Latest Car Insurance Trends

Fitting your car with a recovery device might just trim off a percentage of your auto insurance premium. However, savings vary according to the device. The cost of the recovery services differ greatly. One company that does not rely on Global Positioning System (GPS) is LoJack. They claim that some insurers in certain states offer as much as 35 percent off on insurance premiums for cars installed with LoJack. There is no monthly fee for LoJack, and signals are send to the transponder in your car only when it is reported to the police as stolen. Save on insurance and save on monthly fees, which are not charged by LoJack.

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Millennium Plus GPS integrates GPS and cellular technology to offer real-time vehicle monitoring and tracking wherever you are. It can report the location, speed and misuse of your vehicle, ideal for teenage drivers. Enable and disable the starter, lock and unlock doors, set speed notifications and geographical boundaries. Contact the car via email or mobile and vice versa, and access stored history reports. Choose from a range of monthly plans starting at $9.95 that allow a certain number of actions per month. Each additional hit is charged separately. As with LoJack, you can save up to 35% on insurance, depending on the state where you live. It is somewhat creepy to know that satellite photos of you can be taken wherever your car is via the Internet. Think of it as Big Brother acting in your best interests.

Image from www.roadtrac.com

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With Father’s Day coming up this Sunday, June 15th, give your dad something special. For sure, he likes cars (a year of insurance premiums comes to mind), so you want something autombile-related, but not junk that will pile up on the dashboard. For men on either side of the Atlantic, we’ve got suggestions. Trust us, these experiences will be awesome.

For dads in the US, World Class Driving is on a road tour that brings supercars to your city. Take a Porsche, Maserati, Lamborghini or Ferrari for a spin. But of course, dad still needs to follow traffic rules–police tickets are on you!

Fathers in Britain can do the same. A Ferarri at Silverstone? Done. Aston Martin, Caterham, Lotus or even a Mini. You can do them all, but maybe not on the same day!

Image from worldclassdriving.com

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Gap insurance insures you for the difference between your loan amount on the car and the actual market value of the car. This insurance is a must for someone who is considering purchasing a new vehicle since a new vehicle depreciates right after it is driven off the dealer’s lot. In most cases, the value of your car plummets, by as much as 20%-30% once it leaves the dealer. So if you get into an accident, even with full insurance coverage, you’ll only receive the market value of your vehicle which will be lower than your purchase price. That means you’ll have to shoulder the difference. Gap insurance, covers the difference between your loan amount on the car and the car’s actual market value. Some insurance companies may not offer Gap insurance, so before deciding to purchase your new car, check with your current insurance provider about Gap insurance. If it’s not included in the premium, you may want to purchase Gap insurance for a reasonable additional cost.

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Adrian Flux of the UK is a specialist auto insurer for classic and cars, hot hatch, sports coupe and performance cars, luxury and executive cars, 4x4s, kit and self-build cars. They offer cheap insurance for practically every thing that moves on the road, even a four-poster bed on wheels. They also give discounts for so many reasons. Get up to 15 percent off if you are a member of a car owners club or online forum, or up to 25 percent off when you pass a PassPlus, IAM or Max Driver test. And yes, if your car is not so extraordinary, they have standard car insurance, too.

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