Car Motor Insurance For Seniors

August 29 2009 by author in Uncategorized |Comments Off

Reader’s Question:

Do senior citizens still need car motor insurance?

Wayne

Houston TX

A vehicle insurance is not limited to a particular age group. As long as you drive a vehicle, then you should always have car motor insurance. You will need insurance whether your 18 years old or 50 or 75. Whether you drive slow and more so if you drive fast. Being a senior citizen though has its perks. Insurance companies have what is known as mature drivers discount. You can’t get more mature if you’re fifty and above. At this age, expect that you would have lower rates compared to when you were driving a decade ago.

If you are a senior citizen and just starting to buy insurance or switching companies, the discount I mentioned should be automatic. In your application, you will be asked your age so it should be obvious. Just to be sure though, remind the company or your agent that you are qualified for such a discount.

If you already carry insurance, then your agent should be diligent in reviewing the policy and making sure that you can avail of any discount your car motor insurance has. I doubt if the company will actually announce it so be sure to review your policy from time to time. From what I know, a lot of auto insurance companies will give around 5 to 10% discount when a policyholder reaches the age of at least 50 years old.

Of course, it never hurts to be prepared also. There are driving schools that offer defensive driving courses for mature drivers. Insurance companies will offer you discounts on your car motor insurance if you finish such courses. In fact, around two-thirds of states in the US require discounts when such policyholders are able to do so. Further, there are insurance companies that will provide up to a discount of 10% upon completion of such courses.

Uninsured/Underinsured Motorist Coverage- Why You Need It

August 15 2009 by author in Uncategorized |Comments Off

Reader’s Question:

What kind of coverage should I add or apply to my policy if I’m hit by an irresponsible driver who doesn’t have or incapable of compensating me for what he had caused whether in terms of medical or property damage. It makes me worried, with the increasing number of car accidents in our area that I might encounter irresponsible fast drivers and not be able to get compensated for someone’s financial incapability.

Mike

Detroit MI

If the risk is higher for you given the increasing number of auto accidents in your area, there are two practical coverages you could add or include in your policy. Uninsured Motorist and Underinsured Motorist are coverages particularly used to compensate for the car damages, provided that the other party at fault is financially incapable of shouldering responsibility for the damage expenses. Uninsured Motorist pays for the car damages when the driver who had caused the accident doesn’t have liability insurance. Underinsured corresponds to compensation you get when the driver at fault doesn’t have enough liability insurance to pay for the total damages.
Although it’s required in almost all states to get a liability insurance as part of your car insurance policy, it would maybe practical and safe to add those coverage to your current policy if the risk and occurrences for such cases in your area is most likely.

5 Things that Should Always be on Your Car Insurance

August 14 2009 by author in Uncategorized |Comments Off

Reader’s Question:

What is liability insurance? Do I need this? How do I know what kind of coverage I’ll need and what I won’t?

Regis

Cedar Rapids, IA

This is a good question. It is better to understand what type of coverage will work for your needs as early as possible. This can save you a lot of money in the long run. However, there are five important items on your car insurance that you should never go without, namely:

1. Liability Insurance Coverage – Covers for financial liability you can incur should you cause injuries to people or damage/destruction of property during a car accident. It’s recommended that you buy as much liability coverage as you can afford since a typical car accident can be quite an expensive affair.

2. Collision and Comprehensive – Collision pays for damages or loss of your vehicle due to a car accident. Comprehensive will cover damages and loss not relating to a collision such as fire, vandalism, theft, and natural disasters. It’s best to match your collision/comprehensive coverage to your vehicle’s current market value.

3. Personal Injury Protection – Unless you have reliable medical insurance, don’t skip this coverage. This will pay hospitalization, medical, rehabilitation, and even loss of income costs for you and your passengers after a car accident.

4. Underinsured / Uninsured Motorist – Insurance that basically covers the shortfall in the event that the at-fault party has inadequate or no insurance to pay for injuries or damages you incur.

5. Discounts – Discounts are aplenty and can help you get a cheaper car insurance coverage. The number of discounts you can get will depend on what you’re eligible for so always ask your insurance provider about this.

Uninsured And Underinsured Motorist Coverage

July 9 2009 by author in Uncategorized |Comments Off

Reader’s Question:

What does uninsured/underinsured motorist coverage cover?

Brian

Jacksonville, FL

 

It depends on what state you live in and the declaration on your policy. If you want to know what the uninsured/underinsured motorist coverage covers you may read your car insurance policy to know exactly it covers. Generally though, uninsured/underinsured motorist coverage will cover you for the injuries you sustain in an accident but the pain and suffering as well.

Generally underinsured Motorist Bodily Injury covers you, members of your household that is insured and your passengers for injuries, damages or death caused by the driver at fault and with insufficient car insurance. If you get involved in an accident with a driver whose car insurance coverage cannot meet the cost of damages, your car insurance policy will kick in to meet the difference-up to the limit of liability on your car insurance policy.

Uninsured Motorist Bodily Injury pays personal injuries, damages or death to you, the insured members of your household and your passengers for by an at-fault uninsured or hit-and-run motorist. If you get involved in an accident where the other driver who is at fault is uninsured, your car insurance policy will cover your medical expenses, up to the limit on your car insurance policy.

Motor Car Insurance Discounts

June 5 2009 by author in Uncategorized |Comments Off

Reader’s Question:

How can I lower my motor car insurance?

Jean

Glendale, AZ

There are plenty of ways you can lower your motor car insurance premiums. A good insurance agent may have brought it up. But then, it is always good to be on your toes. Below is a list of the discounts you should be aware of.

Owning more than one car and insuring them under one insurance company will likely earn you a discount. This is also applicable if you have many drivers in your family insured under the same company. In the insurance glossary, this is called the Multi-Car or Multi-Driver discount.

You are eligible for a Safe Driver discount if you haven’t had an accident, ticket or claim for the last three to five years or longer. Car insurance companies verify this by digging your driving records.

Make sure that when getting a new car, it is equipped with safety features like airbags, anti-lock braking system and automatic seatbelts. Having these in your car qualifies you for a Safety Features discount. This is one of the easiest to obtain.

Anti-theft devices installed in your car earn you discounts as well. Good if these are already standard features of your car. You can have some of these devices installed for good measure. Disabling devices like fuel or ignition cut-off switches also count.

You can ask about limited discounts too. Taking defensive driving lessons or a safety course can earn you a discount. Though this is limited to some states only, it never hurts to ask your insurance agent if they grant one. Full time students who maintain a grade point average of B and above get awarded with insurance discount.

There may still be some motor car insurance discounts available only to certain companies. Don’t forget to ask your trusted insurance agent.

Cheap Motor Car Insurance

February 9 2009 by author in Uncategorized |Comments Off

Reader’s Question:

I have a friend who’s recommending me an insurance company for cheap car insurance. How can I be sure that this is the cheapest one I can get in the market?

Kaye

Detroit, MI

While getting recommendations from friends, colleagues, and family members on cheap motor car insurance can help you a lot, your best bet is still to get quotes from insurance companies. You can do this by going online and logging on insurance comparison websites. These websites can assure you that you get the most affordable cheap motor car insurance in the industry.

The process is rather easy. All you have to do is log on to an insurance comparison website and fill out a simple form. Some of the data you have to fill out include your personal data, your driving history and the model and make of your car. After a few minutes you will receive your cheap motor car insurance quote. You can be sure that the quote you get is valid because these websites work closely with insurance companies.

You can also browse online discussions and forums on cheap vehicle insurance if you want to get some insights and tips on the cheapest car insurance in the industry today.

Cheap Motor Car Insurance

January 31 2009 by author in Uncategorized |Comments Off

Reader’s Question:

What factors can affect my chances of getting cheap motor car insurance here in Maryland?

Doug

Baltimore, MD

Good question. It is very important to understand what factors can influence your chances of landing a cheap motor car insurance policy. Admittedly, each provider will use their own method to process these factors but they would generally use the following to determine your rates there in Maryland:

Factor# 1. Driver’s Age
The age of the driver has a lot to do with how risky they, and the chances of them getting involved in auto accidents. Teenagers, by far, costs most to insure. Those between the age of 25 to 55 can generally expect to enjoy relatively cheap motor car insurance based on age alone.

Factor# 2. Driving History
Certainly one of the biggest reasons to affect your insurance rates. Companies can look as far back as three to five years worth of driving records to determine whether or not you’re a high-risk driver.

Factor# 3. Credit History
Some companies will dip into your credit or FICO score (without impact to your score) and use that as a means to tell if you may be a high-risk driver.

Factor # 4. The Kind of Car You Drive
Another main factor influencing rates. The type, year,model and manufacturer of your car would have an impact on your premiums.

Factor# 5. Gender And Marital Status
hard to believe at first but females are generally safer drivers. The same can also be said for married individuals.

Motor Car Insurance: Protecting Your Vehicle’s Cash Value

January 30 2009 by author in Uncategorized |Comments Off

Reader’s Question:

Would my motor car insurance pay me if ever my insured vehicle got into an accident here in Alaska, and cannot be fully restored to its original state?

Jarrod

Anchorage, AK

Yes, it is quite possible for you to get reimbursed the remainder amount of your vehicle’s actual cash value, in case your car insurance company is unable to find a repair shop that can fully-restore the insured value of your vehicle after a car accident or a collision. By agreeing to insure you as their customer, your insurance provider is under legal obligation to repair and restore your car back to its “Pre-Loss Value”. To clarify, your insurance coverage does not really cover your vehicle per se, but the monetary value of your vehicle.

You may find that this situation is defined under your insurance agreement as the “Diminished Value” clause. Having this kind of clause is especially beneficial to you, in case you discover on the future that your vehicle was not repaired appropriately, or might have been installed sub-standard motor parts by the insurance company’s repair shop there in Alaska.

There are three types of diminished value that you need to be aware of:

1.Inherent Diminished Value – which basically takes into account the depreciation of your vehicle due to loss of market value, or previously repaired damages from past accidents.

2.Insurance Related Diminished Value – depreciation in the value of your vehicle due to oversights during your vehicles appraisal. “Limitation Replacement” may also apply if the only parts available for replacement are not worth the original ones.

3.Repair Related Diminished Value – applies to the depreciation of your car’s value due to improper repairs done to your vehicle once it is under the insurance company’s charge.

If you’re interested in cheap motor car insurance, you can find cheap motor car insurance quotes and compare offers from many different carriers by using our insurance quote search tool.

Essential Facts About Motor Car Insurance Liability

January 22 2009 by author in Uncategorized |Comments Off

Reader’s Question:

What is “Liability”? Can you tell me why I need to get a car insurance policy with liability here in South Carolina?

Vanessa

Columbia, SC

Liability or Liability insurance to be more accurate is a type of car insurance coverage that protects you from paying huge sums of money if you are sued for causing injuries to people and damages to properties in a car accident. This is by far, one of the most important kind of car insurance coverage that one should get on a policy. In fact, liability insurance is so essential for the well-being of everyone on the road that states have enacted financial responsibility laws, requiring everyone who wish to drive a car to purchase a minimum level of coverage in order to register their vehicles.

South Carolina drivers would need a motor car insurance policy with liability coverage amounts no less than the following:

  • $15,000 to pay for injuries caused to a person per accident
  • $30,000 to cover all people injured per accident
  • $10,000 to pay or damages done to properties

You are, of course, free to purchase higher amounts and is encouraged to do so, since you can be sued for much bigger sums of money in a typical car accident that would very well be beyond what the minimum state levels can cover. One of the best ways to begin searching for the right kind of motor car insurance (with the appropriate levels of coverage) is to run free insurance quote checks using this website. You can compare offers from many different insurance companies to help you find a cheap motor car insurance policy that best fits your needs.

Tips On How You Can Lower Motor Car Insurance Cost

January 18 2009 by author in Uncategorized |Comments Off

Reader’s Question:

In the past few years, I have noticed that my motor car insurance cost is getting bigger. How could I cut back on the cost of my motor car insurance, if I can?

Jerry

Louisville, KY

Many factors make up for the increase of motor car insurance cost. The economy played a big role on this. And with the high prices on everything, cost can even be expected to go higher in the future. To cut back a bit on this prices, one must consider various things that could eventually lower the cost you pay.

1. Say no to monthly premiums. As much as possible, pay your motor car insurance in full. Some companies add interest charged when the payment is made monthly.

2. Keep alterations on a minimum. Some companies charges extra fees when alterations are made on a car. So if not really necessary, try not to modify your car much.

3. Always follow traffic rules. The more traffic violations you have, like over speeding, the more likely your premiums would increase.

4. Report security measures you put in the car. Every device placed in the car like tracker or alarm which makes it less likely to be stolen should be reported to your insurers. These could be a basis to lessen the cost you are paying on your motor car insurance.

5. Know your no claim bonus. No claim bonuses could be use to lessen your payments. Ask your agents about this. If you have more than one car, ask your agents if you could use your no claim bonus to another car.
There are a lot more things that could seem little but could help you lessen the premiums you pay for your cars. The internet has a lot of other resources you could read to know more about them.

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