Posts tagged insurance quotes

Lowest and cheapest car insurance comparison from Geico, Allstate, Progressive, and Nationwide.

Posted by Susan Cooper in Auto Insurance

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Which company has the best price on auto insurance?

An easy way to save money without much effort is by changing your car insurance provider. It is always a good idea to shop around for the best coverage at the best price with it is time to renew your car insurance policy

grey loader Lowest and cheapest car insurance comparison from Geico, Allstate, Progressive, and Nationwide.

. For most people, this means every six months.

Shopping around for auto insurance does not have to be as difficult as you may imagine. There are a few primary factors that you should consider while shopping for car insurance. These factors are type of coverage, coverage amounts, premiums, and deductibles.  Here is a brief description of these terms:

Coverage: Liability or Liability and collision? Liability covers the expenses of the other vehicle(s) involved in an accident if you are at fault. Liability does not cover damage expense to your vehicle.

Coverage amounts: This is usually presented as three numbers such as 30/60/30. The numbers represent bodily injury per person, per incident, and property damage respectively.

Premiums: Simply how much you are to pay each month or every six months

Deductibles:  Your out-of-pocket expense if you are ever involved in an accident.

Compare these factors with insurance companies such as Geico, Allstate, Progressive, and Nationwide to get the bet price on auto insurance.

Car insurance premiums fluctuate daily between car insurance companies. This is why it is always a good idea to check back every time your policy is up for renewal because you will find that the insurance company with the lowest rates will most likely differ every time that you call.

For more great tips on how to save money on common every day expenses such as car insurance, check back with Healthy Financial Habits. Our team is dedicated to helping you save money.

Author: Mike Smitt

Source: www.healthyfinancialhabits.com

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Hot car? Insurance will burn

Posted by Susan Cooper in Car Insurance

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Hot car? Insurance will burn

Look no further for something to blame for high auto insurance payments.

You’ll find one of them staring back at you from any mirror. You’ll find the other sitting in your driveway.

Even good drivers with good records can go directly to high-premium purgatory if they buy a car with a bad reputation. Or a lot of horsepower. Or even high repair bills.

And if you happen to buy something that tends to make car thieves drool, get ready to pay.

As fair-weather car shopping season gets under way, it pays to remember the costs that go far beyond the sticker price, and to factor in the actuarial impacts of that supercharged dream machine.

This year, Insure.com’s annual ranking of average car premiums predictably found a lot of muscle and high-priced metal at the upper end, and a slew of vans, wagons and utility vehicles at the low end. That Porsche 911 Carrera GT2 — get ready to shell out about $2,300 a year in Delaware, still well under the national average of $2,900 a year for a GT2.

Drive away in a two-wheel-drive Mazda Tribute I, and it’ll be just $1,131 in Delaware.

The average U.S. driver pays about $850 a year, Insurance.com says.

The study based its average on a single 40-year-old male driver who commutes 12 miles to work, with a good driving record. Policy limits were set at $100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident. The deductible on collision and comprehensive coverage was $500.

Within vehicle categories, the insurance bargains were the Dodge Caliber (passenger car); the GMC Canyon WT (pickup); and the Honda Odyssey LX (minivan).

Of course, location can have a big impact on those rates, depending on each state’s court system and even its judges. The survey found that Louisiana has the highest average rates in the nation, followed by Michigan. Maine has some of the lowest rates.

Delaware ranked about in the middle of the pack — 27th — with an average premium of $1,405.80.

Louisiana’s rates are so high, the study said, because of the way the courts handle accident lawsuits. Because only suits with claims in excess of $50,000 receive a jury trial, many are settled out of court for close to that amount, leading to pricey accident settlements and high insurance costs. Maine is so low because the rural state’s highways are not crowded, cutting back on crashes.

Just as with the other costs of owning a car, insurance premiums in general have been rising. A study this year by the American Automobile Association found that the average cost

Source: The News Journal

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A Look at Car Insurance Rates in Alberta, Ontario and Quebec

Posted by Susan Cooper in Insurance

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A Look at Car Insurance Rates in Alberta, Ontario and Quebec

A Look at Car Insurance Rates in Alberta, Ontario and Quebec

Toronto, ON, April 16, 2010 — Today, Kanetix®  Canada’s online marketplace for insurance quotes and mortgage rates, released the results of its quarterly review of auto insurance in Alberta, Ontario and Quebec. Rates quoted dropped slightly in Alberta and Quebec but increased by almost 12 per cent in Ontario in Q1 2010 compared to Q1 2009.

Alberta
The results in Alberta showed the rates quoted decreased 1.6 per cent. This result is consistent with the industry-wide reduction of premiums implemented on November 1, 2009 for mandatory basic auto insurance. As well, almost three-quarters of the shoppers getting quotes indicated that they changed their tires seasonally; taking advantage of a new discount that can help a shopper save up to 5 per cent.

Ontario
In Ontario, an 11.6 per cent increase was observed, suggesting that Ontario drivers are feeling the effects of auto insurance rate increases approved in 2009. Reforms have been announced which, it is anticipated, could slow or possibly even reverse rate increases. These changes are not expected to come into effect until the second half of 2010.

Quebec
Quebec drivers obtained quotes that were 4.6 per cent lower this year than last. Like Alberta, Quebec drivers used Kanetix to explore their money-saving discount options. In particular, more people (6 per cent) opted to see how much could be saved with a two-year policy commitment. In addition, 7 per cent more quotes were obtained by shoppers willing to bundle their home insurance with their auto insurer making them eligible for the multi-line discount.

“Policyholders should explore their options annually to see if money-saving opportunities are available,” says George Small, Co-founder of Kanetix Ltd. “It doesn’t matter if they live in Alberta, Ontario or Quebec. Drivers should compare their insurance rates and coverage with other options on an annual basis. Comparison shopping provides drivers an opportunity to find a better fit, or new opportunities to save, like previously unavailable discounts.”

Drivers should keep the following tips in mind to help get the lowest possible auto insurance rate:

Consider discounts
There may be discounts that you are not already getting that you may be eligible to receive. For example, some insurers offer a discount if you change your tires seasonally saving you up to 5 per cent.

Think about raising your deductibles
Policyholders with deductibles set to $500 could save up to 5 per cent by raising them to $1,000. Keep it affordable though because this is how much you’ll have to cover should you need to submit a claim.

Don’t pay for optional coverage you do not need
Review your policy to see if there are optional coverages or features included in your current policy that you may not need. For example, if you drive an older car you may no longer want best auto insurance.

Consider the cost of paying monthly
You could save money by paying your annual premium all at once, instead of setting up a monthly payment plan. Many companies will charge you a little extra to cover the cost of administering your payments every month.

About the quarterly review
Intended as a tool to spot and highlight the pricing trends of car insurance, the Kanetix review is released quarterly. Kanetix believes this to be an accurate reflection of what consumers are seeing when they get their renewal notice, and what they see when they shop around. The study includes all drivers, regardless of their driving or insurance history, and is based on the lowest rate quoted, no matter which company provided it (e.g. direct writing companies or broker-based insurers).

The results are determined by comparing the average lowest auto insurance premium quoted online in each province through Kanetix in Q1 2010 with the average from the same period in 2009. The results, and interpretations, are based on the information as entered by the shopper and may not represent their accurate driving profile or vehicle data. As such, Kanetix can make no representation or warranty, either expressed or implied, as to the accuracy of this information.
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