Car Insurance News People Wary Of Data-Driven Insurance Rates

Recent car insurance news indicates that more and more people are wary of having car insurance rates dictated by updated driving data coming from drivers. This according to a survey recently given among drivers to determine whether they approve of insurance rates being dependent on driving data being collected from them via a device installed into their cars.

Several insurance companies have suggested on basing insurance quotes and rates on the updated data that they collect from drivers. This can be made possible by installing a device or a computer chip into vehicles that can record and send data about a car owners driving behavior. The survey showed that just over half of the respondents agree with setting car insurance rates by evaluating actual driving data via on-board telematics devices plugged directly into the electronic port of cars. Not only are current driving behavior data being collected, but also the drivers accident and traffic violation history may be used to help set rates. This recent car insurance news may just someday change the way insurance providers set an individuals car insurance rate.

But on the other hand, there is also the other half of consumers that may be concerned of such actions made by the car insurance companies. By taking data directly from vehicles and collecting information such as speed, mileage and even braking data, some consumers are concerned about a possible invasion of their privacy.

Top Tips For Short Term Car Insurance

Short term car insurance was originally conceived for the franchise motor industry and it is a valuable product that enables people to be insured to drive a specific vehicle for a very short amount of time. This can be used after purchasing a car an insurance policy takes a certain amount of time to be processed. Short term car insurance can also be used of another driver needs to be temporarily insured on a vehicle.

As with any insurance or car hire it is essential to be aware of various issues before signing on the dotted line and this article focuses on the essential things to remember when booking short term car insurance.

Remember that although you can get fully comprehensive insurance it does not necessarily mean that it covers you for every vehicle in every situation. Make sure that you clarify what the short term car insurance policy covers you for and ensure you have the difference between third party and fully comp absolutely clear. It sounds obvious but it does happen a lot.

Florida Auto Insurance

One of the first things a Florida auto insurance company is going to ask you about is the annual deductible you would like to select. The deductible refers to the total amount you would be required to pay out of pocket before your insurance coverage would begin. The amount is generally expressed in both an annual amount, and per incident, or per accident amount. To reduce your annual auto insurance payment, select the largest deductible your budget will allow.

Policy Features and Benefits
Florida sets a minimum amount of auto insurance coverage that each driver must obtain. But, many drivers increase their level of auto insurance coverage as well as add features and benefits that are important to them to their policies. Some of the most common additional features and benefits include:

Emergency Roadside Assistance – This policy feature provides assistance in the event that your car breaks down on the side of the road.
Towing Coverage – Will pay for the cost to tow your car to a repair facility
Rental Car Coverage – Will provide a daily allowance for a rental car while your car is being repaired following an accident.
Uninsured Motorist Coverage – If you live in a state with a high percentage of uninsured drivers, you may want to consider this added policy feature. Uninsured motorist coverage provides added financial benefit for you and your vehicle in the event that you are in an accident with a motorist not carrying insurance.
Each of these policy options will add cost to your annual premium. So, be sure to discuss each option with your insurance agent before completing the underwriting process to ensure that you are getting the precise level of coverage you desire.

Auto insurance saving tips for individuals read before you select an insurance policy

Every single person with a minimal income owns a car nowadays. Car was a luxury commodity in earlier times – very few people were able to buy it. Today it has become an essential commodity with almost every one purchasing a car for their comfort and needs. Different car manufacturing companies are offering various installments schemes for customers. With the help of an easy installment plan, anyone can purchase a new car now. It is always best to invest in a car insurance policy when you have a car of your own. There are different plans and policies for you to choose from. A car insurance policy will help the car owner to protect his or her losses. In case of accidents, auto thefts, or other related car problems – the insurance policy gives the insured person a much needed financial support.

In the market there are several insurance companies present today. Each and every company is fighting among themselves to be the best and number one company. In order to gain more and more number of customers, every company is trying to provide the best car insurance policy to their customers. If you are interested in a car insurance policy, then ask for insurance quotes from different companies. Fill up the form with your basic information and ask for an insurance quote.

You can ask for insurance quotes from more than one company. Compare these quotes yourself or with the help of online websites or tools. Select the best suited plan for your car and yourself after researching carefully. Do not make haste judgments in case of insurance plans and policies. Read the terms and conditions carefully before signing any papers. If you need saving tips on auto insurance policies then ask a knowledgeable person or a reliable agent.