Maryland Auto Insurance Rate Comparisons

February 2nd, 2012 Chad Posted in States No Comments »

The State of Maryland is known for great seafood, baseball, and beautiful countryside. It is also one of only two states which does not allow credit scores to be used in determining insurance rates, so it is likely that you will receive lower premiums here than in other states if you have poor credit.

maryland auto insurance - freeway overpassAverage car insurance premiums in Maryland run $1,923.72 for one year, as compared to a national average of $1,436.87.

Within this average, however, there are several factors which will greatly influence how much you pay for Maryland car insurance.

1) Where you live. In Baltimore, the average cost for one year’s worth of car insurance is $2,496.64. In Columbia, the average was $1,966.08.

In Cumberland, the average was only $1,620 per year. Clearly, where you live in Maryland can change your average yearly premiums by close to $1,000 per year.

This is because those who live in the I-95 corridor or close to large cities traditionally have a higher number of claims and consequently higher premium rates.

2) Your age. Average car insurance premiums are figured for all age groups, so your rates may be much lower if you fall into a “good” age bracket, generally considered to be over 25 and under 65. Young drivers and the elderly can expect to pay far more in premiums.

3) Your driving record. Of all the things which influence your premium costs, this is probably one of the most important. A single speeding ticket or “fender bender” can shoot your premiums skyward, where they will stay until the incident “drops off” your record at the DMV.

4) How much coverage you choose. Maryland’s liability minimums are $30,000 for one person and $60,000 for one accident for bodily injury liability; $15,000 for property damage; and $30,000 per person and $60,000 per accident for uninsured or underinsured motorists.

Maryland is also one of the few tort liability states which requires personal injury protection, in the amount of $2,500 minimum. Personal injury protection, or PIP, pays for medical expenses for you or passengers in your car if you are injured.

You can choose to raise these minimum liability limits, and many people do. Since Maryland is a tort liability state, you are personally responsible for any damages over and above the stated limits on your policy, so if you own property or have substantial assets which could be seized by a plaintiff in a lawsuit, you may choose to raise your limits, and your premium prices.

Many people also choose to add additional coverage to their policies, such as comprehensive or collision insurance. These additions will increase your premiums, but will give you more coverage in case your car is stolen or damaged in some way.

5) Discounts for which you may be eligible. You can get discounts for insuring more than one vehicle, for combining your homeowners and auto insurance, or for drivers’ education, among other factors.

These discounts can substantially lower your cost of insurance and allow you to choose additional coverage or increase your liability limits.

You have a great amount of control over your Maryland automobile insurance costs by how much coverage you choose and the company you choose to carry your insurance.

Shop around for better deals with competitive insurance companies; you might be surprised how much you can save by doing a rate quote comparison with several companies.




Minimum Coverage Requirements for Ohio Drivers

January 31st, 2012 Chad Posted in States No Comments »

There are two ways for Ohio drivers to satisfy the state’s minimum requirements to show financial responsibility (FR) before driving a car.

cleveland, ohio - cars drivingOne way is to post a surety bond in a minimum amount of $30,000.

This is an option few people exercise.

The other way is to buy minimum insurance coverage which meets the state’s requirements.

In Ohio, the minimum requirements are as follows:

Bodily injury liability coverage –$12,500 per person or $25,000 per accident

Property damage coverage –$7,500 per accident

Obviously, these limits are not very high. It is very likely that a moderately severe accident could easily exceed $12,500 in medical bills or $7,500 in property damage.

Ohio is a tort liability state, which means that the driver who causes the accident is responsible for all damages, both physical and property.

At these low minimums, it is very possible that an accident could exceed your liability limits, in which case you would be personally responsible for the balance of the damages and would have to pay the difference from your own pocket.

There are a few things to consider when you are purchasing liability insurance in Ohio and deciding at what level you will set your limits. First, do you have property which a lawsuit could require you to liquidate? If your house is paid for or you own your car outright, carrying only the minimum liability amounts is probably not a good idea.

If the damages exceeded these limits, you might be forced to sell your house or car to pay a judgment. On the other hand, if you are renting an apartment and own no real assets, there is nothing for a lawsuit to take, and you could probably get by with lower limits.

Although theoretically a judge could garnish your wages to pay for damages, this rarely happens unless you were very negligent in causing the accident; for example, if you were driving drunk, your insurance might refuse to pay and you could be faced with some severe legal penalties.

If you feel that you are at risk with the minimum liability limits, it is easy to change them. Just tell your agent you want to double or triple your liability limits, and pay the premiums accordingly. Of course, it will cost you more for your car insurance, but this is far better than losing your assets due to an accident which you caused.

The other side of this coin is a situation in which someone causes an accident in which you are involved, and that person has only minimum liability limits.

If it costs more than $7,500 to fix your car, for example, and the person who hits you has only minimum liability coverage and has no assets, you could find yourself facing the unenviable job of paying for part of the damage yourself.

In this case, it is best to purchase “underinsured motorist” coverage from your own company. Underinsured motorist coverage is similar to uninsured motorist coverage; it provides payment to you if you are hit by a motorist carrying only the minimum liability requirements and your damages exceed this amount.

Uninsured and underinsured motorist coverage is often sold together as a single policy, covering both scenarios.

You can find out what your current liability limits are by looking at the declarations page of your policy or by contacting your agent.




Average Price of Car Insurance in Utah

September 1st, 2011 Chad Posted in States No Comments »

Drivers in Utah aren’t facing huge traffic levels or a state that’s particularly dangerous to drive in. The average cost of insurance in Utah is actually lower than it is for most of the country. The national average for insurance premiums is about $1441, but drivers in Utah enjoy rates that average out at about $1230. Here is some information you should keep in mind when getting quotes for auto insurance in Utah.

Minimum Requirements

Utah does require all drivers to have insurance. The minimum coverage levels include $25,000 per person for bodily injury and $65,000 per accident for bodily injury. The minimum coverage level for property damage is $15,000 and personal injury protection is $3,000.

No-Fault State

Utah is one of many no-fault states. Under this system each driver is covered under his own insurance, along with any passengers, regardless of who is at fault. Damage to property is paid for by the person who caused the accident. These systems are designed to reduce the number of lawsuits moving through the courts and so they greatly limit your ability to sue after an accident.

Choose Higher Coverage

Insurance is designed to protect you and your assets. It is vital that your insurance coverage levels be high enough to protect your assets in the event of a lawsuit. If you carry the minimum coverage of $15,000 for property damage and total out someone’s brand new Lexus, you will be responsible for paying the difference between that $15,000 and the $45,000 value of the Lexus. You could be sued and forced to liquidate assets to cover the costs. If you really don’t have any assets, you could find yourself having your wages garnished to pay for the damages. Choose property damage coverage of at least $150,000 and choose an even higher level if that is necessary to shield all of your assets.

While your own insurance company will cover your medical expenses in the event of an accident, they will only cover up to your personal limit. Your personal health insurance may refuse to cover any part of it because it happened in an accident. Medical bills can easily exceed $25,000 and then you will be left paying for the difference out of your own pocket. $65,000 for a per accident total can leave you extremely short for money to pay medical bills if you have a large family. Don’t take chances with the health and well being of your family. Increase your bodily injury coverage. It’s also a good idea to carry more than $3,000 in personal injury protection.

Discounts

Drivers in the state can take advantage of fantastic discounts to lower car insurance premiums. Here are just some of the discounts you can ask for when applying for your insurance.

• Multiple cars on one policy
• More than one insurance policy with a carrier
• Retirees
• Good students
• Air bags, anti-lock brakes and other safety features
• Being accident-free and violation-free for several years
• Driving a hybrid car
• Having a student of driving age that is away at school and not living in the home
• Prepayment discounts are available if you pay for your entire policy upfront.

Programs

There are also many programs that you can take advantage of. They are not offered by all companies, but here are some of the programs you can watch for when getting quotes.
• Accident forgiveness – Go more than a few years without any accidents or violations and you can take advantage of this program. When you do have an accident for the first time in ages you won’t have to face an automatic rate hike.
• Deductible Reductions – Many companies are now offering deductibles that automatically lower for every year you don’t file a claim or cause an accident.
• New Car Replacement – Some companies also offer programs that will replace your car with one that is slightly newer should it be totaled in an accident.

Providers

There are several companies that are licensed to offer insurance in the state of Utah. Here are some of the nationally recognized companies that are licensed to provide services in the state. All providers listed here have storefronts on the Internet where you can get accurate quotes in just a few minutes.

Farmers
Esurance
Travelers
Geico
State Farm
21st Century
USAA

In addition to the discounts offered through many of these companies, you can also save money by choosing a higher deductible. You do not want to scrimp on the coverage levels in order to enjoy lower premiums as this can leave you unprotected in a lawsuit or unable to pay medical bills.




Average Cost of Auto Insurance in Texas

August 10th, 2011 Chad Posted in States No Comments »

Texas is second only to California in the number of licensed drivers on its highways, at almost 13.5 million. California is the winner, with over 22.6 million drivers. Texans like to joke that turn signals give drivers clues as to your next move, and that “real” Texas drivers do not use them. With so many drivers on the road, the reality may not be if, but when, you will be involved in a traffic accident. Surprisingly, even with so many drivers, the average Texas auto insurance rates are actually reasonable.

Texas — Minimum Insurance Requirements

Each state has different minimum auto insurance requirements. Most require only liability coverage; Texas liability insurance requirements are 30/60/25. This is a shorthand way of saying you need liability insurance providing coverage limits of at least $30,000 for each person and $60,000 per accident for injuries, and $25,000 coverage for damage to property.

Coverage limits signify the highest amount an insurance company will pay out, regardless of the actual expense. The state of Texas does not endorse the minimum limits as adequate — you may need to assess your own situation and ability to pay for accident costs that exceed your insurance limits. Because of ever-increasing costs of medical care, some experts recommend 100/300/100 as a more protective level of liability coverage.

Additional Coverage Types

To adequately protect yourself, you may want to consider other types of auto insurance besides the basic liability coverage. Liability insurance pays for damage or injuries you cause to someone else, but does not provide money for you to repair your own car or cover your medical costs. Collision insurance pays for damage to your vehicle if you collide with another car or object.

Comprehensive coverage takes care of everything else – if your car sustains damage in a tornado, flood, fire or hailstorm it’s covered. Comprehensive also covers damage from hitting a deer in the road or from vandalism. Personal Injury Protection, or PIP insurance, covers your medical costs in an accident but is not necessary if you have a good health insurance policy from your employer.

Average Car Insurance in Texas

According to CarInsurance.com’s ongoing study of insurance rates by state, in 2011 Texans are paying $1,287 per year for auto insurance on average. This figure represents the cost of full coverage — meaning comprehensive, collision and liability insurance coverage. This compares to a national annual premium average of $1,436 for 2011. Auto insurance trends have been heading down over the last three years for most states, including Texas. In 2009, the average rate was $1,809. The average fell to $1,518 in 2010.

The Texas Department of Insurance provides a tool for state residents to get an idea of the cost of the liability component of auto insurance based on different zip codes, credit ratings, marital status, age, driving record and other factors that insurers consider when pricing insurance policies. The tool, located at the state-sponsored HelpInsure.com, allows you to enter your information and get an idea of what average auto insurance liability coverage might cost you.

For example, we entered the following characteristics — a male, married driver living in Houston, zip code 75844, age between 25 to 65, with good credit. Our prototype driver selected liability coverage limits of 100/300/100. He drives a 2007 Ford F150 truck, to and from work, and has a clean driving record. The tool return sample insurance rates from 42 different insurance companies and includes the insurer’s credit rating and a complaint index, representing how many consumer complaints the company has received.

Additionally, the tool shows the insurance companies’ rate change trends over the last three years, by year. For our hypothetical driver, the lowest rate came from Fireman’s Fund Insurance Company, with an annual cost of $256, an “A” credit rating and a zero for the complaint index. This number represents strictly liability coverage; adding comprehensive, collision and any other types of coverage will increase the rate.

Finding the Best Insurance

Most of us are not independently wealthy, and there are better things to do with your money than paying more than you need to for auto insurance. Everyone has a unique combination of factors considered by insurers, so you could get substantially different rates than your neighbors or extended family members. Additionally, each insurance company uses its own “secret” methods for calculating risk and weighting certain factors more than others.

This means you might find dramatically cheaper rates, just by getting a few quotes. It’s a good idea to get quotes every six months. Imagine if you were still paying the 2009 average of $1,809 today, even though in 2011 other Texans are paying an average of $1,287 per year. That savings is a new iPad, and all you need to do is request a few quotes to find cheaper rates. The best part is that quotes are so easy to get now. Just enter your zip code on our website and you can have quotes to compare in about 10 minutes.




Auto Insurance Quotes in Pennsylvania

August 8th, 2011 Chad Posted in States No Comments »

Pennsylvania, formalized as a state in 1681, was one of the nation’s first to be settled. Today, the state’s population numbers over 12 million residents, with the fifth largest driver population in the country.

With this many drivers, it might surprise people to find that Pennsylvania roads are safer than average according to the National Highway Traffic Safety Administration. Per 100,000 population, Pennsylvania had 9.96 traffic fatalities in 2009, compared to 11.01 for the U.S. The number of fatalities has also dropped each year since 2005, helping Pennsylvania auto insurance rates to fall below the national average.

Pennsylvania Auto Insurance Requirements

Each state requires certain auto insurance coverage for each registered vehicle and licensed driver. Pennsylvania requires drivers to carry liability insurance with minimum coverage limits of 15/30/5. This means $15,000 of bodily injury per person or $30,000 per accident, and $5,000 for property damage. Pennsylvania also requires PIP, or Personal Injury Protection, for $5,000. This coverage also goes by First Party Benefits, or FPB. Some states may allow drivers to meet the medical coverage requirement with employer-provided health insurance, if the coverage is adequate.

Coverage Types

Each type of auto insurance provides coverage for specific types of damage or injury. Liability insurance does not cover the policyholder; it covers only the other party’s damages. PIP insurance covers medical costs for the policyholder and his passengers. Comprehensive coverage takes care of damage caused by non-collision events such as floods, fire or vandalism. Collision insurance pays for damage caused when your vehicle collides with another vehicle or object. Car finance companies usually require comprehensive and collision coverage as part of their finance contract. Some drivers add on uninsured motorist protection, which covers the policyholder in case a motorist causes an accident and cannot pay for the damages.

Teen Drivers

Pennsylvania’s teen drivers take part in a three-stage driving program, helping them experience progress gradually into safe, confident drivers. The stages include six months of skill building before a teen can qualify for a driver permit. With a permit, the teen must have an over-21 driver in the car at all times and accumulate 50 or more hours of supervised driving practice.

Stage 2, the junior license, allows teens to drive alone, but they must not drive after 11:00 p.m. or before 5:00 a.m. Teens may only have as many passengers in the car as the number of seat belts available. The third stage, an unrestricted license, is available when teens turn 18 and have completed the previous requirements.

Graduated drivers licensing for teens provides more oversight and guidance. According to Philadelphia’s “The Inquirer,” teen driver fatalities have dropped approximately 24 percent statewide from 2005 to 2010. This important change saves lives and may reduce car insurance premiums for teenage drivers.

Discounts

When getting insurance quotes, ask about policy discounts. Many insurance companies offer at least some type of discount, although they may not give it unless asked. Good driver discounts are popular, as well as good student discounts. Recently, insurers have begun providing premium reductions or a shrinking deductible over time for good driving behavior. Some companies also reward policyholders for paying a full year up front, or paying monthly premiums through an auto-deduction from their bank account. Finally, adding more cars to the same policy or combining your auto insurance coverage with another type of coverage such as homeowner’s insurance saves money on premiums.

Pennsylvania Average Premiums for Auto Insurance

According to CarInsurance.com, Pennsylvania, drivers pay an average of $1,353.56 for standard insurance coverage per year as of July 2011. This compares favorably to the national average of $1,436.40. The trend in prices has been heading slightly down for most of 2011, although drivers in urban areas of Pennsylvania continue to pay higher premiums.

Philadelphia, the largest city in the state, costs drivers an average of $2,313.05 each year for insurance, while drivers in Pittsburgh pay a much more affordable $1,459.69. These amounts provide a frame of reference, but each driver has his or her own set of unique circumstances that may result in different premiums.

Shopping for Pennsylvania Auto Insurance

Many of the largest insurance companies provide coverage in Pennsylvania. This includes GEICO Auto Insurance, Progressive Car Insurance, State Farm, Allstate and Liberty Mutual. Esurance.com is another online quote provider that returns several quotes based on the consumer’s provided information. Obtaining several quotes is the easiest way to find lower rates. Insurance companies use their own algorithms to evaluate customer risk, so different companies may price the same driver differently. It is worth the minor investment to shop around for the lowest offered rates.

Pennsylvania Auto Insurance Quotes

Free online quoting tools make it simple to get quotes for auto insurance carriers licensed in Pennsylvania. Many auto insurance websites provide a simple quote form to complete online. Consumers should be aware of how much, and what types of coverage they need. While going through the quote process, some insurance companies will also provide tips to reduce premiums, such as recommending discounts or higher deductibles.




Cheapest Auto Insurance in Boise–Who Has It?

July 31st, 2011 Chad Posted in States No Comments »

If you are looking for affordable car insurance in Boise, Idaho, you have several options. There are many national insurance companies doing business in Boise, many with their own offices. There are also independent agencies that offer a variety of companies’ products. You can also do an internet search to obtain quotes from many different agencies. A short time spent looking for a low-cost policy may save you hundreds of dollars every year over your current coverage.

There are four major insurance companies with offices in Boise. State Farm, Allstate, Farmers, and American Family all have multiple locations in the Boise area. You can drop by any of these offices to talk about your insurance needs, or visit www.autosinfo.com to find a listing of all the available agents.

If you decide to visit agents in person, take your driving record information with you and be prepared to visit at least three different companies so that you can compare rates. Some people prefer this method, as you can meet the agent and assess his or her personality and how comfortable you feel dealing with the office and staff.

If you do not want to make personal visits to these agents, you can do a great deal of research on the internet. Each of the above companies has a web site through which you can obtain a quote and a referral to a particular agent. You can also broaden your search to include some internet-based companies that do not have local agents.

Besides the company-specific web sites, which can be found by searching for “Boise Car Insurance,” you can find comparison websites such as www.lowpricedautoinsurance.net. These web sites do not serve a specific company, but instead provide search engines for consumers to compare rates among several companies at once. You will be asked for your zip code and identify information, as well as facts about your driving record. Companies will then respond to you based on your input and quote you a price for your coverage.

Boise is the largest city in Idaho, so rates are higher there than elsewhere in the state. However, Idaho, in general, has lower rates than other locations in the country. The average cost for coverage in Idaho is $1069, about $400 below the national average. However, rates are highly individual, based on your driving record, age, and the car you are insuring.

If you are a state or federal employee, or work in a service industry such as law enforcement, fire and rescue, or teaching, you may qualify for special discounts on your insurance. Be sure to talk to your proposed company about these discounts.

Also, you may qualify for discounts based on driver’s education courses and other voluntary actions you take, so be sure to note these on your application. Finally consider your current policy and the deductibles and liability limits you carry. Be careful to note the policy limits and deductibles on your quote; sometimes insurance companies offer you a lower price by giving you less coverage.




Car Insurance Companies in Georgia

February 16th, 2010 Tammy Posted in Insurance Companies, States No Comments »

When it comes to having the most peace of mind possible, you will want to be certain that you take the time to find the best car insurance company to allow you to do so. It can really be a challenge to find a car insurance company you will trust, but it will be well worth it in the end.

So, if you are looking for car insurance companies in Georgia, you will want to consider many things. One of the first things you will want to consider is if you want to go with a large company or a smaller one. This is a huge consideration for most people and one that will really be one that may affect you for a long time. This is why it is such a great idea to get the best price on insurance and with the best company.

When it comes to car insurance companies in Georgia, you are very likely to find there are some that will offer you more benefits than others and that by far is the best way for you to really get the absolute best deal you can. If you want to make certain that you get the deal to allow you the greatest insurance down the road, you will want to be certain you do your homework. This is very important.

There are many large companies, that you may wish to go with to get the insurance that you want, but you really need to check into their history as well. If you do not, it can impact your decisions down the road and this is never a great idea.

When you are deciding about the company you wish to go with, you will want o consider many things. For instance one of the things you will wish to consider is exactly how well the business has operated in the past. You can easily check on how they may have paid in the past and this will help you to determine how well they will do for you. It all depends on how well they may have paid the claims as to how you will like them as well.

Large companies, such as Nationwide, All State and many others have been great companies to do business with and you may seriously want to consider using these companies for yourself in the future. If you are looking to improve your peace of mind and get the best possible coverage you can, it’s a good idea to spend some time looking at your insurance company.

You will be surprised how car insurance companies can vary depending on what they offer the customer. However, you are certain to want to take the time to look at all aspects of the company prior to investing in it that is for certain. It is never a good idea to just go with the first company that comes to mind.




No Time For Driving School? No Problem

September 13th, 2009 insuranceposter Posted in Costs, States No Comments »

Keyboard 2In New York State, there’s a new kind of driving school, and it’s geared toward adult drivers who want points removed from their license for past traffic infractions and/or who want to see lower insurance rates. These lower rates generally come along when a person goes to driving school and can prove successful completion of it.

By keeping that in mind, motorists can save a lot of money. However, not everyone has time to go to driving school, and the people who work all day and have families and are busy can now make the choice to go to driving school online, in the comfort of their own home. When they do that, they use a computer program and steer a virtual car around obstacles.

They go through exercises, ‘drive’ a car, answer questions, and have a specific period of time in which to complete the program. When they do, they get proof of that. They can show that proof to their insurance company and to the drivers license bureau, allowing them to improve their driving record if need be, and also allowing them to save more money on their car insurance. In tight economic times that’s a real boost, and the class only costs around $50. By learning how to drive more safely the chance of an accident is reduced, and that’s well worth the price of these kinds of driving schools.




Choosing The Right Deductible For Your Car Insurance Needs

September 10th, 2009 insuranceposter Posted in Costs, States No Comments »

car-insurance-deductibleOnce you have determined the right type of insurance policy for your needs you will need to determine where to set your deductibles. This is important because it will determine the rate of your monthly insurance payment. If you pay a higher deductible in the event of a claim, you will be charged a lower insurance premium. This is because you will present a lower financial risk to the insurance company. If an accident occurs, they will be responsible for less of the financial damage.

A lower monthly payment may be exactly what you are looking for as well, but you should keep in mind that you will have to pay the deductible if an accident occurs. The monthly payment will come routinely while the deductible will have to be paid out only in the event of an accident. When you choose your deductible, therefore, make sure you consider exactly how much of an accident’s costs you can afford to absorb into your own finances. The reason you have insurance after all is to protect you from the largely unforeseen costs of an accident. You should also consider your state’s laws regarding car insurance when making this choice. You probably want more than the minimum amount of coverage required because in a state where they only require liability, like Illinois, you may find your self underinsured in the case of an accident.

You can then raise your deductible to help offset the cost of better coverage. Choosing your deductible is a balancing act. Make sure you plan your expenses so that they are manageable on both the monthly and the deductible fronts.




Where Can I Get My Car Insurance Questions Answered?

September 9th, 2009 insuranceposter Posted in Costs, Insurance Categories, Insurance Companies, States No Comments »

car-insurance-questionsThere are several ways to get the information that you need to answer your questions about car insurance. Begin by doing research, there is a great deal of helpful information regarding car insurance available on the internet. There you can find consumers like yourself as well as the opinions of experts. Sometimes you can even find them side-by-side. Most car insurance companies also have some sort of webpage dedicated to answering car insurance questions. It will either be in the form of a frequently asked questions page or a blog on car insurance topics. You should also use the resources available to you at home. Your friends and family members may have knowledge and experience regarding car insurance that you do not. For questions regarding state specific laws, you may want to contact your DMV.

Every state has widely varying rules regarding car insurance, so whether you are in Maryland or Michigan, you should make a point of finding out what they are. Finally, if you have a question that is specific to a policy or claim, you should contact either your insurance company or your insurance agent to receive clarification. These people are the experts on anything to do with the company’s insurance policies. If they cannot help you themselves, they will be able to refer you to someone who can. It is in their best interest to make sure that you are a properly informed consumer.