Archive for car insurance

Raising Cash to Buy a New Car

The biggest issue many face when buying a new car is having enough money for a downpayment. The more money you have to put down on a car, the better your financing options are. Raising cash may require a combination of saving and selling items in order to come up with enough dough to drive a car off the lot.

Saving Money to Buy

Ideally the time to save money is when you know your car is on its last legs. Don’t throw good money after bad, either. That is, don’t repair your car to the point it consumes every last dollar you have and then some of your credit card. Put in enough repairs to keep it going from point ‘A’ to ‘B’ and, according to Car Insurance, especially when the current car isn’t much longer for this world. Read More…

Why Car Insurance Has Become So Important These Days?

We often come across the car owners that unfortunately meet with accidents on the road or other types of damages to their vehicles on account of theft or other fraudulent activities by the unscrupulous persons, putting the former to great inconvenience and financial losses apart from health problems too in some cases. That’s where the car insurance companies help them greatly for which the owners have to shell out few dollars in the shape of insurance premium on the set schedules. Such negligible payments are advantageous by relieving the car owners from different worries in many ways. 


Psychological & monetary relief – The small payments in the form of the insurance charges paid on the set timings to the car insurance car companies give mental relief to the owners of the vehicles. They feel relaxed from the mental stress due to the possible accidents or other sorts of problems created by the miscreants who may either steal the cars or damage them causing financial loss and other complexities. Being prone to accidents, the car owners can possibly injure other persons or themselves get hit by other vehicles due to their own faults or of the other drivers. Car insurance companies take care of the owners by making the financial losses good through the compensation awarded to them or the other affected persons. The damage to the cars is also got repaired at the expenses of the insurance companies after being informed by the car owners. Thus, the latter remain at peace of mind after purchasing the car insurance cover that relieves them from all sorts of worries, e.g. ill effects of accidents in terms of money, losses due to damages or theft etc.   Read More…

Cheap Car Insurance for Bad Drivers

The drivers who find it incredibly difficult to find cheap car insurance are bad drivers. The bad drivers’ category usually comprises those people who have a less than stellar driving record, and some insurance companies will refuse to even consider insuring these drivers. But rest assured because it’s still possible for these drivers to find low insurance premiums.


What is a Bad Driver?

A bad driver, as viewed by the insurance firms, is a driver who has a history of traffic offenses and who has shown no signs of improvement in the past. In other words, they are basically like nuclear waste to insurance companies. A bad driver may have one of the following issues:

A number of unpaid traffic fines.

Has caused one or more serious accidents in the last few months.

Has had a history of fines from traffic violations; including parking and speeding tickets.

What Can a Bad Driver Do?

A bad driver has a number of options available to them, but the best options are just to lower the premiums by making changes to themselves and their driving habits. The following factors are major influences when it comes to the size of auto insurance premiums: 

Change the car.

Install security measures.

Take a course.

Compare and contrast

Change the Car

If a driver has a history of serious accidents and they choose to drive a $100,000 car then the chances of finding cheap auto insurance are slim to nothing. But if they decide to drive a car worth about $1,000 then the insurance company will consider providing a policy to be of a lesser risk to the insurance firm’s coffers. In response, they will certainly provide a policy with a lower premium.

Install Security Measures

Security measures are defined as devices and gadgets which improve the personal safety of the driver and reduce the chances of the car being stolen or damaged.

When it comes to the personal safety of the driver there are a number of common safety devices including: airbags, anti-lock brakes, and automatic seat belts. Remember, if a crash occurs and the driver is saved by an airbag then the insurance company won’t have to pay out as much in costs.

The safety of the car is all about simply protecting it from harm. This can be done by storing the car in a secure location like a garage or using curb scrapers to protect the paintwork of the car. A car alarm will also be a worthy addition to any car. 

Take a Course

One way of reducing the premiums is to communicate a message to the insurance firm that the driver in question is attempting to change their bad habits. This can be done by passing a safety course which will refresh all of the main driving techniques. And this is sure to reduce the premiums on any auto insurance policy.

Compare and Contrast

Even if all of the above measures are used, sometimes it’s just not possible to get the best price. But there is a way around this. If the price isn’t right then simply use another insurance company. Other insurance companies and their prices can be compared by using an online comparison site.

To use an online comparison site simply

1. Open up one’s internet browser and navigate to Google.

2. Perform a Google search to bring up a number of available comparison sites.

3. Follow the specific instructions for each individual comparison site, but remember to use multiple comparison sites because this way the individual can obtain the most accurate results.

Top five Car Covers

If you happen to be shopping around for quotes or researching policies in order to find the perfect car cover for your needs, you may be trying to narrow down the best of the best. There are several key components to seek out when looking into auto insurance. Some of these crucial elements include pricing and actual value.

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The Real Cost of Car Ownership: From Purchase Price to Insurance Premiums

New car sales have soared at the beginning of 2013, continuing a trend that was first established in the final financial quarter of 2012. The total volume rose by 5.9% along during March and has continued to soar since, and this reflects both a surge in consumer confidence and the dramatic rebirth of the automotive trade as a whole. While this undeniably positive news for the nation as a whole, however, the costs associated with procuring and owning a new car are considerably high and must be given careful consideration before any firm financial commitment is made.

Considering the True Cost of Car Ownership

With this in mind, what are the individual costs that determine your overall liability as a new car owner? Consider the following: -

  • Purchase: The first cost that you will need to consider is the purchase price of your chosen model, which will vary depending on the manufacturer in question and vehicle’s unique specification. While your first instinct may be to negotiate on the sale price, this is more difficult with new cars as their value is determined in line with the existing market. You will therefore need to compromise on your chosen vehicle, and consider the long term impact of monthly finance repayments. While even high ticket prices can be paid in monthly instalments over an agreed period of time, you will need to ensure that you have the capacity to meet this commitment without fail.
  • Insurance Premiums: Perhaps the most important cost associated with car ownership is related to insurance, as without viable coverage you are not permitted to drive on UK roads. You will usually pay your insurance premiums on an annual basis, but the cost can soar depending on your age, history and level of experience as a driver. There are several steps that you can take to minimize this cost, however, and shopping around to compare a comprehensive range of deals is an important stepping stone to achieving this goal. If you are a young or inexperienced motorist, then you may also wish to add another car owner to your claim, so long as they have a clean driving history and years of expertise behind them.

  • Maintenance: Maintenance is a cost consideration that can all too easily be avoided by motorists, under the mistaken belief that they can save money by ignoring minor faults or blemishes. This is a flawed strategy, however, primarily because ignoring damage in the short term can lead to more serious issues that require a significant amount to repair. By investing in a regular program of maintenance from the moment that you purchase your car, you can dramatically reduce the cost of long term vehicle ownership. In addition to this, you may also look to learn various car maintenance techniques, especially simply exercises such as changing tyres and replacing oil.

The Bottom Line for Consumers

Before you purchase a car, you will need to consider the true cost of ownership and your responsibility as a motorist. This will have a direct and positive influence on the decisions that you take as a driver, especially with regards to the amount that you spend on purchasing a new car, maintenance and your insurance coverage. This applies to both recreational and commercial drivers, so to find out more about your financial obligations as a motorist visit today.

What Really Determines the Type of Auto Insurance You Need?

There are hundreds of different insurance companies offering competing products for auto insurance. From the budget minded companies to the full personalized service policies that offer a local agent in every community, each policy has multiple options from basic collision coverage to add on riders that can offer anything from tire changes and jump starts to million dollar umbrella policies to protect the financial liabilities of businesses and the self-employed.

Appraising your Auto Insurance Options

With so many options, it is very difficult to actually compare policies sometimes. Simply taking the lowest price no longer works because of the many differences in coverage provided. The budget minded policies will tell you to look at bottom line price while the higher end policies will remind you that you can’t compare apples and oranges and to look at the protection levels and extras included. Neither are wrong or poor advice but that does not help the problem when choosing a policy.

So what can you do? The best way to start your insurance shopping is by reading the fine print of your auto loan. While it is not likely any company will sell you an insurance policy that does not meet the minimum limits for your state and location, since every bank and finance source has the option of adding stipulations for coverage levels as part of a loan it is not at all uncommon to purchase a policy and find finance source deems it unacceptable after the fact.

Understanding the Role of your Bank

It may seem unfair to hear that your bank can dictate what insurance you carry but remember your car is the collateral for the loan. It is in their best interest to make certain that your insurance is adequate to restore the vehicle to an acceptable following an accident or pay off the loan in the event of a total loss (at which point they actually have no collateral for the loan any more). Further, just like they run a credit report to ensure your ability to pay off the loan and assess the risk of the loan, they know if you are financially ruined by inadequate insurance following an accident that it is unlikely they will receive full repayment.

Coverage amounts such as property damage, medical limits, and total claim per incident (typically expressed in a format of ($50k/$100K/$300k) and maximum deductible amounts (while may allow a deductible of $1000, some restrict that to $500) are commonly spelled out in your finance agreement. Careful perusal of your finance contract will tell you if your lender has requirements so you know when shopping for insurance where to start and the minimum coverage to purchase. This will prevent changing policies only to get a letter or phone call a week or two later telling you to buy more insurance or pay off the loan in full.

Optimizing your Automotive Investment: How to Get the Most from your Car Financing Agreement

Car financing often represents an understated and sizable commitment, as consumers are forced to repay their burden through fixed monthly repayments. The minimal nature of these payment can distort the perception of your overall liability, which in turn could lead you to underestimate its importance or level of priority. When you consider that the total amount repayable is inclusive of an agreed interest rate and the secured nature of the loan, however, car financing is in fact a serious investment that must be safeguarded if it is to deliver tangible returns.

Optimizing your Automotive Investment: 3 Steps Towards a Brighter Financial Future

With this in mind, it is important that you take every conceivable opportunity to optimize your automotive investment. Consider the following: -

                  • Adopt a Proactive Approach to Car Maintenance: Your car financing agreement will be repaid over a fixed period of time, and it is imperative that your vehicle remains operational during this period. Failure to do this will mean that you are repaying your car long after it is forced off the road, so there is a pressing need to adopt a proactive approach to maintenance. While you can start by learning how to perform rudimentary tasks such as oil changing independently, you should also commit to funding regular inspections of your vehicles key components. While this may cost an initial sum of money, it will protect your investment and any future returns.

  • Stick Rigidly to the Terms of your Agreement: The total sum of your car financing agreement includes the value of the vehicle and fixed interest, but this can be significantly inflated by late or missed repayments. As additional charges are applied when you fail to adhere to the terms of your agreement, you will find that the value of your investment slowly diminishes while your overall liability soars. By striking an affordable deal that allows you to make comfortable monthly payments consistently, you will keeps costs to a minimum and help get the most from your original commitment.
                  • Prepare your Car for Resale: The key to optimizing any investment is to adopt a long term outlook, which in this instance means that you should give careful consideration to your cars resale value. While most models are destined to lose value over time, you can take steps to minimize these losses and achieve the best possible price when the time comes to sell. With this in mind, you should refrain from making bold alterations to your vehicles interior and ensure that any purchased accessories add genuine operational or artistic value. Without this consideration, you may ultimately trigger a decrease in value while also alienating potential buyers.

In Conclusion

While it easy to underestimate the magnitude of your car financing agreement, you should never lose sight of the fact that it represents a serious investment. There are therefore practical steps that can be taken to optimize your financial commitment, enabling you to maintain the performance of your car, reduce operational costs and boost its eventual resale value. On a final note, you should also consider using reputable insurance firms such Autoline to access innovative policies that help to reduce your financial burden.

Correct Tire Pressure Can Increase MPGs.Tires

The Most Dependable Cars 2012

How often do you think about your tires. For most people considering purchasing new tires is just about the only time that comes into the mind. Tires are not an inexpensive purchase for your vehicle. Not only did it cost money but they also ensure safety while driving. In addition to safety, correctly inflated tires can last longer and even improve MPGs.

You don’t need expensive equipment or an expert to check the air pressure in a tire. For starters you can look at your tires and if they appear flat it probably means they’re low on air. To check air pressure in the entire you’ll need a gauge. They can be found at gas stations and are located on the tire hose.

Check your owners manual to learn the recommended air pressure for your vehicle’s tires. Never go above or below the recommended levels. Staying at the high end of normal is safe and you may see you the best gas mileage there. If you really want to splurge then go to your local auto parts store and purchase a tire gauge for a few dollars. Check your tire pressure weekly and make sure everything is properly inflated. You cannot only save money on improving MPGs, but also you can make your tires last along time.

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