Todays post will be about auto insurance
The major difference between auto insurance risk and the life insurance is that, while you can only die once, you can have many auto accident claims. And the details can be far more varied, with losses for things like liability, medical payments and physical damage.
If you are involved in an auto accident or stopped by a police officer and found to be driving without car insurance or proof of financial responsibility, you will be subject to penalties specific to the laws of your state. For violation of the financial responsibility law, those penalties could include a fine or loss of driving privileges. If you are uninsured and in an accident that involves property damage or injuries to people, you will be required to pay out of-pocket for any damages assessed by a court.
well what is auto insurance?
Auto insurance is a contract with an insurance company that can protect you against severe financial loss if you are ever in an auto accident. Varying types of coverage act as a ?bumper? against various accident-related expenses, like liability, medical costs, damage to vehicles, and property damage.
Yes. After many years of rate increases, the cost of car insurance fell slightly in US, by 0.3%, in 1998, and another reduction is expected for 1999. The total reduction was estimated to be 2 or 3% after dividends on policies issued by mutual companies are considered -- like market leader State Farm. California, with 10% of the drivers, had a 5.7% reduction in cost last year. This decline came after reductions in each of the three previous years. High premium states like New York, Florida and Massachusetts are also seeing declines. Even New Jersey -- the state with the highest insurance costs -- is expected to get a 15% cut in 1999 because of a state mandate.
Factors that have contributed to the fall include:
1. The aging of the population
2. Safer cars (automatic seat belts and air bags)
3. Falling crime rates
4. Tougher drunk driving laws
5. Increased competition
Tougher competition is coming partly from companies that sell direct via telephone, direct-mail, and the Internet. They are contributing to the trend and gaining market share by offering lower costs. Companies that sell through agents still have 90% of the market but the direct sellers are growing faster.
There are many sites on the internet today that offer affordable car insurance free online quotes. All you have to do is a quick internet search, and literally millions of results will come up.
However, with all this competition today, it is becoming increasingly difficult to find the right company for you. Here are some tips to help you find the best firm for your affordable car insurance now.
First of all, you need to remember that some car insurance firms will give out discounts for various criteria. Each company has something a little different they look for, but here are the most prevalent: good driving records, your age, model of and amount of autos you currently have insured.
Depending on your own situation, you may be able to obtain a sizeable discount if you answer favorably to any of these questions. Also, you can often times get a cheaper rate for insuring your car with the same firm you have your home insurance policy with.
Of course, the bottom line price will come into play as well. Some companies are so much more expensive than others that, even with some discounts, you will still be paying more than you would be with another firm.
The most effective way to find an affordable car insurance policy is to shop around; simply, don’t wait until the day you want to start driving your new auto to look for insurance. This is a sure recipe for failure, as you will likely have to take the quickest insurance policy you can find, even if it isn’t the best one for you.
When you do shop around, always check on the internet at first for affordable car insurance free online quotes. Online, you can instantly obtain literally hundreds of insurance quotes at the click of a button, and it saves you a lot of time, versus having to pick up the phone and call each one individually.
Once you’ve found a good company, do a quick internet search and see what comes up about them. If you see a lot of complaints, then it’s best to find another firm. If, however, many people are saying positive things about them, then that’s certainly a good sign. Follow these tips, and you can find the best affordable car insurance with these free online quotes.
Auto insurance Glossary
For more auto insurance terms and tips, check out http://www.mycar-insurance-tips.com/ Whether you want a classic car insurance company or regular, you will find answers here.
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Todays post will be about auto insurance