Keith Baxter : Can auto insurance companies demand information about people who live with you? When I compare auto insurance quotes do I need to declare all the members of my household? Should I review car insurance application for this?

Review car insurance application when you compare auto insurance quotes.

Response : For an insurance companies the members of your household or people who live with you are relevant and important. The reason for directing these questions is because this is one way the insurance company would know who is likely to drive your vehicle or use your vehicle. This is so because if you are living in the same household the chances are more likely that you would be using one another vehicle either on a regular basis or randomly when needed. This is also another way for the insurance company to know the possible risk factors that must be considered when rating or underwriting your application or accepting your risk.

The general question on the application is who the licensed drivers are living in your household. The reason for this question is that many people do not declare all drivers living in the household, especially when one of them has an adverse driving history or a bad claims record, to avoid loading.

Remember that if you have a child who is below six than you might earn a discount for this, since the parents of very young children would be more careful drivers especially when they have their child with them.

Failure to disclose correctly when you compare car insurance quotes

If you do not declare this correctly than in case of an accident when the insurance companies conducts an investigation and finds out that whatever has been declared on the application when you compared auto insurance quotes was not correct, they can deny the claim and void the policy. Hence you should always review car insurance application and ascertain the correctness of the same when you compare auto insurance quotes.

Thanks.
Kamlesh

Lady Gaga : Is it worth to compare auto insurance quotes and loose loyalty discount?

Compare auto insurance quotes at all cost, you have nothing to loose and huge savings to be made!

Response : Yes, this is at most times a psychogical deterent used by the insurance companies to ensure that they do not loose the customer. In reality, the loyalty of the customer is more important and valuable to the insurance company rather than the customer.

If you are worried about switching insurance companies since you do not need to do so, cause even if you loose the loyalty discount provided you had it and were eleigble for the same, it would not mean that you will end up paying more for auto insurance or you will not save a bundle in the end.

First and foremost the regulation for loyalty discounts differ from insurance company to company and some give this discount on the condition that there are no claims and that you have stayed with the compnay for more than 3 years, some give for 2 years.

Secondly, the fact is that some insurance company would provide you a small discount, however you fail to notice that the auto insurance basic rate charged by them is much higher and so the small discount is not much valuable for you- you do not save, you are already paying more.

End, this now and today and compare auto insurance quotes and reveiw car insurance since you will find out that some insurance companies offer you a low basic auto insurance rates and so you wil save significantly. After all, what good would a 5% loyalty discount off an annual rate of $1500 ($75 savings), when with the low auto insurance rate you could pay only $1040/- and save $460/- It is definetly worth it to compare auto insurance quotes and this also for free and save in this hard economic times.

Start saving now with auto inusrance quotes for free.

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.

Whitney Houston : Does a change in my marital status affect the review car insurance process or when I compare auto insurance quotes to get low auto insurance quotes?

Review car insurance, compare auto insurance quotes to get low auto insurance rates.

Response : Whitney, this may sound very suprising but your marital status is going to make a difference when you review car insurance or compare auto insurance quotes and it is directly going to affect your low auto insurance rates. What I am going to reveal further is going to suprise you even more.

First let me tell you that when you are below 25 and you get married, a change in your marital status is going to help you get low auto insurance rates when you reveiw car insurance or compare atuo insurance quotes online or through an agent. This is because the general insurance companies would consider that you have become responsible and mature and so will not now be a reckless driver.

Once you are over 25 and are married than low auto insurance rate might not be possible if you add your spouse as a named driver on your auto insurance policy. You will be paying for two drivers instead of one. 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 when you review car insurance or compare auto insurance quotes and thus get a low auto insurance rate or discount if your spouse is a good driver and is the named 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.

So when you review car insurance or compare auto insruance qutoes than your marital status is going to be an important factor in your getting low auto insurance rates.

Ping my blog

Tiger Kenedy : Why should one compare auto insurance quotes with differnet dedutibles?

Compare auto insurance quotes with different deductibles is a good idea.

Response : It is a very good idea to compare auto insurance quotes using different deductibles and this can be done really easily. Let me give you examples to make it absolutely clear as to what is the effect of different deductibles on the auto insurance quotes. First let us understand what a deductible is.

What is an Auto Insurance Deductible?
A deductible is the amount of money you are responsible for paying in the event of a physical damage claim on your vehicle. The insurance company pays for the cost greater than the deductible to repair your car. If the total cost to repair the damage to your car is less than the deductible, you are responsible for paying for all the repair costs.

Secondly, deductibles are only paid for physical damage claims for your vehicle, not liability claims. So if you are found liable (at fault) for damage to another person’s car or injury to another person in an accident, you DO NOT have to pay a deductible.

Likewise let me also clarify that comparing different deductibles is a good idea only if you are going to take the own damage coverage of the auto. Incase you are not opting for own damage or comprhensive coverage which is another name given to this, than there is no use comparing deductibles and this option would not be given online.

There are several deductible amounts you can choose when selecting an insurance policy. The amount generally ranges between $250 and $1,000. Generally, a higher deductible will lower your insurance rate. You should choose the highest deductible you can afford. Keep in mind that the deductible is paid each time a separate claim is filed. The deductible amount is the amonut that you will have to bear each time you report an auto insurance claim. If you report three damages or place three claims in a year, you will have to pay three deductibles.

Example 1: Frank has a $1000 deductible for the physical damage coverage for his car. Frank crashes his car with a neighbours fence causing $3,000 in damage to his car. Frank would be responsible for paying the first $1000 to repair his car. Frank’s insurance company would pay the additional $2,000. It’s important to note that the cost to repair the neighbor’s fence would be covered by Frank’s liability coverage.

Example 2: Allison has a $250 deductible for the physical damage coverage for her car. Allison accidentally backs into her neighbor’s mailbox at a slow rate of speed, causing only $100 damage to fer car and no damage to the neighbor’s mailbox. Since Allison’s deductible is $250, she is responsible for all the repair costs associated with the accident. Her insurance company would only pay for damage in excess of $250.

Remember, the number of claims you file is held against you in the form of additional cost for insurance in the future. Also, insurers may sometimes choose to non-renew your policy after the initial policy term is up based on your previous filing claims. Circumstances can vary greatly, but it is a good idea to pay for all small damages to your vehicle with your own money.

It would be smart to opt for a higher deductible if you are a good driver and so you can save on your auto insurance premium and would get a low auto insurance rate or premium.

Happy Motoring.
thanks.
Kamlesh

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