Posts Tagged ‘Insurance Costs’
Up to 73,000 novice disqualified could have illegally returned to driving over the past 10 years says a recently published report.
Since the New Drivers Act was introduced in 1997, 160,000 novice drivers have been banned – and eight out of ten of these are aged under 24. This Act automatically cancels the licences of drivers after they have gained 6 or more penalty points on their licence within the first two year after passing their driving test. The strange thing is that government figures show that of these drivers, only about 50% of them have subsequently retaken and passed their driving test.
The fear is that many of these drivers have quietly returned to driving illegally without a licence. And experience shows that those who drive without a licence are also highly likely to be driving without road tax or car insurance. And it is precisely this category of drivers who have the accident rates. They have more, and more serious accidents, than any other drivers.
Who ends up paying for these accidents? Law abiding drivers! Two million drivers are thought to be on our roads without insurance. Within the average monthly premium, £30 is costed in to pay out for accidents involving uninsured drivers. So make no mistake, law abiding drivers pay for the destruction caused by uninsured drivers.
These findings have so distressed Government Ministers that they have commissioned a review of how the law is operating. It is almost certain that changes will be made to the law to plug the loophole and introduce new ideas to encourage novice drivers to drive safely and within the law.
In 2006 the average fine for driving without a licence was £71 but bearing in mind that the cost of taking the driving test in an evening or at the weekend, is £67, the fines are remarkably low. Add to this that many of these drivers are avoiding road tax and car insurance.
Surely, fines and detection rates must be increased. Disqualified drivers cannot be identified by speed cameras and if they are driving normally it is unlikely that they will attract the attention of traffic police.
The Driving Standards Agency agrees that the law is not working as intended. When it was introduced, the New Drivers Act was designed to promote safe and responsible novice drivers whist they gain experience on the road.
The Department for Transport acknowledge this saying “The Government take the safety issues linked to novice drivers very seriously. We have already announced a fundamental overhaul of the existing testing and training system. There is absolutely no excuse for people driving without a valid licence.”
We agree but words on paper are fine only if backed up with higher detection rates and far higher fines and sentences for those caught transgressing. We suspect that the Government will implement changes to the law, but we have little confidence that the necessary support from the police and judiciary will follow. So please do not expect any reductions in your car insurance premiums!
car-insurance-beetle.co.uk is a specialist in Car insurance offering fantastic deals and truly impressive information surrounding insurance. Remember to visit our site, www.car-insurance-beetle.co.uk.
Michael Challiner
http://www.articlesbase.com/insurance-articles/young-disqualified-drivers-push-up-car-insurance-costs-for-all-679677.html
Insurance rates continue to climb as disasters such as floods, wildfires, and hurricanes are factored in. Rate increases that are double, even triple the cost of living are common, putting added pressure on cash strapped families everywhere. Fortunately, you can get a handle on your insurance costs by following these important money saving tips.
Combine Various Policies. If you own a home and you own a vehicle then buy your insurance from the same insurance business. Some insurance companies recompense customers who choose to package their various insurance policies, by offering discounts as high as ten or fifteen percent.
Refrain From Poor Habits. Smoking, drinking, taking illicit drugs can work against you. If you live “clean” make certain your insurance broker knows this. Your rate will be reduced correspondingly with your good health report.
Reduce Your Deductibles. Maybe a $200 home insurance deduction is too low. If you can manage a deductible of $500 or $1000 you can significantly reduce your premium. You’ll pay more if a situation arises, but how often do you file a claim anyway?
Cover Your Small Losses. If you are considering what will likely be a small claim, give thought to not submitting this information to the insurance company. Claims made by you, whether small or large, can push up your rates or even cause your policy to be cancelled.
Special Discounts. Depending on your age, driving record, even your credit score, there are special discounts you can take that will reduce your premiums. If you aren’t receiving discounts…ask!
Scrutinize Your Policy. Every policy is correct, isn’t it? Don’t bet on it! A wrong zip code could have your insurer thinking that you live on the wrong side of the tracks…literally! Rates can fluctuate from neighborhood to neighborhood; make certain that your rates are in line with what your neighbors pay.
Pay It All Now. Save on your premiums by paying the entire invoice up front instead of monthly or quarterly. Insurers will add on an extra fee to your premium if you choose to spread out your payments over time.
You could also save yourself money by staying with one insurer as most will reward regular customers with loyalty discounts. Furthermore, it could benefit you to have an alarm installed in your car or in your home, especially if you reside in a high crime area or visit neighborhoods where your car could be vandalized.
Adamheist
http://www.articlesbase.com/business-articles/save-big-bucks-on-insurance-78786.html
Wouldn’t you love to get your car insurance at bargain rates? There are a number of proven ways to cut your premiums and, whilst most of them are no secret, many of us neglect to put them into practice. You just have to know what to do and where to go and your premiums could tumble.
Cutting the cost of your car insurance is more important than ever these days. According to the AA’s British Insurance Premium Index, the average annual comprehensive motor insurance premium is running about £822 annually. That’s it’s highest rate ever. But you can cut your car insurance premium in half if you shop around carefully and pay attention to a few little factors that can raise or lower your car insurance costs.
1. Shop around.
Shopping around is the key to getting the best possible rate on your car insurance. Whether you’re buying cover for the first time or renewing your existing policy, you should check insurance comparison sites to find the best possible deals. Ask for quotes from a number of different insurance providers – but be sure that you check the same options with each provider so that you are comparing like with like.
2. Get quotes from an insurance broker.
Insurance brokers represent many different insurers, so when you work through a broker, you can check prices from a range of insurers at the same time. Do keep in mind, though, that your insurance broker has an agenda as well – and will only tell you about the insurance providers that he or she represents.
3. Buy directly from the insurer.
When you cut out the middleman, you’ll save because there’s one less cut to be taken out of the pie. One way to benefit from both the variety offered by an insurance broker is to check quotes through a broker and then get a direct quote from the insurer’s web site.
4. Check multiple quotes through an insurance comparison site.
There are two kinds of insurance comparison sites. One is a broker site, where many insurers are represented and the web site owner gets a commission for each referral to an insurance company. The other type is the independent price comparison search engine which offers honest comparisons and reviews. You can apply for quotes online both through the broker site and at the insurer’s own web site and decide which offers you the best deal.
5. Get quotes for no-frills and internet-only car insurance
If you want comprehensive car insurance but are not bothered about all of the optional extras included in many policies, you could save money with simple, no-frills cover. These offer all the comprehensive cover basics to keep you on the road but cut out some of the options many drivers never use to save you money. You could also cut your premiums by using internet-only insurers who keep their overheads low by only selling and administering their policies online. They claim that these savings are passed onto the customer in lower premiums. Again, the key is to shop around and confirm these claims for yourself.
6. Buy your insurance online – but not before double-checking your quote on the phone or in person.
Buying online will typically save you 10% to 20% on your premium, but it’s not a hard and fast rule. Be sure to check with the insurer directly as well though.
Shopping around can really pay off but, keep in mind that there are other things you can do to cut your premiums as well. The top five tips for reducing your car insurance premium in addition to shopping around for the best deal are:
1. Reduce the number of miles you drive annually.
2. Add your partner to your policy.
3. Avoid making claims for small accidents.
4. Pay for your insurance annually.
5. Take an advanced driving course.
Simon Christopher
http://www.articlesbase.com/finance-articles/secrets-of-cheaper-car-insurance-326052.html
What are some faster cars available in the UK which have relatively low insurance costs.
I am 20 years old so cars such as Imprezas where the insurance is 4000+ is too much.
Are there any cars in the 1500-2000 insurance cost (3rd party fire and theft) which are usually cheaper to insure?
Thanks
Hi,
The Ford Focus ZX3 and ZX5 are sporty, have 5 speeds and handle great. Plus, they are known for being fast and are good on gas. Great economy car but age appropriate. You can get in that price range and they are inexpensive to insure. I have owned both and loved them!
Hope this helps.
Because of the fact that data show that female drivers are much safe than male drivers, it is lot easier for them to low their Car Insurance rates. Below are some of the factors that influence car insurance cost for a female driver:
To have a job which has less life-threatening risks will definitely help in lowering the car insurance costs for the female driver. Therefore, do not forget to state this into your car insurance carrier if you have inactive office work to gain more discounts.
The age of fifty or more for women brings the car insurance with more discounts. This is because of the research that shows that women over fifty lean to have smaller number of claims than women of ages below fifty years. But if a woman is senior citizen, then she can further reduce her car insurance rates since they are already qualified for senior citizen discounts.
Usually, drivers of urban areas are measured as high risk drivers for the reason that there is a higher possibility for vehicular accidents to take place in urban areas than in rural areas. Hence, female drivers who live in rural areas will contract lower car insurance rates. And if you are a female driver who had moved from the urban to the suburbs or to the rural areas, then you can inquire for lower car insurance rates.
If your car insurance company also provides other kinds of insurance policies, like homeowner’s insurance policy, chances are that you could get lower rates on your car insurance premium if you purchase their other services. This is really advisable because, normally, buying different kinds of insurance policies from diverse companies would in fact make you pay more.
Finally, your car’s mileage as well affects the rate of your car insurance policy. If your car’s mileage is below your car insurance company’s limit, then you will get additional discounts. This is because of the fact the lesser you drive, the fewer risks of accident you’ll have, but the condition is that your car should be in good state for a longer period of time.
Therefore, take note of all these factors if you are a women driver. The facts that are explained in above points will definitely help you in lowering your car insurance rates. Get benefit of all these discounts before it’s too late.
Alien
http://www.articlesbase.com/insurance-articles/how-female-drivers-can-get-discount-on-car-insurance-692233.html
Im thinking about getting a car in insurance group 3 because there are no other cars around my area that are in a lower insurance group that I like, I was just wondering if anybody knows what the general cost of the insurance in this group is?
i know it will vary depending on circumstances such as age and experience etc but whats an average quote from this group, just so i have an idea of how much it will cost me per month
its around £300 per year depending on your personal criteria, compare it at theycompare.co.uk, confused.com
Health insurance has been a topic of conversation on YA. Many support it, many are against it.
Currently the insurance industry is one of the most government regulated institutions in the USA. Their are federal and state laws that govern health insurance and make it a buracratic nightmare.
Our current auto insurance system allows for competition between companies on a national level. Keeping our insurance costs lows. If I leave my job, my car insurance stays with me.
Current regulations state that I must have a job to be offered health insurance. I leave this job, I lose my insurance and must use COBRA for up to 12 to 18 months to keep my coverage. Why can’t I buy my own health insurance and have it be portable across state lines like car insurance?
It seems to me that fixing these types of problems with healthcare is more affordable than implementing a national healthcare system. There is low cost car insurance, why not low cost health?
Civil – I read up on this web site that you mentioned. This is only for individuals who are self employed or own small businesses. First question they will ask is if you have a job that offers insurance. If the answer is yes, you have to go through them. So while this is a valid site, it doesn’t answer my question.
Bingo.
Combine the above mentioned portability and interstate insurance competition with tort reform, fair tax treatment for individuals purchasing insurance, and income tax deductions (or credits) for health expenses, and you will see the cost of health care dropping while the ranks of insured grow.
Market based solutions are the only option if this country wants to maintain (and improve) the quality of its health care while reducing costs.
Government based solutions may reduce costs, but it will do so by rationing and sacrificing quality.
Edit: The major reason that insurance is so opaque and expensive now is because of over-regulation. Companies are required to cover expensive procedures and treatments that do not benefit a vast majority of the policy holders (fertility treatment, drug and alcohol rehab, etc) It stands to reason then, that states requiring these treatments be covered are among the most expensive states to attain health insurance. Removing competition restrictions from insurance companies would do more to reduce costs and increase enrollment than any other solution available.
Everyone wants to get the cheapest car insurance available dont they? The cost of running a car now is becoming scary, with the price of gas as it is, and its certainly no fund when the car insurance bill arrives to make it worse. What are some things you can do to reduce your car insurance costs?
There are quite a few things, but Id like to look at car insurance discounts. It is not well known but car insurance companies offer all sorts of discounts to car insurance policy holders. These discounts help reduce the cost of the policy and therefore reduce your car insurance costs.
Although these discounts exist the car insurance companies dont immediately offer them to you however, and to get them you often need to ask. It is estimated that the insurance companies take millions of dollars in premiums each year which they would not if policy holders got all the discounts they were entitled to.
So here are a few ideas for you about discounts. Remember always to ask if you qualify for these, they vary from area to area and company to company.
No claims or renewal discount. Probably the most well known of all, a discount for having a clean insurance claims record. Over time, up to a certain point, your percentage discount will increase for a clean record.
Anti theft devices. Each year the car insurance companies pay out hundreds of millions of dollars for claims related to auto theft. Anything which reduces the risk that your car will be stolen will reduce their risk that they will need to pay a theft claim. So if you have an anti theft device this may well result in reduced premiums, if you ask about it.
Advanced driver training. A more skilled driver also results in reduced risk of accident. So if you have undertaken an advanced driver training course then this may well reduce your premiums, especially if you are young.
Often with things like advanced driver training and anti theft devices the reduction in premium can, over time, pay for the extra costs involved in getting these things.
Multi policy discount. The insurance companies want more business, and so if you have an auto insurance policy with them, and have a home insurance policy as well, you may well qualify for a discount on both by holding them at the same company.
Multi vehicle discount. Exactly the same as above. Hold policies for more than one vehicle at the same company and you may well get a discount.
Low mileage discount. If your vehicle only drives 5000 miles a year that reduces the risk to the auto insurance company. If you do few miles then let them know and see if you are entitled to a discount.
Thats just a few but Im sure you get the idea. The car insurance companies will reward things which reduce their risk or increase their business with discounts. But you often need to ask, they dont always volunteer them.
So when your next renewal comes remember to ask about discounts.
Peter Crump
http://www.articlesbase.com/automotive-articles/how-can-car-insurance-discounts-help-reduce-your-bills-50507.html
My 18-year-old son’s car insurance is going through the roof. It just jumped from $270 to $321/ month. He’s a college student living in Tampa, FL (40 miles from home address in Largo, fL), makes good grades, took driver’s ed in high school, has been driving 2 years and never had a ticket. It’s a new car (Mazda 3) that’s titled to my husband, but all 3 of us are on the policy. My husband and I are on a separate policy for our cars. Anyone have any suggestions on how to bring this number down?
My husband had 2 back-to-back accidents last year that were found to be the other driver’s fault and was paid 100% by the other driver’s insurance (including our deductible). Also, we had a claim on my son’s old car when someone hit it while it was legally parked on the street, and then ran. I had a quote of $261 from Traveler’s until they questioned these claims, then they bumped it to $331/ month. I guess they count against us, even though they weren’t our fault?
the best bet is to ask your insurance company – different companies offer differnt reductions. some offer discount for students based on grades or gpa , and others may dicsount if he takes a defensive driving course again. those should offer some smaller discounts.
however since his rate is so high – i would recomend shopping around for new insurance and getting free qotes. but be sure to tell them your full driving history when they quote you as the rate will change once they look up your driving record and see anything you didnt mention.
I have to buy a car and the insurance will be costing more than the actual car. Some factors I can’t change like the fact it will be my first year with a full GB licence, my gender, age, where I park it, etc. But when considering the car I will buy, what factors might lower my insurance costs? Keeping in mind my price range for the car is 450-900 pounds,
- what makes/models are hardest/easiest to break into?
- what security devices would make a difference to the cost of my insurance, and how much would they cost?
- what year of car is considered to be built more securely than in the past? (harder to break into…I understand older cars are easier to break into, but what is the general cut-off line of "old"?)
- style or colour of car?
- any other factors?
http://www.parkers.co.uk/insurance
Groups1-20
Group 1 are the cheapest to insure.
Group 20 are the most epxenive to insure.
But before buying always get a quote.
Auto insurance is one of the biggest expenses students face, right up there with tuition and books. In fact, students can pay anywhere from $2,000 to $10,000 a year for auto insurance, depending on such factors as their …
* Age
* Gender
* Driving record
* Garage location
Fortunately, students can get cheap auto insurance. How? Read on to find out!
Be a Girl
Okay, you don’t have much control over this, but it’s a fact that insurance costs less for women under age 25 than for men under age 25. Men are statistically more prone to having accidents and therefore their insurance rates are higher.
Live Clean and Drive Safely
Do not drink or take drugs and then drive. A DWI or DUI will drive your insurance premium up dramatically, and keep your rate high for years to come. Also, keep your driving record clean by obeying speed limits and other driving laws.
Keep Up Your Grades
Most insurance companies offer discounts to students who maintain a B average or better. You’ll need to show your insurance agent proof of your grades to get this discount.
Buy a Sensible Car
Your dream car may be a Mustang, a Firebird, or a Camaro, but you’ll pay a lot more for your insurance with these types of “muscle” cars. Opt for a car that’s less expensive to repair and is less tempting for thieves. Also avoid cars with high horsepower, as insurance rates are higher on these cars.
Walk or Bicycle at School
If you can manage without a car while you’re at college, leave your car at home. You can adjust your policy so you’ll still be covered when you’re at home for vacations.
Increase Your Deductible
By increasing your deductible – the amount you pay toward a claim before your insurance company pays – you can save up to 40% on your car insurance premium.
Shop Around
Make sure you’re getting the best price on car insurance by doing some comparison shopping. Go to an insurance comparison website and enter your vehicle, driver, and insurance information. You’ll then receive auto insurance quotes from multiple A-rated companies and you can choose the one with the cheapest rate.
The best comparison sites offer tips on how to save money on your insurance, and even have an insurance expert on call so you can get answers to your insurance questions online or by phone. (See link below.)
Visit http://www.LowerRateQuotes.com or click on the following link to get cheap student auto insurance quotes from top-rated companies and see how much you can save. You can get more auto insurance tips in their Articles section.
ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/how-to-get-cheap-student-auto-insurance-182575.html
my 17 year old son wants to buy a 2008 honda civic EX and he agrees to make the payments on the car. One problem is , how do i lower my insurance rates . IF my son is still considered a teenager. Could i put the car under my name so the insurance rates will be low ? please help
yes he does have a drivers liciense and he maintains a 3.0 GPA . and the 2008 civic is still under factory warranty. IDK if this helps or not?
Some insurances will have lower rates if the car is classified as a sedan, with ABS and vehicle stability assistance (VSA) on it or with engine size being less than a V6. If the car has air-bags and other safety features then that will help lower the rate. Insurances will sometimes give lower rates for teens who are good students and have a higher GPA and have attended safe driving classes.
I am looking to buy a new, or possibly up to about 3 year old, car for my daughter, soon to be 17, to learn to drive in. The car will be in her name and so I’m looking for something safe, but also as inexpensive to insure as possible.
Has anyone gone through this process recently and so can provide me with any experiences or advice generally?
I would save time and pay for professional tuition then buy a nice car when she passes. Intense courses can be very effective. If you buy a car don’t get a fiat cinqaciento as they are very poor in crash ratings. A vauxhall corsa 1.0 12 valve will be very economical to run and quite good in crash tests.