Who Invented Car Insurance?

Posted Tuesday, July 8, 2014

Did Ben Franklin invent car insurance? We know he invented the kite in 1752.

He invented insurance in 1751 when his Union Fire Company met with Philadelphia fireman and from that meeting came Philadelphia Contributionship the first successful fire insurance company in the colonies.

Of course cars were not even around then and nobody was insuring their horse and buggy. So who is credited with inventing car insurance?

Gilbert J. Loomis holds the distinction of being the first person to buy an automotive liability insurance policy in 1897, according to the Ohio Historical Society. The policy, which was issued in Dayton, Ohio, protected Loomis if his car damaged property or injured or killed an individual.

From that point on, auto insurance slowly started to become more comprehensive. The International Risk Management Institu...Read More

Minimum Car Insurance Requirements In Colorado

Posted Monday, July 7, 2014

Auto insurance is governed by laws that differ from one state to another. The minimum coverage of your car insurance is the most important law since it helps you to know the amount of claim that you can make. 

Having prior knowledge of the minimum car insurance requirements in Colorado gives you peace of mind when you are driving.

In Colorado the minimum limit is $25000 per person for injuries that are sustained and $50000 per accident if more than one person is injured. This insurance covers you when the other driver makes a claim and alleges that you were at fault.

Car insurance also contains property damage liability. This covers you when you damage property that belongs to someone else. Property that is covered includes another person’s car, houses and any other property. In Colorado the minimum amount is $15000 per accident.

Some drivers are not full...Read More

Comparing Car Insurance Rates For Cities In Colorado

Posted Thursday, July 3, 2014

Let's compare car insurance rates based on a handful of cities in Colorado. What are the cheapest cities to get car insurance in Colorado and which cities are the most expensive. 

We will report here based on a study conducted by Value Penguin. They found a variance of almost $1200 a year which is significant.

Fort Collins was the cheapest followed by Loveland. La Porte, Windsor and Longmont. In general the cheapest car insurance to be found is in the north part of Colorado in Boulder, Larimer, and Weld County. 

Fort Collins and Loveland are less then 15 miles a part. This is a fast growing area based on jobs as well as people who commute to Denver to work. If you have ever driven to Denver from Fort Collins you know how quickly you can be in a rush hour traffic sort of feel, so not sure why this is cheaper. Plus Fort Coll...Read More

Getting The Best Car Insurance Quotes

Posted Wednesday, July 2, 2014

With so many options available, choosing the best car insurance policy for you can be confusing. Knowing how to choose the right insurance quote can save you hundreds of dollars annually. Here are a few tips that can help you in choosing the best car insurance quotes in the market.

Compare Quotes From Multiple Insurers

It is important to compare more than one quote. Comparing quotes allows you to choose a policy that fully suits your needs. Experts recommend that you compare at least three quotes. You can either visit insurance companies to ask for quotations or simply use a quote comparison site to compare the quotes. Using a quote comparison site is fast and more efficient than walking from one insurance company to another.

Learn About Reputation Of Insurers

Before you choose your car insurance quote, it is important to ask about ...Read More

Car Insurance Myth About Full Coverage

Posted Monday, June 30, 2014

O.K. let's set the stage regarding a myth that is in some people's minds about car insurance.

You buy a new car and pay cash for it. You opt for full coverage because you want the ability to get a new car again if you are involved in an accident.

2 years later you are in an accident that will require several thousands dollars to fix. Time to replace that car with a new car and let the insurance money foot the bill.

Right?

Wrong!

Car insurance is designed to get you back to today, not 2 years ago. Your auto body shop is happy because you have full coverage. They are going to get paid to get you back on the road in the car you have insured. Not the new car you want!

Here is another important point.

When you are buying full coverage find out exactly what that means. What is included and what is not included. Thi...Read More

Finding The Right Car Insurance

Posted Tuesday, June 24, 2014

I want to show you how easy it is to find the right car insurance with these tips.

1. Get 3 quotes. There is no excuse for not getting competitive quotes. The Internet makes it easy.

2. Compare apples to apples. Make sure that the quote you are getting is comparing comparable features and benefits.

3. Choose the best deal. The best deal is not always pricing, but that certainly is important.

4. Check your credit history. If you've got any blemishes on your credit report get those cleaned up and taken care of before getting a quote. In the future pay your bills on time, and work at getting a better credit score so you can get a better car insurance quote.

5. Join an auto club. You may be eligible for a better car insurance premium if you're a member of an auto club.

6. Go with a name brand. Choosing a car insurance company that you've...Read More

Stay Home On Friday This Summer

Posted Friday, June 20, 2014

Here is an interesting fact. The most dangerous time to be on the road in the summer is Friday. 

Why is that?

For one thing more people are out driving in the summer. This increases on Friday.

The weather is better in the summer then it is in the winter. The roads are better as well.

Here is another thing to consider. It stays lighter longer in the summer thanks to daylight savings time. People are going to be out driving later. 

For another thing people drink and drive and they do it starting on the weekend. According to National Highway Traffic Safety Administration (NHTSA) 36 fatalities occurred per day on average in the United States as a result of crashes involving an alcohol-impaired driver.

It may not always be reasonable to think you're going to stay home on Friday during the summer. After all, the same reasons that...Read More

Taking Control Of Your Auto Insurance Coverage

Posted Thursday, June 19, 2014

Thanks to the Internet you can play a more active role in determining what your auto insurance coverage is going to be. Websites such as ours allow you to get quotes based on the information you type in. You do not  need to rely on an insurance agent to find you the best possible rates.

One of the first things that most people can do is raise the deductible they're currently paying. Of course there's a fine line to walk in terms of how high you want your deductible to be set at in case you ever are in an accident and are responsible for paying that.

Another thing you can do is take a look at the age of the automobile. If it's paid off you may not need to carry comprehensive or collision coverage. Consider how valuable the car is to you, and whether you even want to keep it if you are in a wreck.

One more thing you can do is take advantage of the low mileage that...Read More

How Can I Save Money On My Vehicle Insurance Right Away?

Posted Wednesday, June 18, 2014

It is a common occurrence for people to take out an auto insurance policy and not follow up on the deductibles they make and the hidden costs that they incur and could easily get rid of. For those asking how can I save money on my vehicle insurance right away, there are a number of things that can be done to help you save a pretty penny. 

The first thing to do is to drop coverage that you do not need depending on the value of your car. For example, older cars whose market value has decreased over the years can do without a comprehensive coverage since even claims made rarely exceed the insurance costs. 

Another way to save money on vehicle insurance is to combine insurance policies under a single carrier. Buying car insurance from the same provider of your life or homeowners’ insurance can bring down the premium. 

Additionally, insuring all your cars whether recreational or trucks under...Read More

Car Insurance And Speeding Ticket Stats

Posted Tuesday, June 17, 2014

If you drive long enough chances are you will get a speeding ticket. In The U.S the statistics prove this to be true.

For example, according to the website Statistics Brain on average there are 112,000 speeding tickets written everyday. 41 million people get a speeding ticket every year. That works out to around 20% of the population who will get a speeding ticket just this year.

This is a good source of revenue for the municipality where the ticket is written. You may be paying the city, county, or state an average of $152 per ticket. 

Some states are worse then others when it comes to giving out speeding tickets. Ohio is #1. Others in the Top 10 include New York, California, Texas, and Massachusetts.

So what can you do. The obvious answer is slow it down! You control whether you are going to get a speeding ticket. 

If you get a ticket you car ins...Read More

Top Five States With The Cheapest Car Insurance Rates

Posted Monday, June 16, 2014

Each of the fifty states constituting the USA has different car insurance rates. In some states the rates are cheaper than in others. Car insurance rates are determined by the regulations on car insurance as well as the driving environment of the state.

This article discusses the five states with the cheapest car insurance rates as well as the reasons that contribute to this.

Maine

This is the state with the cheapest car insurance rates. The state has an average annual premium rate of just $935. This cheap rate can be attributed to the fact that most of the state is rural with very little city-driving.

The state’s strict restrictions imposed on young drivers and its advanced licensed program can also be attributed to this cheap rate in Maine.

Iowa

It is the second cheapest stat...Read More

California Low Cost Automobile Insurance Program Explained

Posted Thursday, June 12, 2014

You know that driving without insurance is illegal. More so, an action that is accompanied by very many risks. No matter how safe you think you are, it will be good if you take your mind outside a comfort box of being safe and imagine a scenario where an accident occurs. Then think how safe it could be if you had insured with the California Low Cost Automobile Insurance program.

1. About the program. As the name suggests, California Low Cost Automobile Insurance Program is a very accommodative something that makes it easy for everyone to afford. In fact, the cover operates on the most friendly basis and indiscriminative of anything. 

To qualify for the insurance, you are supposed to be at least 19 years of age, you have been licensed to drive for 3 years and more, you can meet the income requirements, you own a car worth 20,000 dollars or less and you have a good driving record. The program pr...Read More

Why Young Males Pay Higher Car Insurance Rates

Posted Tuesday, June 10, 2014

There has been diverging opinions on why young males pay higher insurance rates as compared to the young females or even the older category. Different people have tried to come up with the reasons that could lead to the difference, with some reasons being deemed as inconclusive thus leaving the debate that young males pay higher car insurance rates. 

Why?

According to experts in the insurance industry, there are different factors that make the young males pay higher insurance rates. These factors are related to the youthful stage and all the mental and physical changes that characterize the stage. Some of these factors include:

Youthful stage is characterized with high energy in the body, this means the young males are most likely to drive faster and less likely to fasten their safety belts. From the records of reckless drivers and the drivers with excess passengers, young males are seen to have a bigg...Read More

A Guide On Auto Insurance Claims Processing

Posted Monday, June 9, 2014

When the times come, it won't be your job to actually process the car insurance claim, but it is certainly in your best interest to be informed as much as possible about the auto insurance claims processing in order to ensure it goes as smoothly as possible. We will provide you useful information in our article, such as how to report an accident to the insurance company, how to document auto accident damage, and how car insurance companies handle the claims. 

Reading this article before actually submitting an insurance claim can help you better understand the whole process and ensure that your claim is handling efficiently and quickly.

With auto insurance claims processing, it's difficult to make statements that apply to all situations. Much of the way how the claim is processed depends the particular situation and on the individual insurer. 

However, there are some general guidel...Read More

Vehicle Insurance Explained In Simple And Clear Terms

Posted Friday, June 6, 2014

If you are thinking about insuring your car, yet you are clueless about auto insurance, there is nothing that can be of help to you like having vehicle insurance explained to you in simple and clear terms. This is because without knowing vehicle insurance basics, you might never know the type of auto insurance that suits you best. In addition, you may never know what various auto insurance terms mean. 

Here is an explanation of different terms that are used in the field of auto insurance that you need to know.

1. Liability coverage. It is mandatory for every driver to have liability coverage in the US. It pays for damages that a driver inflicts on other drivers during an accident.

2. Bodily injury liability. Bodily injury liability covers the cost of physical injuries brought about by an accident. It caters for medical bills that are incurred while tre...Read More

Why Don't People Get Car Insurance?

Posted Wednesday, June 4, 2014

I think it's safe to assume that people don't buy car insurance primarily for a couple of reasons.

1. Money.

2. They forget.

Some people think car insurance is too expensive and they cannot afford it. In other instances they may forget to purchase car insurance, or let their policy lapse while they're trying to find a new insurer to cover them.

What starts out to be one month, extends into two, and then three, and so on. If you're spending $100 a month on insurance, in six months you can save over $600 not having car insurance.

This is a pretty risky position to put yourself in. If you're stopped by the police, or ticketed, you're going to be fined for not having car insurance as well.

Plus when you go to renew your car registration you must have car insurance or you're not going to get your registration renewed. You then run the ris...Read More

What Is Uninsured Motorcycle Coverage?

Posted Friday, May 30, 2014

Do you need motorcycle insurance coverage? Being a motorcyclist can prove to be dangerous, but it does have a lot of exciting adventures for you to experience while driving. 

Motorcycles can pose to be very dangerous for you depending on your age and what you are doing on a daily basis on that motorcycle. If you are not covered by any form of insurance, you may not receive any help to pay for your motorcycle and get the money you need to get help from the hospital. Lab costs and surgery can cost thousands of dollars if you don't have any form of insurance if an accident were to happen.

What exactly is uninsured motorcycle coverage?

This type of coverage is for those who are riding their motorcycles constantly but don't have any current coverage from any type of insurance company. This coverage is meant to help cover you for times you are on that motorcycle and for when you get hurt. An uninsured motori...Read More

Driving Tips For Teenagers

Posted Friday, April 18, 2014

Nothing will drive up your insurance rates more then a teenage driver with tickets or accidents.

With that in mind here are some teenage driving tips to share with your new driver.

Watch the video on You Tube: http://youtu.be/UK45jGNHSwU

How Much Auto Insurance Do I Need?

Posted Thursday, April 17, 2014

Calculating the exact amount of auto insurance you need to buy can sometimes be a quiz fit for a mathematician! Every state has its own “must haves” and guidelines in their requirement for auto insurance. You can use this as a sort starting point, but there’s lot more that needs to be assessed and evaluated.

Basically, there are six parts in any auto insurance policy. These are: Property Damage Liability, Bodily Injury Liability, Comprehensive Coverage, Personal Injury Protection Collision Coverage, and Uninsured Motorist Coverage. In some US states, it is important to include the first two parts in the auto insurance policy while the others may or may not be mandatory.

* Property damage liability. The minimum recommended coverage is $50,000 and insurer stands a chance to lose his or her assets if not adequately covered.

* Bodily injury liability. Usually insurance companies recommend a mi...Read More

What Factors Affect My Auto Insurance Rates?

Posted Monday, April 14, 2014

This is a question that most people ask themselves when out shopping for the most suitable car insurance. You can be tempted to cut down on your rates by selecting a coverage with lower amounts or by simply increasing your deductibles. These are the most common aspects that affect your overall car insurance cost. 

There are various other factors that may affect your total rate with some of them being completely out of your control. However, being aware of these factors can actually assist you in making a sound decision when it comes to purchasing insurance. With this information, you will also be able to find the most suitable method to reduce your expenses. Seen below are some of the most common factors.

1. Age and gender. Young men often get higher insurance rates when compared to young women. The reason behind this is due to the fact that the number of male teenagers involved in accidents is much higher than that of women w...Read More