Car Insurance

Purchasing Car Insurance For The New Year

12/01/2012
By
Car Insurance

The New Year marks a great time to double check you have the right motor insurance. As your life changes, your insurance coverage should as well, but checking your policy is often the last thing on your mind during a life changing event. The wrong coverage could leave you paying more than necessary for coverage and still be left with out-of-pocket expenses in the event of an accident. Purchasing a New Car Check your coverage whenever you buy a new car. Collision and comprehensive coverage should cover the complete value of the new car, not the lesser value of the old one. Also, make sure you have adequate rental car coverage to pay for a comparable replacement vehicle if your car ever has to go into the shop. Purchasing a New House A new house doesn’t seem like the time to check your auto insurance, but it may help...

Read more »

Electric Revolution In The Canadian Auto Sector?

19/11/2011
By
Electric Revolution

Industry leaders are planning for a mass influx of electric cars in Canada in the coming year. Hybrid cars were received well in the country, and aided by government rebates, saw many motorists embrace them. The same is slowly happening with electric cars, and it is anticipated that there will be at least 500,000 electric cars on Canadian roads in 7 years. This number may not be high enough to justify a revolution, but it is a major step. Chances are the units on sale are likely to surpass the given figure. There is a desire with most of the population to shift from oil and gas dependence, fanned by the rising gasoline prices and a shaky economy. A large percentage of car users only need to drive short distances to get to work or run home-related errands. This can be easily done with an electric car, saving on...

Read more »

10 Reasons Insurance is Worth It

01/08/2011
By
insurance is worth

As much as we hate to, paying insurance is one of the necessary evils in life. Yes, it means the insurance companies are filthy rich – especially those with superior legal teams who know every loophole in the book and therefore avoid payouts at all costs, but without them many people would have no safety net. So, while most of us hate parting with our hard earned cash, paying a monthly sum to a broker that may never have to return a single cent in claims, it is still worth it. 1. Health Insurance The importance of having health insurance greatly depends where you live in the world and what health system your government currently has in place. Those living in America find it hard to get even basic health care without insurance, which to people in a number of other countries is hard to comprehend. In the UK...

Read more »

5 Tips for Reducing the Cost of Your Auto Insurance

15/07/2011
By

Auto insurance is one of the rare monthly bills that you actually have some control over. To begin with, you can shop around for insurance to find the best rates. Additionally, there are certain things you can do to lower the cost of your insurance once you have it. You can’t say that about your rent or credit card payments. Where do you begin? Read these five tips for reducing the cost of your auto insurance: Raise your deductible. If you feel safe in knowing that, in the case of an even that requires you to file a claim, you will be willing and able to meet higher deductible requirements, then have your insurance agent raise your deductible amount. Higher deductibles can improve your car insurance cost significantly. Consider carrying only liability coverage on older model vehicles. If your car’s value is less than the amount of ten times...

Read more »

American Sales Down In May

28/06/2011
By

Statistics suggest that US auto sales dipped in May by about .4% over the same month last year and by more than 5% over April. Sales on the retail market were down by about 50,000 vehicles over the previous month, suggesting continued softness in the economy and supply chain woes continue to take their toll. According to the latest seasonally adjusted annualized rate (SAAR) published by Edmunds.com, the overall annualized rate has declined by a million vehicles compared to April’s SAAR. For retail sales, the SAAR for 2011 is now below 10 million cars, trucks and vans. At least some of the decline in sales may be attributed to a reduction in manufacturer incentive programs which have ramped down by about 5% month-over-month and by more than a quarter since the previous May. The natural disasters in Japan, compounded by the disaster at one of that nation’s nuclear plants...

Read more »

How Will You Tackle Rising Motoring Costs

08/04/2011
By
Motoring

The cost of owning a car is jumping every year and while in the past this has been minor skips – in comparison to what we’re currently seeing – for many it’s now no longer financially viable. But every cloud has its silver lining, as they say. It’s important to look at what positive has come out of this. While in the past, car owners would use the car excessively, now drivers are thinking twice before making every journey. And this isn’t a bad thing. Congestion is an increasing problem, and for those who have been working for ways to solve this, the rising cost of owning a car is certainly a blessing. For those who are concerned about the environment, and the effect car usage is having on it, motoring costs will also be seen as a positive. Rising motoring costs mean that drivers are now using the...

Read more »

Three Reasons Your Car is So Expensive to Insure

17/03/2011
By

Several factors are used by car insurance companies to determine how expensive your policy will be. Some of those factors are things you have no control over, like your age and gender. Other factors are based on the type of car you drive. Insurance companies are interested in nationwide trends that show accident rates and safety rankings of the majority of the cars on the road today. These trends help guide the insurance companies so that they can charge rates that are most likely to cover the possibility of an insurance claim. Cars that are expensive to repair or replace will also earn higher rates from most car insurance companies. The best way to control your insurance costs is to understand how the insurance companies determine the costs of each driver individually. Every insurance company stresses certain risk factors differently, so rates on the same car can vary widely...

Read more »