123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Insurance When You Live Out In The Exurbs

Profile Picture
By Author: Norris Rios
Total Articles: 572
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Urban sprawl never used to be an issue. Even though the latest development might be miles from where you work or the nearest shops, this was never a problem. Most families owned two vehicles. Some three or more. No-one walked. Everyone just jumped in the nearest vehicle and off they went without a second thought until the price of gas rocketed up. Now we have the credit crunch and a recession just bottoming out. Car ownership has become an expensive proposition. Too expensive for some who have been reborn as a one-car family to cut their losses. The first step in crisis management is to find out which of your vehicles is the cheapest make and model to insure. Now balance that against the likely costs of maintenance and repair over the next twelve months. And which will sell for the highest price? When you know which vehicle you are keeping, maximize the number of discounts on the policy, including bundling auto and home together with the same insurer. Except, one vehicle for a busy family may not be practical. What are the options?

Many families talk to their neighbors and work out a carpool. This is reasonably easy to ...
... organize for routine journeys. But there is one slight problem. If you are going to carry passengers, you should have insurance to pay their medical costs should they be injured in an accident. It is not safe to drive your neighbors around on the state's minimum liability cover. Then we come to the always difficult question of sharing the costs of the gas. If the passengers always pay something towards the cost of the journey, many insurers treat this as a business arrangement and require the vehicle owner to take out a commercial policy as a taxi. Needless to say, this turns a friendly social service into an expensive excuse to argue with your neighbors over prices. Of course, you could all agree to lie about the arrangement. But the stories can change rapidly if everyone ends up in a hospital and big bills are presented.

The second option is the new rental plans which site vehicles for rent by the hour in local garages. You book what you want over the internet, travel to the garage for the pick-up and drop it off at the same garage when your time is up. The cost per hour on the standard plans are attractive and, assuming you do not want a vehicle more than an average of one hour every day, you will save money on car ownership. But you do need to look carefully at the insurance offered in the standard plans. Some have poor cover of medical expenses for you as the driver and passengers. Others do not include the loss of use charge if the vehicle is off the road being repaired. Always read the small print. Summing up, finding insurance for a single vehicle means getting multiple car insurance quotes and finding the one that works for you. If you are going to use your car to drive neighbors around, you also need to get car insurance quotes to cover the additional liabilities. If you use one of the new rental plans, consider paying extra for LDW which gives more comprehensive protection against loss.

Total Views: 312Word Count: 546See All articles From Author

Add Comment

Insurance Articles

1. What Happens If Your Clarinet Is Lost Or Damaged By An Airline?
Author: musicinstrumentsins

2. Classic Car Auto Insurance In California: Protect Your Vintage Ride
Author: Namaste Insurance Agency

3. How To Choose The Best Insurance Plan For Your Musical Instrument Repair Business?
Author: victor12johnson

4. How Cloud-based Invoicing Services Streamline Financial Management
Author: SourceThrive

5. What Happens When You Don’t Insure Your Audio Gear?
Author: micheljordan4

6. The Hidden Risks Of Not Insuring Your Musical Instrument
Author: musicinstrumentsins

7. Finding The Right Financial Advisory Partner In India
Author: Drishti Desai

8. How Climate And Weather Conditions Can Affect Your Brass Instrument?
Author: victor12johnson

9. Understanding Insurance Endorsement: Types And Key Benefits
Author: Stellanova GlobalTech

10. The Impact Of Violin Music On Brain Development And Emotional Health
Author: micheljordan4

11. Playing Gigs Or Teaching? Why Professional Flutists Need Extra Coverage
Author: musicinstrumentsins

12. How To Obtain And Interpret Your Insurance Loss Run Report
Author: SourceThrive

13. Handling Out-of-network Billing In Ascs: Best Practices
Author: Charlie Robinson

14. The Importance Of Business Interruption Insurance For Music Dealers
Author: victor12johnson

15. Rhc Billing Tactics For Medicare As A Safety-net Provider - 24/7 Medical Billing Services
Author: Charlie Robinson

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: