Even though most car insurance companies have hotlines with reduced charges on them for this purpose, this isn’t always the case, or you may not be eligible for this offer due to a variety of reasons. Whatever your situation is, always remember that a good phone card would not only let you save money on the calls you’re making, but also organize yourself better, as you’ll have a separate phone line dedicated to talking to the insurance company. This can be very beneficial when you’re actually dealing with the problem, trust us.

Another thing to remember about phone cards is that you should get a single-use card in these situations – don’t rely on a rechargeable card as this may drag you into making further payments later on when you don’t need the card anymore – always plan ahead and get a card that would work for you in the immediate term, as well as later on if you need it to.

This makes cards with free calls on them one of your best bets – they give you flexibility and freedom, and allow you to easily plan your phone-related expenses. If you get a card that has plans oriented specifically towards the phone service provider of your insurance company, this will make it very easy to keep in touch with them without having to shell out a lot of money for the process.

Free calls, however, aren’t everything – as good as they may be individually, you should still consider the other options on the contact if you want to truly benefit from it. In some cases you may be charged very highly for calls that aren’t covered by your free calling plan, which can be very burdensome on your finances, and naturally, a situation you should do your best to avoid. On the other hand, a properly picked free calling plan is often all you’ll need to benefit a great deal.

Check out The 10 least Expensive Autos to Insure in 2008 Among Top Sellers.
Car premiums are calculated using tables that combines personal factors plus the “loss experience” of the vehicles. Which means owners of vehicles that end up fewer and less expensive insurance claims which in turn lowers their premium.

And Also for the The Most Expensive Autos to Insure in 2008 among Top Sellers.Even if you are best driver in the world, but if other drivers of your car model are regularly crashing their cars, that car is going to be more expensive to insure.

Insurance loss histories compiled by industry groups and insurers are used to judge the level of claims a vehicle will incur for collision damage, medical bills, theft and other factors.

You may want to read up on our previous article about OEM Parts.

Many insurance companies recommend non-OEM parts for the repair of damaged vehicles to keep insurance costs down. The industry sees non-OEM parts as quality replacements that are guaranteed and a perfectly reasonable alternative to OEM parts, and less expensive.

States that do not require non-OEM part disclosure :

• Alaska
• Delaware
• Hawaii
• Kentucky
• Maine
• Maryland
• Minnesota
• Montana
• North Dakota
• South Carolina
• Texas
• Vermont
• Washington
• Washington, D.C.
• West Virginia

Source: National Association of Insurance Commissioners, 2007

Now ain’t it about time, we hooked up our precious, beloved cars with aftermarket parts?

Preferred Provider Organization (PPO) – In 1991, Colorado enacted a statute that allows insurance companies to offer a “PPO” option. That means for a reduced rate, the consumer agrees to use a specific PPO for medical treatment for injuries suffered in auto accidents. This is an option only. Consumers can save up to 25-percent on the medical portion of their auto insurance premium.

Property Damage Liability (PD) – This coverage is for when you damage someone else’s property with your vehicle. Usually it’s someone’s car, but it includes property like buildings, utility poles and garage doors. This coverage is required in Colorado, New Mexico, Utah and Wyoming. The mandatory minimum limit is $50,000.

Rate – This is the cost of a unit of insurance (usually $1,000 worth). Insurance is based on the history of loss experience for similar risks. What a driver pays for auto insurance is based in part on past experience by that company with drivers of the same age, sex, marital status, driving record and similar make and model of car.

Regulation – The insurance industry is state regulated. State insurance laws are administered by insurance departments whose job includes approval of rates and policy forms, investigation of company practices, review of annual financial statements, periodic examination of books and liquidation of insolvent insurers.

Source: autoinsuranceadvocate.net

Deductible – This is your out-of-pocket expense that you agree to pay for losses. The insurer agrees to pay for the amount of loss over the amount of the deductible. If you can afford to carry a higher deductible on collision and comprehensive coverage, you can substantially lower your costs.

Economic Benefits – Tangible, out-of-pocket expenses, such as medical expenses, rehabilitation expenses, lost wages and essential services.

Endorsement – An amendment to your policy written especially to cover unique items just for you. An endorsement is also a change to your policy that is made during the policy’s term. An endorsement is attached to your policy to modify the terms of the insurance contract.

Financial Responsibility Law - Typically this refers to the law that requires motorists to have auto insurance, however most states also permit a bond or cash deposit as evidence of the ability to pay for negligence in causing losses to others from the operation of a motor vehicle. In 47 states and the District of Columbia, it is illegal to operate a vehicle without obtaining proof of insurance.

Garaging Location – This is the zip code where an automobile is parked when not being used and usually corresponds to the primary residence of the insured. Used to determine premium rates.

Good Student Discount - This is a discount awarded to students with high scholastic achievement. Hired Automobile- This coverage applies to autos an insured leases, hires, rents, or borrows, but not to autos owned by employees or their families.

Source: autoinsuranceadvocate.net

Bodily Injury Coverage (BI) – BI pays for injuries to other people when the insured vehicle’s driver is legally at fault. This coverage is required in Colorado, New Mexico, Utah and Wyoming. The mandatory minimum limit is $25,000 per person.

Collision Coverage – Coverage for when your car is damaged as a result of colliding with another object-a brick wall, for example, or a rollover. This insurance applies only to the car. It doesn’t cover whatever the car collided with (that’s what your property damage liability is for). This coverage is optional.

Comprehensive Coverage - Coverage for when your car is stolen or damaged in ways that don’t involve a collision. Examples include: hail damage, glass breakage, fire, vandalism, collision with an animal, flood, earthquakes, falling objects and theft. This coverage is optional.

Declarations Page – This is the report from your insurance company that includes the types, limits, and cost for each coverage as well as the vehicles covered by the policy. It also would include the types of coverage for each vehicle covered by the policy and other pertinent information.

Source: autoinsuranceadvocate.net

If you feel like you need to take a foreign language course to “speak insurance” don’t worry, you’re not alone! But, you need to at least understand the basic auto insurance terms because they spell out what you are and aren’t covered for in your policy. Here is a translation of some basic insurance lingo:

25/50/15, 100/300/100, etc. – You will see three numbers when you are buying liability coverage. They represent (in the $ thousands) your liability limits for per person bodily injury, bodily injury for all persons injured in any one accident and property damage liability. Each state requires its own mandatory minimums.

Automobile Liability Insurance – Protection in case others hold you legally responsible for bodily injury and/or damage to property losses incurred as the result of a motor vehicle accident. In other words, coverage in case you cause an accident where there is either physical or property damage to other people. This is a general term that covers bodily injury (BI) liability and property damage (PD) liability.

Source: autoinsuranceadvocate.net

As insurance companies tend to charge high premiums for car insurance, there are ways to lower it:

• Low mileages reduce significantly your premium. Thus, it is recommended to use your car only for short drives.
• Pay your insurance premiums in one installment as insurance companies charge more for monthly premiums.
• Don’t apply too much customization on your car because tweaking the stock features increases the premium.
• Don’t go beyond the speed limit. Speeding fines increase premium as insurance companies keep a record of this violation.

The Factors which Affect your Insurance Premium

Normal factors which affect insurance premium are age, location, car make, and the like. However, as there is a higher risk involved in sports cars, there is also a higher rate. Most insurance companies charge the same rate for sports car insurances even for different car makes since they have a record of the usual sports car predicaments.

via [Auto Insurance Blog]

To get the best rate for car insurance, take time to do research. Surf the internet for different car insurance providers that sell insurance online, and can give you quotes directly from their websites. Generally speaking, the older your car is, the lower the rates of insurance.

Many insurance providers offer bundled deals or packages that include life or medical insurance along with your car insurance. There are bigger savings if you sign up for these packages, depending on your needs and capacity. Providers will be more than happy to explain these to you, and help you choose from many options.

via [Effective Car Insurance]