joe paterno : I heard elephant auto insurance is giving low auto insurance rates? Is this true?

Response : Joe, Elephant insurance has started its operations and here is some information on this. Personally, I would shop for quotes, compare auto insurance quotes online and also ask some insurance companies before I actually buy my insurance.

Here is some information on Elephant insurance

Commercial opens on the Elephant Auto Insurance logo and the sound of a trumpeting elephant before spokesman is shown onscreen.

Spokesman: Did you know Elephant has lowered their rates by over 30% in the past year all over southwest Virginia?

Map appears behind the spokesman of Virginia Elephant Auto Insurance coverage area with little elephant symbols popping up all over southwest Virginia as he speaks.

Spokesman: If you live in Roanoke, Lynchburg, Salem, Martinsville or the surrounding areas you could save a ton with Elephant. These great rates can’t last forever. Get a quote now at elephant.com and join the thousands of others who are already taking advantage of these amazing rate decreases and saving over 500 dollars per year.

Map disappears and Elephant Auto Insurance logo appears next to him with the phone number and the web address for the company below the logo.

Spokesman: Call or visit us online at elephant.com.

This Elephant Auto Insurance commercial is pointblank for just southwest Virginia even though Elephant Auto Insurance writes in the whole state of Virginia, Illinois and Maryland also. So something has happened in southwest Virginia that Elephant Auto Insurance was able to decrease the premium for this particular coverage area that they write for.

This is not unheard of though, whenever new safety statistics come out for certain areas a change in rates is seen. If the new statistics show a decrease in claims or in activity that claims are filed for, rates go down. Likewise, if there is an increase in activity for claims then the rates go up. Elephant Auto Insurance must have received new stats and refigured their rates to be able to do this.

For the residents of southwest Virginia that have gotten quotes from Elephant Auto Insurance before, they are indirectly letting them know that if they call for a quote now the premium may be lower. For the other residents in this area, they are throwing the bait out there to get their interest in calling Elephant Auto Insurance for a quote. The others are going to want to check if Elephant Auto Insurance is now cheaper than their car insurance with this new rate decrease.

I personally have never heard of Elephant AutoInsurance as I do not live in the area that they write insurance for. I do like the Elephant Auto Insurance logo and the memory tricks that they use in their otherwise boring commercial.

The elephant is something new and catches your attention if you have never seen it and it is a mascot to associate with this company (visual memory). The elephant trumpeting is not something you usually hear for a car insurance commercial (audio memory) and their telephone number (877-21-trunk) associates their mascot and their number together to make it easier to remember Elephant Auto Insurance.

Even though I think the Elephant Auto Insurance commercial is boring, it does its job to get you to both remember the company and attract the attention of the residents in this area. I have to give this particular Elephant Auto Insurance commercial a thumbs up.

It is clear now that only 80 percent of motorists using Texas roads have Texas State Auto Insurance, even after the launch of  the Car Insurance verification program for uninsured cars on the Texas roadways.  There has been  no notable reduction in the numbers of uninsured vehicles since the introduction of TexasSure in 2008 across the state.

The program was rolled out in order to deter motorists from driving without  the states minimum liability insurance coverage limits. There are some parts of the state such as Dallas County where nearly 25 % of motorists or higher are not covered. The report revealed those who comply with the insurance laws end up spending at least $ 1 billion annually on optional coverage to protect themselves from the uninsured motorists. The report further stated that, TexasSure, has  made vehicle registration easier to verify if the Car is insured or not. According to an official at the  Texas State Department of Insurance, the program would require more time in order to show more positive results.

County  and law enforcement officials within the State can use the programs Auto Insurance database to track and send notifications to owners of vehicles which do not have auto coverage insurance. The officials are able to substantiate whether a car has been covered or not. Those who fail to comply could be made to pay stiff penalties. The fine for first time offenders ranges between $175 and $350 while fines for repeat offenders could be anything between $ 350 and $1000. The latter group would also have their drivers licenses suspended, and pay an annual surcharge of $250 for the next three years. If the vehicle is impounded, the owner would have to part with $133 for the trouble and a daily rate of $21.65 for each day the car remains in the impound yard.

Despite these tough measures which have been put in place, the number of Texas drivers without Auto Insurance still remains high as some motorists stop paying their insurance premiums as soon as they receive their updated insurance cards. According to Hagins, even other states which have been able to deal with this problem effectively took time to do it, but his department would require to be granted some legal leeway in order to achieve this. Pennsylvania, the third largest auto insurance market in the US started dealing with this issue in the early 1990′s.  InsureDirect.com’s home office is located in PA.  When the State Police and the PA Dept of Transportation started cracking down on it’s drivers, .  First and foremost, we did our best to provide the lowest prices on Pennsylvania’s State Minimum Insurance Coverage.  We have made this very same commitment to the drivers in the State of Texas.

What is insurable interest for cars?

The insurance is meaningless without something to insure. This should be a no-brainer. So assure what do you exactlymean ? In simple words insurable interest for cars means that you should incurr a loss in terms of finance or it should result into a financial loss. For example you are injured in a car accident and you loss your job which means a financial loss. You need to suffer a direct loss- and if this can happen you have an insuranble interest.

 Therefore, no car insurance covers the Junker rust away in your front yard, which is not yet running.

The insured person must also assures a concrete interest in the entity. Therefore, you can use your own car to insure and place your spouse and children to the policy as a driver, but not the type to the other side of the road only, because you want to.

Situation right without damage to keep the insured claim, an insurance company must make sure there is some value such as a car, a house or a life that would cause financial hardship to loss of which insurance. This is the concept of insurable interest.

You must have the element also in question insurable interest. For example. If a storm for a tree knocking, your car and your neighbor does harm, then you would have to be interested in your vehicle, but not the your neighbors uninsurable.

Auto insurance the most obvious example of insurable interest is the policy on coverage. How your car has intrinsic value, it can be for insured by the insurance company up to this value. This loss is set normally at the time by the value of the “Blue Book”. Ask your insurance agent to determine whether certain losses due to “Replacement cost” or “actual cash value” criteria are covered.

Insurable interest can be represented also from liability. Say in a car accident and errors found. The insurable interest is the damage to the other vehicle in this case up to the value and the cost of the liability for any injury to the loss of border in the directive. Personal injury arise coverages in your vehicle, how work medical payments and PIP in a similar way.

Insurable interest applies to aftermarket car of accessories in the inland marine policies. If your car is stolen, the stereo has insurable interest, and you can be compensated for it, according to the conditions of your policy.

Examples of who has an  insurable interest for cars :

1) Owner of the car

2) Company giving finance for a car- Banks and Fianacial institutes

3) A company leasing you a vehicle

4) Renter of a vehicle.

5) Parents having insurable interest in their minor childs vehicle.

6) Employeers giving car loans to employees

7) Employees giving cars to their employees for job.

Unlike many other concepts in the accident, insurable interest is pretty universal in company. Differences in the drawing can look but different requirements, how a company can take a vehicle, while another will not make. However, the concept remains the same. Remember, insurable interest a key concept in auto insurance. No claim can without it go forward.

Review who has an insurable interest in your car and put in your comments here. Compare car insurance here and get low auto insurance.

Thanks.

WinCE you, every time, when you open your e-Mail from your car insurance? I blame you. Every day thousands of riders get bad news from their insurance company. They learn that they spend hundreds of dollars more for their Car insuranceto pay. Let one of them. Follow these 3 simple techniques to keep your rate, where it belongs.

1. Take time
If you vote your car insurance as low to keep as possible take time and be a safer driver. This may obviously seem, but the worst, what you can do, a claim for any errors or an acceleration is ticket. And the most accidents and ticket pass, if the driver is in a hurry.

Allow yourself enough time. Stay from your mobile phone. Not text. And working with your GPS. Spend the extra minute. You care about, and therefore pull. It could save more than a few hundred dollars on your insurance. It could save someone’s life.

2. Watch your credit card.
Most insurers use a customer credit history or credit score at the to determine your bonus. Research has shown that drivers with good credit rating or a high credit score number responsible, cautious and less likely that a requirement. With poor credit or a low score of an insurance company, in turn tells that under financial stress and are more likely to take risks.

One of the worst things that can pay your insurance bill stop is – even if you are ready to switch companies. Is missing a payment or let your auto policy forfeited not only endangered you if you have an accident, it can lower your credit score and it more expensive, to car insurance.

3. Shop around.
The cost for car insurance can vary by hundreds of dollars or more from a company to the next for the same range. Every company is different. Some sell directly to consumers. Other companies use agents and brokers who paid additional fees or commissions. And so, as prices vary so also the level of functions and services. During a company’s emergency roadside assistance free of charge includes, so that one other bare bones policy and much more.

Just because your insurance was the best prize a few years ago does not mean that they now provide the best price. To be sure, you get the price and quality you deserve, you should secure at least three offers from three different manufacturers every three years. Compare auto insurance quotes and you would be rewarded with low auto insurance.

review car insurance termilogy

How can car insurance terminology help you to review car insurance coverage.

It is very important to understand how car insurance works is important because almost everyone in the United States own vehicles and some might be owning more than one car. Auto insurance coverage has become mandatory is the most States, since it has been a solid financial decision to make. Car accidents do happen though we are taking all sorts or precautions. Having more safe cars built, having better driving training, better roads and most important news given on the radio of any road issues or weather issues. Here are some tips on how car insurance terminology to understand.

Before you review car insurance understand the basic auto insurance termilogy.

The basic terms, to see a person on their car insurance documents are premiums, deductibles, coverage and services. The types of auto insurance, the a driver for can sign comprehensive, collision and liability. Liability coverage is the lowest auto insurance coverage that is available in all 50 States. Because it has the lowest coverage limits available it is the type that excess of insurance coverage that require most of the countries for their drivers in a car accident.

Policy

The written contract effecting insurance, or the certificate thereof, by whatever name called, and including all clause, riders, endorsements, and papers attached thereto and made a part thereof.

Deductibles

Deductibles are listed only when a driver decides for comprehensive or collision auto insurance coverage. If you choose, you have a deductible will your car insurer, you pay a certain amount of money to cover damage which say basically from a car crash, which you are involved in. By these measures is the driver to reduce the financial risk because their insurer for less the cost of the accident is responsible. You the deductible may have as low as $100 or as high as $1500 in most States and the higher a deductible the less you have to pay to be insured.

Reporting benefits

In your car insurance documents you must choose the limits on your cover as $25000 for property damage and $50000 for medical treatment. Choose wisely to ensure that you are properly insured.

Exclusions

Items or conditions that are not covered by the general insurance contract.

You need to read this properly. Review car insurance coverage based on the exclusions since at one place the insurance company might be showing the coverage but at another place in the exclusions it is limiting the coverage.

For eg. (this are not the excat wordings from any insurance company, however the intent here is to explain to you how the policy or the wordings need to be intepreted) On coverage: Your car insurance coverage will pay for a driver whom you lend the car. On exclsuions: If the driver is not legally licensed to drive the claim will not be payable.

Drivers that have failed

Be the driver who applies for a car accident is the car insurance company to paying money to the other driver or driver for monetary damages that they suffered as a result of their actions. Those who blame is governed is said generally about this after a claims adjuster a claims investigation is completed. In the course of this investigation, the claims adjuster will make the drivers involved and see, what they have to say about the accident. The adjuster also checks written observations the drivers and the witnesses the testimonies confirm, which have been given.

You can review car insurance coverage based on the car insurance termilogy at AM Best or Insurance USA Glossary.