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Old 03-17-2008, 10:45 AM
mhaneil mhaneil is offline
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Default Tips for First Time Auto Insurance Buyers

Purchasing automobile insurance for the first time can be rather puzzling. Here is a useful guide that you may refer to if you are planning to buy an auto insurance for the first time. These are some of the most basic steps that will help you finalize an auto insurance deal.

Here is the step by step list to follow:
1. Get driver's licence
2. Buy a car
3. Get hold of auto insurance agent or auto insurance company to find insurance coverage
4. Register car (bring proof of auto insurance and other documents to your state DMV)

Read the explanations..
Here's how: Tips for First Time Auto Insurance Buyers


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Old 04-18-2008, 04:04 AM
msmel75 msmel75 is offline
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Default Re: Tips for First Time Auto Insurance Buyers

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Old 04-21-2008, 05:30 AM
John Frahm John Frahm is offline
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Default Re: Tips for First Time Auto Insurance Buyers

Thanks man! Here's my two cents:

Insurance policies are some of the most complicated types of contracts you will ever see, especially if you have no experience with buying insurance. Auto insurance policies all have their own specified terms and conditions, which means that the insurance company may not pay for you losses if what happens to your car is not covered in your insurance. For example, if your auto insurance policy only applies if your car is involved in a traffic accident, the insurance company will not pay you if a tree falls onto your car, for example. As a result, you will always have to read and understand the insurance policy you get so that you will be able to get the most out of your auto insurance.




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Old 04-21-2008, 03:17 PM
Hadley Hadley is offline
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Default Re: Tips for First Time Auto Insurance Buyers

Here's some more helpful auto insurance tips for first time auto insurance buyers:

1. Compare Rates
Car insurance premiums may vary by 25-50% depending on the insurance company. They consider age, gender, use of vehicle, driving record, age and value of vehicle in determining your premium. Shop and compare auto insurance quotes.

2. Review Financial Ratings of the Insurance Company
You can check the financial rating of the insurance company you select at A.M. Best. They review the financial strength of many insurance companies then provide a rating that indicates the reliability of the company in meeting their financial obligations including claim payments.

3. Consider Higher Deductible
If you have a good driving record, compare rates with higher deductibles. If you increase your deductible from $100 to $500 you may save up to 20% on your premium.

4. Maximize Discounts
You may save up to 20% from some insurers for the following: Automatic seatbelts, Drivers over 50, Anti-lock brakes, Insure more than 1 car, No accidents in last 3 years, Anti-theft devices, Driver training courses, low mileage discounts, and Package Discounts if you also insure your home/apartment with the same insurer.

5. Multiple Policy Discounts
You can save up to 10%-15% or more per year by placing your home and auto insurance through the same insurance company.

6. Age and Value of Car
Maybe you're buying a used car ? Maybe your car saw better days a few years ago, and now values much lower? So why pay for high-priced auto insurance? You may not need fully comprehensive auto coverage?

A good rule of thumb multiplies insurance premium by 10, and compares that figure with your car value. So if you're quoted a $1000 auto insurance premium and your car is worth less than $10,000 you may want to think if comprehensive coverage represents a good value. If you drop collision coverage and/or comprehensive coverage, you may get big savings.

Different Types of Cars - If you're about to buy a car, get an auto insurance quote first. You may see big savings by choosing a car that is less expensive, less sporty, or less likely to be stolen.

Low Mileage Discounts - More and more people work at home. No more commuting. Fewer business trips. Low mileage on your car. Maybe you do travel to work, but car pool? Either way, look for low mileage discounts.

Compare Coverage - Remember to have your car insurance policy handy when you compare rates online. That way you can make sure you're comparing apples-to-apples, and getting the best rate for the coverages you need.

Source: Free Online Insurance Quote Advisor

You can compare free auto insurance quotes online from leading carriers.
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Old 05-13-2008, 11:08 PM
choicearizona choicearizona is offline
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Default Re: Tips for First Time Auto Insurance Buyers

As an independent agent I would advise letting one of us quote the insurance. Some companies do better than others in certain situations.
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