Keith Baxter : What do you excatly mean when you say apples to apples when you compare auto insurance quotes or review car insurance coverage. Is it not that we need to get only the low auto insurance rate? Why should you bother with anything else.

Compare auto insurance , review car insurance for getting optimum coverage and low auto insurance rates

Response : Keith unfortunately, most of us tend to forget the main purpose of auto insurance which is to have the car insurance coverage so that we are covered for an unfortunate incident which can cause a major loss. We forget this main objective and wholeheartedly focus on getting low auto insurance rates – even $1/- difference seems right. We rush to a site which gives us $457/- less on our auto insurance, but does not pick up our exposures!!!

Anyway let me elobrate what we mean by apples to apples – this termilogy applies both to us looking to compare auto insurance quotes or review car insurance for low auto insurance rates and also the underwriters of the insurance company who are having a auto insurance rating matirx. As an applicant when we are comparing auto insurance qutoes online, we need to compare the same coverage and same limits for each web-site or insurance company that we attempt the car insurance quotes.

On the other hand the underwriter of the insurance company must also classify us in the right category for rating when they are giving the auto insurance rates.

Hopefully this will help you.

Thanks.
Kamlesh

Dori Friend: Will the big oil spill affect auto insurance rates or how to compare auto insurance quotes? This question is asked since ultimately the insurance companies will have to bear some loss in this. Would we have to review car insurance coverage to get low auto insurance rates.

Auto Insurance : Compare auto insurance quotes, review car insurance to get low auto insurance rates.

Response : Dori, a good question but I know some readers will think this is not appropriate, since what connection would be there between the oil spill and the auto insurance rates or how to compare auto insurance quotes.

Being in the insurance field for a long time, I agree with part of your apprehension, because insurance is related to all walks of life. The past few years have been tough for the insurance companies and this definetly affects the insurance market.

The Mexico oil spill has been one of the biggest so far and the liability claim for this is already estimated at 400+ million dollars and there is already a talk in the insurance circles that we are heading towards a hard insurance market. However with the present economic scenerio this might not be the case.

Yes, once it becomes a hard market there will be changes in the auto insurance ratings and the number of players would also be reduced. This would mean that the consumers will have to compare auto insurance quotes online and offline to get the best quotes and reveiw car insruance coverage if they want to save and get low auto insurance rates.

Ebene Kagan : Does an auto insurance claim affect my auto insurance premium since when I did compare auto insurnace quotes my auto insurance quote was higher?
I live in New York city.

Compare auto insurance quotes or review car insurance if invloved in auto accident.

Response : Auto accidents are unfortunate events and this is the main reason why one goes for an auto insurance policy. It is a fact that in case you are involved in an auto accident and the accident falls within the perview of the insurance company they would settle your claim and reimburse you. In cases where someone is hurt or a fatal accident the financial loss can be much higher for the insurance company.

Insurance companies have their own underwriting guidelines which they follow, however the reality is that if you are involved in an auto accident the insurance premium would increase in the subsequent year on account of the claim. The quantum of increase in the auto insurance premium is not directly proportionate to the claim paid, however there is an increase in the premium.

Now as per the recent news in New York and Florida the number of staged claims are on the rise and those staging the claims involve incoent drivers in tha accidents.

Suspicious insurance claims from staged accidents are on the rise— and nowhere more than in New York and Florida, two states with no-fault statutes.

Overall, the number of questionable claims from staged accidents increased by 46.3 percent from 2007 to 2009, according to the National Insurance Crime Bureau (NICB)

Additionally, the ratio of staged accident claims to overall bodily injury (BI) and personal injury protection (PIP) claims has increased over this period while the total number of BI and PIP claims has declined.

You will be suprised to know that Florida and New York are ranked first and second, respectively, in the top 10 loss states and five of the top 10 loss cities.

The top five states that generated the most staged accident questionable claims are: (1) Florida, 3,006; (2) New York, 1,680; (3) California, 1,619; (4) Texas, 792; and (5) Illinois, 433.

The five cities that generated the most staged accident questionable claims are: (1) New York City, 1,304; (2) Tampa, 562; (3) Miami, 511; (4) Orlando, 422; and (5) Houston, 376.

Staged accidents target innocent drivers with schemes aimed at defrauding the insurance company. This would mean that you need to be more aware on the road when you are driving. Avoid tailgating at all cost and also note down all the details of the oppoiste driver and details of the claim in case you get involved in an auto insurance accident. Unfortunately, there is nothing which can be given to distingush between a genuine claim and a fraud and hence you need to be careful.

It would be best to compare auto insurance quotes online here or at any other web-site of your choice review car insurance coverage to get low auto insurance rates.

Thanks.
Kamlesh

Susan Boyle :Is it advisable to compare auto insurance quotes or review car insurance after an accident to get low auto insurance quotes in the future? Will the other insurance company know of the auto accident from my present insurance company?

Compare auto insurance quotes or review car insurance after an auto accident.

Response : Honestly, it is advisable to compare auto insurance quotes or review car insurance atleast 2 -3 times in a year so that you are informed of the changes that are taking place in the market and secondly it is very important to review car insurance if there is any change in your position in relationship, fiancially, you have taken a new job, you have changed residence or you have a different car.

When an accident ocurrs the first thing is getting your claim settled as soon as possible. Now if it is an own damage claim – for your vehicle it would be settled fast. If it going to be a liability claim than it would be more advisable to stick with the present insurance company since even moving else where might not be gainful to you in terms of premium.

You should first check up with the insurance company and your policy wordings if you have accident forgivness coverage. In this case your first accident is not going to affect your insurance premium.

Yes, your auto insurance premium would be affected by the auto accident and so it is important to compare auto insurance quotes and secondly review car insurance coverage since you might find out that the limits you have presently are not sufficent to cover liability that could arise if you end up paying out of pocket for the claim.

The insurance companies have the privacy norms and so will not tell one another about claims, however it is your duty to disclose the claim or else it is considered misrepresntation and your auto insurance policy can be cancelled or voided by the insurance company.

The prudent thing to do is to compare auto insurance quotes and review car insurance if you are looking for low auto insurance rates at every opportunity and make a wise decision. You can help your family and friends since who does not want low auto insurance rates?

Thanks.

Jason : Can someone help me with auto insurance claim ?
A person was injured in an auto accident (was hit in the rearend)by me. I was at fault . The doctor bills are around $35000.00. My auto insurance is $25000.00 liability insurance. The accident happened in Virginia. What are my options? I wish I had reviewed car insurance and bought higher limits

Review car insurance coverage and compare auto insurance quotes after an auto insurance claim:

Response : Jason I understand your problem and agree that it is necessary to review car inusance coverage and buy the correct limits at all times. Compare auto insurance quotes if necessary to get low auto insurance rates which is a possiblity. You should remember that insurance is for the purpose of a something unexpected and something unexpected can be something big so you need to review car insurance limits and make it sufficent so that the purpose of car insurance is not lost.

Comming to your issue of the auto accident, since you have hit the person from the rear you are at fault and so you will have to pay for the liability for the person whom you have hurt. The first thing you will have to do is to let the claim be submitted to the insurance company and let the insurance company deal with the person. They would perform the due diligence of verfying the doctors bills and what is more important in taking the letter of discharge from the injured person. This is important since if there are some issues at a later date, if the proper discharge of liability document is not collected it would be a liabilty for you at a later date.

Jason, its best to compare auto insurance quotes online and get the low auto insurance rates since this is possible. Review car insurance coverages and see that you get the optimum coverage so that you are actually passing on the risk to the general insurance company.

Thanks.