If you’re from Georgia, you’d better be prepared for the possibility of paying additional premiums on your car insurance. According to an article on ajc.com, Georgia Insurance Commissioner John Oxendine is considering the addition of fees on car and other forms of insurance to support trauma care services for car accident victims and others. Oxendine says it’s because most trauma cases are a result of car crashes and work accidents. And since the state is desperately in need of more funding for trauma care services, they’re looking for someway to bring in revenues annually.
Insurance industry advocates naturally oppose this proposal. They argue that this would raise the costs and premiums of their products, as well as add new and unfair taxes to the industry. Since such fees are normally passed on to the consumers, it would be a double whammy for responsible citizens who religiously pay their taxes and get car insurance. Another burden is that the fee would not be specific to car insurance, but may also apply to health insurance and worker’s compensation.
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On choosing a car, one of the most important things to consider is the insurance–of course buying a new car is like an investment. Also, in purchasing insurance some factors would like the car’s safety rating, and the like.
First, do a research on cars that are specifically adapted to you needs and your budget before you make a decision on purchasing. Don’t just buy the car because of the brand or how good it looks, or even how low the gas mileage is. Consider the value of the car, and the features it has. For one, it has to be a safe car too, so better check its safety rating.
Don?t buy an expensive car unless you’re sure that you can make insurance payments regularly. Remember the insurance costs are commensurate to the value of the car. So this means the more expensive the car is, the higher the premiums for that car.
Also check online, or on newspapers for car deals. Of course, you shouldn’t just buy the cheapest or the lowest deal. Look for cars with the essential safety features and restraint systems, such as seat belts, airbags and such. Seatbelts should come standard in all cars. Secondary restraint and protection systems like air bags and side impact beams may not, though.
The top most stolen vehicle is the 1995 Honda Civic, followed by 1989 Toyota Camry, 1991 Honda Accord, 1994 Dodge Caravan, 1994 Chevrolet Full Size C/K 1500 Pickup, 1997 Ford F150 Series, 2003 Dodge Ram Pickup, 1990 Acura Integra, 1988 Toyota Pickup and 1990 Acura Integra.
In 2004, the rate of stolen vehicles dramatically went up and up from 23, 357 vehicles in 2003 to 1, 237, 114 motor vehicles in 2004. It could be frustrating but authorities there are still works to be done when it comes to combating insurance fraud and vehicle theft. The U.S. metropolitan areas are with the highest auto-theft rates by 2004 with California having 10 metropolitan areas with the highest auto theft rates.
There are many possible ways and reason which can give you a great amount of discount when getting a car insurance. It is not just the type of car that you drive but your age and driving record can be used to avail lower premiums. Particularly drivers of young age, in this category, the prices of premiums may have big differences. According to survey conducted by then consumer group Choice, young drivers can have savings up to $1650 and if you have a young driver in the family, your savings can reach $870. One more easy way to have higher cost savings is to always compare policies by using online calculators being provided by these insurance companies.
Some insurance providers are giving the Hybrid Car Industry a boost by providing some incentives for hybrid car owners. Instead of being quoted on their real insurance group, they will be quoted up to as much as two groups lower which will see a fall in premium payments for their owners.
With the massive growth in green motoring, insurance providers are hoping to cash in on this growing transport market by providing low cost, quality benefit insurance packages for the vehicle owners. It can be seen that more people will be turning to hybrid cars with the savings in fuel and lower insurance premium payments they will provide.
Many factors affect the rising premium of car insurance. One of these factors is the emergence of modern designed cars. Advancement in technology has enabled manufacturers to design cars that would provide maximum protection to its occupants. This in turn translates to higher repair costs since the vehicle absorbs most of the damage on impact.
The advancement in safety precautions in modern car designs have translated to higher premium rates for policyholders. However, taking into account that you can never put a price tag on safety, the increase may well be worth it. After all, the reason in having insurance in the first place is for protection.
