As we all know, there are many factors that influence our auto insurance costs, including the cars that we drive, the places we live, and our genders, ages and driving records. When it comes to the car we drive, a major consideration for insurers is whether that car is frequently stolen. If your car is on the list of most stolen vehicles, most insurance companies will charge you a higher rate to insure it.
Non-profit organizations such as the National Insurance Crime Bureau (NICB) track the most stolen vehicles in America by tallying all cars that are reported stolen by law enforcement agencies each year. The NICB's most current top 25 list of most stolen vehicles nationwide is as follows:
1. Toyota Camry
2. Honda Accord
3. Honda Civic
4. Chevrolet Full Size C/K Pickup
5. Ford Full Size Pickup (150/250/350)
6. Jeep Cherokee/Grand Cherokee
7. Oldsmobile Cutlass/Supreme/Ciera
8. Dodge Caravan/Grand Caravan
9. Ford Taurus
10. Toyota Corolla
11. Chrysler/Dodge/Plymouth Neon
12. Nissan Sentra
13. Chevrolet Caprice
14. Ford Explorer
15. Chevrolet Cavalier
16. Chevrolet Compact SUV (Blazer)
17. Plymouth Voyager/Grand Voyager
18. Toyota Pickup
19. Pontiac Grand Am
20. Ford Escort
21. Acura Integra
22. Dodge Ram Pickup
23. Nissan Maxima
24. Ford Mustang
25. Buick LeSabre
Even if your car is high on this list – You CAN protect it!
There are a number of measures you can take to help safeguard your car from being stolen, even from the most experienced thief. The NICB recommends the following “layers of protection;” saying the more layers of protection on your vehicle, the more difficult it is to steal. Think about it, can you imagine what you would do without your car for even a week, let alone longer? Don’t let these professional thieves profit on the car you count on to get you to all the places you need to go.
Layer #1 – Common Sense
An unlocked vehicle with a key in the ignition is an open invitation to any thief, regardless of which anti-theft device you use. The common sense approach to protection is the simplest and most cost-effective way to thwart would-be thieves.
Secure your vehicle even if parking for brief periods. You should always:
•Remove your keys from the ignition
•Lock your doors/close your windows
•Park in a well-lit area
Layer #2 – Warning Device
The second layer of protection is a visible or audible device which alerts thieves that your vehicle is protected.
Popular second layer devices include:
•Audible alarms
•Steering column collars
•Steering wheel/Brake pedal lock
•Brake locks
•Wheel locks
•Tire locks/Tire deflators
•Theft deterrent decals
•Identification markers in or on vehicle
•Window etching
•Laminated glass
Layer #3 – Immobilizing Device
The third layer of protection is a device which prevents thieves from bypassing your ignition and hot-wiring the vehicle.
Some electronic devices have computer chips in ignition keys. Other devices inhibit the flow of electricity or fuel to the engine until a hidden switch or button is activated.
Popular third layer devices include:
•Smart keys
•Fuse cut-offs
•Kill switches
•Starter, ignition and fuel disablers
Layer # 4 – Tracking Device
The final layer of protection is a tracking device which emits a signal to a police or monitoring station when the vehicle is reported stolen. Tracking devices are very effective in helping authorities recover stolen vehicles.
Passive and Active Anti-Theft Systems.
Passive and active anti-theft devices are the two options available when considering an anti-theft system. Passive devices automatically arm themselves when the vehicle is turned off, the ignition key removed, or a door is shut. No additional action is required. Active devices require some independent physical action before they are set, such as pushing a button, or placing a "lock" over a vehicle component part. This physical action must be repeated every time the anti-theft device is set or it will not function.
We can’t predict the future, but we can help safeguard the cars that we count on. Add a layer to your vehicle protection today!
Data is from the National Insurance Crime Bureau (NICB); and list is based on the February 26, 2004 release of comprehensive 2002 vehicle data. Visit www.nicb.org for more information.
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http://www.tampabayautonetwork.com/
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Showing posts with label auto insurance. Show all posts
Showing posts with label auto insurance. Show all posts
Tuesday, November 3, 2009
Monday, November 2, 2009
What a DUI Will Do To Your Auto Insurance Rates
As if the cost of a life and emotional devastation isn't enough to serve as a deterrent for not drinking and driving, few drivers realize the financial impact they will endure if convicted of operating a motor vehicle while under the influence (DUI). Unfortunately, even the most "regular" people continue to take the calculated risk of driving after a few drinks with delusions of sobriety. If you're a driver who tends to gamble in this situation, are you prepared to cough-up $10,828 in total costs?
DUI's Impact on Car Insurance
All emotions aside: a DUI dramatically increases the degree of risk an insurance company assumes in order to underwrite your car insurance policy. After a DUI, you will be categorized as a high risk driver and can expect your current premiums to double-if your carrier doesn't just simply non-renew your policy.
MADD (Mothers Against Drunk Driving) reports that the average first time DUI offender can expect his/her car insurance rates to range between $3,600 and $6,600 a year. Depending on how long a DUI remains on your state's driving record, these rates are known to continue for up to 7 years. Furthermore, any additional accidents and tickets (past or future) can easily make the situation exponentially more difficult-tripled insurance costs!
Additional Costs of a DUI
Unless you live in a major city, there really is no substitute to driving. From the perspective of life's real world priorities, being able to drive ranks just below air, water, food, and shelter. Salvaging this privilege after a DUI though involves more than just expensive car insurance rates. Depending on the state you live in, additional costs can include:
•Towing: $300 - $1,200
•Bail: $250 - $2,500
•Fines and Court Fees : $500 - $2,500
•Attorney Fees (average): $2,500
•Mandatory Education and Treatment: $350 - $2,000
•Electronic Home Monitoring: $150 - $2,250
•Ignition Lock: $730 - $2,800
What the above estimates fail to account for the number of hours it takes to satisfy all the corresponding obligations. Time spent in court, at classes and treatment, restitution services, and even jail time can turn a person's world upside-down. Interestingly, states like Washington make matters more complicated by automatically suspending driving privileges for 90 days upon the first offence. Think of how you would even get to court?
Furthermore, since a DUI is criminal offence, your driving record will be complemented by a criminal record. If your vocation values the integrity of such a mark (medical, transportation, finance, etc.) finding a new job can become as complicated as finding affordable car insurance.
Affordable Car Insurance After a DUI?
Although a DUI is a mistake that ravishes a person's finances, it is possible to bounce back after a conviction. Every day that passes after your DUI conviction can lower your rates, because older charges have less of an impact on your risk profile, especially if you were a teenager or young adult at the time of your conviction. More so than any other driver, you should shop around for lower rates. Although you won't have as many options, don't fall into the trap of signing on with the first company that approves your application. Conduct research, compare quotes, and make a careful decision. In the meantime, take a conservative approach to driving and don't get any tickets or become involved in accidents.
Unfortunately, organizations like MADD exist because people continue to take the risk of driving under the influence. Nearly 17,000 people died in DUI related car accidents in 2005 alone. If this doesn't deter you, then maybe the $10,828 total out-of-pocket expenses for a first-time offender will.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
DUI's Impact on Car Insurance
All emotions aside: a DUI dramatically increases the degree of risk an insurance company assumes in order to underwrite your car insurance policy. After a DUI, you will be categorized as a high risk driver and can expect your current premiums to double-if your carrier doesn't just simply non-renew your policy.
MADD (Mothers Against Drunk Driving) reports that the average first time DUI offender can expect his/her car insurance rates to range between $3,600 and $6,600 a year. Depending on how long a DUI remains on your state's driving record, these rates are known to continue for up to 7 years. Furthermore, any additional accidents and tickets (past or future) can easily make the situation exponentially more difficult-tripled insurance costs!
Additional Costs of a DUI
Unless you live in a major city, there really is no substitute to driving. From the perspective of life's real world priorities, being able to drive ranks just below air, water, food, and shelter. Salvaging this privilege after a DUI though involves more than just expensive car insurance rates. Depending on the state you live in, additional costs can include:
•Towing: $300 - $1,200
•Bail: $250 - $2,500
•Fines and Court Fees : $500 - $2,500
•Attorney Fees (average): $2,500
•Mandatory Education and Treatment: $350 - $2,000
•Electronic Home Monitoring: $150 - $2,250
•Ignition Lock: $730 - $2,800
What the above estimates fail to account for the number of hours it takes to satisfy all the corresponding obligations. Time spent in court, at classes and treatment, restitution services, and even jail time can turn a person's world upside-down. Interestingly, states like Washington make matters more complicated by automatically suspending driving privileges for 90 days upon the first offence. Think of how you would even get to court?
Furthermore, since a DUI is criminal offence, your driving record will be complemented by a criminal record. If your vocation values the integrity of such a mark (medical, transportation, finance, etc.) finding a new job can become as complicated as finding affordable car insurance.
Affordable Car Insurance After a DUI?
Although a DUI is a mistake that ravishes a person's finances, it is possible to bounce back after a conviction. Every day that passes after your DUI conviction can lower your rates, because older charges have less of an impact on your risk profile, especially if you were a teenager or young adult at the time of your conviction. More so than any other driver, you should shop around for lower rates. Although you won't have as many options, don't fall into the trap of signing on with the first company that approves your application. Conduct research, compare quotes, and make a careful decision. In the meantime, take a conservative approach to driving and don't get any tickets or become involved in accidents.
Unfortunately, organizations like MADD exist because people continue to take the risk of driving under the influence. Nearly 17,000 people died in DUI related car accidents in 2005 alone. If this doesn't deter you, then maybe the $10,828 total out-of-pocket expenses for a first-time offender will.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
Sunday, November 1, 2009
What Impacts Auto Insurance Costs?
We all know that there are many factors that can affect your auto insurance costs. Some of the more obvious determinants are:
•Gender and Age. Young male drivers are typically the most expensive to insure, especially if they have any type of mark on their driver's record.
•Driving Record. Tickets, accidents, being caught driving while under the influence of drugs or alcohol…they all add up and translate into higher auto insurance costs.
•Miscellaneous Discounts. If you are a good student, if you have safety features installed on your car, if you have low mileage on your car, if you are a senior, if you are in the military…all of these can mean discounts on your auto insurance costs. But, did you know that where you live and what you drive may also impact your auto insurance costs?
Location, Location, Location
It's a fact, auto insurance rates in rural communities are almost always lower than those in large urban centers. Accidents tend to happen much more frequently in big cities, usually due to the high amount of cars on the road (AKA: Traffic!)
Certain states have higher insurance rates than others due to the percentage of claims filed. States like New Jersey, Washington D.C., New York and Massachusetts typically have the highest average insurance rates.
It can also cost more to settle claims in certain areas, and this can add to the cost of your insurance premiums. Expensive cars cost more to repair or replace, and wealthy urban communities will sometimes have higher average insurance rates.
Pick a Low-Profile, Safe Vehicle
How your vehicle holds up in a crash is also important to auto insurance companies. Think about it, the more a vehicle costs to repair after a crash, the more auto insurance companies will have to pay out. If there are certain vehicles that tend to be involved in more accidents, tend to incur more damage and involve more bodily harm to passengers when in those accidents, it is safe to assume those vehicles will cost more to insure. Vehicles such as sports cars and some SUVs tend to rate lower in terms of crashworthiness, and therefore carry higher insurance rates.
Another important factor is whether or not your vehicle is on the list of those most frequently targeted for theft. Non-profit organizations such as the National Insurance Crime Bureau (NICB) and the Highway Loss Data Institute (HLDI) track the most commonly stolen vehicles. The NICB lists tend to track all vehicles on the road (often meaning the most popular cars are those most commonly stolen), while the HLDI tracks results based on the number of insured vehicles on the road (meaning those with higher theft claims top the list). The NICB lists the five most commonly stolen vehicles in the U.S. in 2001 as the Toyota Camry, the Honda Accord, the Honda Civic, the Oldsmobile Cutlass/Supreme/Ciera and the Jeep Cherokee/Grand Cherokee. The HLDI list the five vehicles with the highest theft claim frequencies in 2001 as the Acura Integra, the Jeep Wrangler, the Jeep Cherokee 4WD, the Honda Prelude and the Mitsubishi Mirage.
Basically, all these cars will most likely be more expensive to insure. Make sure you check out the insurance costs of a particular vehicle before purchasing it.
If your car is stolen, make sure to contact the police right away. Have information such as the year, make and model of your vehicle, your license plate number, the VIN (vehicle identification number), where the theft occurred and what time of the day. Next, you should inform your insurance company that the car was stolen. The more quickly you do this, the more quickly they can get started on processing your claim.
Conclusion
Along with the obvious factors about you, the person to be insured, other factors about your vehicle type and where you live are likely to affect your auto insurance costs. Make sure to compare quotes before purchasing an insurance plan, and find one that best suits you, your vehicle, and your locale.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
•Gender and Age. Young male drivers are typically the most expensive to insure, especially if they have any type of mark on their driver's record.
•Driving Record. Tickets, accidents, being caught driving while under the influence of drugs or alcohol…they all add up and translate into higher auto insurance costs.
•Miscellaneous Discounts. If you are a good student, if you have safety features installed on your car, if you have low mileage on your car, if you are a senior, if you are in the military…all of these can mean discounts on your auto insurance costs. But, did you know that where you live and what you drive may also impact your auto insurance costs?
Location, Location, Location
It's a fact, auto insurance rates in rural communities are almost always lower than those in large urban centers. Accidents tend to happen much more frequently in big cities, usually due to the high amount of cars on the road (AKA: Traffic!)
Certain states have higher insurance rates than others due to the percentage of claims filed. States like New Jersey, Washington D.C., New York and Massachusetts typically have the highest average insurance rates.
It can also cost more to settle claims in certain areas, and this can add to the cost of your insurance premiums. Expensive cars cost more to repair or replace, and wealthy urban communities will sometimes have higher average insurance rates.
Pick a Low-Profile, Safe Vehicle
How your vehicle holds up in a crash is also important to auto insurance companies. Think about it, the more a vehicle costs to repair after a crash, the more auto insurance companies will have to pay out. If there are certain vehicles that tend to be involved in more accidents, tend to incur more damage and involve more bodily harm to passengers when in those accidents, it is safe to assume those vehicles will cost more to insure. Vehicles such as sports cars and some SUVs tend to rate lower in terms of crashworthiness, and therefore carry higher insurance rates.
Another important factor is whether or not your vehicle is on the list of those most frequently targeted for theft. Non-profit organizations such as the National Insurance Crime Bureau (NICB) and the Highway Loss Data Institute (HLDI) track the most commonly stolen vehicles. The NICB lists tend to track all vehicles on the road (often meaning the most popular cars are those most commonly stolen), while the HLDI tracks results based on the number of insured vehicles on the road (meaning those with higher theft claims top the list). The NICB lists the five most commonly stolen vehicles in the U.S. in 2001 as the Toyota Camry, the Honda Accord, the Honda Civic, the Oldsmobile Cutlass/Supreme/Ciera and the Jeep Cherokee/Grand Cherokee. The HLDI list the five vehicles with the highest theft claim frequencies in 2001 as the Acura Integra, the Jeep Wrangler, the Jeep Cherokee 4WD, the Honda Prelude and the Mitsubishi Mirage.
Basically, all these cars will most likely be more expensive to insure. Make sure you check out the insurance costs of a particular vehicle before purchasing it.
If your car is stolen, make sure to contact the police right away. Have information such as the year, make and model of your vehicle, your license plate number, the VIN (vehicle identification number), where the theft occurred and what time of the day. Next, you should inform your insurance company that the car was stolen. The more quickly you do this, the more quickly they can get started on processing your claim.
Conclusion
Along with the obvious factors about you, the person to be insured, other factors about your vehicle type and where you live are likely to affect your auto insurance costs. Make sure to compare quotes before purchasing an insurance plan, and find one that best suits you, your vehicle, and your locale.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
Tuesday, October 27, 2009
10 Ways To Lower Your Car Insurance Rates
With all the expenses one has in regards to their car- gas, maintenance, and of course car insurance; you auto insurance could be the easiest one to save money on. Taking time to review your policy, taking time to compare multiple quotes, and raising your deductible are just some of the ways you can start saving on car insurance.
1. Shop and Compare Rates Every 6 Months
If you check your car insurance rates in January, make sure your check them again in June. According to an independent study, people who compare rates and switch carriers at InsWeb.com save an average of $301* on a six month policy. Consider the savings over 12 months! Tickets or no tickets, you're a different driver than you were last summer. Get updated quotes and see what your individual savings could be.
2. Lower Your Premium by Selecting Higher Deductibles
Simply put, the higher your deductible, the lower your premium. Indeed the cost of an accident will be that much more expensive; however, if the damage is minor (grey zone in making accident claim), you'll be spending the same out-of-pocket amount regardless.
3. Make a Cheaper Policy Even Cheaper: Don't Pay in Monthly Installments
Additional administrative fees are commonly applied to payments when you split your premium in to installments (i.e. monthly, semi-annual, annual). Be aware that a monthly fee of even $7 can add up to $84 over 12 months.
4. Look for Multi-Line Insurance Discounts
The most under recognized car insurance discount results from the multi-line insurance policy: buying your auto insurance and your homeowners insurance from the same insurance company. According to the Insurance Information Institute, a multi-line policy can save you up to 15% on both premiums.
5. Collect on Good Driving Car Insurance Discounts
Most insurance companies reward good driving with lower premiums. In fact, in some states a good driving discount is required by law. If you haven't had any accidents or tickets in the last three to five years, shop at InsWeb.com and see whether you are missing out on this money savings discount.
6. Don't Overpay for Tickets in your Car Insurance
Unfortunately moving violations are an accurate reflection of your liability to an insurance company, and your rates can skyrocket as a result. Perhaps you deserve a higher rate, but don't let the insurance company unduly punish you. Shop around and see if you can find a more reasonable rate with another company.
7. Look for Safe Vehicle Auto Insurance Discount
Many companies offer discounts for various safety features on your vehicle, including air bags, alarms, factory-installed mechanical seatbelts and antilock brakes. In getting updated insurance quotes, be sure to indicate such safety features to benefit from available discounts.
8. Don't Overpay for Your Unnecessary Coverage
You may be paying for coverage that you don't need. For example, you may be a member of an auto club that provides towing services, yet you're also paying for towing on your auto insurance policy. Look for opportunities to eliminate unnecessary costs.
9. Look for a Good Student Discount or Senior Discount
Students currently enrolled in school often receive a discount on auto insurance for good grades, as many companies feel conscientious students make conscientious drivers. Similarly, insurance companies are known to value the wisdom of an experienced driver, offering discounts to drivers over 50 as a result.
10. Insurance Discount: Pay Less for Driving Less
Many insurance companies will offer discounts on vehicles that incur low annual mileage. In fact, some companies have a predetermined number of what they consider low mileage. Has your commute changed? If so, it might save you money to get an updated quote.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
1. Shop and Compare Rates Every 6 Months
If you check your car insurance rates in January, make sure your check them again in June. According to an independent study, people who compare rates and switch carriers at InsWeb.com save an average of $301* on a six month policy. Consider the savings over 12 months! Tickets or no tickets, you're a different driver than you were last summer. Get updated quotes and see what your individual savings could be.
2. Lower Your Premium by Selecting Higher Deductibles
Simply put, the higher your deductible, the lower your premium. Indeed the cost of an accident will be that much more expensive; however, if the damage is minor (grey zone in making accident claim), you'll be spending the same out-of-pocket amount regardless.
3. Make a Cheaper Policy Even Cheaper: Don't Pay in Monthly Installments
Additional administrative fees are commonly applied to payments when you split your premium in to installments (i.e. monthly, semi-annual, annual). Be aware that a monthly fee of even $7 can add up to $84 over 12 months.
4. Look for Multi-Line Insurance Discounts
The most under recognized car insurance discount results from the multi-line insurance policy: buying your auto insurance and your homeowners insurance from the same insurance company. According to the Insurance Information Institute, a multi-line policy can save you up to 15% on both premiums.
5. Collect on Good Driving Car Insurance Discounts
Most insurance companies reward good driving with lower premiums. In fact, in some states a good driving discount is required by law. If you haven't had any accidents or tickets in the last three to five years, shop at InsWeb.com and see whether you are missing out on this money savings discount.
6. Don't Overpay for Tickets in your Car Insurance
Unfortunately moving violations are an accurate reflection of your liability to an insurance company, and your rates can skyrocket as a result. Perhaps you deserve a higher rate, but don't let the insurance company unduly punish you. Shop around and see if you can find a more reasonable rate with another company.
7. Look for Safe Vehicle Auto Insurance Discount
Many companies offer discounts for various safety features on your vehicle, including air bags, alarms, factory-installed mechanical seatbelts and antilock brakes. In getting updated insurance quotes, be sure to indicate such safety features to benefit from available discounts.
8. Don't Overpay for Your Unnecessary Coverage
You may be paying for coverage that you don't need. For example, you may be a member of an auto club that provides towing services, yet you're also paying for towing on your auto insurance policy. Look for opportunities to eliminate unnecessary costs.
9. Look for a Good Student Discount or Senior Discount
Students currently enrolled in school often receive a discount on auto insurance for good grades, as many companies feel conscientious students make conscientious drivers. Similarly, insurance companies are known to value the wisdom of an experienced driver, offering discounts to drivers over 50 as a result.
10. Insurance Discount: Pay Less for Driving Less
Many insurance companies will offer discounts on vehicles that incur low annual mileage. In fact, some companies have a predetermined number of what they consider low mileage. Has your commute changed? If so, it might save you money to get an updated quote.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
Thursday, October 15, 2009
Do You Have A Cracked Windshield?
If you are a Florida resident, with a cracked windshield on your vehicle, your Auto Insurance Company will replace your windshield for FREE. Many are not aware of this fact, while others are skeptical of their rates increasing, or their deductible being higher than the cost of a new windshield.
Truth of the matter is glass breakage, as well as repair or replacement of a windshield, is typically covered by comprehensive insurance coverage which is a type of physical damage coverage. In Florida, when you have this type of policy (or collision) the deductible is waived when the front windshield is being replaced due to damage, such as it being cracked.
Florida Statute 627.7288 states that the deductible shall not apply to windshield damages. However, you must have either comprehensive or collision coverage. A policy that provides liability coverage only will not cover your windshield. If you only have the state minimum required insurance, which is PIP (personal injury protection) and property damage liability (PD), then your windshield would not be covered by these coverage’s.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
Truth of the matter is glass breakage, as well as repair or replacement of a windshield, is typically covered by comprehensive insurance coverage which is a type of physical damage coverage. In Florida, when you have this type of policy (or collision) the deductible is waived when the front windshield is being replaced due to damage, such as it being cracked.
Florida Statute 627.7288 states that the deductible shall not apply to windshield damages. However, you must have either comprehensive or collision coverage. A policy that provides liability coverage only will not cover your windshield. If you only have the state minimum required insurance, which is PIP (personal injury protection) and property damage liability (PD), then your windshield would not be covered by these coverage’s.
WEBSITE:
http://www.tampabayautonetwork.com/
TWITTER:
http://twitter.com/TmpAutoNtwrk
YOU TUBE:
http://www.youtube.com/user/TampaBayAutoNetwork
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