insurance 2.20

Perris, Calif. (PRWEB) December 29, 2011

Mexican Insurance Store, one of today’s leading providers of online Mexican auto insurance, has been working on raising awareness about buying Mexican insurance on the Internet. The company’s website is available 24/7, and Mexican insurance Store has been noticing an uptick in the number of policies that are being sold on the weekends and weekday evenings. “While some folks plan out their Mexican vacations ahead of time, others are happy to head out on a total whim,” says Linden Gray, the president of Mexican Insurance Store. “Some of those people don’t realize that they can buy a Mexican insurance policy at any time of the day or night through our site, so we’ve been working harder than ever to make that more widely known.”

Through the company’s website, a traveler can log on and choose from a wide selection of Mexican car insurance policies. The site doesn’t shut down at night or on weekends, so travelers can click their way over to the site to get the Mexican auto insurance that they need at any time. “We keep track of the types of Mexican car insurance policies that are purchased and when they are purchased,” says a Mexican Insurance Store IT professional. “While more Mexican auto insurance policies are sold during regular business hours, plenty of them are sold in the middle of the night and at other somewhat unusual times. There’s no telling when someone will need Mexican insurance.”

The company’s quote system is also available 24/7. Travelers can visit the site to find out how much a Mexican auto insurance policy will cost at any time of the day or night. “I’m the type of person who likes to do research in the middle of the night, when things are nice and peaceful,” says one longtime Mexican Insurance Store customer. “I’ve always appreciated the fact that the Mexican Insurance Store site is available at all times. I’ve requested and received several quotes in the middle of the night from the site, and it’s worked perfectly fine each time.”

Mexican Insurance Store has never had a reason to shut down its site during the wee hours of the night. “Our customers need to have access at all times,” adds Gray. “Some people work night shifts, and others may just be impulsive and want to hit the road right away. We’re not concerned about why they want to access the site; we are strictly concerned about connecting them with high-quality Mexican car insurance policies when they need them the most.” The site is also open on all major holidays, and purchases can be made at any time.

While it’s true that shacks along the border sell Mexican auto insurance at all times, Gray advises against buying coverage from them. “Most shacks at the border charge more and provide less for this type of coverage,” he says. “Anyone who cares about saving money and buying reliable Mexican auto insurance is wise to buy their insurance online from Mexican Insurance Store before hitting the road.” Furthermore, there’s no need to wait in line when buying Mexican auto insurance online. “It’s so nice to find a policy and pay for it in just a few seconds,” says one customer. “The fact that I can do that at any time is especially nice.”

About Mexican Insurance Store.com

Mexican Insurance Store is the largest provider of Mexican Auto Insurance in South Californias Inland Empire, the 3rd most populous metropolitan area in California. The company offers a variety of Mexico car insurance policies online and provides Mexican auto insurance to Canada and US travelers nationwide. Self-service policies are purchased and printed instantly by customers or created by Mexican Insurance Store and emailed or faxed to customers in minutes at no additional charge.

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Retirement years should ideally be carefree years where you indulge in your favourite activities without worrying about the costs. These activities could be holidaying at your dream destination, buying expensive art, antiques or collectibles, showering your kids and grandchildren with gifts etc. Sounds like a dream retirement, doesn’t it? But the power to turn this dream into a reality lies in your hands and the best time to start working towards it is now.

So what is the right approach and what should one do?

Income-earning years is the time when you can save money, but most people end up spending all or most of their money without giving this any thought. The best way to deal with this is to train your mind into thinking that your earnings are at least 20% less than your actual income. This can best be achieved if you instruct your bank to automatically deduct 20% of your salary or income and to put it in a recurring deposit. This will ensure that you do not overspend or end up with a zero balance bank account at the end of every month.

The next thing you need to do is to look for the best possible way to multiply or grow this money. There are varied investment avenues and the choice would differ from person-to-person.

One factor that will govern your decision will be your age. Your risk-taking capacity will be high when you are young say in your late 20’s or early 30’s. This is the time when you can take your chances and invest in medium-risk moderate-returns products, and the daring few can even experiment with high-risk high-returns products. However, if you are an extremely safe investor then you should look for low or no-risk investment options. As you get older, you must look for extremely safe investment options that will give you guaranteed returns.

All-in-all, the safest bet to ensuring good returns and getting a large corpus of funds by the time you retire, is to maintain a balanced portfolio throughout your lifetime and to review your portfolio every few years.

Some of the investment options for a balanced portfolio are:

→ Bank Fixed Deposits

→ Company Fixed Deposits

→ Mutual Funds and SIPs

→ Gold and Gold ETFs

→ Provident Fund

→ Bonds and Debentures

→ Money Market Funds

→ Equity

→ Pension Plans

→ Real Estate

→ Public Provident Fund PPF – Minimum amount you can invest is Rs 500 per year and maximum amount is Rs 1 lakh per year. The interest rates on PPF have also increased to 8.6% per year.

→ National Savings Certificate or NSC – Minimum amount you can invest is Rs 100 and there is no upper limit on investment.

At the same time do not forget to invest in a life and a health insurance policy. A life insurance policy will act as a safety net and ensure that your family’s financial needs are taken care of in your absence. A health insurance cover with a critical illness rider is also a must. The reason for this is that medical treatment costs are escalating and incase of any disease or illness, the expenses can make a dent in your savings. Moreover, treatment of any critical illness like Cancer, Stroke etc can nearly wipe off your savings. And please do make the mistake of underinsuring yourself.

Remember this – Over aggressive investments can take away your hard-earned money, whereas conservative investments may not fetch great returns. The art lies in having a balanced portfolio for that dream retirement!
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Lloyd’s of London is warning that the insurance industry faces an extremely challenging outlook as the world’s oldest market slipped deep into the red following record claims from natural disasters.

An unprecedented run of catastrophes in Australia, New Zealand, Japan and the US has led to insurers paying out billions of pounds this year. This made the first half of 2011 the costliest six-month period in the insurance market’s 323-year history.

Richard Ward, Lloyd’s chief executive, said 2011 was shaping up to be the second-worst year on record for the insurance industry – after 2005, which saw Hurricane Katrina wreak havoc across the southern US. Others, including Lloyd’s of London insurer Hiscox, believe this could easily be the most destructive year ever.

“If we see more catastrophes come through it could well be [the second worst year ever],” said Ward. “Things will get more and more challenging. We’re faced with a pretty dire economic environment. Everyone is talking about sovereign debt default and a double-dip recession. It doesn’t make happy reading. The economic environment is, of course, affecting all our clients.”

This makes it harder for insurers to raise the cost of cover. Ward warned: “While interest rates are low and equity markets are volatile, we can’t rely on investment income to subsidise our underwriting, we must decline under-priced risks.”

Lloyd’s, which began in a coffee shop in the City of London in 1688, slumped to a pretax loss of £697m in the first half, against a profit of £628m a year ago, reflecting £6.7bn of claims.

While insurers have been lifting their premiums to protect against natural catastrophes in Australia, New Zealand, Japan and the US, Ward said that elsewhere rates are flat or even falling. “We do need to see rates go up to restore the industry to profitability,” he reiterated. “But rates are going up from a low level – in 2005 the market was still reasonably hard and there were still profits in the system.”

The frequency and severity of natural disasters is making life hard for insurers. “It does feel as though [natural disasters] are happening a lot more frequently,” Ward said, although he added that “you have to look over 100 years rather than just 10 years”.

“When these events happen everyone does revise their models. But I always say what worries me is the things we don’t model,” he said.

Lloyd’s revealed that it had minimised its exposure to some European government debt regarded as too risky, and was steadily pulling deposits from peripheral European banks. A spokeswoman explained that Lloyd’s had no investments in Greece, and “minimal exposure” to Ireland, Portugal, Italy and Spain. Rather than rushing to withdraw deposits from certain banks, Lloyd’s is shifting its portfolio towards more secure banks as term deposits mature.

Lloyd’s has an investment portfolio worth £50bn, with 38% allocated to corporate bonds, 28% to government bonds, 29% to cash and 1% to equities. Most of its government bonds are UK gilts and US Treasuries, which are seen as safe havens.

Luke Savage, Lloyd’s finance director, said: “Given the uncertainty around the eurozone, we would seek to reduce potential downside risk. As a result, we’re not holding government debt of any peripheral EU countries and have sought to reduce our exposure to banks in these countries.”

Some 80% of Lloyd’s corporate bond holdings are from financial institutions. Savage said Lloyd’s was shifting its holdings towards high quality banks, perhaps with government backing, from single-A rated banks and peripheral European institutions.

MEP Godfrey Bloom, UKIP’s city spokesman, who sits on the economic and monetary affairs committee of the European parliament, said: “Lloyd’s are only doing what they have to do. Their job is to ensure that money deposited with them is treated with full due diligence and care. Anything else than acting to protect these deposits by removing them from potential harm in risky countries would be a dereliction of their duty.”

The news comes a day after it emerged that German engineering group Siemens pulled its deposits out of Société Générale in July.

At 113%, Lloyd’s has a combined ratio – a key measure of an insurer’s underwriting profitability where 100% and anything over indicates a loss – which compares favourably with the 117% recorded by its Bermuda-based rivals and 116% for US reinsurers, although European insurers and reinsurers have a lower ratio of 106%. Ward believes Lloyd’s is benefiting from the diverse book of business that its members write – covering anything from natural disasters to kidnapping, fine art theft and space and satellite insurance.
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Understanding Auto Insurance | Car . Insurance . Online

Auto insurance is a legal requirement of driving. Every driver needs it. Auto insurance is a competitive industry. It certainly is not characterized by monopoly, the traditional basis for price and entry regulation. Auto insurance is so dynamic that it is almost impossible to predict more than six months in the future how much will be paid in claims. Variables such as people moving from one place to another, explosions in popularity of more destructive vehicles like SUVs, changes in driving habits like driving while talking on cell phones, and changes in jury awards are all variables that usually cannot be accounted for until the last minute.

Auto insurance is simply about how much you are willing to pay out of your own pocket versus how much you want the insurance company to cover. Once you decide this, you’re all set to purchase your auto insurance policy. Auto insurance is coverage and protection, and that can vary widely from policy to policy. Auto insurance is a must for all those owning an auto. It offers financial protection when caught in an accident.

Auto insurance is a necessity and not a luxury. In order to get the maximum amount of advantage, the experts recommend making a thorough research in order to shop for auto insurance company. Auto Insurance is not same for all vehicles, it depends on the kind of vehicle, the year etc. Some Insurance companies offer discounted Car Insurance which makes you tension free from your car damages. Auto insurance is not a contract; however, policyholders must be aware that there is the possibility that there may be an amount due after cancellation. This can be due to either unpaid earned premium, cancellation fees (range in the area of $15-$50), or policy fees (usually range from $10-$40).

Cars

Car insurance covers accidents, not diseases, and therefore it can be priced aggressively for those who are willing to take larger risks as to the condition of the car after an accident. There is no liability-only version of health insurance. Carefully read any policies or quotes so that you understand the terms of coverage. Car safety is an issue that won’t go away. The best any of us can do is ensure that we are adequately covered by insurance in case the unthinkable was ever to happen.

Car insurance premiums increase. Data gathered by Experian shows that the typical quote for private comprehensive motor insurance increased by 7.9 per cent in May 2007 compared to the same period in 2006. Cars were getting better, roads were getting better (even if the drivers weren’t), and insurance losses were falling. This reduction in losses meant that auto insurance premiums fell everywhere-including California.

Deductibles

Deductibles vary by state, but are most often in amounts of $100, $250, $500 or $1,000. For example, if you are in an accident that causes $2,500 worth of damage and your deductible is $500, you are required to pay the $500 and the insurance company will take care of the remaining $2,000. Deductibles This is the amount of money you must pay before your insurance company will pay for damages. Higher deductibles (more cost for you in case of an accident) mean lower premiums. Deductibles are the amount of out-of-pocket expenses you’ll pay if you’re in an accident. As a general rule, liability insurance is less expensive than comprehensive and the higher the deductible, the lower your premium.

Person:

Personal auto insurance is available in both California and Florida. Business auto insurance is currently available in California only. Personal injury insurance is designed to cover your medical bills, around eighty percent, and a portion of the lost wages you suffered, around sixty percent, if you are injured in a car related accident. This type of protection will cover your family members or anyone who was in your vehicle, depending on your policy and insurance company. Persons sharing characteristics with high claims groups will be charged more for insurance coverage.

Companies:

Companies normally negotiate this with each other. If you have insufficient coverage, you may have to go to court?thus displaying the tort aspect of the law. Companies use a formula to determine rates. We won?t get into the details of the formula but basically they calculate out the number of drivers they cover, the costs for the previous year including operating, accident, and liability claims, then they do some math and come out with their rates.

Shopping

Shop around: Auto insurance rates can vary as much as 300% between companies for the same coverage. You can save hundreds of dollars a year by comparing auto insurance quotes between companies. Shopping by phone will be available in New Jersey sometime next year. Shop around and do it yearly. Don’t just keep paying the invoice over and over without comparison shopping.

Shop around and compare rates from different insurance companies. A good place to start is the consumer auto section at the Insurance Department’s website, www.ins.state.ny.us.

Discounts

Discounts also depend on your academic grades. Maintain good levels in your college grades and present a copy of your mark sheet to insurance company to receive substantial discounts. Discounts are offered to motorists who drive less than 15,000 miles per year – the lower the mileage, the more the discount.

Collision

Collision coverage pays for physical damage to your car as the result of your auto colliding with an object, such as a tree or another car. This coverage is optional and not required by law. Collision insurance protects drivers in the case of encounters with other vehicles, objects, people, and the surface of the road. Collision insurance will cover the driver whether or not he or she is at fault for the accident.

Additionally, an individual may require a commercial auto policy depending on who is driving or riding in the vehicle. Additionally, some companies receive ratings of R (under regulatory supervision) and NR, which means ‘not rated’. The letter grades might be modified by a + or – mark.

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Top 5 Factors Determining Your Car Insurance Rate
By: Bill Mason
Auto insurance can be confusing and mind boggling sometimes and it’s hard to determine exactly why some individuals are receiving rates which are lower than others. There are many factors which contribute to the rate of auto insurance, some you have control over and others you don’t.

Below you will find valuable information regarding the factors which are compiled in order to determine the rate of your car insurance. These will help you understand important aspects of auto insurance and why some individuals receive higher rates than others. Here are the top five factors which auto insurance companies will consider when determining your rate of insurance:

1. Age – Your age will greatly affect the rate of your car insurance. Teenagers and individuals who are just beginning to drive will have higher rates for no reason other than their age. There is nothing you can do about this, as you get older and become a more experienced driver your rates will go down. Although they will go down, they will not stay down. When you reach a certain age your car insurance rates will go back up because you are an elderly driver and your eyes and coordination may not be as effective anymore.

2. Auto Insurance Companies – This is a factor which you have control over. Some car insurance companies offer lower rates than others for many reasons. It is up to you to choose which one will benefit you the most both now and in the long run.

3. Gender – Whether you are male or female will also affect the rate of your car insurance. This is yet another factor which you have no control over. Females generally have lower car insurance rates because according to insurance companies men are seen as potential dangerous and careless drivers who are more likely to be involved in car accidents.

4. Type of Vehicle – As much as we would all love to be driving a shiny silver Porsche Boxter all around town, the insurance rates for these types of vehicles are unreal. If you want your auto insurance rates to be low, I would suggest driving a car with a lower price tag. The more money your car is worth, the higher your car insurance rate will be.

5. Driving Violations – This is another factor which you have control over. I know how tempting it is to race your friends the moment you get your license for the first time, but the amount of money you will pay in the long run hardly seems worth it. Any form of ticket you receive can potentially raise the rate of your car insurance. If you want to pay less for car insurance I would suggest abiding by the rules of the road.

Although these are the most important factors in determining your rate of car insurance, there are many other factors which also play a part in how much you will pay. Auto insurance is something we all have to pay for, but by researching and understanding the aspects of this form of insurance you are learning how to reduce your rate to your best ability.

About the author: Bill Mason is a retired insurance agent who now writes as a freelance writer for http://www.insuranceguide101.com – a site that offers information on home owners insurance http://www.insuranceguide101.com/home-insurance/, auto insurance http://www.insuranceguide101.com/car-insurance/, low cost health insurance and more.

Article Source: www.isnare.com
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Determining How Much Auto Insurance Coverage You Need
By: Matt McWilliams
The Three Basic parts to an Auto insurance Policy

1: Other Party:

Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today. (BI & PD) Most people understand that they need BI & PD, but they have no idea how to determine how much coverage they need.

Try this simple question: What if your car was involved in an auto accident tonight where heaven forbid, someone else was injured or killed? Remember, everything you own is in the back seat of the car with you and is at risk in a lawsuit! So, what do you think their family would sue you for? $15,000? $25,000? $100,000 or even maybe a Million dollars! Where would you get the money to pay them?

Perhaps the Equity in your Home would help? How about your Savings and/or Investments? You could even have up to 25% of your wages attached to pay the award in most states! Are you prepared to sacrifice everything you own to pay an award due to this accident? If not, read on for how to choose the auto insurance coverage you need.

2: You and Your Family:

Now let’s turn the above accident around. For some unfortunate reason, you or a loved one is the one who is injured or killed in an auto accident. Where would you get the money if the person who hit you did not have auto insurance or not enough auto insurance? Medical bills can be covered if you have health insurance. But health insurance doesn’t cover loss of life, pain & suffering or permanent disability.

Maybe you have a life insurance policy through your employer or your own individual life policy. Is the benefit amount sufficient to cover your family if your loved one is killed? But even if you have life insurance, what pays for the misery, the pain & suffering, maybe the fact you or a loved one can’t walk or use their arms again?

You might have a disability insurance policy through your work if you’re lucky or had good financial advice. But disability insurance doesn’t pay for loss of life, pain & suffering, permanent loss of your legs, arm or hand.

The only coverage that pays for these things is a part of an auto insurance policy known as Un/Under-insured motorist coverage. You can only buy as much coverage here as you have in Liability coverage. Your auto insurance agent should be able to help you determine the exact amount you need.

3: Your Car

Comprehensive and Collision Coverage are the third part of an auto insurance policy and are sometimes referred to as “Full coverage.” Basically the difference is this: If you run into the tree you are covered by Collision coverage. If the tree runs into you (hypothetically of course), then you are covered by comprehensive coverage. Comprehensive also covers broken windshields, fire, theft and vandalism. The higher deductible (risk) you take here, the lower the premium. Use the savings here to purchase higher limits in the coverages that protect your assets and your family.

The bottom line to determining proper auto insurance coverage is, of course, the money available in your household budget. An excellent place to start in determining the proper auto insurance coverage for your family is to meet with your local auto insurance agent.

Most cut-rate companies concern themselves with one thing only: Price. Tell them what coverage you have and they’ll see if they can give you the same coverage for less. You become the insurance professional. If this is the only need you have then that is ok. If not, you need to seek the advice of a professional to help you determine the proper amount of coverage you need and how best to accomplish it.

Review these tips for auto insurance coverage to make sure you have enough to protect your family.

About the author: BIO: Matt McWilliams is one of the co-founders of http://HometownQuotes.Com, an online insurance quotes web site. He is originally from Pinebluff, NC and attended Middle Tennessee State University. He is considered an expert in the field of online insurance shopping and finding new ways to help consumers save money on their insurance. For more information visit http://www.hometownquotes.com
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Car Insurance On Rentals
By: Joseph Kenny
When it comes to car insurance, there are a couple of traps you can fall into. The contracts are complicated and extremely difficult to understand, and that�s if you even have the time to read them. The fact is that most people don�t read insurance contracts and there is a significant information shortage when it comes to consumers and the contents of their own insurance contracts.

One of the problems with this information gap is that it can lead to wasted money. Every time you rent a car you are asked what kind of insurance you would like. The options are generally to take none, which costs nothing, or you could cover liability insurance, which should cost about $10 per day. Then you have a variety of options to cover the rental cat itself, prices for which vary from company to company and state to state. The full coverage option, which includes liability, passengers, and the rental car usually, comes to about $25 to $30 a day. Most people genuinely don�t know what option they should be taking.

Liability

Liability insurance is the only insurance you are required by law to take out. All the others are optional. That�s the first and most important thing to remember when you�re at the rental desk, and the total price for your two-week vacation car is quickly adding up and up. The other thing to know is that in many cases, you will be covered, to some extent by your existing car insurance. You will have to check your insurance policy to make certain, but for the vast majority of drivers, they will have liability insurance by virtue of their own car insurance, and this will carry over to the rental car.

It is however, unlikely that full or comprehensive coverage will carry over from your own car insurance. This is because comprehensive insurance is calculated based on the value of your car. Insurers don�t want to be in a position where they set your policy based on your say, $15,000 vehicle, and then have to pay out when you crash a $40,000 rental. So your policy will state that only liability insurance is provided when you rent.

Credit Card Cover

You may still require no insurance from the rental company however. This is because many credit card companies, including both visa and MasterCard, offer this insurance if you pay for the rental with one of their cards. This is a major benefit of using a credit card and should not be wasted. Again you should check with your credit card provider what they cover, but the bottom line is, if your own insurance covers liability, and your credit card covers the rental car, why pay a couple of hundred dollars for extra insurance when you�re already covered?

If you are in doubt as to your insurance, it is wise however to take the rental company�s policy, especially liability.

About the author: Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/ where you will find information, news and links to the leading providers of car insurance in the UK.
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Car Insurance, Automobile Insurance, Vehicle Insurance Articles
The 411 On Different Types Of Auto Insurance
By: Marcus Dubois
The basic reason why anyone requires auto insurance is for protection for both you and your car. Depending on your location you have a number of options to choose from for the type of auto insurance you require. Initially, it can be confusing with the plethora of choices available to consumers today. But by getting an understanding of the different types of auto insurances, the task is certainly made easier.

Apart from a handful of states, all the others require a minimal amount of liability insurance. This type of insurance is mainly meant to protect the occupants of the other car when you are responsible for any damage. It covers their medical bills and car repair but not you or your vehicle. For yourself, the insurance you need is comprehensive or collision insurance.

Auto insurance quotes for collision insurance are much higher than liability insurance mainly due to the fact that the coverage is a lot more. It pays for the repairs required for your car as well as your medical bills irrespective of whether or not you were at fault in an accident. Comprehensive insurance covers a majority of other kinds of damage to your vehicle including fire, vandalism or natural disasters.

Based on the particular circumstances, various deductibles can be opted for that will alter the total estimated annual cost for collision and comprehensive auto insurance quotes.

Medical payment and personal injury protection are also available with some companies. They increase medical coverage and sometimes even cover lost wages, childcare costs and related expenses owing to accidents.

Bodily injury coverage is an important coverage in addition to the minimum requirement coverage. This is for auto accidents where you were at fault and in situations where the injury of the other vehicles� occupants exceeds their personal injury coverage. Lacking this coverage gives the victim of the accident the right to legal action which may result in a financial responsibility being placed by the state on you and your motor vehicle report. This would remain for three years. It is also referred to as an SR22.

Uninsured motorist and underinsured motorist insurance take care of you when you happen to be in an accident with those who either don�t have or have insufficient liability insurance.

Rental reimbursement and towing and labor insurance are other additional options. These costs are usually classified as add-ons or endorsements to your policy.

For auto insurance quotes companies require details about driving records, age and duration of a license, apart from inspection of your car for the purpose of certifying it.

About the author: Marcus Dubois is a veteran in the insurance industry, and recommends LowQuoter to get an affordable auto insurance quote. See http://www.lowquoter.com/auto/ for more information.
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How To Lower The Cost Of Your Auto Insurance
By: Evan Trump
Buying auto insurance is an important part of your overall financial planning. The auto insurance premium rate varies depending on the company and the type of policy coverage you choose to have. Here are some guidelines to lower the cost.

Shop Around- Compare the costs by shopping around at least four to five insurance companies and comparing the quotes. Take the help of your friends, relatives and yellow pages. Your insurance company should offer fair price and posses excellent service records. Check the financial ratings of the company as it indicates the strength and stability of the company.

Ask for higher deductibles- Deductible is the amount of money that you pay before making any claim for an accident. The collision and comprehensive coverage are sold with the deductibles. Higher the deductibles lower will be the premium rate. Increasing the deductible from $200 to $500 may reduce the cost by 15 to 30 percent.

Drop collision and comprehensive Coverage on older cars- If your car is worth less than 10 times your premium inthe current market, consider dropping the collision and comprehensive coverage.

Buy auto coverage from your existing insurer- Buy insurance coverage from your existing carrier. This may help you to reduce the cost. Sometimes low rates are available for the longtime customers.

Avoid double health coverage- If you think that you have enough health insurance, and then avoid health coverage with your auto policy. This will help you to reduce the cost.

Maintain a good credit record- Insurers are using the credit history while determining the price of insurance. Statistically, the lower your credit score, the more you are likely to file claims. A person with a good credit score is more likely to settle the accident without the support of the company. Try to maintain a good credit record.

Discounts with low profile car- Cars that are expensive to repair or attractive to thieves will have a higher rate. Consider buying a low profile or average car as it your insurer might come up with discounts for such a car.

Take advantage of the low mileage discount: Obtain some discount on premiums by driving less than the national average mileage recorded per year.

Consult about group discount- Sometimes you can get some discounts on group plans provided by your employer, or a business groups, or other associations. Find out whether such a plan is available.

Seek Car Safety discount- Some insurers offer discount if you keep your car equipped with air bag, anti-lock brakes, anti-theft devices, automatic seat belts. Take advantage of this.

About the author: Sekhar Saha – Contributing writer: http://www.ampminsure.org/ Visit http://www.ampminsure.org/about76.html to discuss this article.

Article Source: www.isnare.com
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How To Save On Your Auto Insurance
By: Tom McKnight
Let your fingers do the walking… Remember that Yellow Pages Ad Campaign? Excellent advice if you’re shopping for auto insurance. Shop around and do it yearly. Don’t just keep paying the invoice over and over without comparison shopping. Below are a few suggestions to help you get the best deal available on your automobile insurance policy.

Insurance agents really have a lot of leeway. They can price match and they can offer many discounts. There are also many decisions you can make about your policy that will save you a bundle. For example, if you change your deductible on your collision from a $50 deductible to a $1000 deductible, you’re inline for a huge premium savings. If you don’t think you could come up with $1000 out of pocket, then change it to a $500 deductible; you’ll still save a sizable amount on your annual premium payment.

You can also get more of a savings if you change your comprehensive deductible. Many people needlessly carry full coverage on their older vehicle. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Their ten year old vehicle may be worth $1000 or less, yet they continue to pay $250-$450 every six months (total $500 to $900 dollars a year) to keep full coverage on their old vehicle.

However, if they have an accident and totaled their vehicle, the insurance company will only pay them the wholesale value of the vehicle. The amount they would receive could be $1000 or less. A vehicle that old just needs the insurance that protects the other person in case of an accident.

Another method to save more on your insurance is by combining your vehicles and other insurance together to get you additional savings. All insurance companies offer a multi-car discount (if yours doesn’t, it’s time to switch companies). Further, many will discount more if you have your homeowners or renters policy with them.

There are a few other discounts that you may not be taking advantage of. It seems obvious, but make sure you are getting the correct rate for your age. There are discounts for various ages than can save you lots of money. Check with your agent on this one. Also alarm systems on your vehicle are usually good for a discount. Additionally, anti-lock brakes and air bags can also help lower your premiums.

Don’t just keep paying the invoice when it comes in. Your insurance bill should be an automatic trigger for you to make a few phone calls to see if you can save even more money on your auto insurance premiums.

About the author: Tom McKnight is a freelance author and Mustang enthusiast who writes articles for http://www.Mustang-Shopper.com

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How To Change Auto Insurance Companies
By: Matt McWilliams
Changing Auto Insurance Companies May be Easier Than you Think!

There are many reasons why you may choose to change your auto insurance coverage to another company. Perhaps you’ve found another company that offers you the same amount of coverage for considerably less money. You might have changed jobs and are eligible for a group discount through another insurer, or maybe you’re unhappy with the service that your present company provides. With the growth of the internet and quote comparison sites, investigating your options has never been easier!

Why change to a new Auto insurance carrier?

You need to regularly review your auto insurance coverage to make sure that you are receiving the best insurance value for your money. You will discover that it pays to shop around. In some states, premiums for identical policies vary widely among different auto insurance companies. The reasons for this price variation can be very complicated, but they boil down to a company’s claims experience with policyholders in a coverage group (e.g. people of similar age, number of accidents, type of vehicle). For example, if a large number of people in a coverage group files claims during a given year, their rates will likely rise. When this happens, better discounts and lower overall premiums may be available at other insurance companies. When you decide to switch your auto insurance to another company, you’ll find that it’s fairly easy to do so.

How to cancel your old Auto Insurance policy

Generally, all you need to do to cancel your auto insurance policy is to inform your insurance company in writing, specifying the date you want the policy canceled. In some states, the new agent must notify the previous agent of the policy change. Some auto insurance companies ask the policyholder send back the actual printed policy. The insurance company will send a cancellation request form that will need to be signed and returned. Examine the form carefully to make sure that all information regarding the policy is correct. If the form is not received within two weeks of sending the letter, call the agent or company immediately to check on the status of the cancellation. Don’t just walk away from the old policy without formally canceling it. Each state requires that auto Insurance policies be cancelled with notice, thus the insurance company might assume one wished to continue the coverage, and it might eventually terminate the policy for failure to pay premiums and report the lack of coverage to the state Department of Motor Vehicles. This can hurt your credit rating and ability to get a new policy.

Be sure to get a new Auto Insurance policy first

Always have a new policy in place before canceling the old auto insurance coverage. Otherwise you might have a gap in protection for a day or more! Most states require all drivers to carry a minimum level of auto insurance and most insurance companies require policyholders to present proof of new coverage before they will cancel an active policy. The new company will be able to time the beginning of the new policy to coincide with the cancellation of the prior coverage.

When to Change Auto Insurance policies

At Renewal

Renewal is a convenient time to change auto insurance policies, as you don’t have to wait for a refund from your current carrier. A renewal notice will be sent to you approximately 30 days before a new policy begins, depending on the regulations in your state. Should you decide to switch companies, you’ll need to have a new policy by the time the current policy renews. Though a company might say there is 10-30 days to get your payment in before a policy terminates, you do not have coverage until the carrier receives the payment. If you have an accident during this time period you most likely will have no coverage since the premium wasn’t paid!

Anytime:

All Auto insurance policies contain a provision allowing you to cancel your policy with proper notice at any time. In a few states auto insurance companies “short rate” the policy that means one pays a penalty for canceling before the policy renews. Most insurance companies pro-rate their policies so there is no penalty. The advantage of switching before the renewal date can save you a lot of money. For example if you have a policy that runs from Jan 15th to Aug 15th and you have an accident or ticket that will be over 36 months on March 15th. By switching Auto insurance companies on March 16th, you get a discount for having a clean driving record. Your current carrier won’t apply this discount until the policy renews on August 15th! This can save you Hundreds of dollars immediately!

How long does it take to change Auto insurance?

When you change auto insurance companies, the new agent or insurer can generally change carriers while you wait! Generally they’ll just need a copy of your current declaration page, driver’s license and down payment to get the policy issued.

So why not get started today and Get Free Auto Insurance Quotes from Top Companies

About the author: Matt McWilliams is one of the co-founders of HometownQuotes.Com, an online insurance quotes web site. He is considered an expert in the field of online insurance shopping and finding new ways to help consumers save money on their insurance. For more information visit http://www.hometownquotes.com
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Lowering Your Auto Insurance Costs
By: Mark Freeman
Vehicle insurance – a cost we all must bear if we want to drive. But you might be surprised at how varied the rates for car insurance can be in your area. Definitely shop around for your car insurance. Don�t just go with the first agent you speak with.

Now, thanks to the internet, you can shop around right from the comfort of home. Go ahead and get at least three price quotes from different kinds of insurance companies.

If you�re in the market for a new car, call to see how much it will cost to insure in the first place. Having a car alarm and other anti-theft devices can help lower your costs.

Always ask about discounts. Don�t be shy. Companies expect this!

What�s my cost if I have a $500 deductible? (Increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by as much as 30 percent.)

How about a $1,000 deductible? Going to a $1,000 deductible can save you 40 percent or more. (Now if you don�t keep at least this much in the bank, don�t choose this option!)

If your car is worth less than 10 times the annual insurance premium, purchasing extra coverage may not be cost effective. That�s one great thing about owning an old car!

My credit rating is excellent. I always pay my bills on time.

What if we insure more than 1 car with your company?

I haven�t had an accident in more than three years�

I haven�t had a traffic ticket in three years�

I�ve taken a driver�s training course.

My car has an anti-theft device.

I don�t put a lot of mileage on my car in a year�s time.

I carpool.

My car has air bags.

My car is quipped with anti-lock brakes.

I have daytime running lights.

I�m a student driver with good grades.

Since I have both auto and home coverage with you, do I qualify for a discount?

I�m a college student away from home�

I�ve been a long time customer�

My mom and dad use your company�

Do you offer any other discounts? Some companies offer reduced rates to drivers who get insurance through a group plan from their employers and other professional groups. It can�t hurt to ask.

Not every company will offer the same discounts. Compare the final prices the various companies offer you. It pays to shop around for your car insurance!

About the author: This article provided courtesy of http://www.auto-warranty-shopper.com
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New Concepts In Car Insurance – Pay As You Drive
By: David Demetre
You can pay as you talk with a cell phone plan, so why not pay as you drive auto insurance? It sounds like a good idea; but would pay as you drive auto insurance work for you?

The idea behind pay as you drive auto insurance is simple. Basically its this- if you do not drive very much, you will not pay high insurance premiums. Advocates for this type of insurance policy think that there are many merits to this type of program. Less air pollution, lower gas consumption, and lower costs to the consumer among them.

What if you car pool to work, or take public transit? You are not using your car very much so why are you paying high premiums. With a pay as you drive auto insurance premiums you would be able to quite literally pay as you go. Another situation where this plan would be of benefit is that of many retirees who have winter homes in temperate climates, the ‘snowbirds’ living in Florida or Arizona six months of the year and six months in New York or Toronto for example.

Essentially the insurance companies would set an average driving amount for each car type. It could then be broken down into a cents per mile basis. If you wanted to us the pay as you drive auto insurance system you could purchase a set number of miles and you would be covered for insurance during this period.

Pay as you drive auto insurance is an excellent idea for those individuals who do not use their car very much or try to find cost saving methods or environment saving alternatives. Currently this type of program is not yet available, but there are supporters in many states who are hoping to change that soon.

Groups including Environmental Defense, the Conservation Law Foundation and even the U.S. Environmental Protection Agency are working to organize a national cooperative that would work with insurance companies to offer deep discounts for low-mileage drivers; halfway a step toward PAYD (Pay As You Drive) insurance.

General Motors and On-Star Offers PAYD Rates. In mid-2004 General Motors Acceptance Corporation (GMAC) Insurance began offering mileage-based discounts to OnStar subscribers located in some states. The OnStar system reports a vehicle’s odometer readings at the beginning and end of the policy term to verify mileage. Motorist who drive less than specified annual mileage can receive insurance premium discounts of up to 40%.

PAYD programs are also currently available in Israel, South Africa and Holland. PAYD is gaining momentum, and will be coming to your area soon.

About the author: D. Demetre is a contributing author at http://www.Online-Car-Insurance.us
===============Would You Like To Save Big Money On Your Auto Insurance And Reduce Your Risk Of Auto Theft?
By: David Maillie

With the rising price of gas, skyrocketing health care costs, etc… Americans are feeling the economic crunch. Lets put some money back in your pocket right now and lets take a bite out of auto theft.
The best part is

(1) You don’t have to switch insurance carriers.

(2) Local auto dealers charge $299-$499 for this same service (real price should be $25-$30)- What a ripoff! (Note dealers also charge $200-$1000 for replacement headlights when you can buy headlight cleaner and restorer for under $20).

(3) You can easily purchase it direct from the manufacturer below cost right through the internet!

Police departments, insurance companies, AAA Auto Club, Motor Week, Speedvision TV, and leading consumer groups and publications all recommend window etching as a strong theft deterrent and a great investment.

The top 10 most stolen autos:

1. Toyota Camry
2. Honda Accord
3. Oldsmobile Cutlass
4. Honda Civic
5. Jeep Cherokee
6. Chevrolet trucks
7. Toyota Corolla
8. Chevrolet Caprice
9. Ford Taurus
10. Ford trucks

Did you know that every 19 minutes a car is stolen in this country! Vehicles equipped with a visible theft deterrent system are 4 times less likely to be stolen. Auto etching uses a strong caustic to etch vin #’s and other registered numbers into your car windows (glass is the third most valuable item after plastic headlights and air bags that professional thieves look for – these items are then resold on Ebay and elsewhere by these thieves for quick cash). 95% of thefts are by professional car thieves.

Chemical auto etching is a safe process. No damage is done to the vehicle and it can be professionally done. It is very affordable as its actual costis 70 – 85% less than auto dealer’s charge and has many benefits:

1) It has been proven to enhances vehicle value at resale.
2) INSURANCE DISCOUNTS OF UP TO 35% OR MORE!*
3) No mechanical parts to break down or need repair.
4) SAVE MONEY AND HAVE PEACE OF MIND! – 9 out of 10 auto thefts are by professionals who will not take a car with traceable numbers.

One of the most cost effective security steps is having a security number etched on each window. Start saving big on your insurance today! Auto etch, like headlight cleaner and restorer, is a bonafide product backed and used by the police in every state. It is guaranteed to save you far more than it costs, has numerous benefits, And you can undercut the dealer and buy it without paying their ridiculous prices ($200-$600+)! For more information on Auto etch and/or similar products like headlight restoration kits contact the author below or look up auto etch on the internet. * Insurance discounts can vary by state and by carrier.

About the author: David Maillie is a chemist with over 12 years experience in biochemical research and clynical analysis. He is an alumni of Cornell University and specializes in biochemical synthesis for public, private, and governmental interests. He holds numerous patents including his recently awarded patent for headlight cleaner and restorer. He can be reached at M.D. Wholesale: http://www.mdwholesale.com or by visiting http://www.bestskinpeel.com.
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