Shopping for the lowest insurance premium rate just seems to make sense, especially considering the availability of auto insurance quotes through the Internet. While you should compare rates from many different insurers to confirm you`re getting the coverage you need at the best price available to you, be careful when it comes to especially low premiums. Cheap auto insurance premiums may be tempting, but you need to look deeper at what you`re getting.
Your auto insurance won`t do you much good if your policy doesn`t cover what you need it to. Basic liability coverage is required in most states, but more comprehensive coverage, such as collision, fire and vandalism, isn`t required by law. If you want coverage beyond liability, which only covers damage to another person`s car or property, you`ll need more comprehensive coverage. You`ll have to pay more for coverage beyond liability.
High Deductible Costs
If you`re considering taking a higher deductible in return for lower premiums, you need to weight the risks and the benefits. If you elect to pay so much per accident, before the coverage kicks in, you can end up in a costly hole if you`re unlucky enough to have an accident or two.
For example, if your deductible is $1,500 and you have two accidents in a year, you`ll end up shelling out $3,000. If you don`t think you`ll have the cash necessary to cover a higher deductible in the event of an accident, you may need to go with a policy that has a lower deductible but a higher premium.
Poor Customer Service
You need good customer service from your auto insurer. If you have an accident or other emergency and need help, you must be able to contact your insurer quickly and get the support and answers you need. Talk to friends and family members about their experiences with their auto insurers. You can also contact your state`s insurance department to find out how many complaints they`ve received about a particular insurer as compared to how many policies issued. Check forums about insurance as well, as you may find firsthand experiences from people who`ve used an insurer you`re considering.
While there are some legitimate cheap insurers out there, cheap auto insurance scams have also popped up in the last decade, as more people turned to the Internet for coverage. If the rates seem too good to be true, even for basic coverage, or you are having a hard time reaching any live agents, do more research on the insurer. Check with the state insurance department to confirm the insurer is licensed in your state.
You`ll need to determine whether the low cost premiums are worth any extra risks you`ll be taking on your own, such as higher out of pocket costs, before taking out a cheap auto insurance policy. As with many cheap things, a low cost policy can be buyer beware. Always check financial information portals, such as Simply Finance , to get an idea of the going rates in your area for car insurance.
Posted on: January 24th, 2013
If you have ample outdoor space then you can have a carport shed built to protect your car and to keep all your tools used for household use or use it as a study. DIY carport shed plans is one method of creating a shed for your garden or services of a professional can be sought. The DIY shed plans that includes wood is one of the most straightforward things to do which could help in saving a huge sum of money in the process.
Keep In Mind A Few Tips
If the right tips are kept in mind they you can have a carport on your property that can last you for years together. First of all you need to make a proper plan and the blue print for this first shed you are going to make. If the plan is good one then you can easily have a nice looking carport to protect your vehicle
Besides having a place to store the car, tools and accessories, the shed area can be used as dry area for a number of activities. The shed can also be used for keeping excess or unused toys, the snow blower, lawn mower, etc as well. It is for this reason that it is necessary to have a shed that is large enough to accommodate all the things in the shed.
Ensure There Is Adequate Space
If the space is large enough then the things can be stacked on the shelves and racks made inside the shed. When the shed is constructed well then the value of your home also increases. Property value increases with a well planned shed. The internet is the best to access a number of shed plans.
Foundation of the shed needs to be strong enough if you want the shed to last you for years. The place in the yard should be firm ground and leveled well. Shape of the yard should be preferably square. Base of the shed could deteriorate and become unstable if important issues like these are not kept in mind.
Use Materials of High Quality
You can have the slab made in concrete if you want the shed to last you longer. If you are great at the job then this can be done by you or a professional can be hired for it. Wood runners that are treated also make a quick solution of permanent nature. If materials in highest quality are used then you can have one of the best sheds in the vicinity.
Posted on: April 17th, 2012
If you want to own a car, then you also need to know more about vehicle finance. Not everyone has the funds to make an outright purchase. It is for this reason that lenders are here. Loans of different kinds are available and one of them is the auto finance or the vehicle financing.
Avail a Loan with Great Ease
Due to the availability of this loan it gets very easy for people interested in cars to purchase a car of their dreams. This can be done with the greatest ease possible. There is no need to arrange for your own money as such finance can be easily availed nowadays. The application process is very easy and the approval process too does not take too much of time either.
The first and foremost thing is seeking an approval on the car loan, for which a particular down payment will have to be made. Lending companies, depending upon their own terms and conditions will determine the down payment to be made. If your credit status is rather bad, a bigger down payment will have to be made and the interest rate charged will be higher.
Paying Up the Down Payment
If your credit status is bad then you will have to start arranging for a large sum to pay off as down payment. The finance options of two types can be availed, one being the agreements on lease sale and the other being agreement on installment sales. In the case of agreement on installment sale, the owner of the vehicle is the purchaser, private seller or the vehicle dealer. Over a specific time period the payments are made.
Looking for dealers specializing in bad credit car loans . Before you visit the dealer find out what credit score you need for a car loan . There are a lot or errors in credit report, so it is important to get a credit report
Ownership of vehicle can be taken only after payment of the last installment. Variable or fixed interest rate is charged by the lending company. In the case of an agreement on lease sale from the owner, the vehicle can be leased. The option is of purchasing it at the end of the loan agreement. You can make the most of the tax returns and have the convenience of vehicle ownership without owning it outright.
Posted on: April 16th, 2012
Auto insurance for teenagers is more expensive than for the rest of us and with good reason. They do not yet have the experience in driving that we have. But children grow up and the time will come when they will want to start using your car to go to school or to visit friends. The next step will be a car of their own and the inevitable will follow - car insurance for a teenager.
But do not despair - there are ways to lessen the load.
1.By raising the deductible you must pay when you make a claim you are lowering the premium. The higher deductible will prevent you from filing for small claims and as a result your claims-free discount will not be jeopardized. Be sure to have the cash at hand to pay for the higher deductible should the car be involved in an accident.
2. You can consider canceling comprehensive and accident cover entirely, especially if it is an older car and barely worth more than the higher deducible.
3. Get a safe car for your teenager to drive. This will lessen the chances of an accident happening.
4. Many insurers offer discounts to young people who maintain a B average in high school or college. Inspire your children to aim for that privilege.
5. If your child is not living at home, for instance when they are studying at a college away from home and not using your car, let the insurer know. This will mean a reduction in your premiums and the cover will still be in place when they are home on vacation.
6. If you don`t ask, you will not know. Many insurers will consider discounts and cut costs for children who take a special class or read a driver safety book and pass a test. Get the details from your insurer and encourage your kids to do what is required to qualify for the reduction.
7. Combining your auto insurance with your homeowners insurance will reduce the premiums for both classes. Consider also an umbrella policy and get extra discount. An umbrella policy provides liability cover over and above the limits of your auto insurance limits, which is good news when you have a teenager driving.
8. Compare insurers and costs since some of them offer better premiums for young drivers than others. Just adding your teenager to your policy will normally be cheaper than getting them a policy of their own. Even so, the company that insures you will not necessarily have the best rates for young persons.
If you have been with a company for a long time, a relationship of trust develops and they may not raise your rates when your child enters the fray or when they have an accident. If you do, however, find cheaper auto insurance elsewhere, keep in mind that the premium for your homeowners insurance may increase if that is a stand alone policy. Rather raise the liability limits when your child starts driving. You will need the extra cover when they hit another car or worse, when someone gets injured in the process.
Teen auto insurance need not be the nightmare it is often considered to be. As with many other things in life it is often how you manage it that will determine how it will turn out. If you want to use a credit card to pay for auto insurance, use the credit card comparison to find a suitable credit card for you.
Posted on: December 6th, 2011
Many people nowadays can run into financial trouble. Costs have gone up for many items and families are struggling to make ends meet. People can incur bad credit for many reasons. If there are missed utility bills or late rent payments this will all be noted on the FICO scores. Late credit card payments or tardy mortgage repayments will all take their toll on an individual`s credit score. Personal bankruptcies can put a big dent in the credit score but are almost more favorable than a history of missed payments. The reason that declaring bankruptcy can be more favorable for credit scores is because most of the debts will have been discharged as a result.
It is possible for most people to obtain auto loans even with bad credit. There are certain prerequisites that must be met in order to more easily secure a refinancing loan. The borrower must be 18 years or older. If there has been any bankruptcy in the borrower`s history it must have been discharged for at least two years. If there has been a repossession, it must have occurred at least 12 months previously.
The income requirement varies among the different loan companies. There is a general guideline that the combined total of gross family income has to be $1,200 - $1,800 per month to qualify for a loan. Those in the military will often be able to get a loan with a lower wage point. It is important to be up-to-date on current car payments. At least three car payments must have been made on the current car loan. There are some lenders that will not offer refinancing on vehicles used mainly for commercial purposes. If a vehicle is over ten years old and has an extremely high mileage it may also be declined. Leased cars are not considered eligible and neither are line-of-credit conversions. The vehicle that you intend to refinance must be registered in the state where you live and this registration has to be valid for at least thirty days in most states. It is also necessary to provide proof of employment as well as residence. Both the employment and residence proof must be for at least one year. Those who have a low FICO score will have to pay higher interest rates for the loan.
Lenders take many things into consideration when it comes to the interest rates that are offered to the borrower. The lenders are very likely to be influenced by the payment history of the borrower. This includes the history of previous loans as well as the repayment on credit cards. Someone with a good FICO score can co-sign for someone applying for a bad credit loan and potentially lower the interest charges on the loan. Many people would not want to go down this route because it can affect their own credit score if the borrower should default on the loan. In cases of close family members this may be a viable option.
It is possible for borrowers to raise their credit scores by making sure all payments are made on time and loans are promptly repaid. Credit scores should be reviewed on an annual basis. Personal credit scores can be applied for and credit companies are required by law to provide this information. Anything that has been paid off and has not been noted should immediately be brought to the attention of the credit company so that it can be corrected. It is important to look at several auto loan refinancing companies in order to get the best rates. There are many internet companies that specialize in this field and help people to obtain a loan for bad credit.
Posted on: December 6th, 2011