» Auto Insurance http://nwiquotes.com Tue, 20 Jul 2010 17:56:29 +0000 en hourly 1 http://wordpress.org/?v=3.0 Ways to Reduce Your Auto Insurance Premium http://nwiquotes.com/2009/12/ways-to-reduce-your-auto-insurance-premium/ http://nwiquotes.com/2009/12/ways-to-reduce-your-auto-insurance-premium/#comments Fri, 18 Dec 2009 16:03:00 +0000 Administrator http://nwiquotes.com/?p=55 Ways to Reduce Your Auto Insurance Premium
By
State Farm® agent
If you’re like me, you’re always looking for a smart way to save money. Sometimes, saving money can come in the most unlikely place – such as your insurance.
There are several ways you may be able to cut your auto insurance costs. Higher deductibles can lower your premium as will selecting only the coverage you feel you need. Many insurance companies offer different discounts. When shopping for auto insurance, be sure to ask about the availability of these discounts and whether the insurer offers them.
New business discount: May offer you a discount as a new policyholder if you have been accident-free for a specific period of time.
Accident-free: Policyholders who have been accident-free while being insured with the same insurance company for several years may be eligible for reduced premiums.
Discounts for other insurance lines: Premiums may be reduced if you insure your home, life or health with the same company that covers your car.
Multiple cars: Premiums may be reduced if there are two or more private passenger cars in the household insured by the same company.
Air bag/passive restraint: Cars that are 1993 or older and are equipped with air bags or automatic seat belts may receive this discount. Certain makes and models of newer vehicles may receive the Vehicle Safety Discount because of the lower medical payments associated with them. The Vehicle Safety Discount is for autos 1994 or newer. Certain makes and models may have a decrease in their premiums because of lower medical payments associated with those specific makes/models.
Antitheft devices: Some insurance companies offer discounts on comprehensive coverage premiums when certain antitheft devices are installed or built into a vehicle.
Defensive driving course: Premium discounts sometimes are offered for the voluntary completion of specified driver improvement courses.
Good student: Full-time students (high school or higher level) maintaining at least a “B” average may qualify for reduced premiums with many companies.
These are just a few of the common discounts offered by insurance companies. For more details contact your insurance company or agent. Above all, drive safely.
If you’re like me, you’re always looking for a smart way to save money. Sometimes, saving money can come in the most unlikely place – such as your insurance.
There are several ways you may be able to cut your auto insurance costs. Higher deductibles can lower your premium as will selecting only the coverage you feel you need. Many insurance companies offer different discounts. When shopping for auto insurance, be sure to ask about the availability of these discounts and whether the insurer offers them.
New business discount: May offer you a discount as a new policyholder if you have been accident-free for a specific period of time.
Accident-free: Policyholders who have been accident-free while being insured with the same insurance company for several years may be eligible for reduced premiums.
Discounts for other insurance lines: Premiums may be reduced if you insure your home, life or health with the same company that covers your car.
Multiple cars: Premiums may be reduced if there are two or more private passenger cars in the household insured by the same company.
Air bag/passive restraint: Cars that are 1993 or older and are equipped with air bags or automatic seat belts may receive this discount. Certain makes and models of newer vehicles may receive the Vehicle Safety Discount because of the lower medical payments associated with them. The Vehicle Safety Discount is for autos 1994 or newer. Certain makes and models may have a decrease in their premiums because of lower medical payments associated with those specific makes/models.
Antitheft devices: Some insurance companies offer discounts on comprehensive coverage premiums when certain antitheft devices are installed or built into a vehicle.
Defensive driving course: Premium discounts sometimes are offered for the voluntary completion of specified driver improvement courses.
Good student: Full-time students (high school or higher level) maintaining at least a “B” average may qualify for reduced premiums with many companies.
These are just a few of the common discounts offered by insurance companies. For more details contact your insurance company or agent. Compare your current rate with a new auto quote.  Above all, drive safely.
]]> http://nwiquotes.com/2009/12/ways-to-reduce-your-auto-insurance-premium/feed/ 5 Part C- Uninsured Motorist Coverage http://nwiquotes.com/2009/12/auto-insurance-part-c-uninsured-motorist-coverage/ http://nwiquotes.com/2009/12/auto-insurance-part-c-uninsured-motorist-coverage/#comments Mon, 14 Dec 2009 14:38:52 +0000 Administrator http://nwiquotes.com/?p=51 Indiana state minimum auto liability covers $25,000 bodily injury, per person, $50,000 aggregate bodily injury and $10,000 property damage. Uninsured or underinsured coverage provides protection in the event there are claims over and above the limits of the insured. During your review or when getting a new auto quote double check that your un/underinsured coverage is set where you need it.
Uninsured motorist coverage is designed to reimburse the insured for amounts due from negligent drivers who do not carry insurance. Originally, this coverage was for bodily injury only but has now expanded to include underinsured drivers- that is, those who were insured but carry limits of of liability too low. An uninsured vehicle is one that has no liability coverage.
Cover Persons include:
1. the named insured and any family member while driving/ riding in an owned auto insured under this policy.
2. driving or riding in a nonowned auto
3. traveling as a pedestrian
-or-
4. any other person while occupying an auto covered under the insureds auto policy
Uninsured motorist is a person operating an uninsured motor vehicle. The uninsured motor vehicle is:
1. neither bonded nor insured for bodily injury liability at the time of the accident
2. if insured, is covered for bodily injury liability inadequate to meet the financial responsibility requirements of the state in which the named insured’s  auto is insured.
A motor vehicle is not considered to be an uninsured motor vehicle if it is:
1. owned by or furnished for the regular use of the named insured or a family member
2. owned by a qualified self-insurer under any motor vehicle law.
3. an off-road type vehicle when not in use on a public road
4. owned by a government unit
5. a rail type vehicle
-or-
6. located for use as a residence
Uninsured motorist coverage is not provided for bodily injury covered under applicable workers’ compensation or disability laws.
Underinsured motorist coverage, known as UIM, fills in any gaps that may exist between an underinsured motorist’s bodily injury insurance limit and the damages for bodily injury the insured is legally entitled to recover, if greater. This coverage pays and insured who suffers bodily injury when struck by an at-fault driver who has some but not enough liability coverage to pay for damages.
]]> http://nwiquotes.com/2009/12/auto-insurance-part-c-uninsured-motorist-coverage/feed/ 2 Auto Insurance part A: Liability coverage http://nwiquotes.com/2009/11/auto-insurance-part-a-liability-coverage/ http://nwiquotes.com/2009/11/auto-insurance-part-a-liability-coverage/#comments Sat, 21 Nov 2009 21:20:18 +0000 Administrator http://nwiquotes.com/?p=26 When an agent quoting an auto policy starts explaining the coverage how often does the customer understand the numbers? What does 100/300/100 mean? Part A of standard auto policy is liability coverage often expressed by 3 numbers. In 100/300/100 the first number represents the bodily injury coverage, in the case $100,000 per person. 300 represents the coverage per occurrence, $300,000 per incident. The last number is the coverage for property damage again in this case $100,000. This section also provides for the cost of defending the insured in any suit in addition to the stated coverages. Part A does not provide coverage for the insureds auto.

How much coverage you need is a factor of your financial situation. State minimum is 25/50/10. If that’s your coverage the insurance provider protects you up to $50,000 in bodily injury and $10,000 for personal property. After that a victim would have to come after you personally for any other damages. It’s not hard to see one accident exceeding $10,000 in repairs on most cars. After coverage of 250/500/250 most companies offer a personal liability umbrella of one or two million that follows the individual. Understanding your exposure allows you to choose the right amount of protection. If you are still unsure you might consult with your attorney or financial planner.

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