sábado, 8 de enero de 2011

Base Insurance Comparisons on Various Factors

Woman making a comparisonWhile most consumers dread the time when it comes to shopping for auto insurance, completing thorough comparisons can be extremely important and should not be taken lightly. Comparing the various aspects of automobile coverage and the carriers that are willing to provide such products can be all the difference in locating the right amount of protection, a sound company and a provider that can be relied on when assistance is needed.

In general, consumers are out to get the best price possible when looking to purchase practically any product, and although this may be a good idea when buying small goods, groceries, etc., motorists should realize that vehicle policies are extremely important and should be treated as such. A car insurance comparison should be conducted based on several factors, and when comparing companies and coverage options, there are a number of items that are often overlooked that can end up saving a consumer a lot of grief, especially when it comes to the amount of protection that should be obtained.

One of the most vital aspects of getting insured is to find the best coverage that can suit a specific individual’s needs. Although it may be tempting to purchase the absolute minimum policy requirements mandated by the state in which a driver resides, in many cases this can leave a motorist vulnerable to financial hardship. Individuals who live in states with low liability requirements can be left having to pay any difference in compensation above the required levels that may be due to another party. If a person is only required to carry $15,000 in bodily injury liability and injures another person as a result of a traffic accident and the medical care costs are $50,000, the policyholder could be held responsible for paying the $35,000 balance. Motorists may want to compare the cost of obtaining the most coverage that can be afforded to help avoid such situations.

In addition, Illinois Insurance Facts provided by the state suggest that motorist look into various other factors when shopping for an insurer. The state suggests that consumers make sure to find a reliable company, which can be done by checking a number of various areas of the make-up of carriers. When comparison shopping and after an acceptable rate has been found for the desired coverage, consumers should look into the company prior to finalizing the transaction. It is advised to make sure that the carrier is licensed to ensure that they are legitimate and legally providing policies. Also, one may want to check the company’s complaint ratio to gauge a carrier’s customer satisfaction level; both licensing and complaint information should be obtainable through the driver’s state department of insurance. One last thing that may want to be checked is the financial stability of a provider. This shows how financially sound a carrier is and indicates their ability to pay out on claims in which they are obligated; this can usually be done online by visiting the website of one of the various rating agencies that judge and grade the financial outlook of insurer. While price is important, it can be of equal importance to ensure that the right protection is obtained from a quality carrier.

Source: http://www.onlineautoinsurance.com/compare/

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Opting for Virginia Auto Insurance

The state of Virginia has what is called a financial responsibility law, which means that all drivers, whether insured or not, are financially responsible in the event that they are involved in an automobile accident and are found to be at fault. All insured motorists must purchase an automobile policy that covers $25,000 for an individual who is injured or killed during an accident, $50,000 for two persons in the event that they are injured or killed, and $20,000 for any property damage. VA is a state where auto insurance is not required; however, the financial responsibility law still remains in effect.

Uninsured motorists must pay an “uninsured motorists fee,” which costs $500 and must be paid to the Department of Motor Vehicles. It’s important to note that this fee does not mean that said purchaser is in any way insured. It simply means that they are registered as “uninsured,” and must still cover any damages in which they are responsible out of their own pockets. Because of this, opting to purchase Virginia Auto Insurance often ends up saving individuals money in the long run. With the ability to drive uninsured being present within the state, some VA citizens opt to purchase additional Uninsured/Underinsured Motorist Coverage in order to protect themselves against possible collisions with uninsured drivers. In the event that such an incident occurs, purchasers will most likely be saved from having to pay large repair bills out of pocket.

Even though Virginia’s laws give drivers the option not to purchase automobile insurance, many citizens decide to do so rather than not. This is because, if an individual is involved in an accident and does not have insurance, then they may still be responsible for any property damage that they happen to cause, as well as any medical expenses, or for the pain and suffering of any injured persons. According to 2009 Virginia Traffic Crash Facts there were 116,744 reported traffic accidents, which means that some would consider forgoing coverage to be a poor decision. With the amount of additional protection that is available, however, should an insured individual get in an automobile accident, there is a good chance that many of their expenses will be covered.

The state of Virginia offers a wide array of additions to preexisting plans, including rental reimbursement coverage, which handles the expense of renting a substitute vehicle in the event that the insured would need to rent a car because their own had been damaged in an accident or suffered comprehensive damage (such as fire or theft). In addition to this, VA has the option of including medical expense and loss of income benefits coverage, creating yet another reason for drivers to pursue increased protection. This addition covers all necessary medical costs that may occur as a result of getting in an accident. This may include funeral costs, and is applied to a person who is present within the vehicle of the insured person, and the coverage persists even if the protected driver is the cause of the accident. Virginians should explore all coverage options that are available and consider purchasing any that can be afforded..

viernes, 7 de enero de 2011

Insurance With No Money Down

No money

Dependent on many factors, the cost of finding the cheapest automobile coverage can be either a walk in the park or an uphill battle. Middle aged female motorists with no tickets or accidents are likely to pay the best rates for vehicle policies than any other type of driver, when solely based on individual characteristics and excluding the type of vehicle to be insured. The fact of the matter is that a high risk driver operating the same exact type of vehicle can pay double or triple the amount of a low risk motorist and the possibility of paying a premium in full can be out of the question and the need to locate a carrier that is willing offer car insurance with no down payment with the remaining balance to be paid in installments may be the only feasible option to maintaining coverage.

For certain motorists, the annual cost of an auto insurance premium can equal thousands of dollars, and some consumers can simply not afford to pay such an amount in one lump sum. For instance, teenagers, especially 16 year olds are charged extremely high rates due to the likelihood of them being involved in a traffic accident, which is more than any other age. The chances are, the average sixteen year old probably does not have a couple of thousand dollars lying around and are probably full time students; therefore, the only option of staying insured is by putting as little money as possible up front and making payment to continue coverage and fortunately, this is a possibility.

Very few consumers pay for policies up front and in full. Whether it is due to the fact that it may be extremely expensive, they cannot afford to or they would just rather keep the money on hand. Whatever the case may be, many companies are willing to provide policies and allow monthly payments to be made until the premium is paid. In order to find carriers that will offer such an option, motorists must shop around and locate a provider that will do so at the lowest rate and allow the smallest start up cost. Many individuals have the misconception that “no down payment” means that no money would have to change hands to begin coverage, but this is not the case. What it does mean is that only the first month’s premium would have to be paid without any other fees being tacked on.

To help ensure that the best deal is found and lowest amount is paid up front is to get as many quotes as possible and select a few of the cheapest available. Prior to making a purchase or payments ask if there are any fees that will be included with the price being paid to begin protection; this may include service or billing fees. If there are fees, see if there would be any way to negotiate these in order to get the lowest price. Companies are in business to obtain as many customers as possible and may be willing to cut costs to get a new policyholder. It may also be a good idea to take advantage of tools such as the New Jersey Auto Insurance Purchasing Planner to help with the shopping process. With some diligence, a consumer may be able to find a policy and only pay the first month’s premium up front.

MI Insurance Required and Extensive

MichiganResidents of the Wolverine State are well aware that if they own and operate an automobile the cost of ownership can be exorbitant. Aside from the normal ownership costs of vehicles including oil changes, tires, tune ups, gasoline, etc., Michigan’s motorists are also required by law to maintain the mandated auto insurance coverage set by the state. Unfortunately, the requirements are quite extensive and generally lead to high premiums for drivers. In fact, the average amount paid by consumers for automobile policies are among the highest in the nation and in a city such as Detroit, a motorist may be looking at an annual premium of over $4,000.

One of the major reasons that the cost of Michigan car insurance coverage can become very expensive is due to the fact that the state enforces one of, if not the most comprehensive No-Fault insurance systems in the United States to cover the expenses arising from traffic accidents. The majority of states follow the tort system and require motorists to purchase liability coverage to pay for bodily injuries and property damage that a policyholder may cause to a third party. MI mandates that this type of protection be maintained by motorists as well as purchasing policies that will cover the insured for their injuries in the event of an accident regardless of who is to be found at fault. This type of system is believed to be effective in ensuring that a person receives the compensation needed should they be injured and suffer losses in an auto collision.

As mentioned, policies must contain extensive coverage consisting of various types of protection. Motorists must carry Residual Liability to cover the bodily injury and/or property damage that they may cause to another person. The minimum limits required are $20,000 for bodily injuries to one person, $40,000 for bodily injuries to two or more people and $10,000 for property damage caused in another state. In addition, drivers must also obtain Property Protection with a limit of $1 million to pay for damages sustained to another person’s property. This will pay for damage caused to such items as poles, fences, buildings and legally parked vehicles.

The most extensive portion of a MI automobile policy is probably Personally Injury Protection (PIP). This covers injuries sustained by the insured and will pay all medical expenses incurred that result from a traffic accident regardless of who is at fault. Additionally, the policyholder will receive 85% of the income that they would have earned if they are unable to work following the incident for up to three years. The maximum amount that can be received by policyholders is $4,929 monthly and is adjusted each year; the last adjustment took place October 1, 2010. If the insured is killed in the accident then the benefits will be transferred to the household family members. Although the cost of coverage in the Wolverine state can be a bit costly it does come with its benefits. Residents may want to refer to the publication titled, Brief Explanation of Michigan No-Fault Insurance to get additional information regarding policies.

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Getting Car Insurance Identification Cards

driver pulled overThe chances are that if an individual owns an automobile or plans on operating one, the law will require that the vehicle and driver are covered by an auto insurance policy; although there may be a few states that have a few exceptions to such laws. In addition to the need to keep vehicles insured, there are many states that require motorists to also carry proof of automobile coverage at all times while behind the wheel and fortunately, there are many ways to go about getting such documentation.

Prior to acquiring a document that will prove that a vehicle is insured, motorists must first purchase a policy from an insurer. This can be done in a number of different ways such as purchasing policies in person directly from an agent, over the phone or even on the Internet. Following a purchase it is extremely important that the policyholder obtain proof that the automobile is insured. Generally, when a policy is bought, the insurer will issue an identification (I.D.) card which may be temporary and a permanent card will be mailed, but depending on the method used to obtain coverage, there may be a few different options to choose from. If a motorist is sitting across from an agent when buying a policy, an I.D. card will usually be handed right over to the newly insured once the transaction is complete.

Nowadays, consumers have the ability to get policies right from the comfort of their own home so they will need to be sure that the documentation is sent a soon as possible and prior to operating their automobile. Whether the transaction is completed on the phone or over the Internet, the option to obtain the car insurance cards online via email, right on a website or by fax should be offered; the insurer can mail the paperwork, but it could take days before it is received. In addition, if identification cards are ever misplaced, it should take very little effort to replace them and can be easily done by contacting the insurer or even visiting their website and printing them out.

Obtaining the documentation proving that a motor vehicle is insured should be fairly easy once a policy is purchased from a carrier and any good company will be happy to provide a replacement should a customer misplace their proof of car insurance. With that in mind, motorists should also have this paperwork handy while operating an automobile. Although not all states require that drivers carry policy information, there are many times when it can come in handy and there really is not reason that it should not be accessible to a motorist driving a vehicle. Usually a company will send two identification cards to policyholders and one should remain in the vehicle in an area such as the glove compartment; this will help those who may borrow the automobile access it should they need it.

There can be many situations that may arise where having proof of coverage can be helpful and assist in avoiding complications. In the event of a traffic collision, whether the state requires I.D. cards to be carried or not, the parties involved will need to exchange information to settle claims and collect compensation from the insurer; all of the necessary information should be located on the identification card and can speed up the process of settling these matters rather than having to obtain such info later.

In states that require motorists to carry policy documents at all times, simply gathering the info at a later time may not be so cut and dry. According to the Missouri Department of Revenue a ticket can be issued for lack of proof of insurance and many states follow the same law with some enforcing harsher penalties. It is often advised to contact the police if involved in a collision with a driver who cannot prove that they are insured. If a law enforcement officer arrives on the scene of the crash and one of the parties is lacking the necessary documentation, it may result in a ticket and even the impoundment of the vehicle; this can be a costly result of simply not putting a tiny piece of paper in an automobile. Keeping policy information in cars at all times can save a lot of hassle and takes very little effort.

jueves, 6 de enero de 2011

Details About Massachusetts Insurance

United States flag shaped as MassachusettsThe Bay State requires that every vehicle that is operated in Mass. must be insured. Individuals who own a motor vehicle that is found to be knowingly driven without auto insurance coverage will have the automobile’s registration revoked by the Registry of Motor Vehicles. MA is one of the minority states that implement the No-Fault system, which means that motorists must be covered by automobile policies that cover the injuries of the policyholder and those considered “insured” that result from a traffic accident. The majority of states require that drivers carry a policy that will solely compensate injuries to third parties.

In order for residents to comply with these no fault laws, Massachusetts car insurance policies must be purchased that contain Personal Injury Protection (PIP) consisting of a limit of no less than $8,000. Unlike some no-fault states, in addition to PIP, MA also requires liability coverage to be obtained to cover the injuries of others and have limits of $20,000 for the bodily injury of one person and $40,000 for the bodily injury of two or more people. In addition, and similar to most states, motorists must have compensation in place to pay for property damage that they may cause. In Mass., drivers must carry at least $5,000 in property damage liability. Massachusetts’ laws also mandate that resident-drivers protect against uninsured motorists by purchasing protection for bodily injury equal to the state’s minimum liability limits of $20,000 and $40,000.

Unfortunately, residents of the Bay State pay some of the highest premiums for automobile policies in the nation. It is believed that there are a few reasons for the inflated prices of coverage in the state and the major factor is the risk involved with insuring Massachusetts’ vehicles. According to the Office of Consumer Affairs and Business Regulation (OCABR), the state has more bodily injury and property damage claims than almost any other state. Generally when insurers must absorb losses they must increase rates to offset payout which leads to more expensive auto insurance for residents. The state also has a higher than average cost of living and this translates into more expensive medical care, vehicle repair and court costs. These two factors combined not only means more claims, but higher payouts as well.

The good news for residents that own and operate vehicles is that there are ways to find the most affordable coverage possible and this best achieved by shopping around. Beginning April 1, 2008, car insurance companies were allowed to determine their own premiums which led to competition; rates must be approved by the Commissioner of Insurance. With competition usually comes a higher probability of finding the best price for any product, including automobile coverage. This is because carriers must now compete for the business of motorists and keep pricing attractive in order to obtain new customers. Consumers are urged to shop around to find the most inexpensive policy available from competitors.

Make Sure to Get Insurance Questions Answered

Questions marksAside from purchasing a home or vehicles, obtaining automobile coverage is one of the most important purchases made American motorists and not only from a legal aspect. Of course, abiding by the car insurance laws of an individual’s particular state in which they reside should be the first concern of a driver, getting the right type of coverage can be of equal importance. Far too many people purchase vehicle policies without fully understanding what exactly it is that they are buying and asking or finding the answer to a particular question can be extremely beneficial.

Insuring automobiles and drivers can be very complicated when one takes into consideration all of the different types of coverage, options available and the various companies that are willing to offer policies. Consumers should take the time to get the answers to any auto insurance coverage questions that may come to mind to help ensure that the ideal protection is located to best secure assets and cover the numerous risks that exist while behind the wheel. There are many ways to go about getting inquiries answered about the various aspects of a vehicle policy and making that the options available when insuring automobiles can be the difference between being adequately protected following an accident or being susceptible to unexpected expenses.

Unfortunately, there are many individuals that simply purchase a policy that will fulfill the requirements set by the law or the coverage that is recommended by an agent, friend or family member. While recommendations from such individuals is always a good thing, it may not always be correct. Motorists should take the time to understand what options that they have to choose from and what can be beneficial for their particular situation.

For instance, a state such as California only requires motorists to carry $5,000 in property damage liability which can easily be used up following a collision involving an expensive vehicle or striking a building. What many may not be aware of is that once the $5,000 limit is exceeded, the policyholder will be responsible for paying the other party for anything over this amount and following a legal proceeding, a judge can rule that the person’s assets be used to pay for damages; this can include savings, stocks, bonds, homes and even future wages. Asking the question, “Do I need more coverage?” can help avoid such a scenario and the answer is usually a resounding yes. For not much more in premium dollars, a driver may be able to obtain $50,000 in property damage liability and would be glad they did if they ever find themselves in such a situation.

A great place to obtain an answer regarding auto insurance is to speak with an industry professional such as a licensed agent. Agents can be a helpful resource in guiding a consumer to the right type of coverage that will properly protect against potential risks and help secure assets. If a person wishes they may be able to “pick the brain” of an agent to get every question that they may have answered. One other great resource and trustworthy is that of state insurance regulators which often offer consumer guides to help residents understand the options that they have to choose from. Consumers can always call the regulator as well and speak to a representative if they are uncertain about something. The bottom line is that getting insured should not be done prior to obtaining the answers to any lingering questions and there are resources that would be happy to help.

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Free Insurance Quotes Can Be Beneficial

Free signDriving an automobile in the United States is a privilege given to most Americans and a very important one for many, but with such a privilege also comes a responsibility that the majority of motorists must comply with in order to have the ability to operate a vehicle legally and continue to be allowed to drive. This responsibility entails being able to pay for injuries and damages that are caused by a motorist as a result of a traffic accident. Purchasing a car insurance policy is the most common way that drivers choose to comply with such a requirement and taking the time to compare quotations from numerous companies can not only help find the most affordable coverage and right policies, but does not cost a cent.

Prior to purchasing automobile coverage, consumers should do a bit of research on the types of protection that is available to them and which can be beneficial for their particular situation. While one person may only need basic liability, another may need much more extensive coverage to protect assets. Whatever the case may be, even if a motorist may feel that they only need minimum required coverage, comparing rates from insurers may benefit anyone in need of a policy if better protection is found at a price that can be afforded. Comparison shopping will not only cost nothing, but can now be done in no time with companies offering free online auto insurance quotes by completing a brief form. Consumers should take advantage of such services to make sure that the best deal is found for the right policies.

A large number of consumers aim to find the cheapest rates for auto insurance, but in the process of doing so many motorists sacrifice protection that can be beneficial in the event of certain circumstances arising from traffic accidents. One common choice that drivers make is to purchase the absolute minimum coverage allowed by their particular state in order to comply with laws, but in many cases this may not be enough to cover the expenses of accidents; this is where obtaining free quotes can become very helpful. Several states only require motorists to purchase very little liability limits such as California, which only requires resident-motorists to purchase $5,000 in property damage liability. As many are aware, there are many cars in the Golden State that can easily exceed the value of $5,000 and causing significant damage to such vehicles may leave the insured responsible for paying the other party for any amount above the limit covered by the policy. It is commonly suggested to raise liability limits to to $50,000 for property damage. By obtaining cost-free quotations, one may be surprised to find out that more coverage may not cost much more in premiums and can provide much needed protection.

Another benefit that can be taken out of obtaining quotes free of charge is by comparing the cost to protect against risks that may not be required. Many states require that motorists purchase Uninsured Motorist coverage, while others do not or even allow consumers to waive the option in writing. However, it may be worthwhile to compare rates with this addition if it is not required by state law. For example, the Texas Department of Insurance estimates that approximately 20% of drivers are not insured and the estimated national average is close to this figure. In fact, the estimated percentage of motorists without policies in New Mexico is close to 30%. Considering this addition to a policy can be worth the extra money spent in the event that the policyholder is involved with such a driver and for the most part the cost can be very minimal to purchase this add-on; after all, checking to see what it would cost to add it on to coverage is free and may pay off in the long run. In addition, there are many types of protection offered by insurers and checking and comparing rates does not cost a cent, just a little investment of time. One should explore all options prior to making a purchase to help ensure that the best possible options that can be afforded are found.

Insure with Top Insurance Companies

Insurance companiesConsumers looking to purchase automobile policies can be overwhelmed with the number of choices that are available with the wide variety of car insurance provider willing to offer coverage. In certain states, there can be well over fifty carriers to choose from and singling out the best one can be a time consuming and tiring process. However, motorists should be aware that not all insurers are the same and there are certain factors that can set some companies well above the rest of the competition that should not be overlooked.

A large number of motorists look to get insured at the cheapest price possible and may ignore the importance of researching the carrier that is offering the most affordable rate. Doing so can save a driver a few premium dollars, but may also leave a consumer regretting such a decision down the road if the insurer proves to be unreliable or has a poor reputation of customer service or honoring claims. Ensuring that policies are obtained from top auto insurance companies can save policyholders from experiencing difficulties when dealing with providers and it may be worth investing a little time into making sure a carrier is reputable and has a high customer satisfaction level.

Motorists often overlook a number of factors that make up insurers and although it may seem simple enough to call around, shop the Internet or sit down with agents to find the most affordable premiums, there is much more information about car insurance companies that consumers should take into consideration; after all, there is a reason that some insurers own most of the industry’s market share and issue the majority of automobile policies. Obviously, price is a major concern for a large number of drivers, and rightfully so. Nobody should pay more than necessary for vehicle coverage, but opting for the cheapest rate with checking into a company may not be the best way to go.

Potential policyholders can take a few simple steps to make sure that coverage is obtained by a quality insurer. First a consumer will need to obtain quotes for the desired product from numerous carrier; this will help eliminate any that are overpriced and show motorists which companies are willing to accept them at the most reasonable price. After a consumer sorts out the three or four most affordably priced insurer, checking into the provider should be done and can be achieved quite quickly and easily. Consumers should look into the financial stability and customer satisfaction level a carrier prior to making a purchase; both of which can be done online.

The importance of looking into how strong a company stands financially is due to the fact that this will show their ability to fulfill ongoing obligations to policyholders. A financially sound carrier will have not problem paying any valid claim, which of course is what a motorist is paying for by purchasing coverage. In addition, even though an insurer may have financial stability, this does not necessarily mean that past and present policyholders are happy with them. Consumers may also want to check out the “buzz” surrounded the provider being considered. Both of these aspects of carriers can be done with a simple search. Certain government websites such as the Massachusetts Official Website of Consumer Affairs and Business Regulations will provide such information as well. Checking an insurance provider’s reputation can be just as important as finding the best price.

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Find the Cheapest Insurance In 2011

cheapest auto insuranceWith the past year having flashed by in the blink of an eye for many, it is just days away for individuals to prepare for 2011. Aside from planning December 31st parties, chanting the midnight countdown, popping a cork and raising glasses, consumers may also want to be preparing for the upcoming new year and how to make it the most prosperous and enjoyable one yet. One goal of many is to lower monthly bills and although items such as mortgages, rent or automobile payments may be a difficult area to cut costs, one way that can quickly save hundreds or even thousands of dollars in the New Year is reducing the price of car insurance.

Many consumers let far too much time pass prior to reviewing policies and ensuring that the right coverage and the best rate is being paid. A number of motorists stick with the same policies for much longer than they should and there may be cheaper options available. Although a cheap auto insurance premium may have been found when coverage was initially purchased, this may no longer be the case for several different reasons. As time passes, many things change and a policy review and quote comparison can help ensure that individuals are not paying too much for protection, getting the discounts that they are entitled to and are insured by the cheapest insurer.

When the New Year comes along consumers can potentially save a good amount of money by taking a simple and most suggested approach, and that is to comparison shop for cheaper carriers. Putting aside some time to compare quotes from numerous insurers may lead to finding a more affordable carrier due to a couple of reasons. Insurers periodically change rates and enter markets, therefore, if a consumer may have obtained a good deal from one particular company, there may be one now available that is more competitively priced. In addition, if a motorist purchased a policy and had a few blemishes on their driving history, they may have been turned down by the most inexpensive providers, but as time passes and past mistakes behind the wheel may no longer be used negatively, the most competitive carriers may now be willing to offer policies at the cheapest rates.

One of the most important reasons to review policies is to make sure that the proper protection is being paid for. Many vehicle owners protect against physical damage by purchasing comprehensive and collision coverage, but as time passes this may no longer be necessary due to the value of an automobile depreciating and could be a waste of money. A consumer can check an appraisal website to get an estimate of what their vehicle’s value is and see if it makes sense financially to pay for the premium and the deductible if a loss should occur; if the automobile’s worth is near this figure it may be a better idea to save the money to put towards a new car. For individuals that are still in need of comprehensive and collision, it may be worth looking into increasing deductibles. The publication titled, 9 Ways To Lower Your Auto Insurance Costs states that choosing a higher deductible can reduce rates significantly. However, one must keep in mind that although this could lower premiums, the amount chosen would need to be paid in the event of a loss. A quick policy review can reduce premiums and although the New Year is a good time to do so, one may want to consider reviewing policies more often to ensure that the most affordable coverage is maintained.

Info Regarding Montana Insurance

Montana stateThe state of Montana requires that motorists are financially responsible for any bodily injury and/or property damage that may be caused as a result of a traffic accident. A large portion of the state’s drivers choose to purchase a liability car insurance policy to satisfy this law. Policies must cover at least $25,000 for bodily injury for a single person, $50,000 for bodily injury coverage for two people, and $10,000 coverage for property damages. It’s important to note that Montana’s required state automobile liability policies only covers damages to others in an accident if the insured is at fault, but not the driver’s own personal losses.

The Montana auto insurance laws also require that carriers offer Uninsured Motorist (UM) coverage, which may be rejected by the consumer. If a motorist does choose to purchase the Uninsured Motorist option, the limits of protection must equal $25,000 for a single person and $50,000 for two people. The coverage required by the state does not provide any compensation for damage sustained by the insured’s vehicle or bodily injury resulting from a collision with the exception of UM and when only involved with a driver lacking a policy. Consumers may want to consider additional protection and in many cases it could be necessary and beneficial.

When choosing one’s auto insurance options, there may be benefits to including Medical Payments Coverage, particularly if the vehicle owner does not have a health care plan. In the event of an accident, regardless of who was at fault, Medical Payments would provide protection for not only the insured, but the insured’s family members and passengers who were present in the insured’s car at the time of the accident, up to the policy limits. This coverage, however, does not include injuries sustained by passengers in any other car involved in the accident.

Another form of coverage that drivers may want to take into consideration is Comprehensive and Collision coverage. This form of protection is particularly beneficial to people who are financing or own a particularly expensive vehicle. This is because the Comprehensive protects the car from damages that are not collision related, such as hail or contact with a bird or animal. In some cases, banks may insist upon this form of coverage when financing an expensive car as part of the loan agreement.

Prior to purchasing a policy, a consumer may want to comparison shop and locate rates based on different options. In many cases, additional coverage can be obtained for a small premium amount. Shopping around is cost free and may lead a consumer to find more adequate protection. One can also refer to the Montana Automobile Insurance Rate Comparison Guide to view sample rates based on common scenarios.

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miércoles, 5 de enero de 2011

Necessary Car Insurance in Alabama

state of AlabamaAutomobiles are restricted from being operated, registered or to keep registration without being covered by an active AL car insurance policy or valid proof of financially responsibility. Similar to just about every state in the nation, a motorist must have the ability to pay and compensate other parties for bodily injury and/or property that they may cause as a result of a traffic accident. The most common method used by residents to comply with such laws set by the state is by purchasing automobile coverage from a licensed insurer that meets Alabama’s minimum  protection requirements.

In accordance with Act 2008-393 all vehicles in the state that are covered by an Alabama automobile insurance policy must contain liability limits of no less than $25,000 for bodily injury to one person, $50,000 for bodily injury per accident and $25,000 for property damage. All policies must be issued by an insurer that is approved and licensed by the state and documentation proving that a vehicle is insured must be carried at all times while the automobile is being operated. Documentation proving that vehicles are covered must contain the name insured, year make and model of the automobile, vehicle identification number (VIN), name of carrier, policy number and the effective and expiration dates of coverage.

Operating an automobile without financial responsibility in place is not only illegal, but can also lead to consequences that can be avoided. Law enforcement officers are allowed, and may request proof of a valid policy during a routine traffic stop or upon arrival on the scene of a traffic accident. If a motorist’s auto insurance is canceled for any reason and the Department of Revenue is notified and made aware of this, the registration of the automobile can be suspended. In addition to the suspension of a vehicle’s registration a fine may be issued as well. In order to have the the car re-registered the fine must be paid and proof of coverage must be submitted.

The fine for a first time suspension is a $100 reinstatement fee and subsequent violations can result in $200 reinstatement fees and a suspended registration of four months. However, complying with the state’s laws can be done quite easily and may be far less of a hassle than having to deal with fines, suspended registrations and court appearances. Shopping around can help residents find the best deal on automobile coverage and avoid such penalties and the chance of being involved in an uninsured accident which can be extremely devastating both monetarily and emotionally. Alabamans may want to refer to the Consumer’s Guide to Auto Insurance provided by the state to help assist in understanding more about vehicle policies.

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Cheap TX Liability Insurance for the New Year

State of Texas

With the New Year just around the corner and many Texans more occupied with holiday shopping and getting ready to raise a glass and toast the upcoming year and the things to come, not many have auto insurance on their minds. Texas’ motorists should be aware that beginning January 1, 2011, not only will there be a reason to celebrate the aspirations of a prosperous year to come, but there will also be an increase in the minimum liability coverage requirements in the Lone Star State. As most set to New Year’s resolutions, many include saving money as a common resolution and keeping automobile policies affordable may be a place to start.

Motorists who may not necessarily feel the effect of the new legal requirements are those who have already purchased limits above and beyond what is currently required, however; a large number of TX drivers currently contain the minimum coverage allowed by the state and the bump to higher limits may see rates increase as more extensive policies will need to be obtained. The most effective way to make sure that cheap liability car insurance in Texas is obtained is by preparing for the rate increase that is likely to come with the new year, and although many may be more concerned with the hectic holiday season, one should not wait until an unexpected premium hike is experienced in the near future.

Being prepared for the upcoming changes in Texas auto insurance law is one of the best methods of preparing for a rate increase and even keeping the cost of coverage as close to the current premium being paid as possible. Any policy issued or renewed after January 1, 2011 will have to contain minimum liability limits of $30,000 for bodily injury per person, $60,000 for bodily injury to two or more people and $25,000 for property damage; this is commonly seen in an abbreviation of 30/60/25. This is an increase from the previous requirements of $25,000 and $50,000 for bodily injury, but the $25,000 in property damage will continue to remain the same.

While the increased requirements may not seem to be much, only consisting of $10,000 more, it may impact rates; with more coverage generally comes higher premiums, especially for higher risk drivers. With this in mind, whether a motorist with a flawless driving record or some mishaps, it may be a good idea to see what a policy will cost with these new required limits. Motorists that are currently insured may want to see what their current company may be increasing premiums to and compare quotes of other insurers to see if a more affordable option is available. Depending on the policyholder, the number and types of drivers and vehicle, a premium can be raised a few dollars or a few hundred. It may be a good idea to find out beforehand and not when a renewal notice is received; this can help avoid surprises and also help keep policies as inexpensive as possible. Residents may also want to visit the Texas Department of Insurance website to get a full understanding of the state’s new financial responsibility laws.