Christina Augie : Can you compare auto insurance quotes on the basis of occupations? I am just curious about this.

Compare auto insurance quotes on basis of your profession.

Response : Christina, you will be suprised but, yes you can compare auto insurance quotes on the basis of your occupation or profession. Research has been done and if you reveiw car insurance accidents than it has been found that certain professionals are more at risk than others. It would not be suprising if the general auto insurance companies do start loading the auto insuranace premium on the basis of your profession. Insurers want to have a reason for charging!

Here are the deials according to the research. Government workers are some of the most dangerous drivers. “Top 10 Most Dangerous Drivers by Profession” list. Government workers were ranked No. 3, while attorneys/judges and financial professionals took the No. 1 and No. 2 spots, respectively.

Other professions that made it on the list were bartender/waiter, business professionals, dog groomers, marketing/advertising professionals, barber/stylist, coaches, and nurses.

It has been found that multi-tasking – being on the cell-phone for example for a professional or moving fast on a tight schedule – are prone to more distractions and, from there, more accidents.

The study was limited to single driver and single vehicle categories, so no other drivers or vehicles are on the potential policy.

Forty-two percent of government workers claimed a prior accident when they requested an insurance quote, while 44 percent of attorneys had previously made an accident claim. In comparison, the study found the least dangers drivers were athletes (17 percent) and homemakers (24 percent).

Comparison of auto insurance accidents and data’s is a good yard stick of finding out the reaosns sometimes why accidents occur and if one would review once own habits and change them, the amount of accidents can really be reduced. Risk managemnt and loss prevention has always contributed positviely for insurance and controling or minimizing losses.

For every prudent person who wants to save on auto insurnace premiums the key is to compare auto insurance quotes 411 and review car insurance coverage so that you will not have to bear the brunt incase of any auto accident.
Drive safe and stay away from distractions or multi-taksing.

Thanks.
Kamlesh

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Lady Gaga : I just want low auto insurance rates, why should I compare auto insurance coverage?

Low auto insurance rates is equally important as comparing car insurance coverage
Response : Compare auto insurance online seems to be a very simple task to anyone since the concentration is mainly on the rating. You are constantly checking for the low auto insurance rates. However, here is an important tip, please check your coverage. You need to ensure that you have the right coverage not only so that you have issues with your financial stability on account of having a lower coverage. This is required, since if you do not include the right information for the coverage, which might be an oversight by you it would still go against you. The insurance company can deny your claim and cancel your policy on ground of misrepresentation.

Here are a list of questions which you need to ask and which have been suggested directly by the Insurance Institute Information services which will help you in determining whether you need to have any changes in your coverage.

Please stay with me since I am going to take up each of these points one at a time. We are in for a good ride and I assure you at the end of the ride – you will be much better equipped with making decisions regarding your auto insurance coverage’s. Yes, cabby rides give you cash for answering your questions. I answer your questions and pay you in terms of low auto insurance premiums quote!!

Tip one : Has your marital status changed? Have you been divorced or are you married? :
Yes, this is an important factor for auto insurance coverage. If you are married than you might be including your wife as an additional driver on your auto insurance policy. This might give you an increase in the premium. It can also be possible that you have two cars in the family now and so you would be able to place the insurance with the same company and get an additional discount for this.
If you are a teenager and are married, your auto insurance premium would reduce, since the insurance companies would consider that you would be more responsible and therefore would not be an aggressive driver.

Taking into consideration, if you are divorced, than you might loose the additional discounts for multiple cars but you might also end up paying lower since your coverage is reduced since you are the only driver and do not have any additional drivers to the policy.

Stay tuned, compare auto insurance policy, review car insurance and get the low auto insurance rates. More again.

Thanks.
Kamlesh.

Stephen Pierce : Massachusetts : I live in Massachusetts and would like to know what is happening because of the deregulation of the auto insurance here? How would it affect the customers and get low auto insurance.

Response : Getting low auto insurance quotes would require you to review auto insurance coverage and shop online. Please see the low auto insurance quotes on compareautoinsurancequote411.com and review your quotes, since I am sure you will find a really good deal and low auto insurance quote.

“The deregulation of the Massachusetts auto insurance market has driven up prices, boosted insurer profits, reduced consumer protections and generally created confusion in the marketplace, according to a new report by the state’s attorney general.

The report, which comes roughly two years after the creation of managed competition, provides an accounting of how the market is operating, and includes a number of recommendations to improve consumers’ interests.

“When the Division of Insurance introduced the new deregulated auto insurance system nearly two years ago, they contended that this system would result in better rates for consumers,” said Attorney General Martha Coakley in a statement. “While the long-term results of this new system remain to be seen, our office is concerned that consumers may not, in fact, be getting the best rates and the protections they deserve.”

The report notes that most consumers haven’t shopped around for insurance — and therefore, not driving rates down — while are now increasing. Coakley’s office said it is particularly concerned companies are now rating customers on several new factors more closely linked to socio-economic status, rather than to consumers’ driving records.

Among the observations included in the reports:

•Many consumers whose rates decreased paid more than they should have after the market was deregulated. Had the regulatory rate-setting process occurred in 2008, rates would have been reduced for essentially all consumers, with average rate reductions much greater than those seen under deregulation.
•Once ‘managed competition’ began, insurers instantly began seeking higher profit. In 2008, the Division of Insurance accepted target returns in the insurer rate filings that were over 150 percent of the 2007 regulated value for some insurers..
•There is currently no easy way for consumers to determine what the market prices for insurance are, what each company will charge a particular individual, and what discounts and special coverage options are available. The website provided by the Division of Insurance does not solve these problems.
•Some consumers have not been offered all discounts to which they are entitled, have had difficulty obtaining quotes from agents, and have received different quotes from different agents for the same insurers.
•Most Massachusetts consumers purchase insurance through an independent agent, yet most agents typically cannot or do not provide price quotes for more than a couple of carriers.

Thegood news is that the report recommends several moves to help improve the auto insurance market for consumers. These included improved rate proposals, the creation of an insurance Web site to provide side-by-side quotes for all insurers, elimination of penalties for leaving an insurance company early, prohibition of the collection of personal information not needed for rating and the introduction of legislation to ban the use of credit score in insurance ratemaking.

Thus you will get the information first hand but need to shop and compare and review auto insurance coverage to get your much wanted low auto insurance quote.

Jim Edwards : I find that the auto insurance company demand information about people who live with you? Can they really do this? If I do not declare this when I compare auto insurance quotes online is it fine?

Response : The insurance companies do not want to get any information from you which is not pertaining to the risk. Since the insurance companies are insuring your car, they need to know who lives with you only to know who would be using the car. The car cannot run by itself and it is the driver who is steering the vehicle and so the main risk is the driver of the vehicle. It is important to know how many drivers are there in the family and their driving history so that the auto insurance rating can be done properly. Since this directly affects the auto insurance rating and the insurance companies decision of accepting or declining the risk, any information concealed would be a misrepresentation. This would mean that the insurance company can cancel your policy and deny the claim.

Also technically the National Highway Traffic Safety Administration (NHTSA) requires the insurance companies to do so as part of the agreement of being a legitimate licensed insurance carrier.

Now when you compare auto insurance quotes online if you do not put in the information your insurance quote will be different from what they would give you, once you give the correct information. You need to put in the information correctly than it would be considered as a misreprenstation.

Thanks.
Kamlesh

Andy Edmonds: I live in New York and was reading your blog on “No fault insurance“, when I decided to compare auto insurance quotes online. Are there any expected changes for this.

Response: As per the latest information received from on 24th November 2009, New York as per the statement of Superintendent James J. Wrynn said that they have made all efforts to stop the abuse of no fault insurance. The cost of each no-fault claim has gone up by more than half in the past five years, and all New Yorkers with auto insurance are paying for this. The department said its fraud investigations bureau received more than 11,000 complaints alleging no-fault fraud this year to date, a 7 percent increase over the total for all of 2008. The number of no-fault arrests in 2008 was 52 percent greater than in 2007.

As per Paul Magaril, regional manager of Property Casualty Insurers Association of America (PCI) the New York auto insurance rates are the second highest auto insurance premiums in USA. This is almost 50 percent more than the rest of the country. As per PCI the cost of the no fault system of New York the cost of claims is estimated $1.2 million per day. This is the result of frauds like over-utilization of health system. The medical cost is very high.

The Insurers think it is time to stop the frauds and make some changes which will come into effect from January 1st 2010. The changes would take time to be implemented and passed. However, here are the changes which are porposed :

The main idea behind this is to protect consumers the auto insurance frauds have to be stopped so that the low auto insurance rates are available for the customers.

I am sure we all would appreciate the changes, in the long run once we get low auto insurance quotes and start saving on car insurance.