Cheap Auto Insurance Blog

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SUBMITTED QUESTION: Price and corporate ratings will be the determining factors. Can you help me in determining the best insurance for my home and car? Thanks!

EDITOR REPLY: I would look for companies that have local agents in your area. Try here: http://www.insuremyhouse.com They have a directory of local agents.

NOTE: You might also want to check out companies like Geico and 21st Century.  You really do have to shop around to get the best price, especially with combined auto and home insurance policies (which can get you substantial discounts off both policies).

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SUBMITTED QUESTION: I pay 193 a month for basic liability with 21st century Insurance. Where can i get a cheap quote?

EDITOR ANSWER: Find an agent that carries lots of different companies. They can usually find you something cheaper.

NOTE: You can also find some great prices through online comparison quote sites.  Some companies, like Geico and Mercury, might not be included in comparison results, so it’s a good idea to check with their sites to get individual quotes as well.

The truth is, no one company will be cheapest for everyone.  It all depends on your particular circumstances (age, sex, driving record, etc).  Some companies weigh these factors differently. 

Therefore, in order to get the lowest rate, you have to shop around.

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Well-performing insurance agencies cater to every major need of its target clientele. And you can spot a well-performing insurance agency if it offers affordable motorcycle insurance plans. Cheap motorcycle insurance in the USA is readily available, so as soon as you register your new vehicle, you can just log in or pick up the phone book, and start shopping for the best bargains.

This should be no mystery to anyone who’s living in the States. More and more insurance agencies offer cheap motorcycle insurance in the USA because the demand keeps growing. Yearly there are more and more people interested in purchasing motorbikes of different kinds. The National Highway Traffic Safety Administration (NHTSA)’s “Hurt Report” says the number of registered motorcycles has increased by 48% between the years 1995 and 2004.

Two other things mentioned in the “Hurt Report” are worthy of note. The first is that there is a remarkable increase in people over the age of 40 who purchased motorcycles in the year 2004. Another is that there is a greatly increased number of road accidents related to motorcycle driving. In fact, the figure has only been increasing. In the year 2004 alone, there were 4,008 fatalities – a remarkable jump from the previous year’s 3,714 total.

By getting a good motorcycle insurance plan, you can minimize the damages that you, your motorcycle and the people you allow to ride on your motorcycle, incur during accidents. This is only being a responsible vehicle owner. Being a smart and responsible vehicle owner, however, requires a little more than the drive to protect one’s valuables – it also required the patience and the smarts to pick out an affordable yet reliable insurance plan.

Now one of the best things about most types of motorbikes is being a “budget” vehicle. Many bikes are mostly low-maintenance and not gas-guzzling: ideal for the thrifty vehicle owner. And especially ideal for the free-spirited soul who doesn’t like to be bound by limited road space and tight travel schedules. And since the owner of a motorbike knows all about saving, it’s expected that he’ll also want to save on the insurance cost.

Cheap motorcycle insurance in the USA is now so widespread, you can just ask your motorcycle-owning neighbor for tips and recommendations on what insurance companies to approach. But for the record, nothing beats doing your own research: go online and log into the official websites of different companies and gather quotes directly from the companies themselves – or spend some time in motorcycle forums. Ask questions and learn what the expert insured have to tell you.

There is no doubt about the fact that insurance premiums are on the rise. They have risen so high, in fact; that many people simply feel they can’t afford them. Of course, considering the fact that insurance is generally required for your home and vehicle if you are still paying on a loan for these items, you can really find yourself in a Catch 22 situation. The good news is that will a little work there are a few techniques you can use to actually lower the cost of your insurance premiums.

In terms of your homeowners insurance, always try to shop around whenever possible to get the best deal. Provide all the pertinent information including a description of your home, the type of basic as well as additional coverage you need and find out what is available in terms of rates for different companies.

Another way to save on your homeowners insurance is to make sure that you keep your home in tip top shape, thereby reducing the need for losses and claims. You can do this by replacing any wiring that is old and informing your insurance company, insuring your roof is in good condition and using anti-theft and safety devices on your home.

In addition, discounts may be available if your home is newly constructed as well as if you install a monitored security system. This type of discount can amount up to 15% in some cases. Some carriers also offer what is known as a loyalty discount for customers who have been with them for several years.

By raising your deductible, you can also usually reduce your premiums. Even a $250 jump in your deductible could cut your premium by as much as 15%. Raise it even more and you could be looking at a 25% savings on your deductible.

By combining your auto and home insurance and purchasing it from the same company you also could be able to obtain anywhere from a 5-15% discount. Between the two policies that could amount to major savings.

Don’t forget to look at your insurance policies and determine exactly how much you need. It’s quite possible that you could be over-insured and may not need as much insurance as you think.

One factor many people are not aware of is that their land is typically included in the market value of their home, the often used to determine the amount of your homeowner’s policy. In reality, the value of your land should not be included in your insurance policy except under very special circumstances. If you can cut it, do so and you’ll save on the premiums.

Try to avoid small incidental claims whenever possible because they can drive up both the cost of your home insurance premiums as well as car insurance premiums. If it is a small loss and you can do without having it repaired for awhile or pay for it on your own without filing a claim on your insurance policy, then do it. The more claims you file, no matter how small, can often increase your premium amounts.

SUBMITTED QUESTION: I know u can do it in the UK…but can’t find any insurance agency in the US to do it.

EDITOR’S ANSWER: The best thing to do is call a LOCAL independent agent. Look in the phone book for the PIA or Big I (Trusted Choice) logos and they should be able to help you. In Texas, we have several companies that will write a 30 day policy - but that is the LEAST amount of time for issue. If you are hear as a tourist, you can purchase coverage on a rental car. I have had foreign workers that come and find it more cost effective to purchase a car for the period they are here and then sell it when they return to Europe. In that case, 30 day policies would probably be what you need. You could always start a 6 month plan on payments and then just quit paying when you leave the country. Good luck and I hope this helps!

[NOTE: Checking with an agent should definitely be your first move.  they can best explain the intricacies of short term insurance, especially for non-U.S. citizens living in the states.]

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SUBMITTED QUESTION: Well this may sound like a long shot, but I just recently bought my son a 2000 Ford Mustang, Now its insurance time, hes 18, gets A’s in school and has had drivers ed. Why do the quotes from Progressive and esurance estimate its going to cost nearly $500 a month, even with a 1990 honda junker it still cost nearly $400 do these prices seem reasonable, i cant recall them being that high, when i first got insurance, thanks.

EDITOR’S ANSWER: Look at State Farm and other insurers who offer a “good student” discount. One strike against you on the premium is the fact that you bought a Mustang. This is considered a sports car in vehicle ratings (IRG) and add to that an 18 year old single male and it causes actuaries everywhere to shudder. Those are all high risk elements when figuring a premium. However, if he’s in your household and you have multiple policies with the same company and he’s got the grades AND you have a good claim history with no accidents, that will give you the best rate. If he didn’t have a car that had to carry collision coverage, it would be a lot cheaper but what’s done is done. No matter the cost, be sure he has at least $100,000/$300,000 liability limits.

[NOTE: A good idea is to check an online rate comparison site, and yes, definitely check for "good student" discounts.  Another great option, if anyone in your family has ever been in the military, is the
USAA auto insurance plan.  USAA is consistently at or near the top of the best rated and lowest priced insurance companies in the U.S.  Another option to check would be GEICO, which has fast online quoting.

The BOTTOM LINE is that you should price around when you have a teen driver, because rates can vary wildly from company to company, and you never know who might have a lower rate available to you.]

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