Sunday, December 21, 2014

Employers getting quotes for auto insurance

The job of being a business owner can quickly become quite a stressful one as they often have a lot on their plate. This stress can be escalated if you own a business where your employees need to drive a company vehicle! Not only do you have to worry about employees getting to their locations in a safe and efficient manner, but you also have to worry yourself with finding the best insurance and auto insurance quotes to keep your employees, and finances, protected.
Not only do you want to choose the best insurance to keep everyone and your wallet safe, but oftentimes having the correct type of insurance is a requirement in certain industries or professions. You will need to research these rules and the laws in your state in order to help you choose the best insurance.
Knowing how a person can find commercial car insurance policies is the key question. The answer depends on what your business does. This means how the car is used - is it just for transportation or is it used to deliver goods? It will also depend on the type of vehicle used. There are many different classifications of commercial car insurance, including the most common type - owner operator insurance. This type of insurance is good for people who are owner operators in the trucking profession, and who provide transport services.
Even if you just use a regular car for work related purposes, such as driving to meetings or transporting clients, you will need to purchase commercial car insurance. If you use a business van instead of a car for transporting goods or people, you will need commercial auto insurance but there is a special type available for business vans.
There is also a separate classification available for vehicles used in construction and contracting professions. This could mean a project manager who is driving their car to a site, or a truck used for moving materials and equipment.
If you drive a semi-truck, pick-up trucks, log haulers, tow trucks, refrigerated trucks, garbage and dump trucks, auto haulers, etc., you will fall into the specialty vehicle category and will need a different type of commercial car insurance.
After you narrow down your needs, you can look online for auto insurance quotes for businesses. Many popular car insurance companies offer commercial policies, and if you look around you are sure to find a great deal at a low price. Commercial car insurance policies are often eligible for discounts just like a personal car insurance policy. Many insurance agencies give discounts since you are insuring multiple vehicles through them, and loyalty discounts often apply as well.
Although price is certainly a concern for most business owners, you should make sure you and your employees are protected with the proper coverage first. Otherwise you could spend a whole lot more in the event of an accident than you would have if you spend a little more on the proper coverage to begin with. Once you find policies that offer the right coverage, simply choose the best deal!

Saturday, December 20, 2014

Purchasing Cheap Auto Insurance is Still Possible with Teenaged Drivers

Having a teenager in the house is an interesting time. They are excited about being able to do new things and growing up. You, on the other hand, are likely anxious about the new things and worried about them getting hurt. Driving is top on this list. Almost every kid gets excited about the day they get to start driving on their own, and about owning their first cars. Parents worry about the expense as well as their kids being on the road.
Not only does a car come with a car payment, gasoline, maintenance, registration, and inspection fees, but you also have to pay for insurance. While the other costs stay more or less the same regardless of age, insurance prices are much more expensive for teenaged drivers. This might seem unfair, but its due to a simple fact - teenagers are the most risky group of drivers to insure. This is for many reasons, but lack of experience is high on the list. Insurance companies make up for this risk by charging more for the policy.
Even though insuring a teenaged driver is more expensive than insuring yourself, there are still things you can do in order to find cheap auto insurance. It might take a little bit of work at the beginning, but you can potentially save a few hundred dollars a year!
First, consider purchasing your car insurance online. When you shop online you have many choices to choose from. Insurance companies know this, and therefore online companies keep their prices low in order to be competitive and lure in customers. Additionally, an online company has fewer expenses than a brick and mortar store, meaning they can charge less and get the same profit. If you search for cheap auto insurance plus your state, you will likely receive hundreds of results to choose from. Simply browse for the coverage you need, and then choose the package with the lowest price! This saves you time and money!
You will want to get at least five quotes, but preferably as many as possible. This way you can get a good understanding of what a low, average, and high quote is, and you have more chances of stumbling across the lowest price available.
Second, try to find as many discounts as you can. When you fill out online quote requests you will likely see the different discounts available for you. However, it is always a good idea to call the insurance company directly in order to make sure you are receiving all available discounts - not every company lists all their discounts online. Teenagers will often qualify for good student discounts, low mileage discounts, commuter discounts, driver education discounts, and multi-car discounts (for the family). Not every company will offer every discount, and eligibility criteria will likely vary, which is another reason why it is good to shop around online and get multiple quotes so you know that you are getting the best deal.
With a little effort you will be on your way to protecting your child on the road and keeping your wallet a little bit thicker!

What Determines My Car Insurance Quotes

Whenever you are gathering car insurance quotes in search of your next policy, you might be shocked at the premium you are paying and how much it can vary. Not only do insurance costs vary from individual to individual, but they also vary for the same individual across companies. You might be wondering how that can be, and why?
An insurance company, despite coverage being a legal requirement, is a business. The more money they spend on claims, the less profit they make. Therefore, insurance companies like to insure customers who are low risks. Customers with higher risk profiles will pay more for their insurance premiums as a way to help offset the risk. This makes sense on the outside, but most people fail to realize risk factors. It's easy to understand why someone with previous car accidents is a high risk, but someone with a poor credit score might not be as obvious.
The factors that determine risk are, for the most part, universal across insurance companies. However, each company performs its own research in order to determine risk factors and how much weight they hold. Therefore, each insurance company will use the same factors, but their own formula, and as such your premiums will vary. Additionally, there are many different insurance discounts available and not all car insurance companies offer the same ones, and sometimes eligibility criteria will be different.
This is why it is a good idea to shop around and find as many car insurance quotes as you can. This gives you a good picture of how much you should expect to pay, or if you are paying too much. It also gives you as many chances as possible to find the best deal and highest discounts. However, on top of comparison shopping, understanding these risk factors in regards to insurance is important, as then you can adjust your life in order to become less of a risk in the eyes of insurance agencies. Here are some of the most common factors that go into determining your premium:
  • Age - typically, teenagers will pay the most for car insurance. Due to their inexperience on the road they are the group most likely to get into an accident.
  • Vehicle - certain cars are statistically more likely to be involved in accidents, serious accidents, and theft or vandalism. Avoiding these cars will save you money on your insurance.
  • Gender - unfortunately, like age, gender cannot be controlled. Nonetheless, men will sometimes pay more for their insurance policies due to the higher likelihood of car accidents.
  • Marital Status - it has been found that married people are less likely to get into accidents when compared to single people. Perhaps they feel a higher sense of responsibility, but there could be many causes.
  • Occupation - certain jobs are associated with less risk, as well as belonging to certain organizations. Teachers and veterans usually qualify for a discount.
  • Credit History - people with poor credit have been found to be a higher insurance risk. Although not immediately fixable, you can improve your credit over time.