alert the DMV about your new auto insurance policy, but this is not always the case. Be sure to find out what your responsibilities are. If there is a lien on your vehicle or you are still making payments, be sure to inform the lienholder about the change.

How To Switch Auto Insurance 1

Getting Low Auto Insurance Rate For A New Car

Thursday, June 21st, 2012

Most people understand that buying a new car will be a big investment, since they will be saddled with a new car payment bill each month. But did you know that your auto insurance bill will likely go up considerably as well? You would think that a new car would be cheaper to insure, since it comes with more safety features — but it is also more expensive to replace should it get hit or stolen. Here are a few tips for finding reasonable auto insurance rates on your new ride.

Safety Features

No matter which vehicle you decide upon, look for car features like…

  • Side & Head Air Bags
  • Passive Restraint Seat Belts
  • A Security System
  • Anti-Theft Etching
  • Anti-Lock Brakes
  • Traction Control

Safety Ratings

Also, be sure to check out the Insurance Institute for Highway Safety’s annual crash test scores. Their list of Top Safety Picks For 2012 includes vehicles like: the Fiat 500, Toyota Yaris, Chevy Cruze, Honda Civic, Toyota Prius, Scion, Audi A3, Chevy Malibu, Ford Fusion, Volvo S60, Buick LaCrosse, Mitsubishi Outlander, Chevy Equinox, Dodge Durango, Chrysler Town & Country, and Ford F-150. Better scores mean better auto insurance rates.

Cheap Repairs

You will also want to look for a car that is inexpensive to repair. The cars you see the most of on the street tend to be the ones that are have the highest number of parts available — Cobalts, Corollas, Cruzes, Focuses, F-150s, Malibus, Tauruses, Impalas, Camrys, Ultimas, etc. Check out Automobile.com’s list of Cheapest Cars To Repair

While you’re considering which new vehicle to buy, why not peruse a couple quotes to compare how much you would pay for your top 2-3 choices? You can do it right here — FREE!

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Comparing New Car Insurance with Used Car Insurance

Tuesday, June 1st, 2010

If you are considering the purchase of a motor vehicle, it may be advisable to factor in all of the combined costs of actually getting a vehicle on the road. If you are on a restricted budget, the chances are that you’ll only be looking to buy a used vehicle. However, this can have advantages when it comes to the cost of your car insurance.

Understandably, most new vehicles will carry a higher market value than a used equivalent unless the latter is a sought-after high performance vehicle or expensive sports model. In turn, the cost of car insurance for a used vehicle will usually be much cheaper than coverage for new models. Insuring a used vehicle for accident damage will accrue a lower premium for an older car and if you are considering anti-theft policies, these will also be noticeably lower in price. Costs can also be driven down by factoring in a higher deductible figure. You will still be required to carry the legal minimum level of coverage for your state.

On occasion, some new car insurance policies can actually be reduced because of a number of other factors. Many new vehicles carry a host of extra features that make them less susceptible to damage or theft. Items such as fitted seat belts, anti-theft devices and immobilizers are now fitted as standard on most showroom vehicles. When insurance companies are underwriting a policy application, the vehicle will fall into a lower rating category and this will have a direct influence on the final premium.