insurance
07-02-2009 | 12:17 PM
#21
should have told them you were rollin in a Hyundai.
07-03-2009 | 02:23 PM
#36
07-03-2009 | 06:50 PM
#37
Rule #1 - There is no such thing as "full" coverage. There's always a breaking point when you may not be adequately insured. If you own a home or possess other large assets then purchase the highest liability coverage you can reasonably afford.
Rule #2 - An insurance rate is highly based on your regional location. Most of the major insurers will rate based on your zip code. They rarely place any bearing upon whether the car is garaged, in a parking lot, in the river, in a gated community, etc.
Rule #3 - If you've had a not-at-fault (or at-fault) accident in the past year, most companies will be unable to be competitive (pending other factors.) You'll likely want to stay with your current company until at least one year passes.
Rule #4 - 16-21 year old drivers are far more susceptible to be in an accident than any other age category. This is related to inexperience and a minimal risk profile. You are also the reason why other responsible Z owners pay higher rates for their Zs based on National Highway Safety data.
Rule #5- ALWAYS take the safe driver course ,when eligible, if you have received a speeding ticket. The points will be removed or reduced from your license, insurance rate will not change and the ticket will be unlikely to appear on your driving history with the assumption that the reduced fine is paid on time.
Rule #6 - Do not attempt to compare your rate with your neighbor's, friend's, uncle's, monkeys' uncle's, grandmother's, nephew's, etc. You won't be able to comprehend why this is the case due to complicated underwriting processes. It is also largely due to a vast difference in coverage. Your rate will never be equal to theirs - period. It will either be less or more. However, if you happen to meet yourself again in another life then feel free to discuss the issue in great detail.
Rule #7 - Just because you pay a low premium for insurance does not necessarily provide you with overall quality. In some cases, the old adage, "You get what you pay for," speaks volumes. Before you buy, check the financial ratings for stability and strength (if the company is publicly-traded) by following industry-standards tracked by S&P and A.M. Best.
Rule #8 - If your car is modified, DO NOT talk about it at length on a public forum. Especially, when the customization value is greater than that of your car.
Final rule - If you file a claim, don't give out more information than what is specifically requested by the adjusting staff. Your claim will likely be handled in an efficient manner and you'll be pleased with the results.
Rule #2 - An insurance rate is highly based on your regional location. Most of the major insurers will rate based on your zip code. They rarely place any bearing upon whether the car is garaged, in a parking lot, in the river, in a gated community, etc.
Rule #3 - If you've had a not-at-fault (or at-fault) accident in the past year, most companies will be unable to be competitive (pending other factors.) You'll likely want to stay with your current company until at least one year passes.
Rule #4 - 16-21 year old drivers are far more susceptible to be in an accident than any other age category. This is related to inexperience and a minimal risk profile. You are also the reason why other responsible Z owners pay higher rates for their Zs based on National Highway Safety data.
Rule #5- ALWAYS take the safe driver course ,when eligible, if you have received a speeding ticket. The points will be removed or reduced from your license, insurance rate will not change and the ticket will be unlikely to appear on your driving history with the assumption that the reduced fine is paid on time.
Rule #6 - Do not attempt to compare your rate with your neighbor's, friend's, uncle's, monkeys' uncle's, grandmother's, nephew's, etc. You won't be able to comprehend why this is the case due to complicated underwriting processes. It is also largely due to a vast difference in coverage. Your rate will never be equal to theirs - period. It will either be less or more. However, if you happen to meet yourself again in another life then feel free to discuss the issue in great detail.
Rule #7 - Just because you pay a low premium for insurance does not necessarily provide you with overall quality. In some cases, the old adage, "You get what you pay for," speaks volumes. Before you buy, check the financial ratings for stability and strength (if the company is publicly-traded) by following industry-standards tracked by S&P and A.M. Best.
Rule #8 - If your car is modified, DO NOT talk about it at length on a public forum. Especially, when the customization value is greater than that of your car.
Final rule - If you file a claim, don't give out more information than what is specifically requested by the adjusting staff. Your claim will likely be handled in an efficient manner and you'll be pleased with the results.
07-04-2009 | 09:38 AM
#39
Rule #1 - There is no such thing as "full" coverage. There's always a breaking point when you may not be adequately insured. If you own a home or possess other large assets then purchase the highest liability coverage you can reasonably afford.
Rule #2 - An insurance rate is highly based on your regional location. Most of the major insurers will rate based on your zip code. They rarely place any bearing upon whether the car is garaged, in a parking lot, in the river, in a gated community, etc.
Rule #3 - If you've had a not-at-fault (or at-fault) accident in the past year, most companies will be unable to be competitive (pending other factors.) You'll likely want to stay with your current company until at least one year passes.
Rule #4 - 16-21 year old drivers are far more susceptible to be in an accident than any other age category. This is related to inexperience and a minimal risk profile. You are also the reason why other responsible Z owners pay higher rates for their Zs based on National Highway Safety data.
Rule #5- ALWAYS take the safe driver course ,when eligible, if you have received a speeding ticket. The points will be removed or reduced from your license, insurance rate will not change and the ticket will be unlikely to appear on your driving history with the assumption that the reduced fine is paid on time.
Rule #6 - Do not attempt to compare your rate with your neighbor's, friend's, uncle's, monkeys' uncle's, grandmother's, nephew's, etc. You won't be able to comprehend why this is the case due to complicated underwriting processes. It is also largely due to a vast difference in coverage. Your rate will never be equal to theirs - period. It will either be less or more. However, if you happen to meet yourself again in another life then feel free to discuss the issue in great detail.
Rule #7 - Just because you pay a low premium for insurance does not necessarily provide you with overall quality. In some cases, the old adage, "You get what you pay for," speaks volumes. Before you buy, check the financial ratings for stability and strength (if the company is publicly-traded) by following industry-standards tracked by S&P and A.M. Best.
Rule #8 - If your car is modified, DO NOT talk about it at length on a public forum. Especially, when the customization value is greater than that of your car.
Final rule - If you file a claim, don't give out more information than what is specifically requested by the adjusting staff. Your claim will likely be handled in an efficient manner and you'll be pleased with the results.
Rule #2 - An insurance rate is highly based on your regional location. Most of the major insurers will rate based on your zip code. They rarely place any bearing upon whether the car is garaged, in a parking lot, in the river, in a gated community, etc.
Rule #3 - If you've had a not-at-fault (or at-fault) accident in the past year, most companies will be unable to be competitive (pending other factors.) You'll likely want to stay with your current company until at least one year passes.
Rule #4 - 16-21 year old drivers are far more susceptible to be in an accident than any other age category. This is related to inexperience and a minimal risk profile. You are also the reason why other responsible Z owners pay higher rates for their Zs based on National Highway Safety data.
Rule #5- ALWAYS take the safe driver course ,when eligible, if you have received a speeding ticket. The points will be removed or reduced from your license, insurance rate will not change and the ticket will be unlikely to appear on your driving history with the assumption that the reduced fine is paid on time.
Rule #6 - Do not attempt to compare your rate with your neighbor's, friend's, uncle's, monkeys' uncle's, grandmother's, nephew's, etc. You won't be able to comprehend why this is the case due to complicated underwriting processes. It is also largely due to a vast difference in coverage. Your rate will never be equal to theirs - period. It will either be less or more. However, if you happen to meet yourself again in another life then feel free to discuss the issue in great detail.
Rule #7 - Just because you pay a low premium for insurance does not necessarily provide you with overall quality. In some cases, the old adage, "You get what you pay for," speaks volumes. Before you buy, check the financial ratings for stability and strength (if the company is publicly-traded) by following industry-standards tracked by S&P and A.M. Best.
Rule #8 - If your car is modified, DO NOT talk about it at length on a public forum. Especially, when the customization value is greater than that of your car.
Final rule - If you file a claim, don't give out more information than what is specifically requested by the adjusting staff. Your claim will likely be handled in an efficient manner and you'll be pleased with the results.
Good info!
