Automotive Addict

Auto Insurance is one of those bills we would rather not pay each month, but is as necessary as the light bill. As with any Insurance, Especially Car Insurance, you never know how important it is until you need to file a claim!

The Auto Insurance Market has become so competitive with new companies arriving on the scenes. And, have you ever seen as many Car Insurance commercials on TV? It seems as though every other commercial is Insurance related.

Many people do not realize the competitive nature Auto Insurance Companies have been forced into, but it is definitely to our benefit. It is almost as competitive as the Cell Phone Market, ALL Insurance Companies want their little piece of the pie and are giving AWESOME INSURANCE QUOTES to get you to convert to their company. If you do not believe me, take a moment and check out Esurance easy online car insuranceQuote! The Industry as a whole realize that many customers are looking to Save Money and cut monthly costs any way they can, and cutting Car Insurance Costs is one of the easiest.

There are other Auto Insurance companies that can save you money online like 21st Century Insurance Companyor you can Shop and Compare multiple Car Insurance quotes for free.This will get you the best Insurance Quotes from the best companies so you can compare prices at one time.

I hear many Car Buying Customers say "I have been with XYZ Company so long, I hate to switch." What if it could save you several hundred dollars per year, would that equate to getting a raise? Has your Auto Insurance Provider ever called you and said, I am going to lower your Car Insurance Rates? Why not save some Money where you can. You may be able to trade and get the Car you have been dreaming of if you were able to save some money on your Auto Insurance!

First let me give an explanation of how works. Gap Insurance basically works how it sounds, it covers any gaps left over by your regular car insurance.

Lets say you buy a 40,000 SUV that depreciates $15000 when you drive it off the car lot. This actually happens, but dont forget about the vehicle you traded in that you were upside down on and carried money over to your new purchase. Now, you carry over $5000 and you now owe $45000 plus taxes, interest, etc. Your vehicle is worth $25000-$30000.

Now, lets take this example and assume your vehicle is stolen or you are in an accident and your SUV is totaled. You owe close to $50000 after taxes and fees and some interest charges. Your insurance wants to settle with you and pay what the vehicle is actually worth. They say they are going to pay more than it is worth and settle with you for $38000-$40000. But wait, You owe more than that amount on your vehicle.

This is why dealerships have made untold fortunes selling Gap Insurance Policies at the time of purchase. Many customers buy their car and tell the salesman they must have Gap Insurance added. Many will not buy a car without Gap Insurance. If you have ever had a total loss with your vehicle and had to use insurance, you would have piece of mind with Gap Insurance. You would actually be able to go and buy another car immediately because you know you will have at least a zero balance on your loan.

Now, lets talk about the cost of Gap Insurance. The dealership I work at charges $799 and many other dealerships charge more than this amount. You must buy Gap Insurance at time of purchase.

There are several things you can do to save money on your auto insurance.
-The best way to save on auto insurance is to have a good driving record!
-One of the best money saving ideas for car insurance is to shop around for the best deal. The easiest way to do this is on the internet--you can get several quotes from one form.

Before you buy a car, check what the insurance is going to cost you. There is a big difference from a safe car compared to a car that had crash test problems. There are some company's that offer discounts for good driving records, certain features on cars, good grades, or even non-smokers, so make sure you find out what discounts are available with the company you are with.

Raise your deductibles to save on your car insurance premiums. If you have a $100 deductible, your insurance will be much higher than if you have a $500 deductible. If you have your car financed, make sure what the lender requires--usually $500 deductible. This may also vary by state.

If you have an older car, drop the full coverage and pay for liability only. If you wreck an older car, you will not get much money for it anyway.

WEAR YOUR SEAT BELT! It has been proven in studies that drivers who wear seat belts are in fewer accidents because they are more aware of being in an accident. It is also the state law in many states and could SAVE YOUR LIFE!