auto insurance http://www.wisebread.com/taxonomy/term/7855/all en-US 10 Steps You Must Take If You've Been in a Car Accident http://www.wisebread.com/10-steps-you-must-take-if-youve-been-in-a-car-accident <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-steps-you-must-take-if-youve-been-in-a-car-accident" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/car_accident_000035665620.jpg" alt="Guy making phone call after car accident" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Getting in a car accident can be one of the most unnerving moments in a person's life. The unexpected has just happened. If you're lucky, no one has been injured.</p> <p>Then comes all of the hassles that can be part of being in an accident: filing police reports and insurance claims, getting your car fixed or replaced, and many other things. Remembering what steps to take can be difficult. Here are some things drivers should do after a car accident. (See also: <a href="http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident?ref=seealso">What to Do (and Not Do) When You're in a Car Accident</a>)</p> <h2>1. Stop</h2> <p>Don't drive or run away from the scene of the accident &mdash; you could be arrested for leaving, even if it's minor.</p> <p>If your car is still operable, drive it off to the side of the road and out of traffic. If you can't safely drive it, leave it to a tow truck. Assuming you can safely get out of your car, put warning flares out and turn your flashers on to warn traffic of your accident.</p> <h2>2. Seek Medical Care</h2> <p>Are you, or is anyone else in your car, injured? How about in the other car? If you think someone needs urgent medical help, call 911. Injuries often aren't immediately apparent in auto accidents, so you may need to see your doctor or go to a hospital emergency room a day or so later.</p> <h2>3. Call the Police</h2> <p>Even if no one is injured, calling the police is a good idea. They can help with traffic control so another accident doesn't occur, and can collect evidence, talk to witnesses, and file a report that will help both drivers with their insurance claims. Unless the vehicles interfere with traffic, they should remain where they are so police can determine what happened.</p> <p>When talking with the police, tell them exactly what happened. If you don't know certain facts, don't fudge them and say that you're unsure. If an officer asks if you're injured and you don't know, say that you're uncertain instead of no. Pain from an accident can come hours later, so saying you're not injured when you don't know could be held against you later in an insurance claim.</p> <h2>4. Take Notes</h2> <p>To help your insurer, draw a map of the accident scene and write down property and vehicle damage. Also take note of the weather conditions, which can negatively affect drivers ability to travel safely. According to the Federal Highway Administration, <a href="http://www.buyautoinsurance.com/ultimate-bad-weather-driving/">weather related factors</a> account for 24% of the 6.3 million car crashes each year. Get the names and phone numbers of any witnesses, as well as the other driver involved in the accident. Also be sure to get their insurance information, and write down their license plate number.</p> <h2>5. Take Photos</h2> <p>Even if you have a dash camera going at all times, get out your smartphone and take photos of the accident scene. Take videos if possible. Without getting in the way of the police, take pictures of any visible damage to the vehicles. If you can't get photos at the scene, take them as soon as you can afterward.</p> <p>Some smartphone apps have <a href="http://www.consumerreports.org/cro/news/2012/07/smart-phone-apps-that-can-help-after-a-car-crash/index.htm">insurance reporting tools</a> that help collect photos, audio, and provide checklists of what to do after an accident.</p> <h2>6. Exchange Information</h2> <p>If police are on the scene, they'll be gathering contact information from everyone involved in the accident. But if police don't respond, you should still get the name, phone number, and address of everyone involved, including drivers, passengers, and any witnesses. Don't stand between two cars while exchanging information &mdash; your cars could be hit by a rubbernecker.</p> <p>Ask to see the insurance card of the other driver. If police are there, ask for the police report number so you or your insurer can get a copy of the report later.</p> <h2>7. File an Insurance Claim</h2> <p>Once you've received medical attention and are in a safe place, call your insurance company to file a claim. Your insurer should be available 24 hours a day, so contact them as soon as you can. A claims adjustor may need to see your car, either at your home or the repair shop.</p> <p>If your car has a black box in it, your insurer may need access to the data port. These black boxes record vehicle data from the last 20 seconds before the crash and help determine how it happened. This information can include vehicle speed, wheel direction, when airbags were deployed, and if the brakes were applied.</p> <p>Find out if you have medical benefits as part of your auto insurance coverage. If you do, you'll likely have to submit any medical bills related to the accident directly to your insurer.</p> <h2>8. Get Your Car Repaired</h2> <p>Your insurer should help you with a lot of this by recommending repair shops, and help you get a tow truck to the scene if necessary. They should also help you get a damage appraisal, and tell you when, if at all, you'll have to pay a deductible for repairs. If your car is totaled, ask when you can expect to receive a check.</p> <p>If you have rental car coverage, they can also help you arrange for a rental to use while your car is in the shop.</p> <h2>9. Keep a File</h2> <p>To keep track of all of the paperwork, start a file with the insurance claim number on it so you can keep on top of what's happening with your vehicle. It should include the contact information for the claims adjustor who is handling your case, along with contact information for everyone involved in the accident. Also keep receipts for your rental can and other related expenses.</p> <p>Your insurance company should be your first contact to make sure everything is being done to fix your car and your medical needs are being paid for. Your insurance agent or claims adjustor should contact the insurer for the other party in the accident.</p> <h2>10. Alert the DMV</h2> <p>Within a day or so of the accident, contact your local DMV office and tell them your car was in an accident. This is required by most state laws.</p> <p>After doing all of this, you should hopefully be able to relax and get back to driving.</p> <p><em>Have you ever been in an auto accident? What steps did you take?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/aaron-crowe">Aaron Crowe</a> of <a href="http://www.wisebread.com/10-steps-you-must-take-if-youve-been-in-a-car-accident">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident">What to Do (and Not Do) When You&#039;re in a Car Accident</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/disguise-your-stuff-to-prevent-car-break-ins">Disguise Your Stuff to Prevent Car Break-ins</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/keys-locked-in-the-trunk-heres-what-to-do">Keys Locked in the Trunk? Here&#039;s What to Do</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/your-ssn-can-now-be-accurately-guessed-using-date-and-place-of-birth">Your SSN Can Now Be Accurately Guessed Using Date and Place of Birth</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-lifesaving-skills-everyone-should-know">10 Lifesaving Skills Everyone Should Know</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation General Tips auto insurance car accident insurance claim safety Fri, 20 Mar 2015 11:00:04 +0000 Aaron Crowe 1349077 at http://www.wisebread.com This Is What That Ticket You Got Will Do to Your Car Insurance Rate http://www.wisebread.com/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/speeding-ticket-452522717-small.jpg" alt="speeding ticket" title="speeding ticket" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>There are two types of drivers in America: those who've received a ticket; and those who haven't.</p> <p>In the past five years, <a href="http://www.insurancequotes.com/auto/traffic-tickets-insurance-premiums" style="text-decoration:none;">25% of drivers</a> have received traffic tickets. That's one in four. Of course, tickets can range from the minor (such as driving with a broken headlight), to the very serious (a DUI). Tickets carry penalties, including fines and point violations, and if you hit 12 points your license is taken away. Typically, you'll automatically get 12 points for a DUI. However, the biggest hit your wallet takes will not come from fines and fees, but from the insurance rate hikes that accompany tickets. Here are five of the biggest insurance rate increases you'll get from traffic tickets.</p> <h2>DUI or DWI &mdash; 93% Rate Increase</h2> <p>That's <a href="http://www.carinsurancecompanies.net/how-much-does-car-insurance-cost-after-a-dui/" style="text-decoration:none;">almost double</a>, if you're lucky; many insurance carriers will actually drop you altogether, and some will triple your rate.</p> <p>The insurance industry does not like people driving under the influence. They consider you to be a very high-risk driver, and rightly so. <a href="http://alcoholism.about.com/od/dui/a/dui_insurance.htm" style="text-decoration:none;">Drunk drivers</a> are a danger not only to themselves and their own property, but also to everyone else on the road. If you can afford to pay the increased rate, it will be that way for three years. That equates to thousands of dollars. If your policy is cancelled, you need to get SR-22 insurance from another carrier before you can legally drive your car. And guess what? You now have a cancellation on your record, so it will be even more expensive. Of course, depending on your blood alcohol level, you may not even be able to get behind the wheel for another nine months.</p> <p>The bottom line is, <strong>never ever drive under the influence of alcohol</strong>. With the insurance hikes, penalties, classes, interlock devices, and everything else, it will cost you $10,000 and stay on your record for a long, long time. How much does it cost to get a cab, or spend the night in a nearby hotel? It's not $10k!</p> <h2>Texting &mdash; 21% Increase</h2> <p>Texting rate hikes have not come in line with DUI rate hikes yet, but they will. Research has shown that texting and driving is the same as driving after four beers &mdash; something that would easily get you a DUI conviction. Worse still, you are <a href="http://www.textinganddrivingsafety.com/texting-and-driving-stats/" style="text-decoration:none;">SIX TIMES</a> more likely to cause an accident if you're texting, as opposed to driving while intoxicated. Not only that, but 25% of all car accidents are now caused by drivers who text.</p> <p>It's an outrage that the insurance companies, and the laws, are not seeing texting for what it really is; one of the greatest dangers to road safety today. As it stands right now, if you get a ticket for texting and driving you can get as little as one point and a $20 fine, plus a 21% increase in your insurance rate (it's treated the same as a 15 mph speeding violation). It's very possible that if you have a good record, your insurance company will forgive you.</p> <p>But like I said above, expect the penalties for texting and driving to start increasing.</p> <h2>Reckless Driving &mdash; 82% Increase</h2> <p>If you're driving without using your hands, reading a book or map, erratically changing lanes while speeding, tailgating, road raging, or basically your attention is anywhere but the road ahead, you can get a ticket for reckless driving. Also, some DUI cases will plea down to reckless, or &quot;wet reckless&quot; (meaning alcohol was involved), and this results in slightly lesser charges and penalties. But don't go celebrating. Reckless driving is not something your insurance company likes to see on your record, and they will heavily penalize you for it.</p> <h2>Careless Driving &mdash; 27% Increase</h2> <p>On the other hand, careless driving brings much smaller penalties.</p> <p>While reckless driving is seen as intentional, <a href="http://law.freeadvice.com/general_practice/traffic_law/careless-driving.htm" style="text-decoration:none;">careless driving</a> is not done on purpose. You may forget to signal while changing lanes, or may fall asleep at the wheel (which brings disastrous consequences, but was never something the driver wanted to do). If you are ticketed for careless driving, you'll get a few points on your license and your insurance rate could rise by as much as 25%. Of course, your previous record will come into play, and your insurance company may let you off easy. There's a world of difference between forgetting to signal, and falling asleep behind the wheel.</p> <h2>Failure to Stop/Running a Red &mdash; 19% Increase</h2> <p>Whether you run through a stop sign or a red light, you can get a ticket.</p> <p>These days, cameras at intersections are grabbing offenders and sending tickets out automatically. You can always try to fight it, especially if you went through a yellow and the camera or police officer has you down as running a red. But, chances are you'll probably be too busy to go through with a court case, and will simply pay the fine and take the reduced points. Expect your insurance to go up about 19%, unless you have an exceptional history.</p> <h2>Speeding &mdash; Up to 30% Increase</h2> <p>The big one. Almost everyone, at some point in his or her driving life, is going to go over the speed limit. Even if it's just a few miles per hour over, it's breaking the law. Of course, most police officers don't usually bother unless you're going 10 mph or more over the limit (unless it's a very slow day). Depending on how much over the limit you were going, your insurance hike can range from 21% up to 30%. If you were doing something crazy, like 160 mph in a 55 mph zone, you may get a reckless driving ticket instead.</p> <h2>Driving Alone in a Carpool Lane &mdash; 18% Increase</h2> <p>It seems so trivial to get a ticket for driving in a HOV or carpool lane without passengers. However, those lanes are put there to ease traffic congestion, and if we all disobey the rules of the road they will become futile. While nothing major is going to happen, you can expect almost the same rate hike as a low-end speeding ticket. It's really not worth the hassle. Or the cost.</p> <p><em>Have you ever gotten a moving violation? What was the hit to your pocketbook?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-to-prepare-your-car-for-winter">7 Ways to Prepare Your Car for Winter</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-dangerous-mistakes-even-safe-drivers-make">8 Dangerous Mistakes Even Safe Drivers Make</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Insurance auto insurance Cars driving DUI moving violations tickets Mon, 04 Aug 2014 17:00:04 +0000 Paul Michael 1173261 at http://www.wisebread.com Things You Must Know to Protect Yourself in an Auto Accident http://www.wisebread.com/things-you-must-know-to-protect-yourself-in-an-auto-accident <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/things-you-must-know-to-protect-yourself-in-an-auto-accident" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/car-456014081.jpg" alt="auto accident" title="auto accident" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Every year there are six million car accidents in the United States, <a href="http://en.wikipedia.org/wiki/List_of_motor_vehicle_deaths_in_U.S._by_year">with over 30,000 involving fatalities</a>. Knowing what to do in a life-threatening situation can be crucial to your survival. Here are some tips on what to do in a car accident. (See also: <a href="http://www.wisebread.com/5-emergency-situations-you-must-prepare-for-and-5-you-can-ignore?ref=seealso">Emergency Situations You Must Prepare For</a>)</p> <h2>1. Prepare Yourself in Advance</h2> <p>Being prepared for emergencies is always beneficial. Consider keeping these items in your glove box as you never know when they'll come in handy: a cheap multifunctional tool like a combination seat belt cutter and window breaker, pen/pencil and paper (for taking notes at the scene or copying down insurance information), an emergency backup battery for your phone, a disposable camera for photos, and a first aid kit. If you're planning on driving your car often, always make sure your car passes safety inspections with flying colors, as a faulty system can mean the difference between life and death. Also make sure flammable materials are secured before driving.</p> <h2>2. If You Know the Collision Is About to Happen, Prepare Your Body</h2> <p>Relaxing the body before impact is a popular myth, but <a href="http://universalchiropractic.net/index.php?p=219508">most chiropractors believe it will not help</a> minimize injury sustained in a car crash. If you do anticipate a car accident, keep your wrists straight and your hands on the steering wheel at 10 and 2 and keep your head back against the headrest instead of leaning forward to minimize the force of impact of the air bag. (See also: <a href="http://www.wisebread.com/10-lifesaving-skills-everyone-should-know?ref=seealso">Lifesaving Skills Everyone Should Know</a>)</p> <h2>3. Assess Your Situation</h2> <p>This sounds easier said than done, but making a conscious effort to focus on what is happening can be the difference between life and death. Assess your situation, take an inventory of your body and your surroundings, and notice if there are any injuries or anything that seems like it will turn into a hazardous situation (like leaking gasoline). By figuring out what exactly has happened you allow your mind to create a plan and work out the next steps.</p> <h2>4. Call 911 Yourself If You Can</h2> <p>The &quot;<a href="http://greatergood.berkeley.edu/article/item/we_are_all_bystanders">Bystander Effect</a>&quot; describes the situation when a group of two or more individuals don't act during an emergency because they think the other(s) have probably already taken action. This is not the time to make assumptions. If you're able to do it on your own, call 911 and report the situation. If you're unable to but are able to communicate with another person at the scene, explicitly point to them and say &quot;Call 911.&quot; By giving them a direct order, you remove the Bystander Effect, as now one specific person has been given the responsibility.</p> <h2>5. Turn Off Your Engine and Don't Smoke</h2> <p>As soon as you're able to, put the car in park and turn the engine off. This minimizes the potential for further circulation of flammable materials. Also, if you're a smoker, then chances are this is definitely one of the times you need a smoke to calm down. But don't light up just yet, as there could be flammable materials in the air or on your clothing. Don't let others smoke around the accident, either, until police or the fire department have assessed the situation.</p> <h2>6. Get to a Safe Area</h2> <p>If you're able to get out of your car, you should move to a safe clearing away from the scene as soon as possible. Not only will this prevent further injuries from the aftermath of the crash, but it will also help you to assess the situation and treat any minor sustained trauma. (See also: <a href="http://www.wisebread.com/what-to-do-if-youre-hit-with-a-huge-medical-bill?ref=seealso">What to Do If You Get a Huge Medical Bill</a>)</p> <h2>7. Exchange Details</h2> <p>If another driver has been involved in the accident, and they're safe, now is the time to get all relevant details to each other. Make sure to get names, addresses, insurance information, phone numbers, and any other relevant details that you feel will be needed.</p> <h2>8. Approach Witnesses</h2> <p>If there were bystanders who are able to give accounts of the accident, it's best to get their information, too, and ask them to stay until the police show up to take a statement. If there are serious damages or injuries, having a witness testimony can help you when it's your word against the other driver's.</p> <h2>9. Contact Your Insurance Company</h2> <p>Most policies require you to contact your insurer within 24 hours of an accident so make sure to let your insurance agency know as soon as possible. Some agencies now have smartphone apps that will help you take pictures and file your claim. (See also: <a href="http://www.wisebread.com/6-mistakes-to-avoid-when-shopping-for-car-insurance?ref=seealso">Car Insurance Shopping Mistakes</a>)</p> <p><em>Have you ever been in an auto accident? How did you get through it?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/megan-brame">Megan Brame</a> of <a href="http://www.wisebread.com/things-you-must-know-to-protect-yourself-in-an-auto-accident">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-steps-you-must-take-if-youve-been-in-a-car-accident">10 Steps You Must Take If You&#039;ve Been in a Car Accident</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-really-easy-ways-to-unclog-drains">10 Really Easy Ways to Unclog Drains</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/breaking-the-bread-code-how-to-get-the-freshest-loaf">Breaking the Bread Code: How to Get the Freshest Loaf</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-wonderful-uses-for-witch-hazel">15 Wonderful Uses for Witch Hazel</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/14-effective-grease-and-oil-stain-removal-tips">14 Effective Grease and Oil Stain Removal Tips</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> General Tips auto accident auto insurance Fri, 21 Mar 2014 10:24:43 +0000 Megan Brame 1131542 at http://www.wisebread.com What to Do (and Not Do) When You're in a Car Accident http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/what-to-do-and-not-do-when-youre-in-a-car-accident" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/car-emergency-4796220-small.jpg" alt="car accident" title="car accident" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>If you've ever been in a car accident, chances are that taking photos of the accident scene and remembering to get the other driver's insurance information weren't your first thoughts. (See also: <a target="_blank" href="http://www.wisebread.com/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs">Financial IQ Test: Do You Have the Best Auto Insurance Coverage for Your Needs?</a>)</p> <p>Making sure you, your passengers, and anyone else involved in the accident are safe, and that medical help is on the way, should be the first step. But once things have calmed down and you have a few minutes to gather your thoughts, there are some things you shouldn't do, and a few you should, right after a car accident.</p> <h2>What You Shouldn't Do</h2> <p>It's hard to think straight after a trauma like an auto accident, but these mistakes can hurt you later, even if you follow all of the &quot;shoulds&quot; outlined below.</p> <p><strong>Talk Too Much</strong></p> <p>Police, insurance investigators, and the other driver may want to talk to you to find out what happened. If it's a minor fender-bender that you're at fault for, cooperating with police is a good idea. But if it's a criminal or negligent act, such as running a stop light, you may want to first talk to a lawyer after providing basic information such as proof of insurance, driver's license, and car registration to police.</p> <p>Talking to someone other than your attorney&nbsp;&mdash; including your own insurance company&nbsp;&mdash; after a car accident can hurt because your statement can be obtained by the other side's insurance company and <a target="_blank" href="http://www.onlineautoinsurance.org/6-things-not-to-say-to-your-insurer-or-a-cop-after-an-accident/">used against you</a>. Something as simple as an apology after the accident can be taken as an admission of guilt and liability.</p> <p><strong>Share Too Much Personal Info</strong></p> <p>It may be instinctive to give your home address and telephone number to the other driver involved in the crash, but you don't have to. To avoid having your personal information stolen, the National Association of Insurance Commissioners <a target="_blank" href="http://www.naic.org/Releases/2012_docs/wreckcheck_mobile_app_auto_accidents.htm">recommends not sharing personal information</a> such as a driver's license number. Since many retailers use that information to verify identity over the phone, it's best to only give your name and vehicle insurance information to the other driver.</p> <p><strong>Fail to Call the Police</strong></p> <p>Close to 20% of people believe the only reason to call police after an accident is if someone is injured, according to the NAIC, which has a free smartphone app called <a target="_blank" href="https://itunes.apple.com/us/app/wreckcheck/id543290503?mt=8">WreckCheck</a> to walk users through creating an accident report. Filing a police report, however, can help facilitate the insurance claims process, the NAIC says.</p> <h2>What You Should Do</h2> <p>While you're avoiding saying too much or giving up too much information, you should also be aware of safety and gathering information you will need later.</p> <p><strong>Get Off the Road</strong></p> <p>Get to safety as soon as you can. If it's a minor fender-bender, move your car safely off the road and out of traffic. If you can't move your car without creating more damage, don't try &mdash; leave it to a tow truck. State Farm <a target="_blank" href="http://www.statefarm.com/insurance/claim-center/auto/what-to-do-after-an-auto-accident.asp">recommends keeping flares or other warning devices</a> in your trunk to alert traffic of your emergency.</p> <p><strong>Take Photos</strong></p> <p>If you have your cellphone with you, videotape or photograph the accident scene, so that your insurer can see where it happened and get an idea of how it might have happened. You don't want to get in the way of police, and you should only do this if you, any of your passengers, and people in the other car (if one is involved) are safe. There are lots of <a target="_blank" href="http://news.consumerreports.org/cars/2012/07/android-iphone-smart-phone-apps-that-can-help-after-a-car-crash.html">auto insurance smartphone apps</a> that include accident reporting tools to help you collect photos, audio recordings, and other information so you can more easily file a claim with your insurer.</p> <p><strong>Take Notes</strong></p> <p>You should draw a map of what happened for your insurer, and write down how you remember the accident, along with weather and traffic conditions, <a target="_blank" href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">property and vehicle damage</a>, and injuries to you or others. If there are witnesses nearby, get their names and phone numbers. And of course, get the name and insurance information from any driver whose car was in the accident. If your insurer doesn't provide you with an accident form to keep in your car, <a target="_blank" href="http://www.insureuonline.org/auto_accident_checklist.pdf">print one out from insureuonline.org</a> (PDF) and fill it out if possible at the accident scene.</p> <p><strong>Tell the DMV</strong></p> <p>Most states require drivers to report accidents to the DMV, so be sure to do that within a day or so of the accident.</p> <p><strong>Keep Your Documents Handy</strong></p> <p>If you've kept your proof of auto insurance forms that most insurers mail to policyholders in your glovebox, then a lot of this should be easy, and you'll have your insurer's phone number handy to call as soon as possible. Some states allow <a target="_blank" href="http://www.pciaa.net/web/sitehome.nsf/lcpublic/926?opendocument">electronic proof of insurance</a> on a cellphone.</p> <p>You'll probably get a visit from an insurance claims adjustor soon after the accident, which won't be as traumatizing as the accident, but will make life a lot more interesting as you try to recreate the accident and explain what happened. It'll be a lot easier if you've followed the advice above.</p> <p><strong>File Your Claim</strong></p> <p>Now that you're safe and have exchanged information, file an insurance claim with your carrier. Your insurer should be available 24 hours a day, seven days a week, so don't delay in making the call.</p> <p>If you can do all of this after an accident, you should congratulate yourself on <a target="_blank" href="http://www.wisebread.com/6-items-you-might-have-forgot-in-your-emergency-kit">being prepared and getting through a traumatic experience</a>.</p> <p><em>Have you ever been in an auto accident? What do you wish you had done, or hadn't done, afterward?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/aaron-crowe">Aaron Crowe</a> of <a href="http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-steps-you-must-take-if-youve-been-in-a-car-accident">10 Steps You Must Take If You&#039;ve Been in a Car Accident</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs">Financial IQ Test: Do You Have the Best Auto Insurance Coverage for Your Needs?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance auto insurance car accident emergency safety Wed, 24 Jul 2013 10:36:30 +0000 Aaron Crowe 980560 at http://www.wisebread.com Best Money Tips: Auto Insurance Discounts You May Be Missing http://www.wisebread.com/best-money-tips-auto-insurance-discounts-you-may-be-missing <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-auto-insurance-discounts-you-may-be-missing" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/7765941456_161d00a11c_z-1.jpg" alt="Auto Insurance Discounts You May Be Missing" title="Auto Insurance Discounts You May Be Missing" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on auto insurance discounts you may be missing, date night on a budget, and creating a more flexible work environment.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.doughroller.net/insurance/15-auto-insurance-discounts-you-may-be-missing/">15 Auto Insurance Discounts You May Be Missing</a> &mdash; You may be missing out on airbag discounts or pay-in-full discounts on your auto insurance, [The Dough Roller]</p> <p><a href="http://howsmarriedlife.net/date-night-on-a-budget">Date Night on a Budget</a> &mdash; Have a fun date night without breaking the bank by watching a movie outside. [How's Married Life?]</p> <p><a href="http://cashmoneylife.com/can-you-create-a-more-flexible-work-environment/">Can You Create a More Flexible Work Environment?</a> &mdash; Ask your boss if there are any flexible leave policies available to you. [Cash Money Life]<a id="fck_paste_padding"></a></p> <p><a href="http://www.freemoneyfinance.com/2012/08/stuff-all-over-the-place.html">&quot;Stuff&quot; All Over the Place</a> &mdash; Having a lot of &quot;stuff&quot; increases your stress levels and doesn't make you very happy. [Free Money Finance]</p> <p><a href="http://www.joetaxpayer.com/5-ways-you-can-spend-money-to-save-money/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+Joetaxpayer+%28JoeTaxpayer%29">5 Ways You Can Spend Money To Save Money</a> &mdash; Spending a little more money on a tankless water heater can save you money in the long run. [JoeTaxpayer]</p> <h2>Other Essential Reading</h2> <p><a href="http://ptmoney.com/best-degrees-to-get-that-promise-job-security/">Looking for Job Security? Here Are the 5 Best Degrees to Get</a> &mdash; If you want job security, consider getting a degree in occupational therapy. [PT Money]</p> <p><a href="http://www.savvysugar.com/How-College-Students-Can-Stay-Safe-5859560">Stay Safe On Campus With These 5 Things</a> &mdash; Keep yourself safe on campus by investing in a personal steel dorm safe. [SavvySugar]</p> <p><a href="http://www.thesimpledollar.com/2012/08/28/our-enemy-is-resistance-and-we-shall-defeat-it/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+thesimpledollar+%28The+Simple+Dollar%29">Our Enemy Is Resistance, and We Shall Defeat It</a> &mdash; Don't let resistance defeat you. Instead, forge a new path of least resistance. [The Simple Dollar]</p> <p><a href="http://parentingsquad.com/8-steps-to-survive-living-apart-from-family">8 Steps to Survive Living Apart From Family</a> &mdash; To make living apart from family a little more tolerable, build a support system. [Parenting Squad]</p> <p><a href="http://www.thefrugaltoad.com/personalfinance/5-ways-businesses-can-reduce-energy-consumption">5 Ways Businesses Can Reduce Energy Consumption</a> &mdash; Businesses can reduce their energy consumption by offering work from home opportunities whenever possible. [The Frugal Toad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-auto-insurance-discounts-you-may-be-missing">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-used-car-salesman-reveals-dirty-tricks-and-how-to-beat-them">A Used Car Salesman Reveals Dirty Tricks (and How to Beat Them)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-your-new-tires-really-6-year-old-ticking-time-bombs">Are your new tires really 6-year old ticking time-bombs?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-steps-you-must-take-if-youve-been-in-a-car-accident">10 Steps You Must Take If You&#039;ve Been in a Car Accident</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation auto insurance automobiles best money tips Cars discounts insurance Wed, 29 Aug 2012 10:00:42 +0000 Ashley Jacobs 952435 at http://www.wisebread.com Best Money Tips: Cut Auto Insurance Premiums in Half http://www.wisebread.com/best-money-tips-cut-auto-insurance-premiums-in-half <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-cut-auto-insurance-premiums-in-half" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/3075975592_1fbe76daf0_z-1.jpg" alt="Cut Auto Insurance Premiums in Half" title="Cut Auto Insurance Premiums in Half" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on how to cut auto insurance premiums in half, saving money while getting fit, and reasons you should have a side business.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.thedigeratilife.com/blog/lower-car-insurance-rates-auto-insurance-premiums/">Lower Your Car Insurance Rates! How To Cut Auto Insurance Premiums In Half</a> &mdash; Get lower car insurance rates by having good credit. [The Digerati Life]</p> <p><a href="http://www.freemoneyfinance.com/2012/03/how-to-save-money-while-getting-fit.html">How to Save Money While Getting Fit</a> &mdash; Get fit without breaking the bank by heading to a local park and going for a jog. [Free Money Finance]</p> <p><a href="http://www.thousandaire.com/blog/10-reasons-you-should-have-a-side-business/">10 Reasons You Should Have a Side Business</a> &mdash; Having a side business diversifies your income and helps you learn new skills that will make you more valuable. [Thousandaire]</p> <p><a href="http://www.savvysugar.com/Items-Keep-Office-15196610">9 Items a Forgetful Person Must Keep in the Office</a> &mdash; If you tend to be a forgetful person, have a small whiteboard and whatever chargers you need on hand at your office. [SavvySugar]</p> <p><a href="http://www.creditsesame.com/blog/benefits-of-higher-gas-prices-and-tips-to-save-at-the-pump/">Unexpected Benefits of Higher Gas Prices and Tips to Save at the Pump</a> &mdash; Save money on gas by turning your car off if you are going to be idling for more than 30 seconds. [Credit Sesame]</p> <h2>Other Essential Reading</h2> <p><a href="http://onecentatatime.com/51-diy-tips-for-home-maintenance/">51 DIY Tips for Home Maintenance</a> &mdash; It is simple to fix a leaky faucet on your own. Just replace the washer! [One Cent at a Time]</p> <p><a href="http://www.lifespy.com/2012/ways-to-invest-your-savings/">Ways to Invest Your Savings</a> &mdash; Invest your savings by getting insurance and retirement funds. [LifeSpy]</p> <p><a href="http://parentingsquad.com/online-videos-help-special-needs-families-connect">Online Videos Help Special Needs Families Connect</a> &mdash; If you have a special needs child, check out Rock CF or My Autism My Voice. [Parenting Squad]<a href="http://kiplinger.com/slideshow/cheapest-cars-to-own-2012/1.html"><br /> </a></p> <p><a href="http://kiplinger.com/slideshow/cheapest-cars-to-own-2012/1.html">10 Cheapest Cars to Own</a> &mdash; The Ford Fiesta 4dr and Kia Rio LX 4dr are among the cheapest cars to own. [Kiplinger]</p> <p><a href="http://www.lifeoptimizer.org/2012/03/16/ways-to-train-your-taste-buds-and-eat-healthier/">5 Ways to Train your Taste Buds and Eat Healthier</a> &mdash; Train your taste buds and eat healthier by not overcooking your food. [Life Optimizer]</p> <h2>News &amp; Events</h2> <p><a href="http://www.wisebread.com/top-100-most-popular-personal-finance-blogs/news/2012/03/best-of-money-carnival-147-hosted-by-yes-i-am-cheap">Best of Money Carnival #147: Hosted by Yes, I Am Cheap</a> &mdash; The Best of Money Carnival features the ten best money-related posts of the past two weeks.</p> <p>Be sure to check out our <a href="http://www.wisebread.com/top-100-most-popular-personal-finance-blogs/news">News &amp; Events Calendar</a> to see all the awesome upcoming events in the personal finance world!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-cut-auto-insurance-premiums-in-half">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-times-when-its-okay-to-drop-insurance">6 Times When It&#039;s Okay to Drop Insurance</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-is-what-that-ticket-you-got-will-do-to-your-car-insurance-rate">This Is What That Ticket You Got Will Do to Your Car Insurance Rate</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Insurance auto insurance best money tips premiums Mon, 19 Mar 2012 10:00:12 +0000 Ashley Jacobs 911576 at http://www.wisebread.com How to Get Cheap Auto Insurance for Young Drivers http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-get-cheap-auto-insurance-for-young-drivers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/young_driver.jpg" alt="Young boy driving a car" title="Young boy driving a car" class="imagecache imagecache-250w" width="250" height="142" /></a> </div> </div> </div> <p>Students, teenagers, and first-time drivers typically pay a premium price for <a href="http://www.wisebread.com/auto-insurance">auto insurance</a> because car insurance companies put these drivers under the &ldquo;high risk&rdquo; category. Shopping around for the best price usually isn&rsquo;t enough to get the lowest rates. Young, inexperienced drivers need to prove that they are responsible and won&rsquo;t be prone to serious accidents and injuries when they&rsquo;re on the road. While it may take some time to negotiate the best rates with the car insurance provider, it is possible for young drivers to reduce their insurance premiums.</p> <p>Here are some tips for getting cheap auto insurance for young drivers.</p> <h3>Choose the Right Car</h3> <p>Economy cars and even newer cars are deemed &ldquo;safer&rdquo; in the eyes of the insurance company than luxury cars and flashy sports cars. If the student is in the market for a car, do some research to find out what average insurance rates are for that particular make and model. You&rsquo;ll be surprised how much this amount varies by car manufacturer. A younger driver insuring a Honda Civic will be paying much less than one insuring a BMW Z3. (See also: <a href="http://www.wisebread.com/drive-the-old-car-or-buy-a-new-car">Drive the Old Car or Buy a New Car?</a>)</p> <h3>Share the Report Card</h3> <p>Some insurance companies extend a &ldquo;good student&rdquo; discount to high school and even college students. These drivers need to provide a copy of their report card and make sure the insurance company stays updated on their latest GPA. Above-average and honors students can get some of the best rates available, because the insurance company feels that these drivers are being responsible with their academic life and therefore may be more responsible on the road as well. A &ldquo;good student&rdquo; usually needs to maintain at least a B average to qualify for this discount.</p> <h3>Buy Only Necessary Coverage</h3> <p>As long as the student isn&rsquo;t driving a brand new car, a financed vehicle, or a car purchased with a loan, they don&rsquo;t <i>have</i> to get comprehensive and collision insurance coverage. Find out what the basic state insurance coverage requirements are and choose a plan that meets the student&rsquo;s basic needs. For example, electing for only liability insurance when the student only uses the car to drive to and from school may be a wise financial decision.</p> <h3>Inform the Insurance Carrier About All Safety Features</h3> <p>If the car has advanced locking systems, anti-theft devices, or aftermarket safety features that make the vehicle less likely to be stolen or vandalized, make sure the insurance company knows about them. Most insurance providers do offer a safety discount because they feel that the car will be less likely to be <a href="http://www.wisebread.com/disguise-your-stuff-to-prevent-car-break-ins">broken into</a> or stolen &mdash; which, in turn, means a lower likelihood of a claim.</p> <h3>Take a Driver Safety Course</h3> <p>Driver safety courses, or remedial courses, are often court-ordered when a driver is close to losing his or her license or has several traffic tickets. Younger drivers who are trying to build up a good driving history can also take these courses. Just make sure the insurance company has a copy of the certificate or a signed letter stating the driver has successfully completed the course. Plus, training programs improve a driver&rsquo;s skills overall, so parents can have more confidence that their teens or <a href="http://www.wisebread.com/college/college-resources">college students</a> are safer on the road.</p> <h3>Ask About Family Discounts</h3> <p>If the teenager or even college student is still living with his or her parents, you may be able to get their insurance through a family policy. Most insurance companies offer family packages that insure multiple drivers under a single policy. The younger driver&rsquo;s rate may end up being much lower through this type of insurance plan.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sabah-karimi">Sabah Karimi</a> of <a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs">Financial IQ Test: Do You Have the Best Auto Insurance Coverage for Your Needs?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident">What to Do (and Not Do) When You&#039;re in a Car Accident</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance auto insurance young adults Thu, 24 Nov 2011 11:37:02 +0000 Sabah Karimi 797034 at http://www.wisebread.com 10 Financial Perks of Marriage http://www.wisebread.com/10-financial-perks-of-marriage <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-financial-perks-of-marriage" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/99127128_7059dacbf5_z.jpg" alt="wedding" title="wedding" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Have you heard the stories about how finances are one of the leading causes of divorce? What exactly are people arguing about? Being married actually has some pretty good financial perks!</p> <p>I don't mean to downplay the financial challenges of married life. We've had our share of heated discussions over money; but there are some definite benefits to pooling together your resources in marriage. Here are ten ways that you and your spouse are hooking each other up. (See also: <a href="http://www.wisebread.com/8-tips-for-planning-a-last-minute-wedding" title="8 Tips for Planning a Last-Minute Wedding">8 Tips for Planning a Last-Minute Wedding</a>)</p> <h3>1. Employer benefit options</h3> <p>If you're both working, you have access to each other's employee benefit plans. You can mix and match between the two to pick the best fit for your family. If one spouse loses their job, they can fall back on the other's benefits. If only one spouse is working, then the obvious benefit is that the non-working spouse has access to benefits.</p> <h3>2. Multi-car auto insurance discount</h3> <p>As a married couple, you have the added benefit of being able to add multiple cars to one insurance policy. This multi-car discount can help you <a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">save money on car insurance</a>.</p> <h3>3. One rent/mortgage payment</h3> <p>For those who live separately before getting married, the notion of combining homes or apartments is one of the best financial perks of marriage. By consolidating to a single mortgage or rent payment you can save hundreds of dollars each month.</p> <h3>4. One utility bill</h3> <p>Similar to making only one rent or mortgage payment, married couples enjoy the added advantage of having to only make a single payment for their utility bill. When you take away a whole set of water, gas, electric, and trash bills you'll definitely save money each month.</p> <h3>5. One insurance bill</h3> <p>See a pattern here? Consolidating to one set of bills can really make a difference. Not only are you getting rid of an insurance bill, now you're covering all the same stuff with only one deductible instead of two.</p> <h3>6. One set of furniture/appliances</h3> <p>When married couples move in together, they often downsize their furniture and appliances to only one set. Not only does this mean less to take care of and maintain, you can also make decent money by selling your furniture and appliances.</p> <h3>7. Fewer property taxes</h3> <p>This one only applies if you owned a house or apartment before getting married. Since marriage usually means moving in together, you only have to pay property taxes on a single property instead of two.</p> <h3>8. One tax return</h3> <p>Filing your taxes can cost a chunk of change if you hire an accountant. If you file jointly, suddenly you have one tax prep bill instead of two. It won't save you as much if you're just using tax prep software, but it still saves you at least an e-file.</p> <h3>9. More valuable rewards points</h3> <p>If you use a rewards credit card with a tiered reward structure, having both spouses using the same account can boost you into the higher tier of rewards more quickly. For example, we share a credit card where the higher tier means 5% cash back instead of 1% &mdash; a big difference.&nbsp;</p> <h3>10. Spending accountability</h3> <p>While everyone likes to splurge on purchases every once in a while, doing so too often can put a big dent in your bank account. If you know your spouse is going to see a big charge on your card or debit from your bank account you may be less likely to spend money on something you don't really need.</p> <p>It's not just the fear of being quizzed by your spouse about a big bill that keeps you honest with your money. Having to share the same financial resources means you're more likely to discuss spending ahead of time and make shared decisions. That other voice of reason can sometimes help save you from bad money choices.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ben-edwards">Ben Edwards</a> of <a href="http://www.wisebread.com/10-financial-perks-of-marriage">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-money-saving-tricks-to-know-before-buying-an-engagement-ring">12 Money-Saving Tricks to Know Before Buying an Engagement Ring</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-a-divorce-improve-your-finances">Could a Divorce Improve Your Finances?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-stop-your-spouse-from-overspending">4 Ways to Stop Your Spouse From Overspending</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-difficult-conversations-you-have-to-have-with-your-spouse">5 Difficult Conversations You Have to Have With Your Spouse</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Family auto insurance marriage rewards points taxes Thu, 07 Oct 2010 14:00:06 +0000 Ben Edwards 256528 at http://www.wisebread.com Financial IQ Test: Do You Have the Best Auto Insurance Coverage for Your Needs? http://www.wisebread.com/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/car_in_surf.jpg" alt="Car in the ocean" title="Car in the ocean" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>How well do you know your <a href="http://www.wisebread.com/auto-insurance">auto insurance coverage</a>? Have you read &mdash; and do you understand &mdash; all the fine print? Is it structured it properly? Have you researched and comparison shopped for your ideal policy? And are you sure you&rsquo;re getting all the discounts available to you?</p> <p>Following is a Financial IQ Test to help you determine if you have the best auto insurance coverage for your needs. <strong>Simply look at each statement, and answer it with a YES, NO, or NOT SURE.</strong> Keep track of your answers, and we'll see how you score at the end. Then, check out the resource articles below to increase your knowledge base.</p> <h3>Researching and Applying</h3> <ol> <li>I understand how my credit rating can affect my insurance premiums.</li> <li>Before I buy a car, I <a href="http://www.wisebread.com/auto-insurance-rates">shop around for insurance rates</a> to ensure I can afford it.</li> <li>I understand how telecommuting can reduce my insurance rates dramatically.</li> <li>I&rsquo;ve weighed out the option of participating in a <a href="http://www.wisebread.com/car-sharing-why-own-when-you-can-just-share">car sharing</a> program instead, since insurance is included.</li> <li>I shop around for my insurance, and take the time to ensure I&rsquo;m comparing apples to apples with each quote.</li> <li>I&rsquo;m honest about my mileage in the application &mdash; if it&rsquo;s higher than actual mileage driven I&rsquo;ll pay more than I need to, and if it&rsquo;s lower than mileage driven I could get into trouble if I make a claim.</li> <li>I know what the exclusions are on my policy, and have agreed to them.</li> <li>I use an insurance broker who can help me comparison shop.</li> <li>I&rsquo;ve looked into group insurance options through my employer or industry association.</li> </ol> <h3>Policy Structure</h3> <ol> <li>I&rsquo;ve selected the highest deductible I can afford to reduce my premiums.</li> <li>I know the book value of my car, and pay only for collision insurance if I can&rsquo;t cover it myself.</li> <li>I only insure regular drivers on the car.</li> <li>If I have good <a href="http://www.wisebread.com/financial-iq-test-how-healthy-is-your-health-care-plan">health insurance coverage</a>, I lower the medical payments portion of my auto insurance policy.</li> <li>If the annual premium is 10% (or more) of the book value of my car, I drop the collision coverage.</li> </ol> <h3>Saving Money</h3> <ol> <li>I&rsquo;m aware of the discounts applicable to me, and I&rsquo;ve asked my insurance company to apply them.</li> <li>I&rsquo;ve compared monthly to annual rates, and selected the cheapest option.</li> <li>I&rsquo;ve combined my auto and home-owner&rsquo;s/renter&rsquo;s insurance policies with the same company for additional discounts.</li> <li>I ask about &mdash; and ensure I&rsquo;m getting &mdash; a no-claims discount (if I&rsquo;m accident free).</li> <li>I&rsquo;ve asked about other ways I can reduce my premiums (such as having an alarm or immobilizer).</li> <li>I negotiate my auto insurance rates with my insurer.</li> <li>At renewal, I shop around for new quotes. If I find a better deal, I call my insurance company to see if they will match it.</li> </ol> <h3>Policy Maintenance and Making Claims</h3> <ol> <li>Every few years I calculate the deductible, book value, potential payout, and premiums, and I adjust the policy to minimize my expenses and maximize my available protection.</li> <li>When my car is fully paid off, I let the insurance company know so we can adjust the coverage and lower my rates.</li> <li>I call my insurer before making any modifications to the vehicle.</li> <li>After an accident, I get the other driver&rsquo;s details; including name, address, license, registration, insurance company name, and insurance policy number.</li> <li>I don&rsquo;t file small claims with my insurance company, as it&rsquo;s too detrimental to my record and no-claims discounts.</li> <li>I keep detailed records of phone calls and copies of all correspondence and receipts in making a claim.</li> <li>I keep proof of insurance with me all the time (for example, in my wallet).</li> </ol> <h2>Scoring</h2> <p>Did you keep track of how many times you answered YES, NO, and NOT SURE? Great! Give yourself the following points for each answer:</p> <p><strong>YES = 4 points</strong></p> <p><strong>NO = 0 points</strong></p> <p><strong>NOT SURE = 2 points</strong></p> <h2>Analysis</h2> <h3>Score 0-44: Start Researching and Reading Your Policy!</h3> <p>Chances are you&rsquo;re paying more than you need to for auto insurance, or you don&rsquo;t have the coverage you need and could end up in a jam if you make a claim. Pull out your policy, read the fine print, and research any terms you don&rsquo;t understand. To make the task less painful, consider using an insurance broker for relatively unbiased advice and the ability to educate you on various terms.</p> <h3>Score 45-88: The Devil is in the Details</h3> <p>You&rsquo;re part way there in that you&rsquo;ve covered off some of your bases and are maximizing value in some areas. But the devil is in the details &mdash; make sure you know exactly what coverage you have now, and not when the time comes to make a claim. Don&rsquo;t be afraid to ask how you can save money and what discounts are available to you. Go over your policy with a fine tooth comb, and make sure you understand every word &mdash; one word in the policy can quite literally make a world of difference.</p> <h3>Score 89-112: Top Dollar</h3> <p>You&rsquo;re doing a great job of researching the industry, structuring the policy in a way that suits you, and making sure you are saving money in the meantime. Take a look at any questions you said &ldquo;no&rdquo; or &ldquo;not sure&rdquo; to, and make sure you incorporate those strategies into the fold, as you may be able to save even more money and/or adjust the policy to suit your needs.</p> <h2>Wise Bread Resources on Auto Insurance</h2> <p><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></p> <p><a href="http://www.wisebread.com/save-money-on-insurance">Save Money on Insurance</a></p> <p><a href="http://www.wisebread.com/are-you-a-telecommuter-paying-commuter-rates-for-auto-insurance">Are You a Telecommuter Paying Commuter Rates for Auto Insurance?</a></p> <p><a href="http://www.wisebread.com/when-to-drop-collision-coverage-on-your-car">When to Drop Collision Coverage on Your Car</a></p> <p><a href="http://www.wisebread.com/car-sharing-why-own-when-you-can-just-share">Car Sharing: Why Own When you can Just Share?</a></p> <h3>Other Financial IQ Tests on Wise Bread:</h3> <p><a href="http://www.wisebread.com/financial-iq-test-how-healthy-is-your-debt-management">Financial IQ Test: How Healthy is your Debt Management?</a></p> <p><a href="http://www.wisebread.com/financial-iq-test-how-healthy-are-your-bank-accounts">Financial IQ Test: How Healthy are your Bank Accounts?</a></p> <p><a href="http://www.wisebread.com/financial-iq-test-how-healthy-is-your-budget">Financial IQ Test: How Healthy is your Budget?</a></p> <p><a href="http://www.wisebread.com/financial-iq-test-how-healthy-is-your-health-care-plan">Financial IQ Test: How Healthy is your Health Care Plan?</a></p> <p><a href="http://www.wisebread.com/financial-iq-test-how-healthy-is-your-disability-insurance">Financial IQ TEST: How Healthy is your Disability Insurance?</a></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/nora-dunn">Nora Dunn</a> of <a href="http://www.wisebread.com/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-9"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident">What to Do (and Not Do) When You&#039;re in a Car Accident</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance auto insurance financial IQ Test Fri, 14 May 2010 12:00:15 +0000 Nora Dunn 78351 at http://www.wisebread.com Auto Insurance http://www.wisebread.com/auto-insurance <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/auto-insurance" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/crash%20car.jpg" alt="crash car" title="crash car" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>Auto insurance is meant to cover the expenses that can go along with a car accident. But it's not just something that's nice to have. In many states it's required by law. That makes it especially important to get the best car insurance rates. There are a lot of factors that go into determining just how much you'll pay to insure your car, from your age to the zip code you live in, but there are ways to get the best possible price.</p> <h3>Car Insurance Options</h3> <p>Just what kind of car insurance is available to you can vary from state to state. In general, though, there are seven different types of car insurance that you should consider:</p> <p><strong>1. Liability insurance</strong><br /> In the event that you are at fault for an accident, liability insurance will cover the cost of the injuries and property damaged caused by the crash, with the exception of your injuries (and those of other people on your policy) and the damage to your vehicle. In general, it's best to go beyond state minimum requirements because you are personally liable for claims that exceed your auto insurance's coverage.</p> <p><strong>2. Collision insurance</strong><br /> With a collision insurance policy, your insurer will cover repairs to your car in the event of an accident. If your car is totaled, your insurer will pay you the value of your car before the crash &mdash; not what it was worth new. Many insurers do offer you the option to add coverage so that you would receive an amount closer to the price of a new car, but you will be required to pay extra.</p> <p><strong>3. Comprehensive insurance</strong><br /> Collisions aren't the only thing that can happen to your car. Theft, animal collisions and other damage can be costly. A comprehensive insurance policy covers such situations.</p> <p><strong>4. Uninsured / underinsured motorist protection</strong><br /> If the other driver in an accident has no insurance (or not enough to cover your medical expenses and vehicle damage), an uninsured motorist policy will cover at least the injuries to anyone riding in your car. In some states, it may also cover property damage.</p> <p><strong>5. Medical / personal-injury protection</strong><br /> As long as you have good <a href="http://www.wisebread.com/insurance/health-insurance"><span>health insurance</span></a>, you may not need medical or personal-injury protection. However, such a policy can provide coverage for you and your passengers, no matter who is at fault for an accident.</p> <p><strong>6. No-fault insurance</strong><br /> Currently available in 12 states, no-fault insurance covers injuries and property damage no matter who is determined to be at fault.</p> <p><strong>7. Gap insurance</strong><br /> If you owe money on your car, especially if you owe more than the car is worth, gap insurance allows you to pay off the car in the event that it is totaled.</p> <p>It's important to be very familiar with your financial situation before you sit down to get auto insurance quotes. Depending on your financial situation, you may need certain types of insurance more than others. For instance, if you could easily replace your car if it was totaled, you may not need collision or comprehensive insurance, bringing your costs down. You should also have an idea of what sort of deductibles you can afford out of pocket. If you can't afford the deductible, having insurance doesn't help you as much as it should.</p> <h3>Finding Car Insurance</h3> <p>It's important to <a href="http://www.wisebread.com/auto-insurance-rates">shop around</a> when looking for car insurance, because your rates can differ dramatically between companies. But you don't necessarily want to pick the insurance company with the lowest rates. Check into the record of any company you're considering purchasing car insurance from. You can learn about a company's consumer record through the <a href="http://www.consumeraction.gov/insurance.shtml">Consumer Action Handbook</a> from the U.S. government. In particular, you need to know about your insurance company's history of claims, because many of the cheapest auto insurance providers keep their rates low by making the process for filing a claim virtually impossible.</p> <p>Many car insurance companies offer a variety of special discounts. Whether you're dealing with an insurance agent or directly with the company, make sure to ask about what discounts are available. From rewarding good driving records to good grades (for drivers still in school), discounts can make a big difference in the rates you pay.</p> <h3>Keeping Your Insurance Rates Down</h3> <p>Your auto insurance rate isn't based solely on your driving record, no matter how good a driver you are. In order to keep your rates at a reasonable level, there are several steps you should take. One of the most important is to keep your <a href="http://www.wisebread.com/debt/credit-scores">credit score</a> up. Insurance companies use your score to set your premiums and doing something that hurts your credit score, like failing to pay all of your bills on time, will increase your premium.</p> <p>You should also take insurance into account when purchasing a new car. Certain cars, such as sports cars, are more expensive to insure &mdash; as are those with high-tech features. While the cars that are the least expensive to insure may not catch as many eyes on the street, they are often among the safest cars available.</p> <p>You will find that major life events, such as marriage or having a child, can have a positive effect on your insurance premiums. Combining policies with your spouse will often make you eligible for a discount. Adding a teenage driver to your policy, however, can increase your premium up to 20%. It is often cheaper to buy an old car and list your child as the driver rather than listing your child as a driver on your car.</p> <p>In the event of an accident, it's important to inform your insurer right away. It's worth noting that telling your insurer is not the same as filing a claim; it may be more cost effective not to file a claim, depending on the specific situation. However, keeping your insurance company in the loop will protect you in the event of injuries that are not apparent at the time of the collision. It's important to read the details of your policy, preferably before you have to make a claim. How an auto insurance company handles a claim can differ significantly between states and even between policies.</p> <p><a href="http://www.wisebread.com/auto-insurance-rates">Click here to view the current auto insurance rates in your state.</a></p> <p>&nbsp;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/thursday-bram">Thursday Bram</a> of <a href="http://www.wisebread.com/auto-insurance">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-10"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">4 Tips to Save on Car Insurance</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/financial-iq-test-do-you-have-the-best-auto-insurance-coverage-for-your-needs">Financial IQ Test: Do You Have the Best Auto Insurance Coverage for Your Needs?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-and-not-do-when-youre-in-a-car-accident">What to Do (and Not Do) When You&#039;re in a Car Accident</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance auto insurance Fri, 09 Apr 2010 04:28:18 +0000 Thursday Bram 10390 at http://www.wisebread.com 4 Tips to Save on Car Insurance http://www.wisebread.com/4-tips-to-save-on-car-insurance <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-tips-to-save-on-car-insurance" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/3511128690_40182f6deb.jpg" alt="Car Crash" title="Car Crash" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>Auto insurance is one of those pesky, nagging things, almost like a tiny leech. It sucks money away and we're not even always aware of it, at least until we have to write another check. The bad news is, car insurance isn't avoidable. Most states have minimal amounts that you're required to carry in order to drive legally. But the good news is that there are some easy ways to save money on your car insurance.</p> <h2>Compare Rates</h2> <p>Before your current policy is up for renewal, <a href="http://www.wisebread.com/auto-insurance-rates">get some quotes from different insurance companies</a>. Many people find that they can save up to $500 each year on insurance by going with a different company.</p> <p>While there are websites that will give you quotes from several different companies, it's always a good idea to contact the companies you're interested in working with directly. Sometimes, they can offer you savings that you won't find if you go through the other brokers. The best plan is to get quotes both ways, and go with the one that works best.</p> <p>Before you purchase your insurance, make sure you the company you're going with is nationally known and well-reviewed. It's not worth a price break if you're only going to struggle with the company every time you need something!</p> <h2>Check Your Credit Rating</h2> <p>Counterintuitive though it may seem, insurance companies use your credit rating to determine your rates. Statistics show that people with higher credit ratings file fewer insurance claims. If you've had the same credit accounts for a long time and have paid on them regularly and on time, you're considered a more stable person and a lower risk to the insurance company.</p> <p>If there are mistakes on your credit report, clear them up before you look for new car insurance. If your credit is generally shaky, know that cleaning it up will eventually effect your car insurance.</p> <p>Once you have a clean credit record, approach your insurance company and ask them to reconsider your case. If you still don't like the rates they offer, check around with other companies.</p> <h2>Combine Policies</h2> <p>Many car insurance companies will offer you a 10-20% discount when you combine your auto insurance with a renter's or homeowner's policy from the same company (some will offer the discount on BOTH policies). Occasionally, it's even possible to get both policies for a price that's lower than what you would pay for car insurance without the second policy.</p> <p>Another option that's becoming more and more available is to tie your car insurance to your health insurance. Since healthy, strong bodies are less likely to need extended treatment if you get into a minor accident, staying healthy can keep your rates down if you have one of these policies.</p> <p>Whenever you consider combining policies to save money, make sure that the second policy is something you actually need. Maybe you have an amazing deal on homeowner's insurance through your job, or your health insurance is entirely paid for. Don't get yourself into a worse financial situation just to save a few dollars!</p> <h2>Pursue Your Discounts</h2> <p>Probably the most common way to save money on car insurance is through discounts offered by your insurance company. What most people don't know is that these discounts are not necessarily applied automatically. Most auto insurance companies try to apply them whenever possible, but they don't always have enough information to know that a certain discount should apply to you.</p> <p>Ask your insurance agent regularly about the available discounts, and calculate yourself which ones you should qualify for. Check your policy or talk to the company again to make sure each of these are showing up on your policy. When you get another statement, check again. If the discounts aren't applied, make another phone call.</p> <p>Insurance companies deal with so many people that it's easy for your discounts to get lost in the shuffle. By taking responsibility for them yourself, you'll be able to ensure your savings.</p> <h2>Adding it All Up</h2> <p>When you're thinking about car insurance, remember that every little bit adds up. A 2% discount may not seem like much, but over time it can make a big difference. When every penny counts, that difference is magnified even more.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/4-tips-to-save-on-car-insurance">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-11"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/repair-the-car-or-spend-the-cash">Repair the Car or Spend the Cash?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/auto-insurance">Auto Insurance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-cheap-auto-insurance-for-young-drivers">How to Get Cheap Auto Insurance for Young Drivers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-mistakes-to-avoid-when-shopping-for-car-insurance">6 Mistakes to Avoid When Shopping for Car Insurance</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-mechanical-breakdown-insurance-worth-it">Is Mechanical Breakdown Insurance Worth It?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Cars and Transportation Insurance auto insurance car insurance Fri, 02 Oct 2009 15:00:03 +0000 Sarah Winfrey 3669 at http://www.wisebread.com Save Money on Insurance http://www.wisebread.com/save-money-on-insurance <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/save-money-on-insurance" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/piggy%20bank.JPG" alt="piggy bank" title="Save On Insurance" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p class="MsoPlainText"><span>Most of us have insurance of one sort or another. But if you&#39;re like me, the prospect of a trip to the insurance agent&#39;s office isn&#39;t something that keeps you awake with excitement the night before.</span></p> <p class="MsoPlainText"><span>No, most of us try to get it done as quickly and painlessly as possible, bracing ourselves with suspicion against being over-sold, cross-sold, or otherwise taken for more money than we intended to spend. </span></p> <p class="MsoPlainText"><span> </span></p> <p class="MsoPlainText"><span><em>Where Does All My Money Go</em> has a great tip for saving money on insurance - be it auto, home, life, motorcycle, or health insurance. </span></p> <p class="MsoPlainText"><span><a href="http://www.wheredoesallmymoneygo.com/mainpage/2007/9/6/more-ways-to-save-on-your-auto-insurance.html" target="_blank">The article</a> points to a service called <a href="http://www.kanetix.com/" target="_blank">Kanetix</a>. Just enter in a few details about your needs, and you&#39;ll instantly get a comparison of the top quotes. You&#39;ll find out pretty quickly if you are paying too much for the insurance you have (make sure you&#39;re comparing apples to apples though; best to have the policy page in front of you), and you will also get some good information on the insurance companies themselves. </span></p> <p class="MsoPlainText"><span> </span></p> <p class="MsoPlainText"><span>With regards to auto insurance, <em>Grad Money Matters</em> praises the benefits of shopping around for the best policy. Included in <a href="http://gradmoneymatters.com/2007/09/auto-insurance-discounts.html" target="_blank">the article</a> is a comprehensive list and description of some discounts we might qualify for but that the salesperson might or might not have mentioned:</span></p> <ul> <li> <span>Multi Vehicle discount</span></li> <li><span>Multi Policy discount</span> </li> <li><span>Home Owner discount</span> </li> <li><span>Garaged Car discount</span> </li> <li><span>Defensive Driving Class discount</span> </li> <li><span>Good Student discount</span> </li> <li><span>Safe Car discount</span> </li> <li><span>Safe Driver discount</span> </li> <li><span>Loyal Customer discount</span> </li> <li><span>Low Mileage Driver discount</span> </li> <li><span>Green Car discount</span> </li> <li><span>Military discount</span> </li> <li><span>Online discount</span> </li> </ul> <p><span>And last but not least, (pant, breath)</span></p> <ul> <li><span>Pay Ahead discount</span></li> </ul> <p class="MsoPlainText"><span>We spend so much time shopping around for our vehicles, houses, and what we fill our houses with. Let&#39;s also not forget the relationship we foster with our own bodies, which allow us to function and buy the houses, cars, and stuff as long as we are alive and well. </span></p> <p class="MsoPlainText"><span>So I think it&#39;s a good idea to spend a little time learning about how best to insure too. I&#39;ve always been a believer in insurance - but it&#39;s also possible to have too much or the wrong kind entirely. Hopefully with enough knowledge in hand we can properly insure ourselves and save a few bucks in the process. </span></p> <p class="MsoPlainText"><span> <br />Any tips on shopping for insurance are welcome! Let us know if you have any tricks of your own. </span></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/nora-dunn">Nora Dunn</a> of <a href="http://www.wisebread.com/save-money-on-insurance">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-12"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-mistakes-to-stop-making-by-50">5 Money Mistakes to Stop Making by 50</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-personal-finance-milestones-every-20-and-30-year-old-should-hit">7 Personal Finance Milestones Every 20 and 30 Year Old Should Hit</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-most-money-savvy-rap-stars">The 5 Most Money-Savvy Rap Stars</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-pieces-of-financial-wisdom-from-suze-orman">The 5 Best Pieces of Financial Wisdom From Suze Orman</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/64-funny-inspiring-and-stupid-money-quotes-from-famous-people">64 Funny, Inspiring and Stupid Money Quotes From Famous People</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance auto insurance insurance comparison insurance quotes shopping for insurance Tue, 25 Sep 2007 07:37:17 +0000 Nora Dunn 1205 at http://www.wisebread.com