How to Protect Your New Car

Written on December 15, 2011 – 2:28 pm | by |

So you’ve bought a new car and you are ready to drive it regularly; what is the next step? The next step would be to find the right car insurance policy. Depending on your needs and wants, you may need different amounts of insurance coverage for your car. The best way to get the right car insurance for your new car is by following the steps we are going to discuss in this article.

Getting the best car insurance policy is certainly your top priority, so go online and use available online car insurance search tools to help you find deals and quotes from multiple insurance companies near you. You will have no trouble at all getting the right insurance policy that can fulfill your needs perfectly.

Since the car is new, make sure you get both comprehensive and collision coverage. Comprehensive coverage can help protect your car from theft and disasters. Collision coverage, as the name suggests, offers protection against damages and personal injuries caused by an accident, along with third-party liability coverage as well.

Next, see if you need additional insurance policies to further protect your car. If you are financing the car using auto loans, for example, you may want to consider taking out a suitable GAP insurance. GAP insurance is an insurance policy designed to pay the gap between your car’s actual value at the event of an accident and the total amount of money you still have to pay in order to repay the auto loan.

Minimum Car Insurance Limits

Written on November 15, 2011 – 2:29 pm | by |

Depending on where you live, there might be regulations that control minimum amount of car insurance coverage required. These legal requirements must be met if you want to regularly drive a car. There are certain limits usually included in the regulation, and we are going to discuss some of them in this article.

The main point you should pay close attention to is the minimum car liability limit regulated by your local government. In the United States, the limit is set individually for each state. European countries including UK have nation-wide limit to be met.

Car liability limit is basically a limit set to make sure you have enough liability coverage. It may not be the best coverage for everyone, but it is certainly a limit that must be met nonetheless. In most cases, you would need more amount of car liability coverage in order to stay financially safe at all times.

Another regulated limit you must pay close attention to is the limit on personal injury coverage for both the driver and other parties that might be involved in the accident. This type of coverage handles all your medical bills along with possible medical bills of people who are involved in the car accident.

Even when you already have a health insurance policy in force, you will still need the right amount of personal injury coverage from your car insurance policy. A good rule of thumb is to have at least £100,000 personal injury coverage per body or a total of £300,000 personal injury coverage per accident.

Car Insurance: Bulk Discounts

Written on October 15, 2011 – 2:29 pm | by |

There are a lot of ways you can lower your car insurance premium, but one of my favorite is to get bulk discounts. You can actually save up to 70% on your car insurance premium when you buy it in bulk. To help you get started, here are how you can get the available bulk discounts easily.

If you have more than one car you would like to insure, you can actually get multiple cars discount. A lot of people have enjoyed getting maximum car insurance coverage for both their cars at the price of one, and you can enjoy the same deal too. Simply negotiate better deal with your insurance company or insurance agent. You can easily get 50% off your car insurance premium amount when insuring multiple cars.

You can also get discounts by buying car insurance from the same insurance company providing you with home insurance, health insurance, and other types of insurance policies. The insurance company will throw in up to 50% discount on your car insurance premium as well, which means you can save a lot of money by taking this course of action. In most cases, your other insurance policies will get discounts as well, making the deal even more beneficial.

Last but certainly not least, consider joining forces with your colleagues or relatives and buy car insurance as a group. You will be able to get generous discounts when you buy car insurance policies from one company as a group, plus you will be able to keep the car insurance in force easily.

More Car Insurance Money Saving Tips

Written on September 12, 2011 – 2:30 pm | by |

We’ve looked at two of the easiest tips you can apply in order to enjoy better car insurance at a very affordable rate. In this part, we are going to talk about some more tips you can use to further lower your car insurance premium and make buying car insurance even easier.

Security devices – mainly car alarms and GPS tracking devices – are fantastic not only to protect your car but also to help you lower your car insurance premium. You will be able to save up to 15% on your car insurance premium just by having the right car alarm installed according to the insurance company’s requirements. GPS tracking devices are even better, allowing you to find your car when it is stolen easily; you will get further discount with GPS tracking device installed.

Mileage is another important risk factor you should pay close attention to. By calculating your annual mileage properly, you will be able to get maximum coverage without paying too much on car insurance premium. If you want to enjoy an even lower car insurance premium amount, you can also drive less and lower your annual mileage.

Don’t forget to look into the car insurance policy you are getting closely and eliminate insurance coverage you don’t really need. For example, you can save up to 20% by simply removing roadside assistance and car rental coverage from your car insurance policy. Make sure you stick to the coverage you need and you will be able to enjoy the best car insurance coverage affordably.