The NHTSA carries the basic responsibility of ensuring the majority of vehicles on our roads are safe. This is the FDA for vehicles, but like food and drugs, it only tests at point of delivery. If you fail to look after the vehicle, that’s your problem. So, if you go over to the safercar site, you will find the 5-star safety ratings for all the crash and rollover resistance tests. The NHTSA also liaises with the manufacturers to decide when there should be recalls to fix design defects. In theory, this gives you protection and ensures all the new vehicles coming on to the roads will be safe to drive. All this work of formal testing is, of course, watched by the insurance industry with interest. They prefer people to drive safe vehicles. Thus, the premium rates carefully match the safety test results from the NHTSA. If you buy a small vehicle that’s likely to crumple on impact and trap you inside, this means more claims for driver and passenger injuries. Equally, if you drive something designed to crumple on impact to absorb the energy from the crash and so protect those inside, this is likely to mean your vehicle will be uneconomic to repair – again something that makes the claims more expensive. Essentially, the insurers prefer you not to crash. But if there’s no avoiding it, you should be driving something that protects you and resists damage. In setting the rates, the insurers assume you have not changed the basic specification of the vehicle. But if you invest a little money and make your vehicle safer, you can earn discounts. Although it’s an extreme example, we should mention back-up cameras. The NHTSA reports an average of about 290 deaths and 18,000 injuries a year when drivers back over children and seniors. There’s a proposal to force all manufacturers to instal cameras from 2014 onward. here are blind zones all around a vehicle and fitting better mirrors or cameras reduces the risk you will collide with other vehicles, pillars, posts and people. At present, this does not qualify for a discount but it may be a good idea. Most vehicles now come with anti-lock brakes and airbags as standard. These both qualify for discounts so make sure you are getting them. If you fit automatic seat-belts this is rewarded, as are any measures to improve security. All steps to reduce the risk your vehicle will be stolen or, if it is stolen, allow the police to recover it, will earn a discount. LoJack has a 90% recovery rate. Insurers like it. Whatever you are planning, have a look at the questionnaire you complete to get your auto insurance quotes. That gives you the first indication of the discounts. When you have the quotes, talk to the companies offering the lowest rates and see whether they will advise on what else to fit. Do not accept auto insurance quotes as carved in stone. When you talk to people, you will often discover more about the discount policy and save money.
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For most people, especially car owners, it’s quite evident that having their vehicles insured is a required measure that will save a lot of time and money if something bad happens on the road. In most cases when purchasing a vehicle, especially with a use of auto loan, the insurance policy comes with the car itself as a requirement. But not many of those car owners know that they can simply switch to another provider or modify the policy when its term expires. And that could mean a lot in terms of money. In fact, there are numerous insurance companies that you can buy insurance from, and their rates differ just as the prices on autos at different dealers. It all boils down to shopping around and defining your insurance needs. There are companies that will offer low rate services, but their customer support will be weak and they won’t process your claims rapidly. Other companies will have great 24/7 services but their rates will bite your wallet hard. In the end, looking for the cheapest offer might be not the best idea and you will have to take other important elements in consideration besides the price. Here are some things to think about when choosing insurance for your vehicle: The rates you get from the insurance company are based on your age, gender and driving record. If your driving record is clean of accidents and traffic violations then you are very likely to get lower rates than your peers with accidents behind them. That is because insurance companies tend to charge less those drivers who do not pose a great risk to the and have a low probability of filing a claim. And the longer you keep your record clean the lower your rates will be over time. For some drivers switching between companies on a regular basis is nothing extraordinary. And while there’s nothing wrong with that, as you simply don’t have a better way to find cheap auto insurance solutions, there are certain downfalls to that. Most auto insurance companies tend to reward their customers for long term relations and offer substantial discounts to those who stay with a single company for a longer period of time. So it sometimes pays to have higher rates and good services initially and then opt for a discount after you have stayed with the company long enough . Those who have more than one car should insure them all with the same providers. Insurance companies tend to offer good discounts for multiple car owners, especially when they get other types of insurance from them too (homeowners, health, life, etc.) Improve the safety of your car if possible. Installing additional anti-theft and safety features and telling your insurance company about them is a sure way to get cheap auto insurance. However, make sure to ask your insurance agent about the measures that are identifiable by the insurance company in order to avoid buying devices that the insurer won’t regard as an acceptable safety feature. |
AuthorI am student who did some research on Insurances and Posting what ever Info i got from Internet . Please Check with respective Policy before Buying. Archives
February 2018
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