Aug 15, 2012

Car Insurance News

Most motorbikes covered - including supersport and touring bikes
New EU rules on car insurance explained It could be worth shopping around to find the cheapest car insurance policy available The European Court of Justice announced plans last year to scrap gender as a contributing factor towards car insurance. This will affect nearly all drivers as it could push up the cost of car insurance even further. It is felt by many that the decision that gender should not be used to calculate risk could also cross over into other insurance policies in time. The EU has decided that it was discriminatory to use gender as a deciphering factor in determining car insurance prices.
Women, who typically are seen as lower risk drivers compared to men, may now see their policies bumped up to match that of men. Insurers are unlikely to reduce the rates of men to match women and, therefore, young female drivers in particular may feel the impact of the EU ruling worse than any other group. In contrast, men might see their car insurance premiums reduced slightly. This means that anyone who has purchased car insurance since the end of December 2011 will be affected by the ruling on their next renewal. The ruling will be enforced on 21st December 2012 and until then gender is still to be used as a contributing factor. Losers and Winners The Association of British Insurers suggests that the gender ban will increase premiums for women by up to 20%. Men, however, could see their premiums reduced by up to 10%. The current system operates on the risk assessment of the driver. Statistically, female drivers are at a lower risk compared to men. The British Insurance Brokers’ Association have suggested that the average 18 year old male will claim £4,400 on their car insurance. This is in comparison to the average 18 year old female claim of £2,700 The AA British Insurance Premium Index shows that insurance has increased by 15% in the last three months of 2012. Young drivers experienced the highest average increase.
It could be worth shopping around to find the cheapest car insurance policy available before the ban comes into force at the end of the year.
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Aug 14, 2012

Auto insurance is mandatory in the commonwealth

Auto insurance is mandatory in the commonwealth Drivers must purchase and maintain car insurance in order to legally drive in Pennsylvania . Under Pennsylvania law, this is called maintaining “financial responsibility” on your vehicles. A lapse in insurance coverage may result in the suspension of your vehicle registration privilege for three months, unless the lapse of insurance was for a period of less than 31 days and the owner or registrant proves to the Department of Transportation (PennDOT) that the vehicle was not operated during this short lapse in coverage.
If you are stopped for a moving violation and it is determined that you are operating your vehicle without insurance, you could face the following penalties and expenses: A minimum of $300 fine for driving uninsured A three-month suspension of your vehicle registration A three-month suspension of your driver’s license Restoration fees to restore your vehicle registration Restoration fees to restore your driver’s license Vehicle impoundment Pennsylvania ’s required coverages When you purchase private passenger automobile insurance, there are certain coverages that are required and others that are optional. The required coverages are: Medical Benefits — This pays medical bills for you and others who are covered by your policy, regardless of fault. The minimum limit is $5,000 of coverage. Higher limits are available if you so choose. Bodily Injury Liability — If you injure someone in a car accident, this coverage pays their medical and rehabilitation expenses and any damages for which you are found liable. The minimum limit is $15,000/$30,000. The $15,000 pays for injuries to one person, while the $30,000 represents the total available for one accident. Property Damage Liability — If you damage someone’s property in an accident and you are at fault, this coverage pays for it. The minimum limit is $5,000 of coverage.
Limited or Full Tort — You can choose to have full or limited tort coverage. Limited tort coverage offers you a savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses; however, you are not able to recover certain damages - such as payments for pain and suffering - unless the injuries meet one of the exceptions to limited tort as defined in Act 6 of 1990, title 75, section 1705 (d). With full tort coverage selection, you retain unrestricted rights to bring suit against the negligent party.
Pennsylvania ’s optional coverages In addition, private passenger automobile insurance policies offer a variety of additional optional coverages that can be purchased. These include: Underinsured Motorist (UIM) — This coverage applies to you, your family and your passengers for bodily injury if you are hit by an at-fault motorist who does not have enough insurance to cover your claim. This does not cover damage to property. Uninsured Motorist (UM) — This coverage applies to you, your family and your passengers for bodily injury if you are hit by an at-fault uninsured motorist. This does not cover damage to property. Stacking of UM or UIM — This coverage allows you to either multiply the amount of uninsured or underinsured motorist coverage by the number of vehicles on your policy or to receive uninsured or underinsured motorist coverage from more than one policy under which you are insured. It costs extra to stack uninsured or underinsured motorist coverage. Funeral Benefit — This coverage pays, up to a certain dollar amount, money for funeral expenses if you or a family member dies as a result of an auto accident. Income Loss — This coverage pays a portion of your lost wages when injuries sustained in an auto accident keep you from working. Collision — This benefit pays to repair damage to your car as a result of an accident. Most banks or lenders require you to buy this coverage to receive a car loan. Under Pennsylvania law, the insurance company applies a $500 deductible unless you request a lower amount. Generally speaking, the higher your deductible, the lower your premium. Comprehensive — Generally, this pays for theft or damage to your car from hazards including fire, flood, vandalism or striking an animal. Most banks or lenders require you to buy this coverage to receive a car loan. There are various levels of deductible that may be purchased. Extraordinary Medical Benefits — This coverage pays for medical and rehabilitation expenses that exceed $100,000. It provides a maximum of $1 million of coverage. Accidental death benefit — This is a benefit paid to the personal representative of an insured if the bodily injury from a motor vehicle accident results in death within 24 months of the date of the accident. Rental reimbursement coverage — This pays for an individual’s expenses, up to the limit on their policy, to rent a vehicle if they have a covered comprehensive or collision loss. Towing coverage — This reimburses an individual, up to the limit on their policy, for towing and labor costs for a covered disabled vehicle. This coverage is usually only available if comprehensive and collision is carried on the vehicle. Gap coverage — This pays the difference between an insurance company’s payment for a totaled vehicle and the balance of a vehicle loan. This coverage is traditionally only available when an individual is purchasing a new vehicle.
How rates are determined When you are ready to purchase insurance, the insurance company or producer (agent) will ask you a series of questions and, based on your answers, will decide whether or not they will accept you as a policyholder. This practice is known as underwriting. By law, insurance companies may not unfairly discriminate by using underwriting standards based on things such as race, religion, nationality or ethnic group, age, family size, occupation, place of residence or marital status. Based on your answers and your circumstance, the appropriate rate to charge you for your premium will be determined. When you’re ready to apply You need to know what coverages you want, what limits of liability you require and what deductibles you desire. Also, you need to have the following basic information available on all drivers in your household: All drivers’ names, ages, sex and marital status Driving record (accidents and moving violations) Annual mileage driven Full vehicle identification number Year of vehicle Cost of vehicle Special equipment, such as anti-theft devices, airbags, etc.

Aug 8, 2012

Direct Line Car Insurance

Direct Line Car Insurance Direct Line, now a multi product insurer was started in 1985 with a single product offering – car insurance. Today Direct Line is one of the most well known insurers in the UK with over five million customers. Direct Line prides themselves on their competitive pricing and outstanding customer service. If you wish to speak to Direct Line about a new or existing UK car insurance policy you can expect a quick response from a UK based call centre.
The Benefits of a Direct Line Motor Insurance Policy Direct Line vandalism cover Direct Lines vandalism cover, included with all comprehensive car insurance policies preserves your no claims discount in the event that a claim needs to be made for vandalism. Named Driver No Claims Discount Named Drivers on a Direct Line motor insurance policy receive their own no claims discount for when they take out their own policy with Direct Line. Direct Line car insurance policies also offer: • No excess and protection of your no claims bonus if you are hit by an uninsured driver • Up to 70% No Claims Discount Option benefits for Direct Line car insurance policies in the UK include guaranteed car hire in the event your vehicle is damaged in an accident and legal protection cover. Direct Line is a popular and competitive insurer and enjoy a strong position in UK car insurance market. LV= Car Insurance lv content Liverpool Victoria LV car insuranceLV are the UK’s largest friendly society, established in 1843 as Liverpool Victoria. They have built an enviable reputation for the quality of their car insurance products. Independent financial services research body, Defaqto, have awarded LV= Car Insurance five stars for the fifth year in a row. LV= currently have a strong foothold in the UK market for cheap car insurance.
‘Seriously good car insurance’ is the Elephant strapline, and they do include some useful benefits as standard across all policies. For example, 90 days European cover is standard with both third party and comprehensive Elephant motor insurance, whilst flexible payment options are also available to help manage the cost of your car insurance policy. Elephant Car Insurance elephant content Elephant Car InsuranceElephant.co.uk is one of the best known names in car insurance. Having started life in 2000, they offer motor insurance quotes online, usually at highly competitive rates. They are certainly a popular choice, having insured over 350,000 drivers, and claim to offer both great value, and strong customer service. Car Insurance Review

What would you expect to be included with a Temporary Car Insurance policy?

What would you expect to be included with a Temporary Car Insurance policy? What’s included with a temporary car insurance policy will depend on the insurer providing the cover, and so you should always check that you understand the policy terms before purchasing cover. Generally speaking, most temporary policies include the following:
• Comprehensive cover for damage to the vehicle in question including loss from fire, theft or vandalism • Cover for liability to 3rd parties including injury and damage to property • Compulsory EU cover Other policies may also include the features above but offer additional benefits such as: • Uninsured loss recovery • Temporary breakdown cover
It’s important to note that not everyone will be eligible for temporary car insurance. The majority of temporary policies are available only to drivers aged 21 or over, and in many cases you must be at least 25 to qualify. You should also remember that you cannot use a temporary policy to build up a no claims bonus.

Get temporary motor insurance from 1 – 28 days

Get temporary motor insurance from 1 – 28 days When would you use Temporary Car Insurance? Temporary car insurance was originally designed for businesses involved in the motor trade but has since been made available to the general public. It has become more and more popular in recent years as a convenient way of getting insured on someone else’s car for a brief period, such as a long journey where you want to share the driving with a friend.
Temporary motor insurance policies are usually available for periods of between 1 and 28 days and can be used to insure a car, van or motorbike. Most providers offer online quotes, enabling you to avoid lengthy conversations with call centres, and your certificate of insurance can often be emailed to you instantly.
There are a number of situations where temporary car insurance may be useful, including: • Times when you wish to use a friend or relative’s vehicle • Times when a friend or relative needs to borrow your car, and you don’t want to risk your no-claims bonus • Driving home a newly purchased car before an annual policy is decided on • Test driving a vehicle • When using a courtesy car whilst your own car is in for repair • Where you require an insurance cover note to tax your vehicle • When you are selling a vehicle and need to ensure that it remains insured until sold • In an emergency where you must drive someone else’s vehicle

10 major car insurance comparison

Quotes will generally be displayed from the cheapest to most expensive – there may be some companies who cannot quote for your particular circumstances. No quote will be returned in this instance. If you are happy with one of the quotes provided you will be able to click a link which will take you to the insurer’s website where you can complete your application. Comparing Car Insurance Comparison Sites There are now more than 10 major car insurance comparison sites operating in the UK, each with a slightly different panel of insurers. While it may not be worth comparing quotes from all 10. While car insurance comparison sites provide real time car insurance quotes this does not necessarily mean that quotes from one comparison site will be the same as quotes from another, nor does it mean that the cheapest quote is the best policy.
You should also compare the details of the policy quotes. While it may be from the same insurer the cover could be very different from one quote to the next. Important things you should remember to check are: The excess – having a higher excess will reduce the value of the policy The extras – windscreen cover, courtesy cars and vandalism cover are just a few extras that can be removed to reduce the cost of the policy It is also important to remember that you are still under a duty of full disclosure of any facts that should reasonably be disclosed to the insurer, even if you use a car insurance comparison site which doesn’t ask you about the particular fact in question. Not doing so could void you insurance policy.
Temporary car insurance is designed to cover you when you need to drive another car for a short period of time. It can be a far better alternative than taking out an annual policy, or going through the hassle of being added to someone else’s policy for a short period. You can normally arrange cover online within a matter of minutes. If for any reason you need to drive a car which is not your own, don’t risk driving without temporary insurance cover. By the same token, if someone else needs to use your car, you might not want to risk your no-claims bonus by adding someone else to your annual policy.