Most people buy an automobile as their first major purchase, actually a new car is second only to a home as the most expensive purchase many consumers make. Many would purchase vehicles for over $28,000; it’s easy to see why one would want to protect that investment. Before we talk about coverage for the automobile itself, its important to ask this question, what do many people believe is the most important coverage?

Liability coverage pays the injuries or damages you or someone driving your car cost to other people or their property. There’re two liability coverages; bodily injury liability and property damage liability.  Every state has different laws that dictate the minimum coverage you must carry for this, some states require you to prove you have insurance before registering a motor vehicle. Other states use the honor system where you only have to provide proof that you’ve never had an accident or a violation.

Some local state require minimum coverages of 25 5010, for example, there are four states that do not require drivers to carry any liability coverage. Just because it’s not required by law doesn’t mean you don’t need it. Let’s say you have an accident where you were distracted momentarily and rear ended the BMW in front of you, there’re three people in it and all of them suffer some injury. If your caring liability coverage of 25 5010 that means your insurance company will cover the costs of any one person injuries, rehabilitation expenses, pain and suffering and time. This coverage will pay up to $25,000 but they will not pay more than $50,000 for the accident regardless of the number people injured.

For the bodily injury portion, your insurance company will pay up to $10,000 for the property damaged, so three people are injured, let’s say their injury totals $75,000 and the BMW’s rear end damage of $13,000, your policy will pay for $50,000 dollars for all injuries and 10,000 for the property damage. Where does the remaining 25,000 for bodily injury and 3000 for property damage come from? Once your policy pays and one person lacks coverage, you could be held personally responsible for the remaining amount, it’s generally recommended that you carry more than the state minimum coverage to protect yourself from this financial risk.

The next coverage on the anonymous bill policy is medical payments coverage; this provision protects you and your passengers if you’re hurt in a car accident regardless of who’s at fault. That coverage also extends to you and your family members if you’re a passenger in someone else’s car or if you’re a  pedestrian injured by an automobile. Medical payments coverage pays the medical bills resulting from an accident off to a per person maximum commonly $5000 there are no deductibles and no waiting. Under this coverage, the prescription drugs related to the injuries are covered.

Lets go back to the BMW incident again, let’s say that you and you’re passenger are both injured and taken by ambulance to the hospital. Medical payments coverage of $5000 cover the cost of the ambulance ride, the emergency room visit and subsequent doctors visits up to $5000 per person.  If you’re medical bills total $7000 and your passengers total $3000, the policy will pay $8000 dollars under this coverage. Some states have a medical payments coverage known as personal injury protection or hit this coverage and they have a deductible that may allow you to collect for lost wages and rehabilitation expenses to things that regular medical payments coverage does not cover.

Uninsured and UIM coverage, this coverage is corded similarly to bodily injury liability even though mandatory, insurance laws exist in 48 states nearly 15% of all accidents are caused by uninsured drivers. An insured motorist coverage provides protection for you and your passengers, when you’re injured in an accident with an uninsured motorist it will cover your medical bills, rehabilitation expenses, lost wages, pain and suffering. Things you could have claimed against the at fault party’s insurance,  if they have it UIM coverage will cover those same losses.

In most states, the uninsured UIM coverage applies to injury only and not for damage to your vehicle.Protection for your automobiles are provided under the collision and comprehensive portions of the policy. Collision coverage implies that when you have an accident involving another vehicle or a stationery object such as a telephone pole, a guard rail, a building or when you overturn your vehicle. Comprehensive coverage implies that accidents involving fire, broken glass, hail damage or other losses not caused by collision must have a deductible i.e. the amount you must pay before the insurance company pays the damages.

Common collision deductibles are $500 dollars or one thousand dollars and common and comprehensive deductibles are 100 or 250. If your car is financed then you’re required by the bank that you carry comprehensive and collision coverage until that loan is paid off. It’s important to note that an insurance company will never pay more to fix your vehicle.Emergency Road service and rental car reimbursement coverages are optional but are highly recommend as part of a full coverage package.

Insurance rates are based on many factors including where you live, your age, what you drive, how much you drive, and the courage you carry.One way to keep your insurance costs down is to take a high comprehensive and collision deductible. As the vehicle gets older and is not financed many people choose to drop these two coverages completely as a way to save money and additionally many people choose to pay for small claims out of their own pockets as a way to keep their rates down.

Remember that the covers you carry is just one of the factors contributing to the cost of insurance, there are things you can do to make sure you get the best price possible; the first is to keep your driving record clean. Your driving record is used as a predictor of future experience, accidents and violations stay erected for three years and major violations and suspensions stay on for five years. Many companies now use the scoring model that combines your driving record with a variety of other information including certain elements of your credit history and prior insurance claims to determine your costs for insurance. This means that paying bills on time could affect your insurance rate;a little knowledge can go a long way in providing the best protection you need.

The post The Basics of Car Insurance: A step by Step Guide appeared first on QuotesCarInsurance.

An insurance company helps an individual in the event of a loss. It is good to ask your local independent agent to help you decide which  option is right for you whether you are purchasing insurance for a new car purchase or to protect your investment.

Not many people can  afford to pay for a big accident out of their own pocket but, how much insurance do you need, the costs involved and whether you can access the premium services? Understanding your insurance policies is easier said than done, that’s where an independent agent comes in. An independent agent is  there to answer your questions and help you understand the coverages and limits you need to protect you and your family and to make the right decisions.

The post Understanding Insurance Companies and the Roles of Agents appeared first on QuotesCarInsurance.

First, we need to understand the purpose of an insurance policy; an insurance policy is an agreement between you and the insurance company. You agreed to pay a premium for this coverage and protection is provided by the policy and in exchange, the insurance company agrees to pay referral losses covered by the policies such as fire damage.

Insurance policies are not meant to cover all expenses, that’s why insurance policies include a deductible; the deductible is the amount you have to cover out of your own pocket when a loss occurs.

If you’re like most people you probably have enough money saved up to replace or rebuild large assets after an unforeseen occurrence like losing your home or business and everything inside to a tornado or fire. On the other hand, you could probably afford to pay for a few hundred dollars out of pocket to repair minor damages.

By avoiding the smaller losses, your insurance company can offer you coverage at a lower rate and still protect you from larger and financially devastating losses. Deductibles apply separately to each claim.

Another important thing to know is that the amount of your deductible has an impact on the premium. For instance, the higher the deductible, the lower the premium.

The post The purpose of an insurance policy and coverage explained appeared first on QuotesCarInsurance.

Methods of choosing the best car insurance

Most of us want to have better and effective car insurance but we constantly we fail. The following are the best methods of choosing the best car insurance.

Find the best coverages and amenities,  by coming up with a list of amenities and coverages, you will be able to easily find the best car insurance.

Customer service of the company should be considered.

Over-viewing the company’s reputation as you’re looking for a cheaper option: Once a person finds a cheap car insurance provider, in most cases, they fail to observe the company’s activities and customer reviews that give  a clear concept regarding the company.

Also make sure that  the company you are likely to buy car insurance is licensed to sell auto insurance in your state.

Comparing various companies: In this cases you can pick three or four companies that offer cheap and better car insurance so that you can compare among them from various angles.

If you want to get more info on how to get a cheap car insurance deal, click here.

The post 5 Proven Methods of Choosing the Best (and Cheapest) Car Insurance appeared first on QuotesCarInsurance.

Television commercials and insurance companies are all over the place talking about their coverages; if you’re new to buying insurance this might be very important for you, however, even if you been playing car insurance for years an explanation of what the term coverage really means might be important to you so I started to talk about liability.

Liability coverage means that if you are a responsible negligent, you’re responsible for somebody else getting hurt or property being damaged, for instance the other car. The coverage is the amount of money available from the insurance company to the other person; often times you’ll see something called split limits which means I’ll pay hundred thousand dollars per person that’s been hurt or $300,000 for everybody who was in the car.

This coverage can be very complex and I highly  recommend that you spend time with your insurance agent talking about what it means and how much you should have covered. Other coverages may include something like comprehensive and collision; this coverage applies to your vehicles.

Comprehensive deductibles are usually lower and less expensive than collisions because collisions cause larger amounts of damage and it cost more to fix.  So when you hear the term coverage in that situation,  you’re talking about deductible.

Finally uninsured motorist is very similar to your liability. In a nutshell, coverage really means money again.

The post Car Accident Insurance Claim: Learning how to Negotiate appeared first on QuotesCarInsurance.

Today we talk about how to dispute an insurance total loss on a car.

The first thing you want is to have taken pictures of your car to demonstrate the excellent condition it was in before the accident.  You will show the insurance company what they’re talking about, they say a picture’s worth 1000 words it really is in this case.

The next thing you want to do is to get a reputable price, your grade book should demonstrate your car’s year make and model. If your car is in excellent condition it might be rated higher than what the insurance company is willing to give you.

Beyond the grade book the next consideration is to look at the local newspaper  to see what the asking prices are for similar makes models,  colors and the sort. You can also get a  a written quote or offer from a dealer in your area and proceed accordingly.

The post Car Insurance Legal tips: Disputing an Insurance Total Loss on your Car appeared first on QuotesCarInsurance.

Today we are going to talk about what the average cost of auto insurance, this is a really tricky question because it’s affected by a few factors.

• Factor number one, where you live,  the city versus the rural areas. That’s going to make a big difference because obviously if you’re in the city you have more cars around you. The chances of becoming involved in an accident are greater and so the insurance will be higher. 
• Fact number two,  how far you drive to work.  Someone who drives more hours has a high accident risk compared to  somebody who’s driving lesser miles per day.  
• Fact number three, Value the vehicle. This makes a big difference when you have a 1972 Datsun pick up truck or you have a 2011 Mercedes. You’re going to pay a lot more for the Mercedes because of the value of the vehicle.
• Fact number four, your driving history. If you have no accidents and you have a squeaky clean record  for three years, your cost of insurance will not be as high as that of someone who has a bad driving history.

The post What is The Average Monthly Cost for Car Insurance? appeared first on QuotesCarInsurance.

Switching car insurance is very easy once you’ve found the best rate. What you want to do is go ahead and purchase your new policy. The agent will go ahead and give you declarations papers with coverage for the new policy purchasing, then say you want to cancel the policy that you had previously.

Make sure that you have your new policy and in written form and always keep a record for yourself.

Don’t  cancel your policy on the day that your new policy starts. If you paid in full for your policy, let’s say for example, you have six months left on the policy you are entitled for a refund.  A written form must be faxed to the old insurance company as soon as possible; refunds usually takes about 2 to 3 weeks;  keep in mind that there may be deductions or policy cancellation fees.

The post Want to Switch Car Insurance? Here’s how you can do appeared first on QuotesCarInsurance.

Let’s talk about how to get rid of a car loan. You should only take a car loan that is not going to overburden you going forward. 

Car dealers will  sell someone a car that is not affordable to them and eventually they may not be able to pay the loan. It’s important for you to be aware of the current nature of the loan and place a  significant down payment on that car.

Another way to get rid of the car loan is to make payments on time depending on what your focus is. You can make extra payments on the car as this will retire the debt and you will have nothing to worry about.

The post Get Rid of a Car Loan: Guide Step by Step appeared first on QuotesCarInsurance.

This is your recognized insurance expert. Today, we will talk about the procedures that you should be thinking about in the event that you are in an accident.

• Regardless of who’s at fault it is important that you exchange your insurance information with the other person.  This doesn’t mean that you’re admitting fault in any way but what you really want is the auto insurance people to talk to the other person.
• To do that,it’s really  important to exchange auto insurance cards and any information that you need. Also, take as many photos as possible because it’s the best way  you can let your insurance company  or even the other insurance company know how the scene looked like.
• While you’re at the scene, call the emergency phone number that is on your insurance auto ID card. Calling that number is free, so the most important thing is to exchange auto insurance information to contact your insurance agency. 

The post Car Accident Insurance Coverage, Claim, Process and Costs appeared first on QuotesCarInsurance.