All posts in March 2015

Car Insurance News People Wary Of Data-Driven Insurance Rates

By como on

Recent car insurance news indicates that more and more people are wary of having car insurance rates dictated by updated driving data coming from drivers. This according to a survey recently given among drivers to determine whether they approve of insurance rates being dependent on driving data being collected from them via a device installed into their cars.

Several insurance companies have suggested on basing insurance quotes and rates on the updated data that they collect from drivers. This can be made possible by installing a device or a computer chip into vehicles that can record and send data about a car owners driving behavior. The survey showed that just over half of the respondents agree with setting car insurance rates by evaluating actual driving data via on-board telematics devices plugged directly into the electronic port of cars. Not only are current driving behavior data being collected, but also the drivers accident and traffic violation history may be used to help set rates. This recent car insurance news may just someday change the way insurance providers set an individuals car insurance rate.

But on the other hand, there is also the other half of consumers that may be concerned of such actions made by the car insurance companies. By taking data directly from vehicles and collecting information such as speed, mileage and even braking data, some consumers are concerned about a possible invasion of their privacy.

Insurance providers have been looking for ways to get more accurate data that will enable them to set more accurate car insurance rates. Data such as car mileage and driving history are already being used by most car insurance providers to help the set rates. But in the case of car mileage, the information used usually comes in the form as estimates given by the policyholders. Most of the time, such estimates may have certain possible inaccuracies that may affect precise setting of the rates.

If you wish to obtain more of such car insurance news, you may want to check into some car insurance company news websites for further updates.

Young Drivers Car Insurance Quotes By 4thelads

By como on

In UK if your child below 18 wants car insurance at cheaper rates that is very tough. Getting young drivers car insurance quotes which are low-priced can seem to be a trial. The cost of motor coverage has risen dramatically in recent years and this is particularly true for motorists under the age of 25. If you are looking to find cheap car insurance for young drivers then visit 4thelads.ie which finds out the ways that can reduce your car insurance costs significantly. Get your car insurance from 4thelads because they provide you various discounts and give cheaper young driver car insurance quotes.

Safety courses are a good way to get a decrease in young drivers car insurance quotes. In some states you will have to comprehensive drivers teaching classes before you will be granted a temporary license. You can further improve your driving skills by taking further instruction. In the UK there is the “Pass Plus” program which you can take after you have increased your full license. This teaches advanced driving skills such as night driving and how to drive on the motorways. Progressive courses such as these are recognized by many insurers who regularly offer discounts to young drivers who have completed them.

Good grades are an important factor in being offered competitive Young Driver Car Insurance Quotes. Insurance companies recognize that student motorists who have a good educational standard are less likely to make a right against their policies. If you can maintain a grade B normal you may be eligible for cheaper rates and reduced premiums. Insurance providers may insist that you deliver proof of your grade average in order to succeed for this discount.

Limited usage policies offer an effective way of lowering the cost of covering your vehicle. Several insurers offer limited usage policies to their younger customers. The limits placed upon you vary from company to company. They may include a condition that you may not carry other teenage passengers with you in your vehicle. That you may only drive during incomplete times off the day. There may be a limit on the total number of miles that you drive in the year.

To sum up, Car Insurance quotes can be reduced significantly by using the advice outlined above. Safety courses, upholding good grades and limited usage policies are all real methods of plummeting the insurance percentages of younger drivers.

How To Settle Hassle Free Car Insurance Claims

By como on

Some people are hesitant to go in for insurance cover for fear of difficulties in settling their claims. This is due to the difficulty in understanding the legal terms associated with the claim and the stringent procedures to be followed to get the claim settled. There are certain compulsions in certain fields like that of car insurance. It is statutory requirement to go in for car insurance. Along with comprehensive car insurance it is mandatory to take third-party car insurance. So the moment you think of buying a car, the first and foremost pre-requisite is to buy a comprehensive car insurance policy to fulfill your statutory requirement so also to fulfill obligations towards third-party liabilities to overcome your financial security by seeking compensation for individual and third-party insurance, which at times may extend to lakhs and even tens of lakhs of rupees.

Settlement of Claims
Now to attend to your specific worries for settlement of claims! With a lot of facilities under competition offered by various service providers, regulated by government rules and regulations, your claims are in safe hands. But, firstly, there is no short cut to your going through the insurance documents thoroughly to follow for proper benefits at the needed hour. A resume of the procedure for settlement of claims promptly and satisfactorily is given hereunder.

Auto Insurance Claims
The moment you meet with a casualty and the claim becomes due, expeditiously inform your help line number provided by your insurance company. The companys call centre executive would help you expedite your claims. You can intimate your claim also through sms or email. Following may have to be furnished immediately while you intimate about your claim:

Policy Number
Name of Insured person
Contact Numbers and address of insured person
Vehicle number
Make and Model of car
Garage Name and contact details
Date, Time and place of accident
A resume of how the accident occurred
Approximate Extent of loss
Address and contact details of the individual intimating about claim
Whether it is Car Insurance claim
Whether it is self damage claim
Whether it is theft claims
Whether it is third-party claim

Online Car Insurance India
It is always better to opt for online car insurance (India). Online option pays much. It gives the choice of a good number of variants, with good quality, cost-effectiveness, efficiency and better choice for early settlement of claims. Call for some quotes, analyze them and choose the best option as per specifications.

Compare Car Insurance Policy Quotes the Simple Way

By como on

If you’d like to obtain the cheapest car insurance, you have to compare car insurance rates from different insurance firms. Here’s the quickest and easiest way to do that.

The very best strategy to find the least expensive car insurance rate is to compare car insurance policy rates from multiple companies. In this article I’ll show you how to do that quickly and effortlessly.

Comparing Quotes

In the days preceding the World-Wide-Web, you needed to phone many different insurance agents and answer a whole lot of questions to be able to get sufficient quotes to get a cheap quote. Now, thanks to the World Wide Web, comparing auto insurance policy quotes is easy.

Because prices can vary by $1,000 or more from company to company, you need to pay a visit to an insurance comparison website where you can obtain quotes from many different auto insurance companies.

Not only can you receive a number of rate quotes from these websites, several of these sites are offering money-saving tips in their “Articles” section, and offer an online chat feature and toll-free telephone support which means you can receive answers to your inquiries from an insurance specialist.

Insurance Discounts

In order to get your car insurance rate quotes, you’ll need to fill out a simple form where you are able to list all the discounts and deductibles you would like. Here’s how to save the most money:

Increase your deductible. This could save you as much as 55% on the price of your insurance policy.

Bundle your insurance policies – By placing your homeowners insurance and your automobile insurance through the same insurance company, you could save as much as 15% on your insurance coverage cost.

Install security devices – Outfitting your car with a car alarm or other theft-prevention devices can get you a sizeable discount.

Eliminate unnecessary coverage – Consider getting rid of your comprehensive plus collision coverage if your vehicle is over 5 years old, or if the price of your annual premium is the same as the value of your car.

Car Insurance Companies

Before you purchase insurance you need to be certain the company you select has a favorable insurance claims history and first rate customer support. Use these sites to help you determine if a company is a good one to insure your car with.

1. Your state’s department of insurance site will show you how many complaints were lodged against an insurance company.

2. J.D. Power and Associate’s site provides you with consumer ratings.

3. The A.M. Best (ambest.com) site provides you with a company’s financial and credit ratings.

By taking these extra steps, you will know that you’re not only getting the lowest rate, but that you are getting a dependable company.

Car Insurance In Uae- Things You Must Know

By como on

So your Car Registration is due to expire and you are poised to do something about it. First thing you would need is to find a Suitable Car insurance Company.
Starting point is Knowing type of Insurance you need i.e. comprehensive or TPL .Information on these is common in east and west , on Google or Bing.
However, see below, these are sticky points, the small print, keep in mind to turn these points into questions when you call or browse online for your car insurance in UAE.

1.Maximum Liability Clause

This is a maximum amount which your insurance company is willing to pay in case of accident. Very important point here is that this value should be a lot more than your cars insured value. AED 250,000 is a good bench mark. Do ask your insurer about this.

2.Off Road Cover

This would be the case if you are a proud owner of 4×4. Most standard car insurance policies do not cover Off Road driving. Make sure you are covered if you are planning to drive off road.

3.Issue of Named Driver on Insurance Policy

In west, you have to name a driver on your car insurance policy to drive you car for example your wife , however in UAE, this is bit relaxed, but as the saying goes nothing is free in this world, this comes with a clause. You could be charged up to 25% if your car collided when driven by your spouse. This is increased even further if your spouse, friend, or whoever was driving with your permission was less than 25years old. However Insurance Companies have different policy on these; do ask before you are insured.

4.Issue of Excess

Excess is minimum amount which you must pay if you are involved in an accident. Questions which you must ask your insurance company is how much is your excess, is it payable even if accident is not your fault, insist on standard excess which is AED250 for a Saloon and AED350 for 4X4. Expect a higher excess if you are lucky owner of expensive vehicle. Sports and two door vehicles invariably attract higher excess which could be as much as AED1500. Note, this question is worth asking.

We wish you a safe and enjoyable driving experience in UAE.