Posts Tagged car insurance

Major Car Leasing Mistakes to Avoid

Leasing a car is good idea. But, people usually make a few mistakes, while leasing. To make you aware what you need to do while leasing a car, and what you need to avoid, read this article. If you are planning to lease a car, this article will help you. Let us know the common mistake that are to be avoided, while leasing a car.

Paying more in advance
People may feel that it is good pay more money upfront thinking that monthly payments will be less, but it is not advisable. The reason for this is if the vehicle is stolen or wrecked, it brings a problem for you and not the leasing company. Some leasing companies may not reimburse your money even when the insurance pays off for the car. The upfront payment can be negotiated. So, don’t be exited to pay in advance.

Not setting limits
Any leased car will have certain limits that shouldn’t be crossed. In general, every car that is leased will have a mileage limit; and some contracts will also specify the number of miles that a person should drive in a year. So, the person who leases the car shouldn’t cross that mileage limit. If you exceed that limit, you may have to pay more for each mile that you travel. So, better remember this factor.

Neglecting or forgetting the GAP insurance
Every car whether owned or leased needs the insurance. However, some leasing companies in order to keep the premiums low, they forgo the GAP insurance, which is very important especially for leased automobiles. If you neglect considering GAP insurance while leasing the car, you have to pay a lot from your end, later. So, to avoid such a problem, make sure to check whether the car has GAP insurance.

No proper maintenance
Knowingly or unknowingly, if a damage is made to the car beyond the normal wear or tear, the driver needs to pay the extra charges to the leasing company. But, if it is small damage, some companies will treat it as normal thing. If the damage is big and if you made it repaired then some companies will not charge you for the damage, as it is repaired. Otherwise, you may have to pay a lot for the damage done. So, to avoid all these problems, better maintain it properly.

Extending the lease period
This is not a good idea – because, the car and the model may become old, may not be in good condition, making you pay for the maintenance. So, it is better lease another car based on your requirements with good features.

Avoid these mistakes and enjoy the benefits of your leased car until the end of the lease period.
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Things to Look at When You Purchase a Used Car

Are you going for the purchase of the old or used car? Then, you must check for the following things carefully before you buy the used car. This will give you some confidence in purchasing the car.

Look at the car carefully
First, you must check the car carefully the inside and outside – from small scratches to major repairs in the car. Some car sellers may cover up those things cleverly. Therefore, you should magnify each part of the car carefully both inside and outside parts.

Research the prices in the market for used car
Before you buy a car, you may not have an idea at what price you should purchase one. Therefore, you should research the market thoroughly so hat there will be no chance for you to get the vehicle at a higher price than you wanted.

Research ratings and reviews of the car model
Make sure to research the ratings and reviews of the car model. It’ll help you know the model of the car is used today, because the car may be so old model that you may not know, and check for the ratings of the customers. They know the features and functions of the car as they used it.

Take the help of a mechanic
With the help of the mechanic, check the car carefully especially the car engine, air conditioning, driving portion, etc. These parts are technical and you may not be aware of those automobile parts. The mechanic will help you and find out if something is not really correct and intimates you. This is the important thing that you must do.

Test drive
Once you are done with the research, and fine with the condition of the car you can go for the test drive. For this, you should take the permission of the owner of the car.

Check the vehicle documents and history
Finally, if you are interested to buy, check the car – check all the documents and the history of the ca carefully. After the check, if you have any doubts make them clear. Now, you can make a deal with the owner of the car with the price you have asked.

Following these tips will help judge the quality of the car.
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Advantages of Having Full Coverage Auto Insurance

Full coverage auto insurance is one you need to have in order to protect yourself in the event of major accidents. Many people opt for minimum liability so that they could save money on their policy. But in long run, this will end up with paying more if you only carry the amount of coverage.
In this article, we will discuss about the benefits of having full coverage auto insurance.

No worries: When having full coverage car insurance, you need not be worried about the damages to your car in the event of an accident or even theft. Often your car can be easily damaged in the parking lots of the shopping malls, etc. These small damages can be covered with this type of insurance policy.

Peace of mind: Having a full coverage of car insurance will allow you to relax as you know that an accident will not put a financial burden on you. Nothing is more important than peace of mind.

Fully paid windshield replacement: If your car windshield is damaged, instead of repair, they are fully replaced at no extra cost.

Stereo equipment coverage: All stereo equipment are covered in case of accidents up to certain amount you have followed guidelines of insurance for installing your stereo equipment.

Free car rental service: In case your car is taking more than 24 hours for repairs after an accident, they will rent you a car for your use at no cost.

Receive full liability: Regardless of the matter, whether it is your fault or not, you will be paid for all. This also includes natural disasters like hurricane, tree falling on the tree, thunder storm damages, etc.

Covers fire and water damage: Full coverage auto insurance also covers the damage caused by fire and water. This damage cannot be prevented and just can happen. So, you will not get financially ruined by such kind of damage as it is covered by your insurance policy.

These are all the benefits that you will avail when you choose a full coverage auto insurance for your car. You will literally save a big amount of money. Full coverage auto insurance is ideal for a driver who drives more than 1,000 miles a day.
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Documents needed while Buying An Auto-Insurance Online

Insurance buying is an easy kind of job in the present world. Buying process starts after the verification of an insurance company. Following documents are needed while purchasing auto insurance online:

Driver information
During the quoting process, a buyer needs driver’s license number and date of birth for all drivers, which will be listed on the policy. While buying auto insurance online, any information regarding traffic violations, claims and accidents on driver’s record are also needed.

Vehicle information
For complete information of vehicle, insurance company will demand car VIN (Vehicle Identification Number) number.  This will give year, make, model, engine size and several other details of the car. It also helps to know other details regarding vehicle, which ranges from braking systems to airbags.

Prior carrier detail
Many insurance companies demand prior carrier detail. Each company has it’s own reason for this. These carrier details provide information of specific carrier, the policy expiration date, and length of continuous coverage and existing limits of liability.

Other drivers – Other driver information in insurance is very important before buying auto insurance online. For example if a roommate is living with you who has his/her own car then a buyer must either exclude him to the policy or add him to the policy.

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Types Of Car Insurance

Insurance companies provides information regarding different types of auto insurance available to car buyers. These policies can include physical injury and liability, collision, comprehensive, full glace, liability, medical coverage, personal injury protection, and uninsured motorist.

Car insurance is mandatory, when a person is willing to buy a car. It is considered as violation under the Road Traffic Act to drive car on the public highway without insurance. This is because, while driving car there may be risk of damage to car, to the person and to third parties and their belongings. When trying to buy car insurance, a cheapest insurance cover may emerge like a false economy.

There are three types of car or auto insurance cover:
Third Party: Third party is treated as the least possible legal level of insurance. Third party insurance covers insured person liabilities when there is:

  • Injuries to others (to passengers in insured person’s car and other persons not inside insured person’s car).
  • Damage to other peoples’ property (the third party’s car, but not insured person’s vehicle).

Third Party, Fire and Theft: This insurance covers all the risks of third party insurance and also includes theft and damage to insured person’s car generated due to theft and fire.

Comprehensive: Comprehensive insurance covers third party, fire and theft risks along with:

  • Accidental damage to insured person’s vehicle
  • Malicious or mischievous damage to insured person’s vehicle
  • Personal accident
  • Medical expenses up to certain limit
  • Loss of, or damage to, personal property which is being carried in insured person’s vehicle, to  certain limit
  • New for old substitute in the first year.
  • Glass replacement (windscreen, sunroof and windows).

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