Lördag | May 06, 2006

What You Need To Know To Get Cheap Car Insurance Rates

Buying car insurance can be a confusing and even frustrating experience if you don't know what you are doing. So the more knowledge you can get about the subject, the better for you. And there are many ways to save on your car insurance bill if you know about them in advance. So here are some things that you need to know if you want to get cheap car insurance rates:

* Get a copy of your driving record before shopping for car insurance and make sure that it is accurate. It has been estimated that error rates can range as high as 20% on many driving records, so especially if you have received any traffic citations or tickets in the past, make sure that you check your driving record and know that it is accurate before getting insurance quotes.

* While you are at it, also check your credit report too. Many people do not know that car insurance companies usually check your credit report before issuing any policy as it gives them an idea of how reliable you are in paying your bills, including your car insurance. So if your credit score is low due to errors, which often happens, be sure to clear up the discrepancies in advance if you want to get the best car insurance quote possible.

* Avoid insurance scams and cheapie car insurance companies. Price is not the only consideration when making an auto insurance comparison. You also don't want to get ripped off by companies that may be here today and gone tomorrow. Before you accept any insurance quote, check up on the financial stability of the company at ambest.com and standardandpoors.com to see how stable that company is. They are usually rated by their financial stability and the more high marks that they receive the better for you as a consumer.

* Use the internet to get as many car insurance quotes as possible. In recent years, several internet car insurance companies have been established for those that want to buy car insurance online. The advantages of these auto insurance sites is that they let you shop quickly and get lots of quotes when you do. And since the communication is done online it saves the insurance companies money which they can then pass on as savings to you. But before you decide to accept any online quote, it's a good idea to call and speak with the company as well and verify the coverages that have been offered. And don't forget to check up on their financial stability as well. You may even want to make a phone call to the insurance commissioner on the state where the company resides to see how many customer complaints they receive about that company to help make your final decision.

Making a thorough auto insurance comparison is a good practice if you want to get cheap car insurance rates, so do your homework and most likely you will save lots of money when you do.

Posted by at 16:46:24 | Permanent Link | Comments (0) |

Fredag | April 21, 2006

Getting the Best Auto Loan Rates

Getting a good auto loan rate is not luck, but rather a skill that you must learn. There are good auto loan rates available if you know the tricks of the trade and how to negotiate to get the best deal for you. Remember, you should not be afraid or nervous when trying to negotiate your auto loan because you will be saving yourself money. That should give you the courage to try and get the best auto loan rate available. Follow these suggestions as well to guide you in buying a new care and negotiating your auto loan interest rate.

Auto Loan Tip #1 Buy at the End of the Month

Frequently car dealerships have contests and the winner of the contest gets a good prize, whether it is monetary or physical. Generally, theses contests are a month long, so by the end of the month the salesman are crazy to make a sale regardless the price. So, you will be able to negotiate a better price on your vehicle during these types of competitions. The lower the cost of your vehicle, the better terms you might be able to get for your auto loan.

Auto Loan Tip #2 Have Good Credit

Now this might seem obvious to you, but everyone is not aware how their credit will affect their auto loan rate. If you have great credit, go buy a car whenever you want because you have grounds to negotiate an auto loan on. If you have bad credit, work on rebuilding your credit for several months and then try to get an auto loan. This effort alone will help you in more areas than just your auto loan rates.

Auto Loan Tip #3 Negotiate Your Auto Loan

When talking to an auto loan lender don’t divulge how much money you can spend per month on your auto loan. If you throw out the highest number then this will be the starting point and exactly what you want to avoid. Instead, negotiate with the lender, know your limits however and that there are other car dealers and lenders out there. You never should accept a first offer without trying to get a better deal.
Posted by at 18:21:35 | Permanent Link | Comments (0) |

Renting A Car

Sometimes it is convenient having an "instant" auto, when and where you need it...paying for its use only when you have it... picking from a variety of sizes, makes and models... not worrying about maintenance problems. All these, and other valued qualities, combine to make rental cars a popular mode of transportation.

Where to Rent?
There are several auto rental companies. Many are offices of major coast-to-coast firms whose networks include locations directly within airports, and in all major cities. Other auto rental companies may be local neighborhood businesses with a single location.

Most reputable rent-a-car dealers offer you different classes of vehicles: economy, compact, mid-size, full-size 2-door, full-size 4-door, and luxury. The cars, generally, are equipped with a radio, automatic transmission, power steering and air conditioning.

Each auto renting company has its own scope of services. In determining which ones fit your needs:

Do: Match your motoring requirements with the company that best provides what you need.

Don't: Hesitate to ask questions until you choose the right company for you.

What About Rates?
Motorists can get confused when rates are discussed. Rent-a-car rates are based on a series of variable factors which include:

  • Type and size of car;
  • How long you plan to keep the car;
  • Gasoline charges;
  • Mileage charges;
  • Insurance coverages;
  • Waivers (CDW/LDW);
  • Drop-off charges;
  • Taxes;
  • Time of week; and
  • Season of year.

Car rental companies frequently offer two types of rates: a daily rate with a mileage charge, and a rate that includes free mileage (or specified number of free miles per day). Weekly rates, also, are available. Remember that specific rates vary from city to city.

Rates are often based on a 24-hour period with a one-hour grace period. If you keep the car more than four hours after this period, it may be less expensive to keep it another day, since hourly overtime charges may be high. Also, some rates such as weekend specials are only available during certain time periods. The rate you pay may change if you keep the car beyond that time.

Promotional or special rates that are lower than regular rates also may be available. Car rental arrangements are sometimes offered in tour packages that include airfare and lodging.

Reputable car rental companies that advertise a certain rate will have on hand a sufficient number of cars to meet demand. However, you should check the ad to see if it discloses the number of cars available or if the advertised cars are available on a "limited," or "first come, first served" basis. Also, check to see if the cars are available only at certain locations.

Most companies do not include the cost of gasoline in their rates. The tank is full when you pick up the car, and you pay for additional gas. Keep in mind that if you return the car without a full tank, you will be assessed a refueling charge by the car rental company which is often higher than gas station prices.

Also, when you return the car to a location other than where you picked it up, you may have to pay a "drop-off" charge. Find out what the requirements are when you make your reservations.

It is important not only to compare the rates of different firms, but to also check out the different plans offered by each company. Each type of plan offers certain advantages. To find out which type is most advantageous for you, consider how long you will want the car and the approximate number of miles you plan to drive. Then add up the cost both ways in order to find the plan that will save you the most money, yet offer the services you need.

An important consideration in any comparison of cost is to make sure that you are comparing similar types of cars, comparable insurance coverage and other personal considerations including drop-off privileges. It is a good idea to be cautious and to check out any company that advertises a rate that seems unrealistically low.

Do: Check all available rates and the services included in these rates against your requirements.

Don't: Let advertised "cut-rate" claims confuse you about real costs and services provided in the rental.

What About Insurance and Waivers?
Many auto rental companies include basic automobile liability and standard comprehensive insurance protection, including theft insurance, as a part of their service without added charge.

  • Personal Accident Insurance (PAI) is optional at an additional charge. This provides both life and medical insurance for the driver and passengers. But check your personal car insurance policy-you might already be covered.
  • Personal Effects Coverage (PEC)is also optional at an additional charge. It covers loss of, or damage to, personal property, such as luggage and cameras, in the car, with some limitations and exceptions. You should ask what is covered and what the reimbursement limits are.
  • Collision Damage Waiver (CDW)-For a daily charge, the rental firm may offer you a CDW. CDW is not insurance. However, if you take it, the company waives the right to collect the deductible on collision insurance from you. Again, check your personal car insurance policy to see if it covers damage to rental vehicles. The CDW is optional, and it is illegal for a company to require you to purchase it.
  • Loss Damage Waiver (LDW)-Provides coverage against theft and natural disasters, such as floods and lightning. Each company has its own limitations. You should ask what is covered and to what extent.

It is a good idea to examine, and be sure you understand, the insurance coverage and any waivers offered by the renting company. This is especially important when advertised rental rates are considerably lower than usual.

Be sure you give the vehicle a thorough examination for unusual dents and scratches before you take it out. Any damage should be noted on the contract before you leave the lot, even if this means going back into the rental office to make sure the damage is acknowledged in writing. Also, make sure that the spare tire and tools are in the trunk.

Do: Read and understand everything printed on the contract. Check the back of the contract-this is usually where the conditions and limitations are stated.

Don't: Rent from a firm that stalls or refuses to provide insurance information, or rents vehicles with improper insurance coverage.

Do: Review your own personal auto coverage and major credit card member benefits.

Don't: Rent from a company that refuses to provide specific information on what its waivers cover, and what exceptions apply.

Making A Reservation
In some places you may be able to walk in and rent a car without a reservation. But to make sure you will have the type of car you want, when you want it, you should reserve it in advance. Most rent-a-car companies take reservations in advance and will guarantee them with your credit card number and arrival time. Often they will provide a reservation number which you should record.

When you call for a reservation, give the time and date you want the car and your preference of model and make. Major companies will reserve a car in the cities they serve in the U.S. and even in foreign countries.

Many established rent-a-car businesses have toll-free numbers which can be called from anywhere in the United States without charge, 24-hours-a-day.

Do: Make a reservation when possible. Recheck your reservation as close to the rental date as possible.

Don't: Forget to cancel if your plans change; this releases the car for someone else.

Who Can Rent A Car
Generally, anyone with a valid driver's license and acceptable credit card can rent a car. Most companies require renters to be 25 years of age, although in some cities the age limit maybe between 18 and 21. If you do not have a credit card, but qualify for a cash deposit, most companies will require a cash deposit including the estimated rental charges, as well as other verifiable information. In some areas, rental companies accept only valid credit cards and will not take cash.

Tips To Remember
Other rent-a-car services you might look for:

  • Infant safety seats (required in most states);
  • Specialized rates over particular holidays;
  • Winterized cars with snow tires or chains, ski racks and ice scrapers;
  • Top-of-the-car luggage racks for long trips;
  • Special controls for the handicapped; and

     

  • Four-wheel drive vehicles.

Rates and options are always subject to availability.

When you reserve your car, ask if the rental company provides emergency road service. If so, you will be given a toll-free number to call if you need help. The rental company will either repair the car on the spot or bring another car to you.

Do: Wear your seat belt at all times, and always lock both car and trunk.

Don't: Leave valuables in the car.

Do: Check out the car to be sure you know where all the controls are and how to operate the equipment before driving.

Don't: Drive under the influence of drugs or alcohol.

Do: Practice common sense and courtesy on the road.
9/6/2001

© 2001 Council of Better Business Bureaus, Inc.

Posted by at 18:14:46 | Permanent Link | Comments (0) |

Onsdag | April 12, 2006

Every little helps - so forget those Tesco quotes

Everybody flocks to it. But, warns Miles Brignall, be aware the supermarket's personal finance products aren't the cheapest

Saturday September 24, 2005
The Guardian


If you are one of Tesco Personal Finance's 5 million customers you may find this article rather disturbing. The unpleasant truth is you may well be over paying for your financial products. According to Guardian Money research this week, lots of Tesco's customers, automatically renewing their insurance products, are simply paying too much.

Its car insurance can cost up to 30% more than the cheapest providers. Rival Halifax is blowing it away in the home and contents insurance market, and it's a similar story for travel and breakdown cover.

It also emerged this week that Tesco has blocked many of the internet comparison sites from its website because, critics say, having its prices compared is no longer in its best interests.

This week the supermarket revealed the extent to which it now dominates consumer spending in the UK - £1 in every £7.40 spent ends up in its coffers. Last year it made £900m profit - around £50m (down from £59 last year) was generated by the personal finance division, of which it receives £25m.

Since its launch in 1997 it has grown every year, as it has added new products. Today it offers everything from pet insurance to mortgages. It is the fifth largest provider of car insurance with 1.4m policies, it also has 1.8m credit cards in circulation.

Most products are offered in conjunction with its partner, The Royal Bank of Scotland, and its jargon-free, customer friendly approach, coupled with its perceived low prices, has obviously proved a winner.

To test whether its products offer top value, we got a series of quotes for our fictitious Smith family from Birmingham.

While quotes will always differ according to circumstances, we felt the Smiths would be typical Tesco target customers - middle-income with young children. We used a series of sources, and best buys, to provide like-for-like comparisons.

Apart from pet insurance, Tesco was significantly undercut in each area. It is being particularly hurt in the home insurance market by Halifax, which is offering massively discounted premiums for those who have not made a claim in recent years, and a 25% online discount.

Tesco's breakdown cover can look good value, but only when compared with the AA and RAC - it's very expensive against others in the market.

Many customers will be bemused by our results - not least because there is a feeling that Tesco would never be undercut in the same way by rivals in its supermarkets.

Richard Mason, a founder of internet comparison website moneysupermarket.com, suggests Tesco is just the latest personal finance provider going down a well-trodden path. "History is full of companies who build up customer numbers by quoting very attractive prices at the launch of a product. Over a number of years, they gently increase prices and rely on customers who simply renew."

He says that between 60% and 80% of consumers fail to shop around at renewal time. "When a renewal arrives, and it hasn't gone up too much, we all wrongly assume that the policy is good value and sign up," he says.

Mr Mason told us that the supermarket giant blocked the site from accessing its car insurance prices six months ago. "You can draw your own conclusion as to why, but it looks as though they don't want their prices compared," he says.

In its statement to Guardian Money, Tesco said: "We aim to offer our customers consistently good value products that are transparent, convenient and easy to buy. Our customers tell us we have done just that," says a spokesman.

"We fundamentally disagree with many providers' strategy of high, low pricing, which deliberately exploits consumer apathy. Our pricing has always been clear and consistent."

Referring to the internet site block, Tesco says it prefers to "generate business through Tesco.com, on-line affiliate programmes and search engines".

· Those signing up for all insurance products need to beware the price of spreading the cost. Tesco Car Insurance is charging 19% APR to those who want to pay monthly - Nationwide adds 23.3%, the AA adds 24.9%. On a £500 policy it is an extra £100-plus.

Posted by at 16:36:43 | Permanent Link | Comments (0) |

Car insurance prices driven back up after fall, AA figures show

THE cost of car insurance has gone up, after a long period of falling prices which left the price of cover at its lowest level for two and a half years.

New figures published by the AA show that the average comprehensive car insurance premium rose to £757 during the second quarter of the year, the same price it was at in January 2003. This rise of around £7 has wiped out the £5 fall in the average quote reported during the first three months of the year.

Kevin Sinclair, managing director of AA Insurance, said: "Tough competition in the car insurance market has helped to keep the lid on premiums over the past couple of years, despite steadily rising claims costs.

"I think this modest rise is common sense for the industry and, I believe, will turn out to be the best solution for customers.

"If the recent downward trend had continued for much longer premiums may have bounced sharply up leading to the kind of double-digit increases we saw in the mid-1990s. While the risk of a sudden hike remains, modest increases make this less likely."

The AA report also showed that home buildings insurance premiums had fallen for the sixth quarter in a row, putting them at their lowest level since the AA began tracking prices 11 years ago.

Posted by at 16:35:24 | Permanent Link | Comments (0) |

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Posted by at 16:30:00 | Permanent Link | Comments (0) |

The Car Insurance Rate Calculation Explained

Different companies will apply different factors to the way they finally arrive at a price for your Car Insurance. Generally speaking though the concept is the same. This involves collecting various bits of information from you and feeding it through a computer system which adds or takes away money depending on the answers you give.

The value put on these answers is decided by the individual Car Insurance company. For example, some Car Insurance companies may believe that having a speeding conviction increases your chance of having an accident in the future - therefore they may add money to your price if you have such a conviction. Similarly, some Car Insurance companies may decide that because you have a lot of No Claims Bonus Years then you are less likely to claim - therefore they may discount your price. All in all there are around 30 different factors that may affect your final premium.

Now you can see why you get such a difference in the price of your Car Insurance by going to various companies. Each company will have it's own view of what they believe should be assigned to each answer you give. The Car Insurance quote you get through the http://www.acceptdirect.co.uk website will look at lots of different Car Insurance prices from lots of companies. That way you can get the best possible price for your profile.

Copyright (c) 2004 Accept Direct Limited http://www.acceptdirect.co.uk

 

About The Author

Andrew Bowen is the CEO of Accept Direct Limited. Accept Direct offer car insurance to UK customers through their website http://www.acceptdirect.co.uk
Posted by at 16:22:03 | Permanent Link | Comments (0) |

Understanding The Terms When You Compare Car Insurance Prices

If you don't understand the terms that are used by car insurance companies when you make an auto insurance comparison, you may wind up spending more than you need to or even worse, not getting the coverage that you really need. It's easy to get confused when shopping for cheap car insurance rates because the language used by auto insurers is very unique and it's easy to forget what each term means. So here is a general explanation of car insurance terms that you can use the next time you compare car insurance prices.

* Comprehensive Coverage - This covers you for any damage to your vehicle that occurs as a result of anything other than an accident with another vehicle. For instance, it could include fire, flood, theft, and so on.

* Bodily Injury And Liability - This coverage is very important as it provides for injury damage to others in the case of claims that are files against you if you are involved in a car wreck. It also provides for legal fees in defense as well. There are usually two figures that are used in this type of coverage, one for the maximum that will be paid per person per accident, and the other for the total amount for all persons injured in the same accident.

* Collision Coverage - This is what is paid to either repair or replace your vehicle if it is involved in an accident with another vehicle or a fixed object.

* Personal Injury Protection (NO Fault) - In states that support this type of coverage, it pays for most expenses incurred, medical and otherwise, for those that are in your vehicle and also any pedestrians that may be hurt by an accident that you are involved in whether or not it was your fault.

* Liability Coverage - This pays for any damage done by your vehicle to someone else's property including their car, house, lawn, etc. It's most often invoked when someone files a claim against you to repair their vehicle if the accident was your fault.

* Uninsured Motorist - This is coverage that pays for your injuries and property damage even if the other person involved in the accident did not have sufficient insurance coverage. This can be very important as many people are driving around without adequate insurance, or no insurance at all, so there is a need to take steps to protect yourself in that event.

There are other options that can be considered when getting an auto insurance policy including car rental, that pays a certain amount for you to have a rental car to use while your car is being repaired as a result of an accident. Also towing coverage can be put on a car insurance policy to cover having your car towed if it breaks down. Just check to be sure that you don't already have this kind of coverage through AAA or a similar type of auto association.

If you understand the insurance terms better you can usually make a btter informed decision about the coverage you need when you compare car insurance prices.


Posted by at 16:19:40 | Permanent Link | Comments (0) |

Car Insurance Online Quotes - No Fuss

There are many ways to shop for car insurance but getting car insurance online quotes has got to be one of the easiest ways to shop for it. A car insurance online quote has many advantages such as you have access to multiple companies and you have the final say in how many car insurance quotes you get. This is a terrific way to really see what your options are and the money you can save with the best prices.

For example you can find deductibles ranging from $100.00 to $1000.00 or more so an online quote will give you an idea of car insurance prices and how they suit you, and all this with the click of your mouse. Getting a car insurance online quote is a fantastic way to check out car insurance prices. Just keep in mind that if you save on the prices of the premiums, you will be paying more out of your pocket if the need arises if you have saved on the quote by taking a higher deductible.

Car insurance online quotes are broken down according to your needs. These are still generally combined into one policy and finding a company that will do this shouldn’t be a problem when looking for car insurance policies online. You can cut down on the time you will be searching by knowing where to look and what to look for. A good company will get you out of jams and be there when you need them. They will give you car insurance prices without making you feel like your bothering them by asking.

There are a few things to watch out for when shopping for online quotes. The company websites that you visit should have no trouble in quoting a price, but they vary greatly. The best advice is to get quotes from at least three online car insurance companies. You have to make sure that the company that gives you a car insurance online quote is financially stable so you know they will be around when you need them. Be careful when you’re shopping for car insurance.

Become informed about the insurance industry before you get into buying insurance. If you’re well informed you will know what you need in insurance and it is less likely that you will be taken advantage of.

Car insurance online quotes are a good way of comparing prices, but you need to know a little more about insurance other than just the price. Make sure you

About the Author

For a website about Car Insurance visit Peter's Website Car Insurance Answers and find out about Car Insurance Quotes as well as Cheap Auto Insurance and more, including Car Insurance Rates.

© Copyright 2005 by OnLineBuffalo.com

Posted by at 16:17:27 | Permanent Link | Comments (0) |

The Car Insurance Calculation Explained

The Car Insurance Calculation Explained by Andrew Bowen










Different companies will apply different factors to the way they finally arrive at a price for your Car Insurance.  Generally speaking though the concept is the same.  This involves collecting various bits of information from you and feeding it through a computer system which adds or takes away money depending on the answers you give.

The value put on these answers is decided by the individual Car Insurance company.

For example, some Car Insurance companies may believe that having a speeding conviction increases your chance of having an accident in the future - therefore they may add money to your price if you have such a conviction.

Similarly, some Car Insurance companies may decide that because you have a lot of No Claims Bonus Years then you are less likely to claim - therefore they may discount your price. All in all there are around 30 different factors that may affect your final premium. Now you can see why you get such a difference in the price of your Car Insurance by going to various companies. Each company will have it's own view of what they believe should be assigned to each answer you give. The Car Insurance quote you get through the Accept Direct website will look at lots of different Car Insurance prices from lots of companies.

That way you can get the best possible price for your profile.

Copyright (c) 2004 AcceptDirect.co.uk http://www.acceptdirect.co.uk

Posted by at 16:15:38 | Permanent Link | Comments (0) |