What Changes Should You Make To Your Auto Insurance Policy
Reader’s Question:
What do I have to know before I make any changes on my auto insurance policy. How do I go about doing it? I’m thinking of contacting my auto insurance company in Brandon Florida.
Christian
Brandon, FL
If you purchased your auto insurance policy from a broker, go to your broker’s office. The broker will make the change request in writing and faxes or mails it to the corresponding insurance company. Your broker can also process the change request through the company’s website or can call the insurance company directly and request the changes on your behalf.
If you’re making changes to your policy that will generate additional premium, you may have to leave a premium deposit. Some brokers may charge an endorsement fee which is charged as a fee for the broker’s assistance.
Always make sure you know when the changes will take effect. If you do not receive instant proof of insurance, your changes will most likely not going to be in effect until the endorsement request is processed by the insurance company. That may take up to 30 days depending on your auto insurance carrier.
If you purchased your policy directly with an insurance company in Brandon Florida, you can possibly make changes by phone, by fax, or in person. Most direct companies will process your changes immediately since there is no middle man required between the insured and the auto insurance carrier.
If you purchased your policy online, chances are that you can request your policy changes without having to visit a local office location. Normally you can make your changes online in “real time” which means your changes are processed instantly.
Do You Need a Cheap Non Owner Auto Insurance Policy?
Reader question:
How much does a non owner auto insurance policy tend to cost?
Greg
Thank you for your question, Greg.
Naturally, this price will vary depending on what vehicle insurance company you go with, but I would say that the typical non owner auto insurance policy costs slightly more than a regular car owner auto insurance policy. The reason for this lies behind the fact that it is a specialty policy and does not have a vehicle attached to it, and a vehicle is normally a very big factor in the insurance score of a person that determines how high or low their car insurance premium will be. A person with a non owner auto insurance policy will be using various vehicles, all with different safety and theft ratings.
Just like with a regular vehicle insurance policy, though, you can get discounts and cheap car insurance rates on your non owner auto insurance policy. The way to do this is much the same. You raise your deductible, you get a good driver’s discount, and you purchase all of your insurance policies with the same company so long as it is possible. Non owner auto insurance does not have to be expensive, and it is well within the reach of many who cannot afford to own a car.
Cheers,
Fashun Guadarrama.
Can You Get a Teacher Discount For Car Insurance?
Reader question:
I drive a lot because I am a theater teacher and I haul my students around to view plays, to the Renaissance Fair, to perform and all that. Is there some way that I can make my car insurance rates lower?
Margie
Glad you asked, Margie.
Before I get into the meat of the question that is most specific to you, I want to inform you of several other discounts that you might be abler to get for your discount car insurance policy. First of all, do you have a pretty good driving record? IF you don’t have any traffic violations in the last three years, most car insurance companies will give you better ratings for that. What about your car? Does it have various safety devices and anti theft devices installed? Anti theft and safety measures can also get you discounts. Obviously you wouldn’t qualify for the low mileage discount, but if you are a teacher of mathematics then you could probably get a good discount from 21st century, which gives fifteen to twenty percent off for people who have degrees in mathematics, engineering, and the like.
However, as a teacher you have a more specific discount available to you if you belong to a teacher’s union such as the National Education Association, or NEA. Granted the discount that you usually get on a one car auto insurance policy doesn’t reach far enough to cover the actual fees for being a member of the union, but there are plenty of other perks of being in the union that will probably make up for it, and when you have more than one car on your policy the real saving start.
There are some requirements, usually. You have to be either a full time college professor, or you have to be a teacher with state certification. If you meet all of the requirements, your car insurance discount could be as much as thirty percent.
Cheers,
Fashun Guadarrama.
Can An Insurance Company Cancel My Policy In Texas?
Reader question:
Are Texas car insurance companies allowed to cancel my auto insurance policy if I get ticketed for speeding?
Bruce
They are, yes.
Car insurance companies accept their customers based on a certain criteria, and you can’t expect a car insurance company that did not give policies to high risk drivers to begin with to continue to let you have a policy with them if you move into the high risk driver group while you are there. While it is not true that these companies will always, without fail, find out about any of your car traffic infractions, for the most part they check your driving record regularly, so if it comes up they can cancel or refuse to renew tour car insurance policy.
For the most part, this only happens if you get the ticket within two months of having gotten the policy to begin with. For example, if you get a ticket later on in your policy cycle, they might let it slide. The only reason that most companies will cancel during that time is if you don’t pay your premium as scheduled.
Also, if it is your first speeding ticket, for the most part your car insurance company won’t cancel or not renew your policy for just the one. While Texas is not among the states that have laws making it to where they cannot cancel you for one ticket, most car insurance companies still see letting the first ticket go as good business practice. If you get more than one speeding ticket during your premium period, though, you’re pretty much guaranteed a non renewal.
If you want to avoid getting high rates or policy cancellation, Texas offers defensive driving classes that you can take in order to get these offenses wiped off of your record.
Cheers,
Fashun Guadarrama.
How Do I Save Money On My Current Auto Insurance Policy?
Reader question:
How do I save on the car insurance that I already have?
Luke
Great question.
Let me keep this simple and quick. There are so many ways to save on car insurance that you wouldn’t believe, but the easiest ways are the following three.
- Jack up your deductible. Getting a low deductible brings higher car insurance premiums, and considering that you will rarely use that deductible, it just doesn’t make sense to be paying so much over time to pay a smaller price one time. Instead, keep out of your car insurance claims office when it comes to fender benders and save it for the serious stuff. Raise your deductible and make sure you have money set aside to pay for it should you ever have to make a claim.
- Get rid of what you don’t need. A lot of people end up paying too much on their car insurance premium because they have coverage that just isn’t necessary. You can save a lot of money by going down to just the state minimum on your car insurance and getting rid of things like collision and comprehensive. As a warning, though, only do this if your car isn’t big on value. If you have a car that is worth a lot, stick with the bigger amount of coverage.
- Discounts! There is a plethora of discounts out there from everything ranging from your report card to your air bags, and depending on the company, in some cases you could save more than three fourths the amount of your premium. It’s worth looking into if you have the qualities typical of a responsible driver, considering that you could save so much.
- Shop around. You could get a much cheaper price than you have right now just by getting a free online auto insurance quote and comparing the quotes from different companies to see who is best in price with the most value.
Cheers,
Fashun Guadarrama.
Will My Car Insurance Company Pay If I Get Sued After a Car Accident?
Reader question:
If I have car insurance, then I can’t get sued, right?
Rupert
Wrong.
Unfortunately, the possession of an auto insurance policy does not keep you from getting sued in the event of an accident. There are some states where you cannot be sued, and these are called no fault states. In those states, suing is prohibited for car accidents regardless of who is at fault. Most states, however, are tort law states, and some even have a mixture of no fault and tort law, so depending where you live the answer to this question could be different.
On the bright side, if you do get sued you aren’t exactly just left in the lurch. Having car insurance, you will be provided with the money and resources from your policy to help you defend yourself against the lawsuit, so it is definitely advisable to be insured on your auto for that protection and much, much more. Always get a free auto insurance quote so you can find out which car insurance company offers you the best help for the best price.
Cheers,
Fashun Guadarrama.
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