Your Online Guide to Auto Insurance Quotes »

Guide to Auto Insurance Quotes

Shopping for auto insurance quotes online is extremely time and cost effective, assuming you know what you are looking for. When doing anything online, it is important to watch out for scams. Here are some tips for how to get reputable car insurance.

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Auto Insurance Quotes:
What is Basic and Standard Coverage? »

Auto Insurance Quotes: What is Basic and Standard Coverage?

There are many different options to consider when shopping for auto insurance quotes.
Coverage can fall under basic or standard categories, but what you pick is up to you. Keep reading to find out the differences.

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How Does your Sex and Age Affect your Auto Insurance Quotes? »

How Does your Sex and Age Affect your Auto Insurance Quotes?

There are many factors that go into your auto insurance quote premium. Age and sex are two that you unfortunately can't control. Keep reading to learn why these two factors affect your auto insurance rates.

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Cheap car insurance does not mean you cannot get fair value

The point of buying collision cover is to pay for the repair of your own vehicle except it does not always work out that way. The insurance companies always write in a discretion not to repair but to pay the replacement or “fair value”. In the ordinary run of vehicles it’s perhaps not so bad to get enough money to buy an equivalent. The only problem is you are going from a known to an unknown quantity. For better or worse, you know exactly how your own vehicle behaves. Another example of the same make and model can be different. Hopefully it will be no worse. But there can be problems in negotiating the fair value if you have spent money on your treasured vehicle to make it “special” in some way. So how do you approach the negotiations?

The first step is to look very carefully at the insurer’s rules on the decision to total a vehicle involved in an accident. The most common rule is refusal when the cost of repair will be more than 75% of the vehicle’s retail value. Whatever the percentage, this gives you several numbers to verify. You need to look very carefully at the market for your make and model, particularly if you have customized the vehicle in some way. You need to collect evidence of actual sales from local dealers and the trade reference manuals which list the expected values for you state. Now get opinions from local dealers on what replacements are available and their cost. Then look carefully at the amount of work the repair shop says is necessary and their projected charges for replacement parts and labor. If you think this is high, get another garage to give you a written quote.

Now remember that when the insurer “buys” your vehicle, it gets the rights to the scrap value. So if your beautiful leather seats are still in perfect condition, the tires are still effectively new, the airbag was not deployed, and so on, the insurer is going to make money when selling on the parts. This gives you a lever to argue for more as the fair value. If there are questions asked, it will help your cause if you produce photographs of your vehicle and maintenance logs showing all the work done to keep it beautiful. If you are unhappy with the offer made by your insurance, you can go to mediation and produce all your evidence. This usually works and proves the fact you bought cheap car insurance does not mean you cannot get fair value if your vehicle is totaled. All it takes is persistence and professionalism in collecting the evidence together. If you suspect your current insurer may not be generous, you can change now by getting free auto insurance quotes from this site. There are usually insurers of good repute offering lower or average car insurance rates. If nothing better shows up, you have lost nothing by looking.