Auto Insurance Quotes In Under 5 Minutes - FREE!
logo
Finding Cheap Auto Insurance in is Only a Few Clicks Away!
Users Rating : 0 out of 5 based on 0 ratings.
How Are We Doing?
  
  Are you insured? Yes No

Affordable-Auto-Insurance-Quotes.net is pleased to present the following article related to...

Cheep Car Insurance

The Truth About Car Insurance

Youíve now got your driverís license and for months, you eagerly search for a new car. Once you find your dream car, youíre ready to take it out on the open road. Or are you? In many countries, it is compulsory to purchase before driving on public roads and property. protects a third party against the financial consequences of loss, damage, or injury caused by any vehicle.

When first purchasing auto insurance, it is important to understand all aspects of the insurance. First off, an excess has to be paid. This is a fixed amount of money that must be paid each time your car is repaired through the insurance policy. A compulsory excess is the minimum excess payment that your insurer will accept. This varies according to your own personal details, driving record, and of course, insurance company. A voluntary excess is an excess that you agree to pay on top of the compulsory excess in case of a claim on the policy. A bigger excess reduces financial risk for the insurer, and thus they can offer lower premiums.

Depending on the location of the insurer, premiums may be government mandated or may be based on statistical data. The premium may vary based on many different factors that the insurer may deem will have an effect on the cost of future claims. These factors include gender, age, driving history, and usage of the car.

Because men average more distance driven per year than that of women, they have a higher proportionality of accident involvement. This leads insurance companies to offer lower premiums to women as opposed to men.

Teenage drivers have no driving record, and so they are less experienced on the road. This is the reasoning behind offering these teenagers higher driving premiums. However, these premiums may be lowered if the teenager decides to go through further driving training on the training that was required to obtain his or her license.

Car usage is also a large factor in determining premiums. By logic, it can be deduced that with more usage of the car, there is more potential for accidents, and thus more potential for claims on the policy. Insurers can estimate car usage by odometer, GPS, and OBDII (OnBoard Diagnostic) based systems. With the odometer system, customers buy prepaid insured miles and keep track of them on their odometer to determine when they need more. The GPS system tracks the usage of the car as it moves and records the distance it has travelled. The OBDII system works by utilization of the TripSense device. This connects to a computers OnBoard Diagnostic port, which is in all cars built after 1996.

Auto insurance may be both a blessing and a curse. Financially, it may save you a lot of money and keep you safe; however, auto insurance, like health insurance, can result in a lot of disagreement with the insurer and the insured. It may be wise to do you research before committing to one insurance program.

Robert is the owner of fancyAcar. You can find more information on car related issues on his site, including tips to get cheap car insurance for new drivers.

We hope the above article related to cheep car insurance has been helpful to you. Here's some more of our recent auto insurance articles you may find of interest...
The Smartest Way To Buy Auto Insurance-part 1 Of 4
The Smartest Way to Buy Auto Insurance (Part 1 of 4)Look at a Lot More Than Just COST, Because Comparison Between Companies is Meaningless Without Research on These Three Read more...
Get Cheap Car Insurance In Britain Online
By Robert
The World Wide Web is an abundant source of information, products and services, such that it has become a bit overcrowded and overwhelming. This turned out to Read more...
How To Choose The Right Auto Insurance Plan?
By Danny Huang, Mon Jan 2nd
OK let's face it. There are many different auto insurance company that wants you to join theirinsurance policy and every company Read more...


ENTER ZIP CODE
  Are you insured? Yes No