The tough economy has led to a decrease in the number of vehicles rated total losses after a crash, according to a provider of collision data processing systems used by insurers and body shops.
That finding was one of many in the latest Industry Trends Report produced by San Diego-based Mitchell International.
Mitchell also noted a reduction in crash damage appraisal values, collision losses and third-party property damage. At the same time, the firm found an increase in use of after-market and remanufactured parts and higher costs for repair materials and labor. Read the rest of this entry »
Posted by admin | Posted in Uncategorized | Posted on 04-02-2010
Are you friends with someone who drives too? Do you know that both of you can lower you car insurance rate significantly by making a schedule who will drive on this and that day? Yes, you’re right that’s what you call car pool.
If you and your friend have decided to practice this, you won’t just save money on gas but you will both save on you car insurance premiums as well. Insurance companies, as we have discussed so many times before, take a look at the risk factors involved in every situation possible. The less risks you put your vehicle into, the lesser your rate would be. Read the rest of this entry »
Posted by admin | Posted in Uncategorized | Posted on 18-01-2010
Most of us are involved in at least one car accident at some time in our lives and we all agree it’s never pleasant.
Accidents can range from fender benders to major tragedies with fatalities and injuries; this is when we feel very grateful that we have insurance on our vehicle!
But as bad as an accident is, are there other consequences? Will our premiums go up and if so, how much? Read the rest of this entry »
Posted by admin | Posted in Uncategorized | Posted on 21-11-2009
Secret #1 of getting a cheaper auto insurance cost
Shop and compare – This old age technique almost works on all fields of life. Whether buying a car, house or a pair of pants. Don’t buy the first auto insurance quote that’s been thrown at you. You might find get hit with a large auto insurance cost and even get a bonus headache for it.
Always get a lot of quotes from different insurance companies and find the one that suits for you. Remember the cheapest is not always the best, its better to find the cheapest and the one that would cover your needs. Read the rest of this entry »
Posted by admin | Posted in Uncategorized | Posted on 19-09-2009
The U.S unemployment rate is at a 26 year high of 9.7%, according to the most recent update by the Bureau of Labor Statistics. Last month, there were 216,000 nonfarm payrolls lost, marking the 20th straight month of decline.
As more Americans lose their jobs, it’s important for them to remember not to cancel their insurance policies in an attempt to save money. More and more uninsured drivers are hitting the roadways as more people continue to drop car insurance coverage. What many don’t realize is that if they get into an accident when they don’t have insurance, they will be in deeper financial trouble than if they continued to have car insurance. Read the rest of this entry »
