Archive for the ‘Uncategorized’ Category

Uninsured Motorist Problems Continue to Rise

Tuesday, August 10th, 2010

Recent independent studies show a significant increase in the number of motorists driving without auto insurance and the current economic climate is only serving to make the problem worse. Uninsured motorists now account for approximately one out every six vehicle users on US highways and these figures are supported by research carried out in the first half of 2010 by the Insurance Research Council.

Although there has to be a certain amount of sympathy for those suffering from the growing unemployment situation, the reality is that uninsured motorists are now making auto insurance a more expensive commodity for road users who actually abide by the law and have sufficient coverage in place. It is those who display a responsible attitude that eventually cover the losses accrued from accidents involving uninsured motorists and this is usually reflected in rising auto insurance rates.

Thankfully, many US states are now clamping down heavily on uninsured motorists. Fixed penalty fines are increasing and it is now much more likely that offending road users will be suspended from driving if they are caught using a vehicle without having suitable auto insurance coverage in place. To alleviate the risk of harsher penalties, motorists are advised to take advantage of cheap auto insurance quotes provided by leading price comparison websites.

At Promiga Auto Insurance Quotes, we provide basic policy packages from A-rated auto insurance companies that provide the minimum mandatory levels of coverage required by state law. There are no hidden fees or charges as we only supply free auto insurance quotes and road users don’t need to be worried about being forced into making a purchase – all of our online auto insurance quotes are offered on an obligation-free basis.

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Three Tips to get Great Motorcycle Insurance

Tuesday, August 10th, 2010

Obtaining a motorcycle insurance policy can be difficult affair. Even if you are a safe and conscientious road user, many auto insurance companies will view motorcycle riders as being a particularly high-risk group. This is supported by accident statistics and even though most bikers tend to use their machines within the confines of the law, many incidents are caused by road users in automobiles who simply fail to see or recognize smaller forms of transport.

Engine Size

Power is an influencing factor on most motorcycle insurance quotes and the meaner your machine, the meaner an auto insurance company is likely to be. Although high-performance motorcycles inevitably provide the rider with an unmistakable buzz, this feeling is rarely reciprocated by carriers who are concerned that you may use your bike with a little too much enthusiasm. Consider downgrading to a less powerful model if your motorcycle insurance rates are currently causing you concern.

Value

The value of a motorcycle will also have an impact on motorcycle insurance quotes. New top-end models can cost many thousands of dollars and if they become damaged as the result of a road traffic accident, this usually makes them more expensive to repair. Unless you can afford higher motorcycle insurance rates, consider buying an older model instead.

Training Classes

Nothing catches the attention of auto insurance companies more quickly than a motorcyclist who takes additional training classes to improve their competence as a rider. Many motorcycle training classes are surprisingly cheap to enroll in and the cost is often offset by cheaper insurance quotes the next time a policy is applied for.

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Investigating your Auto Insurance Provider

Saturday, June 26th, 2010

The tight legislation that governs the auto insurance industry offers consumers a certain level of protection against unscrupulous companies that rarely live up to the exalting claims they make on promotional literature and television advertisements. It should always be remembered that the overwhelming majority of auto insurance companies are reputable, conscientious and always operate legally. However, a small number of companies have a less-than-satisfactory record of performance and by completing a few simple checks, consumers can easily avoid them.

Motorists are advised to check the ratings of a prospective auto insurance company before they actually proceed with purchasing a policy. A good rating is an indicator of financial stability, satisfactory service and strong company performance. A poor rating might suggest poor levels of customer interaction, failure to settle claims and a lack of financial acumen. Insurance company ratings can be found on any number of consumer websites and it is always advisable to consider the feedback of other customers who have used their services.

Reputation is an exceptionally powerful marketing tool and long-serving insurance carriers continue to remain at the top of their field because of the service they provide. Many consumers choose to veer on the side of caution by sticking with the most recognized names in the auto insurance market.  In recent years, a number of smaller companies have materialized in an effort to cash in on a continually-growing market. However, many of these new insurers lack the financial backing associated with traditional carriers and there are a growing number of reports that these companies rarely fulfill the promises they make at the time of an insurance purchase.

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Why has my Auto Insurance Company Cancelled my Policy?

Friday, June 25th, 2010

My auto insurance company appears to have cancelled my policy. What’s happened?

Your car insurance company can cancel your policy for any number of reasons but the two most common instances are non-payment of premiums or presenting inaccurate information pertaining to a vehicle or the person driving it.

How do I know if my payments are up to date?

When you took out the policy, you will have either paid for it in full or arranged a monthly payment plan so that your insurance coverage costs could be cleared in smaller installments to make it more affordable. Check your bank statements thoroughly to make sure all payments to your insurer have been made. If there are any obvious signs of missed payments, contact your insurer immediately as they will normally work alongside you to provide a remedy rather than risk losing your custom.

My payments appear to be fine. What else could have happened?

When you took out the policy, the insurance company would have gathered information about you and the vehicle you want to insure. If the insurance company has made any subsequent checks regarding your driving history and found that you have presented inaccurate information, they may have cancelled the policy because of this. Undeclared motoring convictions or providing misleading personal information are the two most common factors that can cause a policy to be cancelled.

I’m absolutely certain my payments and personal information are in order. What do I do next?

It’s always possible that your insurance company has made a mistake. We’re only human, after all! Admittedly, your policy may have been cancelled on a factor of risk although this is quite unlikely. Talk to your insurer about the problems you are having and see if they are prepared to help you find a solution.

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Dealing with Subrogation and Car Insurance

Thursday, June 24th, 2010

Many drivers have a tendency to treat the subject of subrogation with an element of caution when dealing with their auto insurance policies. Effectively, subrogation offers the insurance company a chance to recoup their money if certain issues are found during a claim so by being aware of the instances where charges may be applied, motorists can relax a little when the issue of subrogation arises.

Subrogation will often be applied when a motorist is deemed to be at fault in an accident although issues will most likely arise if a driver has been excessively reckless behind the wheel. If a motorist feels that subrogation could become an issue, it is highly advised that detailed information regarding the accident is collected. As well as providing information about all drivers involved in the accident and their relevant insurance details, it is also recommended that photographs, police reports, drawings and weather conditions are provided.

Subrogation may also apply if a motorist is only involved in a minor incident. If the costs of repair fall below the deductible figure set when the policy was first taken out, the driver will be expected to cover the full costs of the repair bill.

When an insurance company opts to cover their costs through subrogation, they may opt to cover their outlay through a third party insurer if another driver was deemed to be at fault in an accident. Because of this, it is highly important that motorists retain details regarding the insurance details and vehicle registrations of any other road users involved in the incident.

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What to Do if You Are Involved in a Car Accident

Sunday, June 20th, 2010

No one plans to be involved in a motor vehicle accident, but you should think about what to do if the unexpected happens. Taking things step by step will get the situation dealt with as quickly and efficiently as possible. It makes sense to take some time to review your insurance policy to make sure that you understand what you are covered for and what your policy exclusions are.

After the collision, take stock to see if you or anyone in your vehicle is injured. It’s a good idea for all the occupants of the vehicle to go to the Emergency Room to get checked out.

Get the other driver’s contact information and be prepared to provide yours. You will need to know the other driver’s name, address and phone number, as well as the name of his or her insurance company.

Make note of whether there were any witnesses to what occurred at the time of the accident. If possible, get names and contact information from the witnesses in case they need to be contacted to make a statement about what they observed.

File an accident report with the local law enforcement agency and notify the insurance company as soon as possible following the incident. The insurance company’s adjuster will want to review the accident report to determine which driver was at fault before paying out on any claims.

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California Motorcycle Insurance

Saturday, June 19th, 2010

Acquiring cheaper California motorcycle insurance is made easier if riders focus their attentions on companies that specialize in providing cover for motorcyclists as well as sourcing prices from the some of the more recognized insurance companies that operate within the Golden State.

Legislation is in place that makes it compulsory for California motorcycle insurance to provide the same levels of cover that are applied to all other vehicles. The Tort system dictates that motorcyclists hold the minimum 15/30/5 level of cover which is formatted in the following way:

  • A minimum of $15,000 of liability cover for a single third party injured in an accident where the policy holder is considered to be at fault
  • A minimum of £30,000 of liability cover for 2 or more individuals injured in an accident where the policy holder is considered to be at fault
  • A minimum of £5,000 of liability cover for damage sustained to the property of a third party in an accident where the policy holder is considered to be at fault

Consideration should always be given to additional California motorcycle insurance features such as collision damage cover and protection against uninsured or underinsured drivers. This is particularly important when one considers the increased risk of physical injuries and property damage that can be sustained by motorcyclists in the event of a road traffic accident.

Motorcyclists that boast an accident-free driving history and have taken advanced motorcycling courses are looked upon favorably by most California motorcycle insurance companies and can expect the cost of a policy to drop significantly for being a safe and responsible rider.

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How to Cancel Your Car Insurance Policy

Saturday, June 19th, 2010

If you decide to cancel your car insurance policy, you need to go about the process in the right way. Simply stopping your payments is not a good strategy, and it can affect your credit as well. Whatever the reason you have decided to stop getting car insurance coverage from a particular company, check the policy language to find out the right way to cancel.

Many insurance policies require the customer to notify the company in writing that they wish to cancel the coverage. If so, be sure to include all the information the insurance company needs in the letter. The policy number should be clearly set out, and it’s a good idea to specify the make and model year of the vehicle as well. Tell the insurance company the date that you wish to have your coverage terminated. Then send the letter by courier or registered mail so that you have proof of delivery.

You shouldn’t assume that your existing car insurance policy expires if you don’t tell the insurer that you wish to renew the coverage. Unless the insurance company receives instructions to the contrary, it will renew the policy and issue a bill for the next payment term. Ignoring the bill and not dealing with canceling the policy yourself means the insurer will cancel it and this information will appear on your credit report.

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Finding an Auto Insurance Company

Thursday, June 17th, 2010

Talking to the owner of the body shop about car insurance? It’s not as far-fetched an idea as you might think. If your goal is to find a car insurer who treats its customers well when they make a claim, then you talk to someone who deals with adjusters regularly.

The body shop owner deals with people who are performing these functions daily, and is in a unique position to offer an opinion about how different insurers conduct business. They know which companies pay out on claims promptly, and which ones tend to make policyholders jump through a few more hoops first.

Talking to someone working in a body shop also gives you an idea of which insurance companies are prepared to pay for new parts on car repairs, and which ones request that aftermarket parts be used as a cost-saving measure. This is valuable information that will help you to decide whether a particular insurance company is the right one for you.

When you get some names from the body shop owner, you still need to compare rates and find out about the company’s customer service policies before you make your final decision about your coverage. This is only one factor you need to consider when looking for car insurance, but if you ever need to make a claim you will be glad you did so.

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Bodily Injury Liability Insurance Defined

Thursday, June 17th, 2010

Bodily injury auto liability insurance doesn’t cover a driver’s own injuries; it pays benefits to the occupants of the other vehicle involved in an accident. The insurance company issuing the policy will provide a legal defense if the driver is sued for damages. The bodily injury insurance coverage pays benefits for an injured person’s medical bills, lost wages and general damages for pain and suffering.

In most states, a vehicle owner is required to have bodily injury liability insurance coverage in place and sets a minimum level of coverage required. Bodily injury liability insurance is usually expressed by two numbers, such as 20/40. In this case, the first number is the policy limit for damages sustained by one person in the accident. The second number refers to the policy limit for all injuries sustained in a single accident – no matter how many people were hurt.

Choosing to buy only the minimum amount of liability insurance required by law may not provide a driver with sufficient financial protection. The insurance company will only pay out up to the policy limits (less the deductible). In the case of a serious accident, $20,000 may not cover all the injured person’s medical bills and other expenses. The driver is financially responsible for paying the balance of any judgment owing. Rather than run the risk of having to sell possessions or have wages garnisheed to pay the outstanding balance, a better choice is to buy sufficient coverage in the first place.

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