Worst States for Car Owners

posted on April 24, 2008 in Review

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In addition to compiling a “Best States for Car Owners” list, Forbes also compiled a antagonist’s list. Like the list before, the figures in the list were carefully calculated using average figures and were done using the best possible to save up on car owning.

Number one in the list is Hawaii. With insurance figures up till $12,744, it’s no wonder this was on top of the list. Other figures have contributed their share to lowering the total figure as much as possible but it was still tallied at $59,457.

Progressive Corp Part 2

posted on April 22, 2008 in Review

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With the data in mind, Progressive Corp then calculates a rate discount just for the customer. If all goes well, customers can expect discounts up to 25% or even more with less mileage. The program is suitable for minimalist drivers who wish to have the assurance of a well-kept insurance as well as having the benefit of getting the appropriate amount of protection for their minimalistic lifestyles. The only problem with this is the amount of comfort or ease the customers may be losing when subjecting themselves to such contracts. With such information in the hands of the insurance companies, they are losing a little bit more of their privacy and it remains up to them whether they understand the need for the little privacy intrusion for their program to work.

Progressive Corp

posted on April 20, 2008 in Review

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Progressive Corp is an innovative car insurance company that offers mileage-based discounts on their premiums. Most often, people spend a lot of money on insurance while their automobile doesn’t even go anywhere other than their usual places of activity: school, home, work….school, home, work…and the occasional grocery. People who live in close knit neighborhoods with everything within easy reach are even more at a loss without these innovative discounts that a few select car insurance companies offer.To start off, Progressive Corp TripSense program can be availed by any by first installing a device into their car’s onboard diagnostic port. The information obtained is then downloaded to the computer and sent off to the company at regular intervals.

Why the recent trend in falling premiums?

posted on April 10, 2008 in Tips

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A changing market is key to this gladly-welcomed trend. Because of safer cars rolling out into production, the risks of accidents is lowering significantly. Crime is also being more manageable with dropping rates in theft as well as better fraud protections today. Greater competition from others and these other factors have pushed insurance companies to lower car insurance rates resulting in flat auto insurance premiums.In response, insurance companies are now chasing after their new targets, the young drivers which may provide an excuse for high premiums as they are accountable for majority of fatal crashes and other auto incidents.

Florida Insurance Council in support of solvency for the cat fund

posted on March 25, 2008 in General

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The state’s catastrophe fund to come up with when a major hurricane or series of hurricanes strike Florida, the uncertain economy is yielding a deep concern over the state’s ability to raise the full $28 billion that legislators obligated. The legislature should proceed with caution so not to underestimate the funds true capacity, while it certainly is wise to review the fund’s ability to deliver on its promises. The cat fund not only provides greater reinsurance capacity which, in turn, enables a larger amount of insurance, lawmakers need to remember that, as the states continues to grapple with the issue of maintaining an insurance market that can provide ample coverage at affordable rates for Florida families.

Norwich Union Car Insurance

posted on March 1, 2008 in General

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Norwich is on of the largest insurance providers in the country that covers 1 in 7 cars on the UK’s road. To suit all types of drivers and vehicles they offer a good range of products. Fire and theft policies come with a number of optional extra including breakdown and legal cover, a courtesy car facility, their standard fully comprehensive and third party, physiotherapy service and cover for travelling abroad. Norwich Union now provided protected no claims bonus and child car seat replacement cover. By insuring multiple cars and savings on other NU insurance products, so Norwich Union represents a sounds choice for drivers of all types, combining all these practical features with discounts for buying online.

Don’t Know Which Car To Buy?

posted on February 5, 2008 in Tips

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If you are caught in the middle between two cars, and the other car is way cheaper than the other, you might want to think again. Insurance analysts say what cheaper now may end up costing you in the long run than that of the more expensive ones; even if it saves you a couple thousand dollars.

I will be focusing on this topic in a couple of entries that I will be posting for this month. So keep posted and learn why spending more now may actually save you hundreds or thousands of dollars down the road. There are reasons why cars are more expensive than the others, and most of it entails the quality of the vehicle and the technology being used in the said car.

What are the basic types of auto insurance coverage?

posted on January 10, 2008 in Q&A

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The basic types of auto insurance coverages are:

1. bodily injury liability, which provides coverage for bodily injury claims from the people you might injure in an accident

2. property damage liability, which covers any property damages to third parties — such as another person’s car you damage — which you cause or are responsible for

(more…)

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