The Top 8 Ways to Save a Ton of Money on Your Auto Insurance
by: Matthew Keith
We all hate doing it, but it's something that we all must do at one time or another... the wonderful task of shopping for car insurance quotes!
Since there's no avoiding it, you might as well learn a few ways you can save money in the process. Here is a compilation of the top tips you can use to make sure you never overpay for your car insurance premiums...
1. Search for quotes regularly - Many people inadvertantly pay the same premium for years without ever shopping around. As your vehicle ages, it depreciates in value. You shouldn't pay the same premium on an older vehicle as you would on a newer one... think about it! It's generally good practice to do a quote search on a yearly basis, but the more often you do it, the better chances you have of getting lower rates.
2. If you have an older vehicle, consider "liability only" insurance - When making a decision like this, you need to consider the value of your vehicle compared to what you're paying for your premium. If your vehicles wholesale value is, say $1000, why pay almost that much per year (give or take) when that is all you will get from your insurance agency... if you total your vehicle?
3. Take a defensive driving course - A simple 6 hour defensive driving course can save you up to 10% on your insurance premium. Contact your local department of motor vehicles for information on taking this course. Many times, you can also take this course by mail, by video, or even online!
4. If you have more than one vehicle in your household, insure them with the same agency - Most insurance agencies will knock a huge percentage off of your premium for multiple auto insurance policies.
5. If you also have life, home, fire, boat or any other type of insurance, use the same agency - As with having multiple auto policies, most agencies will knock a huge percentage off of your premium for multiple policies.
6. Increase your deductible - The higher the deductible you choose, the lower your premium will be, so set your deductible at the highest rate possible... just make sure that if you were to need the insurance you would be able to cover this deductible.
7. Maintain good credit - Insurance agencies, just like any other business, like to be paid... and on time. A good credit rating will lower your premium.
8. Think like an insurance agent - Insurance agencies base their rates foremost on one thing... risk. The more at risk you seem to be, the higher the premium will be, and vice versa.
When talking with an agent, give them reasons that you are at a lower risk, ie: you have a safe vehicle, you have a clean driving record, you don't use your vehicle for work purposes, you don't travel often, you're vehicle has anti-theft devices, you park in a garage, etc. A good idea would be to make a list of why you're at a lower risk before you even speak to an agent. Be creative!
| About The Author This article was written by Matthew Keith. Did you like it? Read more articles, tips and resources just like it at http://insuranceauto.bravehost.com - This article may be freely distributed or republished, as long as these bylines are included. |
Beware of a Flood Damaged Used Car In Your Town
by: Austin Davis
Is a flood car coming to a town near you?
Hurricanes have done major devastation to the southern coastline, and the clean up project will likely take years to return things to some what normal. What I am concerned about is the potentially HUGE number of vehicles that will soon come on the market to be sold as used cars. The problem is not that the vehicle is used, but that it is potentially a casualty of the hurricanes and high water. These used cars are generally known in the business as “flood cars.”
Now I know what you are thinking, “I don’t live in these Southern areas, so I am not at risk of unknowingly purchasing one of these flood cars.” Sorry, but you are dead wrong…actually the farther away you live from the hurricane damage, the greater you are at risk for being scammed into buying one of these cars.
Why are you more at risk? Think about it. The flood damage took place in New Orleans, don’t you think that the residents there know that used cars on the market in that area have a HUGE potential to be flood cars? You bet they know that.
But do you think the used car buyers in Arizona would suspect flood cars were brought into their area? Probably not, and the scam artists behind these flood cars know this. I would suspect theses car will be on the used car market for about a year…maybe more. This issue is huge and will hurt many people who make the mistake and purchase one of these vehicles.
What is the big deal about a car that got water inside it if it seems to run just fine? Great question…even if I made it up myself. The engine itself might be fine, and long term engine damage might not have occurred, but there are many other components of the vehicle that can seem to be working normally now, but can deteriorate in the near future.
Electrical components and wiring are usually affected most. There is a ton of complex wiring under the hood, in the dashboard, and under the carpeting of the vehicle. Water gets inside the vehicle from underneath from holes in the frame and body and around the door openings. If the carpet gets wet, so does the vast network of wiring under the carpet. The carpet can easily be replaced, but the wiring under the vehicle is usually too complex and therefore too expensive to replace, so new carpet is laid on top of them, concealing potential damage.
So what if the wires get wet? Rust my dear friend. Rust is your enemy, and rust you will soon have. These wires will now slowly begin to break down and rust will form on any part of the wire that is not protected. When the electricity traveling inside these wires makes contact with this rust, it will make a ground, and the electricity will stop traveling. Whatever component the electricity was traveling to, a fuel pump for instance, will soon stop working. Finding the trouble spot in the miles of wire is not an easy task. The carpets and seat will probably have to be removed and hours of diagnostic time will probably be accumulated as the mechanic tries to find the trouble spot.
In most cars, the onboard computer system is located in the lower part of the passenger dashboard area, just inches above the carpeting. Some Japanese vehicles have the computer located under the passenger seat, on top of the carpet! If the computer system gets wet, not only will it need to be replaced, but it can damage many other electrical components as well.
The computer can be replaced now, and all might seem well, but the rust will soon make its way to these other electrical components and a domino effect will probably start to happen. One sensor after another will fail, intermittent electrical problems will begin to happen, and your pocketbook will soon start to feel the ill effects of multiple monthly mechanic visits. I consider rust the cancer of automobiles, you have to keep cutting and cutting and cutting to stop its growth.
Transmissions are another big ticket item that can be affected by water and not show symptoms for some time. When moisture enters the transmission, the normally light pink fluid becomes a light white/pinkish frothy mix, like a strawberry milkshake. The entire workings of the transmission are extremely complex and full of wires, sensors, and lots of rubber seals and O-rings. The water will cause the rubber parts to swell and leak, and the sensors and electrical components will soon succumb to rust and water damage as well.
So what can you do to protect yourself from buying a flooded time bomb?
1. Be cautious of every used car on the market.
2. Take your time inspecting and test driving. A good deal today is usually a good deal tomorrow too, so don’t succumb to pushy sales people.
3. Inspect under the driver and passenger seats for obvious signs of rust on the seat tracks and metal seat frame.
4. Look at the headliner (the fabric on the roof inside the car). Once wet, the glue that holds this fabric in place will begin to weaken, and the fabric will begin to fall down completely, or will fall in small sections that will look like bubbles.
5. Inspect the undercarriage and the exhaust system for signs of large scale rust. I would expect a small amount of rust as being normal; ask your mechanic if you have questions.
6. Use your nose. If the inside of the vehicle smells damp and moldy, or feels damp to your skin…run!
7. Remove the wheels and inspect the brakes. This should be done anyway if you are inspecting a used car, but rust damage will really show itself on the brake components.
8. Inspect all under-hood fluids for water contamination. Oil and water will look like a chocolate milkshake, oil and transmission or power steering fluid will look like a strawberry milkshake.
9. Get the dealership or the seller to give you a written statement that to the best of their knowledge that 1. the car has not been in a flood, and 2. the car was not involved in any type of insurance claim that might have resulted in the original owner selling the vehicle to their insurance company as a “total loss.”
10. Get a CarFax report. These reports can provide very valuable information about the car, but I would not rely solely on them. CarFax may not have complete or updated information critical to your decision.
11. Look in the trunk under the caper ting and under the spare tire. Water and rust will tend to puddle here since it is one of the lowest places of the vehicle. If you see standing water, or signs of rust in and around the spare tire area it is probably a flood damaged vehicle and should be avoided.
My website provides one of the best used car checklists I have been able to find. I highly recommend a would-be-buyer to print it out and follow the step-by-step guide. If you aren’t in the market for a used car yourself, be sure to pass this article and checklist information on to your co-workers, friends, and family who are.
| About The Author Austin Davis operates a car repair advice website filled with insider tips about auto repair related issues. Visit his site at http://www.trustmymechanic.com to learn more about your vehicle. |