High risk auto insurance

High risk auto insurance

If you have to have high risk auto insurance to drive your car, you know how
much higher the premiums can be. There are a number of reasons that you may
be charged higher premiums and one of them is because they simply don’t
know how to find lower rates. Each insurance carrier has its own prices set
that are based on individual factors like their loss ratios, return on investment,
and market share. The best way for you to get the best rates on high risk auto
insurance is by comparing those of a number of different carriers so that you
can determine which one has the right price and coverage options for your needs.

When motorists are in violation of traffic laws or are new to driving, usually
teenagers but it can be anyone who has their license for the first time, then
they are classified high risk. Those that are most frequently given this label
are those with a DUI/DWI or who have multiple violations on their driving record.
A label of “high risk” means the driver must get high risk auto
insurance which is usually much more expensive than that for other drivers.
What many drivers aren’t aware of is that there are other criteria used
by insurance companies that can put drivers in the classification as a high
risk. Drivers under the age of twenty-five or any first-time drivers, those
with a poor credit rating and history, students, and those with a large claim
history may be considered high risk as well.

One you are placed under the classification of high risk, you can expect higher
rates for high risk auto insurance. These are rates that the drivers should
not be subjected to. It doesn’t matter if the classification occurs at
the signing of the insurance policy or during the coverage, the consumer’s
driving history changes with violations which will cause an increase in the
payment amount they must make for high risk auto insurance. There are methods
of being insured so that you don’t have to pay these unfair, inflated
prices for being considered a high risk driver. At OnlineAutoInsurance.com,
you can make an online auto insurance comparison in order to find a reasonable rate.
Shopping around for high risk auto insurance is the best solution for avoiding
those premium hikes you get when you have a few minor dings on your driving
record. Some companies focus their business on securing only older, non-risky
drivers but you can also find carriers that are profitable or may even target
risky motorists due to being more willing to accept an elevated risk. The non-standard
market specializes in covering drivers with a history of offenses or claims,
are new to driving, or have bad credit. These programs are offered at a much
lower rate than that of the competition in order to draw away customers by providing
them with better rates than they are currently paying for high risk auto insurance.

If you have been categorized as a high risk driver and don’t want to
pay the high rates for high risk auto insurance, go to www.OnlineAutoInsurance.com
and get your car insurance quotes comparison today. Find all the answers to your questions
and the cheapest car insurance options available to you to help you save money!

Report: Ford to Shut Down Mercury Line

The Ford Mercury might be a thing of the past. Bloomberg is reporting that Ford Motor Co. is instituting a plan to shut down the Mercury product line. According to two anonymous sources with familiarity with the discussions, plans to shutter the entry-level luxury car line will be presented by Ford’s top executives to its Board of Directors in July.

The line has been in decline for several years as it has been particularly hard hit by the economic downturn. Sales of Mercury cars have plummeted 74 percent since 2000. Ford recently discontinued the Mercury Sable product line and will also stop production before next year on the Mercury Mountaineer SUV and Grand Marquis lines, leaving the company with just the Mercury Milan and Mercury Mariner SUV next year.

According to John Wolkonowicz, an auto analyst with IHS Global Insight, Mercury had become a “forgotten brand” within Ford, particularly after the company decided to stop giving Mercury exclusive components and technology. This eventually made them too similar to the lower-priced Ford models and ultimately ignored by car buyers.

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Nissan Leaf Cheaper in the U.S. Than Europe, Japan

When the Nissan Leaf debuts in America this year, its MSRP will be comparatively less than the same model selling in Japan in Europe. Automotive News says that Nissan officials are explaining this by stating that differences in local taxes and additional incentives will make up the difference in cost within the U.S. market.

Trisha Jung, chief marketing manager for Nissan’s U.S. electric vehicle sales, said that analysts who are suggesting that the Nissan Leaf is priced to low “don’t have all the information” such as the long-term impact of incentives received to build the electric car at its plant in Symrna, Tennessee.

“We are the first affordable, mass-market electric vehicle,” Jung said. “We’re pricing appropriately to ensure that.”

However, analysts like John Kluza, a battery analyst at Lux Research, claim that the estimated MSRP in the U.S. market of $32,780 is too low when considering the costs of the battery pack, electronic components and production.

“It seems the goal was to price Leaf to get sales volume even if there’s some initial loss,” Kluza said. “In the first year or so, perhaps they’ll take a hit of $2,000 on each car, maybe more. Over time, as battery production scales up, that price will start to look more appropriate.”

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Hummer Maker AM General to Produce Electric Vans

AM General might be the last company that you would think would be involved in building eco-friendly cars. After all, they are the company that produces the Hummer, the massive, gas-guzzling SUVs that have become punch lines for cars that are anything but green. However, that perception might be changing as Automotive News reports that the South Bend, Ind. based company will be starting production on a new line of commercial electric vehicles.

Specifically, AM General will be responsible for the final assembly of Ford’s Transit Connect commercial vans, which will launch next spring. The announcement was made on Tuesday by Azure Dynamic, the company charged with producing the electric driving system.

Despite the seeming incongruity of the company that produces Hummers making electric vehicles, an AM General spokesperson pointed out that this isn’t the company’s first foray into the space. AM General produced 350 electric Jeeps for the U.S. Postal Service in 1975 and developed prototype Humvees for military use that ran on compressed gas.

Chrysler’s Fiat-Based Sedans Might Hit U.S. in 2011

AutoWeek reports that Chrysler’s Fiat-based compact cars could be coming to America sooner than anticipated. During a conference call on Monday, Chrysler Group CEO Sergio Marchionne said that the cars could potentially be on the market as early as the fourth quarter of 2011. Previous predictions had placed the cars as not being available in the United States until early 2012.

“We’ve run extensive clinics on the first vehicles. We’re 98 percent there on styling,” he said. “My expectation today is we’ll be able to get this car into the market Q4 2011. We continue to work pretty aggressively on timing.”

The Fiat-based cars would help Chrysler become competitive in an area of weakness for it in the American car market: the compact sedan. Marchionne also said that Chrysler Group is planning on addressing one of its other pressing needs before the launch of the Fiat-based compact. According to him, by the end of 2010 Chrysler plans to come out with new versions of its Chrysler Sebring and Dodge Avenger lines.

“We have carried out significant surgery on the architecture of those cars and made significant improvements of the interiors,” he said.

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California Prop. 17 Auto Insurance initiative, good or bad?

Prop. 17 is set to appear on the June 8 ballot, promises annual savings of up to $250 for in auto insurance California drivers who maintain continuous insurance coverage, even if they change carriers. Sounds appealing, doesn’t it? But there’s a catch.

Prop. 17, according to the official summary prepared by the state Attorney General’s Office, also “will allow insurance companies to increase cost of insurance to drivers who do not have a history of continuous insurance coverage.”

Backers say letting drivers carry discounts from carrier to carrier would aid most drivers. Foes say the measure would make rates unaffordable for many new drivers.

Opponents also contend that the initiative would make rates unaffordable for many new drivers and those with tarnished records, boosting the number of uninsured cars on the road and thereby raising safety risks and eventually premiums for everyone.

The  proponents of Proposition 17 contend that passage would benefit more than 80% of California drivers because it would allow them to enjoy their continuous-coverage discounts — as much as $250 a year for some drivers — even if they switch carriers to take advantage of lower prices elsewhere.

In short, there will be winners and losers if Prop. 17 passes. Those that want cheap insurance will still save money but many more will pay more for car insurance.