Ryan Parker
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You are browsing the archives of Ryan Parker.
It was only lately that we saw an increase in the number of people opting for temporary coverage for their car insurance. This can mostly be attributed to the belt tightening exercise that many of us had to do in the face of the current recession. For many who simply don’t have the money to pay off their yearly premiums in one shot temporary car insurance provides that coverage.
Most of us have been there before. We make all the proper arrangements for our trip, which sites to visit, booked the hotel with the right room package. We even have picked just the right car for that road trip that we need to rent. When the days comes everything seem to work out just fine until you set foot in the car rental agency wanting to pick up the keys to that rental car. When the final bill comes and we have picked the most comprehensive insurance package, we are shocked that the price of the rental car suddenly doubled. Looking through the details, you find that it is the car insurance that is doubling the rental costs. It is quite normal for people to get very aggravated and even shocked that something like the insurance for their rental car can cost so much. In this article it is our hope that we can bring to light some common ways to first arrest the rental car insurance costs and also to look at ways to reduce them substantially.
It is almost everywhere that we hear that having insurance is a good thing. We are even brought up on the fact that having insurance is the smart way of doing things. We are made to believe that with insurance, we are somehow protected in some sort of bubble. Any financial risk from accidents, injuries all the way to repairs etc will be magically taken care-off by the insurance companies. They don’t tell you that buying car insurance itself could be a financial risk. This is especially so if they decline your claim or make it difficult for you to get your car repaired. Car insurance policies aren’t the godsend that many people think they are.
In just a few days we are going to face the New Year. This is the time when we look back at the past year and evaluate what we have done, be it good or bad and see if we had a “good” year. We look at things that disappoint us and also things that make us happy. We judge the progress we have made and what we would like to see changed in the coming year. We also look at our financial performance, have we made more money or have we lost money. Have we done the right things in the management of our wealth? Have your improved your situation since last year? With all these questions and self reviews you also need to ask if you did the right thing with your car insurance policies. Most people would not know that they can lower the cost of their car insurance policies significantly just by paying more attention to them.
Here is a fact that most of you who don’t regularly visit car insurance agencies might not know about. Of all the different insurance products available and given the same set of variables, car insurance quotes are the ones that can vary with the widest spread of prices quotes from one insurer to the next. Meaning, even if you give the exact same details and request for a quote for he exact same coverage, you will get wildly differing quotes from the different insurance companies.