Saving money by better understanding your auto insurance coverage options

According to a news release issued by the Insurance Information Institute has shown that consumers purchasing auto insurance for the first time, or who are renewing an existing policy, should contact their agent or company rep to ensure that they are receiving the coverage that they need and at the best possible rate. Accomplishing this requires the consumer to educate him or herself at least a little bit about the various coverage options that are available. One of the best ways to obtain this information is simply by asking questions…

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Research ranks auto insurance premiums by state and finds uninsured increase costs

An online survey conducted by Insure.com, has shown that drivers in Louisiana, Michigan, and Oklahoma pay highest premiums for auto insurance in the country. On the flip side, Vermont had the lowest car insurance rates, according to the same survey. The findings were based on the rates paid every year by single males who are 40 years old and who commute 12 miles every day to work. This profile would generate a rate of $995 in Vermont, but was much higher in some other states. For example, the same person…

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Travelers of Massachusetts unveils New Car Discount program for reduced insurance costs

Travelers of Massachusetts has announced that in response to the increase in new purchases – which, according to the Massachusetts Registry of Motor Vehicles, is expected to beat the 310,547 purchased last year by 7 percent – it is launching the New Car Discount. This will help the residents of Massachusetts who have purchased new cars to obtain greater savings on their auto insurance. In fact, drivers with new vehicles – that is, those that are less than three years old – will be able to use it to obtain…

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Allstate insurance ranks American cities for most and least likely to have an auto accident

Allstate Insurance has released its annual ranking of the best and the worst cities for traffic accidents… with Washington D.C. ranking as the city with the greatest likelihood of collisions, and Fort Collins, Colorado holding the distinction of having the lowest odds of a crash. In order to rank the cities, the insurer compared the frequency of auto collisions with the population of the city. This provided Allstate with the average driver’s odds of being in an accident. They also compared that likelihood with the average for the country. In…

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The cost of your vehicle doesn’t end at the price tag

If you’re hoping to save money on your auto insurance, then one of the most important factors that you should be considering is the type of vehicle that you’re driving, as this is one of the key factors that decides how much your rates will be. Overall, the rule of thumb is that if you want the very cheapest auto insurance, then a four door family-friendly vehicle will bring the best results. For example, the popular Town & Country by Chrysler is a vehicle that is considered to be both…

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