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By admin, March 22, 2011 10:04 pm

Car Insurance Premiums

It is very necessary to insure one’s car as a safety measure. But is even more important to have a good knowledge regarding the car insurance premium as some times it can turn into a trouble. It is always recommended to do a thorough research and be well learnt about the car insurance policies before getting into one. The ignorance leads to paying of higher premium unnecessarily.

There are several factors that influence car insurance premium. Some of them as follows:

History of a Car

Premium of a car is decided on various contexts. To start with is the year of the car. Even the cost of the car components reflects in the premium that is if a particular car part is costly, then the premium will also go high. For example premium of a midsize sedan will lower premium than a sports car. Some of the body types like SUV, luxury cars have carries a higher maintenance resulting in high premiums.

Gender

The studies have come up with the results that compared to the male drivers, the women drivers are the safest. Presently, women drivers pay 40% lower premium than young male drivers. There is also another factor which influences the premium and that is the age. It is said that drivers falling in the age group 18-25 years are prone to higher risk and therefore the premium amount is higher compared to the other drivers above 25 years.

Location

The location plays a very important role related to the insurance premium. As in the city the possibility of car accidents are higher, therefore the premium amount will be higher too compared to the rural areas. Cities where car theft and car accident is at a peak, insurance premiums are also at a great height.

Driving Behavior

As the per the rule, the insurer fixes a device in the car to scrutinize the driving behavior of the driver. Based on the on satellite and cellular phone technology, this helps to follow the driving violations and driving skills. Tough this is not practiced in India; it is a very sensible concept that has to be followed. And with the help of the device, if the insurer notices the increase in number of accidents and violation, them the person premium amount is increased.

Safety Devices

Some of the insurance firms offer special offers if the car is equipped with anti-theft and safety devices like alarm system, airbags, cruise control, and tyre pressure monitoring in their cars. With these features the car owners get lower insurance rates because their cars are less prone to accident damage or any kind of in-car injury.

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By admin, December 15, 2010 10:05 am

Where To Look For Vintage Car Insurance

Many people choose to restore and show antique cars as a hobby. Many of these cars price many thousands of dollars to obtain, not including the money, time, and energy spent to restore the car to its previous glory. This is why buying vintage car insurance is so important. Vintage car insurance will shield your investment in your car in the event of accidental damage or theft.

Vintage car insurance may as well be purchased from one of the independent insurance companies that specialize in insuring vintage and collector cars. Many of these companies will only insure particular types of cars, so if your car is a rare, hard to find model, you may have trouble finding someone to insure it. When researching these companies, be certain to ask about the experience and credentials of the company to be sure that the company that you are dealing with is a legitimate one. You do not fancy paying years of vintage car insurance premiums only to have the company disappear once you file a claim.

Many commercial car insurance companies are capable of also provide car insurance for an antique car. Also known as collector car insurance, these policies are tailored to the car you are attempting to insure. A representative will take all of your information and discuss different policy options with you to ensure that you are obtaining the coverage that you need. They will also help you to decide which types of coverage are within your target budget and which deductible and limit levels you will need.

Buying car insurance for an antique car through a commercial car insurance company will give the policy holder a peace of mind. The policy holder may as well have their everyday use cars insured with the same company. The protection of having an established company provide car insurance for an antique car is well worth the premium that they will charge you to provide insurance for your antique car.

When choosing an independent insurance company to provide car insurance for an antique car, be certain that the company is a reputable one. You do not want to discover that after months of paying the insurance premiums that the company will not or is not capable to pay your insurance claim.

Finding car insurance for an antique car although can be a lengthy and frustrating process, but the benefits of having insurance for the car far outweighs the initial hassle of finding the insurance. Many antique cars are worth many thousands of dollars and that is an immense loss if the car is ever stolen or totaled. Therefore having car insurance for an antique car may be the most valuable insurance that you ever purchase.

Superb hot-rod mayhem from the 1930s.

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By admin, July 13, 2010 1:13 pm

Many people find car insurance confusing – and as a result end up paying more than they should in a very competitive market. The monthly payments ? or premiums ? depend on several things – your level of cover, the company insuring you and how much of a risk the insurance company deems you to be.

The popularity of the internet has made it easier than ever to find, compare and choose car insurance on line. Most companies can give you a quote fairly quickly ? in general, it will take from between ten to twenty minutes to enter the required information into one of the online application forms. There’s also usually a free number to ring if you want to talk to a person.

Comparing car insurance quotes online

Obtaining car insurance quotes online is fairly straightforward – although there are some things you should keep in mind. Not all insurance companies will provide an instant quote on the screen in front of you; some companies may email the quote to you or ring you at a later date.

Some car owners don’t realise that even if their current policy isn’t up for renewal just yet, most insurance companies will allow a customer to cancel the policy, if they decide to switch insurance companies. In this case, you are generally entitled to a proportionate amount as a refund.

One way to easily compare car insurance rates and products is to use one of several web sites which offer comparison shopping. Two of the better sites are the aptly named
confused.com and moneysupermarket.com. Most sites compare the UK’s top insurance companies, including AA, Norwich Union and First Direct.

How to keep your premiums down

There are several ways you can reduce the cost of car insurance. Premiums are lower if you keep your car locked up in a garage overnight ? over 50% of cars are stolen at night. Otherwise, try to park in your driveway, rather than on the street ? this will also decrease the chance of vandalism.

Make sure you accurately report the mileage that you drive in a year ? don’t pay for too much mileage. A change in employment or lifestyle may mean less mileage ? many people don’t bother to change their car insurance details when this happens.

Having a car alarm or immobiliser installed in your car will also usually result in lower payments. An additional driver using the car may mean increased premiums. And of course, your past driving record also has a significant effect on the cost of your car insurance.

Basic car insurance policies

A recent ? and welcome – innovation in car insurance is the concept of so-called basic coverage, as offered by both Tesco and Norwich Union, in an effort to simplify the often confusing process. Basic coverage also allows car owners to take out adequate insurance without paying more than they need to.

Norwich Union’s product is appropriately named Simple Cover and is available online only. The product also eliminates some of the unnecessary extras that customers tend to unknowingly pay for. Another big difference is that the premium is payable in a yearly lump sum, rather than monthly.

Tesco value car insurance is also available online only ? even the application form is simpler ? and Tesco has taken some of the unnecessary extras out, which can increase the cost of premiums. For example, Tesco value car insurance doesn’t offer a replacement car for use during repairs, or cover a broken windscreen.

Shopping for car insurance online shouldn’t be difficult. With a little bit of research and the right list of web addresses, choosing the right car insurance can be easy and stress-free.