Tag Archives: Insurance

Tips For Comparing Motorcycle Insurance Plans

Motorcycle Insurance vs. Auto Insurance

You will probably find that insuring a motorcycle is quite similar to insuring any other vehicle. Since I assume that many of my readers are familiar with insuring cars, I think it is useful to compare auto and motorcycle policies.

  • If you live in the US, your state sure requires a minimum liability policy. This is to protect the finances of other vehicles on the road. In return, other vehicle operators must carry insurance to protect you. This will be true if you drive a sedan, sports car, RV, or motorcycle!
  • You may also carry more coverage to protect yourself against a loss to your own vehicle. If you still owe money on your bike, your lender will probably require you to have full coverage.
  • Your premiums can be affected by many of the same things that affect auto insurance premiums. Your age, driving record, and the type of motorcycle you ride will probably matter. The way you use your motorcycle may also matter. If you only drive it for a few hours on the week-end, you may be a low mileage rider. If you commute to work every day, on busy city freeways, you may have to pay more.

By now, you should understand that we buy policies to manage our risks. Insurers are experts at figuring out risks. So one of the biggest things that will be different about insuring a bike will be the fact that vehicle insurance companies believe that motorcycles are riskier to operate than cars.

However, insurers are smart enough to realize that a safe bike that is in the hands of a very good rider would probably be a better risk than a rattle-trap of a car in the hands of a bad driver! So there are always things you can do to shop for good coverage, and also to promote yourself as a better risk.

Simple Tips For Comparing Motorcycle Policies And Companies

As with any other type of insurance, most things are regulated at the state level. Beyond that, policies and prices vary by local area. So it is useful to compare plans in your local area. You can find some great websites that will show you the top local companies in your area. You just have to provide a zip code.

After you see the list, you are free to click through to the individual companies to find out more about their prices and coverage options. If you have questions, you will get contact information for your choices. You can call, email, or visit the companies or agents to get more detailed information. If you already pretty savvy about motorcycle policies, you can find companies that will let you buy online or over the phone. This gives you a good blend of using efficient Internet systems and requesting personal service.

You will need to figure out how much you can afford to pay for your coverage, and then balance that against how much you could afford to lose. This will help you figure out your coverage amounts and deductibles.

There is not one perfect motorcycle insurer for every rider. When you shop and compare, you can find the company that will be the best one for you!

7 Tips to Help You Buy Cheap Motorcycle Insurance

It’s important that you the best value for your money when it comes to buying a motorbike insurance policy. Keep in mind that a cheap policy may not provide enough coverage. Given below are a few tips that may help you save money on your motorcycle insurance. Read on to find out more.

Choose a Less Expensive Bike

Older or smaller bikes don’t use that much power as they use smaller engines. As a result, your insurance policy will also be cheap. Actually, most motorbikes are easier to maintain and replace. Aside from this, smaller vehicles don’t cause a lot of injury or damage in an accident. On the other hand, this may not be the case with classic or expensive bikes.

Avoid Modified Motorbikes

Your premiums will put more burdens on your wallet if you have a modified bike. The reason is that these modifications can make it more costly to repair or replace your bike. Plus, these bikes are easier for thieves to steal.

Aside from this, imported vehicles are also more costly when it comes to insurance. Therefore, it’s much better to avoid buying unusual or modified vehicles if you want to be on the safe side.

Limit your Mileage

If you do a lot of riding on your motorcycle, you will have to pay higher insurance premiums. The reason is that you won’t have to go to your insurer to get the repair money. So, limiting your mileage is a great idea.

Pay Annually

You can save a lot of money if you choose to pay your insurance premium in one installment. The reason is that this method will allow you to avoid paying interest.

Improve the Security of your Motorbike

By improving your motorcycle’s security, you can save a lot of money on your insurance policy. Therefore, you may want to equip your vehicle with immobilizer and alarms in order to keep thieves away. Aside from this, you may install a tracker as well. This will help get your bike back if someone steals it.

Although this will cost you money, the money saved on your insurance policy will be much higher.

Park in a Safe Place

You may want to keep your bike in a secure place like your shed or garage. This way your vehicle will be much safer.

Mention the Main Rider of your Motorcycle

If you have an inexperienced or young rider on your insurance policy, you may have to pay higher insurance premiums. On the other hand, an experienced rider will have to pay lower premiums.

Therefore, what you need to do is clearly state the primary rider of your motorcycle. And if you don’t follow this tip, it will be taken as a type of insurance fraud, which will result in your claims being rejected.

In short, these are a few tips that you may want to follow if you are going to buy a motorcycle insurance policy. Hopefully, with these tips, you can buy a cheap insurance policy.

FR44 Insurance in Florida: Smart Tips and Helpful Hints

It has only been since 2008 that Florida requires FR44 insurance for their DUI drivers. Many agents and most consumers are unfamiliar with this policy type. The information here is not well-known and is invaluable to convicted drivers. Securing a lower cost policy and getting your license reinstated quickly is not a problem when you have the right information.

Many companies desire these polices. As a risk group, DUI drivers in Florida have recently proven to be especially profitable for insurance companies. This new realization comes about due to the ease of identifying and assigning results exclusive to DUI drivers because, they are the only ones that require FR44 insurance. Prior to 2008, DUI drivers were included with all other high risk drivers and required Florida SR22 insurance.

The State requirements for FR44 insurance policies, such as elevated liability limits, non-cancel provision, and others, are such that help make them profitable for companies. Therefore, a good number of them are competing with FR44 insurance quotes that have low rates and good terms.

Companies include key policy discounts. Car insurance policies include substantial discounts for high liability limits, paying in advance, and having prior coverage. Even though a DUI driver is mandated to take these options via Florida FR44 insurance, the associated policy discounts are applied. Companies simply make no distinction between drivers voluntarily choosing these options and those compelled to do so. Secure every discount to achieve the lowest rate available and let go of any notion that you do not qualify for any because of a DUI on your record. Policyholders are often surprised and relieved at how affordable FR44 insurance is after discounts are applied.

Several policy types qualify for FR44 filing. A standard car insurance policy, a non-owned vehicle policy, and a recreational vehicle policy are the main types that can include a Florida FR44 filing. Vehicles with less than four wheels are not required to have $10,000 of Personal Injury Protection coverage (PIP insurance) included in their policy which is mandatory for all cars and trucks in Florida, and it is very expensive. A non-owned vehicle policy also excludes PIP. Rates vary greatly between policy types and many consider changing their vehicle or doing without one, especially to take advantage of not having to buy costly PIP coverage. You can receive a citation while driving any type of vehicle. You can comply with Florida FR44 insurance requirements on any type of vehicle, or without one altogether.The State no longer accepts a filing on polices that have vehicles with less than four wheels.

Beware the DMV and Driver License Check Online. Before you can reinstate your license at the DMV the FR44 filing must be electronically transmitted by the insurance company to the Florida Bureau of Financial Responsibility and processing takes about 48 hours. Some drivers have presented a hard copy of the FR44 certificate, to the right clerk at the DMV, and got their license reinstated immediately. It is not uncommon that various clerks at the same DMV location will handle the FR44 reinstatement differently. Even though they are no longer supposed to accept them in person, you might get lucky and walk away with your license too.

Florida’s driver license check online ( https://services.flhsmv.gov/DLCheck/ ) is where many go to retrieve their FR44 case number to be submitted with the insurance application. Once your FR44 has been filed and your license reinstated, if you subsequently check your status online it will show as valid without restrictions or suspensions listed. It is easy to see why many policyholders have prematurely removed the FR44 filing from their policy and subjected themselves to a new suspension and reinstatement fee. When the filing period will expire within 60 days or less a policyholder can submit proof of qualifying converges and limits on company letterhead and substitute this instead of the FR44 certificate.

Expect more from your agent and company. Some companies do not offer new policies with FR44 filing and others cancel existing policyholders who need one. This makes no sense at all because of the profitable results companies enjoy from FR44 polices. Never the less, do not be surprised nor discouraged if you receive a cancel notice or a non-renewal from your current company after receiving a DUI. You can find a reasonable rate and get back on the road with a valid license quickly, as long as you have all the correct information. With such knowledge, you will have no problem finding the right type of policy, from a company you can afford and rely upon.

Car Insurance for Bad Drivers: Four Tips for Lower Rates

If you have bad credit or at fault accidents on your record you probably know that car insurance for bad drivers can be very expensive. Your rates will always be higher than those of someone with good credit and a clean driving record. However, it is possible to get car insurance for bad drivers at reasonable rates. Consider the following five things you should do if you are classified as a bad driver.

Repair Your Credit Report

There are several steps you can take to fix your credit report ratings and score. The following options will get you back on track quickly.

• Pay off any negative items on your credit report.

• Establish new positive credit with prepaid credit cards.

• Take out a new loan and make monthly payments on time.

• Review your report to make sure everything is accurate.

• Update your information with credit bureaus, such as address, phone number, and place of employment.

Improving your credit score can help lower your car insurance for bad driver’s rates. After all half of the cost of your car insurance comes from the rating on your credit report.

Complete a Driver Training Course

Many states offer adult driver training courses. These courses are like a driver’s education for adults. With these courses you can improve your driving skills. If you have had moving violations or at-fault accidents this course can help you learn to drive safer. Learning to drive appropriately will help you avoid any future tickets and hopefully keep you out of future wrecks.

However, these courses also provide you with documentation that you have passed the course and are supposedly a better driver. You can submit this information to your car insurance company. Hopefully your car insurance company will give you a break on your premium due to the fact that you are trying to be a better driver.

Choose a Company with Accident Forgiveness

Many companies offer accident forgiveness today. For each year that you don’t have an accident your insurance rates will decrease. This usually lasts for five years. On some cases you have to be with the company when you have the accident for them to forgive it. However, some companies will allow you to join the program even if you had the accident while you were with a different company.

Shop Around for the Best Rates

Getting the best rate can take time and patience. But if you are prepared to do your homework and compare rates you can lower your premium. Start by searching online, by your zip code, for affordable companies. You can complete car insurance for bad driver’s comparisons of five or more companies at the same time. Once you have the comparison available you need to make sure you are comparing similar quotes.

Check to make sure each quote you compare offers the same deductible, comprehensive or liability coverage levels, and the same medical coverage. One company may offer dirt cheap rates but the coverage levels are way lower than the other companies.

As you can see there are several options for affordable car insurance for bad drivers. The key is to be proactive about finding car insurance you can afford. Companies are going to give you high rates if they think you aren’t aware of your options.

Cheap Car Insurance Tips – Finding The Cheapest Car Insurance Quotes

With car insurance costs becoming higher every year, there are more and more people looking to purchase cheap car insurance. And even though it’s possible to buy low-cost automotive coverage, the big question is whether it’s worth buying.

We all know that automotive insurance firms can differ greatly. Finding cheap auto insurance is great when you are paying the monthly premium, but by making a mistake regarding the company you decide to do business with can lead to many problems in the future, especially when you are trying to file a claim.

Therefore it’s imperative when you are researching different automotive insurance brokers to not only look at the cheapest quotes you can find. It is important to check out the firm carefully which offers these inexpensive rates. Additionally, there are other ways for consumers to cut the cost of their car insurance coverage regardless of which company you are a policyholder.

Here are a few tips that will help you in this matter.

1. Always carefully calculate the deductible. Remember, the amount of the policy will relate to how much you set as the deductible. This is something that very few people take into consideration, however the fact is if you have a good record and do not mind a bigger deductible, you can save on the monthly premium.

2. Make your car safer and less at risk regarding theft. By installing anti-theft devices, you will decrease your risk profile. This relates to having a vehicle that is less expensive to insure. Additionally, driving a vehicle with the latest safety devices can also affect your premiums.

3. Consider consolidating all your insurance policies with one company. There are many firms who will give existing clients discounts if they carry all their insurance needs with them. Inquire if your home or life insurance carrier also has an automotive policy available.

4. Research online diligently. There are many websites around today that allow consumers to do an extensive comparison of different car insurance rates. It’s usually a matter of keying in your zip code, the type of vehicle you drive along with your past driving history including traffic violations.

If you are currently in the market for automotive coverage at a highly reduced rate, performing a little research can go a long way. Websites such as Car Insurance Choice allow consumers to get an instant quote in order to make an informed decision.

Car Insurance Tips for College Students

College is a time of expanding your horizons and learning about how the world works. Unfortunately, that also means that it is a time of increasing expenses and greater responsibility. One of the responsibilities that you’ll encounter that can take a significant toll on your monthly expenses is car insurance. Many students consider the insurance carrier that they used while living at home to be sufficient for their auto insurance needs, but this may not be the case. Just because your parents’ insurance company worked well for them, perhaps even saved them money, doesn’t mean that the same will be true for you. In order to get the best bang for your buck, you’ll have to take the time to do some research, get quotes and make certain that you’re getting what you’re paying for.

Evaluating Current Coverage

Look closely at the car insurance coverage you currently carry and determine if it suits your needs. You might find that you’re paying for insurance that’s appropriate for a new car when in fact you drive an old car that doesn’t have as much value. Insurance companies aren’t going to tell you you’re overpaying. They’re just going to collect the checks. If your vehicle is five years old or older, check its current value at an online vehicle valuation service and compare that to your deductible. If the deductible is $1,000 or more, and the car is only worth $3,000, then it doesn’t make sense to carry full coverage that could cost $100 per month or more. You’ll end up paying more out of pocket for the insurance than the car is worth. You may want to consider reducing your coverage in such a case so that you’ll save some money every month.

Comparing Car Insurance

Occasionally, it’s a good idea to shop around for car insurance rates and see what sort of discounts or lower prices other companies might be offering. If you don’t shop your rates around, you’ll find in time that your insurance company will gradually raise your rates, only to occasionally drop them small amounts during major life milestones, such as turning 25 or getting married. The overall effect, though, is that your insurance rates will gradually increase. Meanwhile, competing insurance companies are all trying to earn your business, so their rates will be quoted lower. The Kanetix.ca auto insurance quotes comparison service is a popular free service.

Every two years, obtain quotes from at least three competing insurance companies, being certain to get quotes that reflect the same level of coverage. Before you move your insurance, though, take the quotes to your current insurance company and ask them if they can beat them. If not, then your best recourse is to switch insurance carriers.

Switching Insurance Carriers

The process of switching insurance carriers is simple during college. If you only carry auto insurance, the process is just that much easier. All you have to do is sign up with the new insurance company, and your new agent will request all the information from your current insurance company. You’ll have a few papers to sign and return in some cases, and then you’ll receive a check in the mail for any insurance from your current insurance company for which you have already paid.

Bundling Insurance

Insurance bundling isn’t just for parents and homeowners. College students can benefit from bundling their insurance products, as well. In the insurance industry, this is known as having multiple lines. It can include renter’s insurance, life insurance and just about any other insurance product you carry. Ask your insurance provider what discounts are available for having multiple lines, and you might just be surprised how much you can save.

Rather than avoiding insurance during college, make certain that your auto insurance is exactly what you need at the time. This way, you’ll not only save money, but you’ll have peace of mind to keep your attention on your studies, as well.

Tips On How To Save Money On Car Insurance

Some things in life are free. Car insurance is not one of those things, and it can be rather darn expensive. Here are some ideas on how to save money on car insurance.

Depending upon what state you live in, having car insurance may not only be a smart way to protect your car, it may also be the law. Certain states require that drivers carry insurance on their vehicle, and for good reason. Car repairs can be very expensive, and most people do not have a few thousand dollars set aside just in case of an accident.

Since car insurance is something we need to spend to money on, we should try to at least save some money while we’re doing it, right?

Here are a few tips to help you save some money on your car insurance bill.

1. Get quotes from more than 1 company. You are severely limiting the money you might save by signing up with the first company you get a quote from.

2. See if your employer has any special relationships that might entitle you to cheaper insurance. Some companies that are only available to groups have incredibly attractive rates and can save you a lot of money.

3. Some companies offer percentage discounts for a good driving record, good grades in school, and defensive driving courses. A defensive driving course might cost you a few hundred bucks, but it might you save you multiples of that over the next few years. Check with the insurance company to see which programs qualify for this discount.

4. Make sure your motor vehicle record doesn’t have any wrong information. Identity thieves have figured out that it is not too difficult to get their moving violations on someone else’s record.

5. Carrying a higher deductible, for example $1000 instead of $500, can lead to lower rates. If you are not prone to having accidents, a higher deductible might be a good choice for you.

6. If you have a teenage driver, consider having them get their own policy. At least get quotes to compare whether they are adding unnecessary expense to your rates.

7. Move to a rural area. This is probably not a viable option, but car insurance does vary heavily by area and state. More densely populated areas oftentimes have much higher rates than rural areas.

8. If your vehicle is completely paid for, you may only need to carry a minimal amount of insurance. Check with your insurance company and state laws to see if you’re required to carry coverage such as liability, collision, or comprehensive coverage.

9. Some car insurance companies will give a discount if you have an alarm or theft-deterrent device installed. If your car doesn’t have one already, consider getting one.

There you have it. A few free tips on how to save money on your car insurance. Some may work for you and some may not, but you won’t know that you’re getting the best rate unless try to implement some of these tips. Good luck in reducing your car insurance bill!

Incredible Tips to Consider When Looking for Cheap Car Insurance

Did you know that there is always an accident taking place every few seconds in the United States and other developed countries globally? Getting reliable and cheap car insurance is therefore one of the most important things as you seek to cover yourself and your car from the possible accidents that could take place as you drive your car. This way you are able to be sure that you are covered and that at the same time you have saved some money in the process.

There are numerous companies online some of which you will find reliable to work with as it is always a mandatory requirement that every car be insured before hitting the road. When looking for a good insurance cover for your car it is important to consider a number of factors such as the benefits it offers you even as you compare the prices. Many people are normally blinded by the price of the cover only to find out that the benefits they were to get from that particular cover are flimsy.

When looking for cheap car insurance, there are various tricks that could be helpful to you so as to identify the ideal one. Below are some of the tips that you should consider in the process:

  • Normally, though there are numerous insurance companies dealing with all types of insurance covers, the truth of the matter is that they all offer the same services though at different rates and benefits. You should therefore do a thorough research in order to identify which company is suitable for you in the light of the cost. The online pages are ideal in giving you a wide range of insurance quotes from a huge selection of companies so as to make your choice.
  • When looking for a cheap car insurance cover, you must understand that the price is affected by the car models and therefore you should consider buying a “low risk car” as high risk ones are normally expensive to insure.
  • You can also be able to procure for inexpensive car insurance by lowering the coverage. For example you should know that old cars do not require the full coverage and therefore a third party policy will be OK in such a case. You should review your policy every time you are renewing it so as to determine what is of importance in the insurance cover and what you can do away with.
  • Cheap car insurance can also be obtained by negotiating for a discount from the company of choice. This can be obtained under certain criterion such as good driving record or multiple car discounts. Carry out some research and know which one affects you and could work well for your case.
  • You should also seek to have your car installed with anti-theft devices. This is one of the best ways to negotiate for cheap car insurance with any company.
  • Inexpensive car insurance can also be obtained by seeking to purchase annual policies instead of half year policies. This is always looked at as if you are buying goods on wholesale and therefore offers you an opportunity to save some money on your car policy.

These are some of the most effective tips that will definitely work for you when looking for cheap car insurance covers. With a huge number of companies offering their services online, getting your ideal company will not be a huge problem.

6 Simple Tips To Lower Your Car Insurance

When it comes to car insurance, there are a lot of myths and misnomers on how to save money. In fact, you can’t really be sure that the advice you receive is going to help or hurt you in the long run.

Here are some tips that can actually help you to save money.

  1. Paying your bill can make a difference. Do you pay your bill through auto pay or do you send in a check? Some companies offer a discount if you allow the insurance company to automatically debit your payment from your account each month. This may seem like small change, but it can really add up over a year or several years.
  2. You can also save money if you can pay your premium in one lump sum rather than in monthly installments. When you pay in installments, your insurance company may tack a convenience fee onto those payments. Over the course of the year, this can increase your insurance payment significantly.
  3. Don’t reduce your coverage to save money. This is very tempting to do. However, many people have ended up paying for this mistake! When you lower your coverage, you also place yourself at risk should you be in an accident. Because of this, many agents advise raising your insurance deductible. This can save you money on your insurance bill, but will not place you or your family at risk should an accident happen. Of course, you should put some money aside in case you may need to pay that deductible. Many deductibles start at $500 and increase incrementally.
  4. Ask for discounts. You would be surprised at the number of discounts that are available on auto insurance policies. In fact, you may be eligible for a premium discount if your car has a certain type of braking system or if your car has a certain type of seat belt. Your children may also receive a discount if they took driver education classes in school. You may also be eligible for a discount if you purchase your home insurance and auto insurance from the same company!
  5. Shop around for the best rates! If you still think that your auto insurance rates are high, you may want to get a free quote from another company. In fact, shopping around for auto insurance is a good way to reduce your premiums. Keep in mind that you want to compare what the same type of coverage will cost between different companies. If you do your shopping online, you can save time as well as money.
  6. Don’t get discouraged. Even if you have had some problems with your driving record, you can still find an affordable policy if you look around. In fact, there are companies that cater to drivers that have a less than perfect driving record. To find such companies, you can look online or in the phone book.

If you follow these tips, you will be sure to find a policy that can save you money as well as provide top notch coverage for you and your family. Good luck!

8 Tips to Save Money on Car Insurance

Since car insurance is costly, most consumers don’t want to use it. Buying the right coverage is important, but it costs more to get a new car insured. Give below are a few tips that can help you save money on your car insurance. Read on.

Annual Rate

You can check out some websites to compare different insurers online. While you can’t get a quote immediately, you will get a reply soon from the agents of the company. You may want to consider making a relationship with a good independent agent. They will help you check rates of tons of carriers.

Pick a Good Insurer

Saving money is not about looking for the lowest premium. Actually, some providers offer lower rates of premium. However, they end up charging you more at the end. As a result, you pay more for replacing the parts of the original equipment. In some cases, the provider may increase your premiums post an accident.

The Deductible

With a higher deductible, you will have to pay lower premiums. The reason is that you will be paying more in case of a claim. For instance, if you increase your deductible to, say, $500 from $200, you can cut down on your premium by 15 to 30%. So, if you choose $1,000, you will be able to save as much as 40%.

Review Your Coverage

Liability coverage will pay for your property damage and bodily injury in an accident. It’s not a good idea to reduce your liability to the minimums set by the state. While buying more coverage can seem a strange way of saving a lot, you can enjoy this benefit only if you have a big, expensive claim. As a result, your life savings are at risk. What you need to do is consider your personal injury medical payments and protection coverage.

Use the Discounts

Keep in mind that car insurance providers offer discounts based on the fact that the client has a low-risk lifestyle, such as students, new drivers, experienced drivers and affinity members, just to name a few.

Multiple-Policy Holders

Some providers offer hefty discounts provided you buy your renters, homeowners or life-insurance policy as well. However, make sure that you consider total costs of single-insurer packages and premiums of various providers.

Good Credit Score

Some states let insurance providers use your credit rating to set your premiums. What you need to do is check and fix errors on your credit report. If your rating has been affected by job loss, divorce or any other reason, you may ask your provider for an exception.

Choose Your Car Carefully

For auto insurers, vehicle damage may cost a lot. Therefore, the premiums are set based on the auto model. You may want to ask your provider for estimates on different car models.

So, we suggest that you check out these 8 tips if you are going to buy car insurance and want to save some cash with the purchase. Hopefully, you will be able to save a lot of money.