California Auto Insurance – Money Saving Tips for Young Drivers

If you are under the age of 25, you have to pay more money for your California auto insurance premiums than other drivers because of your age. This is something that you cannot control, and you have to have car insurance if you want to drive in the Avocado Capital of the World. This is required by law no matter what kind of car you have on the road. Here is a look at some of the ways that you may be able to save money on your car insurance so you can have more money to spend on other parts of your life.

If you want to save money on your California auto insurance, you can start by maintaining a good driving record. Avoid tickets, arrests, and accidents, and try to keep your record as blemish free as possible. This will help you save money because it will show your insurance company that you are being cautious on the road. You will need to keep your good record up for a few years to see a significant savings, but when that happens, you can work to maintain your driving record as long as possible.

You may also want to think about bundling your California auto insurance with a family member to save money. This will give each of you a multi-car discount, and it will help you establish loyalty with an auto insurance company. There are some restrictions as to who can bundle services together, so do not assume you can just get a lower rate by sharing a friend’s policy. You will have to explore these details further with your specific insurance company. They may or may not offer a big savings through a bundling service.

If you have to pay for other forms of insurance, you might be able to combine them with your California auto insurance to save money. That means that you can get your health insurance, renter’s insurance, life insurance, or other policies through one company and get a discount on each of them. This is the kind of option that you will need to get a quote for just to see if you can save any money at all. If you can, you need to get as much out of that discount as possible. Even young drivers can get low insurance rates if they try hard enough. Find out how low your premiums can be today.

Does Low Cost Auto Insurance Equal Low Liability limits?

The amount of insurance you will need will always be determined to late, once you have an accident. To try to understand how to protect yourself, you first need to know what your liability insurance will cover. It is always broken up in two parts bodily injury and property damage liability.

Bodily injury liability covers injuries do to a car accident.

1. First Aid at the Accident

2. Medical expenses for bodily injury

3. Compensation for loss of income

4. Funeral expenses

5. Legal counsel costs

Property damage liability makes the damage that is cause due to an automobile accident.

1. Structural damage to homes, storefronts, etc.

2. Restauration cost for other immobile objects

3. Car restoration or replacement expenses

So, what coverage limit are right for you? Every state compiles there minimum guidelines individually. 15,000/30,000/15,000 is the minimal norm but that may vary from state to state so check your state guidelines. You might have noticed that there are three coverage figures and not two. This is because bodily injury liability usually comes in a split limit unless you request a single limit of coverage.

Split Limit coverage: Limits are split into two for bodily injury coverage and then there is a separate coverage for property damage. If you take the example from above $15,000/$30,000 coverage, the $15,000 represents the total amount of bodily injury coverage that will be paid out to any one person during an accident. The $30,000 represents the total amount of bodily injury coverage that will be paid out for the entire accident. If you had a single limit of coverage it would include a maximum to be paid out but no individual maximum and it could be divided however needed.

The last number in your liability coverage is always your property damage limit in the above cast is was also $15,000.

What is right amount of liability coverage? The most common amount of coverage is a split limit of $100,000/$300,000 bodily injury with a property damage coverage equal to $50,000. People that take out lower limit are really exposing themselves to financial disaster if they can’t afford to pay the difference when an accident occurs. For example, say you have $15,000/$30,000 bodily injury coverage and $15,000 property damage coverage. You get into an accident that is your fault with two vehicles a five year Honda Accord and two year old Chrysler 300. There are three people in the Honda and one person in the Chrysler. All have minor injury but are brought to the hospital and the person driving the Chrysler stays overnight for observation. Their bills will run over your $30,000 maximum for Bodily injury and the person driving the Chrysler will have individual hospital cost of more than $15,000. What does that mean? Once your coverage is used up you will be responsible for the rest. With hospital cost as expensive as they are that could mean a very costly bill to you. This doesn’t even take into account the amount of property damage that needs to be paid out. Since you hit two cars the damage for both comes out at $19,000. That is another $4,000 out of your pocket. The worst part of the whole thing was you thought you had full coverage and that it didn’t matter what happened. Full coverage only means that you have liability coverage, comprehensive and collision coverage but your limits on liability are the most important. Make sure they are set properly.

100,000/300,000/50,000 is the most common amount of liability coverage within today. The cost to the consumer to go from state minimums to 100,000/300,000/50,000 of even more coverage isn’t that much more expensive. It just makes sense to me to pay a little more now for more coverage. Rather then thousands more later. I was found at fault in an accident and caused, because I didn’t have coverage to pay for all the expenses I caused to to the accident.

Cheapest Young Driver Insurance – A Way To Get Hold Of One

The bottom line is, young drivers are very expensive to insure cover wise. They’ve more incidents and are much less careful on the road than any other group of car drivers. Getting the cheapest car insurance for young drivers isn’t a straightforward activity, but there are methods to cut back premiums and make cover far more reasonably priced. Most young car owners will not even consider the price of insurance cover until they really come to set it up, and by then they are more likely to already have their automobile and have no alternative to pay the cover premium.

Frequently because of the very high price tag of car cover, young drivers now and then do not take car insurance, which could easily prove to be a incredibly costly mistake. It’s also true that those inexperienced people take out far more costly policies possibly than they want to. There has to be a balance in finding the cheapest car insurance for young drivers. By carefully setting up their car insurance young drivers can significantly minimise their automobile insurance cover expenses. Shopping around can collect great benefits as insurance costs range wildly from provider to provider. Two or three uncomplicated steps could easily reduce premiums and be certain that young car owners have the all important cover they require.

One thing I’d say, and this is at the danger of sounding a bit barmy or insane, don’t buy your car and afterward look at insurance cover. You would be smart to take a look at the insurance for the type of vehicle you are after. If you fancy a gas guzzling beast, or a sporty, racy vehicle, then it’s possible you’ll discover the insurance premiums on such cars to be excessive. You could wish to downsize the sort of ‘wheels’ you need, compromise a little. There may be totally no point in obtaining a brilliant automobile only to have it sitting in your drive or garage which you couldn’t have out on the road because of the fact you can’t have enough money to insure it, now that’s complete lunacy. Yes it may appear a bit daft to look at insurance when you don’t actually have a car thus far, but to get the cheapest car insurance for young drivers you’ll want to have an outline of what the insurance price is for certain autos.

Now you’ve gotten your automobile, there are a few things you are able to do that will make an insurance cover company look more in favour of your premiums. Any security devices fitted to the automobile equivalent to an alarm or an immobiliser will get you an immediate concession on your premium. Better still for those who have a garage you may store your car in, that is more likely to provide the principal markdown on your premium. Insurers want to keep away from risk of any kind and that’s the reason supplementary security on a auto provides you with better insurance cover expenditure. So sorting the cheapest car insurance for young drivers, is realistic, by simply following just a few simple steps. Investigate, investigate and seek again, examine the quotes you get. Keep your vehicle out of harm’s way and secure, and hey presto, less expensive automobile cover.

5 Car Insurance Fallacies

Fallacy no.1: I don’t need car insurance because I’ve never been in an accident.

Having never been in a motor vehicle accident is definitely not a good reason for driving around uninsured. If you have been fortunate enough not to have ever been in an accident you still need to cover yourself for that eventuality. The purpose of insurance is to cover possible future losses and not to remedy past losses. In some countries some form of car insurance is obligatory if you own or drive a motor vehicle. Compulsory motor insurance is usually some form of third party or liability insurance and covers the damage you do to others with your vehicle.

Fallacy no.2: Insurance premiums are not affected by the color of the vehicle

You will find a lot self-appointed experts profusely denying that the color of a vehicle affects car insurance premiums. This is true… for some insurance companies. Other insurance companies do in fact use the color of a vehicle to quantify risk. This is because darker vehicles have a higher chance of being in accidents at dawn and dusk. White vehicles are favoured by car thieves as they are easier to re-spray, so they carry a higher risk of being stolen.

Fallacy no.3: If a friend crashes my car, his insurance will cover the damage

This is a complete myth because car insurance policies cover vehicles and not drivers. Not only will your friend’s insurance not cover the damage, there is also a good chance that your own insurance company will not cover the damage and you will need to pay for it out of your own pocket. Most car insurance policies are either for a ‘Nominated Driver’ or for ‘Multiple Drivers’. If you are the only nominated driver on the insurance policy then your claim will be rejected. Some multiple driver policies only cover the policy holder and their spouse, so this might also be insufficient to cover your friend’s accident in your vehicle. If your policy does cover your friend and the claim is successful then you can expect your insurance premium to go up. You will also lose your no-claim bonus if there is one.

Fallacy no.4: My credit rating has no effect on my insurance premiums

How could your credit rating possibly factor into your chances of crashing your car or having it stolen? Well the answer is that is does not, but it does indicate the likelihood of you missing payments, cancelling your policy or even committing insurance fraud. People with poor credit ratings and especially those who have declared bankruptcy are high risk to insurance companies due to financial reasons and not motor risk related reasons.

Fallacy no.5: The government sets insurance premiums

Insurance premiums are definitely not set by the government. The insurance industry is however regulated by the government and an ombudsman is assigned to handle disputes between policy holders and insurance companies. Insurance premiums are set based on a variety of factors including the make, model, value of your car and other factors like your claims history and credit score.

Owning Dog Liability Insurance is Essential if You Enjoy Keeping Your Assets

How much thought have you given to dog liability insurance? If you own a dog breed that is notorious for aggression like Pit Bulls, Rottweilers, Dalmations, and others, there’s always the possibility that something could happen…no matter how well trained you think your dog is.

Having dog liability insurance could mean the difference between getting caught in a legal and financially straining mess and having peace of mind.

While the usual homeowner’s policies cover most dogs and the problems that come with them, many of them exclude the breeds mentioned above, as well as some others. By owning these dogs and not being protected from devastating bites, digging, and even unprovoked attacks, you could be leaving yourself very vulnerable to devastating lawsuits.

In this article you will learn why having dog liability insurance is so critical, what the costs are, and where you can go to get the cheapest and most comprehensive insurance for your loved one.

Don’t leave yourself exposed…

It’s a fact that many apartments don’t even allow you to own certain breeds while living in their complex. These breeds include Pit Bulls, Rottweilers, Doberman Pinschers, wolf breeds, Akitas, and sometimes Dalmations, some Terriers, and others.

Even mix breeds of these dogs aren’t allowed. The reason for this is simple – these dogs are a liability because of their aggressive nature. They don’t want to be sued by other tenants or even people walking through where they get into a skirmish with the dogs. The owners of these dogs can swear up and down about how well they’ve trained them or how nice they are, but ultimately, the dog’s instincts can kick in and within a few seconds disaster can happen. Sometimes it’s beyond our control.

That’s also why homeowner’s insurance policies don’t cover these breeds. By owning these dogs you expose yourself to costly lawsuits…this is the plain and simple truth, no matter how much you feel otherwise.

How much does it cost?

Typical dog liability insurance can run anywhere from $8 to $12 a month. They, of course, can be higher depending on how dangerous they consider your dog, where you live, and what the local laws are. If your dog actually has bitten someone in the past, thus raising the dog’s liability, then in some cases insurance could cost as much as $85 a month. This is the exception so the lower amount is a good estimate to shoot for.

You can expect to be covered for most types of dog aggression such as dog bites, and emotional damage by unprovoked attacks. The coverage can reach up to $100,000 and higher with deductibles as low as $1000.

Considering the cost of a potential lawsuit, getting dog liability insurance is a very smart investment, especially if you know that your dog has aggressive tendencies and you want to protect yourself.

Where to find the cheapest insurance…

There are many places where you can find low cost dog liability insurance, but you also don’t want to get sucked into a seemingly good deal and wind up paying too much for a small amount of coverage.

If you do an online search, you’ll be able to find websites that offer the best price comparison on this specific type of coverage (you have to remember that this is a specialty coverage and many companies don’t even offer it).

You’ll be able to find decent prices and will be able to compare things based on your location, your dog’s breed, your dog’s history, and other things. Consider the fact that, while as unfortunate as it is, people are sue-happy, especially if they can get someone in a “dangerous dog” suit. Make sure that you’re protected with dog liability insurance so you can have peace of mind and be able to enjoy dog ownership to the fullest.

Thinking about disability insurance

When everyone else around you slows down at the end of the working day, you are the one still working hours later when they have all gone home. This is part of the positive commitment everyone has to make during the start-up period. You are the can-do guy, the energizer bunny who keeps on working to get the business up on its feet. Then, just because it starts to pay its way does not let you off the hook. Now you are all about growth. You know if you take your foot off the gas pedal, those little shoots will not grow into a sturdy plant (or even a big tree). So the first threat most people think about is an early death. Unfortunately, there is a link between the levels of stress in starting a new business and heart attacks. In younger people, it is fairly remote but, as you age, the risk of dying increases. You add in life insurance coverage to protect your family. Giving them a lump sum will see them able to survive. You may tie this cash into some degree of succession planning to enable the business to keep on running. It depends on whether you have family members or other trusted individuals who can take over from you. But most people leave it at that. Unfortunately, among younger people, disability is far more common than death.

Disability covers a whole range of physical problems arising from an accident or illness. It may be you lose your mobility or an injury may prevent you from using your skills. Now the issues are more complicated and simply receiving a lump sum as on death, is often not going to be helpful. So, for planning purposes, do you have reliable people who could keep the business going while you recover or learn how to cope with more permanent problems? This may involve a loss of profitability. That is less important than still having a functioning business to come back to. If the answer to this question is “yes” and the business can survive a period without your practical contribution and continuing supervision, you need to consider insuring against the loss of profit or look for a policy that will pay a proportion of your business overheads during your absence. Either way, the investment of capital and your time will be protected. But if the business is dependent on your specialized input, then you will be looking to sell it or wind up in an orderly fashion. This failure makes some level of payment to you essential.

When it comes to buying this type of policy, talk through the issues with your small business insurance agent. You need to understand what physical conditions the different insurers consider disabling and, most importantly, how quickly they begin paying out. Understand that many insurers have a waiting period to assess the degree of disability. You will also need to check your state’s law. Many cap the amount payable on small business insurance against disability. If so, you cannot avoid these limits by buying several policies. These are cumulative limits. Get the best advice to protect your interests.

When Texas Homeowners Insurance Feels Unaffordable

Finding Texas Insurance You Can Afford

There is no doubt that prices for Texas homeowners insurance seem to go up every year, and current legislation has so far done little to stop this. In fact, policy premiums are still on the rise. While Texas insurance laws state that rates need to be reasonable and that homeowners must be treated fairly, the fact that policies must be renewed even for high risk holders makes it hard for companies to lower rates for people who do not make frequent or fraudulent claims.

Know Your Options for Texas Home Insurance

One thing that can help when looking for a quality Texas homeowners insurance policy is to be aware of your options. Look for policies that offer discounts for people living in safer neighborhoods or who offer lower premiums for people outside of hurricane and tornado danger zones. Take advantage of free online quotes whenever possible and always make sure that you fully read and review every detail of a policy before you agree or sign any contracts. These simple steps can help you save significantly on your premiums.

Homeowners Insurance in Texas Is Necessary

While you may think that the most affordable option is simply not to carry a policy, this is never recommended. Even if there is no lien on your home, you absolutely must have insurance. An electrical mishap or a flood could easily result in catastrophic damage to both the structure and contents of your home, and unless you have major savings built up, this could leave you unable to replace all that has been lost. The bottom line is that Texas homeowners insurance is more of a necessity than a luxury and that you really need to take care to ensure that you have the best policy for your home in place in case of an emergency.

Steps for a More Affordable Policy

• Clear your credit rating – it does affect
Texas homeowners insurance prices
• Keep your home up to code and up to date
• Reduce unnecessary claims
• Increase hurricane resistance
• Upgrade plumbing and electrical

Following steps like these can actually lower your insurance rates. Take the time to learn what you can do to keep your policy premiums low and make as many changes as possible. You might just be surprised at how much you can save when you choose to take little steps to reduce claim risks.

Car Insurance for Your BMW i Series – Introducing Packages from BMW Insurance

BMWs are often expensive and fairly prestigious vehicles to own, so you will likely want to make sure that you take out a suitable insurance policy to protect your purchase. BMW itself also provides a range of financial services, including insurance products designed specifically with BMWs in mind. While you will likely be able to find cheaper insurance packages elsewhere, particularly if you use the price comparison websites, taking out an insurance policy with BMW itself presents a number of advantages.

BMW Insurance currently offers several insurance policies designed exclusively for BMW vehicles. Alternatively, if you want to find the cheapest car insurance for your BMW, you may want to take a look at any of the financial comparison websites to get quotes sent to you online. With any insurer, premiums will vary depending on a number of factors, such as the insurance group of your car, your age and level of experience, where you live and what you use the car for.

The following takes a look at the policies specifically tailored to the BMW i range of cars. These include all modern electric cars manufactured under this sub-brand since 2011. BMW provides similar policies for all of its other new cars.

BMW FlexiMile Insurance

These policies are available exclusively for all electric BMW vehicles. These policies allow you to save a considerable amount of money on your insurance premiums due to the fact that they are based on low annual mileages up to a maximum of 5,000 miles. Using a special device installed for free in your vehicle, your distance travelled will be tracked, and you will be kept up-to-date on your mileage. The policy is completely flexible, so you will not actually need to restrict yourself to driving less. However, any extra miles will mean added costs to your insurance premiums, since you will be charged on a per-mile basis. For those who do not drive very much or plan to use their BMW only as a second car, these policies can save you quite a lot of money. Others may find it more cost-effective to switch to their standard comprehensive insurance policy.

7-Day Complimentary Insurance

This policy is a comprehensive one offering coverage for third party liability, theft, fire and damage. This policy is available to any BMW cars of the ‘i’ series. This policy allows you to get coverage for your car on the day that you buy it. It is primarily available through BMW dealers themselves, and as with all of their insurance policies, it is underwritten by Allianz Insurance.

BMW Shortfall Insurance

This insurance package provides comprehensive coverage whereby you will be paid the full amount you paid for your car in the first place in the event that it is written off in an accident. BMW Shortfall insurance is the company’s premium car insurance package, tailored to minimize the financial risk taken on your part. You can choose your own level of coverage, and the policy will pay any difference between the settlement figure and the invoice price of the vehicle. If you purchased your BMW on finance, the policy will pay the outstanding finance amount instead.

Reasons for Getting Car Insurance from BMW

Getting insurance through the manufacturer of your car is rarely going to be the cheapest option, but it does provide a number of benefits which make it worth consideration, particularly those with new and expensive vehicles.

• Any repairs done which are covered by your insurance policy will be covered out by trained specialists who deal exclusively with BMW cars. If the vehicle needs any repairs, they will be dealt with only at BMW-approved dealers.

• Any replacement parts will be official BMW parts. No third party components will be used.

• BMW Insurance will provide you with a courtesy car which you will be able to keep while your own car is being repaired.

• The company provides a 24-hour emergency rescue service which will recover your vehicle and organize transport for you so that you don’t end up getting stranded.

• If your windshield is damaged, BMW will replace it promptly without your no claims bonus being adversely effected.

Those pesky zip codes

There’s a fundamental unfairness about penalizing drivers for what happens in their neighborhood. In a totally fair world, insurance would be all about whether each person drives safely and avoids getting into accidents. The people who go through life without ever making a claim would therefore be rewarded by ever lower premiums. After all, if you pay your premiums on time, every year, without ever making a claim, you build up a big credit against the time your luck runs out. Except, life isn’t fair. Look around and you’ll see almost every state allows its insurance companies to use zip codes as one of the key indicators when it comes to setting the premium rate. The result can be that good drivers pay more than bad drivers. Except in California, that is. If we go back to 1988, the voters of the Golden State decided enough was enough and passed Proposition 103 which required insurers to base their rates on the safety record, the years of driving experience, and the number of miles driven. Needless to say, the local insurers were less than happy and so a big rearguard action was mounted to slow down implementation. It took until 2003 for the Commissioner to issue the relevant regulations. It’s now estimated that Californians have saved billions of dollars.

So what’s really going on? Well, insurance is all about estimating the risks that a claim will be made. So when it comes to third party claims, the liability can be based on the driver’s safety record. Whether you collide with another driver, hit someone on the sidewalk or fail to avoid a tree that suddenly steps out in front of you, is all down to how well you drive. But when it comes to comprehensive cover, we start talking about things not under your control. Take the weather, for example. If you live in an area where tornadoes routinely pick vehicles up and distribute their parts over the nearby counties, or where flood waters rise and soak the electrical systems and upholstery, we would not begrudge the insurers the freedom to take account of local conditions. So why should we complain when the theft and vandalism rates are high in your neighborhood?

Well, it’s at this point the debate gets a little fuzzy. Some people drag in racial profiling because a significant proportions of the neighborhoods happen to have high concentrations of people in different racial and ethnic groups. Others argue this is a form of tax based on where people live. This might be acceptable if the additional premiums paid for an improvement in policing but, as it is, all that happens is that people pay and claim more.

No one says the insurance companies have to be absolutely fair. Indeed, there’s an argument the insurers are right to load car insurance rates when the auto theft and vandalism rates are high. That’s why the Californian voters passed Proposition 103. The rates of car theft have been consistently high in California for decades. They tired of seeing their car insurance quotes rising so fast and defended themselves through the ballot box. Self-interest is a big motivator when there’s money involved.

Proving a Defect Car Part Was Responsible for Your Car Accident

Sometimes car accidents are not the result of driver negligence. There are cases where the liability is with the manufacturer who failed to ensure a vehicle is safe before putting it in the hands of a customer. In such cases, the plaintiff must prove how the manufacturer failed and why they should be held responsible for the resulting accident.

— Automotive Defects Are More Common Than You May Think —

There are three kinds of defects that may affect automobile safety. The first is in design, with the vehicle being flawed even before it was built. Normal usage of a poorly designed vehicle can result in injury. A good example of this type of defect is a car in which the fuel line connections create potential for fire.

A second type of defect is in manufacturing. A manufacturing defect occurs when parts are not properly or well made. If the parts on a vehicle are not the right shape or size, they can fail to work or come loose and cause injury to the driver, occupants or other people on the roadways.

The third type of defect is a warning defect. This is a failure by the manufacturer to notify customers of a known vehicle danger. An example of this type of defect is when the manufacturer knows that a part has resulted in multiple accidents, injuries or death of customers and yet the manufacturer does not issue a recall of customers with that same type of vehicle known to contain the defect part.

— Overview of Vehicle Defects —

Safe operation of a vehicle can be disrupted by defective auto parts. Such defects may be electronic or mechanical. Even the software designed to keep drivers and passengers safe can be defective. A defective part may lead to accidents. When enough of these types of problems have been found in association with a particular car model, a recall is issued.

The National Highway Traffic Safety Administration requires manufacturers to issue recalls when parts do not meet safety standards. This is done to ensure future accidents do not occur due to the same known cause. Over 390 million cars and trucks have been recalled to date, with 66 million auto parts and 46 million tires being replaced due to defects.

Liability is determined when the defect affects people. Injury and death can result from a vehicle part that breaks, with manufacturers possibly being held liable for the accident damages.

— Damages Due to Defective Parts —

Vehicle defects often destroy cars and trucks from within, where the defects may not be perceptible by drivers. Defects can cause accidents affecting multiple people and property. Each defect can cost thousands of dollars in destruction with injuries to people that include broken bones, abrasions, contusions and minor injuries.

— Liability in Defective Parts —

It is up to the plaintiff in a personal injury case to prove auto defect resulted in an accident. Because these cases can be quite complex, plaintiffs usually enlist the help of an experienced personal injury lawyer. The lawyer may conduct an investigation to gain evidence of the defect that caused the accident.
For such a case to be successful in court, the plaintiff must prove that the defect caused or contributed to the accident. For manufacturer liability to be proven, the plaintiff must show that the defect originated from the manufacturing process or otherwise while the vehicle was in the hands of the manufacturer.

When a defect is proven to have existed while under the manufacturer’s control, damages to the plaintiff must have occurred for any financial liability on the part of the manufacturer. A personal injury lawyer will review case information, circumstances and documentation to establish proof of damages caused by the defect in whole or in part.

— Working with a Lawyer for a Defect Case —

When buying a vehicle, drivers entrust that the vehicle meets safety standards and that the quality of that vehicle will ensure safety of those using it. When accidents happen due to a defect, injuries may be inflicted on the driver, passengers and others on the road. Lives may even be lost.

There are many things that a lawyer may need from the accident victims during a case, such as cooperation in not tampering with the vehicle until an examiner can inspect it. Defective auto part cases are particularly sensitive in this realm because it must be proven that the defect was from the manufacturer and not as a result of tampering after the car was sold to the customer. Documentation that may be required can include vehicle purchase paperwork, service records, records of damage, personal medication lists from the driver, insurance transaction details and traffic analysis.

The difficulty of a defect case involves the knowledge and experience of a personal injury attorney. Such an attorney has the right awareness, investigations connections and resources for proving such a case, when a defect exists.