On the back of my last post on here, I started looking into the idea of a best practice manual for motorbike insurance to see how it would ultimately impact upon the industry. The bad news is that, unless it successfully cuts the number of accidents involving motorbikes down, then it will not impact upon your motorbike insurance at all because it is not exactly something you can declare. Anyone can read a manual. However, it seems to have spurred areas into action!
Yes, some local authorities and driving schools have actually been inspired into offering motorbike safety courses and advanced rider courses. Of course, these have been around for a while but not on the level of availability they are now.
According to the article “Five Auto Insurers Must Recalculate Customer Bills” by Johnny Diaz on boston.com, the Massachusetts Attorney General settled with 5 Massachusetts auto insurance companies that might have charged higher rates to policy holders because of driving record information that was inaccurate.
The state of Massachusetts says the auto insurance companies failed to update at-fault information reported to The Comprehensive Loss Underwriting Exchange. This is a private database which is used to determine driving histories. The error may have resulted in higher premiums for some of the customers with these 5 companies.
The auto insurance companies will need to pay the state over $100,000 within 10 days as part of the settlement.
Find your auto insurance declaration page, a paper which provides information about your policy. Locate your coverage and determine your needs. For example: if you have an unreliable vehicle that often breaks down, a company like AAA may offer more affordable emergency roadside assistance than your current insurance provider. On the flipside side, if your vehicle doesn’t have a history of breakdowns then it may be advantageous to eliminate emergency roadside assistance completely. You may be satisfied with your current coverage but that doesn’t mean you should pay more for auto insurance.
Don’t over insure your vehicle.
If you are a police officer and work at a police force. You would want to get your special auto insurance for police officers. Although, all the police cars are insured by the police department while the police officers are on duty in their cars. Most police area is not valid when the police officers are not on duty. The minute the police officers get off from work and get home, the police cars are not insured.
If there is any accident or damages to the car, the insurance will not have to pay for the damages. The police officers most decide to get additional insurance to cover themselves and the car while they are not on duty.
While the car will need insurance for a brief period of time and most often the police officers will only need to drive the car to or back from work.
According to the article “State Insurance Official Says 15 Percent of Montana Drivers are Uninsured” by Charles S. Johnson on www.missoulian.com, Montana’s uninsured rate is slightly higher than the national average.
The national average for uninsured drivers is 13.8% while Montana is coming it at 15%. Even neighboring states are much lower. Mari Kindberg, the property and casualty actuary in the state Auditor’s Office says North Dakota comes in at 5%, South Dakota is at 7% and Wyoming is at 9%. What is different about Montana that’s making Montana auto insurance quotes unattainable?
Kindberg states that Montana already has laws requiring drivers to have auto insurance and there are stiff penalties for those who choose not to and get caught.
The first step in building a car insurance policy is to get quotes. This can be done online by visiting any major insurance agency’s website, and filling out specific information. Repeat this process at other insurance companies’ websites to find which ones offer the best quotes. Then, think about ways to save money on auto insurance by playing with the deductible, and also consider additional types of coverage.
Try setting different valued deductibles while receiving free auto insurance quotes online. The deductible value (the amount that the client is responsible for upon a claim before insurance kicks in) directly effects monthly premiums.