Monday, December 12th, 2011 at
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In the past few years “who is a designate driver” has been approached by many new operators in the transport and small business industry – many of these providing weekend transport to those who go “on the night out”! It is of the utmost importance for road safety that we remove the drunk and impaired drivers from the roads. There is consensus amongst road safety officials that the answer to achieving this is enforcement – not only enforcement from our traffic officials – bit more important, self-enforcement!
The more road users we find self-breathalysing and monitoring their blood alcohol levels, the lesser the risk on our roads. The best advice however remains to use a designated or a zero alcohol level driver. This can either be a friend who is not drinking or a driver from a company who provides this facility at a price.
We usually look at the designated driver from a safety and sober driving perspective only. Bit are you aware how important this might be for your car Insurance premium?
Importance of the Designated Driver for Car Insurance
To consider the importance of the designated driver we should emphasize a few important aspects used in the calculation of car insurance premium:
The insured carThe insured driverThe distance drivenThe time of the day that you driveThe area where you driveClaims history etc
Through the application of the data provided by vehicle telematics these are factors that have become of ever increasing importance to the insurance company. Your car insurer will be aware that the greatest risk to car insurance claims is young drivers driving at night and especially on Friday and Saturday evenings. Driving at these times by young drivers is most often associated with speeding, impaired driving and not only by the driver of that specific vehicle, but also other road users sharing the roads.
By rather pooling funds and paying the designated driver you may be able to save on the risks to your car insurer. You will be driving less at these dangerous times and reduce the risks of unnecessary insurance claims not only brought about by your own driving , but also the fender benders and more serious damage from other impaired drivers! Not only may you avoid increases brought about by additional claims, but you will also be able to travel less with your own vehicle – making ot possible for you to benefit from Pay as you go or pay as your drive premiums!
We would like to urge all our vehicle owners to do some research on designated driving companies in the area where they live. Keep their numbers on your cellular phones and stay on the safe side- ALWAYS!!
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Friday, November 27th, 2009 at
Compare auto insuranceJeff Walker: Can you give me some tips with regards to auto insurance policy?
Response: Sure Jeff, it is always a pleasure to talk about insurance at any time of the day. Here are some tips for auto insurance policy renewal or cancellation which most of us over-look, but are very important for any of us :
Car Insurance Policy Renewal :
The insurance company should send you the renewal notice approximately 30 days before it expires. This is basically to allow you to make the relevant changes in the policy, review auto insurance coverage, compare auto insurance quotes and shop aorund.
If you do not make payment of the premium before the renewal day, the policy coverage will lapse and your policy will be treated as a new coverage. You will loose the No claim discount or the accident forgivness condition might lapse.
If there is a lapse in your coverage due to cancellation of your policy because of non-payment of premiums, insurance companies may then charge you higher premiums for a future policy. Your automobile insurance rates are based on the information you have given to your broker, agent, or insurance company. An insurance company has the right to cancel your policy if the information you have given is not correct or complete.
Your car insurance rates are based on the information you have given to your broker, agent, or insurance company. An insurance company has the right to cancel your policy if the information you have given is not correct or complete. This is considered a misrepresntation and your auto insurance claim can also be denied.
The colour of your car would not affect the premium since the rating is based on the vehicle model, year of make, purchase price, theft frequency, repair cost , safety features and stablity in accident and claims data for such type and make of vehicles. Some insurers do consider higher rating for 2 door vehicles than 4 door vehicles based on the safety feature – four door vehicles have better chances of the occupants being able to leave the vehicle and get out in case of accident. However, this is not the rule of the thumb.
When you don’t want to renew your policy, you should notify your broker, agent, or insurance company immediately. Don’t just stop making payments: that will result in cancellation of your policy because of non-payment and possibly put you in a higher risk category.
Auto insurance Policy cancellation:
Your insurer can cancel your policy for non-payment of premiums, so long as it follows certain procedures. As required by the Insurance Act, the insurer must give you 15 days’ notice of termination by registered mail or five days written notice of termination if it’s personally delivered. If you pay the outstanding premium before the end of the notice period, the insurer may, but is not required to, keep the policy in force. If the insurer does not receive your payment before the end of the notice period, your policy will be cancelled for non-payment.
When you want to change your insurance company mid-way in your policy or before expiry of the present policy and cancel it, you may have to pay a penalty. You may instead want to have the new policy start once your existing policy expires.
Please review your auto insurance coverage, read your policy conditions for cancellation, before you take any step. Compare auto insurance quote and enjoy your low auto insurance premium.
Thanks.
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Saturday, September 26th, 2009 at
Compare auto insuranceMichael : This was a good information on GAP car insurance. Please let me know if there are any exclusions in this so that I can compare auto insurance quotes correctly and get the right coverage.
Response : Michael, I am glad you liked my note and information on GAP insurance. I have been in this field for over 2 decades and I love talking on it at any time of the day. I know insurance can be very baffling for most people since there are many things tide together.
A review of GAP policies shows remarkable similarity in both coverages and exclusions. Notable exclusions include the following:
Overdue lease/loan payments
Financial penalties imposed under a lease for excessive use
Security deposits not refunded by the lessor
Costs for extended warranties, credit life insurance, or other insurance purchased with the loan or lease
Amounts deducted by the primary insurer for wear and tear, prior damage, towing, and storage
Carry-over balances from previous loans or leases
Equipment added to the car by the buyer, meaning that only factory-installed equipment is covered
You must quickly note that “GAP” may still leave a gap in one’s financial obligations once the exclusions are applied. Hope this helps you in comparing auto insurance quotes.
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