What is Auto Insurance??

Do you know the exact meaning of auto insurance??

Are you confused about all the details in your auto contract and want to learn auto insurance? Here are some easy-to-understand, simple and time-saving ways to learn. Try these and you will be educated regarding an important issue of your budget.
Below are some stepwise instructions which will guide you:

1. First and fore mostly refer the Insurance Information Institute which is available at the website www. Iii. Org. This is fully dedicated site to learn about auto insurance. Learn some key terms, coverage and recent news updates.

2. Secondly visit the library and get hold of thin insurance books. Study about various coverages like collision or comprehensive. You will a lot of information regarding a vehicle hit or fire damage.. I bet can also find out how to lower your insurance costs.

3. Refer your auto policy contract. Study the definition section which will be given in an index form regarding all the key terms. Learn them and correspondingly preview the items in your contract. In the process you will be very knowledgeable about auto insurance.

4. Then take suggestions from an experienced person who either has faced an accident himself or knows such a person. These guys will be able to help with you real problems and their solutions like handling a claim with the respective coverages.

5. Lastly approach your agent. Surrender completely about your ignorance regarding auto insurance whereas you are aware of some facts. This will help you to judge your agent, whether he is fooling you. Make it clear that you want complete cooperation along with all the information. Ask questions about points like coverages, medical payments, PIP, liability coverage. Otherwise you will be bound to pass over to other agents.

Subscribe the company insurance magazine which has details various coverages.
Give enough time to read your auto insurance contract. Do not hurry and make mistakes in understanding and choosing the right insurance for you car.

till then...:)

10 Ways to Lower your Car Insurance Payments

Re-new insurance become our annually routine, isn't? of course for those who one vehicle...but did you know how to lower your car insurance....here we go..

Many people buy their own cars because it makes life easier. However, many also struggle with the costs that come with maintaining a car especially when it comes to making car insurance payments. Many car owners are continuously in search for better ways to lower their car insurance premiums. What most do is simply search for companies that provide cheap car insurance. However, what many do not know is that they can save so much more just by following a few simple tips.

For those who aim to save on car insurance payments, the first thing to do is make sure to shop around every so often. In fact, the reason why six-month car insurance polices are most preferred is that it allows car owners to switch and buy car insurance from other providers at the soonest possible time. This means that it is important to continuously survey the insurance market to search for the cheapest car insurance around. Some people find that it is most effective to check out rates for car insurance online while others learn about the cheapest services from their friends and family. No matter what your preferred method for getting car insurance quotes may be, the bottom line is to find the best car insurance to not only suit your lifestyle but your budget as well. Many people who make this a practice report savings of over $300 on policies valid for six months. This would translate to so much more in a span of one year.

Another thing to consider when trying lowering your car insurance payments is to take the option for higher deductibles. Many car owners feel afraid to do this because choosing higher deductibles means shelling out so much more money in case they get into a huge accident. However, the logic behind choosing higher deductibles is pretty sound. Obviously, higher deductibles mean lower premiums. Therefore, lower car insurance payments. Car owners should not worry too much about higher payments when a major accident happens because minor accidents happen more often than major ones and when it comes to minor damages, car owners will still pay the same amount.

to be continued....

What does a Comprehensive Auto Insurance Policy cover?

In our country, it is illegal to drive your vehicles on the road without havin proper documents such as road tax,insurance etc. There are many type of insurance in the market right now and auto insurance is part of it.

Auto insurance is not just about protecting the vehicle against damage due to an accident, it is also essential to secure the people sitting inside the car. A third party cover or fire and theft cover will not protect the individual against personal injuries or losses. Thus, a comprehensive insurance policy is a must buy for all car owners. Additional benefits included in a comprehensive Malaysia auto insurance policy are:

· Unlimited liability coverage against death or injury to other people.

· Covers loss or damage to car stereo, phone, route navigator.

· Extended fire and theft cover

· Coverage for travel trips to foreign countries

· Guarantee on repair work and automobile parts.

· Breakdown assistance.

An individual has the choice to buy any of these covers as per one’s individual requirements. The cost of the policy rises with the extent of cover. An individual can opt for several measures to lower down the policy premium. By raising the deductibles, the premium can be curtailed. Deductibles are the share of the claim that the policyholder has to pay before the insurance company starts paying. Having a good driving record and following the traffic rules earn discounts for the driver.

Standard Malaysia auto insurance has certain exclusions to the policy cover. These exclusions include liability against the people sitting in the insured car other than the policyholder, damage due to natural disasters, such as floods or storms, and acts of vandalism.