Archive for August, 2009

Buying Car Insurance Online: The Steps!

Monday, August 31st, 2009

Car insuranceI know that the internet is something that many, many people cherish – hell, I am one of them.  I absolutely love the internet and I think that it is something of a necessity now, especially when you are looking for car insurance.  In the next couple blogs, we are going to explore some of the major reasons why the internet is a fantastic choice for buying car insurance – seriously, it rocks!

One of the first reasons is because you can honestly compare and contrast all sorts of different car insurance rates against other companies.  All of this can be done within just a few minutes, which to me is absolutely amazing!  You can surf through and check on five different companies in the span of just a few minutes … really blows my mind!

Another great reason that I think the internet is perfect for car insurance is the fact that you can buy a policy right online – which is great!  More to come in the next blog!

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Understanding Pay As You Drive Car Insurance

Wednesday, August 12th, 2009

pay-as-you-goA lot of drivers may have heard of this new concept called Pay As You Drive car insurance, an option that a number of car insurance companies are currently offering. Basically, this option will let drivers pay sliding rates ,which are based on several things, such as how much they actually drive their vehicles. So, if you only drive your car when you are going on errands and average, say, fifteen miles each week, you will not have to pay nearly as much as a commuter who drives an average of sixty miles a day.

In order to come up with the rates for Pay As You Drive insurance, the company will look at your odometer and track the number of miles you drive during a specific period. They will thus be able to estimate the amount you drive a week, and then base your premium around how many miles you drive.

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What Will Bankruptcy Do to Your Car Insurance Rates?

Monday, August 10th, 2009

bankruptcyBankruptcy is, for some of us, a fact of life — an unpleasant one, but it happens nonetheless. It can happen to literally anyone, and there is no shame in that. Filing for bankruptcy can be very difficult and trying, and there are any number of things to think about, but the one thing which too few people consider is how it will affect what they pay for car insurance.

Does filing for bankruptcy affect your car insurance at all? In short, the answer is a resounding “yes.” Typically, you will have to pay higher car insurance premiums. However, the amount itself will depend on several factors, such as your individual situation and your insurance company.

So, your premiums will not necessarily shoot up if you presently have affordable car insurance and have to file for bankruptcy. In fact, it is likely that your insurance company will not even know about it, unless you ask to review your policy or purchase a new vehicle.

However, if you are looking for quotes, bankruptcy will affect the premiums you are quoted, because it shows up on your credit report.

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Driving Smart & Save Can Save More than You Think

Wednesday, August 5th, 2009

safe-drivingNaturally driving safe and responsibly, and making sure you behave correctly on the road will keep you, your passengers, and other drivers safe. However, driving responsibly and behaving the right way can also help you save, period. It can help you save money, in other words.

You see, the way you behave on the road — and even off the road — can affect your car insurance rates. Whether the effects are positive or negative are entirely up to you. Off the road, you need to make sure you pay all of your bills when they are do. This is because your credit score can have an enormous impact on the rates you have to pay.

Driving defensively is important as well. You need to avoid any and all distractions, especially things like sending or receiving text messages and even talking on your cell phone.

Speeding tickets may not cause your rates to go up, but if you are in an accident, they can go up by as much as forty percent.

It goes without saying that you should never drink and drive. You should not lend your car to anyone either. Your rates can spike if someone else wrecks your vehicle.

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One More Reason to Drive a Honda

Tuesday, August 4th, 2009

honda_logoSay what you will about Honda — you may like your cars, you may not. The fact remains, however, that Hondas are very affordable cars — and now Honda Insurance just announced something that can save drivers even more money. Specifically, the company is offering a brand new low cost policy which is tailored to import statistical information on a customer’s specific vehicle.

The premise is that it makes a whole lot of sense to be insured by the maker of your car. This is because the manufacturer knows pretty much everything there is to know about all the car parts and things of that nature.

That can really come in handy, especially if you are in an accident which severely damages your car. The people insuring you know those parts; they make them, after all. And in a day and age where car insurance seems to be costing more and more, this kind of coverage can offer you a peace of mind which is absolutely priceless.

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Lowering Your Car Insurance Premium When You Are A Teenager!

Saturday, August 1st, 2009

ar12309149488458As we talked about in the last blog, finding car insurance when you are a new and young driver is hard – however there are a few things that you can do in order to save your pennies.  To be honest, car insurance premiums for teenagers are generally 50% higher than those who are in their twenties and face it … when you are a teenager, you really need to save every penny that you can get and that is hard to do when you car insurance premiums are out of this world!

One thing that you can do is make sure that you get on your parent’s premium – that will definitely help you lower your own premium and you will be a lower risk.  Another thing you can do to save some cash is to get good grades.  A lot of car insurance companies nowadays are giving away discounts for teenagers that have really good grades, so keep up those grades!

Finally – the make and model of your car is going to have a lot do to with your car insurance premium and how much it is … so stay away from the sports cars and you should be fine!

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