Archive for September, 2012

Improve your car security against theft and get auto insurance discounts

Auto insurance quotes are affected by a huge number of different variables that help the insurers determine the risk of insuring a particular car. All cars are different in terms of safety and security, and very different people drive these cars in different parts of the country. These things are all taken into consideration when calculating auto insurance quotes, and sometimes you can even leave a variable unnoticed but it will still have a huge impact on your insurance costs. Such is the situation with car safety and theft risk, which many people tend to forget about. Whether it is likely for your car being stolen or not, this will have a huge weight in your rates, and you have to know how this risk is determined and how you can manage it effectively.

First of all, it is important to understand why car theft is such a big problem. Well, it’s pretty obvious that having your car stolen is one of the worse things that can happen to you in terms of transportation, and the insurance company isn’t happy either because they will have to reimburse the value of the car (if you have fully comprehensive coverage that is). Thus, if there’s a particular area that is known for high theft rates or your car makes part of the list of the most stolen vehicles, then you’ll automatically get higher auto insurance rates because of the increased risk. Besides, if your car doesn’t have any security features that could prevent theft it is also considered as vulnerable and your premiums will be higher.

When you understand how theft risk affects auto insurance quotes, it is important to understand how you can manage this risk in order to get lower rates.

It is not that complicated as you may imagine. Sure, moving to an area with lower crime rates or buying a car that is not stolen that often is a solution, but it’s a radical one, which not everyone can afford. A much simpler and cheaper solution is improving the security of your vehicle. There are many devices that are used to protect your car from theft and burglary, including alarm systems, digital locks, engine and transmission blockers and other features. Each of these, when installed into your car, will make it harder to steal your car, thus the risk of theft is reduced. The more features of this kind you introduce to the vehicle, the lower is the risk, and the lower premiums you’ll get from your provider. Just make sure to check with your insurer every time when you make an improvement in order to document it properly and get the auto insurance discount you deserve. As you can see, there’s nothing really complicated about vehicle security.

Home insurance and women insuring their personal jewelry

It doesn’t matter who you are nor how careful you claim to be, everyone can lose things they value. Sometimes it will be to gravity as something falls through a drain and is swept away. Sometimes a thief will carry it away. No matter what the cause, you end up the poorer. Worse, of course, if the thing you lose was valuable in emotional terms. Now replacing the thing will not be satisfying. A recent survey of married women found about half the respondents had lost personal jewelry. If you take each item in physical terms, the individual losses were less than $5,000 per item, but the loss in emotional was incalculable. How do you put a monetary value on the distress when you lose the last item that belonged to your mother? Interestingly, just over 65% of the respondents discovered their insurance policy did not cover the loss and could not even replace the physical object with something similar. This emphasizes the need to ensure you have adequate insurance for your personal jewelry.

You need to start with home insurance coverage for both repair and replacement. A precious object that is merely damaged is just as distressing as one that disappears in mysterious circumstances. This leads to the difficult question of valuation. The paper value may not be the same as the emotional value but insurance companies only accept the value of the physical object. In the case of jewelry, this will be the value of any precious metal used in its manufacture plus an additional sum to cover artistic worth. If individual items are objectively valuable, make a separate list and submit it to your insurer with photographs. It may be necessary to pay for a formal appraisal if the cumulative value of all the items is high or individual items are more valuable. In such cases, the appraisal may need to be adjusted every year to reflect changes in the international prices of gold, silver, etc. with each new value written as a rider to your home insurance policy. Ultimately, it comes down to the amount of cover you’re prepared to pay for to feel protected.

Options for high-risk drivers to get adequate insurance coverage

If you are reading this post, you must have been designated a high-risk driver due to this or that factor. You may have too many tickets or been caught driving without insurance. Drivers with DUIs/DWIs are labeled as high-risk by insurance companies. Being a new and young driver can place you in this category. Having this label makes it challenging to find cheap auto insurance. but all it takes a bit of knowledge about the insurance industry and a great quote comparison site. You can actually find a good policy without ever leaving your home.

Shop online, find a company targeting high-risk drivers

Comparison shopping is the fastest way for high-risk drivers to find affordable auto insurance coverage . You should know if you are considered a high-risk driver before requesting quotes. Online quote comparison sites can quickly provide you with competitive offers from reputable insurance providers in your area. There are insurance companies that specifically target high-risk drivers. If you select a quote from a lesser known insurance company, take the time to review the company’s ratings so you are confident you are getting a policy from a reliable provider.

Improve your driving record

There are actions you can take to minimize your perceived future risk to insurance companies. Begin by working to improve your driving record. Avoid further tickets and driving violations. It can take as long as three years to clear your record of certain black marks. Taking a remedial driver education class can help you get lower rates. Spending less time on the road can significantly lower your risk level. Even improving your credit score makes you a better candidate for cheap auto insurance.

Check SR-22 Insurance requirements

If you are labeled a high-risk driver, you must meet SR-22 insurance requirements. This is simply verification submitted to your state’s motor vehicle department confirming your compliance with legal requirements for having insurance. Not all insurance companies provide this service so you may have to find one that has been approved by your state to offer SR-22. Never permit your insurance coverage to lapse. If for any reason this occurs, your insurance company is required by law to report such to the state. It is your responsibility to notify the state if you switch providers or get a new policy. Now you see getting cheap auto insurance is possible even for drivers designated high-risk ones.