Technorati Tags: American Auto Insurance

Unfortunately when the economy goes bad it can increase the risk of uninsured motorist for everyone.  In Washington State it was found that in the first three months of 2009 the number of tickets writting for lack of insurance increased by 10%.  Thats ten percent in just 3 months!

Is it really a savings?

If you drive without insurance in Washington state, for instance, and you get caught the fine is more than $500.  If you don’t pay the fine then you could lose your license. That’s not the worst of it however.

If you are involved in an accident and find yourself without insurance, you could lose everything. In other words, driving uninsured could easily cost much more in the end.  It is a much better idea to find a way to afford it, even if it means trading down to a less expensive car or using mass transit instead.  You should also ask your insurance company for options to help you pay and price shop policies aggresively based on the suggestions given in this blog.

American Auto Insurance

Technorati Tags: affordable car insurance, driving uninsured

Auto coverage not only varies from state to state and company to company, other things can affect your coverage as well, such as changes in your life.  Three major life events impact your auto coverage. Number one is marriage.  Number two is a change in marital status such as divorce or widowhood.  Number three is reaching the age of 50.  Of course, you should review your policy on an annual basis, but when these events occur you have good reason re-appraise your insurance needs.
 
Many advantages exist when you get married so ask questions of your existing insurance carriers as well as comparison shop the benefits of combining both spouses’ cars on the same policy.  If you own a home, further reductions may be possible with multi-line policies and males under 25 will often see a big drop in premiums.

Maintain a reasonable amount of liability insurance to protect the combined assets of a joined household.

Divorce and widowhood affect auto coverage in many ways.  Coverage is based on where a vehicle is garaged when not in use so a change in residence may void a payout in event of an accident if an ex-spouse is living elsewhere. Worst-case would be policy cancellation. If a vehicle is joint property you will typically maintain a single policy until the final divorce papers are signed.

Drivers that are age 50 to 65 are considered the safest on the road. This may result in greater auto insurance benefits. An individual who reaches age 50 should notify the insurer and ask about any possible discounts and the advantages of policy changes.  Less time on the road may also reduce premiums.

Technorati Tags: insurance changes, marriage and insurance, policy changes

Here is a real predicament for State’s that have a lot of illegal immigrants that have a need for American auto insurance:

In the past the Texas Department of Public Safety has renewed licenses of non-citizens without checking to see if their original visa had expired.  Department officials say they do not know how many non-citizens with expired visas renewed their licenses over the past several years, but they stopped the practice in May.

Now, under a new regulation that took effect on the first of October the state has tightened its licensing policies even more by requiring that foreign nationals prove they are in the United States lawfully before they can get an original license or renew an existing license or get a duplicate license or ID card.  This is all being done in the name of national security.

The Department of Public Safety released an estimate that the new rule could affect as many as two million Texas residents!

The new regulation means that non-citizens who have legal permission to live in the country will now get a different, vertical-shaped driver’s license having temporary visitor designations. These new licenses will only be valid until that person’s legal status expires.

Non-citizens whose legal status is scheduled to expire in less than six months cannot get a license or ID card at all.

Some state lawmakers and immigrant advocates are criticizing the new policy and warn that it will drive illegal immigrants deeper underground and that it will raise the number of unlicensed and uninsured drivers on the road. Critics also are concerned that the use of a different-looking license could lead to profiling and discrimination.

It is not known for sure how many illegal immigrants in Texas drive without a license or without liability insurance — which all drivers are required by law to have — but it’s presumed that the vast majority do not carry insurance.

Of the hundreds of auto insurance companies in Texas, “there may be a small number of companies that would sell insurance to a driver who does not have a valid driver’s license, but I am not familiar with any of those companies,” said Jerry Johns, President of an insurance trade association representing companies in Texas and Oklahoma.

Source: Juan Castillo, AMERICAN-STATESMAN STAFF

Technorati Tags: insurance for immigrants, non-citizen insurance, texas auto insurance

What factors are considered when determing your insurance premiums?  You might be surprised.

Most insurance companies use a risk scoring system that is focused on insurance-specific factors as part of their determination as to whether or not they will take you on as a customer and what rate they will charge you.

Then, as you may have guessed, they consider other factors like your age, your driving record and, of course, the vehicle you are insuring (value, repair cost, risk of theft, etc.).

This all makes perfect sense to most people, but the factor that more and more companies are using as another factor for determining your risk may not make that much sense too you.  Nevertheless, it is important that you are aware that it may be affecting your insurability and the premiums you are paying. 

So, what is that other factor.  Believe it or not, it is your credit report information. Yes, a growing number of home and auto insurance companies are using credit bureau information to predict the potential of future losses.  Including determinations as to whether to accept you as a customer, whether to cancel your policy, and whether to renew your current policies.  In addition, they are using this information to determine what they will charge you for the premiums.

Why are they doing this you ask.  Where is the connection between auto claims and credit history?

Well, apparantly studies that have been done in the industry show that certain negative credit reports (like delinquent payments, outstanding balances on credit cards, accounts in collections, foreclosures, and bankruptcies) are related to the likelihood that a person will file an insurance claim.

This practice even affects those who don’t use credit.  Those who use cash, not plastic, to make purchases can get squeezed because in the eyes of the insurance companies, they have no credit history.

Now, not all states allow this practice.  You’ll have to check with your insurance company directly to see if they are using your credit history to calculate your insurance rates.

This gives you another reason to keep your credit sparkling clean. Make sure you repair any credit blemishes on your report so there are no surprises when it’s time to renew your insurance policy.  Click on the link to learn how to raise your credit scores.

Technorati Tags: Auto Insurance Comparisons, credit history, insurance premiums, insurance rates

Do you plan on taking a trip to Mexico?  Are you going to be driving your own car?

If you plan on driving your own vehicle into Mexico you are required to have Mexican domiciled Auto Insurance. This is a serious matter.  If you don’t have the insurance your automobile can be seized and you can be put in prison.  Not a fun way to spend a trip.

There are on line insurance sites that allow you to obtain a Mexico insurance policy in just minutes before hitting the road.

There are approximately twenty insurance companies in Mexico that offer auto insurance coverage for tourists. Be careful though.  When you buy coverage from Mexico Insurers, be sure to check the specific A.M. Best rating for that particular insurer.  Even some large Insurance Providers in Mexico have not been rated by A.M. Best Company. You shouldn’t buy coverage from unrated insurers in the US, let alone in Mexico.

Besides checking on line for Mexican auto insurance you may want to check with your own current insurer to see if they can offer special coverage for your trip.  If you are working with a travel agent, get their advice, but be sure to do some comparison shopping to make sure you are getting the most reasonable price.

Taking a trip to Mexico can be fun, but be sure you are prepared so you don’t get any nasty surprises with your Mexico auto insurance.

Technorati Tags: International Auto Insurance, mexico auto insurance

With the increase in fuel prices and the apparent instability in the market even auto insurance companies are getting in the act when it comes to designing and building more fuel efficient cars.  With the way American auto makers have been dragging their feet when it comes to improving fuel economy and producing a wider variety of high mileage models this is good news.

The insurance company that is encouraging the development in fuel efficient technologies is Progressive Insurance.  They are sponsoring a competition called Progressive Automotive X Prize.  

The insurance company competition is offering $10 Million in prizes for teams that can win a stage race with a clean burning vehicle that exceeds 100 miles per gallon in fuel economy.  The vehicle also has to be “production-capable” rather than just a concept car and something that the public would want to buy and drive.  The major focus of the competition is said to be “efficiency, safety, affordability, and the environment”.

To forward this competition, Progressive has recently hired several prominent executives to move the project forward. I can only assume that Insurers are realizing that the current model for gas guzzling vehicles in not sustainable and that sooner or later we will have to pay a price for our short sighted approach to automobile manufacturing and marketing.

Ultimately, though in a market driven economy it is the public that is going to have to vote with their wallets and demand vehicles that are more efficient or that use alternative fuels that are sustainable.  Pressure from insurance companies and other related industries is important, but the customers will always force the final decision.

Technorati Tags: American Auto Insurance, fuel economy, insurance industry

The cost of insurance and the service provided by insurance companies varies dramatically so you will want to keep some things in mind when making auto insurance comparisons.

How to make Auto Insurance Comparisons

Auto insurance premiums of different companies vary widely, so if you want to save some cash on insurance you are going to have to take time to shop around.  You can contact insurance companies directly or on the phone or web. 

There are also many resources available that make it easier to make auto insurance comparisons.  These include consumer magazines, consumer websites and government agencies, such as your State’s insurance department.

Auto insurance is meant to provide some peace of mind and to protect drivers financially in case they are involved in an accident or have their car damaged or stolen in some other way.  When making auto insurance comparisons of the different insurance companies make sure to select a financially stable company by checking with rating companies such as A.M. Best and Standard & Poor’s.

Get quotes from several types of insurance companies when making auto insurance comparisons.  Some companies sell through branch agencies while others sell through independent insurance agents that offer policies from multiple providers. Other companies sell directly to consumers on the phone or online.  Because of these differences the cost of insurance may vary.

Price is not the only factor you should consider.  Service and dependability are also important factors to compare.  You will want to find a representative that is willing to take the time to answer all of your questions clearly.  Start your search by asking friends and relatives for recommendations.  Check with your State’s insurance department to find out about and consumer complaints for the companies you are comparing. 

Many auto insurance companies offer discounts for various factors, such as good driving record, credit history, other coverage, type of vehicle, annual miles, etc.  Find out all of the available discounts for each company when making auto insurance comparisons.  To make sure your are comparing apples to apples give the same information to the agent each time. 

Check out some of our other posts to get more information on making auto insurance comparisons.

Technorati Tags: American Auto Insurance, Auto Insurance Comparisons

Auto Insurance On Line Tips

Having information and quotes for auto insurance on line helps consumers to quickly and easily make auto insurance comparisons from a variety of providers. Instead of having to call around or visit individual websites to compare rates, consumers can complete one single questionnaire to instantly get back an auto insurance on line quotation from several different insurers. Completing an auto insurance on line quote comparison is an easy way to find cheap prices for the coverage your need.

As long as you take the proper precautions your information is secure and you can get quotes with no personal information such as driver’s license numbers or social security numbers. In addition, not only is your auto insurance on line quote totally free, there is absolutely no obligation to buy. You may, however, choose to process the purchase of your low cost auto insurance coverage on line to receive instant proof.

Shopping for and buying auto insurance on line offers consumers a higher level of convenience, but you need to protect yourself when buying auto insurance on line. Do your research, make sure the site is secure, double-check the company and agent, update your browser (newer browsers have security measures that alert you to insecure sites), get all auto insurance on line quotes and policy information in writing and keep detailed records. Get more information on company and agent requirements at your state insurance department.

Auto Insurance Tips

- Be wary of people that are selling insurance door-to-door or over the telephone.

- Be suspicious if, after an accident, a stranger contacts you and offers “quick cash” or recommends a particular attorney or healthcare provider. Report the incident to your police department.

- Don’t give your insurance ID numbers to companies you don’t know.

- Carry a disposable camera in your glove compartment. If you get into an accident, take pictures of the damage and the people involved. Ask for names, telephone numbers and driver’s license information for anyone that is involved and for any witnesses.

Click Here to Discover the 12 Fast and Simple Formulas you can use to Get Low Cost Car Insurance…. And Slash Your Car Insurance Costs up to 67% For Life…. No Matter What State You Live In…. Your Age…. What Your Driving Record Looks Like…. And Even If You Have Less Than Perfect Credit

The American Auto Insurance Resource Blog has resources to help drivers learn more ways to keep premiums low. Visit our other Archives and get tips, read articles, and get definitions and descriptions of the different types of policy protections for auto insurance on line.

Technorati Tags: American Auto Insurance, Auto Insurance On Line

Getting international auto insurance can be a bit tricky at times.  The key to getting the best international auto insurance coverage is knowledge.

In today’s global market, it is very common for business people to travel and work internationally. International business travel can range from a few days to a few years depending on the situation. The longer stays sometimes require extensive living arrangements, and along with that, the purchase of international auto insurance. Even short visits may require new or additional insurance coverage. When your current insurance company either won’t cover you while abroad, won’t offer international auto insurance or will only offer you limited insurance, it’s important to obtain proper insurance coverage, such as international auto insurance.

Whether you’re renting a car, purchasing a vehicle or shipping your own car to your destination country, you’ll need to have sufficient auto insurance coverage based on the local driving laws and insurance regulations.

What you need to know about International Auto Insurance:

1) You can easily purchase quality international auto insurance even though coverage requirements and laws differ from country to country.

2) You can buy additional auto insurance within your destination country. Although international auto insurance  typically provides enough coverage abroad, some countries require that you purchase specific insurance within the country itself.

3) Rental car companies usually require that you buy insurance through their agencies, but that coverage may not be enough or cover what you’d expect it to (comparable to your current auto insurance). Obtain extra coverage when renting internationally.

4) When traveling as a passenger in a vehicle get additional international auto insurance. In some countries a ride in a taxi can cost you much more than just the cab fare plus tip.  Many countries do not require cab companies (or anyone else) to cover you as a passenger in the event of an accident. If you are in an accident and you are injured, drivers don’t have to pay for your medical costs, so in these cases you need additional auto insurance when traveling as a passenger.

Check out our other posts for more information on international auto insurance.

Technorati Tags: American Auto Insurance, International Auto Insurance