Comments on: Cheap auto insurance on your new car – is it worth it?

By: ca car coverage

ca car coverage — Thu, 21 Apr 2011 07:59:29 +0000

Having full coverage car insurance is a must. Like most auto loans, a car refinance loan is secured by the vehicle. If the car is stolen, involved in an accident or otherwise damaged then you would be required to repay the loan without use of the vehicle or its market value. Lenders know that repayment under such circumstances is usually too great a burden for the borrower and will have a difficult time being repaid on the loan. Requiring insurance protects both the lender and the consumer.

By: Fred Laakso

Fred Laakso — Wed, 28 Apr 2010 23:26:26 +0000

Auto insurance is such a ripoff. They charge you an overblown amount, and then when it’s time to get your car fixed when someone crashes into you, the insurance company is nowhere to be found.

By: Steve Cypher

Steve Cypher — Tue, 24 Feb 2009 14:04:49 +0000

Thomas,
Thank you for the information. The insurance document is a real eye-opener. I have also removed the links to the two posters sites – I don’t know how I missed them.

By: Thomas

Thomas — Tue, 24 Feb 2009 13:37:57 +0000

How convenient two of the posters have sites you can go to in order to get quotes. Whatever.

Do some REAL research. Especially those in Michigan. Read this report put out by the state:

http://www.michigan.gov/documents/cis_ofis_autogd_24037_7.pdf

Pay special attention to pages 7 and 8 that lists the insurance companies and their discount rate structure. Then look real close at the last column. The one labeled “Claim or Ticket Free”. The most important column when it comes to auto insurance one would think. Guess again.

You’d be amazed at the number of insurers who place more emphasis on your credit score, moving your other cars and insurables to their company, and other irrelevant criteria other than your motor vehicle record.

And don’t believe that BS hype they spew about persons with better credit don’t commit insurance fraud as often.

By: Max

Max — Tue, 21 Oct 2008 09:24:29 +0000

“Thanks for the providing good information.I will also suggest to consider buying an auto insurance for your car as it has become inevitable to buy auto insurance these days.

By: amurgrades

amurgrades — Sat, 16 Aug 2008 13:43:00 +0000

Clearly. Thanks!
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By: ltr

ltr — Tue, 22 Apr 2008 01:52:39 +0000

Agree with the previous commenter. Most people stay with the same insurance company their entire life. This can be costly unless your insurer gives big customer loyalty discounts. If you shop your rates around and raise your deductibles slightly, you may be able to get full coverage with one company for nearly the same price as partial coverage with another. Do your homework.

By: Anonymous

Anonymous — Wed, 23 Jan 2008 19:24:37 +0000

I recommend quoting multiple online carriers as well as local agents to get the best rate on car insurance. Just make sure your liability limits are identical as well as your deductibles so you have apples-to-apples comparisons to work with.