Reader’s Question:
If I receive a non renewal notice from my insurer. will this affect my getting car insurance?
Rizza
Orlando FL
Actually, it can be you or your insurance company who can opt not to renew the policy if it expires. Your insurance company must provide you specific number of days notice and explain the grounds for non-renewal before it even drops your policy. This differs per state. If you deem that their reason is not clear or is not fair, you may call the insurance company’s consumer affairs division. If you still do not receive a clear explanation, coordinate with your state insurance department.
You should not think that the non-renewal is due to something you have done wrong as the company may have decided to drop that particular line of insurance or to write lesser policies where you live in. Meanwhile, if the non-renewal is because of something that you have done which may raise the risk of the insurance company such as driving drunk, your premium may increase and you may then opt not to renew your policy.
If your insurance company decides not to renew your policy, it does not imply that you will be charged a higher premium with a different insurance company.
Reader’s Question:
What factors affect car insurance points?
James
Montgomery AL
Insurance based system is nowadays considered good in calculating the risk in some of the insurance companies. They assign points for credit score, moving violations, at-fault accidents, parking tickets, driving under influence and credit score. Before insurance companies and credit score doesn’t have any bearing unlike today, it was considered in assigning points.
Many of the insurance companies use complex algorithms in rating or comparing company whether it weighs one factor lightly or not at all. They also assigned risk by points to each fraction or negative mark instead of using the accident itself. You can know the specifics of the companies point policy by requesting a copy of the company’s files in the insurance department. Also consider an independent insurance broker as the simplest form of investigating company’s algorithms.
Insurance companies give higher premiums to those who are renewing their policy, provided it has a higher points. While some assign points to drivers with bad credit scores and the lower the score the more points assigned to them. They also add points to each individual traffic infraction or claims.
The state also assigned points but it has a different meaning with the insurance points. Usually insurance points correlate to incidents that can earn points on your license and that incident can increase your insurance points.
August 15 2009 by author in Uncategorized |
Reader’s Question:
I’m in Washington state and had a car accident 10 days ago. How long with that impact my premium rate?
Allan
Seattle WA
According to the Insurance Commissioner of Washington state of Washington state, your auto insurance rate starts with a dollar amount base rate and is affected by several factors as age, sex, marital status, driving and claims history, location of residency, and the type of vehicle being used. An increase in your insurance rate due to a violation is charged in addition as surcharge.
The convictions and court finding for a specific violation according to WA Department of licensing is noted on your driving record for 5 years starting from the date of vindication or adjudication. Any notation of these records are filed on the driver’s MVR with information on the accident that shows involvement whether the driver is at or not at fault, the number of vehicles involved, important specifics on the incident, the number of people occupying the car at the time of the collision, and the resulting damage and injury. If the vehicle used by the driver is non-commercial, then it stays in your driving record for 5 years, a and corresponding 10 years for commercial cars from collision date.
Usually, most insurers rate your premiums with infractions on violation or accidents, affecting it for 3-7 years. Washington doesn’t hold any specific regulations on how long should it impact your premium rate and thus such depends on the company you are dealing with.
It is best then to contact your insurance agent to determine specific policies on infractions affecting your premium rate.
July 24 2009 by author in Uncategorized |
Reader’s Question:
Hi. Im 20 years old and I have a learners permit. Will I be needing car insurance to be able to get my license? I live with my parents. If I get my drivers license, will this increase my parents car insurance rate? I am not planning to be added on their policy. I just want to get my drivers license.
Rick
Detroit MI
The need to get car insurance to obtain your full driver’s license will differ from one state to the other. Most states will not require you to get car insurance just to acquire a drivers license however, it would best to verify with your local DMV office to determine the specific requirement when getting your drivers license.
Once you get your drivers license (or learners permit) though your parents will need to notify their car insurance provider regarding your licensing status. Generally car insurance providers require their policyholders to let them know about any licensed household motorist in the household. Your parent’s car insurance rates may or may not increase as a result of this.
If you are not going to drive any of your parents’ car they might be able to exclude you specifically from their car insurance policy if their insurance provider would permit that.
If in case you plan to get your own car insurance, make sure you read over your policy and understand what the coverage pays in case of an accident.
June 25 2009 by author in Uncategorized |
Reader’s Question:
I do not have much time to get quotes and call insurance companies but I am really not satisfied with my current car insurance rate. Where can I get the most affordable rates?
Frances
Honolulu Hawaii
In the past, getting affordable car insurance rate is easier said than done. It is time consuming and takes so much effort. Still, you do it since it will result to some savings. The savings you get in having a cheaper insurance could already spell a big difference to you and to your family. You can even allocate them to other necessary commodities that you need at home. It is better to do the hard work now and experience huge amount of savings in the long run.
One of the quickest ways to shop and compare for insurance quotes is to go online. Internet makes things possible right at the comfort of your home. There is no need for you to call an insurance agent, sit down with him, do the lengthy conversation and even perhaps set another appointment. There are actually a lot of available affordable car insurance rate for you when you search online. Going online allows you to compare multiple rates in an instant. You can view directly with an insurer’s website and check out their offer for affordable car insurance rate quotes. You can also log on to a website that allows you to choose over a number of insurance companies offering cheaper insurance quotes. Sites like these act like an insurance broker. They can provide, if not all, most of the quotes coming from different insurers instantly and free of charge. Just be cautious with those sites that would ask you for your home phone number or email address. You wouldn’t want to be called up in the middle of your supper or receive hundreds of emails of insurance quotes every minute.
You may also purchase your coverage online if you have chosen the best policy rate for you. Some insurers even usually give discounts to those who will purchase their policy online
큭ᛘ
February 23 2009 by author in Uncategorized |
Reader’s Question:
My car insurance contract is about to end and I’m intending to look for another insurance provider since my premium is too high. I heard there are lots of ways you can save on car insurance, can you share some?
Helen
Portland, OR
I totally understand you, nowadays searching for a cheaper option is very vital. You just made the right choice shopping around for a different car insurance company, because there will be no chance that they will tell you how to save money.
For starters, check your driving history. If you haven’t been into an accident or didn’t get any driving citation for the past 5 years, your chances of lowering your car insurance are good. Make sure you mention this to the car insurance company you want to apply for. Next is your credit rating. Nowadays, credit rating is used on almost everything, from mortgage to buying cars and of course, car insurance. In theory, the higher your credit rating, the more favorable you are to those car insurance companies, they will surely give you the lowest insurance interest rates.
Now, here are some tips that you can practically do. Set your deductible higher than what you have agreed before on your previous car insurance. If your deductible is $100 back then, raise it to $500 or even $1000. Your premiums will surely drop. The technique is just to save money on a bank so you can cover the amount equal to your deductible.
Review your previous coverage. Pinpoint the unneeded coverage you purchased before and once eliminated your premiums will drop. If you want to, you can only purchase your states minimum car insurance requirement which is the liability coverage.
Reader’s Question:
Good day! I want to know if vehicle branding will affect my ability to get cheap car insurance rates. Thanks!
Darwin
Birmingham, AL
First, let me define vehicle branding for the sake of other readers out there. Vehicle branding is a legal deterrent for using or reselling aftermarket parts, stolen vehicle, or preventing the use of scraps or salvaged materials. It is usually a permanent designation on vehicle’s title, registration, and documents and encoded along its VIN (vehicle identification number) to protect possible buyers from vehicles that are stolen or salvaged. It has two objectives: First is to prevent individuals from dealing stolen vehicles, and the second serves as a warning for the protection of consumers.
Vehicle branding is usually done after an accident or collision. A vehicle damaged in a collision is branded according to loss of value. The damage is encoded with their vehicle identification number (VIN) and linked to their designations. Vehicle branding may depend on the jurisdiction of the state. Vehicle branding is used by a car insurance company for basis of coverage during repairs, or for the level of coverage, for that matter.
Vehicle branding will significantly have an effect on your ability to get a cheap car insurance rate. For instance, a vehicle branded as salvaged would normally have a lower value than a vehicle with clear or normal branding. It is equally important as other factors when you are about to buy your car insurance or perhaps, even buying second hand cars. It is also being considered when claiming for loss of value after a collision.
Reader’s Question:
How can I find a cheap car insurance rate for my old car?
Greg
Indianapolis, IN
The search for a cheap car insurance rate is no longer the never-ending quest that it used to be for drivers and car owners. There are about 193 car insurance companies currently operating in your state and the competition is tough. There probably isn’t a direct-sell company, broker or agent who isn’t willing to present you with a cheap car insurance rate. So it doesn’t really make sense to just take on the first quote you get. With a little more searching or inquiry, chances are you’ll find someone who can offer you less. There is sometimes a great degree of variation among the rates car insurance providers will offer you. Finding the most affordable one is simply a matter of gathering enough quotes and comparing them.
Of course everybody has their own idea of what a cheap car insurance rate should be. Perhaps a better way of looking at it is to not focus too much on the price as on the value of the coverage you’re buying. A ‘cheap car insurance rate’ can mean ‘the best price for the right kind of coverage you need’. Since you mentioned that you owned an old car, it’s possible that comprehensive coverage isn’t really necessary for you as the car’s monetary value may have significantly depreciated. Sticking to liability coverage then could mean a big amount of savings for you.
January 31 2009 by author in Uncategorized |
Reader’s Question:
My boyfriend says that I don’t really need to get car insurance for my beetle. He says that these insurance companies are just big scams that’ll drain money out of my pocket and then hide behind loopholes when I get into an accident. It’s just better to keep the money and save it up for when I do get in an accident… it’s more dependable that way. Is what he says true?
Kisha
Sacramento, CA
It is possible not to pay insurance in California, unlike in other states that mandate car insurance for all drivers. However, you need to make a cash deposit of $35,000 with the department of motor vehicles if you don’t want to get in trouble with the law. That’s the condition you need to fulfill in order to prove that you are capable of paying for any damages that you may incur when you get into an accident. Those damages don’t even include damage to your car or to yourself. It’s about paying for the damages you cause to other people.
Regarding your boyfriend’s view that insurance policies are just scams, he’s mostly wrong and somewhat right about it. Mostly wrong because decent car insurance companies know their responsibilities and will stick to what’s been said in their contracts. Somewhat right because less-decent car insurance companies will make any excuse to avoid paying up when you do get in an accident.
Getting car insurance is definitely less painful to the pocket than plunking down $35,000 in one go and then having to pay for damages to your own car and health when you do get into an accident. You just need to be intimately familiar with the terms on your contract to know when and where the insurance company will step in to pay up.
That’s why it pays to read before you sign… especially for insurance.
Reader’s Question:
My name is Kim. I’m looking for another car insurance company here in North Carolina. What would be the best way to compare car insurance rates? My friends told me to go online. Is that dependable?
Kim
Charlotte, NC
Hello, Kim. As you know, most things are done online now. Shopping for car insurance coverage can also be done properly online. All major car insurance companies have their own web sites. Of course, you still have the option of driving around North Carolina to ask local auto insurance companies or agents, but going online to compare car insurance rates is way better. And very comfortable, too.
Shopping for auto insurance quotations online is very much dependable and safe. Auto insurance companies invest a lot to take care of their name. Their website is an extension of their name and reputation, so they take good care of it. They make sure that it is free from vandalism or other negative things you hear about online transactions.
Online shopping is cheaper and comfortable than the old way of picking up a directory and dialing a phone. It’s comfortable because you get to do it at home, right at your favorite chair. You don’t have to call several insurance companies and agents. Just visit different insurance websites, check the quotation they’ll give, and then find another one. The object is to find a website that will give you an agreeable quotation. It’s cheaper because you are given several options/quotations. Because getting quotations from different companies is easy, you are able to get a lot of quotations.
Tags: auto insurance coverage, auto insurance online, car insurance rate