New studies are showing that more and more people are unable to pay their auto insurance and are driving without insurance.   The national average is almost 14%, that is 1 in every 7 drivers. Last year in just Ohio alone there were over 1 million people with their license suspended for driving without insurance.

A little off the subject here… but we have to start buying US goods, if you can find any.  If we do not get more manufacturing back here, I do not see a way out.

When some drivers do not carry insurance, your insurance will have to cover the expense of an accident… another expense for you “uninsured motorist” and you are still responsible for the deductible.

It is imperative that you have auto insurance or YOU COULD LOSE YOUR DRIVERS LICENSE. People are taking lesser jobs and driving their automobiles’ back and forth to work without insurance.   This is a no end situation.  They take lesser jobs or have no job, lose their insurance, get a ticket costing them more money and then lose their license.  This is a terrible situation.  In today’s economy we must take advantage of every discount and get auto insurance policy quotes.

Save up to $800 on Auto Insurance! Get Quotes NOW!

Do you have flood insurance on your  Auto Insurance policy

Most people do not know if they have flood insurance until a catastrophe happens.

When getting an insurance quote make sure you know what your policy covers!

You spend a lot of money on insurance and need to know exactly what your auto insurance policy covers in the event of a natural disaster.

If you have comprehensive insurance on your policy you should be covered.

Although comprehensive insurance is not required, if you have a car loan it is usually required by the loan company until it is paid off.  So… If you have a loan on your car, you will more than likely have comprehensive insurance.  The deductibles on comprehensive insurance is usually $100-$300.

You may also not know this and may have to ask your insurance company when filing your claim.  Rental car replacement may be on your policy.  Rental replacement is so inexpensive, it is often on your policy without your knowledge.  This coverage will put you in a car until your flooded vehicle is repaired or the insurance company pays for a new vehicle.

Also find out if you have GAP insurance.

If your car is a total loss due to theft, vandalism, accident, fire, tornado, flood or hurricane Gap insurance with pay the difference between the value of your car and what is actually owed on it.  The value of your car can be less than what you owe.   This is called the gap that you will still owe on your loan.  GAP Insurance may also pay your deductible!  This insurance is relatively inexpensive and if you don’t know if you have it you should definitely ask.

I hope you have not recently experienced a catastrophic flood.  All of those that were in the path of this hurricane are in my prayers.

If you think you should have any of this coverage and are looking for a new auto insurance policy, just ask when getting multiple quotes.
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As I have discussed previously, in these times many of us need to cut corners wherever we can.  As the cost of insurance is already much more than most of us can afford we have compiled a list of discounts that are available to you through most auto insurance companies.

Auto Insurance Policy Discounts

How you drive, where you drive and how much you drive can give you great discounts.

If you live in a rural area your auto insurance policy rates will generally be lower than in a city.  The fewer people on the road, the less risk there is of an accident.

Safe Driver Discounts: This is normally the best discount you will get on your auto insurance policy.  If you have not had an accident or ticket in several years you should receive the safe drive discount.

Garage Discounts: If you park in a garage instead of on the street or in a parking lot, you should qualify for a discount.  Garage parking protects your car from damage and theft.  This will lower your comprehensive insurance policy rate.

Low Mileage Discount: If you don’t drive often usually under 12,000 mile a year you should be able to receive this auto insurance policy discount.  Obviously the less you drive the less your risk of having an accident.  You should especially look at this if you are or have recently retired.  Changed jobs and drive fewer miles to work or started a home based business.  Second cars, that are not your primary car, usually qualify.  If you join a car pool you may qualify.

Pay As You Drive: This is a new discount offered in many states by a few insurance companies.  This auto insurance policy rate is base literally on how many miles you drive and is a per mile rate.  It is offered to onstar subscribers that drive under 15,000 miles a year and is based on the exact number of miles you drive.  This is a great auto insurance policy for infrequent drivers and can save you as much as 54%.  As this is still quite new all insurance companies have not yet started it and is not yet available in every state.

Vehicle Safety Devices Discounts:

• Automatic seatbelts
• Side Airbags and airbag shutoff options.
• Anti lock brakes on all wheels.
• Anti-Theft Devices.  Electronic alarms and immobilizers that shut off the cars electrical and or fuel system.  Wheel locks and VIN Etchers (that allow you to etch the vin number into the window and list it in a national registry.
• Vehicle Recovery and Tracking System:
• Automatic Daytime Running Lights:  If your car has automatic daytime running lights you could qualify for a small discount on your auto insurance policy.
• Your vehicles safety rating.
• Crash Resistant Doors.
• Electronic Stability Systems EBS:  Traction control systems in newer vehicles ensuring complete traction with the road and prevent skidding and spinning.

Teenager Auto Policy Discounts:

• Drivers Education
• Defensive Driving Courses
• Good Student Discounts
• The type of car you drive.
• SEE Teenager Auto Insurance Policy

Group Discounts:

You may be eligible for a discount if you are a member of a credit union, the military, fraternity or sorority, professional organization or you are a federal employee.  There are many group discounts.

Defensive Driving Courses:

Taking a defensive driving course can give you a substantial discount on you auto insurance policy rate.

Green Discount:

Receive and pay you bill online instead of receiving a paper bill through the mail.

Big Brother Discount:

This discount allows your insurance company to ride along with an electronic device that actually monitors your driving.  It evaluates acceleration, braking and actually tells them when you drive, how you drive and how much you drive.  This is still fairly new and currently only offered in a few states.  I would not recommend this if you have a muscle car.

You may need to ask for these discounts, do not just assume because you are driving a automobile with a great safety rating that you are going to automatically get a discount.

Auto Insurance Policy Discount Premium Tips

Multi-Vehicle and Multi Insurance Policy Discounts: If you own more than one vehicle you should receive a discount if you insure them at the same company.  This applies to vehicles owned by you or your relatives living in the same household.  Multi Insurance Policy Discounts apply when you have your home, automobile and life insurance at the same company.

Renewal Discounts: It is a good idea to get an auto insurance policy quote a couple of times a year to see if you can get a much better rate, but some companies give you discounts the longer you stay with them

How You Pay: You normally pay less if you pay your entire premium or use automatic withdrawal for your monthly premiums.

Higher Deductibles: The higher your deductible the lower your premiums.  When choosing a higher deductible you can usually save the amount of the deductible in one year.  Try to put that aside to pay your deductible if you have to file a claim.  This is huge savings in the long term.

I believe this is a fairly thorough list of auto insurance policy discounts.  If you know of anything I should add, please leave a comment.

Save up to $800 on Auto Insurance! Get Quotes NOW!

As Auto insurance policy rates continue to go up along with everything else, some of us are finding all insurance hard to afford.  If you do not do understand your auto policy and discounts available to you, you may be paying more than you should.  Always remember to get a quote from many companies.  Doing this online is easy and free.  Get a quote now form multiple auto insurance companies and save $100 on your Auto Insurance policy rates.

Auto insurancance policies vary by company.  You need to understand the coverage that is offered to you by each and not just the price.  Please read our post on the types of auto insurance policy coverage.

Please first make sure you are familiar with the coverage that you will need.  By comparing quotes online this will give you the time you need to look over each policy and price.  Here you can get the knowledge to make sure you get the coverage you need at the lowest price possible.  As we know cheaper is not always better, but then again I always say we do what we have to sometimes in these times.

After you decide what type of insurance you need then go ahead and get a free online quote.  This will give you the opportunity to review each company and the coverage they are offering you.  This will allow you to find the best auto insurance policy rates with the best coverage for your needs.

Tomorrow I will be adding my complete list of discounts available for you auto insurance policy.

Accident Free Driver Discount Tip.  If you haven’t had an accident in the last 5-10 years you should be able to get a good driver discount!
Save up to $800 on Auto Insurance! Get Quotes NOW!

When it comes to understanding our insurance policies a lot of us of us are left in the dark, your auto insurance policy is no exception, but we absolutely have to have it to drive on the roads.  With so many types of coverage in your auto insurance policy you need to understand each one so you can make an informed decision when purchasing your insurance.

Policies can be divided into six areas collision, comprehensive, medical, bodily injury liability, property damage and uninsured motorist, some of these are mandatory and you have to purchase, the others you will have to decide if you need.  Each type is explained below in laymen’s terms to help you decide which types of auto insurance policy coverage you need.

First you need to decide if you need collision insurance.  This part of your coverage will pay for repairs to your automobile if you are in an accident.  If you carry collision on your auto insurance policy your insurance will cover the cost of repairs to you automobile, BUT as with most areas of insurance you need to understand any exclusions when you take out your policy.  Read all exclusions.  Collision insurance pays for damages regardless who’s at fault.  This usually has a deductible, the higher the deductible the lower the cost.  If you put back what you have saved in a year to cover your higher deductible all savings after that are money in your pocket.

Comprehensive insurance is also a major decision.  This will cover most things that are not listed under your collision.  This will cover damages caused by fire, floods or something dropped on your car, vandalism or theft and also broken windows.  This type of insurance is usually cheap and is easily affordable.  If you automobile is old it may not be needed.

Medical coverage is usually required and an area that should also be given great consideration.  Medical coverage will help pay expenses for injuries for you and your passengers as the consequence of an auto accident.  This coverage will cover someone who borrows your car or if you are driving someone else’s car.  You should carry as high a coverage as you can reasonably afford in this area.  Most of us are aware of the rising cost of hospitalization.  Just a few days in the hospital or even 1 emergency room visit can run into the thousands.

Bodily injury liability will help protect your assets against litigation.  This means it will pay if you are sued if you injure someone in an accident, or if there was a death as the result of your accident.

Property damage liability is also a consideration.  This will cover damage to someone elses property when you are at fault.

The final area is uninsured motorist auto insurance policy coverage.  This part of your auto insurance policy will protect you if you are ever in an accident where the other driver is at fault but does not have insurance.  All though the other person may be legally responsible for the liability you may not be able to recover your claim.

See our complete list of auto insurance policy terms.

Get a quote and save 100’s on your Auto Insurance Policy

Getting auto insurance policy quotes from numerous insurance companies competing for your business is one of the smartest things you can do to save a lot of money.

Most insurance companies offer discounts to online customers, as there are so many competing for each policy. Comparing different company’s quotes online is the best way to get a really great rate.

You should be prepared when you are getting auto insurance policy quotes. YOU should know your driving record. Occasionally driver records are recorded inaccurately. This could mean a much higher quote… of course if to your benefit I certainly wouldn’t argue! You can check your record at your states DMV online. Check your driving record before requesting a quote to make sure nothing is on your record that shouldn’t be. You could be denied or charged a much higher premium than you should.

You should know how much insurance you will need. Liability and medical covereage are usually required. The minimal amount can vary from state to state. Again you can check this at your states DMV online. It is usually best to have high liability and medical coverage to make sure you are covered in the worst case scenario. Sometimes though, especially in these trying times, we are unable to get more than what is legally required.

When you decide on which quote you want to go with, I advise you taking 1 more step to insure the quality of this insurance company. Check with a company that rates auto insurance companies, like AMBest.com. I would recommend not going with a company that is not at least rated a B.

Here is just one more little known quick tip to get another discount. Have your car’s window etched with the VIN number. This can give up to a 15% discount on your rate. Vin etched cars have a much lower theft rate. This can be done in about 15 minutes and then listed in the National Vehicle Identification Program.

Some of these tips can be done later and the discount added on as you go. Check back soon as we continue to look for discounts on your auto insurance policy for you! OK, I know you are ready to get your auto insurance policy quote. So go ahead!

Save up to $800 on Auto Insurance! Get Quotes NOW!

Save up to $800 on Auto Insurance! Get Quotes NOW!