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Auto Insurance News

LIC lays claim to no.1 spot in settlements
Life Insurance Corporation remained well ahead of private rivals in living up to the purpose of insurance by settling 97.03% of claims in 2010-11.


Factor in the rate of inflation while deciding your life cover
Your rising income will have natural impact on your standard of living and rising inflation will have multiple effects on an individual's consumption.


Irda brings insurance closer to public in 2011
Insurance policyholders will remember the year 2011 for the series of small steps taken by Irda to protect their interests.


Net-savvy Indians lapping up online term insurance plans
Net-savvy Indians in urban centres are lapping up online term plans. Every 18 minutes, an online term plan is bought in the country.


Don't let car cover skid on rain-hit path
Monsoon can mean frequent trips to the garage for your car. Here's what you need to do to ensure claims process is smooth.


Q & A: Insurance
Our expert guides you in matters relating to insurance.


Mediclaim alone may not cover your health
Over the past few days, many cell-phone users have been bombarded with calls or SMSes, urging them to buy a new 'three-in-one' plan fromLIC.


LIC wants to open S'pore arm, to apply for licence
State-run Life Insurance Corporation of India (LIC) will seek licence from the Singapore government to set up a subsidiary to sell policies.


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AUTO INSURANCE BASICS

The internet is a good source for information when in view of auto insurance coverage for your automobile. The internet can bring information on any and every topic to your fingertips in a few seconds; automobile insurance can be one of them. Surf through the internet, and you will come across ample number of websites for vehicle insurance.

There will be a good variety of the best companies to choose from for reasonably priced auto insurance. And there are a lot of online insurance firms that give discounts for good auto rates. However on those terms one has to inquire specifically for the eligibility criteria for this type of coverage.



It's worth noting that some insurance companies give concessions for going through a driver's training course and other driver learning programs. To make best use of such offers one may require a new young driver or any family driver, to enable one to reduce on the driver's pay.

The auto insurance coverage and rates vary from one vehicle to another, and is a factor to keep in mind, when making inquiries with the companies on their charges. Mostly sports cars and luxury autos have high rates. If your automobile has an excellent and satisfactory maintenance rating, there are high chances for you to get lower insurance rates.

There are other vital aspects of auto insurance premium that must be taken into consideration when filing for it. In addition to those like maintenance rating and the driver-learning program, stated earlier, there are other factors such as, gender, the distance covered by the vehicle and the color of auto.

When taking an auto insurance or evaluating an existing insurance policy, the following points need to be remembered:

1) Make certain the policy provides for the best security to the vehicle.

2) Discern the maximum costs the insurance company will refund on completion of the term.

3) It is very important to be wary of insurance deducible amount that must be paid before the insurance company pays for anything.

4) It is also important to know what is expected from you incase a calamity or misfortune occurs.

An automobile insurance is a good precautionary measure taken by car owners and for their advantage in the long run. The increase in the number of accidents and thefts in the USA makes it necessary for every auto owner to invest in insurance coverage for the security of both the vehicle as well as its owner in times of need.

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