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All about Auto Insurance Renewal

The countdown for renewal date starts as soon as the policy takes effect. In terms of renewal period, auto insurance policies are available in two choices:

· Annual Policy: an auto insurance policy that is valid for one year.

· Semi-annual Policy: some policies are valid for only 6-moths period. For policyholders, 6-months provide the chance to improve DMV records and reduce the premium for the next renewal date.

Auto insurance companies have the obligation to notice policyholder about renewal information. They can send it via mail or email within 45 – 30 days in advance of renewal date. Unless policyholders want to make changes to the current policy, renewal process should be quick and easy. Nonetheless, it is best for policyholders to do their due diligence and check for errors or unexpected surcharge. Before the renewal takes place, please make time to:

· Review the policy: the best time to verify discounts or make changes to coverage is on renewal date. It becomes more important when policyholders have practiced safety guidelines from the insurer as a requirement for discount

Information about Classification of Vehicles Insured

Act Policy

An Act Policy covers all risks for which a policy is necessarily to be taken by the owner of a vehicle under the Motor Vehicles Act. According to this Act, a policy must be taken to cover any liability which may be incurred by the insured in respect of the death of or bodily injury to any person caused by or arising out of the use of the vehicle in a public place. The extent of the amount to which a policy should be taken is also specified in the Act. Again a policy of insurance is also necessary to cover any liability arising under the provisions of the Workmen’s Compensation Act 1923, in respect of the death of or bodily injury to any paid employee engaged in driving or otherwise in attendance on or being carried in a motor vehicle. All these provisions together with the exceptions are printed on the policy itself. It should be seen that insurance is compulsory as to personal injury only and not as to damage to property.


Tricks To Lower Auto Insurance

Raise Your Deductible

Instead of cutting your coverage, you can save money by increasing your deductible. This means that if you are in an accident, you will pay a higher amount out of pocket before the insurance coverage kicks in. Keep in mind that you shouldn’t raise your deductible so high that you can not pay it if an accident does happen. Most people can see a significant change in their premium amounts by raising their coverage amounts by several hundred dollars per year.

Ask About Discounts

You may be surprised to find how many discounts are available if you just ask! Many people don’t know this, and pay full price. For example, you may qualify for a decrease in your insurance based upon how much you drive your car, where you park the car at night, or even where you live! In some cases, having an alarm on your car can also earn you an insurance discount. For young drivers, taking a class on driver’s education or on the road training classes can also help to lower

Some Types of Insurance Settlements

Insurance Settlements

Just like all other cases, insurance claim settlements vary in outcome. There are a few considerations to be aware of before moving forward with an insurance auto accident claim. For example, if you sustained only minor to moderate injuries, and only require a few doctor visits and check-ups, then a simple insurance claim should cover your damages. Damages include hospital bills, medical expenses, medication, and property damage. With regards to property damage, most insurance companies will pay to cover repairs and paint; but in the case of high-end cars that are expensive to repair, you may not receive an offer from the insurance company to cover all the related and incurred expenses following your accident. If this happens, it might be in your best interest to pursue an out-of-court settlement with the help of a licensed attorney, or take your case to court. Insurance companies want to settle as soon as possible, but quick settlements can be a mistake. This is because once a person signs and accepts the offer, the case is immediately close and cannot be brought back up ever again. If more injury or costs come up after the settlement is closed,

Technology Makes Buying Insurance Convenient

Online Motor insurance provides a cover for cars, trucks, motorcycles, and other road vehicles. The policy also fulfills legal liability arising on injury or death of a third party or property damage caused due to an accident involving your vehicle. It protects your vehicle against financial losses arising from accidents, theft and other natural calamities like cyclone and earthquake. The surety of the vehicle being secure gives peace of mind to the car owner and he is able to focus on more important affairs of life.

Online motor insurance is an effective tool for vehicle owners to guard their asset against unforeseen risks. Vehicles these days are very expensive and they require servicing and maintenance on regular intervals. With an appropriate insurance cover, there is guarantee of your investment staying safe and secure. Motor insurance guards the vehicle against any financial loss resulting from an unforeseen event.

All the renowned names in the insurance industry these days issue digitally signed insurance policies to their customers. The customer is thus able to enjoy easy access to this document from his laptop, computer and even mobile phone. A photocopy of the digitally signed policy, wherever attached, is accepted

Tricks Pick Best Protection Service

Think carefully about your deductibles

If you drive cautiously and are not likely to have an accident, you might choose to pay a higher deductible and save money on your monthly premiums. On the other hand, if you must have your car for work and you can’t save up enough money to pay off a high deductible, you may be better off to pay higher premiums for a lower deductible. Think through the scenarios to make sure the insurance you are buying will work for your situation.

Decide what coverage you need

For example, will you need a rental car if you get into an accident or does your local body shop provide one free? Do you want comprehensive coverage for your older vehicle? Do you have significant assets to protect that require high liability limits?

If your auto insurance carrier is not lowering your rates after few years with them, you can force their hand by contacting them and telling them that you are thinking about moving elsewhere. You would be surprised at what the threat of losing a customer can do. The ball is in your court here; tell them you are

Research All Car Insurance

When you are looking to save money, you will need to consider finding a solid insurance plan that offers discounts. This is because in order to register your vehicle, you will need to have a minimum amount of liability coverage. The liability insurance is only one of three types of vehicle insurance that can be purchased. This insurance covers the other drivers when you are found at fault in an accident. With the insurance, you will have a deductible you will be required to pay. You can lower the deductible, but it will decrease the amount you are covered. This means the amount you will have to pay out of pocket will increase.

Where the problem comes in is people who think that they can get by with minimal coverage because they are a good driver. Unfortunately, accidents happen and limits can be breached quickly. This will leave you out more money than if you had just paid for the higher insurance coverage. So, the question becomes, how do you save money on insurance?

Shop Around

The first method in saving money on your auto insurance is by looking at several companies. There are companies

Car Breakdown Cover Policy

The levels of a car breakdown cover

Car breakdown cover providers look to insure their clients against all kinds of unanticipated situations that their car’s breakdown might put them into. This is why they usually have a team of experts on standby, ready for their customers’ rescue at all times. So even if their car has stopped in the middle of the road at 3 a.m. they need not worry – they are covered. Most breakdown insurance firms offer their clients different levels of covers that they can opt for, specifically the bigger names in the industry. These ‘levels’ are the packages that usually have the fancy names like ‘premium’ and ‘premium plus’ etc. As one goes further up these levels, the services available in the car breakdown cover will also rise (along with the prices, of course). The very basic level will probably only offer simple roadside assistance and towing the vehicle to the nearest garage. The next level may also offer ‘recovery’ to the preferred destination of the owner. The highest level in this insurance will include full-fledged European trip coverage along with a national cover option allowing recovery to the native country.


Car Insurance Areas of Coverage

Bodily Injury Liability: Minimum requirements for this type of coverage are generally listed at the lesser of $15,000 per person or $30,000 per accident. That is to say that the insurance company will cover this much of the medical expenses related to the accident. It is highly recommended that drivers consider more realistic policies providing the lesser of $100,000 per person or $300,000 per accident.

Property Damage Liability: Will cover the damage done to vehicles in an accident. As mentioned above, the minimum required is typically $5,000 per accident, but experts recommend a policy for $50,000-$75,000 per accident.

Collision Insurance will cover the damages done to your vehicle when it has collided with another car or stationary object. It is not generally required that a driver carry collision insurance, but a personal injury lawyer will highly recommend it. A car that is totaled in an accident can represent a loss of $2000-$70,000 dollars depending on the value of the vehicle. That is a lot to lose as compared to the relatively small expense of an insurance policy. In addition to coverage levels, one should consider the amount of deductible that can be afforded after an accident. Deductibles can range

Auto Mobility and Insurance

Real-time Information

Telematics can calculate every minute detail of the client’s driving style, including every hard brake, rapid acceleration, parking style, etc. Analytics will amalgamate, analyze and interpret this data, simplifying it to understand the driving patterns of the client and the risk(s) involved. This driving information will be shared with the insurance provider who can use the same to allocate the insurance premium amount for the respective client.

Vehicular insurance companies have realized the difference that real-time information makes in processing claims. With the ability to capture real-time data in the form of images, videos, driving information, etc., there will be adequate information to process a claim or to decide the insurance amount for a client. It will eliminate the possibility of modified data and increases the accuracy of information analyzed.

Time and Efficiency

Time is everything. Waiting for weeks for insurance agencies to process a claim can be painstaking. Insurance companies will soon provide every client a more personalized and expedited service. Mobile devices will enable evaluation of claims or consultation with clients in their comfort zone. In the case of an accident, real-time data can be captured in the form of

Auto Insurance Rates Can Climb

• Fiscal concerns

Do you experience coverage lapses due to non-payment? Is your credit score low? Both of these underscore a risk factor for the insurance company. A tendency to file any form of insurance claim also becomes a gauge for risks that the insurance companies are worried about. All of this leads to higher premium payments.

• Driving behavior

If you have been ticketed for any moving violations, speeding or reckless driving, you are a target for higher premiums. Similarly, those who file claims about serious collisions and drivers who put in above two thousand miles per month are subject to higher than average premiums.

• Additional drivers

The more drivers on your policy – particularly teenage drivers – the more you pay. Nonetheless, an independent agency will be able to find appropriate discounts for teenagers classified as ‘good students’ that you can use until your young drivers reach the age of twenty-five.

• Your place of residence

Like your homeowners coverage, auto insurance is dependent on where you reside. Due to greater risk exposure to high traffic, street conditions, climate, crime-rate and other issues, the cost of your premium

Points can Affect Auto Insurance Rates

The point system was established to create a safer environment and penalize high risk drivers who repeatedly break traffic laws. You almost will never lose your license from a single ticket unless it involves serious charges. However if you continue to defy the law of gravity in your vehicle and pretend the highway is a practice track for your imaginary Nascar team you will be left riding a bicycle to work one day.

Insurance points are different than DMV points. Points issued by the DMV go against your driving privileges whereas car insurance companies use a formula that include DMV points as just one part of the overall risk profile. For example when you file a claim or pay late your insurance score may drop in addition to the score change when points are earned from a traffic ticket. Of course, none of these items are good and your automobile insurance rates can change regardless if you have points on your driver’s license or not.

car insurance companies use an insurance score based on typical FICO credit based scoring to help predict loss. All car insurance companies have different and complex formulas for calculating your final

Must Go For Two Wheeler Insurance

Need of Insurance

It offers financial coverage for any type of damages or loss that occurs because of natural calamities such as fire, flood, etc.

  • Coverage against man-made calamities as well that includes theft or accident by external means etc.
  • The third party legal liability offers coverage against issues arising out of injury/death or property damage to the third party by your vehicle.

Before purchasing two wheeler insurance for your bike, scooty, scooter or any other two wheeler, it is essential to know the basic terminology of the same.


The premium you paid for insurance depends upon several factors such as city where the vehicle got registered, model, age of vehicle, year of manufacture, etc. Premium is decided and regulated by IRDA hence there is not much difference across several companies.


It is the financial protection that the insurer offers to you and your two wheeler against any damage and loss caused due to any natural and/or man made calamity. Coverage depends upon the insurer and the plan chosen. That’s why it is advisable to buy two wheeler insurance online after comparison.


While purchasing the best two wheeler insurance,

Some Stages of Car Insurance

The application stage. This is where you fill out an application to get car insurance. You will need the following documents to apply: a social security number, driver license number, knowledge of driving history, and credit information for all applicable drivers.

The approval stage. After submitting your application for insurance, an insurance provider will show you which plans are available, and for how much. Your annual premiums will be determined by a number of factors including,but not limited to, your age, location, gender, driving history, and marital status.

And finally, the maintenance stage. After being approved for insurance, this is the final stage. In this stage your goal is to keep your costs down by driving safely and reducing the risk you present. You should check with your provider for deals, or look around at competitor’s deals every three to six months. It is not hard to switch insurance providers, and it’s worth looking to find a company that keeps you happy.

You are currently in stage one, getting ready to apply. Everyone driving has been there. And if you just take the first step, either by calling a rep or using an online service, you will find

About Pick Up Truck Insurance

Insurance rates are constantly changing and this is especially true for trucks. However, we can get a rough idea of the average cost of insuring a late model truck looking at data across several brands, including Ford and Chevy models. Based on a policy that includes liability and also comprehensive coverage, the average cost of insuring a pick-up truck in the U.S. is going to be about $2,400 annually. This equates to $200 a month, which puts it above the mainline coverage average cost for sedans and other vehicle types. While this is not cheap, comprehensive coverage is often recommended for trucks as they are often exposed more to severe weather conditions and are very expensive to repair.

Although the high cost of insuring trucks can scare off potential buyers, there are some simple steps anyone can take to lower their premiums by quite a bit. The first thing that needs to be done is raising the deductible amount. Some people mistakenly believe that raising this will push their rates higher but the opposite is actually true. When a deductible is increased, the policyholder is assuming more financial responsibility for the cost of an accident after a

You must Beware of Driving While Uninsured

Always set money aside for your car insurance premiums. This is one of those payments you can’t afford to miss

Pay your premiums annually or bi-annually. By paying this way, you only have to remember to pay once or twice, as opposed to every month. Additionally, insurance companies usually give discounts to customers who pay yearly.

Have your payments taken automatically. Go with an auto insurance provider who has the option of automated billing.

Penalties for driving without insurance coverage vary from state to state. But no matter where you are, the price can be steep. Here are seven different things that can happen if you are caught driving with no auto insurance.

Your license can be suspended

The vehicle registration could be suspended

The car can be impounded.

If you hurt another person in an accident, you can be sued and are financially responsible.

You will have to pay fees to have your vehicle registration and license reinstated.

You could be required to meet to obtain SR-22 insurance, and it’s expensive!

Your car could be impounded by the police.

Auto Insurance Rate Hikes

The driving risks associated with a cell phone is only surpassed by the dangers of texting on a cell phone. It is for this very reason that parents should make sure to be true role models and never handle a cell phone while operating a car. Making it your business to set down firm guidelines will help your young driver avoid the crash course that unfortunately oftentimes leads to tragic irrevocable aftermaths.

1. Tell your youngster to set his or her phone on silent when driving. If the phone does not ring, hum, or vibrate, your teen will not be pulled to answer it when the sole attention should be directed to the road.

2. Instruct your youngster to let his friends and acquaintances in on his driving schedule. Everyone should be aware that there is to be no phone interruptions while he is in the car.

3. If the situation indeed calls for speaking on the cell phone, boundaries need to be enforced. Cell phone usage should be reserved only when your teen driver pulls off to a safe spot on the side of the road and stops.

Besides all that the driving

Reduce Bike Insurance Premium

Choose Your Bike Well

Yes, more exotic bikes or the ones with bigger engines definitely will cost more. Also, the unusual or modified bikes are considered to be more expensive when it comes to the repairs and replacement of their spare parts. So, it would be wiser to go for an entry-level motorcycle with a smaller engine. This would attract lower premiums accordingly.

Maintain A Clean Driving Record as A Rider

The insurance company may look at your record for any tickets or accidents. So, if you have more experience as a rider, the less risky you will seem in the eyes of the insurer. This will help you in fetching the best possible premium. Driving safely will help keep your claims low. Which correspondingly would add the benefit of No-claim Bonus to your premium.

Besides a clean driving record, the insurance company also looks at your riding time and experience. That is, how long have you been riding motorcycles and what experience do you have with a specific motorcycle to be insured. The more experienced you are as a driver, lower would be the risk and the cost of premium accordingly.


Some Consequences if Not Having Auto Insurance

License suspension

When you meet an accident with more than limited damages your license will get suspended for 30 days to six months based on damages you incur.


When a person is injured in the accident that you are responsible for, the other party will sue you for the damages. In such a case, you have to pay for the injuries or damages that happen to the people as well.

The damages may include property damages, medical bills, pain and sufferings, loss of wages, loss of enjoyment in life, etc.

Sometimes even small damages also cost you more ranging from ten to thousands of dollars. If you lose one of the lawsuits, the court will issue a judgment that may be executed against your bank account, your house, your wages, and sometimes even your personal property in the future.

Purchase auto insurance

Purchasing auto insurance helps in situations just stated. You will also get the benefits/protections like indemnification and defense. These two protections are very essential when you are enough unlucky to be faulted with in the event of an accident.


The insurer will pay for the

Car Insurance Jargon

Deductible- The deductible is the amount you pay out of your own pocket before insurance coverage kicks in. For example, before your insurance covers an accident you caused, you have to pay $500 up front.

Policy limit- This is the maximum amount that your insurance provider will pay. You will be financially responsible for any bodily injury or property damage above this limit, so lower or raise the limit to suit your needs.

Liability- Liability insurance is required in every state for drivers. The liability limit differs by state. Liability is insurance that pays for damage done when you are at fault in an accident.

Full coverage- Full coverage is a name for a combination of insurance policies. A “full coverage” plan will consist of liability insurance, comprehensive car insurance, and collision coverage.

Comprehensive-Comprehensive protects you from the financial losses of incidents that wouldn’t typically be your fault. Things like auto break-ins, bad weather, animal-involved accidents etc.

Collision Coverage-Collision insurance is a separate product that reimburses you for your losses even when you are at fault. Collision plans carry a separate deductible. Collision coverage cannot be purchased without comprehensive coverage, but comprehensive can