This is default featured slide 1 title
This is default featured slide 4 title
 

Monthly Archives: June 2018

About Driving Without Insurance

1. Bodily Injury Liability: a driver who causes an accident (the at-fault party) must cover all medical cost for the treatment of non at-fault party. Treatment and rehabilitation for physical injuries can cost a lot of money on the at-fault’s part without this coverage.

2. Property Damage Liability: the at-fault party should be responsible for vehicle/property damages as well. The cost for vehicle repair or replacement is the at-fault’s burden to bear. The coverage helps cover the expenses.

Liability insurance does not cover medical treatment and vehicle repair for the at-fault’s part. Drivers have to understand that one of the main purposes of auto insurance is to show that they are responsible for any accident that they may cause while they are driving.

Beyond the Road

Auto insurance is not just mandatory requirement by the state. Many (if not all) lenders are reluctant to finance a vehicle unless the borrower agrees to purchase at least minimum coverage requirement. In some cases, lenders also need some optional coverage types such as Collision and Comprehensive to protect the value of the vehicle in the event of both collision and non-collision crashes.

· Collision: in the event of collision after which the policyholder’s vehicle sustains damages, collision coverage helps to pay for repair expense. From lender’s perspectives, Collision coverage helps to maintain the value of the vehicle at least until the policyholder pays if off.

· Comprehensive: when damages are from non-collision instances for examples vandalism, animals, fire, and falling objects, Comprehensive coverage helps to cover the repair cost.

Many lenders require both coverage types before they allow a borrower to drive the car away. Even if the state’s DMV regard the coverage as optional, driver must accept that lenders can make the coverage mandatory for as long as the lease period is valid.

Not-At-Fault

Although it seems that auto insurance is only important for the at-fault party in an accident, the not-at-fault also needs auto insurance for legal reasons. For example: when an uninsured driver becomes the victim in an accident, the police officers in duty should still ask the driver to produce proof of financial responsibility. Failure to produce insurance card or similar document will result in driver license suspension. In worst case scenario, there will be fines, punishment in form of voluntary service for the community, or jail times. No matter what the punishments are, uninsured drivers are in real risks of difficult consequences.

High-Risk Drivers

In the states where auto insurance is mandatory, uninsured drivers (even when they are not at-fault in an accident) also have to deal with potential drivers’ status relegation from low-risk to high-risk; in this case, higher is worse. In the U.S., there are plenty of traffic checkpoints where police officers have the rights to ask for drivers’ insurance information. For those who drive without proof of insurance, there can be penalties such as SR-22 requirement. SR-22 is a certificate to guarantee that the holders will meet insurance requirement. The certificate also indicates high-risk driver status.

How to Deal with High-Risk Status

High-risk is not just a label to indicate a driver’s tendency to break traffic regulation, but it puts heavy weight that the holder must carry in terms of insurance. A high-risk driver cannot apply for random auto insurance and expect easy approval. Most insurers deny such application because they want to avoid potential expensive claims due to reckless behaviors behind the wheel. Once a driver gets his/her high-risk status, any typical insurance company is reluctant to provide coverage. The solution is to turn to non-standard auto insurer.

Standard vs. Non-Standard

Auto coverage from either standard or non-standard insurance company is the same, but there is big difference in price. Because non-standard insurers accept the fact that their customers are high-risk, they tend to charge more expensive premium rate. However, there are some companies from which high-risk drivers have options to lower the cost with discounts or payment options.

Good to Go Auto Insurance is the first name that comes to mind, with its abundant options of discounts for drivers or vehicles that meet the eligibility requirements. A completion of a Driver Course and the existence of Safety Device in vehicle can bring substantial price reductions. Other discounts are available for good students, loyal customers, and ticketless drivers.

Selecting Car Insurance

A comprehensive car insurance policy covers the owner’s damages as well as the damages of the third parties who suffer loss due to collision. If your car is new then never commit the mistake of getting only third party insurance done, which is mandatory to have by the Indian law, as repair costs in case of accidents can be steep. Also, there are many add-ons over the regular OD (own damage) section of comprehensive car insurance policy that one should consider while selecting a plan. Important add-ons are:

• Depreciation Reimbursement: The depreciation on parts that have to be replaced because of damage is waived off under this add-on.

• Return to Invoice: The insurance company pays the difference between the claim admissible and the sale invoice price of the vehicle or new replacement value of the same make and model, whichever is less.

• No Claim Bonus Protection: NCB of over 25% is earned on a new vehicle or by no claims in previous two years. This NCB is protected under this add on provided there are up to 1 claim in a year and the policy is renewed on or before 90 days of the expiry of the policy.

• Repair of Glass, Rubber, Fiber & Plastic Parts: NCB is not affected when claim is filed to repair the glass, rubber, fiber & plastic parts instead of replacing them.

• Emergency Transport and Hotel Expenses: In events when the vehicle becomes UN-usable the cost of hotel accommodation at nearest place and return to home expenses are allowed up to 50% of the sum insured or Rs. 50,000, whichever is less under this add-on.

• Loss of Personal Belongings: Loss of personal belongings lying in the insured vehicle following an accident is covered.

• Key Replacement: Cost of replacement of lost vehicle keys is allowed.

• Daily Allowance: Cases where the damage takes place due to insured peril and the vehicle takes more than 3 days to get repaired, the insurer would pay allowance for hired transport up to 10 days for normal damages and up to 15 days for total loss. Per day allowance ranges from Rs.600 to Rs.2000 depending on the category of the vehicle.

About Classic Car Insurance

• Do you know the difference between the automobile term, horseless carriage, and the term vintage car? A horseless carriage is in reference to the antique cars that went public from 1896 to 1915 and a vintage car refers to cars made between the years 1916 and 1925.

• See if you can guess this one! How many Barracuda convertible cars were produced in all? The grand total will set you reeling: there were seven in all!

• If you managed to come up with the answer to the above, see how well you do on this one. How many 1940 Dual-Cowl Phaetons did the manufacturing auto company produce in all? The modest answer is six!

• The great and oftentimes revered Mustang car was initially presented by its manufacturer in the year 1964.

• Though car fans usually are associated with the color red, the very first Camaro car was actually bathed in the color black. (Black is beautiful, right?)

• Ever wonder where the English dictionary came up with that great word we reference to the car? Automobile is actually two words that are blended together. Auto means oneself and mobile means the ability to move. Hence, an automobile is that wonderful invention that allows an individual to travel via driving maneuvers!

• The renowned auto company began mass production of its reasonably priced Model T automobile in the year 1913.

• If you view movies about Fidel Castro’s dictatorship, you will be led to believe that the natives only drive classic cars. The reason for the large amount of older cars on the streets of this Latin American country is due to the infamous US Trade Embargo of 1960 that resulted in no new trade of automobiles between the nations.

• Want to know about cheap auto insurance for your classic vehicle? Talk to an experienced independent insurance agent. He will demonstrate how to choose the appropriate policy according to your driving needs and mile accumulation as well as other factors.

PRIME Insurance is an A++-rated agency that has wide recognition for its excellence. Winner of numerous industry awards and appointed to do direct business with over 40 of the leading companies, PRIME shops its broad network to bring customers tailored coverage at competitively lowest quotes.

Affordable Vehicle to Insure

One nice thing about a jeep is its safety features like dual airbags and solid frame. Also, it can be driven on any terrain, from sand to snow, and this makes it lot safer than small cars. Just like every other car, Jeeps also have limits, and so one must take caution while driving, however, you are free to have fun with your ride. Having these low insurance rates in mind, you can go out there on some more explorations and be adventurous! For years, the producers of these famous cars, The American Motors, gave a picture of these cars as an icon of liberty, freedom, and adventure. If you own a Jeep, then try out some routine four wheeling and have that incredible aura that comes with a Jeep.

Getting Cheaper Wrangler Jeep Rates

Do you know you can get cheaper insurance rates for your Jeep? Check out these tips and save more.

· Combine all your cars

You will get as high as 10% discount for insuring all your cars with an insurance company. This saves you extra bills, making insurance a little easier. You may also want to combine your vehicle and home and save some real cash. Bundled rates are mostly cheaper than purchasing separate coverage from different insurance firms.

· Boost your Credit Rating

Improving your credit score helps you get cheaper insurance rates. Insurance providers are now emphasizing on individual credit rating in calculating insurance premiums.

· Direct Shopping with Insurance Companies Online

It’s no longer news that the web offers incredible deals; same applies to vehicle insurance. Today, virtually every individual has access to the internet, so no excuse is good enough for not shopping online. Purchasing coverage directly from providers can save you as high as between 5% to 20% less the cost from local agents or brokers.