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Monthly Archives: August 2011

Car Insurance Rates – Auto Manufactures Recall

Over the last 20 years; InsureDirect.com has processed 10’s of thousands of auto insurance claims.  During that time, I’m confident we have been put in a position of paying a claim due to a car accident caused by a manufactures defect.  Something as small as a Break-Light Fuse Recall could cause an insureds new car being rear-ended because the driver of the claimants car could not see the Break-Lights of our insureds vehicle.  This is an expense which we should not be responsible and should be defrayed be the auto maker whom caused the defect. Sadly; these situations create more than just financial hardship of auto repair for the driver or car insurance company. If you are a victim of an auto accident because of a manufactures defect, you may experience an increase in your auto insurance rates.

For almost 15 years, over 360 million cars were recalled due to safety-related issues or flaws being revealed. It’s a huge figure that it must be taken into consideration by every car owners or to any single person whom is planning to buy one.

Knowing whether a car you own is on the list or not; it is important  to be observant to save money and unnecessary agony. If the car you wish to buy is on the list, it is still important to be sure the car manufacturer will held responsible for all costs incurred during the recall.

Sometimes because of the pressures placed on every car manufacturer, new automobiles are being released too early and yet are constantly recalled more and more often. Recently, General Motors a leading car manufacturer based in Detroit Michigan, had recalled 1.5 million trucks because the windshield fluid heater’s high risk of catching fire. A similar story was  what happened at Toyota where they had to recall over 8 million cars due to some mechanical problems.

Many wonder what the effect of  being recalled does to one’s car insurance since insurance companies do not appreciate customers who are driving faulty or defective cars. But driving a car that is on the recall list isn’t enough for insurance companies to elevate your auto insurance premium costs. According to the Insurance Information Institute, factors affecting your  car insurance rates are your driving history, location of your garaging address, mileage, new cost of car being insured, damage repair costs, and safety ratings of car. As you can see, being recalled is not on the list; thus being on the recalled list doesn’t influence car insurance rates.

Nevertheless, car owners must still be extremely cautious when driving a car that is on a car manufacturers recall list and hasn’t   modified yet. Understand, your car insurance company will not be liable for any accidents caused by car parts that haven’t been modified by the car manufacturer.

In order to know whether your car or a new car you’re eyeballing is on a recall list, go online and check websites listing recalls or preferably the website of your car’s manufacturer. In addition, there is also a large and detailed database on the National Highway Transportation Safety Administration’s Website where you can search for your cars model and year.

-Mike

Loophole on Health Insurance Exchanges: Authorities to Act

Although InsureDirect.com primarily focuses it’s marketing efforts on Online/Direct Car Insurance, Commercial Auto Insurance and Homeowners/Renters Insurance Products; as it’s company’s President and Managing Agent, I feel it’s vital I discuss topics which would be of interest to a broader base of insurance buyers.  This article is a perfect example of this.  In the latest… Continue Reading

Maryland Insurance Administration (MIA) To Conduct Insurance Rate Review

The Maryland Insurance Administration (MIA) which review and approve the insurance company rate filings for Auto Insurance Rate Quotes,and Homeowners Insurance Rate Quotes is set to review the increase of the health insurance rates in line with the new federal regulations spelled out in the Affordable Care Act. The review will be conducted in accordance to the Effective Rate Review Program.… Continue Reading

Michigan Businesses to Pay Less for Worker’s Comp Insurance

As the owner  and managing agent of InsureDirect.com for the last 20 years, I can certainly tell you Worker’s Compensation Insurance  and its monthly payment is an expense I wish could be alot less.   InsureDirect.com like other Auto Insurance Companies and general business through out the United States must defray this insurance expense when you use any staff. Business owners in the state of Michigan… Continue Reading

Auto Insurance Basics for Young Student Drivers

At present, many State Governments are taking a more rigid approach when it comes to the limitations imposed in handing over every learner’s permits and youthful driver’s licenses.  However in New Jersey and Pennsylvania;, Student Drivers do not like the restrictions the government has instituted for the sake of the safety of all travelers on both states. These two (2) states… Continue Reading

NJ Protect: “The Newest Low-Cost Health Insurance Option”

Health Insurance for both individuals and business has become a difficult subject for many in the Delaware Valley. As a Business Owner in the  State of New Jersey, Pennsylvania and Delaware; I can tell you the price Business Employee Group Health Insurance has gone through the roof leaving many businesses to stop defraying the cost of… Continue Reading

North Carolina Insurers Yearn For Rate Hike on Dwelling Fire and Extended Coverage Insurance Policies

With Hurricane Irene fast approaching the east coast of the United States, we all have a tendency to wonder about our Homeowners Insurance coverage and if we have enough.  It was a very interesting day in the  Pennsylvania offices of InsureDirect.com.  Normally the calls are mostly for auto insurance quotes throughout the country. Today; our switchboard was jammed with calls… Continue Reading

Military Service Members, Their Families And Their Car Insurance Issues

U.S. Troops and those who are members of the armed services are often deployed on short notice, giving them less time to face their personal and business affairs. Auto insurance, home insurance and other insurance product issues, as a subject, is often affected when someone moves out of the state or spends an extended period away from home. Now… Continue Reading

What You Need To Know To Apply For Auto Insurance In Ohio

 The best way to get good auto insurance in Ohio is by carrying out some due diligence online. This gives you the chance of comparing different auto insurers and choosing the most suitable. If you are not satisfied with what is on offered online, call an agent like InsureDirect.com who will offer the relevant information. It is important though to… Continue Reading