Thứ Tư, 22 tháng 3, 2006

Top 10 Least Expensive Cars To Insure In Canada

  1. Buick Rendezvous 4DR 2WD

  2. Mercury Grand Marquis 4DR

  3. KIA Sedona

  4. Buick Le Sabre 4DR

  5. Buick Century 4DR

  6. Lexus ES 300 4DR

  7. Ford Taurus Wagon

  8. Mazda MPV

  9. Saturn Vue

  10. KIA Spectra 4DR

These are the latest figures from Insurance Bureau of Canada based on statistical claims history for all vehicles on record. The actual final auto insurance costs will of course vary depending of all the combined price factors involved.

Also here is a list I posted couple of months ago to the 10 least expensive cars to insure in the US

Auto Insurance And Credit Reporting

Yes, many auto insurance companies will check your credit history as a part of the process in determining the final cost of your auto insurance.

So how knowing about that can help you with auto insurance? Well, you can order a free copy of your credit report and see if there is anything there that can be improved. All information on such reports, positive or negative stays there only for certain stated there length of time. If a particular one is to expire soon then switching your auto insurance after that date can lower your premium automatically. Also you might find some other items in the report that you weren’t aware of.

By the Fair Credit Reporting Act you are entitled to a free credit report from any of the three credit reporting companies – Equifax, Experian and Trans Union. They got a PDF webpage with a Request Form hat you can print out, fill in and mail to receive that free credit report. The mailing address is: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281



A word of caution here. There are also a number of companies offering what they only call a free credit report, but when you read the fine print it turns out not free at all. It might be called as ‘free with a membership’ or ‘free within trial period’ and if you don’t cancel during the trial time they will bill your credit card. These are not part of the legally mandated free annual credit report program.

Thứ Tư, 15 tháng 3, 2006

California New Low Cost Auto Insurance Program Expanded

California has just passed Senate Bill 20, sponsored by Insurance Commissioner Garamendi. It is to start on April 1 (not a fools joke).

It is a Low Cost Automobile Insurance program allowing low income drivers to opt for the liability auto insurance for under $400 a year. With the new legislation in place it will be expanded to the counties of Alameda, Orange, Riverside, Sand Bernardino and Sand Diego.

Plans are in the workings to also expand the program to the counties of: Contra Costa, Imperial, Kern, Sacramento, Santa Clara, San Jaquin, San Mateo and Stanislaus.

In the words of Senator Martha Escutia "My goal in creating the Low Cost Auto Insurance Program six years ago was to provide an affordable alternative for consumers who are required to have, but simply cannot afford a conventional policy. The expansion of the program to additional California counties is a blessing for many working families who are searching for affordable auto insurance."

This auto insurance program has been created in 1999 and originally applying to the Los Angeles and San Francisco Counties. With the new legislation in place it will encompass 16 counties.

The terms for it are that to qualify for this program the family income must be lower then 2.5 times the Federal poverty level of $24,000 for a single individual, $33,000 for two people and $50,000 for a family of four and the insured vehicle’s total value needs to be under $20,000. There are also some minimum driving record requirements for it. For more information please call 866-602-8861

Here you also read what I wrote about this developing program in January.