Tips on Buying Import Car Insurance

If you purchased an import car, you would have to drive it with a car insurance policy to rest assured that there is enough coverage should anything bad happen to your precious car while being in traffic or when have it parked on the driveway at your home place. There are many auto insurance companies advertising on TV and various classifieds for attracting customers telling how many others have joined their business. This can be also valid for you, but you should know that once considering buying car insurance for an import auto you would find it be more expensive than insuring a regular car.

To some of the import car owners this might not come as a surprise, as they must have gotten more information about this matter before purchasing the specific car. But since you read this article it means that you are looking for this information to find out how exactly you can obtain lower rates for your import car insurance policy.

  • The first thing that you should consider in this respect would be to equip your import car with more security features. Not all these cars have those security devices that American or European cars are equipped with. Being also an auto with exotic design it can become a good target for thefts. Investing in these security options, you don’t have to think it as a large expenditure, but rather consider the benefits: you will have car protected against thefts and you will definitely be set with lower car insurance rates.You can consider adding the GPS system choosing Lojack or something of the sort, this fact will lower the car insurance premium as well. Anti-theft devices (choose from many alarm systems available on the market), ignition-shut off devices are also factors to influence the lower rates on the insurance policy.
  • Another possibility to get lower rates on your import car insurance coverage is to join with a group of import car owners. This group will always reach for negotiation on the policy costs and most of the times they succeed in finding the auto insurance company willing to offer a cheaper alternative, as this is also good for the insurers. The company will know that in this way they will have a constant flow of customers coming from this club, so they will take into account the alternative of offering lower rates to these customers. Is the same concept of a merchant selling its merchandise at wholesale price.

Protect Your Prized Possession With the Right Insurance

Buying a boat can be a lifelong dream dome true. There is nothing quite like hitting the open ocean and feeling the salt spray in your face to get your adrenaline pumping, and many boating enthusiasts have saved for decades to purchase the vessel of their dreams With so much time and money invested in your boat, it just makes sense to protect it with the right insurance policy. While some boats are quite inexpensive, others cost tens of thousands of dollars or more. Protecting that sizable investment makes it possible to enjoy your days at sea without worrying what you will do if something goes wrong.

Boat Insurance
Why You Need Boat Insurance
You need boat insurance for the same reason you need car insurance and homeowners insurance – to protect what you own from loss and damage. Repairs to a boat can be quite expensive, and boat owners are unlikely to have the financial resources to pay those repair costs out of pocket. By taking out a quality boat insurance policy, boat owners can protect themselves from unexpected expense! and keep their boating hobbies rolling right along. After you have determined that boat insurance is important, the next step is to determine how much insurance you need.A good starting point is the purchase price of the boat, but it is also important to look at its present value. Many boats will rise in value over time, so you may need to reevaluate your boat insurance needs from time to time. One good resource for boat insurance is your car insurance provider. Insurance agents who help clients find the right policies for their needs may also have access to other types of policies, including boat insurance policies. But even though your car insurance agent is a good resource, he or she should not be your only resource. There are many other places to look for boat insurance, including online comparison sites that give you a number of different quotes and let you compare rates and coverage levels.

Roll Out a Simple Online Form One of the best ways to shop for boat insurance is to go to the website of an online comparison website like OceanLink.com. Once there, boat owners can fill out a simple online form and let dozens of different insurance companies compete for their business. When filling out the form, it is important to fill it out completely. The more information you can provide the better the insurers will be able to give you information on the discounts they offer. For instance, if you keep your boat in an indoor storage shed during the winter, you might be eligible for a discount. But the insurers will not be able to notify you of that discount if you do not complete that section of the form. With a site like OceanList.com, boat owners can pick and choose the insurance companies they want to hear from. This makes it easy to select the right insurance from many different companies, without being inundated with quotes from companies you are not familiar with. The Internet has made many things much easier, and shopping for boat insurance is definitely one of them.

Car Insurance 101: Why State Mandated Minimum Coverage May Not Be Enough

Car insurance is an important purchase, so important in fact that state governments around the country have passed laws requiring every driver to buy it. Forcing every driver on the road to carry car insurance expands the risk pool and this can lower the cost of car insurance for every driver. Mandatory car insurance also minimizes the chances that you will be involved in an accident with a driver who has failed to purchase car insurance. Many states tie car insurance to vehicle registrations and purchases, making it harder for drivers to avoid buying the coverage they are required to have by law.

Uk Car Insurance
But while minimum mandated coverage is certainly important, it might not be enough to truly protect you in the event of a crash. It is important for all drivers to look at the minimum amount of liability insurance and property damage coverage required by their states and determine if that coverage is really enough to protect themselves, their families and their vehicles.

For instance, in some states the minimum amount of property damage coverage drivers are required to carry is as low as $5,000. To understand just how inadequate that limitation really is, just take a drive and count the number of vehicles you pass that are worth more than $5,000. If you were to be in an accident with any of those drivers, you would be wholly unprotected if all you bought was the minimum insurance coverage dictated by your state government.

Liability coverage is another important area to consider when looking at the minimum amount of coverage your state requires. Again, many states have set the bar very low in this regard. The states generally do this for valid reasons, namely to make car insurance more affordable to drivers who are forced to buy it, but those low premiums can come at a steep price.

It does not take many doctor visits or days in the hospital to run up bills in excess of those limits, and you could be on the hook for the excess in the event of a crash.

When determining how much insurance you truly need it is a good idea to look at the minimum mandatory coverage required by your state as only the starting point. If you are a young driver with little in the way of assets to protect, you might be able to get away with the minimum mandated coverage for awhile, but as you accumulate more assets it is a good idea to revisit this decision and make any changes that are warranted.

One of the best ways to determine whether or not the minimum mandated amount of property damage coverage is sufficient is to head out car shopping. Take a look at some of the most popular models and what they cost, then compare the cost of an average new car to the amount of property damage coverage your state requires you to carry. If the amount of minimum mandatory coverage is significantly lower than the price of the average new car, adding additional coverage is probably worth your while.

In fact many drivers are quite surprised at how affordable it is to ramp up from the state mandated minimum coverage levels. It is often quite inexpensive to double or even triple the minimum required coverage levels, so drivers should at least price these options before simply accepting the minimum mandatory coverage in your state.

Switch Your Car Insurance – and Pocket the Savings

For many drivers the cost of car insurance is exceeded only by the cost of the monthly car payment, and for some unlucky drivers the cost of insurance can be even higher than the cost of the monthly payment. In fact car insurance can cost thousands of dollars a year, so it is important to shop around for the best deal. Switching your car insurance could save you hundreds of dollars a month – money that you can certainly use elsewhere.

The reason that shopping around can save you so much money is that different car insurers use different criteria for determining premium rates Car insurers consider everything from your driving record to your credit report when determining how much you must pay for insurance. By shopping carefully you can find a company that saves you money without sacrificing the coverage you need to stay safe and legal behind the wheel.

Cheap Car Insurance
Why Shop Around?
Every driver will have different reasons for shopping around for the best car insurance coverage, but some of the most common reasons to shop and compare include:

  • Increase your liability limits without increasing your premiums
  • Get a better deal on collision and comprehensive coverage
  • Find lower premiums without reducing your coverage
  • Avoid premium rate hikes Take advantage of available discounts

Finding the Best Deal
These days the Internet is the best place to shop for car insurance. With just a few clicks of a mouse you can compare the rates at dozens of different companies, with all of those companies competing for your business

When you use a comparison website you can get dozens of different offers, and you can then compare those offers and pick the one the best meets your needs This can save you hundreds of dollars a month and help you put  more money away for a rainy day.

Check Coverage Carefully
While saving money is important, it is just as important to do your research when choosing a new company. Always make sure that the company is reliable and reputable – after all, the insurance company you choose will need to be there when you need them to pay your claim.

Making the Change
No matter which insurance company you ultimately choose, It is important to time your change carefully. For most drivers the best time to purchase a new policy is about a month before the current policy expires. This will give you enough time to get your new coverage in place before canceling your old policy. If the state where you live  receives the cancellation notice for your old policy before they know about the new policy, the state may think you are an uninsured driver. By putting your new coverage in place before canceling your old one you can avoid this problem and keep your driving privileges in place.

When you do cancel your old policy it is important to contact your current insurer in writing. Be sure that you have the insurance cards from the new company in hand before writing that cancellation letter. This will keep you out of trouble with the state and ensure that your coverage continues without a hitch.

Switching your car insurance coverage can save you a great deal of money, but it is important to take the proper steps Shopping online can save you hundreds of dollars a month, and putting that new lower priced policy in place before canceling your old one will make the process a  lot easier.

Ways for Keeping Your Car Insurance Bill Low

If you drive a car you need to have sufficient car insurance coverage in place, but it can be tough to get the best deal.  Fortunately there are some proven ways to save money while still getting the coverage you need.

Know Your Options
Before you start shopping for car insurance it is important to determine what type of coverage is required by law. Many states set minimum coverage requirements, and failing to have adequate coverage in place could cost you your license and possibly even your car. Determining the state mandated minimum coverage levels will help you greatly- and it can also give you a good benchmark to use as you shop the various companies doing business in your area.

Car Insurance Companies
But it is important to keep in mind that those minimum coverage levels may not be enough to cover you in the event of a crash. For instance your state may require only $20,000 worth of property damage coverage. If you were to be in an accident with the owner of a brand new Porsche you could be on the hook for the rest. The cost of ramping up from the bare bones minimum coverage to something more realistic  can be surprisingly little, so it is important to ask about the cost of various levels of coverage.

Know the Factors Used to Determine Your Rates
Since you are looking for car insurance you may assume that the only criteria the insurer will use is how well you drive, but that is not necessarily the case. Many car insurance companies use a complicated formula that includes not only your driving record but your credit score and your level of education as well. It may seem counter intuitive, but the companies who use these formulas claim that it provides them with a clearer picture of which drivers pose the greatest risk.

If your own credit history is a bit spotty it is worth your while to seek out companies who focus solely on your driving record to determine your premium payments  Those companies are out there but it can take some time and some detective work to find them. Many car insurers actually advertise the fact that they do not take credit scores into account, so it pays to look for the ads as you are shopping.  In addition you can contact each car insurance company who does business in your area and ask the customer service representative you speak to which factors the company uses to determine rates If the front line customer service representatives do not know which factors affect rates it may be necessary to speak to a supervisor, but it will definitely be worth your while to do so. By focusing on those companies that do not use your credit score you may be able to save hundreds of dollars a year on health insurance.

Some Tips for Successfully Appealing an Car Insurance Claim Denial

The whole purpose of car insurance is to protect you if something goes wrong, but in some cases car insurance companies go out of their way to reject even legitimate claims. While Larry Gelb, President and CEO of Care Counsel LLC, states that the environment is becoming more consumer oriented, there are still pitfalls along the way. Learning how to fight your car insurance company and get the coverage you pay for is still vital.

Know Where You Stand
Your first step should be to thoroughly review your car insurance policy thoroughly and be sure you understand exactly what is, and is not, covered by it. Review the list of covered procedures and make sure the claim you submitted meets the guidelines

Car Insurance Claim-1
Document Everything
Create detailed notes of every interaction with your doctor and with the car insurance company. Include as many details as possible, including the date and time of  each conversation, the name of the representative and what was said. It is helpful to keep this information in a word processing document-this will make it easier to search for specific information.

Be sure to make copies of all paperwork you receive from the hospital, doctor’s office and car insurance company. Keep this documentation in a safe place so you can refer to it later.

Turn to the Experts
Enlist the help of your doctor’s office in fighting the car insurance company denial. Some denials are simply the result of a typo on the submission form. The staff at your doctor’s office should be able to clear up these erroneous denials quickly. The office staff at your physician’s office can also provide you with valuable information about how each car insurance company works, including information about the appeal process.

Gather Your Information
Find the denial letter you received and review it for instructions on the appeal process Follow the appeal process laid out by your car insurance company. Failing to follow the proper procedures could result in the denial of your appeal. Be sure to send all backup documentation, including your notes detailing conversations with the car insurance company’s agents

Start the Ball Rolling
Contact the customer service department at the car insurance company if you have not heard anything within 5 to 7  business days. Make sure that the car insurance company received the appeal, and ask the status of that appeal.

By following these steps and documenting your every move, you can greatly increase the chances that your appeal will be decided in your favor. While not every claim will turn out the way you expect, new consumer laws and your own knowledge can combine to tilt the odds in your favor.

Car Insurance 101: Raise Your Deductible and Lower Your Rates

When shopping for car insurance many drivers automatically select the plan with the lowest deductible. After all a low deductible means less money out of your pocket in the event of a crash. That may seem like a smart money saving strategy, but in reality it can be just the opposite. That is because those low deductibles come at a price, and a policy with a low deductible is likely to have much higher premiums than a similar policy with a higher deductible.

If you are reasonably good at managing your money it may be better to accept a higher deductible and use the money you save to build up an emergency fund that can be tapped in the event of an accident. This allows you to enjoy greater control over your money while reducing the financial pain that a higher deductible would otherwise create.

Car Insurance Rate
Just consider the following hypothetical example of a driver with a car insurance policy and a $250 deductible. The monthly cost of that hypothetical policy is $100, but if the driver is willing to accept a $500 deductible instead the cost drops to $75 per month. In that scenario the driver can change the policy and direct that  $25 a month cost savings into a savings account. In less than a year that driver will have enough to cover the cost of the additional deductible, and the money belongs to the driver -not the car insurance company. If the driver has an accident he or she can simply tap the funds in the savings account. If the driver remains accident free those $25 monthly payments will keep building, providing an excellent cushion against not only car crashes but other unexpected events as well.

By using this strategy drivers can save themselves a great deal of money and eliminate many hassles.  By accepting a higher deductible drivers can save money on their premiums and use those savings to create an emergency fund they can tap in the event of an accident.

Implementing this strategy is not difficult, but it is important for drivers who plan to use it to exercise fiscal discipline. This strategy will only work properly if the money saved on monthly premiums is directed to a special fund that will be used to cover that higher deductible. Drivers who are unable to exercise this type of financial restraint may not be able to make this type of strategy work. Those drivers may be better off putting accepting the higher premiums that come with lower deductibles, but for those who are able to handle their finances properly a higher deductible lower premium scenario can make a lot of sense.

How to Negotiate to Obtain Cheap Car Insurance

Once you have purchased a car the next wise step that you should take is to purchase car insurance policy. This is not always an easy task to achieve considering that there are various companies out there looking to have your business, but not all of them will come with the best deal that you might be in search of.

Not to mention that you have paid a lot on that car and you know that with a single moment of carelessness one can bring damages to your vehicle, damages that you want to be already covered for. This is the reason that determines all the drivers to resort to car insurance policy, while all of them must know they are required by law to get at least the minimum coverage for their cars.

A good deal on car insurance policy can be obtained in many ways, but there is not a specific plan according to which you should go. Not at all! There are factors that can lead to obtaining lower rates, some of them depending more on you while others are independent of you, such as your age, gender and residential area.

Those factors that depend on you are more related to the skills you have on driving, how much practice you have put into this activity and the brand of car you have decided on buying. This last factor is very often the one that makes many drivers check first with the rates that are set in accordance to the type of the car before buying their vehicle.

If you do not know the factors that influence the decision of car insurance company on setting the rates, then take a look online within various websites discussing about these factors. There are also forums to help you obtain good deals on car insurance purchase. More than this, when starting your online search for the right insurer, you will see that with some companies you are even offered the chance to have a coverage plan that is tailored perfectly for your particular needs. In this way you will find yourself in the position of negotiating for a better deal.

On the other hand, if you are already insured with an agency and you want to find better deals than the policy rates you pay right now, then do some shopping around, compare prices, and then reach for a company that is willing to sell the policy at more affordable costs. When having this on your hands, you can then turn your attention to your current insurers and tell them that you have found a better deal with another insurer and maybe they will be willing to negotiate. If not, then go for the other company.

Another way to negotiate for a better deal would be to ask for your current insurers if there isn’t any discount they might offer for loyal customers. Ask also for discounts offered to policy holders who buy more than one insurance policy with the same company.