Cars That Are Less Expensive To Insure

February 16, 2018 · Posted in General Articles on Car Insurance · Comment 

Buying a car involves a number of costs other than the actual purchase price of the car. One such cost is car insurance. Often people do not consider the cost of insurance when they are searching for a car. Many people do not realize that the price of car insurance will vary from car to car. Because car insurance can be expensive, it is important to understand why it is expensive to insure some cars over others as it can affect the price one pays by hundreds of dollars.

The type of car that you drive affects the price you will pay for auto insurance. Rates are based on a particular car’s make and model. A car with a low loss history will be cheaper to insure. For instance, if you purchase a brand new car that has no record of accident and other damage claims, the rate you pay will usually be based on the manufacturer’s suggested retail price. Then rates will be adjusted on loss history over time

Insurers will also asses such features as horsepower-to-weight ratio and adjust the insurance rate accordingly. The more high performance cars will tend to have higher premiums. As well, the car’s history of vehicle safety will affect premiums. Cars with a good record of safety will have lower auto insurance rates. This is why larger cars and minivans tends to be one of the most least-expensive vehicles to insure. The car repair history, the safety record of the car such as the number of instances of accidents, and size of the car, all are assessed when determining the premiums one will pay.

One of the least expensive cars to insure is the Smart fortwo which is made by Mercedes-Benz. This small two door coupe comes with 71 horsepower engine and has a fuel economy range of 33 mpg in the city. It also has a low collision loss record. The 2009 Hyundai Santa Fe is another car that is cheap to insure. The Highway Loss Data Institute notes that the Santa Fe has a low record of comprehensive insurance loss and low personal injury and collision protection insurance claims.

The following are a list of a few of the least expensive cars to insure: Hyundai Entourage, Hyundai Santa Fe, $832 , Saturn VUE, $911, Chrysler Town and Country, $915, Smart Fortwo, $881, Honda Odyssey, Mazda Tribute, $913, $871, Kia Rio5, $870, Kia Sportage, $840, and Kia Sedona, $857.

Other cheap cars to insure include: GMC Safari, Chrysler PT Cruiser 4dr Wagon, Pontiac Solstice, Pontiac Sunfire 2dr Coupe, Volvo S40 4dr Sedan, Honda Civic, Buick LeSabre, GMC Safari SLE AWD 3dr Minivan, Dodge Caravan SE 4dr Minivan, Ford Taurus (station wagon), Buick Century Special Edition 4dr Sedan, Dakota Quad Cab, Saab 38600 Linear 2.3t 4dr Sport Wagon, Volvo XC90, Saturn L300 1 4dr Sedan, Jeep Liberty Sport 4WD 4dr SUV, and Pontiac Montana.

In this troubled economy, we can all benefit from saving extra cash. If you are on a tight budget and are looking for a new vehicle, choosing a car that has low insurance premiums can save you hundreds of dollars a year.


Shopping for Vintage Car Insurance

February 16, 2018 · Posted in General Articles on Car Insurance · Comment 

Whether you purchased a vintage car or built one from scratch, it probably cost a lot of money. Most of the time, people purchase these because they see it as an investment (and because they like them). So we imagine you spent thousands upon thousands of dollars to have this in your possession right? Now you need to make sure you have the right vintage car insurance policy.

When you purchase auto insurance for your vintage car, this is quite different from standard vehicle insurance. We recommend taking the time to research and find the companies that will actually offer this type of service. You have to remember that not all insurance companies want to hold a policy of this magnitude. You will be looking for “specialist” coverage, which will be decided on how you use the car. For instance, if it’s only driven to exhibitions and shows, then you will have to get a different premium.

Providing you take the time to look for the right kind of policy for your car, then it is possible to save money on car insurance. You should not insure a classic or vintage car under a standard insurance policy. If you have bought your car as an investment piece then you don’t want to be driving it around in the same way that you would an ordinary car.

One thing to realize is there are specific guidelines that need to be adhered to when insuring a vintage car. When looking for auto insurance for vintage cars, you should have been driving for at least 5 years. This will give you a much better quote then if it’s for a teenager. Also, if you’re over the age of 25 that will help as well. In fact, it should be easy to find vintage car insurance, since you are considered to be less of a risk.

The insurance company will also want to know more about your driving skills, and the overall security of the vehicle. If you don’t give them what they want, they won’t offer you a specialty premium. Most importantly, the car does have to be considered vintage.

Most of the insurers today believe that vintage means’70s or older. It’s also important to understand that the overall premium cost will differ according to the age of your vintage car. You should also have regular insurance as well, because you will need it before they grant you vintage car insurance.

Another thing they will look for is whether or not you are driving your vintage vehicle on a daily basis. This would be considered a huge risk, and you may be turned down. If this decreases in value due to the extensive driving, insurance companies will offer special premiums based on the actual cash value (ACV) of your car. However, it will also include the stated value (SV), and agreed value (AV) as well.

When you give the insurance company a value for your car they will pay it but they cannot insure you for the stated value. Most vintage car owners get their insurance on the basis of an agreed value of the car. This means that they will agree with you a value for your car and take into consideration your investment and any maintenance, and then they will give you a policy for that value.

7 Things That Can Affect How Your Car Insurance Rates Work

February 10, 2018 · Posted in General Articles on Car Insurance · Comment 
by Kelly Poter

It’s imperative that you know how car insurance works and how your premiums are computed. The precise formula for computing your rates may be concealed, but there are some considerations that will influence your car insurance rate. The following grounds will either raise or lower your car insurance rates, based on how risky your driving habits are.

The amount of coverage you need or want will affect how much you pay for car insurance. It’s obvious that the more protection you want, the more you will have to pay. For example, liability only coverage is the least expensive car insurance compared to having full coverage on your vehicle.

The amount of your deductible will greatly determine how much you pay for car insurance. A deductible is basically the sum of money you pay before the insurance company starts paying a covered claim. The more cash you are willing to pay out before the insurance company does, the smaller amount you will spend in premiums. A small deductible will encourage the insurance company to offer you a better premium.

Your driving record likewise has a significant impact on premium amount. If you are prone to accidents, the insurance companies will deem you as high risk. Your premium will consequently increase. If you hold a good driving record, your premiums will be lower because you pose a lower risk. The insurance companies are attracted to low risk individuals.

Credit rating significantly affects car insurance premiums. A higher credit score will mean better rates with your car insurance policy. This is because you are deemed as less risk by insurance company if you are more responsible with your credit.

Your address can affect your car insurance rates. If you settle in a bigger city where there are many cases of theft, then expect elevated insurance premiums. Insurance companies will grant you a discount depending on your address, safety measures of your car, and your parking area. You cant do much about this privilege but you can secure more safety features so you can avail of the discount.

Your age will determine the rate of your car insurance as well. By and large, the more years you spend in driving, the less your car insurance will cost. Teenagers and people under 25 years of age usually pay higher rates than other people. Seniors also demand higher rates because both teenagers and seniors are prone to accidents.

And lastly, the type of car you drive will have an impact on how much you pay for car insurance. The more safety features, how old the car is, and what type of vehicle you drive will allow for fluctuating car insurance rates. Make sure to check out how much your car insurance will cost when buying a new vehicle.

Hopefully these 7 guidelines about car insurance rates provide you with useful information on how car insurance works, and how to estimate your rates. The more informed you are concerning car insurance, the better equipped you will be in the future.

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How To Lower Your Motor Vehicle Insurance Cost?

February 9, 2018 · Posted in General Articles on Car Insurance · Comment 
by Graham McKenzie

You can do several small things in order to lower you insurance premiums. The foremost thing is no doubt searching for the insurance company offering the best deal, but you can also get discounts besides that. Before settling on an agreement, inquire your insurance agent regarding the discounts that are available.

Paying a large amount of deductibles is indeed one of the ways to reduce your monthly payments. The amount you pay in cases when the accident was not caused by your mistake is known as deductibles, and this has to be paid only once every time you are in an accident. If you pay a higher deductible then you will need to pay more at the time of accident, but it will considerable lower you monthly cost.

Another method to lower your monthly bills is to use the same insurance company. If you get your cars, home, health, and life covered using the same insurance company then you get better discounts. The more plans you opt for from the same company, the more educations you get.

The drivers can save money on their monthly bills through several different ways. You can start doing this by keeping you car in a properly locked garage so that there is no theft. You can also check you car for safety by adding features to it like airbags, and the anti-lock brakes. Insurance companies offer special deductibles for such cars as they are less likely to be damaged in an accident.

Defensive-driving training course is devised to make the drivers alert and ready to face situations. It trains you to be alert at the time of the accident so that you can react wisely. This helps in saving your and other people’s lives. If you get this training then your insurance bill is lowered by 10%. This course is ideal for young drivers who are more susceptible to getting involved in an accident.

Obviously, the fewer accidents you have on your driving record, the less your premiums will be. Be careful who you let drive your car so there are no accidents. Be sure to pay attention to the road yourself so you have less of a chance of getting into an accident.

People over 55 can apply for an AARP membership and get discounts on their insurance. You can also choose to pay your whole yearly bill in advance and get a discount, but this can only be done if you have enough funds available.

When accessing your premiums the insurance agent depends on factors like your car, you’re driving record, and your age. In some cases it is impossible to change these factors, but you might be able to if you are in the right position. Try getting a car that costs less to repair, and it will result in you paying lower premiums. You can also try getting car insurance put under your spouse’s name instead if they have a cleaner record. The key to getting low premiums is making you less of a liability to the insurance company so that they are more likely to make money.

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Reasons You Need To Sign Up For Emergency Road Services

February 7, 2018 · Posted in General Articles on Car Insurance · Comment 

Picture yourself getting in your vehicle for a short trip across town to go shopping. You are about halfway to your destination and without warning the engine just gives out. This is just one of many reasons you need to sign up for emergency road services. They provide an array of specialized and skilled employees to come to your aid. In the end you breathe a sigh of relief knowing your car will be fixed and that you may continue your day.

When you are alone and driving in town someplace where you do not travel much and you break down, you have only a couple of options. You could plan ahead and buy a membership that enables you to have help twenty four hours a day, every day of the year. Or, call your spouse and have them call a tow truck to take your car to the mechanic.

If you have no experience in engine repair it is nice to know that becoming a paying member, a mechanic will look at your vehicle and be able to make it work once again. If the problem is complex, the car will then have to be towed to a repair shop. Either way, the car will get worked on and you are able to drive it again.

There are several companies that offer this type of service to the public. The company that you choose will help you regardless of what state you are in when a problem arises. If you happen to be traveling for work purposes or are on a short trip for fun, you have the knowledge that your vehicle will be repaired so that you may continue traveling.

If you have ever run out of gas you understand that it is not fun. However, this is covered if you are a member, they have an employee come out and put fuel in the car. Now you can go to work or drop the kids off at school on time. Sometime during that day make sure to check the water, gas and additional fluids so that you feel more comfortable.

There has been a time or two when everyone has locked the keys inside the vehicle. Instead of trying to get the car unlocked by yourself, make that call for an expert locksmith to come help you. This is only one of the perks of having joined this company. After trying this for one year, and you decide you can not live without it you will need to fill out another contract for the following year.

Before signing up, take a moment to go over each different plan. Each plan is unique and offers separate things, but all of them are geared to get your vehicle fixed and getting you back in your car as soon as possible. Each category has certified employees that are sent to help the member. A simple thing like towing a vehicle ten miles could cost up to three hundred dollars. The price of one year is less than that.

At this point you have seen the many reasons you need to sign up for emergency road services. They offer several different plans and you choose the one that suits you the best. You will never worry again about car troubles because you know that you will receive help in a matter of an hour or two. The time period is one full year, and then you sign another contract with the same terms.


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