New York Insurance

Is it time to renew your car insurance? Today, the Board of comparison Shop makes more sense than ever before.

Prices for the same coverage of the rule to distinguish as much as several hundred dollars by a company to another. But rising prices in general, and many discounts are discarded, while new ones are proposed. And some major insurers have started adjusting prices based on vehicle safety.

Some drivers of cars and large Sport Utility Vehicles, which was badly damaged in accidents cars lighter can expect to pay more responsibility for reporting as drivers of small cars. However, these large vehicle owners can pay less for personal injury and other medical care because their passengers are generally better protected.

”At no time in recent history, he spends a lot of things can affect what they pay for auto insurance,’’said Robert P. Hartwig, chief economist for the insurance industry Information Institute, a group of commercial insurance, which is headquartered in New York.

With the purchase, consumers can afford the changes. But it takes work - in many cases, more work than most people in the price and buying a new car. There are hundreds of insurance companies, and even with the Internet, not a single place, as Kelley Blue Book for car values to find the best offer among the countless combinations of rates.

Imagine yourself a man of 35 years in Brooklyn in 2000, a model four-door Ford Taurus LX and a good road. The state minimum required coverage, including liability and personal injury, as well as cost $ 1294 per year in Atlantic Mutual, or as little as $ 787 in the Erie Insurance Group, the New York State Insurance Department. (National Insurance Institute-sections are good places to start the process of purchase.)

But if the conflict and full surfaces are added - mandatory for any vehicle bought on credit - Atlantic Mutual’s increases the total annual cost of $ 3634 and $ 3644 Erie’s. This gives Atlantic Mutual, on the first appeared to be more expensive, plus the price of $ 10.

This is not the end. The liability and personal injury coverage are often increases the protection against complaints. To increase the liability coverage for injuries by another car on board, say, $ 300000, that the minimum-$ 50000, Atlantic Mutual adds $ 402 and $ 219 Erie. Atlantic Mutual charges $ 22 increase the liability coverage for damage to another driver in the car up to $ 50000 - $ 10000 minimum - Erie for $ 24 booking fee. To increase coverage for personal injury, the insured up to $ 100000 - the minimum-$ 50000 - Atlantic Mutual charges $ 14 and $ 11 Erie. For the whole package, Erie report comes at $ 3898, compared to $ 4072 for the Atlantic Ocean.

Prices published by utilities insurance, regulators say, are only rough guidance.

The next step, experts suspect, is the Internet. On sites like Insweb.com and Quotesmith.com, consumers can obtain price quotations comparative about a half-dozen companies. Actual prices may vary, because Internet users often misunderstood or deliberately false answers (not as accelerating the release of a ticket) on issues of calculating the premium costs. Still, Internet prices are typically more sophisticated than the regulatory authorities’ Guides.

Insweb does not sell insurance directly on the Web, but also binds to a brokerage customer. Most experts on insurance show that consumers spend two or three agents - representatives of business and politics, several companies, before closing a deal.

Few people, even if a shop, so intense. Indeed, experts estimate that the vast majority of buyers of automobile insurance Shopping is not forever. Many people think that all auto insurance costs roughly the same, they buy the first agents to call. In fact, given that insurance is regulated, there is no collective bargaining in most countries.

While price is important, as most people want a just society which, if not generous, with claims. A ranking of insurance companies complaints to the provision of government insurance services. Of course, friends and neighbors are often willing to talk about their experiences, too.