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Specialized Auto Insurance Plans

These are auto insurance plans that are designed primarily for people having problems getting car insurance coverage under normal circumstances, or those with one issue or the other preventing them from getting car insurance. Specialized car insurance plans also include insurance programs designed for specific groups of people. It may be provided or sponsored by the government or other organizations. Some of the advantages of these plans are savings on insurance for members that may be higher than those from conventional insurance programs. The plans will also be more effective at meeting the unique needs of members.

Low-Income Earning Good Drivers Auto Plans

These are government sponsored insurance programs set up to provide car insurance coverage for low-income earning drivers with good driving records, so they can conform with state laws.

High Risk Drivers Auto Plans

If you’ve received tickets or convictions several times and could not get conventional insurance coverage for your automobile, or you are charged exorbitant premiums you can’t afford because you are considered high risk, government-sponsored insurance programs for high risk drivers may be an option for you. Bear in mind though, that it is not everyone that can be admitted into these plans.

Teachers’ Auto Plans

These auto plans take advantage of the statistical fact that teachers are low risk drivers, to create low cost auto insurance plans for them. The plans may admit active or retired teachers and their families. Some of these plans may even contribute funds to schools of educators on the plans.

Specialized auto insurance plans may be the best option for you, if they are available for your niche or industry, you may also avail yourself of these programs if you fall into the category of those needing specialized insurance coverage, that is, high risk drivers or low income earners with good driving records as noted earlier.

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Car Insurance Pricing Plans

The law requires liability insurance for all drivers and vehicles. This means that if you are involved in a serious accident, and it turns out that it was your fault, your insurance company will pay out any claims that are made against you. Extra coverage on your own vehicle, called comprehensive insurance, is optional.

Insurance companies based on a number of risk factors will calculate the price you pay for this insurance. Basically how it works is the more they feel you are at risk of crashing, and the more they think the resulting crash will cost them, the higher the premium you’ll pay.

Assessment

Common factors that will be used to assess the premium are the value of the car you’re driving, the safety of that vehicle, the coverage you want, will there be deductibles or limits etc.? How much you’ll drive the car, how your driving record stands, how long you’ve held your license, your age, and if you are young, also your sex.

The premium is then calculated. Usually there is a flat per car, per year rate that everyone pays, regardless of other factors. The other factors will then alter this rate, generally upwards. So if your car is especially fast or dangerous your rate will be increased by a set amount. If it is very old, your rate goes up. If you’ve had one or more accidents in the past, your rate will go up. If you’re young and male, your rate will go up. The more of these factors you satisfy, the more your rate will be going up.

Discounts

As a sales enhancement, many car insurers offer a “low estimated future mileage” discount to customers who predict that the car’s mileage will be below some stated limit during the next premium period. There is no verification involved and no additional charge if the car is subsequently driven more than the stated amount. This arbitrary discount tends to foster customer belief in the mistaken idea that “miles” are just one of many classification factors used to raise or lower prices from the territorial base rate. In fact, odometer miles (which insurers do not use) are not a factor but a metric – the only valid basis for measuring each car’s consumption of insurance protection in on-the-road use.

The best way to save on car insurance is to shop around, keep a good clean driving record, drive safely, and choose reliable cars that are not known for their power and speed.

Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/ where you will find information, news and links to the leading providers of car insurance in the UK.

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What kind of coverage should a young guy get on his first RV, like insurance and service plans?

Hi, i’m 23 and purchased my first RV, late 70′s model. I am pretty sure its ok to take on a long trip, but i wont know until its too late. I was wondering what kind of insurance and/or service plans I should get. I want to plan on it breaking down and be covered just in case. I have had a lot of problems with it being so old (even with under 65,000 miles). I need something that has roadside assistance, towing, and help with service fees, without paying too much. GMAC looked good, until i realized that their full coverage didnt really cover a replacement fee, or any kind of help with servicing. Any ideas from someone with experience?

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