Thursday, September 22, 2011

How to Find The Best Insurance Rates

What makes finding the best insurance rates possible is the competitiveness of the insurance markets. Nowadays, insurance companies can do business across state lines easily. Therefore, competition among local, regional, and national insurance companies has created some very crowded insurance markets in many situations, which is ultimately good for the consumer. To beat the competition, every company realizes that they must offer their own unique products and that in turn may well satisfy different insurance needs of different customers, potentially a best deal for everyone.

Insurance Advertisements - Ads of any products or services, insurance or otherwise, are necessary for information exposure from the standpoint of both a company and its potential customers. Depending on the scope of the intended awareness for a product or service, the medium for disseminating that information could be a sports sponsorship, a billboard poster, or a TV commercial and many insurance companies have certainly tried all that. For customers looking to buy insurance, knowing what insurance companies and what insurance products are available is only an early step towards further investigation in getting the best insurance rates. General insurance ads likely do not contain much of specific pricing information, but it is nevertheless one of the few deciding factors when settling on an insurance policy.

Shopping Around - The reason it is worthwhile to shop around is that for something you can’t get from one insurance company, you can almost be certain that you will get from another company, either because of competition or different business practices. Of course, there will be uniformity on certain issues across industry, especially if it is a regulatory concern. So coupled with the information you get from the insurance ads, make sure to check as many insurance companies as possible to uncover the best insurance rates. Besides, the Internet provides the most readily available source of information, many of which have the online insurance coverage calculator features that you can use for making comparisons to find low insurance rates.

Asking Questions -  Not only you need to ask questions to people you know who think they’ve gotten a pretty good insurance deal themselves, but also bring up tough issues to insurance companies that you consider buying policy from. Sometimes, it’s still vital to talk to a live person, especially when buying a policy online and the online form is not spelling out the concerns you have. We've learned the hard way these days that we can’t take all professional advice and what a company says at face value. There may be be hidden issues that are not revealed and can come back to bite you, unless you have asked beforehand. For example, if you decide to pay the insurance premiums in installments, be sure to ask whether there’s a fee associated with such a payment plan, as when there is one, the insurance agent may not voluntarily reveal it to you unless you ask specifically.

Don’t Over Purchase - For many people, it’s very tempting to buy excess coverage without really rationalizing about one’s wants and needs. Every additional coverage costs additional premiums, while it’s highly possible that some coverage you may never run into or even if you do, it may not worth having. For instance, you don’t need a peace of mind of having a roadside assistance, if you drive a brand new car as your roaring machine will not have any engine start or battery problems any time soon to stall you on the road. On the other hand, if you’re driving an old clunker, you don’t need a comprehensive and collision coverage, as any deductible you pay is likely to exceed the value of the whole junk. One way to get the best rate is to have a practical coverage at a sensible price by saving premium money from unnecessary coverage.

Friday, September 2, 2011

Cheap Car Insurance in Canada

Tips on how to pay less for car insurance in Canada:

Let's face the reality, car insurance in Canada is the most expensive insurance in the world and there are several reasons why it might be but it doesn't have to be that way. The following will give you some tips on how you can pay less for your car insurance premiums.

Higher Deductible = Lower Premiums
One of the easiest ways to save money on car insurance is to have a higher deductible. If you don't know what "deductible" means, in a nutshell, it's the amount of money you are willing to pay, to your insurance supplier, if you get into an accident to cover for your part of the damages. As an example, let's say you get into an accident and the damages are evaluated at $3000.00, if you have a deductible of $250, you will pay the Insurance company that amount and they will pay $2750.00 to the body shop to have your car fixed. It might be tempting to go for a lower deductible but the truth is the lower the deductible the higher your premiums will be. The common deductible for the average person is $250 but if you can increase your deductible to $500 or even to $1000 you will save a lot. To have an exact idea of how much less you would pay, always call your insurance agent as there is no Online solution that can provide an accurate estimate.

Drive Safely - Another way to save on car insurance is to have a clean driver record. The main reason why young drivers pay more for auto insurance is because they are not experienced therefore represent a higher risk to have an accident than older experienced driver. In addition, the gender will influence how much you will pay for car insurance in Canada, actually it's also the same case in the U.S.A. Young women will pay less than young men because, statistically young women drive more safely than young men. It goes without saying that if you drive carelessly and get speeding tickets one after another or get into accidents your insurance premiums will sky rocket, whether you are a man or a woman. In some cases, insurers might refuse to insure you because of that.
Sport car VS Regular - Another tip on how you will save on car insurance cost is whether you will drive a sport car or a regular car. Bigger engines means faster cars which translate to higher risk of having speeding tickets and accidents. If you are tempted to go for that sporty new car you might want to call your insurer first and see how much more it will cost you. Especially if your driver record is not clean you're in for a "bad" surprise. Just to be clear, driving a Sport car doesn't necessarily mean driving a Ferrari it means that most regular cars has a sport version so be advised of that when buying or leasing a new or used car.

Cheap or Luxurious Cars - The total value of your vehicle will also determine the price of your car insurance premium. For example: if you purchase a $50,000 car you will pay more for insurance than a $25,000 car. If you wonder why this might be, the reason is simple; In case of an accident, it will cost more for replacement parts to your insurance supplier if you own the $50k car than the $25K car. In a nutshell, do your due diligence and call for a quote to your insurance agent before committing, the difference in pricing might in thousand's of dollars per year so be careful.

To conclude, Car Insurance in Canada is mandatory whether you own a business or as an individual. As we saw in the above article: gender, age, price and type of vehicle will influence the cost of car insurance. Also, the deductible amount will greatly change the price whether you choose a higher or a lower deductible. Car Insurance might be confusing but it doesn't have to be, always consult with your insurance agent, to get a clear picture of your options.

Thursday, September 1, 2011

Lexus LF-Gh Hybrid Concept

For this concept, Lexus designers studied characteristics that are often considered contradictory and difficult to execute together. The captivating design of the LF-Gh concept examines the possibility of balancing what are normally opposing qualities, such as style and functionality.

Lexus has decided to pull the wraps off its LF-Gh – which stands for Lexus Future Grand-Touring Hybrid – ahead of its official debut at the upcoming New York Auto Show. Interestingly, Lexus itself describes the styling of its latest conceptual hybrid sedan as something of a contradiction in terms. Says Kengo Matsumoto, general manager of Toyota’s Lexus Design Division:

Expect such offbeat styling details to make an appearance on future Lexus production models, including what the company is calling its “aggressive and bold spindle-shaped front grille.”

As a grand-touring sedan, Lexus says the rear-wheel-drive LF-Gh will offer plenty of room for “multiple occupants at higher speeds on long-distance drives.” We don’t have any real detailed photos of the car’s interior, but the automaker claims it hints at “an all-new, future Lexus interior” that incorporates a new three-dimensional analog clock, whatever that means.

For this concept, Lexus designers studied characteristics that are often considered contradictory and difficult to execute together. The captivating design of the LF-Gh concept examines the possibility of balancing what are normally opposing qualities, such as style and functionality.