Interesting articles about insurance
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Why did you leave your laptop in the car?

 

  • Your personal items lost due to vehicle theft, are not covered by your auto insurance policy.  Your homeowner policy covers these items instead.
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Mmmmm …

  •  If you purchase a low-risk vehicle (which is based on the cost of the vehicle, plus safety and theft data) and/or a low-profile vehicle (one that is less likely to be stolen), then your auto insurance rates will be lower.
  • Your occupation affects your auto insurance rates.  For example, engineers get discounted rates because they are deemed less likely to “wrap their cars around the trunk of a horse chestnut tree”.  Teachers can also ask for a discount based on their occupation.
  • Check your policy details. Believe it or not, mistakes regarding the details of a vehicle, are quite common: incorrect mileage listed, mistaking a 4-door vehicle for a 2-door, and the wrong model of vehicle listed.
  • Affiliation with AAA and other professional organizations will lower your auto insurance rates.
  • You should insure your cars and your home with the same company for a multi-policy discount.
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Choices, choices, choices …

  • The urban legend about the color of your car affecting how much you pay for auto insurance, is false.
  • A South African insurance company, Hollard Insurance, stated in 2007 that they would no longer insure Volkswagen Citi Golf’s manufactured in the previous two years, as they were of the most frequently hijacked vehicles in South Africa.
  • Changing companies is a viable option if you’ve got a glowing credit report. However, if you have bad credit, you’re likely better off sticking with your current insurance company. Consumers with bad credit pay 20% to 50% more in premiums than those with good credit.
  • South Africa allocates a percentage of the money from gasoline into the Road Accident Fund, which goes towards compensating third parties in accidents.
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Now we’ll pay less car insurance!

  • Statistics show that married drivers average fewer accidents than the rest of the population. So policy owners who are married often receive lower premiums than single persons.
  • Alcohol is a major factor in traffic accidents. Based on data from the U.S. Department of Transportation, National Highway Traffic Safety Administration (NHTSA, http://www.nhtsa.dot.gov) there was an alcohol-impaired traffic fatality every 53 minutes in 2011.

 

Ref.:      money.msn.com            en.wikipedia.org

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