Category Archives: Low Cost Car Insurance

Choices for Cheap Auto Insurance in California

  By John | April 15, 2010 - 10:01 pm | Low Cost Car Insurance
3 Comments

Everything is expensive in California. The overall cost of living is quite high in comparison to many other locations. State minimums on car insurance coverage in California are higher than they are elsewhere. These two factors combine to create very high insurance premiums throughout the state. Nonetheless, while rates may be higher in California , there are many ways to save significantly.

Drivers in California should follow every available general suggestion on ways to minimize their insurance premiums. They should also shop around carefully, as rates can vary dramatically from one company to another. One reason for this is that California law allows insurers to charge based on previous payouts. If for whatever reason your insurer has paid an unusual number of claims, then your rates may be affected.

If you are in the market for reasonably priced car insurance in California, begin by determining which coverages you actually need. Many insurance companies have their own in-house minimums, which may be significantly higher than the state-mandated requirements. Check with the state to determine exactly what is required and insist that the insurance company begin with those numbers. Additional coverage will be determined by many factors including the value of your car, whether you are making payments and your financial resources.

Maintaining a clean driving record is the single biggest factor in keeping your insurance rates low. Safe driver bonuses are plentiful but may require a perfect record. Other discounts are available for full time students, members of various organizations, retirees and others. Make sure that you are taking advantage of every possible discount or bonus.

Buying auto insurance online can result in significant savings by avoiding the middleman. Companies such as esurance.com will allow you to compare auto insurance plans from competing companies side by side. Be sure that you compare identical products in terms of deductible, coverage and any additional products.

Consider a higher deductible. If you are a good driver with a low risk of accidents then it may be better to pay a higher deductible should an accident occur, as opposed to a high monthly premium. Before making this decision examine your budget to determine whether the money would be available to pay the deductible if needed.

Check insurance rates before buying a new car. Vehicles are classified by group and certain groups such as sports cars cost significantly more to insure. Your driving record also plays a part, meaning that young drivers of sports cars will pay much more than both young drivers with other cars and older drivers with good records who own sports cars.

Truly cheap car insurance is difficult or impossible to find in California. However a bit of persistence can pay off in significant savings. Shop around, drop unnecessary coverages and be sure that you are getting all applicable discounts. You will be able to find insurance that will fit your budget while meeting your needs.

Levi Quinn
http://www.articlesbase.com/insurance-articles/choices-for-cheap-auto-insurance-in-california-109299.html

Getting Low Cost Car Insurance

  By John | April 15, 2010 - 7:41 am | Low Cost Car Insurance
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Getting Low Cost Car Insurance

There are a lot of people on the road right now that are driving without any sort of car insurance coverage. This is a big problem because if they cause an accident, there is no one to pay for the repairs of the other person’s property.

While some people say, well, it then just falls onto the shoulders of the driver without insurance, it is simply not that easy. More than likely, if the driver did not have the money for car insurance, they are not going to have to money to pay for repairs to another person’s property such as their car or a fence they ran into. This is not to mention if they hurt someone and there are medical bills to be paid and lost wages to consider.

Those people driving without insurance may feel that they do not have any other choice and that they try to be safe. They will say that if they could afford car insurance, or if they could find low cost car insurance, that they would be covered. But the fact is, if you cannot afford insurance at all, then you cannot afford to drive a car.

To be realistic, people can afford what they want and what is important to them, in most cases. There are low cost car insurance policies out there that they could afford if they made some changes in their spending habits. If someone is smoking or drinking then they should cut down on those in order to pay for their insurance. While that is an example of how people could make changes, it is hard to get people to really do it.

Finding the Right Policy

Maybe people did try to call and get a quote from somewhere and was given something that was completely out of their reach. If they were not focused on actually having low cost car insurance, they may have just given up at that point stating that there is nothing out there that they can afford. But something that too many people forget to remember is that every insurance company can charge a different rate. It is not a set price across the board so all a person has to do to find low cost car insurance is to keep calling around. With enough effort and dedication to the job, it can be done and then everyone will be safe.

Also, if we all would start paying better attention to advertisements, we will see that there are a few companies out there whose whole goal is to attract the attention of those who need low cost car insurance. Whether it is because of money, because their credit is bad, or because they have had a few bumps in their driving record, these companies are offering up low cost car insurance. All someone has to do is pick up the phone and call. If an uninsured driver is not doing everything possible to find themselves a low cost car insurance policy then they never really cared to have a policy in the first place.

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Is a Non-owner Automobile Insurance Policy Correct for You

  By John | April 13, 2010 - 9:01 pm | Low Cost Car Insurance
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By Jospeh Welusz

With the cost of gas on the rise again, a lot of people are on the look out for better ways of commuting more than ever, more commuters are starting to car pool or use public transit. Many urbanites rely only on public transit and taxis to get around throughout the city; when they go on longer trips they rent cars. There are now at least 20 US cities where car-sharing clubs have been started. If you’re a club member you can rent a club owned car hourly. This gives people who seldomly need a car access to a vehicle without having to buy, maintain or store one while living in the city.

This is great until something happens. What are the consequences if you have an accident while using one of these vehicles? Who will be the responsible party to pay for injuries or damage?

You will most likely think that the club has insurance to pay for any accidents that occur, and it’s
possible. Although, you might not want to rely on the club’s insurance:

* It’s out of your control if the club is late with a payment and unknowingly has no coverage.
* Your particular vehicle may not be covered under the policy if it was not on the original policy. You have no guarantee that the club’s policy will automatically cover a newly acquired automobile.
* A policy condition may be ignored by the club, giving the insurance company amble reason to deny the claim.
* The policy itself may not include coverage to you for this particular type of loss.
* The policy may have low limits possibly to low to fully cover the loss.

As a car club member you most likely have no control over the amount and/or terms of the club’s insurance policy, nor will you have any say if claim arises. These same issues come up if you rent a car or borrow a friends. As odd as it may sound, you should think about purchasing your own Discount Car Insurance policy.

There are special Non-owners policies you can purchase from most well known insurance companies. This type of policy provides auto coverage to specifically named persons in the policy when they use an automobile they don’t personally own.

If you own a vehicle and have a policy this coverage is already added in for you, but if you don’t own a vehicle you will need to purchase this special coverage. The policy will include the following coverages for named individuals:

* Coverage for Liability (injuries or property damage)
* Medical Payment Coverage
* Uninsured or Underinsured Motorists Coverage

Every state offers their own coverage requirements, so be sure to ask your insurance agent when getting Free Insurance Quotes about this coverage in your area. If you happen to purchase an automobile, the policy will provide these coverages automatically for up to 2 weeks.

It’s critical that you know the insurance this policy offer only goes into effect after the vehicle owner’s coverage is exhausted. Also remember only specifically named persons are covered not all family members unless they are specifically named on the policy. This policy does not include any type of coverage for damage to the vehicle you are driving. When you speak with your insurance agent they can explain all the options available. Since this type of policy only offers limited coverage the cost may be considerably inexpensive.

Driving a vehicle always puts you at risk, whether you borrow, rent or own the Vehicle. Make sure you have the coverage in place encase of a large financial liability loss.

Joseph Welusz
http://www.articlesbase.com/insurance-articles/is-a-nonowner-automobile-insurance-policy-correct-for-you-748124.html

Finding Cheap Auto Insurance In California

  By John | April 11, 2010 - 5:51 pm | Low Cost Car Insurance
4 Comments

The state of California is known for its high prices. The cost of living in general is much higher than the cost of living in many other locations. California also requires relatively high levels of auto insurance coverage to be carried, resulting in extremely high insurance premiums. While car insurance rates will always be higher in California than in many other areas, a bit of persistence can result in a significant savings.

If you are looking for car insurance in California, be sure to look for and follow general money-saving suggestions on the internet and in consumer magazines. Be sure to shop around carefully as well, as insurance rates may vary immensely from one provider to the next. California insurance companies are permitted to charge based on how much they have paid out in general. Therefore, you may find yourself penalized for someone else’s accidents.

Make sure that you are aware of the current California state minimum requirements for insurance coverage levels. Many companies have their own in-house minimums which may be much higher. If you are insuring an old low-value car, you may not need insurance beyond the state requirements, so insist that the company give you this quote. Additional coverage may be necessary depending on your financial resources and whether your car is financed.

Discounts are available for groups ranging from retirees to full time students. The best bonuses go to Safe Drivers. Maintaining a clean driving record is the number one thing that you can do to keep your rates as low as possible. Ask your insurance agent whether you qualify for any additional bonuses.

Buy your insurance online. Companies such as esurance.com offer comparison shopping between many different policies. Their rates are often lower because there is no middleman insurance agent drawing a commission. Be sure that you are comparing identical plans in terms of deductible, coverage and added insurance products.

If you have the financial resources, consider raising your deductible. Good drivers who are unlikely to have an accident can save significantly on their monthly payments simply by raising their deductibles. Just keep in mind that you will need to be able to afford the deductible if something does happen.

Remember that cars are classified into groups, and certain groups are more expensive to insure. Your driving record will also play a part. Young drivers will pay more to insure sports cars than other types of cars and more to insure sports cars than will older drivers with good records. Check into insurance rates for a car you are considering.

While car insurance rates remain high in California and truly cheap car insurance may not exist, it is possible to find insurance that is not outlandishly expensive. Shop around, look for discounts, raise your deductible and drop unneeded coverages. In this way you can find insurance that will cover your needs without breaking your monthly budget.

Levi Quinn
http://www.articlesbase.com/finance-articles/finding-cheap-auto-insurance-in-california-111477.html

I need insurance on my car and need to keep the cost low as possible?

  By John | April 10, 2010 - 10:42 am | Low Cost Car Insurance
3 Comments

Will it be ok to cut out the no claims protection or is this a must, I have over ten years, is there any other way to keep it low.

Thanks

You only need one claim to realise the value of no claims protection.
It’s your choice.
Personally I would pay it.
Shop around on the internet for the best prices.

The Cost of Poor Credit

  By John | April 9, 2010 - 9:06 pm | Low Cost Car Insurance
13 Comments

Millions of Americans have credit reports that reflect a less than ideal credit history. If you fall into this category, you’ll soon find that the cost of poor credit can penetrate deeply into your life. You may not be able to qualify for a small personal loan, secured credit card or computer loan. And it doesn’t end there. Lenders, employers, landlords, insurance companies, and other organizations often look at your credit report in order to evaluate your financial status.

Your credit worthiness is reflected by how well you manage debt and how often you make on-time payments. Every time you apply for credit to purchase high-value items such as a house or car, your credit history gets thoroughly reviewed. Most financial institutions consider your credit scores as a benchmark to determine credit worthiness. They take this figure seriously, and it is often the most significant factor in their decision-making process.

If you have a poor credit history or a low credit rating, a business may deny you the credit you request. Bad credit scores can take away your chances of getting approved for a mortgage, car loan, personal loan, or even a credit card. If you are able to get a loan, you may have to accept unfavorable terms and conditions. Some credit card companies might issue you a card, but only grant you a small spending limit.

When lenders take on customers with lower credit ratings, they often charge higher interest rates. This is done in order to compensate for the higher risk a borrower holds on account of failing to pay monthly installments, late payments, or defaulting entirely. Additionally, lower credit scores may result in a tight payment schedule.

The lending industry charges different rates, based on the health of your credit score. From credit cards to mortgage loans, people with poor credit end up paying much more over time than those with outstanding credit. Let’s consider a few examples of the cost of bad credit with respect to various products.

Mortgage Loans

A mortgage often involves a large amount of money, so even a 0.5 percent interest rate variation can become significant. You could end up paying around $5,000 more on a 15-year mortgage, for instance.

Auto Loans

The rate you’ll receive on a car loan can vary greatly, depending on your credit rating. Say two people apply for a loan of $18,000 to purchase identical cars from the same dealer, and plan to repay the loan in 3 years. The only difference is their credit rating: Person X has excellent credit, while Person Y has bad credit. Person Y will attract a higher interest rate. The monthly installment and total payout for Person X might be $532.07 and $19,154.52, respectively. However, Person Y’s monthly installment and total payout could come out to be $677.69 (145.62 more than Person X) and $24,396.84, respectively. So the person with bad credit will pay approximately $5,242 more for the very same car.

Even if your credit is not terribly low and you qualify for a loan of 13 percent, you would pay approximately $2,679 more for the same car purchase by Person X.

Credit Cards

When customers with excellent credit ratings apply online for a credit card, they are usually approved for the card within minutes. They might receive an attractive interest rate, such as 9 percent, and have no annual fee.

Those with poor credit, however, will face more difficulties in the process. It may be hard to get their application approved of, and even then a high interest rate might be attached. Receiving a rate between 19 and 24 percent is common. An annual fee ranging from $200 to $450 may also be included. The magnitude of the extra cost would depend on the monthly balance carried. Overall, however, the person with bad credit will often end up paying at least twice as much as the person with good credit.

The above examples are just a few of the many ways that bad credit can cost you. In reality, the cost difference between good and poor credit can be even greater. More so, the cost of repairing bad credit also tends to be expensive. Think about it: can you really afford to keep your eyes off of your credit score?

Stephanie Andrews
http://www.articlesbase.com/finance-articles/the-cost-of-poor-credit-707963.html

(Low Cost Car Insurance) How To Find CHEAP Auto Insurance

  By John | April 7, 2010 - 4:33 am | Low Cost Car Insurance
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http://www.CheaperAutoInsuranceRates.com
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Cheap Car Insurance Quotes provided by Motor Insurance Companies Car Insurance: It is what we are

  By John | April 5, 2010 - 6:08 am | Low Cost Car Insurance
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If drivers who have taken a drivers education or safety course have fewer accidents, an insurer may discount that. Likewise, some cars are cheaper to repair, or do not get involved in high claims accidents. Those vehicles will cost less to insure. Insurance companies try to use their past experience to predict the future risk of a particular applicant. Car insurers also offer price brreaks for some things that save them money. If you combine more than one policy, they have not had to spend as many marketing dollars to get the business. So a company may offer a discount for multi-policy families. You may insure multiple cars or you may insure a home and a car to take advantage of this price cut. Again,, with so many factors that can affect your car insurance, it pays to compare. Use online quote forms, and the power of the internet, to save money and time on your policy! to learn more about all types of insurance we cater please visit our website at GetSafeInsurance.com

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Do I Need Gap Protection For My Car Loan ?

  By John | April 3, 2010 - 8:08 pm | Low Cost Car Insurance
5 Comments

Do you realize how much you are at risk financially if you wreck your car or it gets stolen? Your auto insurance policy might not provide all the financial protection you need, if the value of your car is less than the balance of your auto loan. Gap coverage is designed to cover the difference between the value of your car when it was lost and the balance of your car loan.

This is also called Negative Equity. Having to continue to pay off your car loan every month, when you don’t even have your car anymore is probably not what you had in mind when you bought it.

Let’s say you lost your car in a hurricane or other disaster, one year after you purchased your car: Now let’s say you still owe $20,000 on your auto loan and your deductible is $500. Let’s also say your car was worth $15,000 at the time you lost it. The insurance company pays you $14,500. Then your Negative Equity or Gap is $5,500.

Gap Protection isn’t really insurance, it’s a Debt Cancellation Agreement. You could call it a waiver of the part of your auto loan contract that requires you to pay the difference between the value of your car and the amount still owed on your car loan. There are a few states that do consider Gap Protection a form of insurance, but most states do not.

Is Gap Protection for you? Talk to the person considering your auto loan. Car buyers who are putting little or no money down on a car may need Gap Protection. If you are transferring the balance of previous car loans into the current car loan or taking out an extended car loan like a 60 month loan you may need the extra protection. Any car buyer who will owe more than their car is worth needs Gap Protection.

You have to take figure out the expected depreciation on the car you are buying and the rate of equity accumulation through your auto loan. This will help you figure how big a gap you’ll have and for how long.

Some lenders or leasing companies include the coverage in the agreement for the their own protection. This is common in lease contracts. The decision to buy gap coverage is easy. Deciding who to buy it from is much more difficult.

You can get Gap Coverage for your car loan from your Credit Union or another lender, online sellers of gap protection, or your auto insurance company. Each option is different, so read on before you decide on an option.

On the Internet, it’s easy to explore these options. You can do a search for the information there or go to your favorite search engine like google or yahoo and use the keywords “gap protection” or “auto loan gap coverage”. Make sure that you check out any company you find on the web before you give them your credit card information. You don’t want to end up with a provider that won’t be there to help you cover the gap in your car loan if something happens.

Your Auto Insurance Carrier: Not all insurance companies carry gap protection for your car loan. Check with your agent. Check to see if they already included gap protection in your car loan and how much coverage they gave you. You may need more than they offer. The cost of gap protection is relative to the value of your car. The more expensive the car, the more it will cost, and the more coverage you need.

Also, very important to keep in mind. Your insurance company or other provider will continue to bill you for gap protection every month. It’s up to you to calculate and decide when you no longer need it. In other words you need to know when you will be out of the hole. You need to know when there is no longer a gap between the value of your car and the amount you owe on your car loan.

The Automobile Dealer or whoever gave you your car loan is another source for buying gap protection. This is done at the time you get your car loan so bring it up right away if you choose this option. Some lenders may let you purchase it later, but it’s best if you buy it when getting your loan. As soon as you drive the car off the lot, it becomes a used car.

The cost is normally a one-time charge, typically the same set price for all customers buying the same coverage. Buyers may roll the fee into the total loan amount and include it in the monthly loan payments. Dealerships usually do not have the best rate for gap protection. You may want to choose another option. The average price for gap protection through auto dealers is about $500. You may be able to get the same protection for your car loan through your credit union or bank for as low as $250.

Make sure your gap protection also covers the deductible. Look for other features such as automobile replacement or money towards a new car in the event something happens. So don’t let just price be your guide when choosing who to buy gap protection from.

Greg Lucas
http://www.articlesbase.com/automotive-articles/do-i-need-gap-protection-for-my-car-loan–106498.html