Is A Higher Auto Insurance Rate For Men Twenty Five And Below Discrimination?

What makes a man below 25 so attractive? Is it the angst to make it big in life? Is it the youthful charm? Is it the fashion sense? Or… is it that shimmering blue car he got?
To have a car is an advantage. You get to travel with not much hassle compared to having to commute. For young men especially that below 25, owning one is a symbol of masculinity. They often use it as a magnet for the opposite sex.
Beneath these fine points, one disadvantage these young men suffer in having a car is: THEY HAVE TO PAY HIGHER AUTO INSURANCE RATE. As the rationale of this policy tells, younger men are at high risks compared to older ones. That is why they have to pay for higher rates.
Some understand and realize this point but for many, they think it is a form of “discrimination”.
The word discrimination is defined as-treatment or consideration based on class or category rather than individual merit; partiality or prejudice: racial discrimination; discrimination against foreigners.
Most young men who claim that indeed there is discrimination feels that though they are at high risks, why must charges be different? It is like charging one person according to gender, race or age which is a form of discrimination.
There is a difference between legal discrimination and the one which is defined by the dictionary. Legal discrimination often pertains to justified discrimination. Discriminating auto insurance rates through age is not true to all states. In some places like California, they categorize them through driving experience. Charges are higher to those who have been driving for less than 9-10 years than those who have been driving more than 10 years to fifty years. For those who are 80 years old or more or the senior citizens have to pay more because they are also at high risks.
In the United States of America, principles which are not prohibited by laws are considered to be permitted. This makes charging bigger rates of auto insurance to men below 25 neither legally discriminatory nor illegal.
Complaints like auto insurance must be based in the drivers’ records whether he drives well or not and not by age. Complainants think that it is unjust to charge everybody for the mistake of half. The basis of charging higher to men 25 and below is the psychological aspect, at this age they become playful, very adventurous, risk-takers and they drink a lot!
DISCRIMINATION strikes you when you only let somebody do so.

Read More..

What Are the Different Types of Auto Insurance

There are a number of different types of auto insurance that are available to drivers. In the United States, auto insurance is mandatory and not a choice. However, drivers can enjoy a number of varying insurance offerings in order to allow them the flexibility in cost and coverage that they are looking for from their insurance company. Not all insurance companies offer the varying types of coverage, so it is very important for you to check with your company to learn the limitations of what they have to offer you.
Liability coverage from an auto insurance company will cover the damage that occurs to other drivers as a result of your actions. There are a few different levels to liability coverage. First, bodily injury liability will cover the cost of another person's medical costs or death if they are hurt in an accident that is found to be your fault. If a person in an accident files a case against you as a result of the accident, liability coverage can provide you with some legal defense. You will want your liability coverage to ensure that if a claim is brought against you, you have enough insurance to cover a judgment without involving your own personal finances or assets.
Property damage liability covers the cost of repair or replacement when you damage someone else's property in an accident if the accident is proven to be your fault. Insurance collectively referred to as comprehensive and collision coverage will cover the cost of repair or replacement of your vehicle in the event of an accident. In some cases, the coverage will also cover the cost of another vehicle if you are not driving your own when the accident occurs.
Comprehensive insurance coverage can also cover the cost of your vehicle if your car is stolen, damaged by animals, a fire or flooding. Specific coverage is limited to the terms and conditions set forth in your insurance policy; as such, individuals need to check with their insurance company for details in their policy.
Underinsured motorist property damage covers the cost of repairs when the negligent party possesses insurance, but the limitations of which would not be enough to repair the damage caused. Underinsured motorist bodily damage covers the medical costs for you, members of your household and passengers in your car when the insurance of the negligent driver does not cover the entirety of the amount needed. Uninsured property damage protects the vehicle of a person who gets into an accident with a negligent driver who does not have insurance.
Uninsured motorist bodily injury protects insurance policy holders, members or their household and passengers in their vehicle from medical costs or the costs of death. This policy will be relevant in the event that an no-fault driver does not have insurance. Only twelve states within the United States offer no-fault insurance, where insurance coverage is covered on the part of the policy holder regardless of whose fault the accident may be. This means that your vehicle or bodily damage will be covered by your own insurance, whether you are the negligent driver or not.

Read More..

Why You Need Auto Insurance

As the population continues to grow, more cars and drivers hit the highways. With so many vehicles on the road, crashes are inevitable. Automobile Insurance can be the difference between a minor inconvenience and a major hassle. But why do you need insurance and just how much should you buy?
Auto insurance is required by law in all states and protects you by paying for damage or injury you cause others while driving your car; damage to your car or injury to you or your passengers in your car from a crash; and certain other occurrences such as theft and vandalism. Without insurance, you risk having to pay the full cost of any harm you cause others with your vehicle.
Coverage requirements vary by state, but usually include the following:
Liability: It pays for damages due to bodily injury and property damage to others for which you are responsible. Bodily injury damages include medical expenses, lost wages and pain and suffering. Property damage includes damaged property and loss of use of property. State laws usually mandate minimum amounts, but higher amounts are available and usually recommended.
Personal Injury Protection: This is required in many states. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. It may also pay for lost earnings, replacement of services and funeral expenses. State law usually sets minimum required amounts.
Medical Payments: This coverage is available in some states (usually the states without no-fault insurance), and pays regardless of who may have been at fault. It pays for an insured person's reasonable and necessary medical and funeral expenses for bodily injury from a crash.
Collision: This pays for damage to your car caused by collision.
Comprehensive: This pays for damage to your car caused by "Other Than Collision"; including fire, wind, hail, vandalism and animal strikes.
Uninsured Motorist: This pays damages when an insured person is injured in a crash caused by another person who does not have liability insurance or by a hit and run driver.
Underinsured Motorist: This pays damages when an insured person is injured in a crash caused by another person who does not have enough liability insurance to cover the full amount of the damages.
Auto insurance premiums vary widely from company to company and will depend on several factors, including:What coverage's you select; The make and model of the car that you drive, your driving record, your age, sex, and marital status and where you live.
Many people think of auto insurance as a necessary evil that can save your financial well being. Evaluate your needs, do your research and make the decision that best suits you.

Read More..

Tips to Search for an Auto Insurance Policy

When you are searching for auto insurance quote you should do some analysis. It will help you to find out what kind of car insurance quote will be require for your vehicle. The coverage and the policies may vary from different states. Not all states need the same levels of insurance. So do your research accordingly your vehicle need and your budget and the state you are in.
When you search for the best possible car insurance quote, take in to account some factors. There are certain things which you should keep in mind like registration number and state where you registered your car, condition of your vehicle. If you want to do complete analysis, take help of online information. There are many sites which are providing through information about quote, policies and coverage.
While searching you should take consideration of various companies in the market and their policies. These companies decide your premiums only on risk factor. Insurance companies do search about your car and mark the risk factor associated with your car. They have various records with them. These companies keeps record of every insurance paid. They keep record of many thing such as car model, coverage amount, gender and age of driver, license number etc.
Many insurance companies give Comprehensive coverage. You search about this kind of coverage. Comprehensive coverage is compensation paid by company for loss of vehicle other than an accident. There are many things bound to happen so you should be ready for any natural disaster. So always ask insurance company about this comprehensive coverage. It will also cover your cost if your car stolen or your car got damage due to some disaster.
So whenever you choose a car insurance policy, ask for comprehensive coverage if it’s not included selects it as an extra. If you want more information about car insurance you can log on to 1-auto-insurance.info.

Read More..

Locating Cheap Auto Insurance Premiums

Whether you receive car insurance quotes from phoning companies directly or browsing their web sites it makes no difference. However, it is often much quicker to find many free auto cheap insurance quotes online.
Before actually committing to a particular automobile insurance company it is wise to lay out your needs first. Motor car insurance is there to protect you and your family from possible financial ruin. It is to cover your costs in case of a catastrophic occurrence. It is not only there to pay for the repair or replacement of your car, but for any medical or hospital bills that may become necessary.
There are many things to consider before taking out an auto cheap insurance policy. One thing to think about is the amount of your deductible. A higher deductible can save you a little on your premiums, but it may end up costing you more if you are actually involved in an accident that is your fault. No fault car insurance can increase your premiums, but it sure is great to have if an uninsured runs into your automobile. Most auto insurance companies offer discounts for features that will reduce the risk of injuries or theft. Daytime running lights or anti-theft devices can often lower your premiums due to the fact that they will decrease the likelihood of you filing a claim.
Many people decide to drop the collision or comprehensive coverage if they own a car that is not worth very much money. Why pay higher premiums for a car that is not worth very much? So choosing to insure for liability only is certainly a way to lower the coverage costs. Insuring for just liability has the potential to save you a lot of money, but if you are involved in an accident with someone that is uninsured you will probably end up paying your repair bills out of your own pocket.
Once you have decided if you want full coverage or just liability and have also considered your other insurance factors it’s time to get some free auto insurance quotes. You want a company that is financially stable which can be checked by using a rating company. One of the better known rating companies is Standard and Poor’s. There are also many magazines available that can help you find some financially strong insurers.
The internet is the easiest method of getting fast and free quotes, but there are other places to search as well. Many companies sell their own insurance through their own agents while other agents can get quotes from several different insurance companies, allowing you the opportunity to go with the lower priced ones. It is often wise to ask acquaintances about their insurance. Price alone should not be the sole deciding factor when insuring your auto. Dependability, honesty, 24-hour claims service and other factors should also be weighed.
A wise thing to do is to contact your state insurance department. They can provide information about the companies you are investigating. If there are consumer complaints about a particular insurer chances are they can tell you.
Another item that should be thought about is the possibility of saving money by insuring both your auto and your home through the same company. Most insurance companies will give you lower rates if you insure more things with them.
If you want to keep your costs the cheapest possible there are many other factors in determining what your coverage will end up costing you. Some of these include the quality of your credit rating, how many miles you drive each year (lower mileage can mean cheaper premiums) and whether or not you work for a company that will allow you to get their group discount. Some professionals such as doctors or chiropractors get discounts. Belonging to certain types of businesses or associations can also possibly qualify you for auto cheap insurance coverage. One of the biggest factors is your driving history. Have you been in other accidents lately?
These are all factors that should be investigated before committing to a particular company. Write down all of your questions and concerns and then you can begin with the free quotes. Call several insurance agents that are in your area and get some free quotes online. You can save on your premiums by doing just a little homework.

Read More..

How To Change Auto Insurance Companies

There are many reasons why you may choose to change your auto insurance coverage to another company. Perhaps you’ve found another company that offers you the same amount of coverage for considerably less money. You might have changed jobs and are eligible for a group discount through another insurer, or maybe you’re unhappy with the service that your present company provides. With the growth of the internet and quote comparison sites, investigating your options has never been easier!
Why change to a new Auto insurance carrier?
You need to regularly review your auto insurance coverage to make sure that you are receiving the best insurance value for your money. You will discover that it pays to shop around. In some states, premiums for identical policies vary widely among different auto insurance companies. The reasons for this price variation can be very complicated, but they boil down to a company's claims experience with policyholders in a coverage group (e.g. people of similar age, number of accidents, type of vehicle). For example, if a large number of people in a coverage group files claims during a given year, their rates will likely rise. When this happens, better discounts and lower overall premiums may be available at other insurance companies. When you decide to switch your auto insurance to another company, you’ll find that it's fairly easy to do so.
How to cancel your old Auto Insurance policy
Generally, all you need to do to cancel your auto insurance policy is to inform your insurance company in writing, specifying the date you want the policy canceled. In some states, the new agent must notify the previous agent of the policy change. Some auto insurance companies ask the policyholder send back the actual printed policy. The insurance company will send a cancellation request form that will need to be signed and returned. Examine the form carefully to make sure that all information regarding the policy is correct. If the form is not received within two weeks of sending the letter, call the agent or company immediately to check on the status of the cancellation. Don't just walk away from the old policy without formally canceling it. Each state requires that auto Insurance policies be cancelled with notice, thus the insurance company might assume one wished to continue the coverage, and it might eventually terminate the policy for failure to pay premiums and report the lack of coverage to the state Department of Motor Vehicles. This can hurt your credit rating and ability to get a new policy.
Be sure to get a new Auto Insurance policy first
Always have a new policy in place before canceling the old auto insurance coverage. Otherwise you might have a gap in protection for a day or more! Most states require all drivers to carry a minimum level of auto insurance and most insurance companies require policyholders to present proof of new coverage before they will cancel an active policy. The new company will be able to time the beginning of the new policy to coincide with the cancellation of the prior coverage.
When to Change Auto Insurance policies
At Renewal
Renewal is a convenient time to change auto insurance policies, as you don’t have to wait for a refund from your current carrier. A renewal notice will be sent to you approximately 30 days before a new policy begins, depending on the regulations in your state. Should you decide to switch companies, you’ll need to have a new policy by the time the current policy renews. Though a company might say there is 10-30 days to get your payment in before a policy terminates, you do not have coverage until the carrier receives the payment. If you have an accident during this time period you most likely will have no coverage since the premium wasn’t paid!
Anytime:
All Auto insurance policies contain a provision allowing you to cancel your policy with proper notice at any time. In a few states auto insurance companies “short rate” the policy that means one pays a penalty for canceling before the policy renews. Most insurance companies pro-rate their policies so there is no penalty. The advantage of switching before the renewal date can save you a lot of money. For example if you have a policy that runs from Jan 15th to Aug 15th and you have an accident or ticket that will be over 36 months on March 15th. By switching Auto insurance companies on March 16th, you get a discount for having a clean driving record. Your current carrier won’t apply this discount until the policy renews on August 15th! This can save you Hundreds of dollars immediately!
How long does it take to change Auto insurance?
When you change auto insurance companies, the new agent or insurer can generally change carriers while you wait! Generally they’ll just need a copy of your current declaration page, driver’s license and down payment to get the policy issued.
So why not get started today and Get Free Auto Insurance Quotes from Top Companies?

Read More..

How to Lower Your Auto Insurance Premiums

People invest a good share of their hard earned money on material assets such as house, automobile etc. So it is quite essential to secure these things and therefore get them insured. Auto insurance is akin to health insurance. Just as the latter compensates for any attack on one’s health, similarly the former reimburses for any damage to your vehicle and also for its loss. With the aid of auto insurance you can keep your car in a good shape and even by a new car in case your insured car gets stolen or lost.
There are lots of companies or agencies that offer auto insurance policy. People prefer the policy that provides maximum benefits and demand less premium. The insurance premium of your vehicle is adjudicated by the parameters of safety, repair costs and theft problems etc. So in order to have low premium rates make sure that you consider these crucial factors carefully.
The kind of car you drive or desire to purchase affects the cost of coverage for any physical damage happening to it. Insurance companies (such as CLEAR or Canadian Loss Experience Automobile Rating) analyze a vehicle in terms of its safety records and wear and tear expenditure. If the repair and replacement chances and so expense is quite high, you are required to pay a good amount of premium for your mode of transport. The premium for the cars that have a good design, are carved in a manner that there are less chances of its being stolen and also run fewer risks of damage or impairment is significantly low. So if you really crave for low premiums, be prudent in your choice of vehicle. In case of purchasing a car, try to go with one that has a good efficiency and built, perfect design and that fetches you least trouble.
Besides the physical and mechanical features of the automobile, the amount of attention you pay to it contributes greatly to its insurance and your happiness. In other words it is very essential for the car owner to prevent it from theft as much as he can. Make sure that the locks of your car are working properly especially if it is an old car. In 2000 CLEAR had revealed that old cars were more susceptible to theft than the new ones. It can be because of their debilitating physical condition and lack of heed people pay to these cars. Alongwith this it is also very important that you drive your vehicle safely and maintain it well.
Apart from these, one who seeks to take an automobile insurance should compare the policies of different companies, make a complete survey of the market first and then decide which policy to take.
For more information about points that should be borne in mind prior to purchasing a vehicle, you can contact the Insurance Bureau of Canada. At the end what is to be considered is the fact that lower claims entail lower premiums and if the car that you desire has a negative record you will definitely end up paying a good amount for it. So do think of the safety, damage and repair costs and also the theft issue regarding in context of your coveted car.

Read More..

How to Find Cheap Auto Insurance

When we purchase a car we need some sort of car or auto insurance. Most of us want to buy it as cheap as possible. The quality of the insurance product means a lot though; it is important that the policy has a good coverage and it is also important with a good service from the insurance company, especially if and when an accident occurs. Auto insurance is one of those items where the price can vary a lot based on which insurer you go through. Sometimes your rates can vary as much as 20-30% just because of different rating factors the company may use. By utilizing the power of the Internet you can be a savvy insurance shopper and find cheap auto insurance that fits your needs while providing the customer service and support you need.
When people are shopping for a new or used car they often don't think about insurance until the last moment. Several consumers fall into the trap of obtaining an instant car loan through the dealership and inadvertently signing up for the auto insurance through the finance company. This can be one of the worst mistakes you can make. Often finance companies that roll insurance into the finance agreement will charge premium prices that have interest charges added in on top of the already high rates. When obtaining financing make sure you state up front that you will be getting insurance through a company of your choosing and not the finance company.
The best bet to finding the best deal on vehicle coverage is to do your research before you buy the car. By knowing up-front what type of car you are looking for most insurance companies can provide you with a basic quote that is in the ballpark of the rates you can expect to pay. Remember, never drive off the lot with any car until you have the insurance purchased and finalized. Accidents can happen anywhere at any time. The last thing you want to happen is to be in an accident without insurance.

Read More..

Cheap Car Insurance – Tips To Reduce Your Car Insurance Costs.

With the cost of car insurance becoming more and more of an issue for the average American family, there are increasing numbers of people looking for cheap car insurance. But although it is possible to find cheap car insurance, the question remains, is it worth buying?
Everyone knows that car insurance companies are not all equal. Cheap car insurance is wonderful when paying the bill, but make a mistake on the company you select and you could find that the cheap car insurance policy that you found may turn into a nightmare. Cheap car insurance may not turn out to be so attractive when making a claim.
So if you have found a discount car insurance broker don’t just take the cheapest quote that you get. You need to find out a little about the insurance company that is offering the cheap car insurance rates.
And there’s ways to reduce the cost of your car insurance even with the best of companies. Here are some tips for those looking for cheap car insurance to help reduce the cost of car insurance without compromising other things.
7 Cheap Car Insurance Tips
1. Look at your deductible amount. This is the amount that you pay first out of any claim. The cost of your policy is directly related to this amount. Many people, particularly those who have had their insurance policy for a long time, have never considered whether they ought to vary their deductible. If you have a good driving record and are prepared to increase the risk of paying a larger amount in the event of a (hopefully unlikely) claim you can save money by increasing your deductible.
2. Have a look at the type of car you drive. Certain types of cars attract higher car insurance rates. Cars such as sports cars and also certain makes and models that are prime theft candidates cost more to insure. If you are buying a car then find out which makes and models these are before you buy.
3. Drive carefully. Although it sounds a little trite to say it, your car insurance cost is a factor of your risk profile. You won’t get cheap car insurance if you have had 3 speeding fines and 2 accidents in the last year. These things are all taken into account and you should take care with how you drive. It all adds up onto your bill. There are big safe driver discounts available.
4. Considering installing safety and anti theft devices in your car. Again these affect your risk profile. If you have a car that is safer and less at risk of theft it should be cheaper to insure. And if you have a car with certain safety devices now check that your insurance company is aware of these, if not tell them.
5. Look at your policy when it comes to renewal time, don’t just pay. There are some things that you can vary in your policy that will affect the cost. Often there are some things there which duplicate other insurance that you may have that can be eliminated. Be critical, look carefully and ask questions about all these before you renew your policy.
6. Have a look at who your other insurers are. Many insurers offer a discount for multiple policies. If you insure your house with a certain company then ring them up and find out if they do car insurance. Get a quote from them. Find out what discounts they offer.
7. Find a good online discount car insurance broker before renewing. The internet is a fabulous resource. Use it. There are all sorts of discount insurance brokers online where you can get fast quotes from a wide range of companies. Don’t just settle for the same company you always use. Car insurance rates vary all the time. Always get comparable quotes before renewing any policy.
So if you’re in the market for cheap car insurance there’s some ideas for you. Don’t just accept that car insurance is always prohibitively expensive, get out there and do something about it.

Read More..

Carrying Car Insurance Is A Smart Choice

Carrying car insurance is a crucial decision for anyone on the roads today. With so many drivers on cell phones, eating fast food and even watching TV while at the wheel, it isn’t unusual to find yourself in a “fender bender” or serious wreck. Having car insurance can make such an ordeal a lot less stressful for you and your family.
Car insurance, in plain English, protects you and your family financially if you ever have an accident in your car. You have a contractual agreement with your car insurance company. If you pay the premium you agree to in a timely manner, the car insurance company will cover your losses in the event of an accident.
Car insurance is typically made up of these three specific types of coverage: property coverage, liability coverage and medical coverage.
1. Any damage which occurs to your car in an accident will be covered by property coverage. Property coverage will also be used if your car is stolen.
2. Anything you are legally responsible for, such as when other are injured or their property is damaged in an accident determined to be your fault, will be covered by liability coverage.
3. Any payments needed for injuries, rehabilitation due to injuries, lost wages and funeral expenses will be covered by medical coverage.
Most states require that you carry car insurance in order to drive a vehicle of any type. At the time you received your driver’s license and when you renew your license plate for your car, showing proof of car insurance is a common practice. There are rare instances when car insurance is not required. However, in those rare instances, it is the law that you must be able to pay for any losses to others you might cause in an accident!
If there is ever a time you don’t carry car insurance, you will be taking a big risk. If an accident should occur, and you are determined to be at fault, you could find yourself responsible for the full cost of replacing your car, paying any medical bills, and any expenses that add up if you happen to cause harm or damage to someone else, their car or their property!
Car insurance is something you need to put into your budget every year. When you get a car insurance policy, it will normally cover you and your vehicle for 6 months to a year. You will find that your car insurance company will remind you whenever you need to renew your policy or if a premium payment is due.
Car insurance prices vary, just like any other services, from pretty inexpensive to extremely expensive. Remember that you normally get what you pay for, though. If you purchase an inexpensive car insurance policy, it probably won’t cover everything if you ever did get into an accident. The companies that offer cheap car insurance usually have high deductibles, too.
A great place to start your search for car insurance options is on the internet. Doing a simple keyword search under “car insurance” will pull up tons of information for you to browse and study at your leisure. Several car insurance companies even have the option for you to get free online quotes! What could be easier than that?
Just like other services out there, not all car insurance plans will fit your specific wants or needs. If you find a good car insurance company, they will work with you to create a plan that is right for you and your family. With older model cars that you don’t drive much, you may want a simple, inexpensive plan. With several cars and a large family including a newly licensed teen, you may want a family plan with as much coverage as you can afford to protect you in the event of any possible accident. Do your research and know what car insurance options are available to you so you can create and maintain a car insurance plan that is right and will work for you and your family.

Read More..

Car Insurance: Uninsured Cars To Be Crushed

Are you one of the one in twenty motorists who regularly drive without insurance? You'd better watch out - your car could be heading for the crusher and shipped off to the world's biggest scrap smelter in China!
New powers now allow the police to seize, impound and crush any car found on the road without insurance. A pilot scheme was introduced in Durham last spring. Since then, police have impounded more than 1,200 cars. Of those around half have been crushed into cubes and packed off for smelting.
Operation Takeaway as the pilot scheme was known, has been such a big success, that police forces throughout the UK are enthusiastically polishing up their tow trucks. The scheme is now supported by a new national police database that's supported by the insurance industry. It enables the police to check the insurance status of every car in the UK whilst they're sitting in their patrol car.
Now if you're caught red handed without car insurance you're forced to hand your keys to the police at the roadside. There are no exceptions - this applies to everyone; it doesn't matter if it's just a forgetful mistake or conscious driving without insurance.
Then you'll have to get your skates on! You've just 14 days to produce a valid insurance policy to the police and collect your car. And other costs mount up. Before you can collect your car, you have to pay the cost of kerbside recovery (around £105) and the cost of secure storage - and that could easily amount to £15 a day. So, if you leave collecting your car to the 14th day, you could be in for a bill for £315.
And if you don't reclaim your car, off to the crusher it goes!
During the pilot scheme, the cost of crushing the cars was partly funded by Direct Line. They have estimated that Operation Takeaway prevented up to 2,000 accidents. And many of the cars impounded by the police were found to be un-roadworthy.
A police spokesman said, “ Uninsured drivers are often guilty of many other offences. Such as having neither driving licence nor MOT certificate. We are doing everything in our power to get these dangerous and illegal drivers off our roads”.
Indeed, uninsured drivers are much greater problem than many of us would expect. The Department of Transport recently reported that 1 in 20 motorists regularly drive without insurance. Furthermore, research from the Association of British Insurers discovered that uninsured drivers are amongst the most dangerous on the roads. On average they cause one accident every six months and are three times more likely to be convicted of driving without due care and attention.
And who pays for those uninsured accidents? We do! The average car insurance premium is loaded by £30 to cover the cost of damage caused by uninsured motorists. Across the UK that adds up to an extra £500 million paid out each year by the law-abiding motorists!
But that's not the end of our financial pain. If an uninsured vehicle collides into your car, it's still recorded as a “fault claim” on your policy. This means you'll have to pay the excess when your car is repaired and unless you've got Claims Protection on your policy, your no-claims bonus will take a knocking. Over a two-year period, the reduction in your no claims bonus could easily cost £275 in higher premiums.
The move to take cars off the road and crush them has been warmly welcomed by the Association of British Insurers. The ABI has long criticised the leniency of punishment handed out by the courts to uninsured motorists but they still want tougher penalties. Offenders are typically fined just £150 to £200 - with time to pay - and this is much less than the average car insurance premium. Surely this cannot be true justice!

Read More..

The Affordable Car Insurance – What To Do To Keep The Rates Down

Automobile insurance is one of those things in the budget that is always going to be there. There are very few places in America that permit you to drive vehicles without insurance and so it behooves each and every one of us to get a better handle on our own auto insurance coverage. The industry is changing a bit because the competition is strong. There are new and creative auto policies on the market today. The trend that has gained the most momentum is the self-insuring concept. Higher deductibles is the weapon that the customer can use to lower rates significantly. Higher deductibles means that the policyholder has decided to take on more of the risk for the automobiles insured. The day of low collision deductibles is all but gone. Lower deductibles no longer warrant the high premiums. There is too much money to be saved with higher deductibles.
Lowering the Rates for Young Drivers
Young drivers on newer vehicles that have a lien holder’s interest will raise the auto rate significantly. The collision and comprehensive rates for drivers under 21 years of age are very high. A young driver on an older vehicle without the collision and comprehensive coverage will lower the rate significantly. There are discounts for young drivers who have completed a qualified drivers training course. Some companies have good student discounts on students with a grade point average of 3.0 or better. When the young driver reaches 21 the rates begin to drop for most companies.
Senior Citizen Discounts – Most companies have discounts for people age 55 and older who are retired or work less than 20 hours a week. There are mature driving courses that can also give the senior citizen a discount.
Multi-Policy Discount – This discount is available when you insure both your auto and home with the same insurance company.
Tort Options – Some companies offer discounts for a limited tort option. Tort is your ability to sue for pain and suffering. Limited tort rates in some states reduce the overall premium of the policy up to 30%. Ask your insurance company about the tort options in your state.

Read More..