Car Insurance

Car Insurance Articles

Before purchasing insurance, it is a good idea to check the ratings of the company to find out how it fares. That is where a ratings company like Moody's comes in, providing you with a simple scale to illustrate how well the company you are interested in is doing. Armed with that information, the consumer is able to make better informed decisions, and to be prepared for what they are signing themselves up for.
Founded in 1968 by James David Power, JD Power and Associates is a consumer ratings company which provides product, service, and overall company ratings in fields ranging from automobiles to travel. Rather than performing independent surveys, JD Power and Associates accumulate consumer reviews and ratings, organized into facets describing the rating. For example, the JD Power and Associates page for insurance company ratings provides 4 categories or ratings, plus a fifth category for the overall score.
Attending a voluntary driver improvement course is a way to get cheaper car insurance rates that many people are not aware of. If you are trying to fit the coverage you need into a budget you can afford, traffic school is a possible option to lower your car insurance rates. Keep in mind that you will have to pay the cost of the course, but the discounts will typically more than make up for what you have to pay out a single time for the course.
Car Insurance for People with Bad Credit
Getting car insurance for those with bad credit involves doing a little more research to find a company that can meet your needs and stay within your budget. It is no secret that car insurance for someone with less than perfect credit will cost more than for someone with good credit, but you might be surprised to find out that insurance, even with bad credit, is more affordable than you thought it would be.
Standard and Poor's (S&P) Insurance Company Ratings Explained
Standard & Poor's Company provides ratings for insurance companies to help you choose the best company for your needs and avoid potential losses if the company you purchase a policy from should become insolvent. Standard and Poor's ratings cannot prevent bad things from happening as a result of your insurance choices, but they can at least give you some insight to help make a better, more informed decision. To insure their ratings are accurate and trustworthy, the Standard and Poor's ratings are designated by a team of financial analysts who look at a range of credit criteria before issuing a rating.
Each time you receive a speeding ticket, the risk of insuring you increases. Obeying the speed limit is part of being a responsible driver, so failure to do so can make it more expensive for the insurance company to maintain your policy. To make up for the additional costs, the insurance company will in turn raise your premiums. Collect enough traffic offenses and you may have to purchase high risk insurance companies at a higher cost.
AM Best Ratings Explained
The A.M. Best Company is one of the leading insurance and financial company ratings firms. The company uses a standard grading scale to provide consumers with information about the stability and long term financial outlook of financial companies. At a glance, someone who is comparing prices of different insurance companies can know whether they are dealing with a company that is in dire straits, is making a comeback from a financial blow, or is riding on top of the heap. Here is the grading scale used by A.M. Best Company, and what the grades mean to you.
Car Insurance for 26 Year Olds
In the insurance world, a person's 26th birthday marks a new, lower risk stage of life. Car insurance, for 26 year olds, is no longer a decision between staying on their parents' policy and purchasing coverage of their own, but the rates she will have to pay will be lower than if she was still in her early 20's. Cheap insurance for 26 year olds is available, by looking for discounts and shopping for the best price.
Improving Your Credit Score Can Lower Insurance Costs
Your credit score plays an important part in determining what your rates will be for insurance policies. In many ways, insurance is like a line of credit, and your credit score is the indicator used to show how well you manage the different lines. By repairing your credit score, you open up possibilities for savings in all types of insurance, not to mention improving your ability to qualify for loans or other lines of credit.
6 Ways to Invalidate Your Car Insurance
You may have wondered what it takes to get your car insurance thrown out. The fact is, once the policy goes into effect, the only legal method insurance companies have of dropping you is to identify areas in your application where you may have been less than honest. Simply put, your dishonesty is the insurance company's last resort if they want to drop your policy, and here are 6 of the most common ways people decide to unwittingly invalidate their car insurance coverage.


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