The state of California is telling unemployed residents there are auto insurance options if you have been hit hard by the recession or are unemployed. State official are trying to warn residents of the dangers of driving without insurance and the financial implications should an accident happen for people without auto insurance coverage.
Many people across the country have allowed their auto insurance policies to expire and do not have the financial means to activate them. California authorities and officials are warning residents that this can have serious repercussions should an accident happen. Being responsible for the cost of car repairs after an accident can financially ruin people without auto insurance.
The California Department of Insurance has recently started offering assistance to unemployed or low income drivers. To qualify for the program drivers must be in a specified low income bracket, drive a car valued below 20 thousand dollars and has held a valid drivers license for 3 years.
This program has allowed some drivers to afford auto insurance instead of just allowing their policies to expire.
Saturday, August 14, 2010
5 Useful Tips for a Cheap Car Insurance
A third-party car insurance is the minimum that a car owner needs to have as far as the Indian law goes. Purchasing a comprehensive insurance policy is left to the owner to decide. However, the bottom line remains that getting any of these is expensive. But, what if your car meets with an accident or gets stolen? It’s not always someone else who faces these situations. It could happen to anyone including you. You need to have your car insured. This article offers 5 useful tips on how to obtain a cheap auto insurance policy.
1. Compare and Save
With the increased number of automobiles in the country, the number of auto insurance sellers has also increased. With plenty of these providers, the competition has been getting stronger with one company trying its best to outdo the rest with attractive offers. With a little research, a judicious customer will be able to judge which car insurance provider offers the best policy at a low rate with great coverage. Remember, no insurance company is a non-profit organization. Just as you would have done while purchasing your new car, or while applying for the car loan, negotiate, collect car insurance quotes from multiple providers, compare some of the best deals and save.
2. Choice of Vehicle
The insurance amount also depends on your vehicle and the risk involved with the car. A very expensive car, say a sports car, will certainly bear a higher insurance premium. Then, there are certain cars shortlisted by companies as the most stolen cars. These cars too come attached with higher risk, and so, with a greater insurance amount too. On the other hand, vintage cars are driven by the more careful drivers and everybody knows this fact. They are likely to draw a lower premium. If you have a car with parts that are too expensive to replace expect a slightly expensive premium. Meanwhile, owning a rather safe package with plenty of safety features pre-installed in the new car also means that your insurance premium is going to be lower.
3. Go for the Basic Level of Coverage
Anything can happen on the road, but what’s the probability of fatalities? Very low, right? Insurance companies are intelligent enough to calculate the number of accidents or thefts associated with cars during the course of the year. Surveys are conducted to calculate this and the insurance amount is planned. However, these companies make huge profits and many a times the amount goes unclaimed. So, go for the basic level of coverage. This would be an intelligent and cheaper move. Set aside the amount you would have spent on the comprehensive insurance; save it in case of an eventuality.
4. Making Lump Sum Payments
Many insurance providers agree for monthly car insurance premium payments. However, it is advisable to pay it all at once as many companies offer discounts for lump sums paid on premiums. This needs to be checked while making the auto insurance deal. It is of course easier to pay the amount in monthly instalments, but if funds are available, paying the entire amount is intelligent and cheap.
5. Improving Safety
Insurance providers are usually lenient it comes to offering auto insurance to security-conscious car owners. Having security items installed in your car like alarms and immobilizers could get you a good discount on your insurance policy or the premium. And yes, nobody expects you to install airbags in your car if they do not have them. That can cost you a lot more. Instead, choose a variant of the car you like to buy that has airbags already installed. To that, add a clean driving record and the insurance provider will most likely decrease the premium.
1. Compare and Save
With the increased number of automobiles in the country, the number of auto insurance sellers has also increased. With plenty of these providers, the competition has been getting stronger with one company trying its best to outdo the rest with attractive offers. With a little research, a judicious customer will be able to judge which car insurance provider offers the best policy at a low rate with great coverage. Remember, no insurance company is a non-profit organization. Just as you would have done while purchasing your new car, or while applying for the car loan, negotiate, collect car insurance quotes from multiple providers, compare some of the best deals and save.
2. Choice of Vehicle
The insurance amount also depends on your vehicle and the risk involved with the car. A very expensive car, say a sports car, will certainly bear a higher insurance premium. Then, there are certain cars shortlisted by companies as the most stolen cars. These cars too come attached with higher risk, and so, with a greater insurance amount too. On the other hand, vintage cars are driven by the more careful drivers and everybody knows this fact. They are likely to draw a lower premium. If you have a car with parts that are too expensive to replace expect a slightly expensive premium. Meanwhile, owning a rather safe package with plenty of safety features pre-installed in the new car also means that your insurance premium is going to be lower.
3. Go for the Basic Level of Coverage
Anything can happen on the road, but what’s the probability of fatalities? Very low, right? Insurance companies are intelligent enough to calculate the number of accidents or thefts associated with cars during the course of the year. Surveys are conducted to calculate this and the insurance amount is planned. However, these companies make huge profits and many a times the amount goes unclaimed. So, go for the basic level of coverage. This would be an intelligent and cheaper move. Set aside the amount you would have spent on the comprehensive insurance; save it in case of an eventuality.
4. Making Lump Sum Payments
Many insurance providers agree for monthly car insurance premium payments. However, it is advisable to pay it all at once as many companies offer discounts for lump sums paid on premiums. This needs to be checked while making the auto insurance deal. It is of course easier to pay the amount in monthly instalments, but if funds are available, paying the entire amount is intelligent and cheap.
5. Improving Safety
Insurance providers are usually lenient it comes to offering auto insurance to security-conscious car owners. Having security items installed in your car like alarms and immobilizers could get you a good discount on your insurance policy or the premium. And yes, nobody expects you to install airbags in your car if they do not have them. That can cost you a lot more. Instead, choose a variant of the car you like to buy that has airbags already installed. To that, add a clean driving record and the insurance provider will most likely decrease the premium.
Subscribe to:
Posts (Atom)