Posts Tagged: insurance rates

Finance — No Comments
17
Dec 09

Get Cheap Auto Insurance For Your Teen Son

Author: Sher Matsenbr
Source: articleage.combr
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Your son has just obtained his license and with that a new found sense of freedom. Now you ask how to get cheap auto insurance for my son ? Car insurances can vary dramatically in price so read on to learn how to buy car insurance that is affordable for your teen drivers.
Because teens lack driving experience insurers consider them a high risk to insure and thus the premiums assigned are much higher than an adults insurance rates would be. There are a few things you can do to help reduce the rates you pay for your teen drivers.
First you need to stress to them how important it is for them to keep a clean driving record. That means driving safely – no speeding tickets, no traffic violations, and no accidents. Over a period of time there safe driving will be rewarded with lower premiums.
You can also reduce their rates by purchasing insurance with a higher deductible. The higher the deductible is the lower the premium is.
If you are going to be purchasing a vehicle for your teen choose a vehicle that is built well with extra safety features, and do not choose a vehicle that falls into a sports class or higher risk rating class. Be sure to check the class the vehicle falls into.
The graduated licensing laws have come into effect in most states in the USA and some provinces in Canada. The rules will vary from one location to another but the basic underlying philosophy is to restrict new drivers by limiting what their license will allow them to do.
They may be issued a full auto license such as a class 5 but there is usually a letter designation behind it to indicate they are a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and a 0 alcohol tolerance restriction to name just a few. They will also be required to take an additional test after a specific period of time to remove them from the new driver programmer.
But youre still wondering where to get cheap auto insurance for my son? Teenage drivers can dramatically reduce the cost of insurance by purchasing a stand alone policy from an agency that specializes in providing teen insurance. A stand alone policy means they are not added as an additional driver on your insurance but rather carry their own insurance.
These insurance companies reduce their risk for insuring teens by placing certain concessions on the driving habits of them. They may require driving school, no driving after dark, or various other restrictions which allow them to keep the premiums lower for teen drivers.
The statistics for teen drivers arent good. A 16 year old driver is 10 times more likely to get into an accident than an adult between the ages of 30 and 59, so you can see why insurance companies are hesitant to provide good rates.
The best thing you can do for your teenager and his or her insurance rates is to teach responsibility and make them accountable. Make them earn your trust for the use of the car, and make them accountable to pay at least a portion of their insurance premiums. They can do this by working a part time job which also breeds maturity, so its a win-win all the way.
You and your teenager are thrilled with the new found freedom for both of you. So now you need to do your homework and research teen insurance rates so you can get them on the road. What are you waiting for?
Sher Matsen has been serving customers for over 20 years as a freelance writer and has been offering information and advice to the consumer. To find out how to save on your auto insurance Please visit us at The Auto Centerbr
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Insurance — No Comments
10
Dec 09

Discover How You Can Save Money on Auto Insurance

Author: Danny Carlsonbr
Source: ezinearticles.combr
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Mostly people pay great amounts of money on car insurance and if you are one of these people, there is a good chance that you could get better rates from another insurer. The internet has provided great opportunity for you to check out all the quotes of insurance companies in your area. Since there is such great competition between the auto insurers, it is easy to find lower insurance rates. You can compare the premiums and analyze coverage.

There are five ways you can save money on the car insurance:

Ensure that you are getting all the discounts you are eligible for
Have a clean driving record
Adjust the coverage for assuming more risk
Do not drive a high profile car instead take a less attractive car with safety features
Look around for less expensive insurance companies

There are many types of discounts and it is your job to determine which ones you might be eligible for. Two of these discounts are:

Low-risk occupations

Insurance companies usually collect information about their clients and determine which type of people usually get into accidents. For instance, engineers are known to get into fewer accidents due to the nature of their job. This is the reason the insurance companies classify them as low risk. Similarly, there are discounted rates for several other occupations so you should find out whether you qualify for them or not.

Professional Organizations and auto clubs

Let us say you pay $120 for a hotel room but afterwards you find that you were eligible for a discount that could have gotten you a room for $85. This is similar to the discounted insurance rates. If you are affiliated with certain professional organizations, you might be qualifying for lower rates.

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Finance — No Comments
26
Oct 09

Teens and Auto Insurance: How to Get the Best Deal

Author: Megan Mahan
Source: articleage.com

Your teen’s growing up fast?and now they want the car keys. And while this milestone may have you aching for latter days, it will almost certainly have you clutching your wallet.
That’s because the vast majority of insurers consider drivers under 25 to have a higher incident of serious car accidents. And the increased risk associated with teen drivers can inflate your insurance rates by 50 to 100 percent, according to the Insurance Information Institute (I.I.I.).
Securing an Affordable Insurance Premium
Fortunately, by working together, you and your teen can minimize insurance costs, largely through insurance discounts.
You and your teen can help secure affordable auto rates and:
Keep a clean driving record. Your teen’s accidents and traffic violations can increase insurance rates more than you might think. A more serious offense like an OWI charge can boost premiums from a few hundred dollars a year to a few thousand?and will stay that way for three to five years.
Get involved. Insurers reward teens who get involved in the community. If your teen volunteers or belongs to a civic group like the Girl Scouts of America, let your insurer know!
Maintain good grades. Most insurers reward student drivers who maintain at least a B-average with lower auto insurance rates?giving your teen yet another incentive to do well in school.
Drive a safe car. If you can get your teen in a safe car, you’ll likely be compensated with a lower auto insurance rate. “Safe” vehicles include newer, mid-sized cars with multiple airbags. In addition, the I.I.I. recommends steering clear of cars that encourage reckless driving, such as sports cars and SUV’s.
All of these factors lower your teen’s risk of accident and serious injury in the eyes of your insurer, thereby lowering your teen’s auto insurance rates and saving you money!
Additional Tips
One of the most common myths about insuring teen drivers is that it’s cheaper to put a teen on their own policy. According to the I.I.I., it’s generally cheaper to add a teen driver to your existing policy than it is to purchase a separate policy. If your teen has a car of their own, insure it with your company to get a multi-car policy discount. But, as with all insurance types, shopping around before insuring your teen will help you find the best price for the coverage you need.
The I.I.I. also recommends that guardians talk to their teen about defensive driving. Accidents occur each year from teen’s using their cell phone, listening to music or chatting with friends while in the driver’s seat. Reminding them that driving is a privilege and discussing consequences of reckless driving will help reinforce good driving habits.
Not sure your teen will heed your advice? Fashion a driving contract stating their commitment to being safe on the road and their punishment for irresponsible driving. And while difficult, many parents are learning the value of incorporating a “drunk driving” clause to driving contracts?directing their teen driver to call home for a ride if they’re unable to drive their car.
Get Your Responsible Teen on the Road!
When it comes to teen driving, open communication about responsibilities, habits and consequences will help your teen make good decisions behind the wheel, keep them safe?and help you maintain affordable car insurance!
About InsureMe
Megan L. Mahan is a copywriter and insurance information expert with InsureMe in Englewood, Colorado. InsureMe links agents nationwide with consumers shopping for insurance. Specializing in health, home, life, long-term care and auto insurance quotes, the InsureMe network provides thousands of agents with insurance leads every year. For more information, visit InsureMe.com.

Finance — No Comments
25
Oct 09

Top 5 Ways to Save Money on Your Auto Insurance

Author: Kelly Jensen
Source: articleage.com

Auto insurance is one of those must-haves in life. In most states, it is required by law that you carry at least the minimum coverage. There’s no way around this, so you might as well take advantage of the money-saving tips below to make the most of your insurance experience.
Tip Number One: Consider Your Vehicle’s Value
Let’s face it, automobiles depreciate (or lose value) very quickly. When you drive your vehicle from the car lot brand new, the “new” value goes down suddenly to a “used” value. No matter how well you take care of your car, the value will decrease tremendously over a short period of time.
If you’ve paid off all debts owed on your vehicle, find out from your previous lender the estimated book value. If this amount equals the same or less than what your collision insurance premium is going to cost you, then there’s no reason to carry collision coverage. You would basically be paying the total value of your car each year, whether you have an accidentor not. You can save tremendously on your auto insurance premium by leaving off the collision if this is the case with your vehicle.
Tip Number Two: Avoid Traffic Tickets
Speeding tickets or moving violations are the number one causes of high insurance rates. When you drive at high speeds or disregard traffic rules, you are considered an “at-risk” driver, and your insurance rates are raised for several years as a result. Driving safely and following the rules of the road will keep your insurance rates at a low and enjoyable amount.
Tip Number Three: Know Your Coverages
There are some coverages that may not be necessary, depending on where you live or the type of vehicle you own. For example, if you live in a large city where auto theft is common, then theft insurance coverage might be wise. However, if you live forty miles from the nearest town on a high mountain where theft is very rare, then there’s no need to pay the additional premium for this type of coverage.
There are many coverages which are optional, but still helpful. You’ll need to carefully examine each coverage to decide if it’s needful or not. If your insurance company offers you “full coverage”, find out exactly what’s included. It might be cheaper to pay for only a few of the options separately if you don’t need all of the included coverage. This will depend on your needs, car value, etc.
Tip Number Four: Auto Insurance Deductibles
Although high deductibles often get a negative response from consumers, they can actually work to your advantage and save you tons of premium money each year. The concept behind a deductible is to place more of the responsibility on the driver and less on the insurance company. In turn, your premium can be substantially less each year.
A $1,000 deductible amount seems extremely high, but if it saves you $200 per year on your insurance premium, it’s well worth it! Keep in mind that the deductible will be due only if you do have an accident where insurance is needed. Otherwise, you get to enjoy the lower premiums year after year.
If you select a policy with a high deductible, you might want to put some of your premium savings into an emergency fund, so you’ll have some or most of your deductible if an accident does occur.
Tip Number Five: Insurance Comparisons
Another way to save money is to make comparisons before signing on for insurance. You’ll not only want to compare policy options, but also insurance companies and pricing.
Note of Warning: Be careful not to sign up too quickly if a very low price is being offered. Get some references if possible, or ask around to find out if someone else has had experience with the company. Some companies who boast low prices offer the worst customer service, and take a very long time to process claims, so use caution at all times.
Utilizing online resources is a great way to compare California insurance companies. You might also find discount offers online which provide additional savings.
When choosing an insurance company and selecting your coverage, use these simple tips to save money on the premium while also getting a great plan to meet your needs.
Written by Kelly Jensen for CompetitiveAutoInsurance.com, where you can find information on cheap car insurance, and auto insurance quotes. The following article will also show you how to save on car insurance.

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