How To Effectively Compare Car Insurance Rates

Car insurance is a must if you are legally driving and these days, it can be quite a challenge to pick the best car insurance for you. And though it is a common strategy to compare the rates of different insurance companies, not everyone knows how to effectively do this. For you to be able to effectively compare car insurance rates, you should employ the following strategies: Get Three Quotes Insurance rates these days are very competitive and it is not surprising to see insurance … Read more

Reasons to Change Auto Insurance Companies

It can be possible that you have been with a insurance company for more than five years and don’t really change insurance companies for whatever reason. However, there are actually a lot of reasons why you should change them, but these reasons can sometimes be unnoticeable because of the convenience of having the same agent or because you have availed of automatic payment setups. You might be paying more for something you do not actually need. Change of address Unless your insurance company can provide insurance … Read more

Auto Insurance Lapsed? Here’s What You Should Do

The importance of getting an insurance policy cannot be overemphasized. It is mandatory, required by law, with consequences and penalties, depending on the circumstances. It is required for anticipatory reasons: when you incur damage in an event of a mishap or accident, the insurance coverage can answer for your liabilities. It also manages to keep your savings intact. If you get involved in an accident without insurance, it can wipe out your bank account and attach your properties if you do not have enough money … Read more

Pros and Cons of Combining Coverage on Homeowners and Auto Insurance

First, to avoid confusion, a homeowners and auto insurance in one policy is not possible. The combination or “bundling” as some call, just means that both auto and home insurance policies will be procured from the same insurance company. Know the pros and cons of combining or “bundling” your insurance coverage. PROS Save money, of course Insurance companies offer discounts which are 5%-20% off the insurance policy if you get both the homeowners and auto insurance from them. While others may not give out discounts, they compensate … Read more

How Do Auto Insurance Deductibles Work?

For those who are not familiar with the term auto insurance deductibles; deductibles refer to the amount of money you pay out of your wallet before your auto insurance coverage take into effect. Insurance companies require policy holders to pay a certain amount depending on their contract before the policy holder can take advantage of their insurance. By knowing the amount that you can comfortably pay when accidents happen, you will be able to determine the right car insurance for you. Defining a Deductible Payment … Read more

Auto Insurance Endorsement

There will come a point that your auto insurance needs or your financial situation may change which will force or require you to make changes on your existing auto insurance policy. And this is where auto insurance endorsement comes in. Basically, an auto insurance endorsement refers to the changes that you may want to do on your existing auto insurance coverage policy. These changes can be to expand it or to restrict coverage with the former giving you more benefits but getting you higher premium … Read more

When Should I Assume Higher Risk With Auto Insurance?

Assuming a higher risk with respect to your auto insurance depends on your choices and your current situation. Just because you have money in the bank or you are tightening belts during the rainy days does not mean that you have to opt for a higher risk with auto insurance or opt for a lower one. You would be surprised to know that choosing to assume a higher risk does not entirely depend on how much money you have on hand or how broke you … Read more

Late Auto Insurance Payments: Penalties and Effects

Somebody should have told you that insurance companies are impression-based. You must not take it personally because providing insurance to the public is a business. The list below will tell you not only the penalties but also the repercussions of late auto insurance payments. Cancellation due to non-payment The insurance company may have to cancel your policy when you do not pay on time. While life insurance policies usually have a grace period, not all auto insurance companies allow a grace period within which you … Read more

Reminders When Adding Cars to Your Car Insurance

A newly acquired car in addition to your old one would mean a need for a new car insurance coverage. Adding a car to your auto insurance policy can prove to be more economical than getting a separate insurance policy for your newly acquired automobile. Car insurance companies offer discounts for covering more cars in a policy to attract more business and customers. Below are some helpful reminders when adding a car to your auto insurance policy. Prepare the information you need To be systematic … Read more

Tips For The Best Car Insurance Quote

It is always advisable to get car insurance when you own a car regardless if you use it to travel a lot or when you are driving from home to work and back. These days, there are countless car insurance companies out there and it can be challenging to pick the one that can give you the best deal. There are a number of things to consider when it comes to getting the best car insurance quote. Car Size Light weight cars are more likely … Read more