Five Surprising Things That Can Cause Insurance to Rise

Insurance premiums are at an all-time high, especially for vehicles, so here are a few causes that aren't always considered by consumers that might be increasing the cost, without your knowledge. These are applicable for everyone, whether you are looking for regular car insurance, right through to business van insurance.

Turning 50

Believe it or not it’s not only youngsters that get penalized for stereotypes surrounding their age. Statistically, people in the 50 plus age bracket are more likely to have road accidents than other demographics, so premiums are totted up accordingly. Shop around to ensure you’re not paying over the odds for your age; some companies will price match, so speak up and ask your provider if that’s a possibility. 

Credit rating

Most insurance companies will run some form of background check before agreeing to offer you cover and your credit rating is often the first of these. If you happen to have any missed mortgage repayments, credit card charges, or broken payment contracts, then the cost of your insurance is probably going to suffer as a result. This should be a consideration when deliberating whether to apply for another new credit card.

Vehicles power

This is where companies are really making their money. If you happen to own a farm and drive a vehicle suitable for use on that farm, such as a high powered four by four, your insurance will rocket, even though technically you need such a vehicle. You will also find that may insurance providers will not cover this type of vehicle. Where possible, be sensible with what you ‘need’, rather than what you want and be assured you will pay a sensible price.

Security

Security may seem obvious, but it isn't considered by many motorists and it is a hugely influential factor. This includes where you park your vehicle when at work and home, as well as whether it has an alarm. If you go all out with security measures as well as storage (even if that means hiring garage space), you will probably find there is a drop in your annual insurance fee. 

Payment method

Most insurance providers reward customers that pay annually rather than monthly, so it’s always worth asking for a price for a year as well as the price for monthly installments when inquiring. Save bits and bobs of cash where possible throughout the year, to make this one off payment less of a shock.

How to Choose The Right Car Insurance

When it comes to selecting a car insurance provider, it is important to compare and assess the many factors that are in play. It can be daunting to sort out all of the factors as each company claims to give the most discounts, the best rates, and the best customer care or perks. Selecting which company to go with can involve abundant amounts of research, but not many people know what to look for. 

FindTheBest, an unbiased, data-driven comparison search engine, has developed some tools that may help you with your car insurance search. This post will breakdown some of the most important factors used to compare car insurance companies and will educate you on how to select the best fit for you. Please feel free to test out the interactive tools included below, as they can help you narrow down your search results and create side-by-side comparisons for insurance companies that fit your needs best.

Car Insurance

Comparison Factors 

1. What You’re Currently Paying 

Although it may seem obvious, it is easy to overlook what you’re paying now and exactly why you are paying that amount. This should be your first step in selecting a new auto insurance provider. Understanding your rate is essential to buying car insurance. Every year your car insurance company sends out a comprehensive policy breakdown that shows what you’re paying and what you’re getting for your money. If you do not know where this document is, you can request a copy from your insurance agent. This step is essential in your hunt for a new car insurance provider and will help lead you in the right direction to what you are ultimately looking for. 

2. Amount of Coverage You Actually Need 

You now understand what you are currently paying for, but what coverage do you really need? You must answer question like, how much is your car actually worth? How much do you drive? Do you have long commutes or can you walk to work? Car insurance covers more than the cost of the car, it covers liability such as medical fees and legal fees. It is also important to understand the deductible. A higher deductible can be a headache if you actually get in an accident, but can eventually save you money long-term. If you rarely get into accidents, it would be wise to lower your premium and set aside funds for emergencies to cover the deductible. 

3. Hidden Fees 

Insurance agents will tell you all about the great discounts you can receive, but rarely do they divulge the hidden fees. These fees require a little more research than usual. Car insurance providers tend to charge you more if your marital status is either single or divorced. The easiest way to identify these fees is to run a free quote, and then running a second free quote with a changed marital status. If the quote is different, you know there is a hidden fee. Other examples of hidden fees include, the type of car you drive, where you live, where you work, and your credit rating. 

4. Best Deals Offered 

FindTheCoupons, a FindTheBest site, was created to make your life easier. Finding a coupon for car insurance should take no longer than a few seconds of your time. FindTheCoupon can help you find great deals on car insurance companies and will further assist you in finding the best fit for your next provider. This resource will allow you find affordable car insurance and provides user reviews for the coupons offered. 

5. The Car You Drive

Cars Ratings and Reviews

One of the biggest factors that car insurance companies consider when determining your rate is the type of car you drive. It is often assumed that your rate is correlated to the value of your car, but it is also related to how likely your car will inflict damage on another vehicle, or how likely your car is to get stolen. 

Other factors include how safe your car is and how much repair costs would amount to. It might be wise to keep this in mind when shopping for your next car. Some car insurance sites provide lists of cars and how much they cost to insure them. As long as you do your research on safety ratings you should be in the clear. 

It is always smart to consult with your agent if you need any questions answered. Searching for your car insurance provider can be a tricky topic and with the tools and tips provided in this post, you will be able to find and compare the best insurance options available.

Role Of A Car Insurance And How To Minimize The Payments

Everyone knows that you are an expert driver. You drive cars smoothly without any trouble. You have driven on every street of the town and never had any trouble. You have managed to survive even on close encounters, so it’s proven that you are an experienced driver. As you are a role model to others when it comes to driving cars safely, you might think that you don't need any car insurance. Saved money can be utilized towards a useful cause. Isn't it?

Why you need insurance?

The fact is no one wants to get in an accident but disasters happen every day. Each year millions of accidents take place throughout the globe. So it is a wise idea to have vehicle insurance. If unfortunately any accident happens then your insurance will cover your vehicle damages and medical expense. Everyone inside the car will be covered. You will save lots of money. 

Benefits of car insurance:

There are many benefits of car insurance. Car insurance can protect your vehicle from natural calamities like, earthquake, hurricane, cyclone and from any man-made disaster. Sometime car cover can be so confusing to understand. Buyers should choose policy under the guidelines of the place they reside.

If your car is an investment then insurance protects the investment from lots of hazard factors. Auto covers are not just about your car, they are much more. Insurance can save you from paying large medical bills. Many car insurances are designed to give you full cover you need. During accident emergencies, car insurance can provide you cash that you need safeguarding your valuable belongings such as home and retirement funds and others.

When an accident happens, many tend to take quick loans from private companies at high interest rate to cover up the losses. If you have insurance then you don’t have to worry about anything as your insurance company will take care of everything you required after the accident to return into same status as you were before. 

Car insurance hunting:

There are endless insurance companies offering vehicle coverage. You can contact any one and have your car covered. Before you shop insurance for your car, you need to keep some points in your mind to minimize the cost. Only buy the insurance that is needed. For instance if you already have medical coverage then taking car insurance that covers medical bill is useless. 

Reduce your payments:

If you want to reduce car cover payments further then don’t go for car insurance that covers towing. Towing can be made easier at cheaper rate. Keep the deductible high to reduce payments. You can also avoid minor claims to reduce the payments.

Finally your driving record can reduce the payments further. People who have clean driving record or drive occasionally get rebates from the insurance company on their payments. You can negotiate with the company to minimize the insurance payments.

If you are searching for car insurance then you can delve into the online recourses. There are many online companies offering reliable vehicle insurances. Make sure that you understand each and everything before signing up with an insurance company to minimize your insurance payments.

Author Bio:Austin Richard Is an I.T professional from pass certification. He is 9L0-412 certified. He is now getting prepared for 9L0-518 exam. He likes to write about Business, and Technology.

The Insurance Costs of Senior Driving

Research has shown that older drivers may have memory problems, slower reflexes and impaired vision, factors that increase the risk of having an automobile accident. Whilst drivers over the age of 25 generally enjoy lower rates, drivers over the age of 70 are often considered "high risk" by insurance companies because of the assumption of more accident risk. 

If you're a mature driver, you've probably already dealt with the frustration of car insurance. Your premiums may have risen already or your insurer may have dropped you entirely. You don't have to give up driving completely just because of expensive insurance, however. If you shop around and do a little legwork, you can make your insurance affordable again.

Think "Safe"

Insurers will give you a lower rate if you have a newer car with a high safety rating with safety devices installed, such as anti-theft devices. You'll also receive discounts for completely senior driving safety classes. Check with your insurer or the companies you're considering for a full list of ways to get discounts on your senior policy.

If you have an older vehicle, consider your current coverage levels. You may not need comprehensive coverage on a vehicle with a low replacement value and states that mandate car insurance usually only require liability coverage. Liability coverage is less than a fully comprehensive policy and will protect you from some or all personal liability claims in the event of an accident. 

Drive Less

If you're not driving every day and can cut your driving down further, you may be eligible for a limited driving discount or limited policy. The limited miles policy will cost you less than a standard policy. This option will not work for senior drivers who still use their car frequently, as violating the limited miles amount will cost you.

If your spouse is on your current policy with you but has a poor driving record, you may want to consider becoming the sole driver in the household. Seniors with past accidents will have higher premiums and a harder time getting coverage than seniors with good driving histories. The driving record of covered drivers on your policy is a factor in your rates, even if you're the main policyholder. 

Compare

Auto insurers offer different types of products and coverage prices to senior drivers. Contact each insurer in your area for a quote on their rates for senior drivers. Compare quotes by premium amount and coverage level to decide which policy will meet your needs at the lowest rate. Be honest about your driving record to ensure you're getting accurate rates to compare.

Some insurers have quote forms available online, but you may have to give out some personal information. If you're uncomfortable giving out the information on the Internet, contact the insurer by phone to receive an accurate quote. Don't sign any policy paperwork or make any payments until you've reviewed the policy in full and confirmed the coverage levels and premium amount. You can find more tips on how to control your motor spending at www.CarFinance247.co.uk.

Tips to Find the Right Insurance for your Car

There are many factors that go into finding the best insurance plan for your vehicle. It’s not always the best idea to simply go for the cheapest insurance plan because in the long run, you may actually end up paying more money. As any truck crash lawyer will explain, if you don’t choose wisely, you may have to cover for more expenses than you bargained for in case of an accident. 

Therefore, make sure you go through the various factors involved and have full knowledge of the details before finalising on an insurance policy. 

Check the value of your car: Depending upon the value of your vehicle, your insurance would vary. If you have an expensive car, you would want to get a more complete or comprehensive plan that would cover incidents such as theft, vandalism, fire etc. However, if you don’t have a very expensive car, you may not need a very comprehensive plan which can run more than the actual value of the vehicle.

Keep your record clean: While you can’t possibly go back in time and change your driving history, it’s always a good idea to keep in mind that you insurance premium will depend upon your driving history. This is because if you don’t have a history of accidents, there is less possibility of your being involved in an accident due to negligence, and therefore you are less likely to file a claim. So not only do you steer clear of any truck crash lawyer by driving carefully, you are likely to get a discount on your insurance premium as well!

Avoid adding other people on your plan: The more drivers you add to your policy, the more expensive your premium is likely to get. In order to avoid this, try and keep this number to a minimal low. Include only those people in your family who absolutely must drive the vehicle separately. This is because the more the number of people drives the car, the more chances there are of an accident and therefore the more likely you are of filing for a claim. 

Keep the embellishments to a minimum: Believe it or not, the more customizations you do to your car, whether it’s fancy alloy wheels or expensive stereo systems, the higher your premium amount is likely to go up. As any good truck crash lawyer can vouch for, these are probably some of the lesser known facts about car insurance premium prices. However, if you do have expensive customizations in place and you have an expensive car, it’ probably a better idea to go for a full cover plan.

These and various other factors are involved in deciding the best insurance plan for your car. If you ask any truck crash lawyer, they’ll tell you to look for a plan that will give you sufficient coverage and not just the cheapest premium, because if you compare the amount of money you’ll have to pay in case of accident, you’ll probably end up saving money if you had invested wisely in your insurance policy.

Kristen is a freelance writer who writes on different topics such as finance, insurance and business. She holds bachelor’s degree in electronics. Her famous articles includes article on truck crash lawyer. She loves to travel and make new friends.

Should I Consider Temp Car Insurance for a Holiday Road Trip?

If you are planning a holiday road trip, temp car insurance is a smart way to go. However, you will first need to consider a few things before making your choice. So let's examine whether this type of short-term policy will be best for your personal situation. 

Do you already have Car Insurance?

First of all, you need to think about whether you have your own car insurance policy entitles you to. If you are fully covered, and you have a fully comprehensive policy, purchasing additional temporary insurance might not be necessary.

But if you don't have any type of policy at all, and you don't intend to get a full policy, temporary insurance coverage is not only a good idea but an obligation. Remember that you need some form of insurance in order to drive a vehicle, so if you are not willing to pay for an entire year, only paying for what you need is the best option.

With short-term car insurance, you can take out cover on a car for as little as a day or (in some cases) as much as 28 days. And as most insurance firms are able to provide you with a policy online or over the phone, you can get out on the road in no time at all.

This makes temporary car insurance a great option if you have just bought a new car, and need cover for that special first drive home!



On top of this, you need to question who is going to be driving the vehicle. If it's only going to be you, you'll have no problem. But if there are going to be several different drivers, you'll have to make sure that they all get added onto the policy.

Always talk to insurers about this to make sure that this doesn't add up to any additional costs. If you fail to notify the insurer of your intention for different drivers to use the vehicle, you may find yourself in hot water should you be involved in an accident or any other unfortunate incident.

Why Get a Short-Term Policy

The beauty of short-term car insurance is that it is extremely convenient and very affordable. However, if you will use the vehicle again on a regular basis, getting a normal policy is your best bet.

There is also a protective factor to think about. If you have an accident when driving under a regular insurance policy, you will lose your ‘no claims’ bonus should you decide to claim. If, however, you are driving under a short-term policy, your regular long-term policy will stay safe.

When going on a road trip, where accidents might be more likely to occur, a short-term, temporary policy can be extremely beneficial in helping to provide that additional protection.

If you do decide to go ahead and get a temp car insurance policy, always shop around. There are dozens of different insurers you could use, so make sure that you spend some time comparing rates in order to get the best possible prices. 

Save Money on Auto Insurance

 (Photo credit: Wikipedia)

When it comes to finding ways to tighten up on the budget in tough times, many people, including me, look right past the most obvious solutions. 
Car insurance is one of the largest ongoing liabilities that any household incurs. Of course you cannot go without auto insurance, especially if there are kids in the house. The only alternative is to find the most cost effective solution on the market. 

Once you get tired of searching around the market for the best deals like I did, you can go to ifaauto.com for the best long term deals. I was so sick out trading out company for company every six months just to take advantage of some introductory offer so that I could save money. When it came to ifaauto.com cheap auto insurance, they had the best deals on their regular plans, not just their introductory plans.

Not only does this company have a cost effective plan for everyone, but they also have first rate service for the cost. You should not give up any kind of safety just to keep car insurance that does not actually help you. With ifaauto.com, you get the best of both worlds without having to spend your entire workday searching. True story: I almost got fired because I was searching for car insurance on the company dime because the best deals were simply too hard to find. Fortunately, I was able to tell you about ifaauto.com so that you do not have to go through the same thing.

What Will Be Replaced After An Accident

A car accident (Photo credit: Wikipedia)

When it comes to purchasing a car we all have our own set of preferences on what we require but what about when it comes to gaining some perspective when one is involved in car accident? The first order of business would be to deal with any kind of medical issues and then contact one’s car insurance company. Depending on how much damage is involved car insurance coverage can replace the entire vehicle or certain portions of the accident. A car insurance quote can generally be done within a few hours once the car as been assessed by a qualified car mechanic.

In some cases policy holders are redirected to their insurance company’s affiliates to get several auto insurance quotes so they can begin the process of repairing their automobiles. Most firms will have a listing of multiple vendors that can assist with auto insurance quotes. In general most vendors will have a variance on any kind of car insurance quote which makes it a necessary investment in time to do some research. Getting great auto insurance quotes can sometimes be through a family member or close friends but one should check with their primary car insurance company to see that they are part of the company’s designated firms as some will not extend funds if they are out of their working network.

Once the individual reaches a mutual agreement with the vendor the car insurance quote for repairs can be passed on to the individual’s insurance company. It is the responsibility of the vehicle owner to authorize payment from their car coverage company and also if there are any additional funds that may be needed to pay for what is not covered before the vendor can proceed with repairs. Many times insurance quotes are limiting as to what the dollar value of the car would be at the present time. To get auto insurance quotes that have unbeatable coverage one has to have a great driving record with no more than 1 or 2 accidents within the last 10 – 15 years. The amount of time spent on the road as well as locations driven is also vital to getting cheap auto insurance.

Benefits of Having Car Hire Excess Protection

English: Rental hire car park, Aberdeen Airport (Photo credit: Wikipedia)

While driving a hired car, you should have car hire excess insurance. If any accident occurs or the car gets damaged or people get injured due to your fault you have to pay a large amount of money. Sometimes you have to pay even if there was not any fault of yours. Car excess protection can help you in these cases. While driving a rental car, you will get protection in any case of accident if you have car hire excess insurance. 

Excess insurance covers you for the expenses occurred due to damages in a car after an accident and it confirms that you don’t have to pay to settle things. When going for such policies it is very important that you must know how much protection you will get while paying for car excess protection insurance. All insurance policies are not the same, some policies would not give you cover against some common damages. For example, some companies do not provide cover against damages to windscreens or tires. So it is very important to know what you will be getting before investing on any type of car hire excess insurance.

Buying car hire excess insurance provides mental peace to the buyers. You will not be responsible for any kind of accident or any damages and you will get protection for any kind of damages to the car. Car excess protection will cover you even in cases of vandalism, theft of the car, or if the car catches fire.

When hiring cars, you will be offered by the company to purchase car hire excess insurance. The cost of those insurance is very low and they don’t protect all types of damages which the car could sustain. Many people are unaware of the fact that far better alternatives are there and they are easily available. It is just you need to research a bit so as to get the best policy for your hired car. It is always a great idea to invest some time on net and search online so as to get good information on the all available options. You can compare the policies and then decide which one to go with as per your need and budget.

Online car hire excess insurance is also beneficial if more than one person is going to drive the hired vehicle. Sometimes few insurance policies charges extra for second driver. But if you decide to purchase your excess insurance online, they might give you cover for any driver and no extra cost might be charged for that.

If you are opting for daily car hire excess insurance, you must check the rental period before purchasing. If you are hiring a vehicle for a longer period of time, it is better to purchase an annual car hire excess insurance which gives some additional facilities.

While hiring a car, it is good to have a car excess protection. Sometimes an accident can cost much more than the premium of insurance thus it would not be a wise idea to ignore excess insurance. If you are going for car hire excess insurance, you will have mental peace while hiring a car when you are out of station. It will help you to save money if you face any kind of accident while driving a rental car.

Author Bio:

This is a great and an informative post by Titli.