Posts Tagged ‘Insurance Car’
Insurance is generally something that you purchase in order to protect you and your family from the potential financial loss caused by a catastrophic event or serious illness.
But there are types of insurance that don’t really provide that peace of mind for you, that are not required, that cost more than you could ever benefit from, and that are best avoided.
Here are 3 types of insurance that you can “just say NO” to.
Life Insurance Sold By Credit Card Companies
Credit card companies will offer you insurance that pays off your credit card balances when you die. If you already have a life insurance policy, either obtained on your own or through your employer, that will do the same thing. Why pay the credit card companies a much higher premium for the same thing?
Rental Car Insurance
When you rent a car, they always ask you if you want auto insurance which will cover you if you are in an accident in the rental car. If you have your own auto insurance, you will most likely not need this. Check with your agent to be sure, but most policies cover you regardless of what car you are driving. Even if your regular policy only offers this coverage by adding a “rider” to your policy, the cost of the rider will most likely be much cheaper than paying the higher per-day charge that the rental agency will charge you.
There are a couple of exceptions to note. If the car rental is for business use, check to see if your employer’s business policy covers you. And if you will be driving outside of the US, your agent can tell you if you will require special coverage.
Unreasonably Low Deductibles
While this is not technically a “type” of insurance, it is an insurance expense that you can do without. A lot of people carry lower deductibles because of the peace of mind it gives them. But how many times do you really need this lower deductible? And nowadays, while you may be required to carry insurance, it is often detrimental if you actually use it!
So if filing a claim will jeopardize your insurance coverage, you may want to only file a claim that you really can’t handle. It makes much more sense to raise your deductible and “self-insure” for the smaller claims, using the savings from your lower premiums.
If you decide to increase your deductibles, be sure to put your saved premium dollars into a savings account so that you can pay for those losses that fall below your increased deductible amount.
Specialty-type coverages, like the ones mentioned here, can usually be covered with another good broad-based policy that you already have. And why are these speciality insurance polices more expensive? It costs more for the insurance companies to administer these policies … so guess who ends up paying for the extra costs?!
SadiePeterson
http://www.articlesbase.com/advice-articles/three-types-of-insurance-you-do-not-need-69508.html
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.
I’m 16, turning 17 this year living in Houston, TX
I have had my license since August of 2009 and Insurance twice from August to November I think, and from January I believe, until now.
I never had any accident, finished Driver’s Ed., and have 3.6 GPA.
I’m getting my own car now, and I’m looking for low price car with good reliability and low insurance cost. Which car and which insurance company would be the best for me? I’m looking for something cool, sporty. I can drive manual.
For whatever reason, every insurance company has a different matrix for their pricing, so if one company, say, Geico, is cheapest for a Nissan Sentra, another company like State Farm might be cheaper for the exact same driver, living in the same place, with a honda civic. Ultimately, shop around for the car, look for something a few years old, they will be cheaper to insure and buy, and then after you buy the car, shop around for auto insurance to see who gives the best rates. I don’t know how Texas is, but in Colorado, the GPA didn’t help with insurance for the company I went through in high school, so that’s something to ask about too. If you had a price range, it would be easier to answer this question, as far as what to look for. Also, generally speaking, something that is cool and sporty often has higher insurance rates than something that, well, isn’t. Also, get an idea of what fits your lifestyle. Do you have a lot of friends who would ride with you? If so, don’t look at a 2 seat or even a 2 door car, a 4 door will be more practical. It sucks after a while when you have to get up out of your own car to drop a couple friends off.
I wanna get a insurance for my car. it’s a 1995 Pontiac Firebird. I got my license when I was 18 and now I’m 21 and I have a clean record in state of California. I just need a cheap insurance. How much is it gonna cost me each month? Which one is the cheapest one?
At your age, driving a sports car you won’t find cheap. You can get the best for you by going to talk to an independent agent and letting him peruse his data base on your behalf.
Does anyone else smell a legal zoo bigger than the mythological Ark
Most health insurance companies do not pay medical bills if you are injured in an accident and there is applicable auto insurance that should cover the bills. Usually you see this with the ERISA plans (employer sponsor plans). Some private plans will step up and pay the bill….but ERISA plans usually don’t.
Even when the health insurance pays….they usually send a medical lien to the at fault drivers company. That means that the health insurance plan gets paid back for the money they paid out from the settlement proceeds.
For the at fault drivers who would not have coverage under their liability coverage…..they have to use their health insurance.
Auto insurance rates usually have to be approved by the insurance department of each state. These rates are pretty tightly regulated as it is.
I don’t see health care reform affecting auto insurance rates.
I am a safe driver. I’ve never had a car accident or ticket. As a consequence of my choices, I pay very low rates for car insurance. Other people I know have had accidents and many tickets, they pay a lot for car insurance. In this system, each person pays a different rate based on the consequences of their choices and actions. So what is wrong with this system? Why can’t we use the exact same system for health insurance? If I eat right, exercise, and wash my hands then I will rarely get ill and should pay very low insurance rates. My neighbor eats junk food, smokes, and never exercises, has lots of medical issues and will for as long as he lives, shouldn’t he pay a much higher rate for insurance? Why would anybody want a government system in which we will both pay the same rate? That is blatantly unfair to me since I make good choices and wont get sick as often. Furthermore, I have the choice of lots of different car insurance companies (Geico, Allstate, Nationwide, Progressive, etc.), this competition drives lower costs and better service. Why would I want to give up choice in favor of a monopoly? What is wrong with our car insurance system that somebody would not want the exact same system for our health care?
Health issues do not always arise based on the irresponsibility of the individual. A person could still get cancer from any number of factors, or suffer a life-threatening injury that requires immediate treatment, through no fault of their own.
There is one key difference between car insurance and health insurance: car insurance covers virtually everything, while health insurance is highly selective. If your car is significantly damaged in a wreck, one need not worry…even if the car is completely destroyed, you’re still covered. Your premium will rise a great deal, but you’re covered nonetheless. With private health insurance, companies that place financial interests over your health can severely limit your coverage options. They can deny you for treatments that they deem to expensive, unnecessary, or experimental.
The human body is a much more complex machine than any car…problems can occur at microscopic and undetectable levels, and unlike cars, some problems cannot be treated easily or even treated at all. All the diet and exercise in the world will not prevent, say, leukemia. And what about pre-existing conditions? If your car has something wrong with it before you buy it, you can simply return it for another one, free of charge. If there’s something wrong with you at birth, like sickle cell or diabetes, you can’t sue your mother, or your genes…and insurance companies can deny you on the basis of this condition.
But the bottom line is, people are not cars. Cars can be crafted to exact specifications, and their flaws are entirely the fault of the humans who build and operate them…which is not a real issue, as so many cars have such uniform parts that they can be replaced at any time…the entire vehicle can be replaced with an exact replica if necessary. But each of the hundreds of millions of humans in this country is distinct, fragile, and irreplaceable. We cannot simply replace a person’s DNA, or just remove cancer cells and put in healthy cells (yet…but of course those options fall under experimental treatments which insurance companies will not cover).
Car insurance theories cannot ethically be applied to human life. Keeping profits as a priority over vehicular health, another consumer product, is fine. But placing profit over human health is where society should draw the line.
ok so im looking to get a car i have the money but for the sake of my parents they want me to get a low insurance car since i will be on there insurance and i was wondering if any one out there knew anything out how much a 85-90 Mazda RX-7 would cost me in insurance???!?!?!?!?!
I would say you will pay $75.26
i need a car that will b a good first car for a 16 year old male. it has to be reliable, safe, low cost, and has to have low insurance. any suggestions?
Call an insurance agent and ask. They can tell you.
I have the opportunity to take over payments on a car. Since the title is not in my name, how can I get auto insurance for this car until the title is transferred into my name? I’d heard there is a form that the owner can sign that verifies that I will be the only one driving this vehicle. Any suggestions would be helpful.
you should be able to get insurance anyway. They go by vin and your info not by who owns it. Try this site to find the best auto car insurance
http://saveautoinsurances.blogspot.com/
Here you can get quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.
I have a 1999 Hyundai Tiburon and it has 150,000 miles. It’s paid for now and I’m paying about $700 6 months full coverage. Is there certain things I should lower the coverage cost?
Let’s look at a few things:
Wholesale value: $1700
Sell it in newspaper $3300.
Dealer sell identical car $5000.
Let’s now assume that the car is paid for, and you have a $500 deductible should something happen to the car and it is a total loss. You’ll get $1200 from your insurance company for the car.
That basically means you are paying $1400 a year to insure a car that the insurance company is only going to give you $1200 on in the case of a total loss.
Making sense to you? Me either.
If your car isn’t paid for, you can reduce your payment by increasing the deductibles. If your car is paid for, consider getting the minimum coverage the law in your state allows and the maximum deductibles. This is also assuming you have the means to get another car should you lose this one.
Car planning to purchase: 2004/2005 Acura TL.
Any low cost insurance companies I could go with? Thanks.
A friend told me about this company with a funny name – Wawanesa Insurance. I’ve had this insurance for 15 years and have received wonderful service (was hit twice), and no one can beat their rates. Give them a call at 800-438-4300. ☺
I am renewing my auto insurance. I have a car with all kinds of great features like leather seats, upgraded stereo, sunroof, etc. Is there some way to insure it so if it gets totaled, I can buy a car of equal quality? Should I even get full coverage?
Thanks.
You need to get what’s called "Comprehensive" insurance and also what’s called "gap insurance" and that should cover it all.
okk well i’m 19 yrs old and i’ve had my license for about year but i don’t own a car. so i was wondering how much would my insurance be and how can i lower the insurance cost?
and what car should i consider buying?
It’ll cost probably $140 to $250 depending on various factors.
Get a small engined car for top savings both on gas/insurance.
It’s free to get car insurance prices here
http://www.comparecheapmotorinsurance.solutionsarticles.com/autocompare.php?id=ap3
Many would consider auto insurance as an added financial burden. And who would not ? Imagine paying for something that you are not sure if you will ever going to use. The worst thing is, auto insurance is not the product you can choose not to buy.
However, this is not to say that auto insurance is a total financial burden. It only says that there are products like auto insurance that the government imposes you to buy for your own sake even though you do not really like it. Nonetheless, you cannot do anything about it anymore and have to accept it as it should be.
Anyway, if you are ready to buy your next car insurance policy or ready your first car insurance policy, consider buying online. Why? Let us count the reasons…
As stated above, car insurance can be a burden primarily because of its cost. But would it be nice to know that you can certainly lower your car insurance cost using online resources?
Car insurance cost is influenced by many factors. The thing is there are factors you can change in order to lower the cost of your premium. Your car insurance broker may reveal the different ways on how to get cheap car insurance. But, it is always better to know this yourself? And you will know everything you need online.
Whether you are just inquiring or ready to buy your car insurance online, you can be sure that you get price quotes instantly. There are several auto insurance companies that offer free car insurance quotes. Five to ten minutes on each site will give you instant price quotes you need. This speed is not possible if you are doing it the traditional way.
Comparing these quotes will give you the edge on choosing which one is the cheapest (if you are after the price) and which one is the best (if you are after the quality of coverage being offered). You don’t have to wait for several hours, even days, to get a reply via mail. Within seconds, your quotes are already on your screen.
Furthermore, the internet can let you shop from several car insurance companies without leaving your home. It’s simple: you don’t waste your time and energy just to visit and inquire at different car insurance offices scattered across your state. Of course, that is not all. You can also get the ratings of these companies which are essential in your selection process. Here, you can differentiate those that give the right claims and those that are don’t.
You surely can remember the times when you have to pickup your heavy yellow pages and look for specific names for several minutes. Well, that is long been over with the revolution of the internet. You can now easily search for a particular company fast and easy.
Car insurance shopping may be very complicated for some. It may be very complicated for you too. But with the help of the internet, you surely eliminate the hustle of searching, calling, visiting and negotiating with different car insurance companies. Everything you need to know is online.
Think of it this way: you are the shopper; the internet is your car insurance shopping mall and information center you can easily access right at your very fingertips.
Anthony S.
http://www.articlesbase.com/automotive-articles/why-you-should-consider-buying-your-auto-insurance-online-88238.html