Florida Auto Insurance premium rates averaged $1.00 in the year 2008 representing a difference of 4.4 % from the previous year. The premium rates figure in 2008 implies that the Comprehensive coverage averaged at $113.68, the collision averaged at $280.92 and the liability coverage averaged at $756.04. Apart from the shocking statistics, the National Association of Insurance Commissioners has recently conducted a survey that has found out that people living in the district of Florida, New Jersey and Columbia pay more on their auto insurance policies than the people of other states. Even with yearly changes, Florida has been a consistent state that charges high premium rates from the auto insurance policy holders. Read more…
When Buying the Cheapest Auto Insurance, Don’t Forget to Protect Your Assets
If you are looking for the cheapest auto insurance rates, you may be tempted to skip some optional forms of coverage. But when you buy auto insurance, you shouldn’t just look at your monthly premium as your bottom line. You should also try to think about the worst case scenario. How much could you reasonably afford to pay out of pocket if you were involved in an accident? What if the other driver wasn’t insured, or what if you were at-fault? There are a few optional kinds of coverage that you should consider carrying to avoid financial disaster.
1. Uninsured Motorist Coverage
According to the most recent statistics, approximately 1 out of 3 drivers does not carry insurance as required by law. So
January 28, 2011
4 Tips to Slash Your Car Insurance for Young Drivers Costs
If you are in the process of buying insurance for a teen driver, then you know that car insurance for young drivers can be very expensive to purchase. If your monthly premiums are taking a bug jump thanks to a teen driver in your family, you want to find the cheapest car insurance possible without sacrificing safety and without leaving yourself open to gaps that could cause lawsuits and huge financial losses.
Why are teen drivers so expensive to insure? Well, statistically speaking, teen drivers engage in behavior that makes it more likely that they will be involved in a car accident.
January 27, 2011
Aviva private motor sales soar in Swinton tie-up
Aviva has reported that the successful roll-out of its personal lines pricing to Swinton’s 570 branches and three call centres has more than doubled sales of its private motor offering, year-on-year.
The integration of the firms’ systems has allowed Swinton brokers to offer Aviva’s private motor product at a price that is more in line with the direct marketplace, while customers continue to benefit from the guidance and expertise of a broker.
The insurer’s head of personal lines, Sam Hudson, comments: “With the personal lines market remaining highly competitive, our investment in technology means that we can provide brokers with access to more competitive private motor rates so they can react to market changes quickly.”
Swinton’s insurer development manager, Steve Foster, adds: “The integration of our motor quote engine with Aviva’s dynamic web-based rating engine has meant that we can access the real-time pricing system, creating a transparent alignment between direct and broker prices.”
According to Mr Foster, “there is a clear appetite amongst our customers for a competitively-priced offer, delivered through our brokers”.
January 26, 2011
IMPORTANT: Comparing Cheap Car Insurance
Comparing cheap car insurance policies is undoubtedly something that everyone should absolutely be doing when renewal time rolls around and this is more important now than ever. In fact, it is something that you simply cannot afford not to do. Why? Because a car insurance index from a well respected breakdown and insurance company has revealed that car insurance premiums are still rising and have yet to show any signs of slowing down.
If cheap car insurance premiums are disapearing, though, because premiums are rising overall, what can you do about it? Well, not resign yourself to paying more for a start.