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How To Shop For The Best Auto Insurance

How To Shop For The Best Auto Insurance

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Published by dani8993
Best auto insurance rate. Why you should make auto insurance comparisons. Tips for a cheaper car insurance.
Best auto insurance rate. Why you should make auto insurance comparisons. Tips for a cheaper car insurance.

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Published by: dani8993 on Jan 15, 2012
Copyright:Attribution Non-commercial


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 ==== ====Find Affordable Auto Insurance. 5 Minutes Could Save You Up To $400! Compare Car InsuranceRates For Free Right Now.http://ebsu.net/SaveOnCarInsurance ==== ====Are You Looking For The Best Auto Insurance Rates? If your car insurance is about to expire soon, chances are, you will be sent a renewal notice. Mostpeople will just renew their car insurance with their current auto insurance supplier simply forconvenience. However, they do not realize that when they do this, they are missing a great opportunity to slashtheir car auto insurance by as much as 40%... More about how to take advantage of this greatopportunity later. When it comes to buying car insurance, there are several important factors to consider: First, it is important to understand more about the different variables that affect the price of a carinsurance premium. Basically, these are variables that contribute to the risk factor of a carinsurance contract. The higher the risk factor, the higher the premiums that a driver will have topay. Car insurance suppliers are always trying to find the right balance between risk and price. Forinstance, a car insurance supplier may decide to alter the definition of car insurance coverage sothat they can keep the premiums low. So the driver may be getting a lower priced auto insurancecontract, at the expense of coverage. That essentially means that the driver is actually bearingpart of the risk, by not taking on a car insurance contract that provides full and comprehensivecoverage.  But why would any want to do that? Many drivers assume (wrongly) that accidents only happen to other people. This false assumptionusually land people in financial troubles in the event of an accident. And then there are somepeople who simply can not be bothered to examine the coverage definitions on an insurancecontract. Perhaps they are so excited about a new car purchase that they forget all about the importance ofan insurance contract. Usually, young drivers, or drivers who are impatient, are more prone to thismistake which may eventually turn out to be costly. This report examines the risks that car insurance suppliers commonly take into consideration, andthe variables that affect the price of a car insurance contract. One of such variables discussed, willbe the coverage definitions. Towards the end of the report, you will find valuable recommendationson how to slash your car insurance cost by as much as 40%. 
  Statistics of Car Accidents in the US A very common problem associated with all types of insurance, is that people sometimes do notbelieve that bad things can happen to them. Nobody likes to discuss anything bad happening, so there is a tendency not to give issues likeroad accidents much consideration especially when one is excited about driving that newcar. However, it is usually when someone is over excited about something that they commit gravemistakes such as taking out a car insurance policy simply based on price alone. Let us take a lookat some road accidents statistics. o Every year, there are over two and a half million casualties caused by road accidents inthe United States. o Of these, over 40,000 are fatalities, and close to 2 million people are seriously injured. Remember, these accidents happen every single year in the United States alone. There are many factors affecting the rate of accidents. Most of these factors are related to thedriver, but the type and model of a car also affect accident rates. Cars are often privately tested incontrolled environments for safety. Relevant authorities may reveal various safety statistics based on their findings. These are helpfulto a certain extent. But remember that the road conditions in the real world are often very differentfrom the conditions in a controlled lab environment. So expect some variance in the statistics. In general - smaller, lightly built car occupants have a 6% to 8% chance of death in a twocar accident. Cars that are built for safety, such as the Volvos, halve that chance. These cars are usually morerobust, and have more safety features. They are also heavier, and tend to consume more fuel. The safest cars on the road so far are the Mercedes Benz S-Class, Jaguar XJ Series, and thesport utility vehicles (SUVs). Road accidents also happen due to driver impairment. For some reason, the driver fails to assessand respond to the situation correctly, thus causing an accident. These reasons include pooreyesight, fatigue, excessive alcohol, or consumption of drugs.   What Influences The Best Auto Insurance Rates? As you can see, the make and model of the car, and the driver are key contributing elements to
the risk factor. So car insurance suppliers are inclined to pay more attention to these two keyelements while issuing quotes for car insurance contracts. Usually, car insurance suppliers assign classifications according to the make and model of the car.But bear in mind that although some luxury cars like the Mercedes Benz have lower accidentincidence rate, that doesn't mean the insurance comes cheaper. That is because these cars cost alot more money, and if there is a claim submitted, the car insurance company may have to pay outa substantial amount of money to settle the claim. So the value of the car is also taken intoconsideration. For car insurance providers, the driver's profile is perhaps the most important factor of all. Theonly way to obtain an accurate prediction of a driver's rate of accident is to look at previous drivingrecords. So a driver's personal driving history is important as well. A car insurance premium willcost more if a driver has previous records of drunk driving or speeding offences. In addition, the driver's age is also taken into consideration. The age of a driver is also classifiedunder different age groups. Younger drivers, usually between the ages of 21 to 25 tend to be moreinexperienced. As a result, car insurance suppliers need to charge a higher premium for this agegroup. Common Car Insurance Coverage Definitions When examining any car insurance coverage definitions, you have to look out for three things: 1. Who is covered?2. What does it cover?3. What is the deductible and amount of coverage? There are three common types of insurance coverage definitions: 1. Liability Coverage This type of coverage covers other people's bodily injury or death. In the event of a third partyfiling a legal lawsuit against you, liability coverage also provides some form of legal defense. If youfind yourself without liability coverage in the event of a serious lawsuit, you may find yourselflosing your assets. Having enough insurance will help cover for legal expenses and help safeguard your personal assets. This is an important form of coverage because there is no limit to the amount of liability that maybe incurred from road accidents. Legal and medical claims can certainly sky rocket to astronomicalamounts if the accidents are severe. 2. Physical Damage Coverage This type of coverage covers you car, or a third party's car, in the event of an accident. Acomprehensive insurance contract covers damage to your car if it's stolen, damaged by badweather or even animals. Such definitions will be included in your car insurance contract. 

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