For Higher Auto Insurance Rates Do This

by Alston Balkcom
1800insuranceCT.com

Failure to report an accident ASAP

Crashes and Speeding

Being convicted of DUI

Buying a new or expensive car for a teenager

Having a Low Deductible for Physical Damage Coverage

Driving without insurance

Failing to report a claim promptly can be expensive. It is extremely important that you report an accident or crash to your insurance carrier promptly. Your contract states that Failure to comply with this requirement and your other requirements after a crash or loss allows the company to deny your claim!

How much time do you have to report an auto insurance claim? The circumstances of the collision and the legal jurisdiction can also impact the answer to this question. However, if you report a crash within 24 hours you should have no problems.

Although you can report a crash long after 24 to 48 hours have transpired and possibly still be covered, why take a chance? The longer you wait, the harder it will be to find witnesses and to find witnesses that remember what happened. The physical evidence of the accident may also be compromised if you wait too long to file your claim.

Having a crash or getting points on your license is a tried and true method for raising your insurance premiums. Your automobile insurance carrier wants to insure safe drivers and will offer lower rates for those who cost them less money in claims and those who are likely to cost them less in claims.

Not only is an accident or crash likely to increase your costs for insurance, it could dramatically reduce the quality of your life if you are hurt seriously. Be a safe driver, pay less and live longer.

A DUI conviction will have a big impact on your car insurance insurance premiums. How long can a conviction for driving while intoxicated affect your insurance rates? As long as 10 years! Although the major impact on your rates will be over in 2 or 3 years, you may not qualify for the best rates for as long as 10 years.

How much does a new teenage driver raise car insurance premiums? A lot, but the rates will be even higher if you get him or her expensive car that requires physical damage coverage. Sporty fast cars aren't such a good idea either.

If you have a teen driver, make sure that he or she takes an approved drivers education course. Most insurance companies will give you a good discount if your child passes such a course.

Physical damage coverage is also known as collision and comprehensive coverage. Collision and comprehensive insurance are optional if your car isn't financed or leased. These are the part of your coverage that pay you for damage to your automobile. Since the absence of these aspects of your policy don't affect payments to others you might get into a crash there are no state mandates regarding them.

If you own your vehicle outright, you can decide to accept the risk that you will need to spend your own money to replace or repair your car and avoid paying for physical damage coverage.

If you don't want to take the entire risk, but want to lower your costs, you can raise your deductible. You can raise your deductible for either the collision section of your policy or the comprehensive section or for both sections. This can go a long way towards lowering your vehicle insurance bills.

Operating a motor vehicle without car insurance can mean that you are forced to have your vehicle insurer file an SR-22 on your behalf. This can mean you pay twice as much as you should.

http://auto.insurancedesk.com/

Article submitted Monday, November 16, 2009 & read 53 times.

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