How to Accurately Compare Car Insurance Rates Online

Perhaps you have just learned that you may be able to save money on your car insurance policy by checking online and you immediately hop on the Internet and begin searching. This is not exactly the best way to go about searching for online quotes, but the idea of course, is you can save money by using the Internet to compare various companies in a side-by-side view.

One of the problems that most people fail to do when they compare online quotes is they have no idea what they currently have in their car policy. Therefore, it is hard to know if the prices you are seeing are actually comparable to the cover you currently have. For instance, let’s assume you have full cover on your vehicle because you have a lien against it, but if you get online and being comparing rates to those that are just for liability or the minimum required amount, of course this will be much less than what you are currently paying.

The fact is, in order to compare online rates properly to what you currently have, you must do so by getting a copy of your current policy and looking at the various cover you have in all areas. That way when you go to the website of your choice to compare rates, you can plug these numbers in and get an accurate price quote and then compare that to what you currently are paying. Nine times out of ten, you will find that the online quote is less than what you are currently paying. The main reason for this is the Internet has caused the car insurance industry to become extremely competitive, meaning they are willing to offer you discounts in order for you to buy a policy with them.

Many firms will even offer you discounts for safe driving or if you have had a clean driving record for a number of years. This is truly a great way to find the best prices on insurance by taking the time to compare car insurance via the Internet. Of course, you will want to check out the company that is offering the lower rates to make sure that they are in good financial standing and that they have good reviews as far as handling claims and customer service. Again, the best way to do this is via the Internet, but not directly on the company website because these are often screwed and only the best reviews are listed. Once the company checks out, then you can proceed to purchase a policy and begin enjoying your savings.

Finally, when you compare car insurance online, do not cancel your current car insurance until you are approved and have the new policy in place, then call and cancel your old policy. This prevents any lapse in cover from changing to a new policy because sometimes it may take them as long as a week to get you all set up before you insurance is effective.

Cheap Performance Car Insurance – How to Find the Best Performance Car Insurance Rates on the Market

What do you need to know to find cheap performance car insurance? What is the best performance car insurance policy to purchase? What are some things that you can do to lower the high auto insurance rates that you are paying for your high performance vehicle? In fact, there are a number of different things that you can do to find a cheap auto insurance rate for your performance car. Some companies even specialize specifically in luxury car and high performance car insurance.

The United States has increasingly been seeing more cars on the roads of the country. This is basically because there is more money in the market and the car selling business can provide vehicles for eve the poorest of people. Through the website or just by visiting a dealer you will be able to see that there are plenty of cars for just $1,000, but reality hits when you don’t only have to buy the car; you will also have to pay for car insurance.

With all the flow of money in the Unites States some people have started to fix up their cars and change stuff from the outside like spoilers, rims and tires; to the inside such the engine, hydraulics, etc. These people add another big category to the industry of automobile insurance since they are called the performance car drivers. Then of course there are the real performance car drivers which would include the Ferrari owners, the Lamborghini owners, the Aston Martin owners, the Porsche owners, and generally all of the people that pull up to the stop light and make 99.9% of all other Americans swivel their head in envy.

It is important to know before you even try to fix up your car with all the time and effort that it takes, that the little things such as spoilers, neon light kits underneath your car, brighter headlight and the other accessories will just increase the price of your automobile insurance. The reason for this is that you are putting more valuable things to your car, which in turn will increase the overall price of the vehicle. These also increase the rate of your automobile insurance because one of the categories that determine the overall price of your policy is theft. Since you have added so many things to your car it will be noticed much easier to the public and people might want to steal it because it is worth more. Fortunately for you there are numerous ways to save money on your performance car insurance policy without having to take all the cool looking accessories off your vehicle.

Every single automobile insurance agency will agree that the issue of speed is a must when we talk about auto insurance and the “risk” of insuring a driver with a fast performance automobile. Statistics show that people in sports cars with faster engines get into more accidents than people with other types of cars. This is a very common stereotype that may or may not apply to you, however; the automobile insurance agency will not now that you are a good driver until you prove it. A good way of saving money is by being proactive and taking a defensive driving course without being instructed to do so. This will lower your car insurance rates because your insurance company will be able to see that you are sincere in trying to drive defensively. Another thing you can add to your car is more air bags, anti-lock brakes and other features that will make the probability of an injury smaller. With the decrease in the probability of an injury the insurance company will give you even more discounts.

You can also prevent people out there from trying to steal your car by being proactive and doing stuff before it is too late. You can go to an electronics store and purchase one of the best car alarms in the market. This will help in the case that someone tries to steal your vehicle and will show the insurance company that you are always thinking of safety first. A wheel lock would be some other resource to prevent theft. If you have a house with a garage try to put your performance car in there at nights because more car thefts happen at night, this will diminish the theft chances even more. With all these safety resources your insurance company will have no choice but to drop your price even lower.

You can also get certain discounts such as the low mileage discount (if you don’t drive your performance car that much) and the good driver discount (that requires you to have three years of a clean record without traffic citations and accidents). Other than those discounts you can always apply to be a member of an organization. Performance car organizations are everywhere in the United States and they can definitely help you out in saving you some money. Many insurance companies recognize there clubs or organizations and will give you a lower policy simply based on the fact that they will know you will practice defensive driving skills.

And perhaps the most important thing when it comes to performance car automobiles is the shopping process. Since most insurance companies will try to charge you a high premium because they see you as a high “risk” you will have to see what the lower rate in the market is and take it if they offer a good choice in coverage. If you have a good driving record perhaps your quote won’t be as much as that of others, but either way shopping around never hurts anyone. You can do this online through the Internet, which basically gives you the choices of visiting each website to see what you might be eligible for; or in person if you decide to go to your local insurance offices and ask their agent for a quote. An even better option would be to use a free car insurance quote comparison website that will allow you to input your information just once and then view quotes from many different companies side by side. Whatever you do simply remember that the more shopping around you do, the better you will be in the long run.

Performance cars are not for everyone simply because many people just like normal sedans, pick-ups, SUV’s or Mini-vans. For the people that do like fast and what they call “pimped” out cars it is important to know that there is a possible way in which you can get a lower priced automobile insurance policy. Simply follow the tips said above for this to work out in your favor. Always be proactive by taking defensive driving courses and adding safety features to your car that will drop the theft and injury rate (two of the most important factors in pricing quotes).

Auto Insurance Company FAQs

What is auto insurance? Most states require the owner of a vehicle to have a certain minimum coverage. But to protect oneself from law suits and expensive repair bills, it makes sense for the customer to go for more than the minimum coverage.

What is liability insurance?

Liability insurance is the coverage that the insurance policy gives the consumer, if he/she has caused an accident that has resulted in bodily injury to another party and/or damage to the property of another person. Bodily injury coverage pays for the medical expenses and the likely loss of wages, whilst property coverage pays for the cost of repair or even replacement for the vehicle of the victim.

What is a 20/40/10?

These are the liability coverage limits. Instead of presenting in terms of thousands of dollars, limits are presented in a series of numbers. 20/40/10 stands for $ 20,000/40,000/10,000, where $20,000 is the coverage for the bodily injury per person, $40,000 is the coverage for the bodily injury per vehicle. $10,000 is the property damage coverage per accident.

Is the minimum liability coverage limit the same, wherever one lives in the US?

It is different in all the fifty states. In Texas, for example one has to purchase at least 20/40/15 liability coverage limits. In California, it is 15/30/5. In New York it is 25/50/15.

It makes sense for the owner to know the local coverage limit and have a coverage which is more than the limit.

How important is the driver?s history in getting a good offer from an insurance company?

Owners with good driving habits are generally rewarded with discounts by the auto insurance companies. These may include people with airbags and centralized locks in their vehicles, people with no tickets history or driving offences etc.

What is an SR-22?

SR-22 is a form that proves that one carries auto insurance. SR-22 status is given for people falling in category of high risk. All the states require SR-22 for people who have had a past history of serious driving violations like drunken driving and reckless driving.

What is no fault insurance?

Several legislations in the US provide coverage like the ?no fault insurance,? where the victim should only prove his/her injury to claim damages from the insurers.

How does one know which auto insurance to choose?

Owners of the vehicles would be advised to choose companies with good credit worthiness. These companies are rated as A, AA, and beyond. The above points can be the best guidelines for any auto owner in choosing the right auto insurance company.

When a Financial Product Sounds Too Good to Be True

It probably is. I’ve recently heard about such a product, one that guarantees you 10% return for the next seven years, and 5% for life after that. It’s even in writing. Doesn’t that sound great? Who wouldn’t want that?

But the devil is always in the details. Let’s examine the details of this particular offer, which is an annuity. Let’s say you invest $100,000 in this product. At 10%, you’ll double your money in about seven years. You’ll have $200,000.00. Fantastic. So far, so good, right?

But here’s where the details come in. If you read the fine print, you’ll probably discover that the $200,000 does not belong to you. You can’t ask for a check for that amount. You’re not allowed to touch that $200,000. In fact, if you do, there are penalties. Instead, you can take an income from the 5% for life that was guaranteed, which will be $10,000. So let’s say you were paid $10,000 a year for the next ten years. How much have they paid you now? $100,000. Guess what just happened? Over that ten-year period, you were paid back the money you originally invested. In a nutshell: You invested $100,000 in this product, you waited seven years to see $200,000, and then you had to wait ten more years while you were paid $10,000 a year. You made back your money 17 years later.

The guarantee was all true. The value of your investment rose by 10% and you did get 5% for life. But I don’t think this is a good deal. If it were, I could retire right now. I could put all my clients in this deal and never have to do another day’s work. I wouldn’t have to worry about the market. I wouldn’t have to worry about anything. Unfortunately, there is no free lunch, and there’s no such thing as a risk-free product that guarantees a 10% return. And if someone tells you there is, read the fine print very carefully. Ask questions. Be an informed consumer. Remember that the devil is in the details, and if something sounds too good to be true, it probably is.

TO POLITICIANS: STOP BEING NICE

I wish the politicians would stop being nice. We’re getting closer to the fiscal cliff, and all this playing nice stuff is getting on my nerves. We’re all Americans. We’re not Democrats. We’re not Republicans. We’re Americans, and the politicians need to do what’s best for the American people. Take the gloves off and let’s get the fight going.

They’re wasting time. The fiscal cliff deadline is January 1st. We don’t have a lot of time to get this thing resolved. I’m concerned that they’re just going to talk nice, not resolve anything, and have a fight at the last hour-and that the market will drop dramatically as a result. I don’t doubt that they will find a way to extend the deadline, but they might wait to make a decision with only seconds left on the clock, like they did last year.

During the debt ceiling debate last year, we saw the market go down 19% before they finally decided to raise the debt ceiling. I think we’re seeing all the earmarks of the exact same thing. Do you want to take massive losses while you wait for those guys to resolve their problems? Why not take some profits off the table? Then, when they do announce that they’re gonna postpone, band-aid, or resolve the situation, how about going in the market at that time? Maybe buying in at 19% down? I don’t know if the situation will play out like that, but I think we can learn from the past. We can use past experience to navigate this market in hopes of coming out without losing too much money. And we can hope that the politicians stop being nice and get down to work.