September 24

Setting Up Auto Insurance Through Payroll Deduction

Payroll deduction is a commonly used method of paying a variety of bills. Many Americans have various payments deducted from their paychecks, most commonly health and life insurance. Others may use payroll deduction to pay everything from child support to loan payments. Many consumers are unaware that payroll deduction is also available as an option for paying their auto insurance premiums.

Payroll deduction of automobile insurance premiums is relatively new and is not offered by all insurers. Payroll deduction is most commonly available to employees who purchase employer-sponsored insurance. This method is becoming a trend however, making it now possible to find private auto insurance that may be paid via payroll deduction.

Payroll deduction offers a number of advantages over traditional billing methods. Busy families often have trouble keeping up with their bills whether due to a lack of funds or simply a lack of time. Utilizing payroll deduction for your auto insurance ensures that the monthly payment will never be forgotten. Many people also like that the money is deducted before it is ever in their bank account, making it easier to part with the funds.

Payroll deduction is not for everyone. This method works best for those who have stable and consistent paychecks. The premium will be the same each month and is usually deducted all in one payment. If your paychecks are unsteady from week to week, you may find that it is difficult to make ends meet during the week that your premium is deducted.

It is important to gather information prior to enrolling in payroll deduction. What happens if your paycheck is not enough one week to cover the payment? Most insurers will resubmit the deduction the next week then send a bill to your home if it does not go through the second time. This is not mandated however, and the company could theoretically decide to cancel your policy for nonpayment. Make sure you understand the companys policy. Also find out the process of cancelling payroll deduction in the event that you change jobs.

It may be difficult to find an auto insurance company that offers payroll deduction. However if you find one, you may discover that payroll deduction is a safe, easy and simple method by which to pay your monthly bill. Payroll deduction works well for those whose income is stable from week to week but should be regarded with caution by those whose weekly income fluctuates widely.

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September 23

How Do You Benefit From Car Insurance

Traveling from one end of the city to another can be a harrowing experience when public transport is involved. People prefer private vehicles to buses and trains. People would rather invest in a private vehicle than travel via buses or trains. All of us, at some point in life, have dreamt of buying a car. We save up a substantial amount of our earnings to get it. Buying a car is more of a milestone in our lives than just another purchase. Which is why, your car is more than just a mode of transport. It is a valued possession that is dear to you and your family. And any damage to your car can make your expenses go haywire. When you purchase car insurance, your car is financially protected against physical damage or injury resulting from traffic collisions. Car insurance will also protect you from liability that arises due to these accidents. To a lesser degree, financial protection may be offered against theft and possible damage of the vehicle by your car insurance policy.

In India, private car insurance is the fastest growing sector. It is mandatory for all new cars to be insured. The premium amount for the insurance policy depends on the make and value of the car, the state where it is registered and the year of manufacture. Car insurance in India is very important not just because it is mandatory but also because driving can be hazardous at times. Although you may be a good driver, you never know when someone else will lose control of their vehicle.

Car insurance provides coverage against loss or damage by accident, fire, lightning, self ignition, external explosion, burglary, theft and malicious act. Policies also protect you against liability for third party injury or death and third party property. On payment of additional premium, car insurance policies also cover loss or damage to electrical or electronic accessories. There are, however, a few exclusions. Car insurance does not cover consequential loss, depreciation, mechanical or electrical breakdown, breakage and drunken driving.

Car insurance policy can be purchased online. You don’t have to call insurance companies to compare policies. You can simply check online. It is important to renew your car insurance periodically so as to avoid any unexpected financial expenses due to accidents and fines while driving. Many insurance companies offer online purchase and renewal of policies. Buying car insurance online is simple and convenient as you can do it no matter where you are.

Author Profile:

Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right Car Insurance & often shares his insights about the general insurance industry on internet.

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September 22

Insider Car Insurance Tips You Cannot Afford To Ignore

The costs of running a car are increasing all the time so it is more important than ever to start cutting back on your insurance premiums.

Insider Tips
Insurance is a competitive market. Providers are in the business to make money and deals are not always as great as they first look. Understanding the rules of the game can help you to make a more informed choice about your car insurance. Before you start looking for a policy here are some important insider tips that could save you a lot of money:

Credit Records many people dont realise that their credit record could make a difference to their car insurance premiums. However industry studies have shown there is a direct link between consumer credit scores and car insurance premiums. If you have a poor credit score your premiums will typically be higher. This is because statistically you are more likely to make a claim against your insurance or fall behind with your payments. Having a poor credit score can increase your car insurance risk factor. This means it is important for your overall financial health to keep up with your credit accounts and try to maintain a good credit score.

Car Type the model of car you own affects your car insurance premiums. Insurance companies have a rating system for each make and model of car. This is based on data gathered from national safety, accident and theft reports. It is worth checking how much it costs to insure a car before you buy. You could make a significant saving on your car insurance premiums by simply opting for a car in one of the lower ratings bracket.

Pay Upfront one important insider tip that can save a lot of people money on their car insurance is to pay upfront. Insurers can charge you a lot more for the privilege of spreading your costs out across the year in monthly or quarterly payments. Another benefit of paying upfront for the whole year is that you will not have to worry about any missed payments. This is a good idea if you have a lot of credit product repayments to manage every month.

Minor Claims try to avoid making too many small claims on your car insurance if you can. Minor incidences costing under 1,000 can soon add up on your insurance record and send your premiums soaring. You will save money overall if you pay out for small claims yourself and save your insurance for when it is really needed.

Modifications you must inform your insurance company of any modifications to your car. This can include something as simple as fitting alloy wheels. If you fail to report modifications to your insurer this could invalidate any claims later on. Modifications can push premiums up so think twice whether they are really necessary before you start upgrading your vehicle.

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September 13

Car Insurance From A Certified Company

The Classic car insurance is from a very specialty of the insurance company also has lot of the advantages those of all who also own and side by side drive a very muscle car and an antique car or the other collectible or the special interest of the vehicle and These policies also offer a much better kind of coverage for a amount less money which is less than standard insurance policy of the auto and also There is lot which has to consider, even though, when the comparing of classic car of insurance company. Each of the company has also its own of advantages and also disadvantages, and also it is an important thing that find the company that also offers best fit which is suitable your situation.

The classic insurance is the best and it offers the special plans for its clients and is very famous. Actually the thing is that the company is collector themselves and they what their customers want. They offer very different type of plans like they provide very vigorous activation, also they provide you with endorsement and give you very special type of coverage, they take care of all the damages taken. One can get the extra protection too against the damages and every part is repaired. Their very beneficial programs too undertake.

It provides you with very good benefits. Here every type of thing is seen .every emergency is undertaken. Very fine services are provided. A fee is little high but it’s according to the services provided. It’s because many memberships’ things are involved in it. It provides many types of scholarships and many organizations are under it.

An advantage associated with it is that theirs no restriction under it. Also the people who have been into accidents for more than 3 times are not provided any discounts. The vehicle also should be government proved and you have to show its paper before having policy. In many cases when someone travels very far then insurance company does not provide you with coverage as it is up to certain limits. Also protect your car in a garage so that it is not affected by external environment. Also your drivers name should be registered under the company as it is needed as per the law. It is important as if you want to have car insurance you should also register you driver’s name and paper’s.

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September 10

Value Of Car Insurance Policy

Importance of car insurance in India

According to motor vehicle act states that all the vehicles running in communal places should have Car insurance policy basic motive to cover third party liability.

There are two forms of policies for motor insurance

Third party car insurance policy
Comprehensive car insurance policy

Difference between these two policies

Comprehensive Car insurance policy also covers loss or damage to the vehicle itself by way of accident in addition to third party accountability and specified dangers, whereas Third party Car insurance policy answerable for the loss of vehicle owner or damage to life or property of the third parties.
Mode of insurance premiums

The car is not insured for reinstatement value and depreciated value

The tariff governed the finest rates for car insurance in India for all the companies that are operating here.
At what value car is to be insured – Depreciated value or reinstatement value?

The vehicle is to be done insured at the previous value in the local market for a related type of car for a same model
What factors are to be kept in mind for deciding the premium for car insurance?

On the basis of cubic capacity, usage of car, area of procedure and the cost of car projected for insurance make a decision about the premium to be paid.
What amount the insurance company pays at the time of an accident?

In situation of a mishap, the insurance organization makes payment for the cost including the labor cost and also the price of injured parts which can be replaced.

Bonus system

At the time of any accident for which a claim is registered in the occurring year on insurance organization, in the very next year, the insurance organization transfers the premium by technique of charging extra premium.

Minimum/ maximum percentages of the Bonus

The least amount Bonus is 20 percent & maximum is 65 percent.

What happens to the Bonus at the time of sale and transfer of vehicle?

Till the time he can argue bonus on next purchased motor vehicle, the bonus goes with the original owner.

What is exactly Voluntary excess?

It is totally client’s decision for paying firm amount of liability from each claim & for this car insurance organization offers a concession in premium.

Difference between voluntarily excess and compulsory excess

At the time of voluntary excess, client decides the reduction in premium on the other hand excess is imposed compulsory by the car insurance company. This will help you to take correct decision.

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September 8

Car Insurance Savings – 6 Expert Tips You Never Knew

Saving money on car insurance is a very good way of reducing your annual expenses. You’ll be happy to know that there are quite a few things you could do to reduce your payments to your insurer without having to go without insurance. These expert tips include:

– Ask for the least amount of insurance cover that the government requires you to have. Alternatively, you could get enough insurance to cover what you think your expenses might be in the event of an accident. If you know that you are a good driver then you can easily manage with less cover.

– Opt for a package that consists of a fairly high deductible. If you don’t expect to have an accident because of a good driving history or a safe vehicle then you should avoid paying a big premium just for having the insurer pay a large proportion of the expenses incurred in an accident. Agree to shell out a large part of the expenses in case of an accident and you’ll get insurance at a good discount.

– Reduce the number of modifications in your vehicle, except for the ones that make it safer. Any modifications done for cosmetic reasons will increase your risk in case of an accident and your premium will increase accordingly.

– Pay for safety modifications instead because they will decrease your premium. A special anti-theft alarm system is a good buy because it keeps your car safe and entitles you to the right kind of monetary help in case you have an accident.

– Try to qualify for every possible discount offered by the insurer. Some discounts are given on the basis of educational qualifications or grades (for teenage drivers) or memberships of certain associations. Discounts are even offered to people who take lessons in defensive driving.

– Deal with a single insurance company for all of your policies. This will enable you to get the best possible discount in each instance. Since most insurance companies offer vehicle, life, health and property insurances, it should be easy for you to do this.

These expert tips are extremely easy to follow and you shouldn’t have a problem doing any or all of the above. You will be able to get the cheap car insurance you need without having to pay a great deal of money to your insurance company. These tips will ensure that you stay on the right side of the law and also that you get adequate protection in the event of a collision.

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September 7

Choosing Your Broker for Availing the Right Car Insurance

If you have a vehicle, auto insurance is very important. Most of the countries have regulations that require you to carry auto insurance. On absence of insurance policy, any sort of accident caused can lead for huge financial liability to you and can be sued. Car insurance can cover your vehicle on occurrence of any accidents, or natural disasters like storm, earthquake or if it is vandalized or stolen.

Choosing the best car insurance policy from various insurance companies is a tough task. There is a practical difficulty to visit various insurance companies and get the quotes. One company’s quote may differ from the other. Sometimes, a company can have an additional coverage that the other one might not have.

Mostly it would be your working hours that you need to compromise in finding out a car insurance policy and that add pressure to your work life. In this situation, it is advisable to find a reliable broker that can help you in finding a suitable insurance policy. All you have to do is to fill up the form provided by the insurer. You have to give the required quote in their form and they can help you out to find the right insurance company. You can search a reliable broker online in South Africa instead of visiting across various places.

They will ask you to give your basic contact details like Name, Surname, Mobile and E-mail address. You can also provide the convenient time calling you. These brokers are specialists that can have wide range of insurance companies that provide car insurance policy of varied types and additional features. Choosing a right insurance broker is very much important for you. When you search online, you can a number of websites. You need to be careful not to be prone to any bogus broker that will not only take your contact details, but can charge you irrationally. If you are looking for a professional and skilled insurance broker that can provide you with right insurance solutions, choose Insurance Options, one of the largest insurers in South Africa. You can contact them by filling up your details provided in its website. The broker will call you for giving the right quote matching your requirement. Insurance Options can help you to save your car insurance, with quick turnaround time and assisting you for all the procedures in availing the insurance policy. What more, you can be able to save up to 29% on your car insurance.

Resource

The author of the article has an extensive experience Business, Insurance Jobs in Johannesburg Especially in the field of Building Insurance Companies & Insurance South Africa.

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September 5

Car Insurance Quotes

Getting The Best Out Of Car Insurance Quotes
Car insurance quotes have been easier to access and more competitive as the growth of the Internet has taken place over the last decade. With so many sites to choose from to find accurate quotes from the best insurance companies, the question is where to go for the best quotes. Best is considered to be those with established reputations and brand names, and own a significant part of the auto insurance policies.

Below is a list of auto insurers account for more than 50 percent of all car insurance policies. In order, they are:

Allstate
Geico
Progressive
Farmers Insurance Group

Total policy ownership says a lot about just who the public chooses for their car insurance, so the best rates are likely to be found where many people put their money. But that is not the only thing to look at in the search for the best insurance.

Insure.com conducted a survey to determine what the best car insurance was after signing the policy. For car insurance there were five major criteria:

Customer service
Claims satisfaction
Value for price paid
Percent who plan to renew
Percent who would recommend the company

Of the top insurers, GEICO and Chubb received the highest marks for overall company financial stability, another consideration before signing a policy.

The top company surveyed was USAA, though this company restricts policies to the military and their families. In second place was Erie Insurance, and in third was Auto-Owners Insurance. These companies’ web sites would be the best to search if the quality of the policy is more important than the premium paid.

If searching for the best car insurance rate regardless of the quality of the service or financial stability of the company, then web sites that search all car insurance rates will provide the best answers. NetQuote, InsureMe, Insurance.com, 2Insure4Less, and Allstate are considerably better than their online competition. However, the search often results in returning some or all of the top five companies.

NetQuote has agreements with literally thousands of insurance contractors to provide the customer with the greatest number of choices for coverage. Completing the quote request form is simple and direct, and will result in the person being contacted, either by e-mail or phone, from the selected insurance company.

InsureMe.com provides fast quotes by using the same quote information form as NetQuote, but has no way to directly contact the company through e-mail.

Insurance.com automatically chooses the top three providers based on the zip code entered and then gives direct links to the sales sites of the selected company.

2Insure4Less.com asks for slightly more information in the initial quote form, particularly if a college aged student is seeking a quote, but basically follows the format of the NetQuote and InsureMe sites.

All these web sites deliver up to 8 auto insurance quotes to your e-mail box or have an insurance representative call by phone to further discuss the particular car insurance needs.

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September 4

Know about what is high risk Auto Insurance

Automobile insurance is mandatory for a car owner in India. An individual can’t drive legally if they don’t possess auto insurance. A wide coverage auto insurance policy covers every risk. It indemnifies an insured in an accident by paying for damages to own car plus damages for repairs of third party vehicle damages. You can buy additional coverage by paying extra premium. You can buy personal accident insurance and third party property damages along with your motor insurance. Auto insurance quotes are also affected by coverage provided by the insurance policy.

Well, everyone is not a sound driver and many people have less than flawless driving records. Therefore, high risk automobile insurance is specially meant for drivers having high risk. More and more people are falling in high risk driver category these days due to which high risk auto insurance is getting popular. But you may be curious to know how an individual is judged as a high risk auto driver. r.

A driver who has received numerous tickets from traffic authorities due to faulty driving along with history of auto accidents or violations is considered as high risk auto driver. Further, you are considered a high risk auto driver if you are a young driver. Due to being high risk auto driver, you are charged more for an insurance policy while a standard auto driver is rewarded with lower premiums.

Automobile insurance is generally very costly for such type of drivers. But you should understand that high risk auto insurance works similarly as a standard insurance policy. Cheap auto insurance is usually enough for a standard driver with lower coverage as high risk drivers have a greater probability to make an insurance claim. But difference between a standard auto insurance and high risk auto insurance lies in the coverage provided by each type of insurance policy.

The goal of high risk auto insurance is to eventually make you a safer driver and to help you regain status of being a standard driver. An individual falling under high risk category can also save money on insurance and can buy cheap auto insurance. All you need to do is to obtain maximum auto insurance quotes as possible which can be done online. Online auto insurance quotes are generally cheaper as compared to offline medium. Online insurance providers provide various comparison tools and help you getting multiple quotes on a single platform making it easier for you to buy insurance policy meeting your insurance motives and requirements.

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September 2

The Importance Of Car Insurance For Every Car Owner

Buying car insurance is the most important thing to do after you buy a car. No matter which car you have or how safe your parking spot is, having a comprehensive car insurance policy is integral to any owner. You’re left vulnerable without it and end up being financially accountable for any damage that your car goes through. If you buy a car insurance policy, at least you have the insurance provider to help you out whenever needed. These days not owning insurance is just not an option, you never know what could happen, and car insurance is a guarantee that whatever happens can be taken care of.

There is so much variety in the car insurance sector that you can always find a car insurance policy that’s just perfect for you. With policies that include your family as well, you can even protect your loved ones when they travel in the vehicle. Aspects like third party liability ensure that if someone else is injured in an accident that you were involved in, your car insurance policy treats them as well. This feature is now compulsory for any car insurance nowadays and no matter how much your policy costs, your insurance provider has pay off any third party liability there is.

Medical costs are a big advantage of car insurance policies. If you have an accident and need treatment, your insurance company will pay for all the costs. With the rising medical prices, this a huge weight off most of our shoulders. Because of this clause, if something untoward should happen you can at least just concentrate to getting completely better instead of worrying yourself over financial matters. Being one of the most important advantages, this part of a car insurance policy can end up saving your life or your loved ones’.

Buy a car insurance policy to protect your car, your family and yourself. You never know what could go wrong and it’s always better to be prepared for anything. Car insurance is what helps you know that it’s always better to safe than sorry. No matter damage your car goes through, or even if it gets stolen, your insurance provider is there to compensate your loss. Buy a good policy and breathe easy knowing that you’re safe and protected. Car insurance is the most responsible decision a car owner has to make.

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Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right Car Insurance online & often shares his insights about the general insurance industry on internet.

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