What if your motor insurance provider told you that you could get up to 25 percent discounted from your next car insurance policy simply by showing them that you were a safe driver? It would sound obvious won’t it - after all, basically, isn’t that what a no claims bonus is all about? Well, you can guess again, because with the new “autograph” device getting up to 25 percent discounted on your car insurance policy in the years to come is going to be a very real experience!
What Is The Autograph ?
Basically, an “autograph” is a device that you ask a garage to plug into the diagnostic part of your car (which can be found underneath your steering wheel). The autograph will then record all of your driving skills, including how fast you drive, your average speed, whether or not you need to suddenly break (and, if so, how often), the times of the day that you like to be out and about on the roads, what your average mileage is, what your longest and shortest journeys are. In fact, the list is endless.After a pre-determined period, say three or six months, you then return to garage that installed the autograph and they will uninstall it and replace it with a new one. The old autograph is then plugged into a computer and all the requested recorded data is feed into a computer and sent to your motor insurance provider. Your motor insurance provider can then take a look at all of this recorded data and can decide, more accurately, if you are a high or low risk driver!
Benefits of the Autograph
If you are a good driver, the benefits of agreeing to use an autograph are easy to see – after all, recorded data rarely lies! The downside to using an autograph is the fact that it is recording the data collected in the car. This has two effects – first, you have to have a car capable of recording this data (i.e., not too old); second, the data collection cannot differentiate between drivers. As such, if you have a car in your house that is driven by several different people, the autograph will not be able to tell who is driving the car at any given time.
Consequently, if you have your son or daughter on your car insurance and they tell you they like to drive at 50 miles an hour, while the autograph tells the motor insurance provider they like to drive at 120 miles an hour, it’s not likely you are going to be getting the 25 percent policy premium discount you were looking for!
All in all though, as with pay per mile car insurance, getting cheap car insurance using an autograph device, although being the way of the future, is here to stay and will most probably benefit far more motor drives than it inhibits.
Thursday, March 26, 2009
Using The 'Autograph' To Get Cheap Motor Insurance
Saturday, March 21, 2009
Cheap Car Insurance May Hurt You When Disaster Strikes
Imagine the next time you join a discussion about Cheap Car Insurance. When you start sharing the fascinating Cheap Car Insurance facts below, your friends will be absolutely amazed.
Car insurance is a necessity that most of us would like to save money on. There are certainly ways to lower your auto insurance costs, but if you're not careful you could put yourself at financial risk. This is especially true if you live in areas prone to storm damage. Here is some advice to make sure you have the right protection for your situation.
Understand the risks of storm damage where you live or are visiting. A single hailstorm can wreak thousands of dollars in damage on vehicles in just a small area. Hurricanes, tornadoes, floods, wildfires and other severe storm weather causes more and more damage to vehicles every year. In fact, the Insurance Information Institute notes that the number of vehicle damage insurance claims due to these disasters nearly doubled between 2001 and 2005.
Understand your auto insurance policy and coverages. Raising your deductible or eliminating comprehensive coverage can save you money on premiums. However if you live in an area prone to severe storms, it may be more cost-effective to have better coverage or lower deductibles. Talk to your agent if you're not sure.
Once you begin to move beyond basic background information, you begin to realize that there's more to Cheap Car Insurance than you may have first thought.
When shopping for car insurance, only work with reputable companies and insurance agents. Your car insurance is only as good as the company that provides it. When you shop for car insurance, make sure you're dealing with a financially stable company with a good reputation. Get at least three quotes and ask questions about both saving on insurance costs and making sure you have adequate protection.
Think about adding rental car coverage. It may add a little to your premium, but if you're out of a vehicle for several weeks while it's being repaired from storm damage, you could spend hundreds renting a car.
If your car is damaged, before authorizing any repairs understand the work being done, what's covered by your policy, and if the repairs are covered by warranties. Get more than one estimate on the work if possible.
I hope that reading the above information was both enjoyable and educational for you. Your learning process should be ongoing--the more you understand about any subject, the more you will be able to share with others.
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