Car insurance rate » People

Is GEICO Car Insurance Very Good? – Cheap Auto Rates

admin — Mon, 12 Jul 2010 20:09:28 +0000

Geico is one of the more familiar car insurance brands that we see today because they spends millions every year promoting there Car Auto Insurance as being one of the best you can buy. We want to look at there insurance and see if a cute mascot and a lot of advertising is always the best method to use when searching for affordable car insurance.

The Insurance company has been around for over 70 years and having a big name in the insurance business can be a real plus in giving people great rates.

It is important that when you are searching for Auto Insurance that you get many quotes to see what the best rate you can get is. Also you want to always make sure you compare the policies so that you know for what you are paying you get enough coverage.

You can find an insurance quote that is a great rate but does not give you enough coverage in case you get into an accident. It is very important to have enough coverage in case that you have a loss on your car so that you can get it fixed or replaced. It is also very important that you have enough coverage that in case someone is injured and it is your fault that your coverage will cover them. You do not want to get sued and be in a bad situation because you had too little coverage.

Remember that Geico is a good nationally known insurance company but when you are searching for Auto Insurance make sure that you get multiple quotes.

By: Bryan Burbank

I Was In An Accident, Will My Car Insurance Rates Go Up?

admin — Fri, 09 Jul 2010 14:49:50 +0000

You were on the phone, got distracted and before you knew it traffic had stopped, giving you no room to stop and you rear end the girl in front of you. Or, let’s say you’re driving along and a deer jumps out and rams into the side of your door.

Now, let’s say you need to file and claim and get your car fixed. But, are your rates going to go up?

In the first case, more than likely they will depending on how much your insurance company pays out to fix both cars and medical bills if anyone was injured.

But, in the second example, since this will be a comprehensive claim your rates should not see an increase at your renewal. Unless you have a long history of hitting deer then the people from PETA will be out to get you. Or if you file a lot of small glass damage claims then your rates could be affected or you may have to pay a higher deductible for comprehensive in which case small glass damage will be less than your deductible and you will pay out of pocket.

Part 2: How long does an accident stay on my record?

Ok, so back to the example where you rear ended someone. We have already established that you are going to see your insurance rates go up. Now, we need to find out how long and how much will they go up.

State insurance boards usually allow insurance companies to charge for a accident for 3 years from the day they started charging for it. Not from the time you got into the accident. You got in the accident in December and your policy runs from October to April. Your rates won’t be affected until April of the next year and the surcharge will drop off 3 years from that April.

How much will your rates go up? Are they trying to get back the money they paid out for my claim? You can usually expect a rate increase of between 20-40% on average per six months. They could go up even more if you lose some discounts you were getting, such as a claim free discount.

The increase is not a recoupment of the monies paid out by your insurance company. It is designed to charge you a premium based on the risk, or chance, that you will get into another accident in the next 3 years. You are a higher risk to the insurance company and they are able to charge you for the higher risk you present to them.

If it was based on how much the insurance company paid out then you wouldn’t be able to afford it if you totaled out your 2004 Nissan Maxima at $25,000 and you had to pay that back within the 3 year surcharge period. Makes sense? Good, now get off the cell phone!

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Innovations in Car Insurance With Accident Forgiveness

admin — Mon, 19 Apr 2010 09:12:25 +0000

California insurance companies have just started offering unique options for consumers popularly referred to as,Accident Forgiveness. Some people have been asking questions like, Is it right for me? How do you get? How much does it cost? I heard something about ticket forgiveness too, does that come with it? And how does it work?

Car Insurance Savings – Get Lower Rates Because Of Your Profession

admin — Sat, 15 Aug 2009 09:07:12 +0000

Some professions are given lower rates by certain insurance companies. You’ll do well to find the company that favors your profession. Be assured that you are certainly losing some reasonable sums of money if you choose not to identify such companies. I’ll show you why this is so and how you can benefit from it.

In car insurance, your profession can get you lower rates. As an example I’ll use the engineering profession. There are a lot of things other people will treat carelessly about their cars which engineers as a matter of fact can’t. Certain insurance companies think that those things that engineers, as a habit, take care of in their cars are such that increase their road safety records and, consequently, reduce the risk of insuring them. Such insurance companies will, therefore, charge engineers lower rates. Here are a few of such traits that make those insurance companies favor engineers.

They are less likely to have many accidents that are due to technical faults as they are very likely to notice them at their early stages. Once they notice such faults they are better trained to respond appropriately even if it happens in places where professional help may be far away.

The technical specifications of a car will be a top interest to them by reason of their training. Since they are the group that will get to know the most about the technical details of their car, you can trust that they’ll always take it into consideration whenever they are using it. This group will be the first to give you a list of cars that are prone to this or that and such knowledge is certainly an advantage.

It will be good to point out that such concessions remain valid if you have a good driving record. Otherwise will annul the very argument that brought about such concessions in the first place.

There are also insurance companies that also favor teachers with lower rates. This has to do with the low risk they associate with insuring the group. Such insurance companies see them as a very responsible bunch.

Every one expects a level of exemplary life from a teacher. Teachers also realize this. Since they are a major influence on our children, every right thinking parent will want to be satisfied that his/her children’s teacher is a worthy one (That the kids too are watching them is another fact). You will be a very careful driver if you know you are watched so closely. With the result being a high road safety record which insurance companies love.

For those whose professions weren’t mentioned in this article, it does not mean that there are no concessions for you. There’ll be either one or two companies that will favor you. You can get your concession if you are willing to do some diligent research.

Car insurance quotes sites are very necessary for this task. Getting car insurance quotes was never easier than with these sites. You’ll be given a quote when you complete the required form at each site. If you need other information that are related to your car insurance, you can easily get them from these sites if you know what you’re doing.

You’ll do well if you get as many car insurance quotes sites as possible for the simple reason that the more quotes you get the more likely you’ll make bigger savings.

By: Chimezirim Chinecherem Odimba