The Car Insurance Blog

This is where the auto insurance comes into the picture. A car insurance may be of help to pay for those damages to the car, or caused by the car. It is a protection by paying whatever costs you need to pay because of the accident that happened. The car owner will be protected depending on the type of car insurance that the he/she has purchased. However, thorough understanding of some policies is needed because not all accidents are covered by certain type of coverages offered by the car insurance company. Auto insurance companies have their own terms and conditions and may not pay for your losses if it is not covered by the type of insurance that you have purchased.

Most accidents are caused by vehicular accidents that occur in the roads. Driving may not be the safest thing to do knowing that we are not perfect and are prone to making mistakes thus leading to car accidents. Since cars move on fast speeds, there is a great chance of inflicting damage due to car accidents.

Accidents may cost you great in your budget. Replacing damaged parts, or having your car repaired will surely burn a hole in your pocket. Sometimes, the accident can be so great that you will surely need to replace your beloved car. Harsh and hurtful as it may seem, this is the reality.

(to be continued)

KNOW YOUR VEHICLE: If you lose your car into the event of an accident, can you afford to replace it? If you can’t, it is advisable for you to purchase a comprehensive and collision type of insurance.

KNOW ABOUT YOUR OTHER INSURANCE: Most people don’t know that other insurances like health insurance and hoe insurance may pay for the damages caused by an auto accident. By having other insurance, you may need not to purchase insurance like PIP (Personal Injury Protection). Make sure that you are fully aware of the insurance that you have so you will not purchase unnecessary insurances that will only increase your expenses.

• MEDICAL COVERAGE: It will pay for the medical expenses that is caused by the accident, without regards to whose fault it was.
• PIP: or Personal Injury Protection. This coverage will pay for the medical expenses and treatment of the insured driver regardless of whose fault the accident was

.

• UNINSURED MOTORIST: This will pay for the damages to the vehicle when the accident was caused by a driver who didn’t purchase a liability insurance.
• UNDERINSURED MOTORIST: This coverage will pay for the damages inflicted to the vehicle due to an accident who is caused by someone who has an insufficient liability insurance.

In order to fully understand your car insurance needs, you need to consider these tips:

KNOW YOUR OPTIONS: There are a lot of different types of coverage that car insurance companies offer. Knowing what you will mostly need is an important factor in determining what kind of insurance you will purchase.

HOW MUCH MONEY YOU WANT TO SPEND: You should always consider your assets and how much you are willing to spend in the event of an accident. By insuring your car, it will be better if the insurance company will take into responsibility,than for you to be personally responsible if you get into an accident.

Is this the first that you have earned a car? Ever heard of the term car insurance?
There are different parts in auto insurance policies and you should have an idea on how to purchase the best coverage for your car.

There are factors to be considered in buying insurance for your car. Some of the factors to be regarded are the model of the vehicle that you have, your driving record and how much you are willing to pay for the insurance.

There are different typesof coverage that most car insurance companies offer to their customers who love their cars. Understanding them would be a way for you to have and idea of what kind of insurance you want to purchase.

FALSE! You have the responsibility for your car and even though you were not present during the accident, you will still receive a mark on your insurance record.

6. No-fault insurance means, it’s not my fault!
No. No-fault insurance means that your insurance company will pay for the damages regardless of who’s fault it was.

7. Even without comprehensive coverage, I’m still covered for theft, windstorms, hail and deer accidents.
This is not true.. Car owners only purchase collision insurance believing that they will also be covered for incidents like vandalism, hail, animal accidents and fire accidents. This is certainly not true.

(to be continued)

False. Your credit score will be a basis for the insurance company to decide whether to increase or renew your auto insurance coverage.

4. Males under the age of 25 pay more for auto insurance
This can be both true and false. Male under the age of 25 could pay more than female drivers of this age. But sometimes, teenagers and people who are older tend to pay more because this is the age group who are more involved in accidents.

5. I lent my car to a friend and he met and accident. His or her car insurance company will pay for the damages right?

(to be continued)

1st for Women began as a part of an International Group of Companies in the early 80s and has now developed into one of the major providers of personal lines insurance. They offer insurances which are specifically patterned according to women’s needs. They also have a unique and innovative insurance program which emphasizes the condition of women drivers. In South Africa, 1st for Women is the largest direct personal car insurance. The company’s growth is soaring that they have expanded their operations to Australia, not to mention the United Kingdom. The Auto & General Insurance Company Ltd. is authorized by the Australian Prudential Regulatory Authority to have insurance business in Australia. The policies of 1st for Women are underwritten by the said company.

Your vehicle is one of the most important and expensive investment you will make in your life. In order to get the best protection for your investment in case of accidents and to make sure that you are financial secured against unforeseen liabilities, here are some Car Insurance Basics to help you the best coverage for your money:
1.Compare not only the prices but the company as well � this is probably the first and most important step of all. Remember, you have to know how dependable the insurance provider is, after all, they will be providing your protection. Make a smart decision not only based on prices but also how effective the company is when it comes to enforcing its policies.
2.What is the real market value of your car � usually, claims are paid based on the actual value of the vehicle. If you own an older car, it may be wiser to get a new car than spend more on premium payments for your depreciated car.
3.Deductibles matter � for example, if you raise deductible from $200 to $500, the cost of premium for Collision and Comprehensive will go down about 15% to 30%.
4.Examine your coverage – sometimes we tend to over compensate and get additional coverage that we really do not need. Premiums are based on what your policy covers so it is not wise to have reimbursement for rentals when you do not rent a car that often.
5.Always keep your coverage updated - always updated your provider with anything that is happening in relation with your car. It may help you to get a lower risk classification on your renewal.