Good news for New Jersey residents, IFA is lowering auto insurance rates! New Jersey drivers can expect on the average a 5% reduction in full coverage.

Improvements in overall vehicle safety, as well as more conscientious drivers have resulted in fewer losses for our company. IFA believes it is our obligation to pass those savings on to our Customers. By keeping rates low and by providing excellent service we have succeeded in building lasting relationships with our Customers,”

announced David Walsh, President of the IFA Insurance Company.

The level of auto insurance that someone might need depends on the financial circumstances of the individual concerned and the cost of the car involved. Take for example someone who has a brand new $50,000 motor, it would be sheer folly to do anything other than take out one of the best auto insurance policies available and the cost of the auto insurance is likely to be insignificant when considering the overall annual cost of the car.

However, if you have a car that is nearing the end of its life, have a low cost car and previous claims or are a new driver then the cost of the auto insurance versus the benefits you might receive need to be given greater consideration. Comprehensive auto insurance premiums are likely to be disproportionately high for older vehicles, new drivers with low cost autos or drivers with accident history.

Whatever your circumstances you are legally obliged to take out a basic level of auto insurance that will cover you against third party claims and given the level of damages awarded seem to be increasing out of control then my advice would be to get the best possible third party liability auto insurance cover that you can afford.

The legal requirements for auto insurance does vary from state to state so you�ll need to clarify the level of cover you require when taking out auto insurance but only insuring to the legal minimum isn�t necessarily the best choice to make.

If you have a lot of money sunk into your car or your auto is leased then you really should take out comprehensive and collision auto insurance to cover you for things such as fire, theft, acts of god or collisions that are your own fault.

If you live in an area where cars are regularly vandalised you might want to consider comprehensive auto insurance when perhaps you wouldn�t have otherwise done so. The cost of your auto insurance will generally be higher if you live in such an area but that is something you have to weigh up against the cost of repair.

Personal Injury Protection is something that everyone should consider as this element of your auto insurance will cover medical costs associated.

Despite legal requirements some people still persist in driving around without auto insurance leaving the others with a need to insure against the uninsured motorist. Uninsured auto insurance will cover you for damages in the event of an accident with an uninsured motorist. Again, insurance that everyone should give serious consideration to given an auto accident could leave you unable to work or your family without any means to earn.

If you want a more comprehensive auto insurance policy but want to limit the cost then you could look at opting for a higher level of deductibles. Deductibles are the amount you would have to pay before you could make a claim against your auto insurance policy and generally, the higher level you agree to the lower your auto insurance premiums.

The area in which you live does impact the cost of you automotive insurance. It may seem a bit unfair, but it�s true. Locations that have higher crime rates tend to also have higher automotive insurance rates.

Of course, there probably aren�t too many people out there who are willing to shop for a new home in a completely new area, put their houses up for sale, and leave town just to save money on automotive insurance, and that�s completely understandable. That�s why we�re going to offer some tips on how you can possibly lower the cost of your automotive insurance and keep your home.

First, take a look at your vehicle. Was it expensive? Is it flashy? Is it a vehicle that many people would love to drive but can�t afford? If so, your vehicle is at risk for being stolen or burglarized. Vehicles that aren�t at risk for being stolen or burglarized tend to get lower automotive insurance rates. Consider trading your flashy car in for a more subtle ride.

Then, and this is especially important for those of you who aren�t willing to trade your cars in, take a look at your safety components. Do you have any kind of anti-theft system for your vehicle? Having one of these will not only protect your car from being stolen, but it will also protect your valuables inside, i.e., some crook won�t come along and break the window to get your CD collection. This means your automotive insurance rates could be lower since your insurance company won�t have to worry too much about replacing windows.

Finally, take a look at where you park your vehicle. On the side of the street? In a back alley? Consider parking your vehicle in a safe, well-lit, and guarded parking garage. Your insurance company will appreciate your effort to protect your car, and they might just reward you with lower automotive insurance rates.

Save time, effort, and money by knowing the facts about your auto warranty.

If you�re one of those people that doesn�t pay much attention to the auto warranty when you buy a car�.listen up. Whenever you decide to buy a car, make sure you understand the auto warranty that comes with the vehicle you�re purchasing.

Not all auto warranty issues are the same. The coverage can vary greatly from vehicle to vehicle. Purchasing a vehicle with a good auto warranty can help keep your car in good shape without costing you lots of money.

It�s important to note just how much the coverage of an auto warranty can vary. The minimal coverage for auto warranty on a new vehicle that you should look for is three years or thirty-six thousands miles. Coverage can go all the way up to 10 years or one hundred thousand miles.

Common Types of Auto Warranty

The three most common types of auto warranty are:

Basic: The basic and most common auto warranty covers everything except wear and tear items like oil filters, tires, batteries, wiper blades and other frequently replaced items. The U.S. federal government requires emissions equipment to be covered for two years or twenty-four thousands miles.

Drive train auto warranty: This type of auto warranty takes care of the majority of the parts that cause the car to move. These parts include the engine, transmission, drive shaft and the axles. Again, just as with the basic coverage, parts that are wear and tear items such as belts and hoses are not covered. Two items that are usually covered by drive train auto warranty are the bearings and pistons.

The third type of auto warranty is rust or corrosion protects you from rust-through problems of the sheet metal. Not this type of coverage only comes into effect if there are holes in the sheet metal. Proper maintenance of regular washing and waxing is required for most rust and corrosion auto warranty policies to remain effective.

Manufacturer to Manufacturer

Auto warranty policies can vary greatly from car manufacturer to car manufacturer. Investigate carefully and do you homework before you make a purchasing decision. Don�t let the hype of the sales person influence you. Purchasing a vehicle is a major purchase. Consider the auto warranty that comes with your vehicle carefully before you make your final decision.

The automobile industry is seeing the sales of extended warranties jump as consumers become increasingly more aware of the need to protect their investments as they hold on to cars longer.

“I plan to give this car to my son in a few years when he is old enough to drive, so I need to make sure I keep it running,” Joseph Melillo, 36, Island Heights, NJ explains. “This is the first time I ever bought an extended warranty,” he continues holding an extended warranty for his Mercury Mountaineer.

Melillo, like many other consumers is moving away from the mindset that he does not plan to own the car long enough to need the extended warranty. “Car owners are realizing that they can’t predict how long they will actually own their vehicles and they are also realizing that extended warranties more than pay for themselves,” Richard Reynolds, GM, Griffin Ford explains.

“The reality is if you need only one or two repairs over the course of the life of your vehicle, the warranty pays for itself. Add in the fact that the warranty adds to the resale value and it has become a no brainer for many car owners,” Reynolds states.

With new and used car prices skyrocketing and being owned well beyond the expiration of the original warranty, consumers are looking to protect their investments. “I blew by my mileage allotment in ½ the years the warranty was for,” Melillo offers as explanation to purchasing an extended warranty.

Many car companies like Ford, Mercury and Lincoln have extended warranty programs that include the ability to have the vehicle serviced in any dealership in the country which puts domestic travelers at ease. “Ford, Lincoln and Mercury owners have the peace of mind that comes with having a warranty that is good anywhere they go in the country,” Reynolds states.

With consumers showing concern for longevity and protecting their investments in cars, homes and other big ticket items, the warranty and insurance industries are seeing an increase in sales. Retailers with a presence online are finding the biggest increase in sales, including Ford, Lincoln and Mercury extended warranty retailers like Griffin Ford. [PRWEB]

Insurance.com reached a major milestone when they sold their 300,000th policy since being online from June 2001. According to Dave Roush, CEO of Insurance.com, “the Internet has become the first place many consumers visit to research and buy products, including all types of financial products.

“Our web site leverages the power of the internet by bringing together the nation’s leading auto insurance companies in a single marketplace where consumers can compare multiple rates, and buy that policy immediately, either online or on the phone from a licensed agent. No other Website offers that kind of convenience or level of service.” [PRWEB]

The Nebraska Autobody Association found that consumers were disinclined to file automotive claims with their insurance company.

Sixty-four percent of survey respondents said they would generally feel hesitant about filing an insurance claim, and eighty-four percent said they might not report a small claim at all since doing so might increase insurance costs.

“Claimants should not have to be afraid of their insurance company or worry about whether or not they received a fair claims settlement, but they do,” said NABA executive director, Norbert Zaenglein.

The survey raises a number of concerns about Nebraska claims settlement practices. When asked if insurance adjusters are trained to reduce legitimate claims payouts, an overwhelming eighty-six percent of respondents agreed. “This finding should raise some eyebrows particularly by the Nebraska Department of Insurance, the Attorney General, and state legislators, Zaenglein added. ”Nebraska market conduct regulation is weak and there is no shortage of insurers who will take advantage of the situation.”

The sheer scope of market conduct problems in the area of collision repair claims settlement practices have been corroborated by numerous studies. “It has became painfully clear that those insurers who want to take unfair advantage of claimants can do so without fear of any repercussions,” Zaenglein added. “Nebraska regulators have repeatedly turned a blind eye to a substantial and credible body of evidence that supports widespread violations of Nebraska Unfair Claims Settlement laws by some insurance companies.”

The survey included statistical summaries of nine additional questions designed to measure consumers’ attitude about the integrity of insurance companies.

The Nebraska Autobody Association is committed to professionalism in the art and science of collision repair and to treat customers, claimants, and insurers in a fair and ethical manner while supporting accurate accounting throughout the claims settlement process. [PRWEB]

tagTRAX: nebraska autobody association | nebraska market | naba | survey | hesitant

Millions of car insurance consumers are buying their car insurance policies on the Internet today. Rate quotes and policies are available through a multitude of web sites, from insurance companies direct, to web sites that offer multiple quotes from a single application.

Money Saving Tips About Car Insurance explains the options, coverages, benefits, terminology, and unique situations that the average car insurance consumer should know and understand when shopping for a new policy.

With specific explanations of unique real-life situations that most consumers learn the hard way, Money Saving Tips About Car Insurance tells it like it is to give the consumer the opportunity to have a better understanding of what car insurance really is and how to better communicate about it. Many car insurance policies are sold without the in-depth information that is available and extremely valuable to the consumer.

Even if the car insurance consumer takes the time to get a rate quote from an agent over the telephone or in person, how much explaining will that agent do? Considering that liability coverage is all that is required by state law for financial responsibility, and if your vehicle is financed, the finance company requires you to cover the vehicle, the average policy will be quoted with minimum or near minimum coverages.

You might be asked if you are a homeowner to offer you higher liability limits to protect your home from a lien if you cause an accident, but even than, many homeowners are underinsured considering how many vehicles on the highways today cost over fifty thousand dollars. [PRWEB]

tagTRAX: car insurance policies | money saving tips | insurance consumers | rate quotes | insurance consumer

Insurance.com, the nation’s largest online auto insurance agency, announced today that car insurance quote requests on its Website increased by more than 20% in 2005.

“During the past five years we have seen a tremendous growth on our site as a result of customers’ increased confidence level with the Internet,” stated Insurance.com President Lou Geremia. “We’ve embraced this new growth by adding over 100 licensed insurance agents to our sales center and have extended our sales center hours to 8 a.m. to 1 p.m. Eastern Standard.”

Currently, over a dozen insurance carriers offer instant, competitive car insurance quotes through Insurance.com’s Website. Customers are able to view multiple quotes and perform side-by-side comparisons to identify the best car insurance policy for their needs. In addition, customers have the option to purchase their policy online or through a licensed agent via Insurance.com’s toll-free number (1-800-639-9201).

Presently, Insurance.com offers consumers comparative car insurance quotes in every state except Massachusetts, Alaska and Hawaii.

[PRWEB]

tagTRAX: car insurance quotes | online auto insurance | auto insurance agency

(NC)-Consumers in Ontario are paying less overall for their private passenger auto insurance than they were a year ago. Thanks to cost-saving measures arising from recent reforms to the auto insurance system, most insurance companies are passing on the savings to consumers in the form of lower premiums.

The combined decline in approved auto insurance rates for 2004 and the first three quarters of 2005 was 12.42 per cent.

The impact of a rate change on an individual consumer varies, depending on where the consumer lives, the type of vehicle he or she drives, and other risk characteristics such as collision record.

The Financial Services Commission of Ontario (FSCO), an arm’s length agency of the provincial Ministry of Finance, regulates the auto insurance industry. FSCO ensures that the changes insurance companies make to their rates are reasonable, justified, and balanced with each company’s ability to meet its future claims costs.

tagTRAX: auto insurance rates | private passenger auto insurance | fsco | insurance companies | private passenger auto