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May, 2012Archive for

Why You Are Asked for the Vehicle Identification Number?

Sunday, May 27th, 2012

One thing you may need to know right from the start that some information may not be required to get auto insurance quotes. You may just want to know how much a policy is going to cost from a particular firm or a vehicle you are considering buying. You can get a quotation by providing your basic details with most companies. This is the stage you may be cautions and companies are aware of that. They don’t want to spook you away with too many details and questions.

However, the situation is different when you are buying or bought a policy. Your insurer will want to know your driving license number as well as the same for other drivers. They would also want to know your Vehicle Identification Number (VIN). This is the point to provide all the relevant information in relation to insuring a vehicle.

Why do they ask VIN? This is the number that is unique to your automobile. With this number companies can check the background of it. They can find out if it is involved in a serious accident from accident registration data center. They can also check that it is registered to your name. In many states you can only insure autos that you own. It is something to do with having insurable interest on the car.

What Is VIN?Vehicle Identification Number includes many useful information about the automobile. Things like its make, model and year of manufacture is included there. Even a car is totally burned down, this number can tell the police and the insurers who it is belong to. This speeds up the process and reduces the costs of searching for stolen autos. Also, it reduces claim frauds in some ways. Companies spend fortune on falsely made claims and any help to reduce them will keep premiums low for everyone.

If you ever bought a used car you would know how important this number is to reduce fraud. You can actually get the history of a car you want to buy using this number. Maybe it is a good idea you physically check that this number on the car matches with the number on the auto log book. Some crooks can try to sell you a lemon by playing around this number.

Companies can save you a small fortune thanks to proper auto records. For example, a loss adjuster can determine if a damage you are claiming for is done in the accident that led to claim or it is done way before. Some people may want to get all the other repairs done as well and charge it to the company. But looking at the history a loss adjuster can see that this damage was done in a previous incident.

Also, companies can check if a car to be insured has ever been totaled. Some people buy salvaged automobiles, repair them and register again for driving. These cars are high risk since the company is not confident about the repairs after it was deemed beyond repair. So, they can quickly find out the true story and charge appropriate premium to insure it.

Why Buy Full Auto Insurance Cover?

Friday, May 25th, 2012

Many young and inexperienced drivers may want to buy the basic liabilities car insurance and get behind the steering wheel. Some others may not realize the importance of insuring their car properly. And those people may only buy third party cover because it is legally required. wouldn’t it be better to buy proper protection if you have to buy insurance anyway? This is an important subject and will be explained in detail below.

Liabilities policies only pays for damages and injuries suffered by third parties. This part of a cover protects you from claims made against you. You are on your own for your own damages if you buy liabilities only coverage. There are a lot of things that can happen to your automobile and require repairs. You may even lose it completely when it is beyond repair or stolen. fully comprehensive coverage

By including Collision and Comprehensive Coverage you make sure that you are protected for many damages. Collision pays for the crash related damages and comprehensive pays for any other damages that may come to your auto. These policies are normally sold together and include deductibles to be paid by policyholders.

When you are getting a loan your lender would insist that you have these covers as well as GAP insurance. Gap pays for the gap between the market value and outstanding loan figure. They obviously want to make sure that their security is well protected with a full coverage. Otherwise, how would they get their money if something happens to the car?

Knowing there are far too many uninsured vehicles on the roads in the USA you would want to buy Uninsured Motorist Coverage as well. This would pay your damages if one of them hits your car and relieve you from the pain of chasing the person in courts. The actual cost of this addition is not really much and it may be compulsory in some states anyway.

Normally, you would have rental reimbursement cover as well with a full coverage packages. What this means is that you can rent a car when yours is being repaired. The insurer would pay the rental costs when the vehicle has suffered an insured loss. There may be certain limitations that stop you from going and renting a Bentley when your Fiat is being repaired.

As you probably know you don’t have to buy anything more than basic state required liabilities cover to be able to drive a car. So, why would you want to pay a lot of money and get these extras? The answer is simple, it is either you who pays for the damages or the insurance company, if they ever happen. You are selling your unknown risks to the carriers for a set amount called premium.

Actually, most motorists don’t even think about it and go for the full coverage packages. They are sold by most companies and made to be attractive and reasonably priced. Without insurance you cannot take pleasure in driving knowing that anything can happen round the bend and it is all money to get it fixed.

Many Drivers Don’t Know about Auto Insurance Discounts

Friday, May 25th, 2012

They know that they want to reduce cost of insuring their automobiles. Some of them don’t even know exactly why they buy insurance. They buy it because everyone buys and tells that they should have it too. Contrary to common belief it is not a complicated task to arrange auto insurance coverage. But it is not something that should be taken lightly either.

car insurance savingsIf you want to save money you need to go about it the right way. You can start with asking your current insurer for all the discounts you qualify. You shouldn’t assume that they will automatically include them when they are calculating your renewal premiums. First of all you may need to refresh your information to make sure it is up to date. A lot may have changed since you filled the quote form and all those changes may be in your favor.

As people go older, they gain professional and educational qualifications and those may qualify your for savings. For example, you may have a AAA roadside recovery service contract and you think nothing of it. Did you know that your AAA membership can qualify you for ten percent savings with some companies? It is a lot of money and simple to have it. Many people buy the membership only because they can get discounts on insurance, hotel and restaurants.

Did you know that auto insurers are looking at your credit score? As a result they can charge you a lot more for poor credit score or offer you a great deal when it is good. Many people go angry when they see their premiums have gone up. This is one of the reasons whey it goes up. Again, did you know that your insurer will have to tell you why they are putting the prices up? When this happens, first thing you should do is to call them and ask why.

There are many ways of saving money on your premiums and most of them are no secret. But if you weren’t paying attention your would have no idea. These simple things can save you as much as fifty percent. They are being a good driver, having no claim, living in a safer zip code, having a respected job and driving low mileage every year.

Any changes in your life will affect the premium you pay. This could be positive or negative change. When someone retires they don’t need to commute to work any more and therefore, they become low mileage driver. Starting to work from home may have the same affect. Did you know that most people actually drive around 12,000 miles a year and that is below the average?

Do you know how long does it take to get an auto insurance quote online? Would you be surprised If I said five minutes? Yes, it could take you as little as a quarter of an hour to save money on your policy. Wouldn’t it be worth it even the saving was only a hundred bucks? Then, look into these details and find the ways to minimize your premium payments.

Getting Good Coverage, Reliable Insurer & Low Premium

Sunday, May 13th, 2012

Wouldn’t it be nice if you can get everything you want from a deal? Getting all three of the things in the title right is possible. It is true that you may need to work for it and be smart about it. But think how much you would have to work to earn the extra premium you paid because you didn’t shop around. How much you would suffer in the hands of a below average insurer if you had a claim? How much you would regret if you didn’t arrange sufficient coverage?

On the other hand you would be pretty pleased with yourself if you got them all right. You would sleep better at night with this knowledge. Make no mistake that arranging the right auto insurance coverage with a decent carrier and at a low price can be achieved. And it is more important than you may think.

Satisfied DriverHow would you go about securing them all? I don’t know you but I would start with figuring out how much coverage I need. Otherwise, I would be like someone who went to grocery shopping before checking what he/she needs. You may come back home with all those junk food and nothing to cook a good dinner.

Remember that those agents are well trained to sell policies. They are likely to keep pushing your many extra staff and filling your basket quickly. You should stick to what you need and try to get them at a discounted rates.

Next, I would get a few quotes online as well as talking to a broker. If a broker can beat my online quotes they can get my business. Also, they may be able to persuade me that I am better off with a slightly more expensive but more comprehensive policy. I would want to leave all the avenues open. Both shopping online for car insurance and using a broker have their advantages and disadvantages.

Once all the quotes are in, a quick comparison would eliminate some of the providers. When I have a quote for $1,500 for the same coverage why would I even consider a $3,000 quote. I would bin it quickly especially if I have another quote for $1,800. In the same way I would think twice before going ahead and buying a policy that is only $800. If it looks too cheap it probably is.

How long do you think this whole process take you? It is unlikely that you will need more than an hour to make a smart choice. Remember that you don’t have to make a selection today or do all of these tasks at once. You can save your work online and carry on when you have a few more spare minutes.

Furthermore, you shouldn’t forget who is in charge here. Nobody should be able to sell you anything you don’t want. Every decision you make has consequences. If you don’t shop around you pay more than a reasonable premium. When you cut corners with your policy you may have to pay the shortfall out of your wallet. And Nobody wants to deal with an unresponsive and irresponsible auto insurer ever.

Find Car Deals Online

Saturday, May 12th, 2012

If you are a real car buff you can spend hours checking specifications on the internet. You can see the pictures from every angle and see it driving on the road. The best part of it is that you can do it in your own speed and time and you can go back and look again. Buying an automobile¬†is one decision you don’t want to be rushing.

It is best to take everything you see on manufacturers’ sites with a grain of salt. Take fuel consumption figures for example. You will probably burn more petrol than they put in their websites. They are probably taking those measurements in ideal conditions and you will never find them in the real world, especially in the cities.

If you do your homework well on the internet you get a lot more out of test driving. When you go to a dealer to check on the cars you know a lot more and you can start feeling the vehicle. Sometimes we may get disappointed with the real thing or find that there is a lot more to it than you saw on a website. You can also check the stock of a particular dealer and book a test drive.

purchase an autoOnline resources may be extra valuable when you have limited amount of money and buying a used car. Generally used cars are in a tight price range. Therefore, you can get a lot more for your money if you do your research well. For example, if a car with 100,000 miles on it is worth $10,000 you may be able to get a similar one at 40,000 miles and you only need to pay couple of hundred dollars more.

Use some of the bigger sites where owners are listing their cars. Most of them have functions that allow you to save the cars you found. This is a very helpful feature because you get excited to see a type of car you want. As you check more and more the first car you found may not be as attractive anymore. This gives you a good comparison and insight to pricing.

You need to keep in mind that good cars go really fast. After a while you would have a good idea as to what you are really looking for or can afford. If you haven’t found one in your area you should ready your money and wait. As soon as you see one that fits the description you can pounce on it. Generally first person that sees a good used car buys it.

It is possible to choose the type of automobile you like, determine the extras and order online. Many companies will deliver it to your doorstep. But not many people would want to buy a car without seeing it. If you are buying a used car from the owner direct, you should always use common sense. Wherever possible you should take a friend or tell them exactly where and when are you going and how long you will take.