auto insurance

Auto Insurance: What Options For Coverage Are Available?

Need to buy drivers insurance coverage for your vehicle?

If you are planning to purchase a new car you should have a new auto insurance policy effective from the date you take ownership of a new vehicle.

What’s the reason for having Auto Insurance?

If you ever get into a crash where people are injured and there is damage to vehicles having vehicle insurance will protect you against the financial losses that would accrue An auto accident can be a financial tragedy to the driver at fault if he/she does not have sufficient car insurance or doesn’t even have car insurance at all.

There are several types of drivers insurance coverage options you can add to your policy and it is important that you know what you need before you buy auto insurance.

Auto Car Insurance Coverage Types:

Bodily Injury / Liability Coverage:

If you are at fault in an accident bodily injury liability coverage will protect you in the case of bodily injury or death of the other party.

Medical Payments / No-Fault / Personal Injury Coverage:

Medical Payments / No-Fault / Personal Injury drivers insurance coverage, in the case of an accident, regardless of fault, will cover the driver and the passengers in the vehicle in the accident.

Comprehensive Physical Damage Coverage:

With Comprehensive it insures your car against being vandalized, damage from a fire (natural or from another car), auto theft and / or other covered occurrences listed in the policy. Basically it will cover your car in most cases where it is damaged.

Collision Coverage:

Let’s say that you were in an accident but it was undetermined who was at fault. Well, with collision coverage it really does not matter as it will insure any damage done to your vehicle regardless so you can bring it in and get it fixed either way and restore it to its original condition in most cases.

Property Damage Liability Coverage:

Now if you are driving and accidentally damage the property of someone else Property Damage Liability Coverage will cover any expenses that arise from that damage. If somehow the situation goes into litigation where you must go to court and resolve this then this type of coverage will also cover those expenses as well.

UnInsured Motorist Coverage:

If there was a hit-and-run driver involved and you could not get their information then this will also cover the damage caused by them. May also provide coverage if the driver at fault is underinsured (has drivers insurance but not sufficient coverage)}}.

The automobile insurance agency that you deal with may also offer many more options for other types of coverage that you can add on to your car insurance plan:

Mechanical Breakdown Insurance

There is another option call Mechanical Breakdown Insurance and if your car breaks down for any reason during its normal lifespan this will take care of the expenses that will be mandatory to fix it and get it up and running normally again.

Rental Reimbursement

Rental Reimbursement helps provide you with a substitute rental car when your car is being fixed after a car crash.

Emergency Roadside Service

Like AAA service this coverage will take care of services such as no gas, being locked out of the car, emergency towing, etc.. Your auto insurance company may or may not have these additional options available to you for your policy. It will vary from insurer to insurer..

Are there ways to get you the most savings for your car insurance?

Of course. Online is where you want to be when looking for cheap auto insurance quotes.

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Posted in: Auto Insurance, Insurance

Insuring A Classic Car – Information & Advice

Unlike insuring a standard vehicle, insuring a classic car can be a bit more problematic, so it is a good idea to research the types of policies available and learn about the restrictions they commonly include. Insuring a classic car is becoming more and more popular as so many folks are retiring their classic cars from the 50’s to the 70’s.

You can shop to insure a classic car like yours right here with our rapid quoting system partner network for any location in the U.S..  It’s fast, free and we’ll guide you through the entire process and as always, it’s important that you get more than one quote to ensure you’re choosing the lowest quote for the coverage you’re looking for.  When you’re quoting to insure a classic car with us, there’s never an obligation to purchase should you choose not to.  You can just use the quotes for comparison purposes.

Insuring a Classic Car-Classification

The first thing to consider is when insuring a classic car is whether your vehicle is actually classified as being a ‘classic’ one. Not every insurer will agree on the definition of a classic car, so it is important for you to talk to your agent to be sure that the company will consider your vehicle a classic car.

Most insurers will actually accept classic cars on their standard car insurance policies, but you may face high premiums if you choose to do this. When insuring a classic car, the agreed value clause, which pertains to the minimum amount that you will receive in the event that your vehicle is in an accident or stolen, and is the primary benefit of purchasing specialty insurance, will not apply when classic cars are placed on standard auto policies.

Insuring a Classic Car-Market Value

Most often, insurers will consider the current market prices of your vehicle when insuring a classic car in order to calculate how much to pay you for any claim that you file.  This can be difficult when it comes to classic cars, as it is not so simple to figure out their market value. In many cases, the insurer will end up undervaluing your car, and if they do so you will be forced to take that amount, even if you feel that it is unfair.  Insuring a classic car can be a little tricky in this respect.

One of the most price-sensitive markets is the one for classic cars; in fact, the value for the same model car can range from 50% to 500%. If your car is in mint condition, is limited edition or has providence, then without an agreed value clause then there is pretty much no way that you will receive its full value. Keep in mind that insurance companies, especially the well-known ones, are in the business to pay out as little for claims as they can.

Insuring a Classic Car – Restrictions

If you want to have an agreed value clause included in your  insuring a classic car, you will probably have to follow some rigid insurance guidelines. A yearly mileage maximum is one such rule, as it is expected that a classic car will be driven less, and the classic car insurance policy will reflect this guideline. Other restrictions might include adding security measures and limiting the number of classic car shows that you can take your vehicle to.

These restrictions that are associated with insuring a classic car, will generally allow these types of policies to be reasonably priced, but you should expect to pay a higher rate if your vehicle is a model that is considered very rare and in demand. When shopping to insure a classic car, having the agreed value clause included in your policy, should be a priority for you, and it is recommended that you live with a more expensive premium in order to have this clause included.

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Posted in: Auto Insurance, Insurance

Auto Accident and Insurance Deceit

If you’re involved in an auto accident the initial matter of concern should be to get fast assistance for anyone who had been hurt. Next, you will have to contact your insurance representative.

If you get your auto insurance policy from OnlineInsuranceAgents.net you would be aligned with a top quality insurance provider from your area, you would have gotten multiple quotes from them knowing full well you received the lowest quote possible for your situation and any claims you had to deal with would be handled professionally as only the top companies do.

Anyway… back to the story…

So when you pick up the telephone and call your insurance representative to tell him you want to turn in an insurance claim, he seems very helpful. He even indicates a body repair shop you can take your vehicle to, and may refer to it as being a “preferred” repairer.

You may think “Well, that is certainly a good thing.” You need not endure the hassle of selecting a body shop, neither is it necessary to do any “groundwork” researching body shops to find one that’s reliable and that you can have confidence in to perform good work. Besides, you just want to get your vehicle repaired, right? However let’s imagine you are already aware of a good body shop that does body repair and would wish to take your vehicle there.

So you say to your insurance representative “I would rather take my car to an alternative repair service that I’m already experienced with”. But he responds with something such as “We won’t guarantee the repair if you go there” or “You’ll have to spend much more if you go to the shop of your choice” or some other assertion designed to dissuade you from going to your shop and encourage (or even try to coerce) you to go to the company’s “preferred” shop.

So what to make of all this? You may well be curious about exactly why he is aiming to dissuade you from opting for your own shop.

The answer has nothing to do with allowing you the convenience of not having to locate a good repair shop … but to make a profit, and as great a profit as possible! And that is attained by lessening the total amount they have to pay back in insurance claims.

So the body shop your agent suggests is “preferred”  … preferred by the insurance provider for THEIR benefit, not yours. And why is that? Because the shop has signed an agreement to pre-negotiate your vehicle repairs by giving the insurance company discount rates by using “aftermarket” auto parts. But unfortunately, some of these parts are inferior in quality and may even result in a hazardous repair job! This might even mean that your car will be dangerous to drive after the repairs have been completed.

There are even more reasons why choosing a bad body shop can lead to unsafe fixes. There’s a procedure known as “Clipping”, which means cutting away a complete half of your vehicle (either the front or rear half) and affixing another (undamaged) half of a car that has been wrecked.

This procedure actually involves cutting through the auto’s unibody or frame, and it affects its structural integrity. Does this sound dangerous to you? Well it is. But if you think it could be unlawful, well, think again! It’s done on a regular basis.

Obviously the best answer is to avoid an auto accident altogether, but if you’re involved in an auto accident – LOOK OUT! Find out if the shop proposed by your representative will be repairing your vehicle with aftermarket parts. And if the shop uses “clipping” … then RUN the other way!

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Posted in: Auto Insurance, Insurance