Car Insurance on Rentals

July 20, 2014 by  
Filed under Car Insurance, Featured

Every time you rent a car you are asked what kind of insurance you would like. The options are generally to take none, which costs nothing, or you could cover liability insurance, which should cost about $10 per day.

Then you have a variety of options to cover the rental car itself, these prices vary from company to company and state to state. The full coverage option, which includes liability, passengers, and the rental car usually, comes to about $25 to $30 a day.

Credit Card Coverage

Make sure you check with your credit card company and your auto insurance company before you get extra insurance on your rental car.  Most insurance companies will cover a rental car depending on your policy. Credit card companies may also cover your rental car so check with them to make sure before you purchase insurance through the rental car company.

Many times people pay extra because the rental car company tells them that their private insurance won’t cover the rental, but in most cases this isn’t true, so do your homework and double check before forking out the extra cash.

Fail Proof Ways To Get Auto Insurance Savings

It pays to shop around. Remember that not all insurance companies are made equal and their auto insurance prices surely vary. Ask for price quotes from different companies for you to discover which of them charge higher or lower. Don’t settle on the company that approaches you first. By shopping around, you’ll be able to see the one that offers the lowest auto insurance quote.

It is also important that you avoid getting a speeding ticket. Why? It is because you’re driving record always matters when it comes to the price of your auto insurance. If you consistently get an over speeding ticket, expect your insurance rates to go up. So if you want to keep your rates low, drive safely and avoid speeding to maintain a good driving record.

While all of us are drooling over certain vehicle model, it isn’t really practical to get the car of your dreams when talking about auto insurance. Even if that sports coupe you’re dreaming of for many years now will be one of the coolest driving machines in town, you must stay away from it if you want to get the lowest possible auto insurance rates. The secret here is to settle on sensible cars or those travel buddies that aren’t on top or aren’t even included in the list of theft or accident reports.

It is also a good idea to avoid filing claims. Some auto insurance companies will not tell you this but once you file a claim on your insurance policy, the more likely your rate will go up. So to avoid high insurance premiums, stay away from filing a claim. Also, if you file claims over and over again, insurance companies will tag you as such and this will result in auto insurance price hikes.

And aside from giving you peace of mind, installing car security devices also gives you lots of savings on your auto insurance premiums. How? Well most insurance companies give discounts for every safety and security device installed in your ride such as automatic safety belts and car alarms.

Some of these devices come standard on several vehicles while most come optional and can be installed in your ride anytime you want to. They are widely available in most auto-part stores online and offline. There are also some sates that give discounts for some vehicle features like window sketching.  So if you really want to see a difference on your insurance rate, equip your vehicle with as many car security add-ons as possible.

Car Insurance Pricing Plans

June 18, 2010 by  
Filed under Car Insurance, Featured

The law requires at least liability insurance for all drivers and vehicles. This means that if you are involved in a serious accident, and it turns out that it was your fault, your insurance company will pay out any claims that are made against you.

The way it works is the more they feel you are at risk of crashing, and the more they think the resulting crash will cost them, the higher the premium you’ll pay.

Assessment

Common factors that will determine the premium are; the value of the car you’re driving, the safety of that vehicle, the coverage you want; will there be deductibles or limits etc.? How much you’ll drive the car, how your driving record stands, how long you’ve held your license, your age, and if you are young, also your sex.

The premium is then calculated. Usually there is a flat per car, per year rate that everyone pays, regardless of other factors. The other factors will then alter this rate, generally upwards. So if your car is especially fast or dangerous your rate will be increased by a set amount. If it is very old, your rate goes up. If you’ve had one or more accidents in the past, your rate will go up. If you’re young and male, your rate will go up. The more of these factors you satisfy, the more your rate will be going up.

Discounts

Most companies offer discounts to safe drivers, multiple vehicles, safety devices and anti theft devices.

The best way to save on car insurance is to shop around, keep a good clean driving record, drive safely, and choose reliable cars not necessarily high priced sporty cars!