Thursday, May 11, 2006

10 Ways To Lower Your Auto Insurance

By Pete Lance

Nowadays, auto insurance is really expensive. A typical insurance policy can cost a few hundred dollars to a few thousand dollars a year. And the insurance rates you pay are hugely dependent on the insurance company or agent, your age, your car type, your driving record, and even the area you reside in!

You should never go without auto insurance though, despite the costs. Almost all the states require you to protect yourself with a minimum amount of liability coverage. Naturally, the bare minimum is not adequate enough for the average car owner. And as you add in additional coverage for your car, you realize that you will be paying a fairly large sum annually.

So, understanding auto insurance can actually help you to decide on a suitable insurance policy that won't vacuum clean your wallet! Here, we have gathered 10 of the best tips for lowering your auto insurance.

Always compare insurance policies. There are states which regulate auto insurance rates, but the insurance premiums can vary by hundreds of dollars for the exact same coverage. It is definitely worthwhile to shop around. The first thing you can do is to check with your state insurance department. They often provide information about the coverage you need, as well as sample rates from the biggest companies. You can also ask your friends or look up the yellow pages. Checking consumer guides and asking insurance agents can pay off as well. You can easily find out the price range for your insurance policy, as well as discover the lowest prices in town.

However, you should not be shopping based on price along. The insurance company should provide good service at the best price. Excellent personal service is available as well, and they provide added conveniences, although they cost a fair bit more. Ask the company how you can lower your costs, and also check their financial ratings. The rule of thumb is always to get three price quotes from three different companies, and pick the one with the best value.

It can also be a good idea to increase your deductibles. When you file a claim, the deductible is the amount you pay before the insurance company pays for the rest of the damage. A higher deductible on collision and comprehensive coverage can lead to a much lower premium. For example, increasing your deductible from $200 to $400 can reduce your premiums by up to 25àHowever, you must ensure that you have the financial resources to handle the largest deductible when the time comes.

Remove certain types of coverage from your policy. Almost all the states require liability coverage for your car, but the rest of the coverage is probably dispensable. However, you do not want to be underinsured if you're in an accident, so it isn't advisable to remove all of your additional coverage. Optional coverage includes medical payments, uninsured motorist, collision, and comprehensive coverage.

Drop collision and comprehensive coverage for older cars. If you drive an older car that's worth less than $2,000, it's probably more cost-effective to drop collision and comprehensive coverage since you'll probably pay more for the coverage than you'll collect for a claim. You can find out the worth of your car by asking auto dealers and banks.

Make sure your credit report looks good. Car insurance companies often look at your credit history as there is a correlation between the risk to the company and your credit history. If you pay your bills on time and maintain a good credit history, you can enjoy lower insurance rates.

Drive less. Insurance companies often offer low-mileage discounts to motorists who drive less than a predetermined number of miles each year. You can use public transportation more often, car-pool with friends, and take the train or a plane instead of driving to another state. And you'll save on more than your coverage as you'll need to spend less on gasoline (of which prices are incredibly high).

Maintain a clean driving record. The company will give you a price break and you can save on your insurance policy after a specified period of a clean driving record. This means that you have no accidents, no serious driving violations etc, during this period of time. The simplest and surefire way to qualify for this discount is to drive carefully and defensively all the time.

Choose a low-profile car. Insurance rates vary among difference models of vehicles. Generally, sports cars and high-performance cars tend to cost more to insure, mainly because they represent more risk of theft and the drivers are often the people who drive more recklessly. Newer cars will cost more to repair or replace than older ones, so naturally they can more to insure. Low-risk vehicles include station wagons and sedans.

Ask about safety and security discounts. The insurance companies sometimes offer discounts on your insurance if your car is equipped with the following: anti-lock brakes, air bags, automatic seat belts, car alarms, tracking systems. These reduce the injury risk to you, as well as the chances of your car being vandalized or stolen.

Finally, ask about other discounts. You may receive a discount if you buy more than one type of insurance from the same company or if you insure multiple cars under the same policy or company. You may also receive discounts for taking a defensive driving course, staying with the same company for a few years, being a driver over 50, good-student discounts, and being an AAA member. If you already have adequate health insurance, you can also eliminate paying for duplicate medical coverage, thus lowering your personal injury protection costs by a substantial amount.

About the author:
Pete Lance is the founder of http://www.USGasTracker.org, a premier company which helps the consumer save money on gasoline. Thousands of gas stations across the nation are tracked daily to guarantee the lowest prices on gasoline anywhere in the United States.Free daily email with locations and prices.


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5 Considerations To Computing Your Car Insurance Premiums

by Justin Koh


Have you ever wonder why car insurance costs vary from one car insurance company to the other? This is due to the different type of computation factors that car insurance companies use to derive the car insurance cost. Based on the answers that you replied to the car insurance company, they will add or discount the cost before arriving at a final price for your car insurance. Thus, it is important for you to shop around first before you commit yourself to a particular car insurance company as different companies take a different view of the various high risk factors. We will look at some of the factors that car insurance companies take into considerations.


1. Having a clean driving record.
Without a doubt, car insurance cost would increase if you have been convicted of a driving conviction. Thus, it pays to be a safe driver so that unnecessary costs won't be incurred.


2. Adding additional drivers to the policy
By adding additional drivers to the policy, extra premiums will be added. Thus, do not add in drivers into the policy just because you think that this person might be using the car in the future. Consider carefully whether it is necessary to add this person into the policy.


3. The age and gender of the driver
If the driver is under the age of 25 the rate will mostly likely be fairly high. This is due to the lack of driving experience. Usually, you will need to have over three years driving to be quoted a lower rate. Also, a single male driver rates higher than a single female. This is because males are rated as a higher risk to car insurance companies.


4. Your credit report history.
Most car insurance companies take into account of your credit history. Paying your bills on time and maintaining a good credit history will allow you to enjoy lower car insurance cost.


5. Anti-theft alarm
Fix up an electronic central locking and alarm on your car. Discount could be given by insurance companies when you have anti-theft devices install in your car.




About the author:
Justin Koh is the original contributor of this article for http://www.carinsurancecentral.info


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Wednesday, May 03, 2006

10 Tips For Saving Cash On Your Gas

By Pete Lance

Gas prices are getting more and more ridiculous. And it’s going to keep increasing with no limit in sight! For the new car owners out there, do you know that a gallon of unleaded gasoline used to cost only $1.25?

Therefore, it is becoming more and more important to maximize your money and save at the gas station.

So here we have compiled 10 best tips to help you get the most out of your dollar!

Tip 1: Shop Around
This is the advice that you can apply anytime you buy anything. Always shop around. You can get a cheaper price for your favorite brand, and probably a yet cheaper price for a different brand.

Tip 2: Use a Gasoline Credit Card
Gasoline credit cards are great! They can save you 5 to 10% of your gasoline purchase.

Tip 3: Buy Gasoline When the Weather is Cool
Gasoline is denser in cooler temperatures, such as in the morning or at night. Gas stations measure volume, not density, so you'll be getting more solid fuel than vapors, thus improving your overall gas mileage.

Tip 4: Avoid Gas Stations That Just Refilled Their Tanks
When underground tanks are refilled, particles at the bottom of the tank get stirred up, and when these particles get into your gasoline tank, they affect the fuel efficiency of your car.

Tip 5: Don’t Top Off
The gas pump needs time to draw out the full amount of gas, so When you purchase a bit of gas the station, you get short bursts of fuel that you'll probably pay extra for. You should refill your tank when you have less than half a talk left or when you find a price that is so low you cannot afford to miss it.

Tip 6: Don’t Use High Octane Gas
Most cars nowadays are built to run on regular unleaded gas. Purchasing higher octane gas is simply a waste of money. Octane measures how hard it is to ignite gas, not the quality of the gas, so getting higher octane gas will not improve fuel efficiency. You should only get these more expensive gases when your engine pings, knocks or rattles.

Tip 7: Pump Your Own Gas
It's cheaper to pump your own gas at the self-serve stations rather than using the full-serve pumps. Full-serve gasoline naturally costs more.

Tip 8: Lessen the Use of Air-Conditioning
This tip is simple enough. Air-conditioning uses electricity, and they can reduce fuel economy by up to 20àIt's advisable to use the air ventilation system instead.

Tip 9: Plan Your Trip
You can avoid unnecessary driving by planning your trip before hand, and of course that saves you money on gas consumption.

Tip 10: Purchase Vehicles That Get Good Mileage
This is probably one of the best tips anybody can give on saving money at the gas pump. It's always better to purchase vehicles that get good gas mileage. Check with your car dealer about cars that have better fuel economy.

About the author:
Pete Lance is the founder of http://www.USGasTracker.org,a premier company which helps the consumer save money on gasoline. Thousands of gas stations across the nation are tracked daily to guarantee the lowest prices on gasoline anywhere in the United States. Sign up for a free daily email with the lowest gas prices for your zip code. http://www.usgastracker.org


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