Monthly Archives: May 2018

Know How to Easily Find Cheap Car Insurance for College Students

Cheap car insurance is the one that has a low rate of premium. College students can get lowered rates of premiums, if they have a good driving record. Apart from driving records, drivers can use certain other provisions to get the least premium.

About Car Insurance for College Students

The car insurance policy laws differ from state to state, but the fact that an insurance is compulsory remains the same. The auto insurance in most cases works as follows…

After a person, in this case a student, applies for an insurance, his or her background, identity, medical records, eyesight, driving permit, driving record and tests are scrutinized. Then the driver’s car and the usual roads that are used by the driver are also analyzed. Lastly, the bio-data of the applicant is scrutinized.

Based upon all these features, the auto insurance company provides an auto insurance quote to the applicant, which indicates a rate of premium. The rate of premium is often expensive in case of student auto insurance, due to the fact the college students are viewed as high risk candidates, and the probability of accidents is high in their case. The inexperience of young drivers also often, results in significant property damage.

In the United States, the following are some of the important objects that are covered by average insurance policies. A general rule of thumb is, more the covered objects, the more is the rate of premium.

  • Medical expenditure of insured party, as well as the third-party.
  • Car/Auto damage expenditure of the insured person as well as of the third-party.
  • Property damage expenditure of the property that has been damaged.
  • Damage compensation of any public property.
  • Fines that have been imposed by the road authority.
  • Compensation ordered by the court.

Finding Cheap Car Insurance For College Students

The aforementioned mechanism is applicable for all students, irrespective of their age. Also as mentioned above, the biggest drawback is that, for students rate of premium is exceptionally high. However, to find affordable car insurance, you can try out these tricks:

  • Have a Clean Driving Record: A criminal offense or a drinking and driving, or driving under influence, will earn a straight denial for cheap car insurance. Such people are viewed as high risk and high liability for the insurance company.
  • Family Purpose Doctrine: In this policy, the owner of the vehicle becomes liable to pay for the repairs of the car. If a third person pays for the car repair, he gets compensated by the driver’s insurance company. In this case, the car’s insurance is held by the parents. Such a provision substantially reduces the rate of premium.
  • Underwriting Perks: During the underwriting process, overall habits and temperament of the driver are seen. To get the cheapest car insurance package, make sure that you have good grades, student awards and honors to your credit, because merits point towards a responsible temperament of the student, thus earning a lowered rate of interest.
  • Low Power and Safety: Insurance companies often charge a higher rate of interest on most of the high-powered cars. Cars that deliver speedy performance often tend to get into accidents, hence a high ‘CC’ car will have a higher premium. Apart from that, the safety features are also viewed very strongly, the more enhanced the safety features, the lesser is the premium. Therefore, having good safety features on a medium or low-speed car is usually recommended

Overall, if you follow the aforementioned points, then it becomes very easy to bag the lowest rate of premium.

Insurance for Convicted Drivers

You know the importance of car insurance. However, it may be expensive for you to get car insurance if you are convicted of a criminal offense. Moreover, the cost will be higher if you committed an offensive related to driving in the past. In this case, we suggest that you consider insurance for convicted drivers. Let’s know more.

Convicted drivers and car insurance

For convicts, it’s hard to get car insurance. The reason is that insurance companies think that convicted drivers are a financial risk because these drivers are more likely to have an accident down the road. So, the chances of convicted drivers making a claim are higher.

There are some specialized insurance companies that offer insurance for drivers who were convicted of a criminal offence in the past. Many of them offer insurance to those who committed other violations, such as burglary. Some insurers provide coverage for those who break motoring laws as well. We suggest that you look for an insurance company that meets your financial needs.

Types of insurance for convicted drivers

If you need a basic insurance, we suggest that you take into account the third party insurance. However, you need to keep in mind that this insurance covers damages caused to the property of other people. And the damages may have an effect on the car or property. Moreover, the third party insurance won’t include damages to the vehicle or convicted driver.

Another type of insurance is Third Party, Fire and Theft. It provides protection with the convicted drivers in case of claims made by another driver or party. This will give you protection even if your car is destroyed or stolen.

The third type of insurance policy is known as comprehensive cover. This includes both of the types of insurance described above. Keep in mind that the policy will provide coverage for the cost of the car of a convicted driver if the car faces an accident because of the fault of the driver.

Reduction in premium costs

Once you have got the insurance policy, you may want to keep the insurance premiums low. You can do this in many ways. For instance, you can raise your excess which is the part of the insurance claim that will be paid by you. Make sure you don’t increase the excess too much or you won’t be able to bear the cost.

Another way of reducing the cost of the insurance is to drive less. Since the cost of premiums is based on the mileage of your car, you can keep the cost down by reducing the mileage.

The third way of reducing the cost is by keeping your vehicle safe and secured. For instance, you can keep your car in a garage. You can also consider an approved alarm if you can afford it. Aside from this, you can consider a black box policy to cut down on the insurance premiums. All you have to do is get a black box installed on your car.

Long story short, if you are a convict, we suggest that you consider a convicted car insurance policy.

How To Get Good Taxi Insurance Quotes Online

You will come across a huge number of online insurance companies that are eager to offer you, as a taxi driver, various policies. A simple Google search will show you but a small fraction of the policies on offer. However, when it comes to acquiring quotes online, there are a few tips that you may need to follow. Some people have some concerns about providing so much personal information to multiple providers, but there is nothing that to worry about if you study the features of the policy before requesting a quote. If you want to get a genuinely good quote all that you need is to follow a series of steps.

Record of driving

The record of driving is one of the key aspects on which the insurance company will estimate the amount of risk you pose as a policy holder. When you try to get Taxi Insurance Quotes Online, the major question may be relayed to the history of your driving. If the previous mistakes that you have made are still present in the records and you have not provided this information (to which you may not have been aware they were still on record), the price of your quote will inflate massively. Ideally, you need to grab a copy of your driving record to avoid the wrong presumptions, and to avoid putting yourself in this position. Why get an incorrect quote when you can obtain a copy of the record from local government, with a small fee.

Readying personal information

Despite the fears that you may have in mind about making your personal information accessible to online insurance companies, it is a necessary formality for any provider. Even when you compare Cheap Taxi Insurance, it is imperative that you provide your address, telephone number, the number on the driving license and other information needed to get a genuine rate. Comparison of quotes will help you establish what is cheap versus what is expensive.

Amount of coverage

This is undoubtedly one of the toughest questions, as there is no policy which mitigates the requirement of every driver. On the one hand, it is your budget and personal financial condition, and on the other the protection that you need for your particular vehicle. As far as the requirements of the coverage are concerned, it is recommended to confer with insurance providers or your financial advisor to know whether you have taken the right decision. Shopping for the best insurance policy is the requirements of every taxi owner, so be confident you have made the correct choice.

Obtaining cheap quotes

There are ways in which you can reduce the quote for the policy that you want to procure. For instance, you can take a stock of the number of miles you gave driven the taxi in a year and compare it with that of the previous year. A sharp decrease in the number of miles can reduce the amount significantly The risk associated with the pool of drivers is another factor that can increase or decrease the quote significantly.

Taxi insurance agents

As a cab owner, you want to know that you have visited each website for online taxi insurance providers. One example of differences in providers is that private taxis have to shell out more premium than the taxis that are meant for the general public. While the policies vary from one company to another, there is no reason that you cannot find the best quote for yourself if you ensure you have informed yourself, and shopped around.