Auto Insurance is probably the World’s most common form of insurance and may cover both legal liability claims against the driver, and the loss of or damage to the insured’s vehicle itself. Throughout the United States, auto insurance is required to legally operate a motor vehicle on public roads. In some jurisdictions, bodily injury compensation for automobile accident victims has been changed to a no-fault system, which reduces or eliminates the ability to sue for compensation but provides automatic eligibility for benefits.
Credit card companies insure against damage on rental cars. Many types of car insurance include an aspect of liability coverage. For example, a homeowner’s insurance policy will normally include liability coverage which protects the insured in the event of a claim brought by someone who slips and falls on the property; automobile insurance also includes an aspect of liability insurance that indemnifies against the harm that a crashing car can cause to others’ lives, health, or property.
The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the policyholder and indemnification (payment on behalf of the insured) with respect to a settlement or court verdict. Liability policies typically cover only the negligence of the insured, and will not apply to results of wilful or intentional acts by the insured.
Being an informed shopper will make all the difference when you are looking for cheaper car insurance. Ask friends and family about their insurance carrier. You need to find out what company they use and if they like this company. If they do like their previous insurance company ask them to tell you why. Some people may like an insurance company because of reasons that would not even matter to you. Get several car insurance quotes. You can go to many different website that can give you quotes for your insurance coverage. Find out which insurance companies offer discounts for good drivers and good grades. A very important tip is to not take the first offer you get.
Make sure your top few choices for insurance companies have the same deducible. Once you find a company you like, check the companies reputation. Do they pay off their claims quickly? If you have any tickets or accidents on your driving record your premium will be higher. Make sure you have the insurance coverage that the law requires this is tip eight and is very important because it could affect tip seven if you get a ticket. If you do not want to be making payments on a “totaled” car, insure your vehicle for what it’s worth.
Always ask the agent to explain the insurance coverage “more simply”. Know what your deductible is and how much your premium payments are. If you do not make the necessary premium payments then the insurance will do you no good. You do not want to be in an accident only to discover that your insurance has been canceled.
Even though women are less likely to cause accidents, men still believe they are the safer and better drivers. Car insurance companies side with females, whose car insurance tends to be cheaper than male’s. One reason why women pay less for their car insurance is because female drivers are less likely to cause accidents, and the accidents they do cause are likely to be minor, as opposed to men, who are more likely to cause serious accidents and fatalities. Women are also a lot more likely to drive slower than males, which makes them a lesser risk for car insurance companies.
Women drivers’ mileage is lower than males’, she uses the car less and uses shorter journeys. Even though women’s car insurance is generally cheaper, there are things you can do to make the price drop even further. For new or younger women drivers, make sure that you choose a car that fits into a low insurance bracket.
Every car model is rated between one and twenty, one being the lowest, twenty being highest. By choosing a car which is in a lower bracket (and therefore not as powerful) you are likely to save money on your premium than if you were to try and insure a performance car, like a Ferrari. Car insurers recognise that women drivers over 50 will have more experience on the road.
Driving under the influence of alcohol is a serious crime under the driving law of the country. Severe punishments and strict regulations have been imposed on drunken drivers, in order to curb the rise in DUI cases. Where a person has been convicted under drunken driving laws of a state, he is subjected to prosecution and other restrictions. This involves suspension of driving license, serving a jail term, attending to certain DUI courses on hazardous drinking and driving, evidence of such offense retained in the driving record for certain amount of time.
An auto insurance claims begins at the location of the car accident. Follow these steps:
- Call for the police when an accident happens.
- Exchange your vehicle registration, driver’s license, proof of auto insurance, and other information with the other driver (if he’s not still pinned in his car). Added information could prove helpful to your automobile insurance claim. This information would be such things as the other driver’s license plate number, insurance company and things that were said.
- Make an accident report before you file your auto insurance claim.
Back to the top of Auto Insurance.