Gender bias
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There are certain criteria that will and can determine the rate of your car premium. The radical feminists might be a bit happy about one of the criteria because this involves gender. Yes, gender is indeed a big factor when it comes to premiums. Most people believe that men are meaner when it comes to street issues: they are the ones who roar the car into full speed and try to outdo and outmaneuver everyone in sight. No matter how unfair it seems, this is what’s really happening based on the statistical data traffic enforcers get, so better be ready to splurge some cash if you’re a male driver.
Story of why teenagers get higher premiums.
Posted by editor
“My momma’s gon’ get me PHAT (pretty, hot and tempting) wheels!â€
Most of the teenagers of today see cars as a status symbol. They drive around campus, strutting their new trucks, sedans and coupes to attract other bystanders. They even hitchhike everyone they see on the road. But of course, if you have your friends riding your backseats, partying with liquor and other types of booze, peer pressure sets in.
“Hey, how fast can this thing go?â€
“Oh, I’ll show you!â€
And a tragedy occurs. Teenagers are usually the reckless. They are more inexperienced compared to the mature/old population that’s why they get higher premiums.
Vintage car insurance
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If you just purchased a vintage car to add to your collection of automobiles, then better yet make sure that you know the rules of car insurance companies when it comes to these kinds of cars.
Normally, having a vintage car is a lot more complicated than you think. Your typical insurance won’t be enough as it covers a whole lot different kind of car types. These ordinary insurance policies chiefly cater new cars, however, if you wish to get a car insurance for your vintage car, there is a special type of insurance for these cars alone. Mind you, the requirements are a lot heavier because you will have to have a separate garage for it and have another car to be used as your everyday car.
Don’t call and drive
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It’s been said over and over again – don’t drive and use your mobile phone at the same time. But still many people get into accidents and find themselves in much more trouble than they would have been in had they just concentrated on driving.
Any sort of mobile phone use while driving – regardless if you’re sending text messages or talking to someone – is incredibly risky for you and your passengers. Your reaction times and alert levels are decreased owing to the divided attention you’re giving the road and the phone. So a car might suddenly swerve in front of you on highway, and since you’re talking to someone else, you might not be able to make the right move in time. Even if you have a Bluetooth headset, it’s still a fact that you’re not fully concentrating on the road ahead of you.
Insurance Company – All the Same?
Posted by Administrator
That’s what many people assume and leads them to obtain the first one they can get their hands on. That is always a wrong assumption for the fact is that many small yet very important differences may exist in the different policies and the types of additional coverage they may provide(hence the pronounced price differences). As with any investment, shop around and try to get in touch with agents who can further elaborate on their offers for car policies. These people are the best sources of information but do not be surprised to find subtle differences from different agents selling the same product from the same provider.
These small differences may have to do that the agent has volume discounts and other incentives from the providers that they are willing to pass them onto their customers as a perk. Loyalty is always good but changing from time to time keeps your agents on their toes which you can use as bargaining chips. Having commission-based salaries, haggling takes you to a plane where the agent wants you and you wang them, if the price is right that is.
Read the Fineprint !!!!!!!!!!
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In a recent post, we discussed the probability of car modification as a ground for the default of your auto insurance which is a reality. But do you know that even the simplest of modification or improvement that may have changed the status of your car from the factory may have the same effect. Take the craze for fuel saving gizmos and gadgets that have victimized people and resulted in many a burned cars. The simple addition of these bolt-on devices have in fact violated their car warranty and insurance policies at the same time. Many insurers will and do conduct their independent investigation regarding accidents and similar instances and if they find any non-stock additions to a vehicle, they have the right to deny coverage.
This is included in the fine print of your contract so do contact the insurance firm for clarifications should you consider getting any upgrades or modifications installed. This would save you time and spare you the inconvenience of getting the cold shoulder from them should you need their assistance in the future (hopefully not in the too near future).
Customizing Your Car . . .
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Image Source: webdesign.org
Personalized cars are the craze these days. All sorts of accessories are coming out in the market that stamp a car with its driver’s personality and style. Many car owners add customized murals, spinners, pipes, LCD monitors, DVD players, chrome rims and grills, exorbitantly priced stereo systems, ground effects and hydraulics. Check with your agent how much it would cost for these babies to be covered in your policy. Remember also that safety is of the utmost importance. When making modifications in your car, be sure that your parts are safely installed by a competent professional. Some drivers or car owners try to do the work themselves. As a result, these can be installed improperly which could pose a hazard to you. Getting a professional to do it for you will mean safety and savings for you in the long term.
Pimped Rides
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Image Source: ratemyride.com
Customed or modified cars in any way can attract higher insurance premiums. One reason for this is due to the amount of modifications possible to do to a car. From the very simple changes like as fitting alloy wheels, body kits and tinted windows,increase its speed and performance. These few examples don’t come anywhere close to the actual number of modifications that are possible. In many different ways, there is ample scope for insurance premiums to be affected.This tends to make modified car insurance a confusing topic, and can leave the whole thing wide open to a lot of speculation. Behind the rationale of it that modified cars pose a much higher risk on the road. However, finding an insurance company willing to give a quote is not altogether impossible. Specialist insurers who have built their business around the modified car market are willing to give a quote. If your lucky and find several of the well-known brands who are still willing to give a quote too. It all depends a lot on the amount and type of modifications that you have made. Too many, could well be left you with only the specialist insurer willing to give you cover.
Do I Need Gap Insurance?
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You’ve just driven your car off the lot, when Murphy’s Law strikes. An accident damages the fender of your brand new car. Well, not to worry, you’re insured, right? Not exactly. You may not know it, buy the value of your car plummets, by as much as 20%-30% once it leaves the dealer. So if you get into an accident, even with full insurance coverage, you’ll only receive the market value of your vehicle which will be lower than your purchase price. That means you’ll have to shoulder the difference. If you have Gap insurance, you’ll be covered for the difference between your loan amount on the car and the car’s actual market value. But since this is not a requirement, some insurance companies may not offer Gap insurance. So before deciding to purchase your new car, check with your current insurance provider about Gap insurance. If it’s not included in the premium, you may want to purchase Gap insurance for a reasonable additional cost.
Cheap Auto Insurance
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Image Source:www.womanscarinsurance.net
In getting auto insurance drivers that launch a search for cheap auto insurance are instead hit with high rates. Usually, they are the new drivers and the young drivers.
In purchasing insurance policies, there is a possibility of getting an insurance package where a homeowner can get a home insurance packaged with a cheap auto insurance from the same insurance company. Another choice is getting a cheap a multi-auto policy for families that owns several cars that needs insurance cover. Companies tend to lower the price of auto insurance when a insurer covers more than one auto. Relocating the residence of the auto owner is another way of getting cheap insurance. Nowadays with the prevalence of on line transactions, the easiest way to get cheap auto insurance is to go online. Insurance companies can now provide quotes to online viewers. This can give the auto owner a way and a chance to view the rates from various companies in a quick and easy manner and make a wise decision after.