Archive for the ‘Car Insurance’ Category
Car Theft and Car Insurance
September 11th, 2011 | 
Author: You might want to choose your car carefully. Legally, you should not drive on a public highway without car insurance. This alone should convince you all the more to get car insurance. But, as the first sentence said, you should choose your car carefully. If you want to safe on insurance, resist the urge to get an expensive car no matter how hot it looks. This will be the target of thieves and your insurance company will, naturally, charge higher rates for expensive cars because of the amount of money they will be spending if your car is stolen.
So, what are the cars that are the favorite of thieves? In 2006, National Insurance Crime Bureau (NCIB) reported that Honda Civics and Accords are on the top of burglar’s lists. Even car thieves are aware of the latest trends when it comes to cars. If you want your car to stay safe from car thieves, then get yourself updated on their targets too. NCIB reports the top ten stolen vehicles as follows: 1995 Honda Civic, 1991 Honda Accord, 1989 Toyota Camry, 1997 Ford F150 Series Pickup, 1994 Chevrolet C/K 1500 Pickup, 1994 Acura Integra, 2004 Dodge Ram Pickup,1994 Nissan Sentra, 1988 Toyota Pickup, and 2007 Toyota Corolla in ascending order.
When you buy car insurance, make sure that you check the popular stolen vehicles in your State. If you buy a car that falls under this category, your insurance company will give you higher rate in your insurance policy. If you live in the city it is more likely that your car is a target for car thieves. It is likewise the case in port and border areas where the car theft business thrives. In a 2008 data, the top ten areas with highest car theft rates are Modesto, CA; Laredo, TX; Yakima, WA; San Diego/Carlsbad/San Marcos, CA; Bakersfield, CA; Stockton, CA; Las Vegas/Paradise, NV; Albuquerque, NM; San Francisco/Oakland/Fremont, CA; and Fresno, CA. This means that if you live in these areas you are likely to pay higher rates for car insurance. If your insurance company will consider the State where you live in and not only the particular area, you should expect to pay higher rates if you reside in California, Texas, Florida, Arizona, Michigan, Washington, Georgia, Illinois, Ohio and New York. The States mentioned are the top ten States with the highest numbers of car theft in 2006.
Car thieves select the vehicle they steal according to what their thieving area prefers. There are some cities that prefer American models, some Japanese models and some still prefer pick-ups. In trying to get affordable car insurance, you will most likely succeed if you are aware of the risks that your car may encounter depending on its model and the place where you live in.
Your insurance policy’s Comprehensive coverage covers car theft. In recent data available, the average premium for Comprehensive coverage fell by 3.3% in the U.S. In 2005 the average premium for Comprehensive coverage was $145.16 and it fell to $140.38 in 2006. Keep this in mind when hunting for low car insurance rates.
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Affordable Car Insurance – Important Facts About Car Insurance
>>>I Went from Paying $600 a month for Car Insurance to only $111 a month!
AIG and Mercury Car Insurance – A Quick Review
In many US states, it’s mandatory to get auto insurance. And just in case you need any further motivation to get one, then do consider the following statistics: on the average, someone gets hurt in a car mishap every 11 seconds, an automobile crash happens every five seconds, and a life-threatening injury takes place every 12 minutes.
So apart from the fact that you’re obliged to get car insurance, it really does provide the peace of mind you need while on the road. After all, even though you may consider yourself a great and safe driver, you cannot vouch for all the others driving on the same street as you.
To help you in your search for a good car insurance provider, we’ve taken a quick look at AIG and Mercury insurance to see how they fare against other carriers.
A Look at AIG and Mercury Car Insurance
Two big firms in the auto insurance business are AIG and Mercury. AIG Auto Insurance holds one of the biggest member policyholder numbers, and is an American International Group member. Mercury Car Insurance Company has insurance available for families, businesses and individuals. It writes auto insurance mainly in the California region but Mercury also offers car insurance coverage in other states.
AIG auto insurance focuses on owners with high-value vehicles. The firm’s pricing strategy benefits people owning many pricey vehicles and searching for special protection. AIG provides the following coverage.
• Deductibles Waived. Deductible are relinquished in situations of total loss.
• Extra-vehicle discount. Markdowns for any other vehicles you insure with the same provider.
• Unlimited Capacity, including physical damage to regular-use autos, specialty vehicles and collector cars.
• Agreed value. Autos are insured for specific agreed-upon amounts between the AIG Private Client Group and the owner. In case of partial loss, there is no deduction provided for parts depreciation.
Other features of AIG coverage include multi-policy, multi-vehicle and mature driver discounts, transportation replacement, OEM parts, vehicle lock, coverage for rented vehicles, loan/lease gap coverage, and accidental airbag deployment.
Mercury auto insurance, on the other hand, has 24-hour claims services. The company has a list of pre-approved repair shops providing quality customer service. With Mercury, people can pay their car insurance premiums either online or at a nearby office.
Aside from personal auto insurance, commercial insurance is also available at Mercury. This is for firms and people using their autos for business. Mercury car insurance also has ‘umbrella coverage’ to protect people in case an occasion comes up and their auto insurance does not cover or excludes them from filing claims.
Good car policies do not mean they have to be super expensive. And now that you know that both AIG and Mercury extend various discounts and savings, you only need to ask which ones are applicable to you.