Car Insurance Penalty

Car insurance agencies have been using penalties to keep customers from changing companies for a very long time, and a lot of people fall for it. People are generally not aware of the penalty charges and how much they will end up costing. Some consumers get insured without taking time to read the fine print, which is where they can find the information they need to know on termination of policies. Many people just renew an insurance policy to avoid running into charges they know nothing about.

Here are a few fundamental tips to help you make the best choices on insurance renewal or restoration:

Analyze The Cost Of The Penalty Against The Potential Savings

Make sure you always weigh your options. For instance, if you will save $300 to change to another insurer but that means you have to pay $200 in fines for canceling your current insurance then it’s possibly a worthwhile deal. However, if you have to a pay $200 fine for a $100 savings, you might have to hold on until the agreed expiration date before you change over to another company. It all comes down to if you will save money on a new deal or not.

Stay With The Same Insurance Provider Longer To Lower Your Termination Penalties

If you terminate your policy after two weeks, you might have to pay a $400 penalty, but if you cancel after eleven months, you might end up paying $50 or less.

Always make sure to read all the documents you are given before signing and activating your vehicle insurance.

Use The Competition To Potentially Lower Your Rate

A great number of people use this strategy to their benefit. You can do this if you like your insurance provider but they are relatively costly, and they charge fines for cancellations.

Let them know you have gotten cheaper quotes from their competitor and ask if they can match the cheaper rate. There’s a chance they might decrease your cost of insurance and give you a better deal to keep you as a customer. Then you have a better rate and can avoid any termination penalties.

Examine The Termination Rules On Any New Policy You Have In Mind

If you find less expensive insurance and need to opt out, make sure your new provider does not have huge termination penalties. You can call the customer representative and get all the relevant information you need to know about the fees and charges involved. In addition, thoroughly read the terms and conditions of your new contract, to avoid unforeseen fines.

Look For A Direct Insurer That Does Not Force Cancellation Charges

You can look for an insurer that doesn’t charge for the cancellation of policy. In the past few years, many carriers have stopped car insurance penalty plans in favor of letting people cancel at any time.

There are now insurance policies with internet-based rates, no hidden fees, and no transaction costs if you want to cancel. This is one of the reasons you should take the time to check your current rate online.

Since you now understand how to stay away from additional cancellation charges, you ought to take a couple of minutes and attempt to get your rates reduced.

You have access to free quotes without commitment online and can realize hundreds in savings in just a matter of minutes. Get started now and lower your insurance rates online.



Source by Mike Heuer

How To Get Even With Your Car Insurance Company In 10 Easy Steps – Part 1

How much do you pay for Car Insurance every year?

Eight hundred dollars a year? One thousand? Two thousand?

Whatever the amount you're paying now, you can slash that amount by more than 50% by simply following a few simple strategies.

Can you cut your car insurance costs by investing only 30 seconds of your time? No, that can not be done.

But if you're willing to spend 30 minutes today, this week, or next, I'll show you how to save up to $ 6,000 on your Car Insurance over the next 10 years.

Okay, here we go. Grab your Car Insurance statements page (the page in your policy that details all the coverage's you're paying for) and follow along. Make sure you take some notes. If you do not have your policy, or can not find it, call your car insurance company and get one – they'll send it to you pronto.

STEP 1 – Make sure you're getting all applicable discounts for your vehicles safety features, such as:

– Front, Side or Head Curtain Air Bags; – Automatic Seat Belts; – Anti-Theft Alarms or Tracking; – ABS or Traction Control …. and many more.

Think about the safety features you have …. and write them down.

STEP 2 – Review & Change Deductibles For Comp & Collision.

Most Car Insurance Policies have two deductibles – one for "collision" (you hit someone or someone hits you) and one for "Comprehensive" (all other damage or loss).

For both of these, have at least a $ 500 deductible – preferably a $ 1000 deductible.

Here's why – If you are currently paying a $ 100 – $ 250 deductible, you'll save up to 40% per year on your monthly premiums by moving it to $ 500. That means if you're currently spending $ 1,000 a year on insurance, you're going to get to keep $ 400 every year. If you jump to a $ 1,000 deductible, you could keep almost $ 600 extra a year in your pocket.

I can hear some of you saying, "Wow, a $ 1,000 deductible. That's a lot of money." Yes, it is.

So is paying $ 1,000 a year with that $ 100 deductible …. versus $ 400 a year with a $ 1,000 deductible.

The odds are in your favor – go with the $ 1,000 deductible.

STEP 3 – Review & Change Property Damage Liability.

Have you ever seen a $ 100,000 mailbox? Car Insurance Companies must have. Here's why ….

Property damage is not damage done to an automobile but rather "property" like a mailbox or a utility pole. So, why in the world would you need $ 100,000 dollars of coverage?

In most cases, almost 100% of all property damage claims can be taken care of with only $ 50,000 of coverage. So take a look at your policy to find out what you're currently paying for. And if you have little or no Net Worth, drop your coverage even lower – to $ 25,000 or your States minimum. You can find your States minimum by doing a Google search for "car insurance state minimums."

Here's what to look for on your policy – Many will have your liability coverage's listed like so – 50/100/100 – The first two numbers refer to bodily injury liability coverage. The 1st number is the dollar figure covered per person. The 2nd is the dollar figure per accident.

The 3rd number is the "Property Damage Liability." That's what you need to change. What does yours say?

STEP 4 – Review & Change Bodily Injury Liability.

Although Bodily Injury Liability Coverage is a must, almost all of us end-up overpaying for the coverage we need. This type of coverage specifically covers:

– Any and all occupants of an automobile, whether it's yours or someone else's; – Any and all occupants of another vehicle; – And Pedestrians

Your only goal with this type of coverage is to have just enough protection to protect what is yours …. in other words, your assets. And in order to protect your assets, you need to figure out what your Net Worth is – here's a well known site for calculating your net worth – http://www.kiplinger.com/personalfinance/tools/networth.html?

A great way to slash your premiums is to have no more in bodily injury liability than what your net worth is. Here's a common example of the coverage most people have – If your net worth is only $ 20,000 and you have $ 100,000 in coverage, you're throwing money away.

And if you have little, or negative net worth, just get the required State minimums. You'll need this info to get the lowest car insurance rates. Again, you can get to see your state minimums by Googling "car insurance state minimums."

Here's what to look for when trying to figure out how much coverage you have now. As I said earlier, most Policies today have your liability coverage's listed like so – 50/100/100 – The first two numbers (whatever they might be) refer to bodily injury liability coverage. In this example, there is $ 50,000 in coverage per person and $ 100,000 per accident.

What does your policy say? Are you paying more than your net worth? If so, change it.

STEP 5 – Review & Change Uninsured / Underinsured Motorist Coverage.

The uninsured / underinsured motorist coverage is a fantastic deal for car insurance companies …. and a lousy one for you. This premium alone can increase your auto insurance by a couple hundred dollars a year.

Most people think that uninsured / underinsured coverage is there to get your car repaired if it is hit by someone without insurance …. or someone with lousy insurance.

Wrong.

Any damage done to your car is already covered – by the premium you're already paying for collision.

First things first …. check your policy if your paying for uninsured / underinsured coverage now. If you are, Google "uninsured motorist state requirements" to see if your state requires it.

If it's not required by your State, cancel it.

If the State you live in requires require uninsured / underinsured coverage, make sure you have the absolute minimum required. These minimums are not advertised, change every couple of years and are very difficult to find. So, here's how you handle this.

Do a Google search for your State Department of Insurance, go to the "Contact Us" page, find a phone number, then call and ask what the minims are.

Do not try looking for it. Finding the minimums listed is almost impossible on most State Web Sites – they've buried it so deep you'll never find it. Just call your State Department of Insurance.

I know it's a bit of a hassle to get the info yourself. Yet relying on the Insurance Companies to give you the correct information is not very wise.

Next …. Part 2 of "How To Slash Your Car Insurance Costs In Ten Easy Steps."



Source by Here O'Leary

Most Common Types of Auto Repair

If you own a car, at some point, you are going to have maintenance. While some problems are more severe and not very common, other types of auto repair are far more common. When done periodically, these repairs can keep your vehicle operating for years.

Tires

Driving is hazardous to your vehicle’s tires. Nails, pot holes, and even curbs can cause damage to the rubber, forcing you to have it patched or replaced. If you can have the tire simply patched, it is pretty inexpensive, and most patches can hold until the tread is too worn to continue using. However, if there is no repairing the tire, you could be looking at an expensive replacement, especially if you have to replace multiple tires.

Brakes

One of the most common types of auto repair will be the brake system. Over time, your pads will wear out, causing you to have to replace them. This can happen multiple times during the life of your car. While this is a fairly inexpensive replacement, if the drum or rotor needs to be replaced you could be looking at hundreds of dollars in maintenance costs. If you are having trouble stopping, it is most likely the pads are worn out, as the brake lines rarely need maintenance.

Oil Changes

Another common form of maintenance is having regular oil changes. While you may not see this as auto repair, it does keep your engine from being damaged. Fresh oil, with a new filter, every few thousand miles can make a significant difference in how your engine performs. Without this maintenance, carbon deposits can build up, wearing out your piston rings and even seizing up your engine. The cost to replace those parts and clean the block is far more expensive than the occasional oil change.

Fuel System

If you are someone who prefers to fill up their car only half way and then drive it until the warning light comes on, you may be doing more damage than good. Vehicles that are regularly driven with less than a quarter tank of gas run the risk of having their fuel filters clogged up. Additionally, you should have the injectors cleaned and fuel filter replaced by a professional on a regular basis.

Ignition System

Eventually, your battery will wear out. Most are rated to last seven to ten years depending on the brand of battery you purchase. The price depends on the battery and the length it is supposed to last. You might be able to recharge your old battery for much cheaper. However, it will eventually need to be replaced.

Another part of the ignition system that commonly needs to be replaced is the starter. While it is not the most expensive replacement, it can be more expensive than a simple battery replacement. Usually, if you are having trouble starting your vehicle, it is either the battery or the starter. Your local mechanic can test them and tell you which part needs to be replaced before you are left stranded.

Auto repair is part of owning a car. If you take the time to maintain your vehicle, it will last longer than expected.



Source by Ace Abbey

Budget Friendly Hotels in Las Vegas

Going to Las Vegas is what many people dream of. After all, it is the entertainment capital of the world. Here, you can experience and enjoy many different attractions that you will never find in other entertainment places.

However, there are some times when taking a trip to Las Vegas scares people because most of them think that the expenses would be beyond their budget. Many people also think that they can not afford to even stay in any Vegas hotels because of high room rates.

Contrary to this belief, there are many budget friendly hotels that can be found in Vegas. And finding them is quite easy.

First, you need to ask for referrals. Ask your friends, neighbors or family members who were able to visit Vegas in the past for budget friendly hotels. Make a list of hotels that these people recommended.

When trying to find a budget friendly hotel in Las Vegas, you can also make use of the Internet. Search online for Las Vegas hotels and vacation packages as well.

Nowadays, most hotels create websites where you can get a hold of their prices and look at how beautiful and comfortable their rooms are. Do not go for hotels that offer low prices unless they're showing pictures of their rooms.

Doing this will not only allow you to get a hold of affordable hotel room rates, you may also end up finding hotels that offer discounts for luxury or regular rooms. Remember to write the online hotels in your list as well.

Once you think you have a good number of options, pick which one that offers the least price for comfortable hotel rooms. Then get a reservation a month or 21 days prior to your visit to Las Vegas. As you already know, most hotels in Vegas give discounts to clients who get early reservations. Beside, most hotels raise their prices once their rooms become limited.

Now, as mentioned earlier, you can find hotels in Vegas online. And when searching for hotels, many people would use search engines.



Source by Winstoni Brock