This Article is About
auto insurance
low cost auto insurance
costly insurance
natural disasters
high grades
Save Auto Insurance
Join 1000's of Authors at StreetArticles Today!

Insurance companies have a simple business plan. It is to take in more money in premiums than it pays out in claims. It is a matter of risk management. Insurance companies must access the chance of a disaster happening. If you watched (and who didn't?) the tsunami recently in Japan, you saw cars by the thousands being washed up by the giant waves ending up in one giant junk yard.

Each of those cars destroyed in the tsunami most likely had auto insurance. Did or will the insurance pay off and replace the cars? It depends what is in the policy, the fine print. Low-cost auto insurance may not cover natural disasters. Those that do cover natural disasters such as a tsunami may have limitations. Adjusters have to find the vehicle and explain to each customer what they are or are not entitled in compensation. No mater what happens next you can bet your Aunt Ruthie's antique rocking chair that insurance rates will go up.

The rate you pay for auto insurance depends on 1. The Insurance Company, 2. Your age and the age of each driver, 3. The driving history of each driver, 4. The make and model of the car, 4. The training of the driver (such as AARPs driving course), and 5. The area where you live.

Insurance companies have widely varying rates. You will pay more for the same services at different insurance companies. Younger drivers are more prone to accident. A driving course at high school may lower a rate. Some companies give lower rates to students with high grades. But the bottom line is that younger means more costly insurance.

If you have been in an accident or two, it will affect your rate. A current policy may not be continued or even cancelled by the insurance company. You may be thrown into an insurance pool to be able to obtain insurance which you will pay for at a much higher rate. And after the new company carries you for one year, they will drop you like a hot potato even though you had no accidents during the year.

Some cars are more prone to being stolen or high repair costs. You can study up on which cars an insurance company hates or loves. But most of us are stuck with what we have and we are not going to let an insurance company dictate to us what car to buy or not to buy.

Your locality determines your insurance rate. Factors like the possibility of having an accident, the number of auto thieves or vandals, and the possibility of a natural disaster may come into play.

Remember that it is your car that is insured. If you are not the driver and your car is involved in the accident, you are probably covered. But you may lose your insurance because of the accident. Some companies like AARP (Hartford) now permit an accident without cancellation. I had Hartford years ago after an accident kicked me into the insurance pool. They covered me the required one year but then I was that hot potato. AARP dictates to them what coverage they will provide to AARP members.

There are a number of ways that you can reduce auto insurance cost. Talk to local insurance agents before you go online. You may be surprised to find that a rate with a local company is lower than the big braggart on television who claims low rates. If you belong to an organization, check to see what they offer. Your company may belong to an organization where you can obtain low rates. When we lived in New Jersey, at times we used New Jersey Manufacturers insurance.

Talk to your friends. What insurance are thy using and how much are they paying. You must compare apples with apples so make sure you are looking at the same coverage between companies.

Fly Old Glory!


Street Talk

No comments present
You May Also Like
Tips To Get Auto Insurance At The Lowest Price
Make certain you stay abreast of the most recent updates about auto insurance. You should have every one of the right decisions to make sure you are receiving the correct coverage to meet your needs. Here are some methods to aid you make better decisions about car insurance. Your chosen…
By: Frank Wyatt in  Insurance  >  Car Auto   Apr 01, 2013  
1
  Likes: 1

Having Access To The Auto Insurance In The Online World Is Very Quick
Irrespective to whether you own a caddie or even a hooptie, obtaining an insurance coverage from the internet before you begin driving is very basic and fast. As well as the Internet offers a plethora of choices for all budgets along with a fast and simple way to compare different…
By: Bobbie Ratlif in  Insurance  >  Car Auto   Jan 10, 2012  
0
  Likes: 0

A Quick Guide for Auto Insurance Online
In America, having a motor vehicle it not just a treat, but in addition absolutely necessary, as one demands it to complete the daily program of traveling to work, shopping and accomplishing family appointments. Knowing your property properly protected from economical perils that include car accidents, stealing or criminal damage,…
By: Bobbie Ratlif in  Insurance  >  Car Auto   Dec 26, 2011  
0
  Likes: 0

Information on Auto Insurance and Why You Must Insure your Car
If you own car, most probably you have a rough idea about what is meant by an Auto Insurance. However, a detailed and comprehensive understanding of the different aspects of a typical Auto Insurance scheme is vital if you want to select the best auto coverage and policy for your…
By: Nick Thomas in  Insurance  >  Car Auto   Jun 28, 2011  
0
  Likes: 0

Locating Low Cost Auto Insurance For Veteran Drivers
It is highly recommended for everyone that owns a vehicle to have auto insurance purchased. Unfortunately many drivers neglect the fact that auto insurance is actually obligatory in majority of the states and they try to wiggle their way out of getting one. Auto insurance is your primary financial protection…
By: Bobbie Ratlif in  Insurance  >  Car Auto   Jan 24, 2012  
0
  Likes: 1

Costs for California’s Low Cost Auto Insurance Program Have Decreased
The low cost auto program in California was founded in 1999 in an effort to get people that cannot afford auto insurance the ability to get insured and follow the law. This programs basic fundamental rule is to give an annual discount for those citizens that make less than a…
By: David Mills in  Insurance  >  Car Auto   May 31, 2012  
0
  Likes: 0

State Life Insurance And Its Policy Plans
The working of state life insurance company is with the point of view to encourage different customers. A company main objective is to provide benefits to their customers and shield them as of several of unforeseen harm by recommending the appropriate policy plan at reasonable price. A company is offering…
By: anamzara in  Insurance  >  Car Auto   May 02, 2016  
0
  Likes: 0

Auto Insurance Rates And How to Keep Them Down
Auto Insurance is a contract between your car owner and also the insurance company. It's simply the premium that you accept invest in your car insurance policy. It protects you against financial losses and comprehensive or collision side mirror in case your car gets damaged, stolen, or if you will…
By: carpartscovered in  Insurance  >  Car Auto   Apr 14, 2016  
0
  Likes: 0

Easy Access to Loya Insurance
One of the most well-known and fastest-growing companies in the United States, with well over 500 agencies in 12 states across the country is LOYA Insurance. In the attempt to be "local", Loya has strategically placed the offices in many population centers. People often visit locations as they go to…
By: Zarusky Nalaninaskaya in  Insurance  >  Car Auto   Apr 13, 2016  
0
  Likes: 0

The Best Ways to Get Online Car Insurance Quotes
When you buy a car, the next you do is buy car insurance and without it, you are risking your life. One of the most common questions online car insurance shoppers ask is how can we find the most reliable car insurance quotes online? With the rise in online insurance…
By: RachelLewis in  Insurance  >  Car Auto   Mar 17, 2016  
0
  Likes: 0

Budget - friendly Loyal Car Insurance
Although insurance rates have edged up the last few years, it is possible to find still budget friendly automobile insurance. The team at Loyal Insurance will personalize an insurance plan that fits your spending plan, no matter how tight it is. Discovering cheap auto insurance coverage can be difficult if…
By: Zarusky Nalaninaskaya in  Insurance  >  Car Auto   Mar 17, 2016  
0
  Likes: 0

Car Insurance Policy Charges - - Able to Choose Complete Rate
You need to which auto insurance protection you will have? Provides the idea recently been concerning the real cars get older, or even your personal traveling capability? Considering unclear about the vehicles heritage? If you are, chances are that the lending company printed into your agreement precisely what coverage you…
By: Autoinsuarnce00 in  Insurance  >  Car Auto   Mar 01, 2016  
0
  Likes: 0

Evaluate Auto Insurance Costs - - Exceptional Lower Price As Well As Benefits Intended for Customers
One of the handiest areas searching for the most beneficial online car insurance insurance policies are generally the internet. Additionally, once you've perused using a couple of reliable websites, you can actually toenail recorded upon a number of corporations and also assess automobile insurance. regarding these types of. To accomplish…
By: autoinsurancerates12 in  Insurance  >  Car Auto   Feb 26, 2016  
0
  Likes: 0

Its the Demon Hunter 98 - 110 Leveling Predictable Real Truth That Will Your Business Things
Buy WOW gold,buy WOW BOE items in security with cheap price.Safe WOW mounts for sale with instant delivery.Top raid teams will help you get WOW gears fast. Excellent customer services as you wish. Its the demon hunter 98 -110 leveling predictable real truth that will your business things and so…
By: appgamenews in  Insurance  >  Car Auto   Feb 16, 2016  
0
  Likes: 0

They Are Currently Going One Of the Best BNS Gold Growth Most Of Us May Possibly Learn
That important unit will be built from Blade and Soul Gold steel, nasty, extremely group of musicians iron substitution stuff or anything else. Professional team will help you get Game Currency FIFA Fifa 16 Ultimate Team ,WoW Gear Raiditem easily. Its very popular inside presentation marketplace. Yet another necessary device…
By: appgamenews in  Insurance  >  Car Auto   Feb 16, 2016  
0
  Likes: 0

Article Views: 4891    Report this Article