Posts Tagged ‘State Insurance Department’
After moving into inner Atlanta because I’ve grown tired of a completely car dependent lifestyle, my auto insurance went from 70 dollars a month to nearly 160 based solely on my location.
Not only is this unfair and stupid, it seems to me to defy logic. I would think the suburban commuter who is spending lots of time in his car every day is more prone to claims than me, who barely has a reason to use my car anymore.
Ridiculous.
Clarification: We’re talking state minimum coverage here, so I wasn’t covered for theft in the first place.
Take a close look at your policy to see which coverages went up. I’ll bet there was a big jump in comprehensive coverage, which covers theft. Also, metropolitan areas are almost always higher than suburban areas because of more congestion which causes more accidents. Insurance companies don’t just randomly pick rates for certain areas, they have to back it up with their claims data when filing their rates with the state insurance department. If you really feel this is criminal then file a complaint with your state insurance department. if they feel the increase is not justified they will investigate and if your company is really doing something wrong it will get rectified.
Nowadays, there’s no thing that can be considered as “free.” Every little thing has an amount that you should pay in terms of money or through other ways if you wish to have or own that particular thing. You will find it a hard time to save money for your future use.
Like in an auto insurance, it is not unusual if this cost $12,000 a year or even higher. But actually, it doesn’t necessarily have to cost this much. Though it might take a bit of work, it is possible to cut that insurance bill by a substantial amount.
The first thing is to shop around or get at least three price quotes. There are many way to get quotes, like calling via telephone, getting the quotes directly via internet, or calling your state insurance department as it may be able to provide you with a comparison of prices charged by the major carriers in your state.
The second one is to check insurance cost before buying a car. It is because insurance premiums are based on the cost, the cost to repair it, the overall safety record and the likelihood of its being stolen. You can often get a discount from insurers if the car you are buying has a great safety record or if it is designed to reduce the risk of death.
Increase your deductible. Higher deductibles will lower your insurance cost substantially.
Another way is to reduce the coverage on older cars. If you have one or more old cars, consider dropping the collision coverage entirely for it may not be worth if your car is worth ten time the premium. By contacting your bank’s auto loan department, you will find out the worth of your car.
Next one is to buy your auto insurance from the same company that has your homeowners insurance. All the major insurers offer both homeowners and auto insurance and will give you a nice discount if you buy both types of policies from them. If you insure several vehicles with the same company, you may also qualify for a discount.
Keeping a good credit record. Auto insurance companies are using credit information more often to price their policy. By paying bills on time, and by keeping your credit card balances as low as possible, you can maintain a good credit history. Be sure to check your credit record regularly so, if errors occur, you can quickly correct them immediately, thus, keeping your credit record clean and accurate.
With the aid of these tips, you could make save yourself enough cash to have nice holiday or even buy a special gift for a loved one.
Roxel Pudol
http://www.articlesbase.com/insurance-articles/lowering-the-cost-of-your-car-insurance-90139.html
Comparison shopping on the Internet has become a worldwide phenomenon. In just minutes you can compare products and prices in virtually any category. Here’s how to go auto insurance comparison shopping and find the best rates and the best companies.
Auto Insurance Rate Comparisons
When it comes to auto insurance rate comparisons you need to get quotes from a variety of different companies to make sure you’re getting the best rate. Single-company websites run by large insurance companies only give you their quotes, and even the ones that say they give you comparisons from other companies may only give you one or two quotes.
In order to get the best auto insurance rate for your situation you need to go to an insurance comparison website where you can get quotes from a number of different companies. These sites have you fill out a questionnaire where you can enter the deductibles and discounts you want so you’ll get their cheapest rate.
The better sites have two features that will help you with your auto insurance rate comparisons: 1. An “Articles” or “Advice” section where you can get money-saving tips and other information on auto insurance. 2. A chat feature where you can ask an insurance expert questions about auto insurance. (See link below.)
Auto Insurance Company Comparisons
After you choose a company, you need to make sure they’re reputable and will pay your auto insurance claims. My favorite sites to check up on auto insurance companies are:
* State insurance department websites – Every state has a website run by their insurance commissioner that lists agents and companies. Here you can find complaints filed against companies to see which ones have the fewest.
* Epinions.com website – This site has a product rating and review guide for everything under the sun, insurance companies included. Here you can get inside information – ratings and reviews – from actual company customers.
Bottom Line
When it comes to auto insurance comparison shopping, using the Internet is a real no-brainer. It’s quick, it’s efficient, and it’s easy. Why not visit one now and see how much money you can save?
Visit http://www.LowerRateQuotes.com or click on the following link to get auto insurance comparison quotes from top-rated companies in your area. You can get more car insurance tips by checking out their “Articles” section.
ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/auto-insurance-comparison-shopping-best-rates-and-best-companies-128619.html