Showing posts with label insurance quotes car. Show all posts
Showing posts with label insurance quotes car. Show all posts

Thursday, August 15, 2013

Taking Full Advantage of Senior Savings with the More Obscure Car Insurers

Edward Oberg has retired from the insurance game and now spends his time reading cheap genre novels, shaking his head in dismay at the state of movies these days, haunting yard sales and hunting for the monster brook trout that delights in mocking him. He has vowed to defy the accepted wisdom regarding boring insurance reps by being extremely interesting.

I have a friend who told me recently that the best thing about getting up there in years is the assumption of wisdom people attribute to us, the finely-aged. Age-bringing-wisdom sounds good to me so I certainly won’t be disputing that particular assumption any time soon. Especially because sometimes that kind of thinking is worth more than the joy it brings us when we get to tell younger people The Way Things Are; sometimes it has practical benefits- like saving you money. Car insurance is a perfect example. For the particulars, read on.

Things Everybody Should Do

Some of the most pragmatic money-saving solutions are more universally-applicable than age-specific.

· Shop Around. Doing research to determine the best car insurance for you seems like a no-brainer, right? But sometimes people are swayed by the convenience of provider’s enrollment process or by the impressiveness of a talking gecko, streak-haired woman with a price gun, etc. Age has also given us patience, or so they say, so look around a little bit. There are a number of good search tools and smart-device apps that can aid you in your search.

  • Don’t be Insurance-Complacent. I can’t count the number of times on the job I’d talk to people who stuck with terrible auto insurance coverage for years because that was the insurance they’d always had, and/or that their parents, friends, siblings, whomever had had. Even (perhaps especially) if you have insurance and have had the same policy for years, it can’t hurt to do some comparison browsing.
  • Prevention and Preparation. If an ounce of prevention is worth a pound of cure, a nickel of insurance is worth a dollar of out-of-pocket. Go over your insurance package, even if it’s one you’re content with, and look over your coverage choices. Do you have rental insurance? It’s almost never worthwhile, particularly if you don’t plan to rent a car. Do you have towing insurance? That can come in handy but if you’re also a member of AAA, can change a tire in a flash and you keep your vehicle in tip-top shape- in the event of a crash, towing is almost always covered anyway.
  • Request a Higher Deductible. This one can be a gamble but the higher your deductible, the less you pay a month. Of course, if you do have to file a claim, you initial out-of-pocket is more. But that can pay for itself pretty easily if you go ten years without a crash and have paid in less each month for you insurance.

Consider Using Pay As You Drive Coverage

Depending on your driving habits, looking into a pay as you drive (PAYD) policy, also known as “pay as you drive”, can save you a good deal of cash. Since (some of) us older folk have slowed down a bit and (some of us) probably won’t be cruising the main, bar-hopping, drag-racing or in some cases, not driving to work every day. Some PAYD policies not only lower your monthly rate the less you drive, it also tracks driving habits with an internal driving-habit-recording doohickey. If you don’t drive all that often and/or drive carefully when you are out and about- PAYD might be for you.

The Senior Discount and the Less-Known Insurers

Those earlier-mentioned huge insurance houses with their anthropomorphic geckos and disaster-personified spokespeople and whatnot have a huge share of the market. They’ve also gotten some bad press recently for their customer service and rather calculated, sometimes outright cruel-seeming habit of doing what it takes to pay as little as it takes. Some of that is just the nature of the beast- when you're one of the top three huge with millions of clients between you, it’s hard to pay attention to the needs of that many people.

That’s good for you though because some of the well-established but lesser-thought of insurers have responded by appealing to more niche markets… like us! I’ll give you an example: although The Hartford isn’t exactly an unknown insurance house, they’re not often thought of for auto policies. However, they consistently rank as one of the top providers. In 2012 they topped JD Power and Associate best car insurance provider list and came in at number three on MSN Money’s ranking, plus ranked among the top five on virtually every other list of the kind. Most often cited was their pricing and the helpfulness and amiability of customer service people.

What’s most relevant to us though is their teaming up with the organization previously known as the American Association of Retired Persons to provide hybrid AARP insurance. Again, that’s just one example but feel free to look into this stuff yourself if you’re interested in keeping more cash in your pocket for expensive meals at great restaurants and fine wine… er… and by that, of course I mean Lawrence Welk albums Matlock DVDs.

Wednesday, April 10, 2013

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.

Join 1000's of People Following 50 Plus Finance
Real Time Web Analytics