Auto Insurance Policies

Most auto insurance policies in the United Kingdom has standard format and structure. They are divided roughly in six sections: first section – heading, which shows the full address, name of the UK auto insurance company,which underwrites your auto insurance policy.

Second section is preamble covering what an auto insurance premiums have paid and the following form is the base of the auto insurance contract. The next section is operative clause.It is a detailing list with the types of the events that auto insurance policies cover against (comprehensive, third party fire and theft or third party only). Exceptions clause are cover exceptions or cover exclusions.

For instance, cover will not be provided if the car is driven by anybody other except the drivers, which are mentioned in the auto insurance certificate. The fifth section is condition – the list with conditions, applying for the cover in order to be operative. So, for instance, covered by insurance has to notify auto insurance company in United Kingdom or its agent about any incident, that could affect on a claim, made under the auto insurance policy.

The last section of auto insurance policy is schedule.It is connected with the auto insurance policy and the auto insurance certificate and gives some details, that are specific to the insured person such as period of auto insurance and name.

Cover or car changes are written down in the schedule and also new certificate, which is published in order to comply with lawful requirements. It also contains a note about the premiums payable.The auto insurance certificate is an full part of the auto insurance policy. It gives details, which are specific to the covered by insurance. It also gives proof to minimum legal requirement in the United Kingdom. In the case of the auto insurance policy cancellation, the certificate must be returned to the auto insurance company or its agent during 7 days.

What Should You Look For in an Auto Insurance Company?

What is a car insurance? What will an auto insurance cover?

Auto insurance companies cover you and your passengers in the event of an accident. But it is up to you to decide the level of cover you will get.

Will the damages to your property be covered by the company? Will all the passengers be covered or only your family? What if your daughter was driving your car?

What questions should you ask your auto insurance company when it comes to auto insurance? This article help you choose between the various insurance policies.

Types of auto insurance

Liability insurance, or third party insurance.

This is general the lowest form of insurance offered by an auto insurance company. This is the basic insurance, if you are involved in an accident, and it is proven to be your fault, the auto insurance company will pay damages to the other party.

The cover offered by the auto insurance company is usually set beforehand. These are the maximum amount the auto insurance company will pay in case of accident

For example the agent will agree on a $10000 coverage per person, (bodily injury) and/or $40000 coverage in bodily injury and/or $10000 in property damage per accident

You need to confirm with your auto insurance company what they will cover and what are the limits.

You might be offered a very low premium by some auto insurance company only to realize that your cover is minimal and unrealistic.

Collision and comprehensive coverage, comprehensive insurance and full comprehensive insurance

An auto insurance company will also offer you a comprehensive insurance, as the name indicates, you will be comprehensively covered.

In simple terms it means that if you are responsible for a collision the insurance company will pay for the repair of the vehicle.

But it is not so simple, an auto insurance company will almost always have the final say on what amount will be paid out, so if it is cheaper to give you market value for the car, then they will.

You might think that your car is worth $1000.00 but the real market value might be $500.00. This is not an uncommon scenario. So if the repair of your car are more than $500.00 then the auto insurance company will simply pay the book value of the car.

You must make sure that the insurance company is not in control of the market value of the car, normally organisations like the AA will give an impartial market value.

As with the third party insurance, the auto insurance company will almost certainly limit the amount that will be paid out, but in general terms, a comprehensive insurance will have higher limits.

Recreation Vehicle

A recreation vehicle needs its own insurance, a Recreation vehicle insurance is not the same as auto insurance.
You should not assume that because your car is comprehensively insured, so is your recreation vehicle.

Other Types of auto insurance

Medical (MedPay), Persona Injury protection (PIP) and no fault cover

This insurance will cover you and your passengers medical expenses in the event of a collision.

The no fault cover means that the auto insurance company will pay regardless of who is at fault. This give you the piece of mind that, at the very least, your family and friends are covered.

PIP is often a minimum requirement in some countries or states, ask your auto insurance company what the requirements are.

Uninsured/Underinsured motorists’ coverage

This cover, (also sometimes a minimum requirement in some states), will cover you if the person at fault is not insured or is underinsured.

You must ask your auto insurance company what you will be charged in case of such a situation. Normally the auto insurance company should not charge you some extra premiums.

Rental reimbursement, towing and labour

Those ‘extras’ often given with a comprehensive insurance is often use by auto insurance companies as specials.

So in case your car is damaged the auto insurance company will pay for rental costs, (sometimes only for a few days).

The auto insurance company might also offer to pay for the towing of your vehicle, (not always included).

As always you should ask your auto insurance company what is included in the cover.

The legal requirements.

Most states, and most countries will require a certain level of cover, from full comprehensive car insurance to third party auto insurance.

In most cases it is up to you, the driver, to ensure that your auto insurance company offers you the minimum required. In most cases the insurance company, (the auto insurance company), is under no obligation to instruct you of the requirements.

 

Compare Auto Insurance and Save Big Time

In the past, before the internet revolution, most people found themselves going with whatever their car insurance broker recommended. If you wanted to compare auto insurance, it usually took a long time going through the phone book and calling up various companies to check on their rates. Things have changed.

With the emergence of the internet, auto insurance comparison has become much easier, and with a few clicks of your mouse you can quickly and easily see a variety of quotes online. Taking the time to compare auto insurance prices is imperative now days, and it can also save you a great deal of money.

Compare Auto Insurance Prices

Of course one of the main things you want to do is compare auto insurance prices. Check out various companies and see what kind of insurance rates they have to offer you. Some people are paying very high car insurance rates; however, if they only took the time to do some auto insurance comparisons, they could save hundreds of dollars a year. Never be content with the first quote you get, and go on to see what kind of deals other insurance companies can offer you.

Compare Auto Insurance Plans Too

Not only should you compare auto insurance prices, but you want to compare the plans that they offer as well. When you compare auto insurance, one company may seem to have the better deal price wise, but when you check out the plan, it may not offer everything that the more expensive plan offers. When you are comparing insurance, be sure that the plans offer similar coverage when you compare the prices.

Know Your Needs When Doing Auto Insurance Comparison

When you are doing an auto insurance comparison, it is important that you know your car insurance needs. Know whether you need full coverage, comprehensive, collision, or if you just need liability insurance. If you are prepared and know what you need out of your insurance, you will be able to get a more accurate quote. Remember, not only do you want a great price on your insurance, but you also want to know that it covers all of your needs.

As you can see, taking the time to compare auto insurance is a great idea. Now days, with the internet available, it will not even take you very much time to sit down and get a few quotes to compare. So, what are you waiting for, why not see how much money you could be saving on your auto insurance today and take a few minutes to compare auto insurance prices.

Best California Auto Insurance

Auto insurance with optional coverage is required to meet the vast expense of money involved in accidents. In California, auto insurance for drivers is required by the law. Through the best California auto insurance, a driver or car owner gets proper protection against liability for bodily injury and other property damages.

The primary consideration in choosing the best California auto insurance is the insurance price. An inflated insurance rate will increase expenses and may prevent you from purchasing a new car. The best California auto insurance offers good coverage at an affordable rate. It offers comprehensive service over inopportune auto incidents, fire, theft and natural disasters. In addition, the best auto insurance has the credit for handling all types of auto claims fairly and quickly, and shows good financial stability of A+ or above. The best California auto insurance is capable of covering almost all insurance aspects, including the liability and uninsured motorist coverage for $100,000 or $300,000 or $100,000, medical payments for $5,000, collision coverage for $500 and comprehensive coverage for $500.

As auto insurance is mandatory by California law, the demand for auto insurance is high. There are a number of auto insurance agencies with a range of insurance schemes. So, drivers should be careful when selecting their auto insurance. A thorough search of more than 25 auto insurance agencies is essential to choose the best auto insurance. In addition, you can gather information from the online quotes of different insurance companies and from auto insurance specialists. Individuals can evaluate rates and services with different insurance providers and decide on the company that provides the best auto insurance.

A leading auto insurance vendor in California, Progressive Auto Insurance offers the best auto insurance for commercial and non-commercial automobiles. Having a customer base of more than 12 million, the provider is at the top in supplying insurance products into newer territories. California auto insurance is also available online.

Popular Auto Insurance Companies

The American auto insurance sector is characterized by the presence of a large number of players. Some are large general insurance companies that have diversified into auto insurance and some are pure play auto insurance companies. Here are some of the notable players in auto insurance business.

State Farm Insurance is one such company. It is a national insurance company and one of the biggest general insurance companies in the US. For the year 2003, the company had a revenue of about $56 billion. Headquartered in Bloomington, Illinois, State Farm Insurance is a very popular auto insurance provider in the US. With a nationwide network of branches and attractive discounts for various categories of people SFI has an edge over its competitors. SFI is also the largest insurer of cars, trucks and SUVs in the US.

American International Group or AIG is another big company. It is the second largest general insurer and also the second largest auto insurer in the US. The Farmers Insurance Group of Companies is one of the largest general insurer and the third largest auto insurer in the US. Like SFI, this company has also got a large network of branches in all the states in the US.

Apart from these, there are other players in the American market. Some of them are 21st century Auto Insurance Group, which has its strength in auto insurance space and operates in eight states. Some niche players include Auto Owners Insurance, which has been operating in the nation since 1916 and covers 22 states across the nation.

One feature of the American auto insurance space is that there is room for all players ? general insurers who have diversified into auto insurance business and auto insurance specialists.