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Thứ Năm, 20 tháng 3, 2014

Consumer Guide To Auto Insurance

Choosing an insurer,Auto insurance basics,Underwriting standards,Credit scoring,Rating categories,Types of coverage,Extra liability coverage,Your right to be treated fairly.,What to do if you can’t get coverage.,A safety net for consumers,Oregon requirement,Required coverages,Proof of insurance,Filing a claim,Dealing with total-loss claims,Saving money on auto insurance,Auto insurance questions & answers,Glossary.,Insurance publications.

Choosing an insurer

Auto insurance helps protect you and your familyfrom losses resulting from motor vehicle accidents.Oregon law requires every car to be covered by automobile insurance.The cost for coverage varies widely among companies doing business in Oregon. That’s why it’s important to shop around when choosing an insurance company. This booklet can help you make an informed decision. It includes information about what kinds of coverage are required, how to shop for insurance, and tips to hold down your costs. Comparison shopping takes a little more time, but it can save you money! However, cost is just one factor to consider when choosing an insurance company. It’s also important to look at the company’s financial condition and how it treats its policyholders. A company’s financial information is available from the following organizations that rate insurance companies. The organizations may charge a fee for these services

Auto insurance basics

Underwriting standards

Underwriting standards are rules insurance companies use to decide whether to insure you. A company reject your application for coverage if your circumstances do not meet the company’s underwriting standards or risk factors. Drivers with the lowest risk factors are least likely to have a claim, so they receive the lowestrates for insurance. Insurance companies typically review the following when deciding whether to insure you:
• driving record
• car make and model
• prior insurance coverage
• consumer credit history
document that it helps them predict future claim costs and price their products fairly. At the same time, they must demonstrate that credit information is used as part of an evaluation system that also relies on other relevant factors. Oregon insurers and producers (agents) must tell consumers how the company uses credit information before running credit checks. If a company uses credit information to prescreen applicants, the company must notify you of this before running a credit check. If an insurer uses credit information to make an “adverse” decision, such as not to offer the best rate or not to offer a policy, the insurer must give you specific reasons for the adverse action. You have a right to a free copy of your credit report from the credit bureau. If you find an error in your credit report and arrange with the credit bureau to correct it, you can ask the insurer to reconsider.

Credit scoring

Many insurance companies look at a consumer’s credit history to decide whether to issue an auto or insurance policy or how much to charge. This practice is known as credit scoring or insurance
scoring. Insurance scoring has been controversial, and a number of states, including Oregon, have placed
limits on its use. In Oregon, insurers can’t use a policyholder’s credit information to raise premiumsat renewal. Also, the law prohibits insurers from canceling or refusing to renew existing policies
because of credit history problems. Insurers can use credit information when deciding
whether to issue a new policy, but only if they can of tickets or accidents, drivers with poor premiumpayment
records, and drivers with convictions for driving recklessly or under the influence of alcohol or other drugs.

Consumer Guide To Auto Insurance

Consumer Guide To Auto Insurance

Choosing an insurer,Auto insurance basics,Underwriting standards,Credit scoring,Rating categories,Types of coverage,Extra liability coverage,Your right to be treated fairly.,What to do if you can’t get coverage.,A safety net for consumers,Oregon requirement,Required coverages,Proof of insurance,Filing a claim,Dealing with total-loss claims,Saving money on auto insurance,Auto insurance questions & answers,Glossary.,Insurance publications.

Choosing an insurer

Auto insurance helps protect you and your familyfrom losses resulting from motor vehicle accidents.Oregon law requires every car to be covered by automobile insurance.The cost for coverage varies widely among companies doing business in Oregon. That’s why it’s important to shop around when choosing an insurance company. This booklet can help you make an informed decision. It includes information about what kinds of coverage are required, how to shop for insurance, and tips to hold down your costs. Comparison shopping takes a little more time, but it can save you money! However, cost is just one factor to consider when choosing an insurance company. It’s also important to look at the company’s financial condition and how it treats its policyholders. A company’s financial information is available from the following organizations that rate insurance companies. The organizations may charge a fee for these services

Auto insurance basics

Underwriting standards

Underwriting standards are rules insurance companies use to decide whether to insure you. A company reject your application for coverage if your circumstances do not meet the company’s underwriting standards or risk factors. Drivers with the lowest risk factors are least likely to have a claim, so they receive the lowestrates for insurance. Insurance companies typically review the following when deciding whether to insure you:
• driving record
• car make and model
• prior insurance coverage
• consumer credit history
document that it helps them predict future claim costs and price their products fairly. At the same time, they must demonstrate that credit information is used as part of an evaluation system that also relies on other relevant factors. Oregon insurers and producers (agents) must tell consumers how the company uses credit information before running credit checks. If a company uses credit information to prescreen applicants, the company must notify you of this before running a credit check. If an insurer uses credit information to make an “adverse” decision, such as not to offer the best rate or not to offer a policy, the insurer must give you specific reasons for the adverse action. You have a right to a free copy of your credit report from the credit bureau. If you find an error in your credit report and arrange with the credit bureau to correct it, you can ask the insurer to reconsider.

Credit scoring

Many insurance companies look at a consumer’s credit history to decide whether to issue an auto or insurance policy or how much to charge. This practice is known as credit scoring or insurance
scoring. Insurance scoring has been controversial, and a number of states, including Oregon, have placed
limits on its use. In Oregon, insurers can’t use a policyholder’s credit information to raise premiumsat renewal. Also, the law prohibits insurers from canceling or refusing to renew existing policies
because of credit history problems. Insurers can use credit information when deciding
whether to issue a new policy, but only if they can of tickets or accidents, drivers with poor premiumpayment
records, and drivers with convictions for driving recklessly or under the influence of alcohol or other drugs.

10 comments
Posted at 14:47 |  by Unknown

Your Guide to Understanding Auto Insurance in the Granite State

What You Need to Know!

Auto Insurance in the Granite State

Auto Insurance in the Granite State

1. Choosing the coverage you need:

  • Why buy Auto Insurance?
  • What coverage should I buy?
  • How much coverage should I buy?

2. Factors affecting the premium paid by you:

  • Underwriting, rating, and premiums.
  • Some factors companies use to set rates.
  • Discounts.

3. Shopping for the best value:

  • Getting rate quotes.
  • Buying insurance
  • Give accurate information.

4. Filing an auto insurance claim :

  • What information must I provide when I file a claim?
  • Filing a claim with your insurance company.
  • Filing a claim with the other driver’s insurance company.

5. Frequently asked questions :


6. What if you have a problem? :

Your Guide to Understanding Auto Insurance in the Granite State

Your Guide to Understanding Auto Insurance in the Granite State

What You Need to Know!

Auto Insurance in the Granite State

Auto Insurance in the Granite State

1. Choosing the coverage you need:

  • Why buy Auto Insurance?
  • What coverage should I buy?
  • How much coverage should I buy?

2. Factors affecting the premium paid by you:

  • Underwriting, rating, and premiums.
  • Some factors companies use to set rates.
  • Discounts.

3. Shopping for the best value:

  • Getting rate quotes.
  • Buying insurance
  • Give accurate information.

4. Filing an auto insurance claim :

  • What information must I provide when I file a claim?
  • Filing a claim with your insurance company.
  • Filing a claim with the other driver’s insurance company.

5. Frequently asked questions :


6. What if you have a problem? :

14 comments
Posted at 14:23 |  by Unknown
Đọc thêm »

Thứ Bảy, 15 tháng 2, 2014

Here’s something you might not know. It is possible to get a car loan with no credit check. The experience of shopping for a new car is different for every person. Some people absolutely love it. They look forward to checking out all the models, colors and options. They love the test drives.  They even love negotiating the deal. Others find the whole thing a painful, anxiety-raising process that they would just as soon avoid entirely. For most people, however, it’s a mixed bag. They enjoy some parts of the process while other parts, not so much. One part that no one seems to enjoy is being scrutinized for a car loan. This is especially true for those folks with bad credit.
Technically…
OK, I may have lied. Sort of. In reality, you probably can’t get a car loan without your credit being checked. What I should have said, to be more precise, is that if you have bad credit (or even really bad credit or no credit), some lenders will ignore your scores and offer you a loan anyway. That doesn’t mean there won’t be some requirements, however.
What you will need to get a car loan.
Having bad credit or no credit doesn’t mean a lender will give you a loan without some proof that you are good for paying it back. It simply means that they are willing to take a chance on you based on information other than your credit scores. That information will almost certainly include proof of steady employment. Be prepared to show your potential lender pay stubs from your work going back as far as you can. The longer you have been employed at your present job, the better. How much you are earning will also matter. Again, the more the better, but figure on a minimum income of at least $1,000 a month.
You will also likely be required to make a down payment. Its size will vary according to several factors including the specific lender, the particular car you are purchasing, and your employment situation. A larger down payment is always better for you, though. The lender is more likely to approve a loan for a smaller amount on a deal that comes with more equity up-front. Further, a larger down payment indicates your seriousness regarding the loan process.
Other ways to prove your reliability.
Any and all evidence that you are a reliable borrower will help your cause. If you have taken out previous loans for other items (furniture, other vehicles, etc.) and paid them back in a timely manner, gather up the papers that prove it and bring them along. Also, bring along your recent utility bills (ones that are in your name) to show that you have consistently paid them on time. And if you happen to possess any other assets of value, bring proof of ownership with you. They might be taken in as collateral or at least be considered more proof that you can be relied upon to pay back your loan. 
Bring a cosigner.
I know that having a cosigner is not an option for many. Nevertheless, if you can get someone to cosign, you have a much better chance of securing your loan. Remember, though, that if you fail to make your payments, the burden will fall on your cosigner. So make sure that you respect the loan process and make your payments on time. If not, you risk not only losing your car but also an important personal relationship.
And finally…
Don’t be afraid to shop around. Start with your bank if you have a checking or savings account. Also, check with your insurer. Often both are also in the business of making car loans and may be willing to give you better terms than an auto dealer will. And don’t be afraid to negotiate. Let’s face it, you are not the perfect borrower and will likely have to pay a high interest rate. But keep in mind that lenders make loans for a living and want your business. Don’t necessarily take the first loan offer your lender makes. It never hurts to ask for a lower rate or better terms.
There is no doubt that shopping for a car loan with bad or no credit can be difficult and embarrassing. If it helps, remember that you are not alone. It is estimated that 25% or more of individuals seeking auto loans have poor or no credit. Yet loans are being made to them every day.  Just make sure that you do some research and be as prepared as possible. Then go out there and get your car loan.

Can I Get a Car Loan with No Credit Check?

Here’s something you might not know. It is possible to get a car loan with no credit check. The experience of shopping for a new car is different for every person. Some people absolutely love it. They look forward to checking out all the models, colors and options. They love the test drives.  They even love negotiating the deal. Others find the whole thing a painful, anxiety-raising process that they would just as soon avoid entirely. For most people, however, it’s a mixed bag. They enjoy some parts of the process while other parts, not so much. One part that no one seems to enjoy is being scrutinized for a car loan. This is especially true for those folks with bad credit.
Technically…
OK, I may have lied. Sort of. In reality, you probably can’t get a car loan without your credit being checked. What I should have said, to be more precise, is that if you have bad credit (or even really bad credit or no credit), some lenders will ignore your scores and offer you a loan anyway. That doesn’t mean there won’t be some requirements, however.
What you will need to get a car loan.
Having bad credit or no credit doesn’t mean a lender will give you a loan without some proof that you are good for paying it back. It simply means that they are willing to take a chance on you based on information other than your credit scores. That information will almost certainly include proof of steady employment. Be prepared to show your potential lender pay stubs from your work going back as far as you can. The longer you have been employed at your present job, the better. How much you are earning will also matter. Again, the more the better, but figure on a minimum income of at least $1,000 a month.
You will also likely be required to make a down payment. Its size will vary according to several factors including the specific lender, the particular car you are purchasing, and your employment situation. A larger down payment is always better for you, though. The lender is more likely to approve a loan for a smaller amount on a deal that comes with more equity up-front. Further, a larger down payment indicates your seriousness regarding the loan process.
Other ways to prove your reliability.
Any and all evidence that you are a reliable borrower will help your cause. If you have taken out previous loans for other items (furniture, other vehicles, etc.) and paid them back in a timely manner, gather up the papers that prove it and bring them along. Also, bring along your recent utility bills (ones that are in your name) to show that you have consistently paid them on time. And if you happen to possess any other assets of value, bring proof of ownership with you. They might be taken in as collateral or at least be considered more proof that you can be relied upon to pay back your loan. 
Bring a cosigner.
I know that having a cosigner is not an option for many. Nevertheless, if you can get someone to cosign, you have a much better chance of securing your loan. Remember, though, that if you fail to make your payments, the burden will fall on your cosigner. So make sure that you respect the loan process and make your payments on time. If not, you risk not only losing your car but also an important personal relationship.
And finally…
Don’t be afraid to shop around. Start with your bank if you have a checking or savings account. Also, check with your insurer. Often both are also in the business of making car loans and may be willing to give you better terms than an auto dealer will. And don’t be afraid to negotiate. Let’s face it, you are not the perfect borrower and will likely have to pay a high interest rate. But keep in mind that lenders make loans for a living and want your business. Don’t necessarily take the first loan offer your lender makes. It never hurts to ask for a lower rate or better terms.
There is no doubt that shopping for a car loan with bad or no credit can be difficult and embarrassing. If it helps, remember that you are not alone. It is estimated that 25% or more of individuals seeking auto loans have poor or no credit. Yet loans are being made to them every day.  Just make sure that you do some research and be as prepared as possible. Then go out there and get your car loan.

No comments
Posted at 04:17 |  by Unknown
It used to be, the only way to purchase car insurance was through an agent. Now with the digital age in full swing another option is available. Purchasing car insurance directly through the internet is becoming more and more popular, which raises the question do I need an insurance agent?
Start by knowing all the methods to purchase car insurance. Then weigh the benefits of each one. Finally, go with your gut feeling.Car insurance is very important and you want to make sure the coverage is made clear at the time of purchase.
Three Sources of Car Insurance
  1. Captive Agent
    A captive agent is an agent that sells one primary insurance carrier. These agents are not sole proprietors. They work directly for the insurance company. A captive agent's responsibility is to place business with one designated carrier. Some of the largest insurance carriers such as State Farm, Allstate, and Nationwide employ captive agents. Twenty-four hour customer service centers are available for most carriers but the agent handles most of the client's needs directly.
  2. Independent Agent
    An independent agent is an agent that sells insurance through multiple carriers. While an independent agent may sell primarily for one carrier, they still have the ability to place business with other carriers if it benefits the client. Independent agents work directly for the client verse the insurance carrier, allowing a broader search of carriers within one agency. Some insurance carriers which use independent agents include Auto Owners, Citizens, and Hastings Mutual. Twenty-four hour customer service centers are available for most carriers but the agent handles most of the client's needs directly.
  3. Direct Online
    Buying direct means no agent is involved in the insurance process. The client does most of the work by imputing all the pertinent information online. Some large online insurance carriers include Geico, Progressive, and Esurance.
Benefits of Having an Agent
  • Personalized Service
    Personalized service is something a lot of people still look for in the insurance industry. With so many automated services enforce, it's a breath of fresh air to see a smiling face, or actually get person on the phone verse trying to finagle your way through voice prompts. Lots of questions, maintenance, and claims surround car insurance. Having an agent is nice because you can always speak with the same person which builds a strong relationship verse multiple customer representatives.
  • Knowing Your Area
    Having a local agent that knows your area is also a benefit. An agent can relate to you and where you live. If you have a claim, an insurance agent will know the good body shops and glass companies to recommend in your area.
  • Cash Payments
    Cash is becoming scarce, but for the people who don't want to give it up, most agencies still accept cash payments.
  • Multi-policy Discount
    A big perk for having all your insurance with an agent is the multi-policy discount. Most insurance carriers offering products through an agent include car, home, and financial services which when combined receive a multi-policy discount. A lot of the online companies are not yet offering home or financial products limiting your potential discounts.
Benefits of Buying Direct
  • Fast Online Convenience
    Buying car insurance direct is super fast and convenient. Any time day or night, you can go online and run your own quote. It's definitely time effective since with an agent you have to give all your personal information and usually wait for a call back. If you are in a hurry, directly purchasing your insurance online is a great way to go.
  • Potential Savings
    It is possible to get a lower rate when purchasing car insurance direct. Since direct carriers do not pay an agent commissions, theoretically the savings is passed on to the customer. One insurance carrier is never single handedly the best or cheapest for everyone. You will still have to do your research on which carrier is the cheapest for your exact situation.
Insurance agents are no longer mandatory with today's technology. It is more of a personal preference in how you like to do business whether you need an agent or not. If you are comfortable with insurance terminology and fully understand your policy, foregoing an agent is an option. The smartest option is to shop around for the cheapest price, friendliest service, and a carrier that is convenient for your lifestyle.

Do I Need an Insurance Agent?

It used to be, the only way to purchase car insurance was through an agent. Now with the digital age in full swing another option is available. Purchasing car insurance directly through the internet is becoming more and more popular, which raises the question do I need an insurance agent?
Start by knowing all the methods to purchase car insurance. Then weigh the benefits of each one. Finally, go with your gut feeling.Car insurance is very important and you want to make sure the coverage is made clear at the time of purchase.
Three Sources of Car Insurance
  1. Captive Agent
    A captive agent is an agent that sells one primary insurance carrier. These agents are not sole proprietors. They work directly for the insurance company. A captive agent's responsibility is to place business with one designated carrier. Some of the largest insurance carriers such as State Farm, Allstate, and Nationwide employ captive agents. Twenty-four hour customer service centers are available for most carriers but the agent handles most of the client's needs directly.
  2. Independent Agent
    An independent agent is an agent that sells insurance through multiple carriers. While an independent agent may sell primarily for one carrier, they still have the ability to place business with other carriers if it benefits the client. Independent agents work directly for the client verse the insurance carrier, allowing a broader search of carriers within one agency. Some insurance carriers which use independent agents include Auto Owners, Citizens, and Hastings Mutual. Twenty-four hour customer service centers are available for most carriers but the agent handles most of the client's needs directly.
  3. Direct Online
    Buying direct means no agent is involved in the insurance process. The client does most of the work by imputing all the pertinent information online. Some large online insurance carriers include Geico, Progressive, and Esurance.
Benefits of Having an Agent
  • Personalized Service
    Personalized service is something a lot of people still look for in the insurance industry. With so many automated services enforce, it's a breath of fresh air to see a smiling face, or actually get person on the phone verse trying to finagle your way through voice prompts. Lots of questions, maintenance, and claims surround car insurance. Having an agent is nice because you can always speak with the same person which builds a strong relationship verse multiple customer representatives.
  • Knowing Your Area
    Having a local agent that knows your area is also a benefit. An agent can relate to you and where you live. If you have a claim, an insurance agent will know the good body shops and glass companies to recommend in your area.
  • Cash Payments
    Cash is becoming scarce, but for the people who don't want to give it up, most agencies still accept cash payments.
  • Multi-policy Discount
    A big perk for having all your insurance with an agent is the multi-policy discount. Most insurance carriers offering products through an agent include car, home, and financial services which when combined receive a multi-policy discount. A lot of the online companies are not yet offering home or financial products limiting your potential discounts.
Benefits of Buying Direct
  • Fast Online Convenience
    Buying car insurance direct is super fast and convenient. Any time day or night, you can go online and run your own quote. It's definitely time effective since with an agent you have to give all your personal information and usually wait for a call back. If you are in a hurry, directly purchasing your insurance online is a great way to go.
  • Potential Savings
    It is possible to get a lower rate when purchasing car insurance direct. Since direct carriers do not pay an agent commissions, theoretically the savings is passed on to the customer. One insurance carrier is never single handedly the best or cheapest for everyone. You will still have to do your research on which carrier is the cheapest for your exact situation.
Insurance agents are no longer mandatory with today's technology. It is more of a personal preference in how you like to do business whether you need an agent or not. If you are comfortable with insurance terminology and fully understand your policy, foregoing an agent is an option. The smartest option is to shop around for the cheapest price, friendliest service, and a carrier that is convenient for your lifestyle.

No comments
Posted at 04:12 |  by Unknown
Do you have bad credit? If you do, then I probably don’t have to tell you that it can be a real headache. It might also be discouraging you from thinking of purchasing a new car. I mean, who is going to give you a car loan, right?  Why even try? Well, the truth is that bad creditdoes not mean that you can’t get a car loan. And it does not necessarily mean that the only way you will get that loan is to concede defeat and accept whatever rate and terms come along. The key is to be prepared and know what to expect before you shop. Below are a few tips for those of you with bad credit to help you drive off of the dealer lot without breaking the bank in the process.
Check your credit reports.
When was the last time you actually read your credit reports? I know that when you have had a painful relationship with credit you tend to want to turn a blind eye to such things. But that would be a mistake. Go online and pull up your free reports and check them for any mistakes. You will be surprised how often they show up. If you find inaccuracies, get them corrected ASAP, before you apply for your loan.
Know your credit score and give it a raise.
I am sure you already know that if you have sub-prime credit (a score of 620 or lower) you are going to face a higher, possibly much higher, interest rates. One thing you might consider is waiting a few months and getting that credit score up a bit. You can do that by maintaining an on-time payment history on your bills. You will probably have to give it at least six months or so, but if you keep your payment history clean during that time, you will likely see your score go up. And that can mean an interest rate that goes down. By the way, don’t stop working at raising your credit score. The higher your score, the better you’ll do next time you go looking for a loan. Also, a higher score might mean refinancing your car loan in a year or two at a lower rate.
Shop around.
Now that you are up to date on your credit, it’s time to go shopping. Not for a car. Not yet, at least.  I’m talking about shopping for a loan. Start with your local bank or credit union, the one you currently do business with. That relationship might help you get a better deal. Check as many other lenders as possible, also. You will be surprised to learn how different each lender can be in terms of rates. And remember, you are almost always better off securing your loan from someone other than the car dealership. They are looking to make some money off of any loan through them and that will mean a higher rate for you.
Think terms, not monthly payment.
OK, I know that you have to think monthly payment. You have to fit it into your budget, of course.  What I mean here, though, is that if you only look at what you will be paying monthly, and not at other terms like the loan period, you are going to end up shelling out a whole lot more for that car than you should. Experts will tell you that you should not look at a loan period longer than three years. And you really, really, really should not go for anything past five years. The bottom line is this: if you have to go for a longer loan period to get the payment down to where it fits your monthly budget, it is time to look at a cheaper car. Which brings me to my final tip:
Be realistic.
I know that you have probably got your heart set on that one particular hot, new model. The one loaded with everything you have ever wanted. And you want it today. But the truth is it may also be the hot, new model that you really can’t afford. Let’s face it, buying things you really could not afford may be part of the reason you are struggling with bad credit now. So, before you rush down to the dealership, know your credit, know your budget and know your needs. You may be much better off with a simpler, cheaper ride for the moment. It may even be a used one. Your goal should be a loan that you know you can afford and make the payments on time so that it will help you improve your credit, not make it worse. That way, the next time you go shopping for a new car, you won’t have to worry about bad credit at all.

Bad Credit Car Loan Tips

Do you have bad credit? If you do, then I probably don’t have to tell you that it can be a real headache. It might also be discouraging you from thinking of purchasing a new car. I mean, who is going to give you a car loan, right?  Why even try? Well, the truth is that bad creditdoes not mean that you can’t get a car loan. And it does not necessarily mean that the only way you will get that loan is to concede defeat and accept whatever rate and terms come along. The key is to be prepared and know what to expect before you shop. Below are a few tips for those of you with bad credit to help you drive off of the dealer lot without breaking the bank in the process.
Check your credit reports.
When was the last time you actually read your credit reports? I know that when you have had a painful relationship with credit you tend to want to turn a blind eye to such things. But that would be a mistake. Go online and pull up your free reports and check them for any mistakes. You will be surprised how often they show up. If you find inaccuracies, get them corrected ASAP, before you apply for your loan.
Know your credit score and give it a raise.
I am sure you already know that if you have sub-prime credit (a score of 620 or lower) you are going to face a higher, possibly much higher, interest rates. One thing you might consider is waiting a few months and getting that credit score up a bit. You can do that by maintaining an on-time payment history on your bills. You will probably have to give it at least six months or so, but if you keep your payment history clean during that time, you will likely see your score go up. And that can mean an interest rate that goes down. By the way, don’t stop working at raising your credit score. The higher your score, the better you’ll do next time you go looking for a loan. Also, a higher score might mean refinancing your car loan in a year or two at a lower rate.
Shop around.
Now that you are up to date on your credit, it’s time to go shopping. Not for a car. Not yet, at least.  I’m talking about shopping for a loan. Start with your local bank or credit union, the one you currently do business with. That relationship might help you get a better deal. Check as many other lenders as possible, also. You will be surprised to learn how different each lender can be in terms of rates. And remember, you are almost always better off securing your loan from someone other than the car dealership. They are looking to make some money off of any loan through them and that will mean a higher rate for you.
Think terms, not monthly payment.
OK, I know that you have to think monthly payment. You have to fit it into your budget, of course.  What I mean here, though, is that if you only look at what you will be paying monthly, and not at other terms like the loan period, you are going to end up shelling out a whole lot more for that car than you should. Experts will tell you that you should not look at a loan period longer than three years. And you really, really, really should not go for anything past five years. The bottom line is this: if you have to go for a longer loan period to get the payment down to where it fits your monthly budget, it is time to look at a cheaper car. Which brings me to my final tip:
Be realistic.
I know that you have probably got your heart set on that one particular hot, new model. The one loaded with everything you have ever wanted. And you want it today. But the truth is it may also be the hot, new model that you really can’t afford. Let’s face it, buying things you really could not afford may be part of the reason you are struggling with bad credit now. So, before you rush down to the dealership, know your credit, know your budget and know your needs. You may be much better off with a simpler, cheaper ride for the moment. It may even be a used one. Your goal should be a loan that you know you can afford and make the payments on time so that it will help you improve your credit, not make it worse. That way, the next time you go shopping for a new car, you won’t have to worry about bad credit at all.

No comments
Posted at 04:10 |  by Unknown
Lowering car costs for teenagers is not an easy task. Driving a car is expensive for all drivers. When you add up all the costs of the vehicle itself, gas, maintenance, and car insurance it can seem as though the expenses are never ending. Focusing on cost savings will aide you in the decision making process when it comes to teenagers and their first set of wheels.

Lower Car Loan Costs

Young drivers will benefit the most financially by avoiding financing their first vehicle altogether. By purchasing a vehicle out right, young drivers can save big on monthly paymentsand car insurance costs. Saving up enough money to pay in full for a reliable vehicle is not always a possibility. If you can’t get away without a car loan, look for a car loan geared towards students.
Car loans for students: As a student driver probably in your upper teens, you are most likely looking for a sexy, fast car with a lot of options. Once you calculate all the numbers, you might be surprised and likely disappointed to see what is actually attainable. Lots of parents do not like to fork over all the cash and want to see you finance at least a portion of the vehicle on your own to show some responsibility. Not only should you shop for a vehicle but also a good car loan. Look for a lender who rewards full time students so you can save a little on interest rates.

Lower Car Insurance Costs

First time drivers have a tough time because right at the get go they are classified as high risk due to lack of driving experience. Most teenagers have no idea about car insurance and without guidance can end up paying a whole lot of money.
Be a savvy shopper: Search high and low for the best car insurance rate. Getting a carinsurance quote is always free regardless how high profile insurance carriers advertise it as a special offer. Free quotes mean potential savings. It might be cheaper to stick with your parent’s insurance carrier, but why not shop for a lower rate for your parent’s too? Keeping all insurance under one roof with one insurance provider often gets you the best price on car insurance.
Know the cheapest coverage: Understanding what coverage is required is the first step to making sure you are getting the lowest price. If you do not have a car loan, you have the right to choose your state’s minimum liability coverage. The minimum coverage is what it takes to be legal, but can fall short of covering all of your needs. Talk to an insurance agent to see what coverage is the best and most cost effective for you.
Get the good student discount: You work hard for your good grades and lots of car insurance providers give a good student discount as a reward. Grades not quite up to par? It is never too late to turn things around. It typically takes one semester of a 3.0 or better to qualify for this big money saver.
Best car insurance discounts for teenagers: Just because you are a student doesn’t mean the good student discount is the only discount offered. Teenagers are eligible for all the same discounts as other drivers. Qualifying for discounts on insurance is hard to do if you do not know what discounts are available. Ask your insurance agent what discounts are offered and make sure you are getting all the discounts you deserve.
Even though lowering car costs for teens may not be easy, it is possible. With a little work on your part, you can get both the best car loan and car insurance premium. Getting on the right track from the very beginning can save you untold amounts of money in the future.

How to Lower Car Costs for Teenagers

Lowering car costs for teenagers is not an easy task. Driving a car is expensive for all drivers. When you add up all the costs of the vehicle itself, gas, maintenance, and car insurance it can seem as though the expenses are never ending. Focusing on cost savings will aide you in the decision making process when it comes to teenagers and their first set of wheels.

Lower Car Loan Costs

Young drivers will benefit the most financially by avoiding financing their first vehicle altogether. By purchasing a vehicle out right, young drivers can save big on monthly paymentsand car insurance costs. Saving up enough money to pay in full for a reliable vehicle is not always a possibility. If you can’t get away without a car loan, look for a car loan geared towards students.
Car loans for students: As a student driver probably in your upper teens, you are most likely looking for a sexy, fast car with a lot of options. Once you calculate all the numbers, you might be surprised and likely disappointed to see what is actually attainable. Lots of parents do not like to fork over all the cash and want to see you finance at least a portion of the vehicle on your own to show some responsibility. Not only should you shop for a vehicle but also a good car loan. Look for a lender who rewards full time students so you can save a little on interest rates.

Lower Car Insurance Costs

First time drivers have a tough time because right at the get go they are classified as high risk due to lack of driving experience. Most teenagers have no idea about car insurance and without guidance can end up paying a whole lot of money.
Be a savvy shopper: Search high and low for the best car insurance rate. Getting a carinsurance quote is always free regardless how high profile insurance carriers advertise it as a special offer. Free quotes mean potential savings. It might be cheaper to stick with your parent’s insurance carrier, but why not shop for a lower rate for your parent’s too? Keeping all insurance under one roof with one insurance provider often gets you the best price on car insurance.
Know the cheapest coverage: Understanding what coverage is required is the first step to making sure you are getting the lowest price. If you do not have a car loan, you have the right to choose your state’s minimum liability coverage. The minimum coverage is what it takes to be legal, but can fall short of covering all of your needs. Talk to an insurance agent to see what coverage is the best and most cost effective for you.
Get the good student discount: You work hard for your good grades and lots of car insurance providers give a good student discount as a reward. Grades not quite up to par? It is never too late to turn things around. It typically takes one semester of a 3.0 or better to qualify for this big money saver.
Best car insurance discounts for teenagers: Just because you are a student doesn’t mean the good student discount is the only discount offered. Teenagers are eligible for all the same discounts as other drivers. Qualifying for discounts on insurance is hard to do if you do not know what discounts are available. Ask your insurance agent what discounts are offered and make sure you are getting all the discounts you deserve.
Even though lowering car costs for teens may not be easy, it is possible. With a little work on your part, you can get both the best car loan and car insurance premium. Getting on the right track from the very beginning can save you untold amounts of money in the future.

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Posted at 04:08 |  by Unknown
Fall Insurance Tips
Fall is the time of year a lot of changes are often made to insurance policies. Vehicles go into storage and the deer come out to play. Take a look at common fall insurance claims, tips about storing your cars and motorcycles, and help financing a car.

Common Fall Car Insurance Claims

Physical damage to your car can occur in many different ways. Autumn time is no different from any other, however some types of claims are more prominent. Take a look at what to watch out for this fall so you can avoid some of these common car insurance claims.

Protecting Your Motorcycle

Your motorcycle might be your prize possession, but do you have it protected by insurance properly? Saving money is always important and the wrong insurance coverage could be more costly in the long run. Learn about motorcycle insurance before an accident happens.

Purchasing a Car

Purchasing a car in the fall is not a bad idea. It is good to upgrade to a more reliable vehicle for the winter months. You can also score some good end of the year deals. Check out these helpful car loan tips before you set out to make your big purchase.

Fall Insurance Tips

Fall Insurance Tips
Fall is the time of year a lot of changes are often made to insurance policies. Vehicles go into storage and the deer come out to play. Take a look at common fall insurance claims, tips about storing your cars and motorcycles, and help financing a car.

Common Fall Car Insurance Claims

Physical damage to your car can occur in many different ways. Autumn time is no different from any other, however some types of claims are more prominent. Take a look at what to watch out for this fall so you can avoid some of these common car insurance claims.

Protecting Your Motorcycle

Your motorcycle might be your prize possession, but do you have it protected by insurance properly? Saving money is always important and the wrong insurance coverage could be more costly in the long run. Learn about motorcycle insurance before an accident happens.

Purchasing a Car

Purchasing a car in the fall is not a bad idea. It is good to upgrade to a more reliable vehicle for the winter months. You can also score some good end of the year deals. Check out these helpful car loan tips before you set out to make your big purchase.

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Posted at 04:07 |  by Unknown
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