Monthly Archives: September 2015

Can Choosing A High Deductible Save You Money?

The cost of auto insurance differs by hundreds depending on where you shop. A High Deductible can make a big difference in how much you pay each month on premiums. What is an insurance deductible? When you choose an auto insurance policy you decide how much you are prepared to pay out of your own pocket if you are involved in an accident – after which the insurance company comes up with the balance. In general the higher your deductible the lower your monthly rates are going to be. Continue reading

What is Collision Coverage Insurance?

What is collision coverage insurance and why do you need it? Collision coverage is a type of insurance coverage that helps pay for all kinds of damages or even the replacement of your vehicle when you are in an accident. This is true even if your car overturns and even if it is your fault, the other driver’s fault or when it’s not clear who is to blame. Collision coverage insurance is optional in most cases. However, drivers who are trying to score points on a car loan application may find that collision coverage is mandatory. You will need to pay a deductible for this kind of coverage each time you make a claim. Continue reading

The Cheapest Car Insurance Premiums

Car insurance premiums differ across a wide range of criteria but your choice of car can make a big difference to how much you pay on your insurance rates. The ultimate cost of you auto insurance depends on factors as diverse as where you live, how you drive and your credit rating as well as the value of your car. Luxury models packed with safety features will cost more than no-frills models because it will cost more to fix them and such cars are more likely to get damaged. However, according to a recent 2004 survey certain models of car saved consumers money on their auto insurance rates. (Don’t forget that your mileage may influence the ultimate cost of your car insurance premiums). Continue reading

How to File an Auto Insurance Claim

The first step to filing an Auto Insurance Claim is to decide whether you should file one. Scarily enough, in some cases all it takes is a call to your insurer to enquire about filing a claim and it is noted on your record. It is in your best interests to keep your scorecard as clean as possible so before you grab that phone decide if filing a claim is justified. If you are able to foot the bill with room to spare don’t file a claim. The next step is to fill out a ‘What to do After an Auto Accident Worksheet’. You can print one out online and it will help you to track the progress of your Auto Insurance Claim. It is important to document each and every detail of the accident step-by-step. You may also want to find any witnesses that will testify on your behalf. Continue reading

Split Limits Liability Coverage vs. Single Limit Liability Coverage

The level of split limits liability coverage you carry on your insurance policy could determine what kind of auto insurance coverage you have access to in the event of a serious accident. With a combined single limit insurance policy you choose only one liability coverage limit. In contrast, split limit policies allow a choice of three limits. A combined single limit policy differs from split limits liability coverage in that combined single limit coverage allows you one amount of coverage. You will be able to use this money as needed. A split limit policy allows you to split the insurance coverage amount. Continue reading

Tips on Buying Rental Car Insurance

What about Rental Car Insurance? Whether or not to buy a collision damage waiver is a hot topic for many travelers. A collision damage waiver or CDW will cover drivers for damages to the rental car if you get into an accident. But is it ‘real’ insurance? In fact, a CDW is really just an extension of your car rental agreement which provides for your personal liability for damages to the car. A collision damage waiver will cost you money and according to the Western Insurance Information Service (WIIS) you should do the following before signing on the dotted line for rental car insurance. Continue reading