AUTO CAR INSURANCE

7 Money Saving Ideas

7 Money Saving Ideas

#1) Raise your deductible.

Your "deductible" is the amount you pay when you make a claim before your insurance company pays. The disadvantage of raising your deductible is that when you do make a claim, you’ll pay more. The advantage is that your insurance costs yearly go down. Go a number of years saving money without making a claim and your ahead. This tip can be applied to collision and comprehensive sections of your insurance policy.

#2) Drop your collision and/or comprehensive insurance on older autos.

Sometimes it’s just not worth paying for these kinds of insurance- if your car is not worth that much to begin with. That’s because the amount you pay for the deductible plus the amount you pay for the insurance may not be more than the value of the car itself. An auto dealer or certain automotive magazines can help you determine the value of your auto.

#3)Buy a "lower profile" vehicle.

Part of what determines the coat of insurance is the kind of vehicle you drive. Some are favorites for thieves. Some are more expensive to repair. Generally these vehicles will cost more to insure. It pays to do your research before you buy.

#4) Take full advantage of low mileage or distance discount rating—Some insurance companies give discounts to people who drive less than a pre-determined number of miles each year or drive certain distances to and from their place to work.

#5) When you move, consider the cost of insurance

Yes, the cost of insurance varies from place to place, even right here in York Region. Some areas can be considerably higher. Keep your broker informed and this may save you money. The right territory!

#6)Make sure the rating and use of your vehicle is correct.

Many manufacturers offer similar model names for vehicles and insurance costs can vary. Even 2 or 4 doors or the wrong model can effect the cost .

#7)Have your broker check other insurance company discounts

Insurance companies try to reward good risks. That’s the kind of driver they want. A lot of companies offer discounts to drivers who also have other kinds of insurance with them such as their homes. This is called a multi-policy discount. Other discounts available might be - multiple vehicles, anti-theft devices, retirees, drivers education, abstainers from alcohol, age, and distance to university/colleges for students. To name a few. Check with your broker to all that are available---- it will save you money!

Do You Know Your Optional Benefits?

6:30:00 AM Attendant Care Benefits , Caregiver , Death & Funeral Benefits , Dependent Care Benefits , Income Replacement , Medical , Rehabilitation

Do You Know Your Optional Benefits? -You may purchase a variety of optional accident benefits (Ontario, Canada) which build on the basic accident benefits levels. These optional benefits follow You, the insured, rather than the insured vehicle.

Income Replacement

Your basic policy provides up to $400/week (after 7 day wait) for an injury resulting from an automobile accident which prevents you from working at your usual occupation. This benefit is based on 80% of net income. You may increase this to limits of $600, $800, or $1,000/week .

Death & Funeral Benefits

Your basic policy provides $25,000 death benefits to a surviving spouse and $10,000 to each surviving dependent. You may increase this to $50,000 death benefit to a surviving spouse and $20,000 to each surviving dependent. Your basic policy provides $6,000 funeral benefit. You may increase this to $8,000

Medical, Rehabilitation & Attendant Care Benefits

Your basic policy provides up to $1,000,000 for catastrophic injuries (e.g. serious brain injury) and $100,000 for non catastrophic injuries for medical and rehabilitation expenses (in addition to those covered by O.H.I.P.). Your policy also provides up to $1,000,000 for catastrophic injuries for attendant care expenses (up to $6,000/month) and $72,000 for non catastrophic injuries (up to $3,000/month). You may increase this benefit by $1,000,000 beyond the basic limits.

Caregiver & Dependent Care Benefits

Your basic policy provides benefits for caregivers who are unpaid (e.g. stay-at-home parents) who are basically unable to engage in caregiving after an automobile accident. You may be reimbursed for expenses up to $250/week, plus $50/week for each additional dependent. You may increase this to

$325/week, $75/week for each additional dependent. In addition, this option provides a dependent care benefit to cover the expenses incurred by employed persons to replace the care which you have been providing to your dependents. This benefit is up to $75/week for one dependent and $25/week for each additional dependent to a maximum of $150/week.

Indexation

You may purchase an additional option to index your benefits to the cost of living. (If the cost of living goes up from the time of the accident, the benefits and limits do likewise).

Please note-------innocent victims of vehicle accidents may sue an "at fault" party for pain and suffering, and loss of income and future earnings when the accident benefits under your own policy are insufficient. Please consult your broker for the extra cost for optional benefits coverage. In addition, it would be wise to check to see if your employer has benefits provided as part of employment and what benefits you would receive. This allows you the ability to protect yourself and your family by assessing the overall situation and making a wise decision.

"Usual suspects" top the most - stolen list

Data from the 1198 National Insurance Crime Bureau

shows that the Japanese cars are the most popular among American thieves. But.......... American cars are creeping Top 10 Vehicles stolen in 1998

Up on the Top 10 most-stolen vehicle list, the Honda Accord has retained the dubious ward of "most popular car among thieves" in 1998.

2. Toyota Camry American vehicles make up 60 percent of the Top 10 list.

3. Chevrolet full size pickup (C/K)

4. Jeep Cherokee/Grand Cherokee pickups and SUV’s.

5. Honda Civic

6. Oldsmobile Cutlass

7. Ford full size pickup (F series)

8. Ford Mustang

9. Dodge Caravan

10. Toyota Corolla

It appears that vehicle thieves follow market trends and target the most popular vehicles because they provide the best market for stolen vehicle parts or are shipped to foreign countries illegally because of demand. It appears auto thieves follow the "money" created by demand and just don’t steal easy targets.

P.S.-----Remember this point----- The cost of stolen vehicles and the money spent by insurance companies helps determine the actual cost you pay for the comprehensive section of your vehicle insurance policy.

The less spent ................the less the cost of the insurance you would pay.

Now That I Have Saved Some Money What Should I Do?

6:30:00 AM Auto Insurance Shopping Tips , Keeping costs down

Now That I Have Saved Some Money What Should I Do?

After you have applied some of the information from the "7 Money Saving Tips" now what should you do?

Maybe have dinner out in a restaurant or buy a gift or something of that nature. But, perhaps an option more practical would be to increase your present liability coverage. For example - the minimum required by law in Ontario, Canada is $200,000 and you could increase this to $300,000, $500,000, $1,000,000 or perhaps $2,000,000 coverage if you don’t already have that protection. Another option is to perhaps increase your optional accident benefits coverage to reflect your actual financial income or situation.

Auto Insurance Shopping Tips, Keeping costs down

The bottom line is quite simple .....and that is..... to review your policy and coverage. Ask your broker questions and let your broker know your financial circumstances, income, and occupational information so that you both can evaluate your situation and overall choices to protect you and your family from hardships resulting from an accident. Have you considered Personal Umbrella Liability Insurance

Personal umbrella liability is not just for the executive. It should form an important part of your overall insurance program. It is usually provided in combination with your home insurance as an optional and separately purchased type of insurance.

If you currently carry liability insurance on your automobile, your house, boat, etc. with limits of say $1,000,000 you may not have sufficient coverage in the event of a catastrophe. A personal umbrella liability policy can increase your amount of liability insurance at a reasonable cost and give you additional protection and peace of mind.

Umbrella liability policies can also provide coverage for areas not normally covered by a liability policy.

Some examples are:

Personal injury including liable and slander
False arrestWrongful conviction
Defamation of character
Liability for volunteers to non-profit organizations such as service clubs or minor sports associations
Liability for the use of water craft that you don’t own
Liability you have agreed to accept under a contract or agreement

Please note that there are many different personal umbrella liability policies on the insurance market. Call to discuss the one that best suits your needs.

Question: Must I buy automobile insurance?

Answer: Yes! Laws everywhere in Canada require all owners of automobiles which are driven on Public roads to obtain certain basic coverage's and insurance.

In British Columbia, Saskatchewan and Manitoba, you can’t obtain your vehicle registration unless you purchase the necessary basic insurance at the same time.

Question: Must I buy $1,000,000 liability coverage?

Answer: No! The minimum liability coverage required to be carried in Ontario(Canada) Is $200,000. But, the difference in cost is minor to the benefits of the increased Coverage. Remember! People have the right to sue in certain circumstances now and with the advent of 7 & 8 passenger mini van it makes common sense to see that if several (say 4 0r 5 or more) people are injured in the other vehicle involved in the accident and it was your fault the minimum liability would be no were the ideal protection to have. It makes good sense to carry more than the minimum liability coverage.

Auto Insurance Shopping Tips

Auto insurance regulations vary from province to province, state to state, country to country, which means you’ll have to purchase different amounts and types of coverage's depending on where you live. Most provinces or states have a law which requires people to have auto insurance.

The rules of common sense also dictate that you buy, at the very least, reasonable limits of liability insurance. Because if you cause an accident and its your fault you going to have to pay for those damages. If you don’t have liability insurance then you may eventually end up paying for those damages with your assets, such as your home and your wages.

Know what you’re buying

The first thing you need to do is educate yourself about the thing you’re buying. Find out which coverage's are required in your province, which coverage you really need, and which coverage's you can do without.

Keeping costs down

Regardless of where you live or what you’re required to buy, there are some things you can do to make sure you’re getting the best deal. The most important thing to do is shop around. Call as many agents as possible. Yes, I know that it’s a drag and it takes a lot of time. Yes, I know that you may have to answer the same questions repeatedly. But look at it this way.---- Would you walk up to the first house you see and buy it?

Doing a little research can save you money. But value is the most important "Factor". Does the broker meet and exceed my expectations. Do they offer things of value to me and serve my best interests. It’s important to look at the company that’s actually going to be paying my claims, How do they compare for service? How do they compare in size and volume? What are their objectives, ideals and mission statements? Years ago these features were very hard to find, but, the computer and internet has change all of this. Visit their web sites and view them first hand.

Here are a few insurance shopping tips:

Maintain a good driving record
Ask about all discounts and what you would qualify for!
Take the highest deductible that meets your needs
For cars with low market value consider forgoing comprehensive and collision insurance
Keep the documents from previous insurance companies
Make sure you’re a listed driver on an automobile policy somewhere
Make sure you’re a listed driver if you use a company vehicle most of the time
Ask if accident waiver coverage is available- this optional coverage is available with several insurance companies and protects future increases in insurance costs due to at-fault losses
Maintain your vehicle
Make sure you’re not getting coverage that is unnecessary to you- for example, rental car coverage if you own several vehicles and some sit unused most of the time.

Car Insurance Companies

6:30:00 AM Car Insurance Companies

Car Insurance Companies - People who live and drive in Australia will want to find out more about Australian car insurance companies before they decide to purchase car insurance. With so many car insurance companies out there it is only natural to want to be insured by a company that has its offices in your country. So how do you find Australian car insurance companies?

To begin with, you could get your local telephone book and start to search for car insurance companys that are situated in Australia. Whilst this is one way of finding car insurance companies that are in Australia you will find that this can take an awfully long time and cost a lot of money in telephone calls. In addition to this you could also find that you wind up missing out on some great deals on insurance that are not offered when you telephone direct to the company.

If you don’t have a lot of time to spare to find car insurance companies in Australia a much better, and faster, way to do this is to use the internet. Here you have the world of auto insurance at your fingertips. You can search for specific types of cover (fully comprehensive, CTP or third-party) offered by Australian companies for your car – something which is useful if you know what level you need. Or you can start your search by just finding a list of car insurance companies that provide cover for drivers in Australia – the choice is yours.

To really cut down on the amount of time you spend searching for your insurance you could use a comparison website that will do most of the hard work for you. In fact the only thing that you will really need to do here is to enter your personal details (name, age, place of residence etc) and the details of your car (make, year, average annual mileage etc) and the level of cover you need. Then you press on the search button and let the website comparison tool do its thing.

When the comparison ends you will be shown a list of the top car insurance companies in Australia and a list of quotes for car insurance from them. As soon as you have this you can then run down the list of car insurance companies and their quotes to see which are the most attractive to you. Soon you will find a company and quote that are agreeable and you can then go right ahead and purchase your insurance policy online.

You might once have thought that finding Australian car insurance companies was a real pain, but not when you can use the internet. Not only is it super fast to do this you can also find a great deal on insurance from car insurance companies that you might never have thought of before. So to get great car insurance at a reasonable price take the time to go online and find car insurance companies in Australia and you will not look back.

How To Get Low And Fast Car Insurance

6:30:00 AM Car Insurance Rates

How To Get Low And Fast Car Insurance - Taking out car insurance is a legal requirement if you are planning on driving a car anywhere in Australia. Without adequate car insurance you are not only breaking the law you are also running the risk of costly repair bills should you have an accident. In fact anyone with an auto needs to have car insurance in place before they get behind the wheel to drive. So if you are in this position you will want to know how to get insured at a low cost and quickly.

Insuring your vehicle need not be a headache though, especially when you consider that you can get some great prices when you compare car insurance rates. So what are the advantages of comparing car insurance rates?

When you compare car insurance rates you can see a wide range of insurers that you might not have otherwise heard of.

Car insurance rates Australia wide can vary from state to state and using a comparison tool online will help you to work out what you should be paying.

You can alter the cost of your car insurance rates by stating what kind of cover you are looking for. For instance you can state whether you need CTP, comprehensive or third-party cover when you look for the best car insurance rates around. So if you want lower cost car insurance rates you need to look towards third-party cover, although this is not the highest form of cover.

If you think that car insurance rates won’t vary much between companies you would be wrong. One of the advantages of comparing car insurance rates is that you can check out all of the quotes you are presented with and pick out the lowest car insurance rates that will provide the cover that you need for your car.

When you compare car insurance cost for cost you will be surprised at just how fast you can do this. Rather than spending hours telephoning insurance companies or visiting each one individually online you can compare the entire market in less time that it would take you to change the tires on your car. This is ideal if you do not have much time to spare to seek out great low cost rates for your car insurance.

When you go online and compare car insurance rates you will be getting the lowest and best car insurance around. Often it can be easy to overlook a policy that would perfect for you if you are rushing around trying to get car insurance rates.

When you have found car insurance rates that are the right price for you and the correct level of cover you can go right ahead and purchase your insurance online. You don’t even have to speak to an advisor, meaning that you can get covered in the middle of the night should you wish to.

After seeing the advantages of comparing car insurance rates you will be itching to compare prices and get low cost insurance for your car.

Comprehensive Car Insurance

6:30:00 AM Comprehensive Car Insurance , Comprehensive Cover

Comprehensive car insurance - Don’t leave home without it - Some things you should never leave home without and this includes car insurance. Whether you live in the outback, or along the Gold Coast if you drive the roads of Australia then you need insurance. It’s the law. Car insurance can’t prevent accidents from happening, but is provided by insurers to protect drivers, passengers, and property alike from injury and financial devastation. Like so many other things, insurance isn’t one size fits all, so it’s important to know what your car insurance options are and what will work best for you.

Comprehensive Cover, Comprehensive Car Insurance

What does comprehensive insurance protect me from?

Purchasing comprehensive car insurance takes some of the confusion out of choosing which coverage plan is best. With comprehensive coverage you are guaranteed protection against almost all loss or damage to your vehicle and others vehicles due to collision, fire or theft, and Mother Nature.

If you own an expensive car or can’t afford to replace your car out-of-pocket then you definitely should purchase comprehensive car insurance. In addition, in some cases such as those where cars are new or still owned by a car lender, you will have to purchase a comprehensive insurance policy. Although comprehensive car insurance isn’t the cheapest form of auto insurance, it does provide the best coverage and affordable policies are available.

Comprehensive vs. CTP and Third Party Car Insurance

Although every car in Australia must have compulsory third party personal (CTP) insurance, it only covers drivers and owners for liability in regards to health and medical claims, and does not cover you for personal injury or any property damage or damage done to other vehicles. Third party property covers damage done to other vehicles in any accidents in which you were at fault, but does not cover damage done to your vehicle. So, it’s easy to see why comprehensive coverage is highly advisable.

Comprehensive coverage is the best of both worlds

Full comprehensive car insurance in Australia encompasses the benefits of both third party fire and theft and third party property damage, at a savings. Essentially, you get the best of both policies at a cheaper rate than purchasing both policies individually.

Every insurance company and policy is different, so it’s important to purchase the coverage you need first and any extras after that. Be sure to read any disclosures and accompanying literature regarding your policy. Also keep in mind that the more coverage you have the more expensive your policy will be, but you can still locate an affordable policy if you do some comparison shopping.

Owning comprehensive coverage not only provides the best car insurance coverage available, but can also provide you with much needed peace of mind, knowing you are covered in almost any situation.

Why Should You Go for Online Car Insurance?

6:30:00 AM Online Car Insurance

Why Should You Go for Online Car Insurance? - Right now the internet is used for millions of things each day. Not only is it a fantastic resource to help people find out information it can also be used to pay for goods and perform various tasks. Using the internet for making purchases can save people a lot of time and effort and buying online car insurance is no different. So why should you go online for car insurance?

Online car insurance is just the same as getting car insurance direct from the insurer, but with added perks such as free months of cover and lower prices.

It is possible to get an online car insurance quote in a matter of minutes, something which cannot be said for speaking to an insurer on the telephone and requesting a quote in this way.

You do not have to contact the insurer directly when you go for online car insurance. This is great news for anyone who is unable to look for car insurance out of office hours.

Often you will find that you can get cheap car insurance online using this method as there are special online deals that many insurers will offer their potential customers.

You can set the level of cover that you need with online car insurance, just as you would when applying for quotes individually. So state online whether you would like to have comprehensive cover for your car, third-party for your auto or CTP for your vehicle.

It is possible to only get quotes from online car insurance Australia only companies, which is ideal for Australian citizens.

There is no limit to the number of quotes that you can request online and you will not be penalised for looking through a large (or small) number of quotes before you make your decision.

It is possible to compare car insurance quotes online – something which can be tricky when you are looking for low cost insurance and don’t have the time to telephone many different companies and request quotes.

Using the internet to get quotes for online car insurance does not cost you a penny. So make sure you make use of the internet’s ability to give you a free online quote from every insurance company that you are interested in.

When you have found a quote and company that look right for you it is then possible to buy car insurance online in just a few minutes. Once you have done this your insurance documents will be sent out in the post and you are fully covered.

Online car insurance can be obtained any time of the day or night, so it doesn’t matter when you want to start your search. This is great news for anyone who works shifts or who has children to take care of during the day.

As you can see there are many reasons why you should look for online car insurance and this is why so many people are doing it right now.

3 Important Things You Can Do To Protect You and Your Family

8:09:00 AM Accident Car Insurance , Auto Insurance , Auto Insurance Questions , auto insurance rates , Car Insurance

3 Important Things You Can Do To Protect You and Your Family

You can have the peace of mind and security that you and your Family Deserve! I’m really excited about revealing to you some important tips about insurance. Tips that I feel offer you and your family protection.

Here they are.

Tip #1.

Have an insurance specialist conduct a risk analysis on your automobile, property and family. You live in a complicated world. Your life probably has more risk than you’d dream of.

Tip #2.

Use an Independent Insurance Broker. Do you know the difference between a broker and agent? An Agent represents only one insurance company. A broker (such as ourselves) offer policies from a number of different companies. Some have different features.You want a good price! You want good protection! You want good value! Use an Independent Insurance Broker to shop the market for you for the right coverage ,protection and price.

Tip#3.

Don’t trust the financial protection of your family to an insurance agent who is not a specialist with automobile insurance. Insurance is a large industry. There’s insurance for almost everything. Anything you can have, do, own, manage or imagine - there’s probably insurance for it. Insurance is a very technical business. Policies, coverage, endorsements, exclusions. It has a language all its own. And the insurance needs of each person are highly specific and unique to each. You know your automobile is probably one of your biggest assets.

But did you know...........it can be a deadly liability too?

Protect yourself and your family by using an insurance broker who is willing to listen, evaluate, explain and recommend.

P.S.- For most people, automobile insurance is a mystery. They don’t understand it until something happens directly to them!

Comparing Car Insurance is Smart And Easy

8:01:00 AM Comparing Car Insurance

Comparing Car Insurance is Smart And Easy - No matter how large or small the purchase, it’s always a good idea to do some comparison shopping, and shopping for car insurance is no different. Having auto insurance in Australia is a necessity, but paying for it doesn’t mean that you have to go for broke. Comparison shopping for a competitive policy on auto insurance and third party fire and theft insurance is made easy by knowing your coverage needs and keeping things simple.

First things first

Before you purchase any insurance premium it’s important to know what level of coverage you need for your vehicle. In Australia there are several levels of insurance coverage: the required compulsory third party personal (CTP), comprehensive, and third party fire/theft. CTP insurance is required in Australia, and provides compensation to almost anyone who is hurt in an accident caused by a negligent driver, excluding the driver at fault. Comprehensive coverage is the highest level of insurance you can have and will cover fire, damage, theft, and liability for damages your car causes to the property of others. Third party property, fire and theft insurance offers an alternative to full comprehensive coverage, if you only want to purchase limited protection against any damages your car causes to the property’s of others, as well as protecting your own car from fire and theft.

Keep it simple

Many car owners don’t bother with comparing car insurance simply because they believe that it will take a lot of time or they are afraid of switching insurance providers. Both concerns are unnecessary- the internet provides the fastest way to compare rates online for car insurance and to become familiarized with most reputable insurance companies at the same time. A few simple calls to your local insurance agencies can also result in getting some great insurance quotes as well.

Advantages of comparison shopping

The number one reason that any car owner should compare car insurance is to determine that are receiving the best coverage vs. premium cost. It’s not a smart choice to seek the cheapest insurance rate, just for money’s sake. Nor is it wise to accept the first car insurance quote you receive. Many individuals mistakenly seek out the lowest rates on car insurance but fail to ensure that have adequate coverage, which can result in higher out-of-pocket expenses down the road. Another common mistake is to assume that the first price you are quoted is automatically the cheapest rate you can get. Don’t fall for it. Although each car insurance company typically uses the same criteria to determine their rates, they often calculate their premium rates differently; which means that shopping around can provide you a more accurate guideline for rate prices.

Be smart when it comes to shopping for your auto insurance. Taking a little time to compare car insurance can mean big savings for you.

AUTO CAR INSURANCE

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Technology

November 2018