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Automobile Insurance: Drivers
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Automobile Insurance Fraud: How it Works and How to Protect Yourself Automobile insurance fraud has been around since the first car was built, and unscrupulous individuals find new ways to do it every day. Unfortunately, following the law explicitly cannot protect you from suffering damages at the hands of a thief intent on committing insurance fraud. It doesn't matter how good a driver you are or how careful you are on the road; many automobile insurance fraud incidents occur without any participation of the victim. Even worse, victims often suffer financially, physically and legally.
Understanding automobile insurance is one of the great challenges of being a modern driver, but that doesn't mean you shouldn't try. Somewhere in the mix of rates, deductibles, coverage and fine print lies a simple document designed to protect you and your family when you're in need. If you can find a way to distill the essence of documents such as these, you should be able to make an informed decision in a hurry.
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The discount for hybrid drivers is the latest in a long series of firsts for the company that wrote the first automobile insurance policy in 1897. Other firsts include the first policy covering electronic data processing liability in 1961, the first policy to protect individuals using personal computers for online banking in 1997, and the first insurance company to offer consumers protection against identity fraud in 1999.
[One] way to lower the cost of your automobile insurance is to look for any discounts that you may qualify for. For example, many insurers will offer you a discount if you insure multiple cars under the same policy, or if you have had a driver education class in the last five years. Be sure to ask your agent or your company about their discount plans.
The Facility Association, an insurance pool that all automobile insurance companies belong to, is an insurer of last resort, which makes automobile insurance available to high-risk drivers who are unable to find automobile insurance in the regular market. As well, there are a number of "non-standard" insurers who specialize in insuring high-risk drivers.
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Researching automobile insurance quotes is a good idea before committing to one insurance company. One way to conduct this research is to do some online insurance quote shopping by visiting insurance companies and filling out informational forms for the age of the driver, how long he or she has been driving, make and model of car, driving record and residence address. The make and model of car is particularly pertinent information as certain cars such as sports cars incur greater risk due to their performance and speed.
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