For most drivers, auto insurance is a requirement. Auto insurance may be required by state law where you live, and your car loan company may require you to buy auto insurance too. While it is required for most drivers, it also is beneficial to you. Coverage can decrease your out-of-pocket costs considerably when your vehicle is damaged, totaled, vandalized, robbed and more.
As important and beneficial as insurance is, you want to find coverage that is affordable to you as well. So how can you find the best auto insurance program that meets your coverage needs and that also is affordable? Read below to learn more.
Understanding Your Needs
If you are looking for the best auto insurance program, you may have three key criteria you want your policy to meet. These include:
Defining Your Budget
Driving comes with many costs. You may have an auto loan payment, the cost of fuel when you fill up your tank regularly, regular maintenance like an oil change and the cost of auto insurance.
Many people who are shopping for auto insurance want to find a way to reduce the cost of their insurance.
Consider what your current auto insurance premium is. Then consider how much you would like to save by shopping for rates today. You may think that you have no control over your rates, so defining your auto insurance budget is pointless. However, there are several different aspects of your auto policy that can be adjusted to provide you with savings. Defining your budget is a first step toward finding a policy that meets your budget.
Before You Shop for RatesBefore you shop for rates, you also want to gather together all information and paperwork necessary to get a full rate quote. This information may include:
Whether you obtain rate quotes over the phone or through an online rate request form, this information will be required. Gathering it together before you start shopping can make the process of requesting full rate quotes easier and faster.
You can jump right into the task of gathering full rate quotes. However, you really don’t know which company may offer you the lowest rates, so you are leaving it up to chance to find the lowest rates possible if you follow this strategy. A better strategy involves using a FREE rate comparison tool online to compare rate estimates before requesting full insurance quotes from an auto insurance company. These tools are fast and easy to use, requiring you to enter only your ZIP code into a form. Within minutes, you can compare rate estimates and can determine which auto insurance companies should be contacted for the most affordable rates.
While finding an affordable policy is important, finding a reputable and dependable company is also important. After all, if you are paying your premium regularly, you do want to pay your premium to a company that will pay out on a claim in a timely manner and without hassle.
Some auto insurance companies have developed a negative reputation with consumers for having a poor claims process or for otherwise being difficult to deal with.
When you take a few steps to review the consumer satisfaction rating and to read reviews about a company, you can ensure that the affordable coverage you have found is also coverage that you can depend on when you need to file a claim.
Looking Into the Future
One important thing to note before purchasing auto insurance is if the company offers the opportunity to reduce your insurance costs in the future. Many auto insurance companies offer loyalty incentives to policy holders who renew their policy or who have maintained a good driving history. These incentives can save you money in the years to come, so it is wise to look for a company that offers this programs.
Even if you do work with a company that offers a loyalty incentive, however, consider that auto insurance companies regularly adjust their rates. Because of this, you may benefit by shopping around for new rates at the time of your policy renewal.
Car insurance fraud has been around since the first car was built, and unscrupulous individuals find new ways to do it every day. Unfortunately, following the law explicitly cannot protect you from suffering damages at the hands of a thief intent on committing insurance fraud. It doesn't matter how good a driver you are or how careful you are on the road; many car insurance fraud incidents occur without any participation of the victim. Even worse, victims often suffer financially, physically and legally.Your best defense against being the victim of car insurance fraud is to know the different types of scams that are common. If you can spot a potential problem, you'll be far more likely to avoid it. The only real way to protect you and your vehicle from insurance fraud is to be aware of your surroundings and to always drive defensively. If you have been the victim of auto insurance fraud, you'll have to do what you can to make sure the car insurance company investigates it.
Staged Car Accidents
The most popular type of car insurance fraud is the "staged accident", wherein the victim will be all but forced to hit another car. Most commonly, this occurs on busy side streets and service roads. The first car will drive at a normal speed and wait for another driver to pull up behind him. Then, with no warning, the first driver will slam on his brakes, ensuring that the car in the back will rear-end him. Since rear-end accidents are almost always ruled at the fault of the person in the back, the driver in front can collect on the car insurance.
Another type of car insurance fraud occurs by causing more damage to one's own vehicle in an attempt to collect more insurance money. The driver will collect car insurance information, then drive home or to a remote location to cause additional damage. Later, he will claim that the damage was sustained during the accident. He might even drive straight to an auto body shop to have the damage recorded immediately by a third party. This is especially common when the driver who hit them didn't bother to call the police about the accident.
The third most common type of car insurance fraud is called "The Wave", and is particularly nasty. One car will be traveling straight on a street lined with entrances to businesses. He will stop and "wave" another driver into traffic, then step on the accelerator and hit the second car. Later, when the police arrive, they will claim they never waved the second driver into traffic, thus making the accident the second driver's fault.
The Multi-Tiered Insurance Scam
Finally, and this is becoming more and more common, the multi-tiered scam is a complex operation that may go undetected for many years. One person will help another driver to find a mechanic, a doctor or a lawyer after an accident. He is actually working with the service providers, who will overcharge the victim and split the profits with the first individual. This is a serious case of car insurance fraud, particularly when doctors record and treat injuries that don't actually exist.
To protect yourself from car insurance fraud, you must always be aware. Don't enter traffic unless you have enough room to do so, and don't always trust people who "wave you in". If you are in an accident, make sure to take pictures right away -- keeping a disposable camera in your car helps with this -- and you should always call the police. If damage is recorded at the scene of the accident, the other driver can't do additional damage and claim it's from your accident.
In the market for car insurance? Then make an effort to compare the top 10 car insurance companies before you make a decision. This will give you enough information to decide which company is right for you.
Generally, most car insurance companies will offer limited reimbursement when your car breaks down while you're driving, and you have to hire transportation to get to your destination. Other features include coverage for personal effects damaged in a crash, coverage for stereo systems damaged, and reimbursement for wages lost during your court testimony after you've been involved in an accident. Some of these may be offered by all companies across the board, while others may appear in modified versions in a company's brochures. Compare, review and choose wisely.
Amica is an car insurance company that believes in providing value for money. According to industry watchers, it is one of the top independent car insurance companies. The company has a presence online which gives potential customers a chance to register with a minimum of fuss and compare prices without having to make a hundred phone calls.
Esurance is considered by many people to be the top car insurance company in the US. An easy claims policy, flexible coverage and a wide array of products makes this company the top choice if you're looking for car insurance. Expect good solid coverage if you sign up with this company.
Progressive Insurance is also an internet based service which lets you compare rates and get fast quotes. It offers customers several options which are high quality and reasonably priced. Progressive car insurance has a 24/7 service which should put you at ease, because of the availability of round the clock support.
Established in 1936, GEICO is one of the oldest car insurance companies in the US. It was the first company to offer direct car insurance to clients without the help of an agent or broker. This approach has helped the company to offer huge benefits to customers by cutting down on the cost of car insurance without compromising on the quality.
21st Century Insurance is known for offering a wide range of options that lets customers choose the service packages they want, and also helps to keep the cost of car insurance for the customer down. Features include bodily damage, liability coverage, collision coverage, towing and labor charges and much more.
American Automobile Association is one of the best known car insurance companies in the US. From providing roadside assistance, to travel planning and even travel help, AAA provides a number of unique services to all its members for a modest fee. You can become a member even if you're covered by a different carrier.
American Family is known for offering affordable car insurance at reasonable rates, and customers can either buy car insurance through a broker or directly online. The company offers discounts to drivers with very good driving records. This approach appeals to drivers who would otherwise have to pay for what bad drivers do.
Mercury Insurance Group is a car insurance company that offers a fast claims service, affordable coverage and several ways to buy and manage your insurance. The company has been offering insurance since 1962, and is known for its long record of good service.
Nationwide offers a number of services that include roadside emergency services, travel assistance, help with legal fees, and discounts. You can choose from a number of membership options that offer different levels of service, and which are priced accordingly. This allows drivers to choose the features that they want, and pay car insurance rates based on the choices they have made.
Owners of classic cars and boats need special insurance because of the special needs of their vehicles and possessions. Hagerty Insurance is a specialist insurance company that caters to owners of classic cars and boats. If you're looking for protection for your collector's or classic car, Hagerty Insurance provides you with a cover based on an understanding of your unique needs. Features like flexible use, 24/7 roadside help services and affordable rates on entire collections of cars make them one of the finest providers of specialty car insurance services.
Perhaps the most dreadful moment for insurance policyholders in the wake of a car accident is their first meeting with the auto insurance claims adjuster. It’s one thing to know intellectually that the adjuster isn’t trying to trip us up, but believing it deep down is another thing entirely. So we’re not even going to try. Instead, the goal of this article is to help you be as prepared for the claims adjuster as possible so that you can meet as peers instead of as adversaries.
For most people, a home of their own is their largest investment. In fact, many people invest their lifelong earning to purchase a decent house. Similarly, a vehicle comes at a huge cost. Insuring these major investments against both major and minor damage is extremely important.
Homeowner insurance coverage protects you from unpredicted financial losses caused by various reasons such as storm, earthquake, fire, theft etc as per terms and conditions of the policy. While it is difficult to predict future loss, you can definitely minimize the impact of such loss by purchasing suitable home insurance coverage.
A home insurance policy pays to repair or rebuild your home and replace personal possessions lost due to theft, fire or other disasters such as storms. Though home insurance is required by law, in some places, liability coverage is required if you own certain pets or a swimming pool. Liability coverage pays for non-automobile-related injuries to other people, or damage to their property, for which you are legally responsible. Typical homeowner coverage insures your dwelling, other structures and contents, and may cover against losses such as:
Shopping For Home Owner Insurance
Remember, when you plan to purchase home insurance, you actually plan to purchase safety and protection for unpredicted future loss and therefore you should shop for home insurance the way you shop for any other consumer product. Therefore, before actually purchasing any home insurance coverage you should know your needs from any such coverage. Once you know the coverages that you want, you can very easily compare several quotes among themselves on the basis of price as well as risk coverage. While comparing quotes, also considers others important factors about the insurance companies such as track record of claim processing and settlement, financial strength, customer service track record etc. Remember, not all home insurance providers charge the same price. Therefore, it is advised that you shop for the best price and coverage available for your individual home insurance needs.
Companies offer discounts if you have installed burglar alarms and fire protection devices such as smoke detectors, alarms, or sprinklers. Therefore always ask about the discounts to the home insurance providers. Finally, in today's unpredictable situation, nobody can predict problems; therefore don't delay in purchasing auto insurance coverage.
Apart from your home, your vehicle is another item on which all of us make significant investment. At the same time, even the safest and most cautious drivers may meet accidents. Therefore, it is required that you purchase auto insurance coverage to protect yourself from any unpredictable financial loss occurring due to any auto accidents. The government has made it mandatory for all owners/drivers to carry automobile liability insurance coverage and all the state governments have prescribed a minimum limit of Auto liability insurance coverage that all drivers and/or owners have to carry. These prescribed limits of automobile liability coverage vary from state to state. These coverages protect you if you injure someone else or damage someone else's property while operating your automobile. The minimum liability coverage does not pay to repair or replace your car or for your injuries.
On the other hand, with increasing healthcare and medical cost and increasing cost of vehicle repairing, the minimum liability coverage may not be sufficient the damages completely. In such case, you may be personally held liable to pay compensation over and above the minimum liability limits to damages caused to other in any accidents. To protect yourself from such situations, today it has become a common practice to purchase insurance coverage over and above the minimum liability, called, additional coverage, the most common of which are collision and comprehensive coverage. Additional coverage is not required by law but people purchase additional coverage after assessing their risk potential.
The best strategy for purchasing auto insurance coverage is to make use of a strong website that offers complete information and guidance on important insurance related topics. Additionally, many of these sites will allow you to get quotes online from several insurance providers after filling a short online application form. Within seconds, you will get quotes from different insurance providers. These websites will further help you in comparing and choosing the quote that is not only cheapest but also covers all of your risk. You can continue further to purchase the quite with the help of the websites or terminate the process after comparing different quotes and come back later on to resume the process.
The internet makes shopping for car insurance quotes incredibly easy. Today, American drivers rely on websites like Insurance Panda (InsurancePanda.com) to access free and easy car insurance quote comparisons.
Thanks to Insurance Panda and other comparison websites, you don’t need to manually request a quote from every insurance provider in your area. There are easier ways to make sure you’re getting a good deal. To start, just enter your ZIP code into InsurancePanda.com, then instantly view comparison information for car insurance companies serving your area. Your quote can be completed in seconds – and you can instantly compare prices against other local insurance companies to ensure you’re paying a fair rate.
Many drivers in America are paying way too much for car insurance. Unfortunately, many people are unaware how much of a premium they’re paying. Insurance prices can rise and fall over the years. Insurance companies, however, won’t typically contact you to offer a sudden discount in your insurance prices. Instead, insurance companies will rely on customers being “complacent”: an insurance company’s favorite customer is one who never compares their insurance prices against other providers.
Don’t be like those other drivers! Spending a few minutes shopping online can save you hundreds of dollars on your car insurance policy.
The process for shopping for car insurance quotes online is incredibly simple. Here’s the basic step by step guide:
Step 1) Visit an auto insurance comparison website like InsurancePanda.com
Step 2) Enter your ZIP code into the entry field at the top of the website
Step 3) Instantly view quotes from top insurance providers serving your local area
That’s it! Within seconds, you can check insurance prices from small and large providers serving your local area. Whether you’re getting a brand new insurance policy for the first time or you’re making sure you’re getting a good deal, you can depend on comparison websites like Insurance Panda to offer the best auto insurance comparison information at a reasonable rate.
Your driving history has a significant effect on your car insurance prices. Keep reading to discover how – and why – your driving history can impact the price you pay for auto insurance.
First, many states use a points system for tickets and serious traffic violations. If you commit a driving offense, then points will go on your driving record for a designated period of time. The length of time is determined by your state and the type of violation. The more points you get, the more likely you’ll have your licensed suspended or revoked. Once you have any points, however, your insurance company might start to consider you a “high risk driver”. Drivers with more points on their driving record tend to get in more accidents than drivers with a clean record, and you can expect to pay a higher car insurance rate for that reason.
Speeding is another common driving offense that can cause insurance rates to spike. Just a single speeding ticket might not have a significant impact on your insurance price – especially if you have an otherwise clean record. However, drivers with a pattern of speeding tickets might pay significantly more for car insurance.
Obviously, collisions and similar offenses will also cause insurance prices to skyrocket – even if you’re not the at-fault driver. If you get into a smaller collision, it might be in your best interest to avoid making a claim – especially if damage isn’t significant. Otherwise, your insurance prices might be higher for years into the future.
Ultimately, it’s an insurance company’s job to assess rates based on the information they know about you. The insurance company can’t sit in your passenger seat to monitor your driving habits all the time. That’s why they rely on accident data, speeding tickets, and claims history to make a decision. Keep learning about the impact of your driving history on car insurance rates.
To compare rates on cheap auto insurance, visit Insurance Panda (InsurancePanda.com) online today!
Founded in 2011, Insurance Panda has helped thousands of drivers across America save money on car insurance. Visit the InsurancePanda.com website today and within seconds, you can start comparing quotes from today’s top insurance companies.
Insurance Panda features quotes from nationwide providers, statewide insurers, and even small, locally-owned car insurance companies. Sometimes, the nationwide provider offers the best prices. In other cases, you’re better off working with a smaller, locally-owned provider. Instead of individually checking prices with all insurance companies in your area, you can view instant information from dozens of different providers. Avoid individually calling companies or filling out online forms. With Insurance Panda, you can condense a few hours of comparison shopping into the space of a few minutes.
Some drivers want the cheapest possible auto insurance. They want to buy a plan that gets them on the road at the lowest possible price while still remaining street legal. That’s fine! Insurance Panda lets you shop for cheap auto insurance in your state.
Other drivers want comprehensive policies to protect their newer vehicles. These drivers might choose a more expensive plan with higher liability limits.
Regardless of what you’re looking for in an insurance plan, Insurance Panda makes it easy to compare information at a glance. There’s minimal use of insurance jargon – there’s just basic, no-nonsense information about each policy and its unique traits. If you want to check more information about each individual policy, then you can do that with just a few clicks.
Discover why more and more American drivers are trusting InsurancePanda.com for their insurance needs. Learn why thousands of drivers across America have used Insurance Panda to save money. At Insurance Panda, comparison shopping is so easy – it’s black and white. Get started today by entering your ZIP code into Insurance Panda.