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Monday, September 16, 2013

3 Little-Known Auto Insurance Facts

Auto insurance facts are often misunderstood, even by people who have maintained auto insurance their entire lives. Insurance is a complicated industry; in fact, even some insurance agents do not understand all of the nuances with each policy. While it is difficult to fully understand every detail, there are a few surprising facts everyone should know about their auto insurance.
  1. Auto insurance is required in all 50 states. Even though minimum limits vary, it is illegal to drive without insurance no matter where you are in the United States. Even being under-insured can result in a ticket or worse in many states.

  2. Auto insurance is tax deductible for business use. You can determine the amount of time you use your car for solely business purposes, for example 30%, then 30% of your auto insurance may be deductible.

  3. Auto insurance may not cover theft. If you have items stolen from your vehicle, they may not be covered by either your auto insurance or your home insurance. Your home insurance typically only covers the items, for example a lap top, when it is stolen from your home. Your car insurance may not cover this as it is not listed on your car insurance policy.


Thursday, July 11, 2013

Benefits of Buying Car Insurance Online

Benefits of Buying Car Insurance Online 


When looking to purchase car insurance there are many different avenues to consider, such as the internet, the phone, or a live agent. This article will take a look at 10 different advantages to shopping online compared to the other choices listed here.
1. Easy to compare rates
The internet is invaluable in this day and age especially when it comes to car insurance. Research every company you can online in order to save hundreds on your premium. This option takes some work but the savings are well worth it.
2. Customized coverage fast
Know every little detail about your car? Purchasing car insurance online is very fast and convenient for everyone who has their car details prepared ahead of time.
3. Absolute best rate
The rate you get is entirely up to the work you put into it. When purchasing insurance in other manners than online you have to trust the company you are purchasing from that they will give you the best deal. The best deals however can be compared online with no sales pitch or bias.
4. No pressure
A major advantage to purchasing car insurance online is there is no one trying to personally sell you anything. Sometimes in person or on the phone we can fall victim to a persuasive sales men or woman; however online there is no pressure to purchase from a single company.
5. Time
A quote online takes normally under 24 hours to get replied to by a live agent. Purchasing can insurance online can be as quick or as short as you make it.
6. Get a quote before you purchase a vehicle
Auto insurance online can be very easy to check what different companies will offer for different vehicles that you are looking to purchase. In person or on the phone can be a tedious process for finding the right auto insurance coverage's and prices for your next vehicle.
7. Purchase anywhere anytime
The best part of the internet is that you can purchase the car insurance online at any time, whether that is on the Blackberry while taking the train into work, or from your home office. The convenience is entirely up to you no matter the time or place.
8. Great coverage
Purchasing car insurance online can often yield excellent coverage that will insure your vehicle with the absolute best coverage you can buy. You decide what coverage is best for you not some agent, the price and coverage is entirely in your hands.
9. No Hassle
I absolutely hate being harassed to buy something or pressured, the internet provides a great sense of security and anonymity. Purchasing insurance online gives you the power in the situation.
10. Variety
Are there three different insurance agencies in your town? The internet is filled with many different insurance agencies; some of which can only be purchased through online. All these companies want your business so the best deals can be found online instead of a small group of agencies competing for your service. The more companies competing for your service the lower your rate will be.

Tuesday, July 9, 2013

Geico Online Insurance Discount Details

Geico Online Discount Details


Vehicle Equipment
Air Bag
You could save up to 25% for driver–side air bags or 40% for full–front seat air bags. These discounts apply to the medical payments or personal injury portion of your car insurance premium.
Anti-lock Brake System
Does your car have a factory installed anti-lock braking system? Congrats! You could receive a 5% discount on the collision portion of your premium.
Anti-theft System
Cars with a built-in anti-theft system could earn you a discount of up to 25% on the comprehensive portion of your premium.
Daytime Running Lights
Vehicles equipped with Daytime Running Lights as standard equipment could earn you a 3% discount on certain car insurance coverages.
Driving History & Habits
Five-year Accident-free Good Driver
Got a squeaky clean driving record? It could translate into serious car insurance discounts. If you've been accident-free for five years, you may be able to save up to 26% on most coverages.
Seat Belt Use
Buckle up and drive down your rate. If you and your passengers always wear seat belts, you could receive a discount of up to 15% off the medical payments or personal injury protection portion of your premium.
Driver's Education
Defensive Driving Discounts
If you've completed a defensive driving course, you may be able to save even more on your premium. To find out if you qualify for this auto insurance discount, see the defensive driving information related to your state.
Driver's Education
If a young driver in your family has completed a driver's education course, you may earn a discount on most coverages.
Good Student
Sometimes it pays to be a smarty-pants. Full time students with a good academic record could be eligible for up to a 15% discount on certain coverages. (In most states, policyholders between the ages of 16 and 25, who are full-time students with a "B" average or better, are eligible for this discount.)
Driver Affiliations
Emergency Deployment
We consider it an honor to offer a special benefit to United States military policyholders. If you are deployed as a member of the Enduring Freedom or Iraqi Freedom operational forces, you could be eligible for an auto insurance discount of up to 25%. You may also qualify for a discount if you're part of an emergency deployment to other imminent-danger zones. For a pre-deployment checklist please see our military programs page.
Military
GEICO is proud to give something back to the Americans who give so much to their country. If you are on active duty, retired from the Military, or a member of the National Guard or Reserves, you may be eligible for a discount of up to 15% on your total car insurance premium.
Partnering Organization
If you belong to one of the 275+ groups affiliated with GEICO, you could receive up to an additional 8% discount on your auto insurance premium.
Federal Employee (Eagle Discount)
Your government service deserves some recognition. If you're an active or retired federal employee, you could qualify for the eagle discount of up to 8% on the total auto insurance premium. For details and eligibility, check out the eagle discount. Available in most states.
Customer Loyalty
Multi-car
Insure more than one car with GEICO and you could get a discount of up to 25% on most of your car insurance coverages.
Multi-policy / Multi-line Discount
When you insure your car through GEICO and have a Homeowners, Renters, Condo or Mobile Home policy through the GEICO Insurance Agency, you could get a discount on your car insurance.

How to Get a Car Insurance Quote Online

How to Get a Car Insurance Quote Online

With Liberty Mutual
 
Getting a car insurance quote online is simple if you do a little preparation for the questions you'll need to answer. Here are a few basics:
 
Know What's Covered
Car insurance consists of several types of covefrages for you and your vehicle. You can read more about these here: Auto Insurance Coverages
 
Choose Your Coverages
Before getting your car insurance quote online, you should review your existing auto insurance policy for current coverages and deductibles. You can also use our Auto Insurance Coverage Calculator to help assess coverages, limits and deductibles, based on your current financial situation.

Have Your Personal Information Handy
To obtain your car insurance quote online and purchase a policy, you'll need to provide information for each driver on the policy including address, driving record, and drivers license number. You will also need to provide Vehicle Identification Numbers (VINs) for the cars you want to insure, if not available automatically based on your address and DMV records.

Monday, July 8, 2013

Quick Online Car Insurance

Due to the litigious nature of our society and the rising cost of vehicles, car insurance rates are hefty throughout the nation. The bad news is that insurance isn't likely to lessen in price any time soon. The good news is that there are things that you can do to minimize increases and/or lessen the burden on your wallet. Let's take a look at 12 tips you can employ to save your driving dollars.1. Insure Multiple Cars/Drivers If you obtain a quote from an auto insurance company to insure a single vehicle, you might end up obtaining a higher quote (per vehicle) than if you inquired about insuring several drivers and/or vehicles with that company. This is because insurance companies will offer what amounts to a bulk rate because they want your business, and under some circumstances, they are willing to give you a deal if it means you'll bring in more of it.

To obtain a discount, ask your
agent/insurance company to see if you qualify and get a quote. Generally speaking, multiple drivers must live at the same residence and be related by blood or by marriage. Two non-related people may also be able to obtain a discount; however, they usually must jointly own the vehicle.

Incidentally, some companies may also provide an auto insurance discount if you maintain other policies with the firm (ex. homeowner's insurance). Check with your agent/insurance company to see if such discounts are available and applicable.
2. Keep A Clean Record It should go without saying that the more accidents or moving violations an individual has, the more he or she will tend to pay in terms of annual premiums. For those unaware, points are typically assessed to a driver for moving violations. Generally speaking, more points can lead to higher insurance premiums (all else being equal).3. Take A Defensive Driving Course Sometimes insurance companies will provide a discount for those that complete an approved defensive driving course. Also, sometimes a driver can reduce the number of points he or she has on his or her license by taking a defensive driving, accident prevention or other course.

Make sure to directly ask your agent/insurance company about this discount before signing up for a class. After all, it's important that the effort being expended and the cost of the course will translate into a big enough insurance savings. It's also important that the driver sign up for an accredited course.
4. Shop AroundIf your policy has just been renewed and the annual premium has gone up markedly, consider shopping around and obtaining quotes from competing companies. Also, every year or two it probably makes sense to obtain quotes from other companies just in case there is a lower rate out there.
However, remember that cheap doesn't always mean good and going with the lower-priced company isn't always the wisest decision. That's because the insurer's credit worthiness should also be considered. After all, what good is a policy if the company doesn't have the wherewithal to pay an insurance claim? To run a check on a particular insurer, consider checking out a site that rates the financial strength of insurance companies (such as A.M. Best). Financial strength of your insurance company is importnant but, what your contract covers is also very important so, make sure you understand your insurnace contract.5. Take Mass Transit When you sign up for insurance, the company will generally issue you a questionnaire. Among the questions it asks might be the number of miles you drive the insured automobile per year.

If you use your vehicle to commute three hours to work every day, you will generally pay more in insurance premiums than someone who only drives one mile a day. If possible, try to use mass transit to rack up fewer miles, keeping in mind that you will usually have to decrease your mileage significantly before incurring a discount. Ask your agent/insurance company about the company's different mileage thresholds so your efforts won't be wasted.
6. Select Your Vehicle Carefully Buying a huge SUV may sound exciting, but insuring a 5,000-pound, top-of-the-line vehicle can be more expensive than insuring a small (but safe) lower-cost commuting car. Also, older cars are often cheaper to insure than their more modern counterparts. Again, speak with your agent/insurance company to find out the exact rates to insure the different vehicles you're considering before making a purchase. To learn more about choosing a cost-effective vehicle, see Wheels Of A Future Fortune.
7. Consider Raising Your Deductibles
When selecting car insurance, you can typically choose a deductible, or the amount of money you would have to lay out before insurance picks up the tab in the event of an accident, theft or other type of damage to the vehicle. Depending on the policy, deductibles typically range from $250 to $1,000. The catch is that, generally speaking, the lower the deductible, the higher the annual premium. Conversely, the higher the deductible is, the lower the premium. Ask your agent/insurance company how your premium might be affected if you raised your deductible. In some cases, it may make the annual premium better by several percent and put some money back in your pocket; other times, the savings may be minimal.

8. Improve Your Credit Rating
A driver's record is obviously a big factor in determining auto insurance costs. After all, it makes sense that a driver who has been in lots of accidents could cost the insurance company lots of money. However, folks are sometimes surprised to find that insurance companies may also consider credit ratings when determining insurance premiums.

Why is a person's
credit rating considered? The theory is that individuals who keep their financial situations in ship-shape condition will tend to be more careful when it comes to driving. Regardless of whether that's true, be aware that your credit rating can be a factor in figuring insurance premiums and do your utmost to keep your credit rating high. 9. Pay Attention to Where You Live It's unlikely that you will move to a different location (i.e., state) simply because it has lower car insurance rates. However, when planning a move, the potential change in your car insurance rate is something that you will want to factor into your budget.

10. Drop Unnecessary Coverage
Dropping certain types of coverage can be a slippery slope. After all, nobody can predict if or when an accident will occur. However, if an individual is driving an extremely old automobile that's on its last legs, it may make sense (depending on the cost, the individual's driving record and other factors) to drop collision coverage. The reason for this is that were the vehicle to be involved in an accident, the insurance company would likely total the car. If the value of the car is only $1,000 and the collision coverage costs $500 per year, it may not make sense to buy it.

In any case, before making any such decision, consider speaking with your financial advisor and your agent/insurance company. Remember, every situation is different and the decision is up to you.

11. Install Anti-Theft Devices

Individuals have the potential to lower their annual premiums, sometimes by as much as several percent, if they install anti-theft devices. Your agent or insurance company should be able to tell you specifically which devices, when installed, can lower premiums. Car alarms and LoJacks are two types of devices that you might want to inquire about. If your primary motivation for installing an anti-theft device is to lower your insurance premium, make sure to consider whether the cost of adding the device will result in a significant enough savings to be worth the trouble and expense.

12. Question Your Agent
It's important to note that there may be other potential cost savings to be had in addition to the ones described in this article. In fact, that's why it often makes sense for you to speak directly with your agent or a representative of the insurance company to ask if there are any special discounts that the company offers for individuals such as military personnel or employees of a certain company. The insurance company may also offer a "good student" rate or some other special savings. You never know what sort of discount pricing might be available for your circumstances, but unless you ask, you probably won't be able to take advantage of it.
The Bottom Line

The price of auto insurance is likely to continue to rise in the future. However, there are many things you can do to reduce the sting, and hopefully these 12 tips will have you driving in the right direction.