Archive for the ‘florida’ Category

Buying Car Insurance on the Internet

Friday, July 24th, 2009

Traditionally, to obtain automobile insurance, vehicle owners were required to walk into an insurance agency, sit down with a licensed agent, and complete a paper application. With the introduction of computers and programs created solely for insurance companies, this process was made easier and more efficient. A quote can be delivered in minutes and all information provided by the consumer can quickly be verified online. The insurance policy can be completed and delivered within the hour. Thus, the client can walk out the door, policy in hand, and immediately get behind the wheel of their vehicle. Policy changes are also an uncomplicated process to handle. Transferring insurance from one vehicle to another, adding or removing coverages, and cancelling a policy can be performed in mere minutes.

As technology improves and procedures become more efficient, more and more options are offered to those seeking to purchase items online. Consumers can purchase everything from jewellery, clothing, food, and even auto insurance on the Internet. There are a countless number of websites that are available to obtain quotes and purchase auto insurance without even leaving the comfort of your home. But are these websites really advantageous to consumers and are they a more viable option than dealing face to face with a reputable insurance agent?

When a client obtains a quote, whether it comes directly from an insurance company or through a website online, it is important to remember that it is just that – a quote. The amount isn’t necessarily guaranteed. There are a lot of influences that can increase or decrease what you will actually pay in the end. A quote usually only consists of basic information; your personal information, the type of vehicle you drive, and what coverages you require all play a part. Once you actually decide to purchase the policy, all of the information provided will be verified and could change the final rate.

Sure, shopping for insurance online can be quick and convenient, and sometimes even less expensive than obtaining it from an agency down the street, but do they necessarily offer more benefits? There are several questions you need to pose before committing yourself to a certain insurance policy.

Everyone who sells insurance is required to hold a license which allows them to perform this job. Attempting to issue an insurance policy without a license is illegal, and may result in an accident or claim not actually being adequately covered. There are many aspects involved when purchasing insurance and most consumers will have at least a page full of questions and concerns. A Website isn’t a live person and cannot always provide the answers you seek in a reasonable amount of time. A website cannot thoroughly explain all coverages available or clear up any misconceptions you may have. An insurance agent can fully explain every detail of the contract to you. If you purchase online, there may be some valuable and important information that you overlook.

In this age of technology, there is a rising concern regarding privacy issues. A licensed and reputable insurance agent is required to advise you of their privacy policy and provide you with a written copy that you must agree to and sign. This gives them permission to collect any personal information about you that pertains to obtaining insurance. There may be a portion of the website that reviews this with you, but ultimately, should it be needed for whatever reason, there will not be a hard copy that has been signed to show that you agree with the policy. There is also a risk anytime you disclose personal information over the internet. You may be privy to identity theft if your information is sent over an unsecured site.
If you have a dispute or need a problem resolved, how can you really be sure that it can be addressed properly? If you deal with a local insurance company, then you can always call them or drop by and they can certainly attempt to solve any problems on the spot. A website is a group of faceless pages that simply spit out information. You need to make sure that there is some sort of customer service department that you can write to or call. Even if there is one available, it may not be efficient and convenient.

Purchasing auto insurance on the internet may be the right course for you to take, however, before you come to that conclusion, make sure to fully research the company that you choose. This can help you save money and prevent any future problems.

Auto Insurance for Used Cars

Friday, July 24th, 2009

For people who live and work in large centres, public transportation such as busses or taxi cabs are available options to commute to work and back. Those who reside in smaller cities or towns don’t always have that choice. They will more than likely be required to drive to work. Especially in today’s economy, it may not be feasible to purchase a brand new vehicle. Some people don’t have the money for a down payment at their disposal, and many cannot afford to be locked in for years paying a monthly car payment with high interest rates tacked on. Their other option is to purchase a used vehicle. This is considerably cheaper.

There are a few things to keep in mind when it comes to insuring a used vehicle. From the moment a vehicle is purchased it depreciates in value and continues to do so every year. If you obtain a used vehicle, the value has already depreciated substantially. If you are involved in an automobile accident in a used vehicle, the insurance company will determine if the repair costs are more than the value of the vehicle. If they deem this to be the case, they will consider your automobile to be a total loss and will only pay you what the actual cash value of the vehicle is at the time of the loss. This can amount to a very low cash settlement.

Because of this reason, you need to determine what insurance coverages are more beneficial and feasible to add on. Liability is always a mandatory coverage. This will protect a driver against any damages or injuries that result from an accident that is determined to be their fault. Bodily injury will cover any injuries sustained in a collision, and property damage will cover any damages to another party’s vehicle. If your used vehicle is worth less than $2000, then you are better off just purchasing liability insurance. Liability limits are the same regardless of whether you driver a new or used vehicle. Either one has the potential to cause the same amount of injuries or damages.

Another coverage which is not always mandatory, but is certainly highly recommended, is uninsured/underinsured motorist coverage. There is a percentage of motorists who choose to not put adequate liability coverage on their vehicle and some just flat out neglect to purchase insurance at all. If you happen to be involved in an accident with one of these drivers, this coverage will protect you against any financial losses you may be subject to.

If your automobile is used, but still worth more than $2000, you can consider adding on additional optional insurance coverages. Collision covers any damages to your vehicle should you hit another vehicle or object. Comprehensive will protect you from financial losses incurred as a result of fire, theft, vandalism, hit and run, and animal collisions. Each of these coverages involves a deductible, which is the amount you are required to pay out of pocket before your insurance company will pay for damages. If you have a small claim, you may want to consider not claiming through your insurance company and just pay for the damages yourself. If you increase the amount of your deductible, your rates will be reduced, but you should keep in mind that the deductible chosen must be feasible for you to pay. It won’t benefit you if you choose a higher deductible to lower your rates and then find that you can’t afford to pay it.

Glass coverage is also something that should be considered when insuring a used car. Glass is usually covered under comprehensive insurance. If you desire to have all of your windows covered for any type of damage, then the premiums will be substantially higher. You can opt for limited glass coverage which will still cover your windows in certain situations but not in others. If you are involved in an accident or an animal collision, you will be able to have your glass damage repaired. However, in the case of vandalism or rock chips, there may be limitations and conditions that will determine if the damage will be insured. By adding this endorsement onto your policy, your premiums will be reduced.

You will still be responsible for paying the deductible, so you should compare the deductible and the extra cost of insurance to the expense of paying for a new windshield yourself. For a basic windshield, you would more likely be better of just buying it yourself.