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When Does Car Insurance Company Lower Your Premium

August 31, 2009
By author

Reader’s Question:

I am wondering why car insurance companies need to wait for like 4 years or so before they can even consider lowering my car insurance?

Kelly

Dallas Texas

 

Each violation like parking tickets, at-fault accidents, or driving under the influence is allocated a specific point value. Each violation you make has corresponding number of points added to your driving record. Thus, your record gets worse if you gain more points. Each insurance company has its own way of assessing applicants in such a way that the points on your driving record may or may not have an effect on the rates you pay for auto insurance.

Have you incur violations, your policy may be surcharged. The insurance companies will take in consideration your driving record for the past three years as this is a more precise reflection of your violation history. One may say this is looking into the big picture.

You can avail of many free car insurance quotes as plenty as you want and can plug in different violations and dates to observe how they may have an impact on your premiums.

How To Find Reliable Car Insurance Company Colorado

August 30, 2009
By author

Reader’s Question:

What are the characteristics of a good and reliable car insurance company in Colorado?

Diego

Denver CO

Spotting the good from the bad apples among car insurance providers may take some sleuthing on your part. Normally, an insured would say a car insurance company is good because its rates are low. But wait, rates are not everything. You may get a good rate from a company that will close its doors six months from now. What good does the low rates give? Nothing.

A good car insurance company in Colorado must have these characteristics: competitive rates; 24/7 availability; helpful customer service; easy claims processing; and good investment rating from different rating agencies. When you say a car insurance company should have competitive rates, this means the company’s pricing is somewhat similar to others. It is not too low nor is it too high compared to others.

Availability is about getting the services you paid for anytime of the day, any day of the week. Usually, insurance companies have online presence now so this is already applicable to most. If the insurance company is not present online, then, it is suspect. What if you got into an accident in the middle of the night and needs to talk to your insurer? This is also related to customer service. It is useless for a company to be reachable 24/7 if the people manning the phones are unfriendly, unhelpful and indifferent. Customers need customer representatives who can truly help.

Claims processing is another important consideration when rating a car insurance company. You do not need a company who will pass your call from one department to another. You need a company who can immediately process your claims. Before you buy from any company, ask for their claims processing protocol.

Finally, check out the company’s rating. If it is on the investment level, then, go for it. If it falls below the B level, don’t buy from it.

Getting Car Insurance For Vehicle With No “Insurable Interest”

July 25, 2009
By author

Reader’s Question:

I have a sister who lives in a different state. She said she will give the car to my 17 year old daughter as a gift. However, she is still paying off for that car. So my question is, how can we get car insurance for that vehicle? Please we need the answer as soon as possible.

Alice

Miami FL

 

Since your sister owns the car and she resides out of state it might not be easy to get car insurance for the vehicle in your state because you will need to register the vehicle first in your state. I suggest that you contact the Department of Motor Vehicles, or similar agency, in your state to know exactly how you can register the car in your state.

Another problem that I see is that you might have a difficult time getting car insurance for the vehicle or car insurance providers may not allow you or your daughter to get insurance for the car if you do not own the car and there is no “insurable interest”.

It depends on which state you are in however, there are car insurance companies now that let you get insurance in the vehicle even if you do not have insurable interest on the vehicle. You can start obtaining an auto insurance quote for the vehicle now here. Just fill up the form above to find the best quotes that suits your needs.

Best Car Insurance Company

June 11, 2009
By author

Reader’s Question:

How do you choose the right car insurance company?

Blaine

Chicago IL

One of the most important considerations in getting a vehicle insurance is the car insurance company. Finding the right one could mean finding the company to serve all of your family’s needs in terms of vehicle insurances. Discovering that one company who can provide for all of your vehicle insurances will require a little work on your part. What do you need to do to find it? Basically, there are two ways in which to find the right vehicle insurance company: get feedback from people you know, and know about the company’s claims processing.

A good way to know how reputable a company is is to ask people who have an idea of what it is like as an insurance provider. Do not expect their comments to be the same. Some could be negative answers while others could be positive. Just listen to what these people’s complaints are and judge for yourself their validity. Some people have a general tendency to whine, so, make sure to know which among the negative comments actually carry weight. Listen too to the positive feedback because that will tell you where the company’s strengths are. Try to find out if the company has more positive or negative comments from people you know who are doing business with them or have done so in the past.

A good vehicle insurance company should be able to process claims the fastest way possible. It should not keep insureds waiting for their claims since the money would be used for important repairs and even for liability to third parties. In relation to this, a company’s claims processing will relate to its customer service. If the company you are investigating for turns out to be good in these items, be sure to include its name in the list of your probable choices.

Cheapest Car Insurance Company

February 21, 2009
By author

Reader’s Question:

How do I find the cheapest car insurance company out there?

Joshua

Dallas, TX

There are a lot of car insurance providers out there, approximately 1,500 of them. Some of them sell directly to customers and others go through brokers and agents. With the competition being as tough as it is nowadays, it wouldn’t be surprising if all of them claim to be the cheapest. So how do you know which one is really the cheapest car insurance company? By comparing quotes, and to do that, you would need to gather a lot of them. You don’t have to go through all 1,500 of them, just the ones that are licensed in Dallas. Unless you do a lot of out-of-state driving, then it would be wise to get quotes from ones that also have licenses in other states.

We can often make the wrong assumption that since we’re looking for the same kind of coverage, we’ll get the same rate wherever we buy it. There can actually be a big difference in the way each provider computes its rates. You may think you’ve found something cheap, but a little more shopping can get you something cheaper. If you push it one last extra mile – who knows – you might actually find the cheapest car insurance company out there with your name on it. So don’t settle for the first quote you get or even just the first few. Besides, it is so much easier to shop for car insurance now because of the Internet.