Posts Tagged ‘Car’

January 10th, 2012  Posted at   Car Insurances

Many companies claim to be able to help you slash your car insurance cost by as much as 40%. This means if your car insurance premiums in this year is $1,000, you can save as much as $400.

But is this really credible, and can this even be achieved? This article seeks to find out more about these claims…

The 2 points below sums up our findings, and were gathered with consideration to how insurance companies price their policies. Major factors that contribute to motor insurance pricing include:

- Vehicle details: Make and Model of Vehicle, Engine Capacity & Vehicle Age

- Driver Details: Age, Sex, Martial Status, Driving Experience and Occupation of Driver

- Insurance Details: Amount & nature of claims in the past 3 years

- Type of Cover (Third Party Only, Third Party Fire & Theft or Comprehensive)

1. You can reduce your car insurance premiums by 15% if you choose to drop the optional riders.

Each rider cost you between 3-10% of your auto insurance premiums. Thus if you opt out of the unnecessary frills, you can easily save up to 15% of your car insurance premiums.

2. You can save as much as 30% of your premiums if you compare quotes with at least 12 insurers.

This happens because insurance companies have different business guidelines. They price insurance premiums of each vehicle model differently.

A point system is used to determine if a particular car is of higher risk…or not. Car models with higher points attract more premiums. The points are awarded based on the claims made by the existing client base. (more…)

January 5th, 2012  Posted at   Car Insurances

A car insurance policy is meant to help avert any financial disaster resulting from a car crash. Whenever you encounter a road accident and cars or property is damaged, your car insurance can help you compensate another party for the loss. This is provided you are found to have caused the accident. If there are any injuries or even death, compensation is also paid via your car insurance policy.

A typical accident involves anything from small dents and cracks to the total destruction of the entire vehicle. Restoring small damages can cause the car owner anything from a few hundred dollars to a few thousand dollars. This depends on where the damage occurs. Some damages may need more spare parts to restore. Others require many surfaces to repaint. So it all depends.

If your motor insurance policy costs a few thousand dollars and the accident only involves a few hundred dollars, it may not be wise to claim from your insurance policy. This is because if you have any claims in the past 3 years, the insurance company will require you to pay additional premiums so they can recover what they lost in payouts to you. This may seem ridiculous, but it is definitely true.

You should only claim from your insurance policy if your accident damage exceeds your insurance premium by a large factor. This means your claim will need to be at least 150 percent of your premium amount to make your insurance claim worthwhile. If it is a very big claim of several thousand dollars, by all means get a compensation to save yourself from any financial distress. (more…)

December 7th, 2011  Posted at   Car Hire

Have you ever wanted to be able to drive around Chicago with a different car every so often? Maybe all of us do but did you know that we can actually do that? Car hiring is the answer that we have been looking for. It’s practical and stylish too because availing a rental car as an alternative is definitely something that we can all consider.

Being Familiar with the Different Chicago Car Hire Rules

Almost everything that we acquire, no matter how small has an equal responsibility. For one to be able to drive a rental car is not that at all entirely simple. We, as the consumers, also have our own shared responsibility to the car for hire. Listed below are some of the most significant things to keep in mind in renting a car.

Your Driving Verification

Before any car hire company can let you drive their car, they would require knowing how you are as a driver. This is really essential for a Chicago car hire business. No one would hand over a part of their asset to someone who has a bad record. With a clean driving record, you might even be given a car rental discount. Keep a clean driving record not only to be able to rent a car but for other purposes too like getting a car loan in the future.

Keeping the Right Speed Limit

Driving a car is never easy and you must be careful all the time but be extra careful when you’re driving a rental car. One particularly important aspect to watch out is your speed limit. Sure you can drive around the city in a rental car without being bothered, but as a dependable citizen, you will still need to be watchful of your own speed limit. Sure it’s just a Chicago car hire, it doesn’t mean that you can be a careless driver. Advising people to be careful on their speed limit is not just because of the rental car’s advantage but primarily for your safety and your family as well.

Car Maintenance

The car you rent should be returned back to the car hire company in good condition as when it was prior to its turned over to you. One of the most common problems that car rental companies are concerned about is that people can really be uncaring at times. These people would get the car in its best condition, yet would return the car in a very bad state once they’re done with the rental contract. The cars would smell bad, obtain unrecognizable stains; and contain garbage anywhere inside the car, especially the compartments. This is really somewhat inconsiderate because the people who work for the car hire company will have difficulty cleaning the car in order for it to look and smell good as new again. It’s never proper to be untidy but with your personal car, no one would care. It’s your call. When it comes to things that are borrowed or rented like cars, one should know how to properly maintain and return an item in almost the same condition when it was handed or turned over. (more…)