Archive for the ‘Auto Insurance’ Category
Article by Insurance Expert
An auto insurance specialist is not the same as a person who is selling life insurance. While the product is the same (insurance) there is a very different need for people who look for auto insurance.
Auto insurance is basically a term insurance. This means that there is no cash value for the insurance you buy and you have to renew every year with possible increase in the premium.
What makes auto insurance different from a normal term insurance is that it is possible to LOWER your premiums as years go by. This is the job of the auto insurance specialist as he has the industry knowledge and knows which insurance will bring in the best and most suitable rates for his clients.
Anyone who buys auto insurance will know that there are a few factors that determine the premium payable. In many cases, it is based on 3 main factors:
1) Type of vehicle insured
2) Driving experience
3) Accident records
The good news is that a good specialist will know how to advise his client in order to get a lowest premium.
For example, if the drive is new, it is advisable that the new driver get a cheaper or 2nd-hand car. This will reduce the premium of the insurance.
Similarly, if a person who has 5+ years of driving experience with zero accident records can get a really low premium, even if he get an expensive car. The reason is due to the proven track record of the driver.
In general, most insurance companies reward drivers with zero accident records and it can go as high as 30%-40% discount on the premium.
If you don’t know whether you have a good driving record, this is the job of the insurance specialist to check and give you the advice.
Purchasing auto insurance is a lot easier these days than it was in the past. In the past, one would have to make many phone calls, visit offices, and so on, in order to obtain auto insurance. With the technology we have now, no one needs to put themselves through the strenuous effort that they once needed to in order to obtain auto insurance. One can successfully purchase auto insurance all from the comfort of their computer.
Many people jump to the conclusion that everything online is a scam – even car insurance. This could not be farther from the truth. If you have any doubts regarding purchasing auto insurance online, continue reading and hopefully you will feel more and more comfortable with the idea.
The first step is to get a quote online, which is generally free. Auto Insure USA is a great, easy to use resource for receiving quotes.
You simply submit your zip code, and will then be provided with a list of companies in your area. You can then select which companies you would like to obtain a quote from, and go on to fill out the detailed forms they have provided (electronic forms). Be sure to enter accurate information, as the quote you receive will revolve around the information you fill in. If you provide inaccurate information, you will receive an inaccurate quote. At this stage, you do not need to submit personal information such as your drivers license, SSN (Social Security Number), and other information one may classify as personal. Quotes are generally fee, and you should not be asked to make any sort of payment. You have nothing to lose by filling out some free auto insurance quotes online. You can fill out quotes as many times as you need, in case you later need to change any information. Online quotes are great for those just browsing to get an idea about car insurance, or for those who are serious buyers.
Once you have received the quotes you request, you should compare all. You will likely have quotes from some big name companies including Progressive, All State, and so on. Big companies can be good in some cases, and bad in others. It is important to make sure you are not getting ripped off with a tremendous rate. On the other hand, do not go with the cheapest insurance possible. It is important to balance the two C’s – cost and coverage.
Once you have picked a company that you feel is best for you, you can obtain insurance right from the ease of your computer. Most websites will have a “Buy Now” option available, or some will have a phone number you can call to confirm the deal. Phoning may also be a good idea in case you have any last questions before going through with the company. If you choose to complete the entire process online, you will have to “sign” your signature electronically – do not be surprised, it is procedure (just like you would sign if you were face to face with the insurance agent). Throughout the final processes, there may be more personal information required of the insurance buyer – this is also normal. The insurance companies have made sure that your connection is protected – none of the information you enter online will be leaked. Everything you type is secured and completely private.
You have completed all of the steps required on your part. You must now wait to receive a response from the insurance company, stating whether you have been accepted or denied. You will be contacted very quickly by most companies (sometimes even on the same day you applied). Insurance companies do this so they do not lose any potential customers. If you are accept, you will usually be able to print out proof of insurance/purchase. If not, you will receive proof in the mail within a few business days.
Almost every single auto insurance company offers special discounts. Though, it is up to the buyer to ask about the different discounts offered. One of the most common discounts is the “good student discount”. If you are adding a teenager onto your policy, it is definitely a discount one should inquire about. Insurance for teens is very expensive, and a discount will be all the better. There are also some discounts for senior citizens, and also a discount for those who take a defensive driving course. All of these discounts can lead to potentially saving big money.