Auto Insurance

How To Choose The Right Auto Insurance Coverage

At one point in driving history auto insurance was optional. Today, it is mandated in every state in the country. Driving without valid proof of auto insurance can mean a large fine. Making sure that there is adequate auto insurance coverage for a vehicle today is also very important for other reasons.

With the high amount of traffic on the road there are more accidents. Auto insurance provides physical and medical protection in the event of a car accident. However, not all auto insurance coverage is created equally. There are different levels of insurance, and today, many different price ranges. How does one pick their way through the confusing waters of auto insurance?

Choosing the right auto insurance coverage can be easy when a person is armed with the right information. Today’s insurance market is flooded with companies that are offering very low rates and customizable insurance packages. Several companies, and internet insurance agencies, have changed the way that people buy car insurance. So, with all of these options, how does someone choose the right coverage?

Two Main Types of Auto Insurance

Before stepping foot into an insurance agency, or looking online at the different options, one must be familiar with the two main types of auto insurance. The first is the basic type of insurance that is required by law. The second is a more comprehensive insurance package with a higher level of protection.

Liability Auto Insurance

By law, every car in the country must be covered with a Liability Coverage. This coverage is basically for the “other person”. This type of coverage is to protect you personally if the accident is your fault. If there is any type of physical damage or personal injury, this protection kicks in. There are large deductibles that can be associated with this type of insurance.

Comprehensive Auto Insurance

For a more complete auto insurance coverage policy, a comprehensive package is the option to choose. This type of insurance type covers the car owner from not only accidents, but theft, fire, and vandalism. It can be customized as to the amount of deductible you pay. It is important to note that the higher the deductible the lower the premium.

Other Options Available

Besides these two main types of auto insurance, there are a few others that may be suitable for specific circumstances. Drivers can choose from uninsured motorist protection, personal injury protection, and even rental insurance.

Factors in Choosing

Armed with this information, there are two main factors to help you choose the right auto insurance coverage for your vehicle. First, you should look at your budget. If you can not afford a comprehensive insurance package, you will at least need to have the liability insurance. Another factor is the amount of driving that you will actually be doing. Living in a rural area of the country may mean more driving time, but less traffic. Consider these two factors and then talk with the insurance agent about what is best for your needs. 

Top Ways to Cut Auto Insurance Costs

Unemployment is at a high, employers are cutting salaries, and your auto insurance premiums seem to be going up. Although this might be new to you, there are several tried and proven techniques for cutting auto insurance costs. Check out these six ways for a lighter auto insurance bill in 2010.

Top  Ways to Cut Auto Insurance Costs

Cut Auto Insurance Costs by Shopping Around

The most effective way to cut your auto insurance costs is to shop around. This seems obvious but doing this will result in your biggest cost savings. Keep a copy of your current policy in front of you as you shop online or over the phone. Get quotes for the exact same coverages you currently have. Once you have shopped around and gotten atleast five quotes compare the prices. Before going with the new auto insurance company, make sure to check the company out for complaints against them.

Increase Your Deductible to Cut Your Auto Insurance Costs

Auto insurers offer cost savings on your premiums if you take on a higher deductible. Call your agent and ask for price quotes with your deductible set at different levels. The most common deductibles are 0, 0, and 00. By taking on more of the risk, you will effectively cut your auto insurance costs.

Cut Costs by Paying in One or Two Installments

Many auto insurance companies will reduce the amount of premiums you pay if you pay your insurance annually or semi-annually. This benefits the auto insurance company by them getting their money upfront and they pass some of these costs savings on to you. If you are current paying your premiums monthly, call your auto agent or insurance company directly and ask the if they offer this type of discount.

Cut Auto Insurance Costs by Adding your Homeowners Insurance to the Policy

The more business you give to your insurance company the better discounts they will give you. You can cut your auto insurance costs by adding additional policies with your auto insurance carrier. If you currently have your homeowners insurance through a different company, call your auto insurer and ask them what type of discount you could get by adding this. Try this and you could just cut your costs for both your auto insurance and homeowners insurance!

Driver a Car that is Cheaper To Insure to Cut Auto Insurance Premiums

Did you know that certain cars cost more to insure than others? The auto insurance companies take into consideration the cost to repair each vehicle when figuring the premiums. If you are in need of a different car in 2010, the right one just could cut the cost of your auto insurance.

Robot Ride = Cost Savings

A unique benefit currently offered by Progressive is a cost cut in your auto insurance rate if you fit a certain criteria. Tom Barlow states in his article on this topic “The company uses three criteria for the MyRate discount: defensive driving practices, low annual mileage (under 10,000 miles), and little driving after midnight.” How do they measure this? They install an electronic device in your car that measures the time of day you drive along with your driving behavoirs.

There you have it. Six ways to cut auto insurance costs. Cut auto insurance costs and save money by simply shopping around or try the unique plan offered by Progressive with a Robot device installed in your car. Try one of them or try them all, but most importantly find a way to cut those costs!

Car Insurance

Do you use your car for commercial purposes like making deliveries and visiting contacts? Then you fairly need to purchase commercial car insurancefor this type of car. The personal auto insurance policies could deny coverage once the car is used for the commercial purposes. This is for the reason that, it generally covers only the ones which is in regular and daily use. This thing exposes a small business owner into serious financial losses, once the car has been involved into some sort of accident.

The commercial car insurance could help you out, as they cover the repair as well as the replacement of the damaged vehicle and shoulders the cost of claims for some sort of injury or damage into the property. On the other hand, what are the other benefits that you could take with car insurance? Well, here are some of those:

You can save- with such; there are lots of ways for you to save money into your commercial car insurance. If you are regular insurers who are carrying this kind of insurance, it would be a good idea for you to take out some kind of insurance from it. It could be by purchasing homeowner’s insurance as well as commercial vehicle policy. Some of the insurers could also add commercial coverage into your regular car insurance as the rider, whenever you need it.
Avail of the discounts- if you have car insurance, there is a possibility that you could get discounts on your insurance throughout the usual methods. Simply ensure that the vehicles have its safety features like automatic seat belts and anti-theft devices like the car alarms and locking devices for the steering wheel and constantly parking the car into well-secured parking lots and other devices.

If you would like to get those advantages mentioned above and secure your commercial car for any sort of bad luck, it would always be a good idea for you to consider getting car insurance.

Do not wait until it’s too late and you find yourself losing all of your hard earned money and business just to pay unexpected events.

Car Auction Results

In May 2011 took place in Cernobbio, Italy the first European car auction organized by RM. The car auction results made it possible for this auction house to record sales of 23 million Euros by selling 32 high quality cars (six of these cars from the Bertone car collection).

The star of this 2011 RM car auction was the incredible 1955 Ferrari 375 MM Berlinetta which convinced its new owner to pay €3,360,000. This classic car is equipped with a 4.2 liter V12 engine able to produce 320 horsepower and a four-speed manual transmission. It was restored by Wayne Obry and is the last model manufactured by Pinin Farina. The second best sold classic car was the breathtaking 1938 Talbot-Lago T150-C SS sold for €3,136,000. This amazing classic car is equipped with a 3.9cc V6 engine able to produce 140 horsepower, a four-speed gearbox, an independent front suspension and four-wheel drum brakes. It was completely restored with the help of a talented team that used interior upholstery similar to the original one and carefully repaired the wooden trim and the instruments.

Another spectacular sale was that of the 1957 Ferrari 500 TRC Spider which impressed its new owner and convinced him to spend €2,800,000. This is a classic sports racing car equipped with a 1.9 liter DOHC four-cylinder engine able to produce 190 horsepower. It also features a four-speed manual transmission and two Weber 40 carburetors. This is the 6th of the total of 19 cars ever built. Another expensive Ferrari sold was the 1959 Ferrari 250GT LWB California Spider sold for no more and no less than €2,520,000. This Ferrari impressed its new owner with its exterior design, its powerful 2.9 liter V12 engine able to produce 240 horsepower and its four-speed manual gearbox. It was recently restored and won the Platinum Award-level standards from the Ferrari Club of America.

The 1967 Lamborghini Marzal part of the Bertone collection was one of the most interesting cars auctioned. It features a V6 engine able to produce 175 horsepower, a five-speed gearbox, antiroll bars and many other incredible engineering components. The new owner paid €1,512,000 for this landmark example of the futuristic Lamborghini design. Another classic car which was sold for more than one million Euros was the 1937 Mercedes-Benz 540K Cabriolet A. This classic car comes equipped with a V8 engine able to produce 180 horsepower, a four-speed manual transmission and an incredible blue exterior color. It convinced its new owner to pay €1,400,000.

The outstanding sales of this 2011 RM car auction continued with the auction of a 1954 Aston Martin DB2/4 Competition Spider included in the Bertone collection and sold for €672,000. This car is one of the three vehicles built using a 2.9 V6 engine able to produce 140 horsepower and a four-speed manual transmission. Another classic car sold was a 1957 BMW 507 which convinced its new owner to pay €728,000 and is equipped with a 3.1 liter V8 engine and a four-speed manual transmission. It’s one of the only 250 models built and was fully repaired by a previous owner.

Another favorable car auction result was registered because of a 1970 Lancia Stratos HF Zero which managed to convince its new owner to spend €761,600. This incredible classic car is the functioning prototype of Marcello Gandini design being the first successful rally car. It was fully restored in 2000 and features a 1.6 V4 engine able to produce 115 horsepower, a five-speed gearbox and a futuristic design. The auction also hosted a 1939 Delahaye 135 MS Grand Sport Roadster which was sold for €784,000.