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Last Updated: Mar 26th, 2006 - 13:41:45 |
Car Insurance Know How
New Auto Insurance Ratings May Affect Cost of Coverage
Auto insurance consumers in California need to look carefully when they buy or renew their policies during the next 12 months. That's because the cost of auto insurance may change - in some cases, significantly - because of new auto ratings that took effect Oct. 1. Those changes resulted from the passage of Proposition 103, the 1988 voter-approved initiative that sought to lower insurance rates for autos, homes and other types of property and casualty insurance.
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Car Insurance Know How
How To Negotiate with the Insurance Adjuster
Several months ago you had a motor vehicle accident in which you were injured and now you and I. M. Strong, the adjuster from Granite Mountain Insurance, are sitting at your kitchen table in an attempt to settle your claim.
Strong is all wound up and on the offensive, rambling on and on about how your injuries weren't serious. His typical pitch usually goes something like, "Look, I've been at this a long time. I've talked to people like you, day in and day out, for over twenty years. People who've gone through exactly what happened to you, with the same sort of claim as yours.
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Car Insurance Know How
Does Your New Car Have The Coverage It Needs?
To get the best value for their money, most people will take the time to comparison shop and review new car guides. However, to properly protect their investment, consumers need to take a few additional minutes to ensure that their auto insurance is top of the line. "By asking the right questions, you can obtain the best insurance for your needs," said Cathy Rein, President and CEO of MetLife Auto & Home. "There are ways to take the sting out of premium increases associated with the purchase of a new car, simply by making a few smart decisions. Also, there are many unexpected out-of-pocket expenses that consumers need to be aware of, because all insurers are not the same."
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Car Insurance Know How
YOUR INSURANCE CLAIM MEDICAL INSIGHTS AND EXPENSES
There’s nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a direct result of that injury and the “pain and suffering” you were forced to deal with when your motor vehicle got smashed into.
Besides botching up your body (and sometimes your love life) what else does the injury mean to you? It means a ton of financial expense’s, including repairing your motor vehicle, lost wages, a shock to your life style, a tremendous inconvenience plus short and/or long periods of pain and discomfort - - all of it a direct result of your injuries.
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Car Insurance Know How
GETTING REIMBURSED FOR YOUR 'PAIN AND SUFFERING'
You’ve had a motor vehicle accident some time ago when a local character by the name of Fred Fuddle smashed into your rear end but now you're in the home stretch with his Adjuster, I. M. Strong, and you’re going to be paid for your loss by Strong’s employer, Rock Solid Insurance. A good portion of it will be for your "pain and suffering". That is, in the lingo of insurance claim settlements, your "compensatory damages". Let's talk about that.
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Car Insurance Know How
SIX CRUCIAL INSURANCE CLAIM POSSIBILITIES
There are dozens of insurance claim possibilities which will increase the dollars awarded you in the settlement of your personal injury claim. Some of them rarely see the light of day but some do. The six I’ve listed below are crucial for you to be aware of as you prepare to go to war with Henry Hard-Nose, the adjuster from Fuddle's carrier Rock Solid Insurance, regarding the value of your loss.
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Car Insurance Know How
Annual Auto Insurance Checkup
Understanding your car insurance could save you some money down the road. For example, many drivers are surprised to learn their insurance doesn't cover rental car costs, should their car need repairs. After an accident, the average vehicle stays in the shop for two weeks. Rental costs for that amount of time can be more than 500 dollars. Other insured drivers pay little or nothing to rent a car because their policies include a little known option called rental reimbursement, available for only a couple of dollars a month.
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Car Insurance Know How
Speeding Up The Claims Process
Knowing what to do in the moments following a property-damaging event can help consumers make the claims process go smoother. Insurers recommend immediately documenting the occurrence (with photos if possible), making a list of people who saw the event take place and exchanging information with any other parties involved. However, remaining calm can sometimes be difficult after the unexpected happens-whether it's a fender bender or catastrophic storm.
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Car Insurance Know How
SPECIAL FOR THE READERS OF CAR JUNKY
I've recently been asked by several readers of Car Junky how they can be positive they really got all the money due them by the insurance company? I'm absolutely confident that BASE (The Baldyga Auto Accident Settlement Evaluation) Formula, found in my book, will provide them with the info they need, however to answer these readers please allow me to make this suggestion...
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Car Insurance Know How
MOTOR VEHICLE ACCIDENT FACTOIDS
Motor vehicle accidents, personal injuries and insurance claims are here to stay. No matter how far into the 21st Century American’s elect to drive (unless by the beginning of the 22nd Century we’re all zipping around in our own personal space ship) motor vehicle accidents will continue to pile up; with no end in sight!
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Car Insurance Know How
Lowering Auto Insurance Rates
Here's an auto insurance tip: The length of your policy could affect how much money you spend down the road.
For example, a recent study found converting from a one-year to a six-month policy could increase insurance rates by as much as 40 percent and from 2000 to 2002, the percentage of price quotes issued by insurers for six-month policies increased by 28 percent.
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Car Insurance Know How
CAR ACCIDENT INSURANCE CLAIM REGARDING IMPACTS AND INJURIES
At the end of 2002 it was determined that in the good ole‘ US of A, there were approximately 12.3 million motor vehicle accidents involving over 21 million vehicles. This amounts to a little over one crash per second. Let’s take a look at four of the most common of these gazillion impacts and the typical injuries they cause.
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Car Insurance Know How
YOUR MOTOR VEHICLE ACCIDENT CLAIM
Your lost wages...A couple months ago you were toolin' on down the avenue, minding your own business, when out of nowhere, this fumbling, stumbling individual by the name of Freddie Fuddle flew through a Stop Sign and plowed into you with a gigantic, rip-roaring, screeching broadside. You were wearing your seat belt but it was still a thundering crash that wrenched and whipped you around the inside of your motor vehicle something fierce!
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Car Insurance Know How
OUTSIDE PRESSURES ~ ON ADJUSTER HENRY HARD-NOSE
Adjuster Henry Hard-Nose is not without outside pressures he must deal with every day. You should be aware of the most important of these because if understood they’ll put money in your bank. The first of these is your State Department Of Insurance. Every state has a Department, or Commissioner, or Bureau of Insurance that overseas the antics of a Henry Hard-Nose in that particular state. Each has a Consumer Complaint Division.
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Car Insurance Know How
Tips for Saving Money On Auto Insurance
Policyholders have seen a rise in their auto insurance costs recently. In fact, the average cost of auto insurance is estimated to increase by 9 percent in 2003.
However, drivers can significantly reduce the cost of car insurance by taking advantage of discounts that many providers offer.
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Car Insurance Know How
Does Your New Car Have The Coverage It Needs?
To get the best value, most people will comparison shop and review new car guides. To properly protect their investment, consumers should also take a few minutes to ensure that their auto insurance is top of the line.
"By asking the right questions, you can obtain the best insurance for your needs," said Cathy Rein, President and CEO of MetLife Auto & Home. "You can take the sting out of premium increases associated with the purchase of a new car, simply by making a few smart decisions."
Read More . . .
Car Insurance Know How
When Not To File A Claim Some Insurers Drop Customers Who File Just Two Claims
You know your insurance is there for you when you need it. However, it's important to know when you need it.
After losing $19 billion between 2000 and 2002, insurers are dumping consumers who file too many or the wrong type of claims. In fact, some people have even found themselves without coverage after consulting with their agent about whether to file. It may sometimes be better in the long run to pay out of pocket. While there's no clear-cut way to determine when to file, there are four common scenarios when you might find your insurance carrier would prefer not to hear from you.
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Car Insurance Know How
INSIDE-INFORMATION REGARDING YOUR MOTOR VEHICLE ACCIDENT INSURANCE CLAIM
Here’s some “Inside-Info” you must know so you won’t be taken advantage of on your motor vehicle accident insurance claim and also: SO YOU CAN COLLECT EVERY DOLLAR THAT’S OWED TO YOU ! The following 8 are just “The Tip Of The Iceberg.
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Car Insurance Know How
INSURANCE CLAIM SETTLEMENT INSIGHTS
How the liability system actually works, in the world of insurance claims, is a joke because what America’s motor vehicle law’s are supposed to accomplish often has little (if anything) to do with reality! DEFINING NEGLIGENCE AND FAULT: Negligence, for the purpose of a motor vehicle insurance claim settlement, can be defined as weather the motorist allegedly held at fault for an accident did that which he should have done (or not have done) resulting in harm or injury to you the claimant.
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Car Insurance Know How
Safety = Savings: Save Money on Your Car Insurance
How Smarter Cars and Drivers Can Lead to More Money in Your Pocket. The number of auto accidents is decreasing -- and that’s a trend both drivers and auto insurance companies are happy about. As a result, many consumers could see a decrease in their auto insurance premiums this year. During the last year, auto claims at General Casualty and Unigard Insurance Companies have dropped more than 10 percent, a trend occurring across the property and casualty insurance industry. In addition, almost 90 percent of General Casualty customers have been accident-free during the last three years.
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Car Insurance Know How
How Highly Effective People Save Money On Car Insurance
You can spend hundreds of dollars on books, tapes and seminars to help you become more effective at managing your time and money. And while those may be investments you're willing to make, here's a free and simple way you can save time and money when it comes to your car insurance: Contact an independent insurance agent or broker.
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Car Insurance Know How
FOURTEEN SOLID MOTOR VEHICLE ACCIDENT INSIGHTS
Every driver should always have the following 5 items in their vehicle at all times !
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Car Insurance Know How
Understanding Your Auto Insurance Claim
If you are involved in an accident it is important that you know the proper procedure for filing an insurance claim. You will most likely need to deal with one or more adjusters who will determine the insurance salvage. Follow these simple tips to make sure you have taken all the necessary steps to collect the correct information and follow the correct procedure. Do your self a favor and prepare in advance.
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Car Insurance Know How
Safest Vehicles To Insure - Small Car Category
When the makers of small cars finished building their latest models, they may have the little but deadly creatures on their mind because their products were designed in congruence to the little insect's capability to be powerful and ferocious in spite of its size. In today's contemporary society, the makers of small cars have overdone it by enabling it to be included in the list of safest cars on the road. Notwithstanding its size, these small cars are capable of getting through the traffic with swift motion, dependable driving management, and safe travel.
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Car Insurance Know How
Auto Insurance Fraud - How To Know If You Are A Victim
Auto insurance fraud is dramatically on the increase. Non-profit sites like the Coalition Against Insurance Fraud report that auto insurance fraud costs in the region of $12.3 billion or more each year. What's more it is a very lucrative business for the criminals. But how is this type of fraud generally perpetrated and how can you tell if it has happened to you?
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Car Insurance Know How
Ways to Save on Auto Insurance
The American economy is sucking a lot of money out of consumers’ pockets due to high gas prices and the general increase in every other consumer good from food to clothing that is associated with high oil prices. However, there is good news on the horizon, and that is that auto insurance rates are being reduced. Despite this reduction, there are several things you should keep in mind when shopping for car insurance to ensure you receive the best rate and coverage for you and your vehicle.
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Car Insurance Know How
Factors That Affect Your Car Insurance Premium
Many factors affect the premium you will pay for auto insurance.Each is a statistically based risk for a specific population. The higher the risk associated with a person, the more he or she is likely to pay for coverage. We have elaborated on some of the risk factors below, but there are numerous others, including driver's gender, miles driven per year, purpose for using the vehicle (commuting to work, using for work, leisure only), etc.
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Car Insurance Know How
Seven Steps to Filing Your Car Insurance Claim
Having even a teeny-tiny car accident can be one of life's least enjoyable moments. However, accidents happen, and sooner or later, we all have the experience of meeting one of our fellow road travelers up close and personal. Using the following seven steps to filing your claim will help you get over this speed bump as smoothly as possible.
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Car Insurance Know How
Personal Injury Specialist - A Priceless Asset!
A personal injury specialist is a priceless treasure to anyone suffering from an accident injury. When you are hurt, you know you deserve reimbursement of monetary value to cover your losses. But you have enough problems with your health, so you wouldn't like to handle the claim all by yourself.
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Car Insurance Know How
Finding The Right Insurance For You
You may be sitting on big savings. If you're stuck in an auto insurance rut, simply letting your current policy renew and renew and renew, you could benefit from checking if you could achieve significant savings by switching to a new company. A good time to switch policies is within one month of receiving your policy renewal from your current insurer. That's when you can generally cancel your policy without any fees or penalties.
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Car Insurance Know How
Understanding Your Auto Insurance
Reading auto insurance policies can be like trying to decipher advanced calculus. It's really not that difficult if you understand a few basic terms. Collision, Comprehensive, Bodily Injury Liability and Property Injury Liability are the main terms you need to fully understand.
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Car Insurance Know How
THE BALDYGA AUTO ACCIDENT SETTLEMENT EVALUATION FORMULA
It’s 8:00 AM on a Thursday and a clear, dry day. You’re on your way to work in your motor vehicle proceeding North on Main Street in your home town. You’re 64 years old and the assistant manager of a local video store. Fred Fuddle is a chronically unemployed local with a reputation for being a loud-mouth degenerate who has, over the past several years, been arrested for drunken, disorderly conduct.
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Car Insurance Know How
YOUR CARS AFTER-IMPACT DIMINISHED VALUE
The Actual Cash Value Policy does not insure the property itself but the VALUE of the property. When the insurance company chooses to 'Repair' the damaged insured property such an election DOES NOT relieve that insurance company of their contractual duty to restore the Pre-Loss VALUE of the motor vehicle. To whatever extent such repair?s fail to restore that motor vehicles Pre-Loss VALUE , should be tendered to the policyholder in cash . This is rarely done however the failure to do so is nothing less than insurer fraud!
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Car Insurance Know How
RECENT DEVELOPMENTS REGARDING CAR ACCIDENT INSURANCE CLAIMS
?In 2003 more than 25% of automobile accidents resulted in bodily injury claim. Plus, in a 2004 study (executed via Trends In Auto Injury Claims) it was stated, ?Personal injury claims remain high?.
Records indicate that many people involved in automobile accidents, are embarrassed to seek medical attention because of what they've determine to be bumps and bruises, and they didn't seem serious enough or because the onset of the symptoms did not immediately occur.
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Car Insurance Know How
Hidden Ways To Cut Car Insurance
Consumers are countering rising gasoline prices and other vehicle operating costs by capitalizing on lower auto insurance rates, according to leading insurers.
Auto policy costs and regulations vary significantly from state to state, but there are a number of areas that consumers are able to control and adjust to optimize prices and quality. Answer Financial (www.answerfinancial.com) has 10 tips for keeping your rates down:
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Car Insurance Know How
Car Insurance Premium Factors: Multiple Cars, Car Type, Driving Distance, and Location
Car insurance companies take many factors into account when determining what premiums the insured will pay. Everybody does not pay the same premium. You pay a premium based on what the company assesses as the possible risk you pose. Are you a driver who is likely to file a claim? When deciding this question, insurance companies require information ranging from your driving record to your age to safety features on your car. Other information considered is how many cars are covered under the policy, the type of car insured, the amount of driving your do, and where your car is located.
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Car Insurance Know How
Your Record, Age, Driver Education, and Car Equipment
When insurance companies determine what premium you will pay for car insurance, they take into consideration a variety of factors, including some things like the type of car you drive, how far you drive and what area you live in. Also taken into consideration are personal attributes the insurance company can glean from the information you provide, as well as your records. This information includes your driving record, as recorded by your state's Department of Motor Vehicles (DMV), your age, any driver education classes you have taken, and the anti-theft and safety equipment in your car. By being cautious, you can lower your insurance premium.
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Car Insurance Know How
Types of Car Insurance Coverage: Uninsured/Underinsured Motorist
Car insurance is one of those things necessary in today's world. While many states require proof of insurance before a car can be registered, not all states have this requirement. Some states, while they require liability insurance at the very least, do not actually enforce this law until there is a car accident. And by then, it is too late to protect yourself.
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Car Insurance Know How
Types of Car Insurance Coverage: Collision and Comprehensive
Driving a car naturally involves many costs beyond the initial purchase: gasoline, repairs, regular maintenance and, of course, insurance. There are many different types of car insurance coverage, and two of those kinds are collision and comprehensive. Each type of coverage comes with its own benefits.
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Car Insurance Know How
Types of Auto Coverage
The law is that as long as you own a car you must have insurance. In 2001 and 2002 auto insurance premiums rose drastically. The fact that the emergence of baby boomers into late middle age is lowering accident rates and cars are becoming safer is helping to lower the cost of auto insurance. Despite these changes annual auto insurance premiums for Americans remain close to or above a thousand dollars. Because auto insurance coverage is specific, individual annual auto insurance premiums can vary drastically. Individual rates depends on the following factors:
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Car Insurance Know How
Why You Must Review Your Car Insurance Carefully Every Time You Move
Many people will never think to take another look at their car insurance when they move or change neighborhoods. And yet this is a useful thing to do. It could end up saving you a lot of trouble later.
Most of us are unaware that there are many factors that affect car insurance. Actually the factors are so many that by simply changing your address by crossing the street to the other side can drastically change your car insurance premiums.
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Car Insurance Know How
Saving Money on Car Insurance
There are many different types of car insurance in existence today - from general liability to collision to comprehensive and beyond - the simple fact is that drivers are required by law to maintain some level of coverage. However, it can also be an expensive endeavor, especially in a time where other automotive expenses are rising exponentially. So how can individuals afford to maintain auto insurance coverage in this day and age? Here are some tips that might help lower your car insurance bill.
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Car Insurance Know How
Important factors to consider before purchasing car insurance
Because it is a legal requirement to have car insurance, all that most people do is look for ways to hurriedly obtain insurance for their cars without giving much thought to the sort of car insurance that they are obtaining or the finer details of the car insurance that they are purchasing.
This is plain old suicide because just a single accident can financially wipe out an underinsured person. Or even a person who purchased car insurance without considering some important factors about their cover.
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Car Insurance Know How
Finding the Right Auto Insurance Policy
If you know what type of coverage you are looking for or if you are looking for the best deal on auto insurance then you need to know how to look for the best offer. If you have had any accidents or moving violations on your record within the last three years, your options for affordable auto insurance may be somewhat limited. Still, it is a good idea to cast a wide net in your search. You should also be honest about your driving record, if you are not, you risk the possibility of having coverage interrupted or denied.
The cheapest offers from direct sales insurers typically do not extend their best rates to drivers with accidents or violations on their record.
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Car Insurance Know How
A Look at Car Insurance Coverage
Anyone who drives a car knows that auto insurance is an unavoidable cost of driving. It can be very expensive, or relatively painless, depending upon the kinds of coverage you choose, and rates your driving record makes you eligible for. While different states require different types of coverage, one type of coverage is universally required: liability coverage (also known as bodily injury).
Liability coverage is insurance that pays for harm to others involved in an accident for which you are found to be at fault.
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Car Insurance Know How
Get the Best Car Insurance Quotes. A Look at Car Insurance Coverage
Liability (Bodily Injury)
Anyone who drives a car knows that auto insurance is an unavoidable cost of driving. It can be very expensive, or relatively painless, depending upon the kinds of coverage you choose, and rates your driving record makes you eligible for. While different states require different types of coverage, one type of coverage is universally required: liability coverage (also known as bodily injury).
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Car Insurance Know How
HANDLING YOURSELF AT YOUR MOTOR VEHICLE ACCIDENT SCENE
You were struck and it’s clearly not your fault! If at all possible, don’t remove your vehicle until the police arrive, allowing them to ensure whatever evidence may be important.
THE EYE WITNESS: If you have a pad and pen with you it’s not a good idea to ask, “Did you witness this“? More often than not that will turn them off!
It’s much better to ask, “What happened here?” If the individual is willing to talk don’t insist, “Give me a written statement”, because that seems too formal or demanding.
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Car Insurance Know How
Tips For Curbing Insurance Costs
There are ways people can drive down the cost of their auto insurance. One of the fastest-growing auto insurers in the U.S. offers these tips:
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Car Insurance Know How
How to Put More Muscle in Collectible Car Insurance Policies
Baby boomers are notorious for spending big bucks on things that remind them of their childhood. Old Spiderman comic books, memorabilia from television shows like The Brady Bunch and All in the Family, and muscle cars -- with their small bodies and big engines -- are among the more popular collectibles.
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Car Insurance Know How
Small Print Can Make A Big Difference in Collision Repair
The small print in your auto insurance policy can make a big difference if you need to have collision repairs made to your vehicle-especially if parts need to be replaced.
Most policies written by insurers are carefully worded when it comes to replacement parts. You are likely to find that your policy lets your insurer use replacement parts that are "like kind and quality," "equivalent quality" or "functionally equivalent" to the parts provided by your vehicle's manufacturer.
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