Monthly Archives: December 2014

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Driving Toward Big Savings With Auto Insurance

Insurance is full of very complicated terminology and wording that is regarded as complex. This can seem like a jumbled mess sometimes. If you read this article, you can get a better grip on the specialized terminology you will need to talk to an insurance agent on her own terms. By knowing these terms, you can make better decisions when buying an auto policy.

Be sure to shop around prior to buying an insurance policy. Each insurance company will focus on different factors when deciding the cost to you. Getting multiple quotes is the best way to find a policy that fits your budget and your needs.

Believe it or not, the amount you drive can affect your insurance premium. Less time behind the wheel can mean a lower premium for you.

Keep a clean license. Your insurance will be very expensive if you have a lot of traffic citations and accidents on your driving record. If you have had tickets or gotten in accidents in the past, going to driving school may help to lower your insurance rate.

Bodily Injury

When shopping for auto insurance, be sure to know the different types of insurance coverages. There are many things that go into your final cost of insurance. If you cause an accident that results in the death or bodily injury of another person, bodily injury liability insurance will protect you financially.

When getting aftermarket additions, it is important to find out what your car insurance will pay for, should it be stolen. In a lot of cases, insurance companies do not cover these upgrades. They only consider the added value to the entire car.

Hopefully, you understand many of the most common insurance terms, and you’ll be able to find an auto insurance policy that best suits your situation. Learning all that you can about your options is the most effective way in overcoming your confusion around auto insurance.

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Buying A Car That May Be A Couple Years Old Can Save You A Lot Of Money

Brand-new cars are very attractive especially sitting in one for the first time however there are good reasons to purchase one that is a couple of years old. My nanna told me years ago that I should never buy a new car. Her recommendation seemed to be to find a car that had not clocked up a lot of miles and was around two years old. Based on her thoughts, whatever car I acquired should be operating well and if there had been anything needing attention, this would already have been carried out.

Those rules are something I still follow today as they are sensible and in buying an older car there are other considerations that add weight to this argument. I am going to now verify the savings that can be made any time you buy a car that has been on the road a while and yet still relatively new.

Immediately after buying a new car, it can be worth a few thousand less immediately after you leave the car showroom and is something you may not have considered. It could be that you believe you have bought a car that is good value for money if you paid $25,000 for instance but in reality you haven’t. Once you drive that car away from the lot it could possibly now only be worth $20,000. This means that in a matter of a minute or two and a few miles you just erased $5,000.

If you think maybe I am just exaggerating, go and buy a new car. If you do, only travel in it straight to the house. Then the subsequent day bring the car back in the dealer and see how much you can get for a trade in. More than likely for that $25,000 car you purchased yesterday they will only offer you $15,000 to $20,000 for the trade in value.

Over the years this has been the normal way of doing things. There are instances now where for as much as 30 days a dealer will give you the full original value back if you are trading in your car. But the moment those 30 days have come to an end, you are out of that $5,000 no matter how you look at it. This deficit might be greater if merely selling the car is something you are considering.

A two year old car is not going to suffer that kind of loss when you are purchasing it from a car dealer in the same way. Not to mention like my grandmother pointed out, any glitches the car may have, will have been figured out by then. The contrast between a new car and a used car with not a lot of miles, is in favor of the latter on this basis.

Thus when getting a new car, these are all aspects that you need to consider. You may have to sacrifice the attraction of a new car to wind up with the most cost effective transaction.