Archive for the ‘Car Auto Insurance’ Category

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November 15th, 2011  Posted at   Car Auto Insurance
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There is only so much control a driving instructor has over a training vehicle – learner accidents are likely to occur and instructors need to protect themselves. More importantly, instructors need to select an accurate insurance policy that is applicable to their car and individual circumstances.

There are a lot of policies that are unique to driving instructor insurance. A qualified insurance broker will be alert to these and can help pinpoint the exact policies your specific driving school needs.

Dual Controls – All training vehicles should come with dual controlling pedals as standard. These pedals are difficult to replace should something happen to them. Insurance brokers can guarantee your policy includes dual pedal cover and that while your vehicle is in repair, the courtesy car provided comes equipped with dual controls too.

Learner Car Cover – Some learners prefer to use their own car for lessons and it is important for your policy to cover you for this – especially because the learner car probably won’t have the added safety of dual controls or mirrors.

Off Road Schooling – Instructors often choose to teach underage (15-year-old) learners off-road. If you want to do this then you need your policy to insure you for it. Just because there are no other cars to bump into, a lot can go wrong with a first time driver of that age.

Tuition of Banned Drivers – People retaking their test because they’ve accumulated too many points for driving felonies may be dangerous drivers. Some insurers don’t like to cover instructors for the tuition of these people. If you have pupils who have previously been banned for driving, a broker can make sure your policy protects you while you teach them.

Instructor Training Insurance – While you’re training to be an instructor you will also need insurance. Some driving instructors insurance policies cover you for the duration of your training also. Some policies do not and paying out for a busted dual control pedal before you have even started your instructor business is not ideal. (more…)

November 14th, 2011  Posted at   Car Auto Insurance
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Let’s face it, college is great for learning but college without a car is a lot less fun. What better dream does a senior in high-school have than to own a car? But with that car comes the hassle of insurance rates that are higher for the younger demographic of society because individuals under the age of 25 are statistically proven to be high-risk takers. Is there something that you as a college student can do to keep car insurance rates affordable? Here’s a list of five car insurance do’s and don’ts for all the college drivers out there.

Do’s:

1. Get good grades: Car Insurance companies think that students in general are prone to drive rashly because they are yet learning to drive. In fact, 61% of young drivers admit to having risky driving habits like not wearing a seat-belt. When it comes to making decisions while driving, they seem to be more prone to be distracted and impulsive. However, if a particular student can show that he is responsible, then the insurance company can offer a discount in his car insurance. One of the best ways to prove that you are a careful driver is by maintaining good grades. Some insurance companies offer the “Good Student Discount” for students that have a GPA above a 3.0.

2. Carpooling: A general tip for anyone who is looking to buy car insurance is that you will get a lower premium if you drive less. How much less do you have to drive for it to affect your premium? Most insurance companies reduce premiums if you drive less than 10,000 miles a year. Driving less means less time on the road and therefore a lower probability of getting into an accident. One of the best ways to not just lower the miles you drive but also make friends is by carpooling.

3. Install airbags and anti-theft devices: Any kind of security measure you install in your car will reduce the probability of it being stolen or severely damaged in an accident. Air bags and car alarms are some of the most practical ways you can make driving safer for yourself and save precious dollars off your monthly premium.

4. Maintenance and servicing: Just like buying life insurance is cheaper when you’re in the best of health, buying car insurance is also cheaper when you have a healthy car. Well-maintained cars will not break down easily and give you good mileage too!

5. Buy a used car: There are so many benefits you can enjoy by choosing to buy a used car as your first car. The pain of chipping and denting a brand new car should be reason enough to settle for a used car as your first one. You can save the great SUV or branded super car for later in life when you’ve already established yourself as a good driver with long clean driving record to prove it. However, when you’re starting out with your very first car, make sure it’s used.

According to insurance companies, used cars are less likely to be stolen. If it does break down, its parts are not as expensive as new car parts (even if it’s totaled). It gets even better if you buy a small car because smaller cars have a less powerful engine which makes it less likely to get into a really gruesome accident at a high speed. For all those reasons, insurance companies sell used car insurance at a lower rate. (more…)

November 13th, 2011  Posted at   Car Auto Insurance
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Possibly the most expensive type of car to insure is one that falls into the category of “exotic car.” Insurance for these cars can be as expensive as the cars themselves, and is often very difficult to get.

For a car to be considered “exotic” it usually has to be a sports car, and has to have an extra-ordinarily high market value. This can be due to mechanical capabilities such as high speed and rate of acceleration, or to relative rarity, which most drivers feel brings them a certain type of flair. Most car insurance companies feel that the higher the value of the car, the higher the risk they take, and consequently, the higher they have to make their premiums. So you can imagine how extremely high insurance costs for exotic cars can be. Yet, like any other vehicle you own, insurance is mandatory. So how are you supposed to find good coverage, or even any coverage, when there are so few companies willing to take on the risk of insuring such a valuable possession?

Finding a willing insurance company is just the first hurdle; even harder is getting a good deal on an insurance policy. The companies that are willing to ensure exotic cars are counting on you feeling like your options are limited, and can use that to their advantage; playing hard ball with you to ensure higher premiums than necessary. You should always obtain all of the information that you can before looking for exotic car insurance, such as what rates any competitor may charge, and what going insurance for vehicles similar to yours is.

One important question to ask a potential insurance company is why the insurance will be so expensive. Exotic cars are very valuable and, therefore, can represent a greater risk financial loss to the company should something happen, and they are forced to pay out on the resulting claim. Exotic cars are generally very capable vehicles, in terms of speed. As such, they carry a statistically proven higher risk of accident. This is often due to misuse of the vehicle by over-zealous drivers, so having a clean or minimal accident record will give a potential insurance company greater confidence in your ability to handle a sports car safely and responsibly.

Also, the more experienced a driver you are, the better a position this puts you in to get a smaller premium. After all, the smaller the risk associated, the less they will have to charge you. In addition, as with most types of auto insurance, it will be better if you plan to drive your exotic car less. A second car for little things, like trips to the grocery store, is a great idea. Better to save the use of the exotic car to special occasions, car shows, and similar events. This will not only reduce your mileage, but also your premiums! (more…)

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