Insurance Info

Insurance Auto Auctions, Inc., a leading provider of automotive
salvage and claims processing services in the United States,
today announced record vehicle returns during the second
quarter.

IAA’s dual bidding strategy has continued to drive more buyers
to the Company’s auctions than ever before, resulting in
increased bidding activity and higher vehicle returns for its
insurance company suppliers.

“Combining the feedback we have been receiving from our
customers with our internal data, we believe our vehicle returns
were the highest in the industry during the quarter, which we
feel is a direct result of our dual bidding platform and
improved levels of customer service,” said Tom O’Brien, CEO. “On
average, our returns have increased more than $300 per unit
compared to 2003, providing a significantly better return for
our insurance company suppliers. Our live auctions, most of
which feature Run & Drive(R) auction lanes, are supplemented
with our state-of-the-art Internet bidding capability, giving
our growing customer base the flexibility to see and bid on our
vehicles up close or through the Internet from anywhere in the
world in a real-time setting. Enthusiastic buyer support of our
auction model is clearly evident from the increase in buyer
participation we have experienced, both at live auctions and via
the Internet. By encouraging more buyers to come on to our
bidding platform than ever before, we believe that during the
quarter we were able to generate more bidding activity and the
highest vehicle returns in the industry.” Continue reading ‘Insurance Auto Auctions Drives Record Returns for Its Customers’ »

Insurance salvage auto auctions are like a unknown and uncharted territory to most. While you can get some excellent deals there, you need to know how to properly use them to you advantage or you could end up getting burned. Use these FAQs as a guideline before even thinking about going to one.

1. What is a salvage auto auction? An insurance auction is basically a regular car auction that only sells vehicles that insurance companies have labeled as salvaged.

2. What are salvaged cars? Salvaged cars are those that have been in an accident, flood or fire and are considered totaled by the previous owner’s auto insurance. A salvage car could get that title for something as little as having the airbag deploy in a minor fender bender. Or be completely burned to a crisp. Continue reading ‘5 Things You Need to Know About Salvage Insurance Auto Auctions’ »

There’s no two ways about it: today’s economic climate is uncertain at best. If you’re like millions of other Americans, you’re looking for ways to save a bit of money. Worryingly, many are looking at automobile insurance as a possible way to save money. More than ever, people are choosing less coverage or even going without insurance entirely, hoping that they won’t be involved in an accident and therefore won’t need it. Unfortunately, hoping you’re not in an accident just isn’t enough.

According to a recent study, the number of people nation-wide who are going without auto insurance altogether is ballooning. One group expects 2010 to see as many as 16.3% of motorists uninsured. That means, of the 254.4 million passenger vehicles in the United States, as many as 41.5 million may be without insurance. With this many uninsured vehicles on the road, more insurance may actually end up being the better way to save money.

Saving Money

When looking at how steep insurance premiums can be, our natural reaction may be to choose less coverage as a way of saving money. But going with less coverage may actually end up costing you more, because you may not have the protection you think you have. Bare-minimum auto insurance may end up costing you more money and assets than you can afford. Continue reading ‘How Much Insurance Do I Really Need?’ »

Consumer Reports magazine recommends that car owners buy the best auto insurance they can afford. But what makes one car insurance policy better than other? When it comes to car insurance, a higher price does not mean a better policy. In fact, you may be paying twice as much as your neighbor for the same coverage. The best way to find cheap car insurance is to compare quotes online; that way you can compare apples to apples to get the best deal.

It helps to know what coverage you must have and what coverage is optional. You must have bodily injury liability insurance, which covers the medical and legal expenses of victims of an accident that is your fault. You should have coverage that will pay at least $100,000 per person and $300,000 per accident. If you have considerable assets, you may want to increase the liability coverage.

Property damage coverage pays to repair or replace another person’s vehicle or property that you damage. Requirements vary by state, typically ranging from $10,000 to $25,000. You can better protect your assets by having coverage of $100,000 or more. Continue reading ‘For Cheap Car Insurance Compare Rates Online’ »

When it comes to driving a car, there is no way around the fact that you must purchase auto insurance. Even the most basic liability coverage will cost you hundreds and even thousands depending on many factors like, your age, gender, marital status and driving records just to name a few. If you are a young student or a someone with a previous traffic violations in your driving records, you can be sure that your premium for auto insurance is going to be significantly higher than someone who is in their low 30s with no incidents in their driving history.

The thing is, most people could save a lot of money on car insurance if they took the time to do a little basic research, but the truth is that they rarely do. Most people will spend hours on the internet researching facts and reviews about a big ticket item like a computer or HD TV. They shop around from store to store before they make their final decision. But they never take more than 3 minutes to decide to go for the usual insurance companies that they see on TV all the time. This poor judgement will make them over pay each month up to 25% than if they took 10 minutes and did a little comparison research before signing up with the big boys. Continue reading ‘Find Cheaper Auto Insurance Quotes in Minutes and Stop Giving Your Money to Insurance Agencies’ »

In the US, there are thousands of deaths due to vehicular accidents. What does this mean? This means that everyone behind the wheel needs to drive safely in order to increase their chances of survival while on the road. Also, this means that everyone behind the wheel needs to be a card carrying car insurance carrier. It’s more than just a good idea, it’s the law.

Driving without insurance is a good way to get fined hundreds of dollars, possible jail time and even the chance of losing your driver’s license or your car. These penalties differ by state, but it doesn’t matter where you drive, being insured is a must.

So how does one go about getting your car insured without losing thousands of dollars a year? Doing your research on insurance companies and the policies they offer is a great way to make sure you’re buying insurance you can afford and that you actually need. Some policies offer things that not every driver needs. If you don’t own a pet, you won’t need to pay the additional insurance for any animals in your car. Continue reading ‘How to Find the Less Than Average’ »

Affordable car insurance, lowest rate and best service coupled with qualitative output by insurance companies are always the package the clients are in search of. If this package is available without trimming the numbers of coverage offered, then clients have no better option but to avail that service.

The coverage schemes that are an indispensable part of car insurance are damages caused due to some explosion or outbreak of fire, theft or burglary, accident, third party liability, malicious damage, vandalism. If cars get damaged due to all these factors, clients get the compensation immediately after making claims for it. However, if the cars get damaged due to storm or from terrorist attack or due to flood, clients does not get any compensation, unless and until the client possess the special coverage scheme. Affordable car insurance is always the best option for any car holders because that gives little pressure on their pockets.

Continue reading ‘How to Avail the Best and More Coverage Out of Cheap Car Insurance’ »

What are the factors that surround your auto insurance quotes? When you call your auto insurance agent over the phone and ask for a price of insurance, they will give you an auto insurance quote. The quote is their best guess of what you will pay and what they can get away with charging you with.

When you give your personal information to your insurance agent whether online, through the phone, or across the desk, the agent will then enter these information to their computer where it is connected to the company they represent. If you are with an independent agent, they are usually connected to several insurance companies.

The actual policy may cost more or less. Since insurance agents can now be found online, this makes the price you get quoted is what you pay. If you are careful in using your car, then you are on your way to saving a lot of money. Continue reading ‘Cheaper Car Insurance Costs – How to Avoid Spending All Your Income on Car Insurance’ »

Shopping for car insurance is not fun. It isn’t like going shopping for shoes, or even groceries. You don’t come out with a purchase that you are proud of or even one that you can actually use. When you go shopping for auto insurance, you usually feel like you just threw a bunch of money away on absolutely nothing. But, you still have to have it – the law says so, and so does common sense. Without auto insurance, you could put your life, your car, and your family at serious risk. So, getting car insurance estimates is an important part of being a responsible driver.

However, when you get these estimates and how you go about doing it is very important. Insurance companies may tempt you into shopping around constantly for auto insurance, but this is not a good idea. The best way to do your auto insurance shopping is to do it all in one day, in one sitting. There are several reasons for this.

First of all, every time you get car insurance estimates, your credit is pulled. And, the more this is done, the lower your credit score will be. Believe it or not, your auto insurance rates are partially determined by your credit score. So, in effect, by getting a quote, you are raising your rate. Be careful! Make sure you get quotes on one day and the effect on your score will be much less. Continue reading ‘Why You Want to Buy When You Get Car Insurance Estimates’ »

Shopping for a car insurance quotation is not fun for anyone, no matter what they tell you on television. It can be time-consuming, frustrating, demeaning, and you feel as if you are buying a product that you never see, feel, touch, or experience. In fact, the insurance itself is useless almost all of the time, unless you actually get in an accident or have your vehicle vandalized or stolen.

So, it is vital that you do all you can to eliminate the pain of insurance shopping by being prepared. You can make it quick and easy if you have all of your information ready and are willing to put in an hour or so worth of work.

1. Getting a car insurance quotation can be made a lot easier if you have several documents ready: your driver’s license, your Social Security number, and your current insurance policy. Continue reading ‘How to Get the Best Car Insurance Quotation’ »