Car loans and car insurance- How to get the best of both worlds?

The adage that "Money talks" means that most people's vocabularies are pretty under-developed. Nowhere is that more obvious than when trying to buy a car. "Speechless" would be a better description. Add to this the fact that the car insurance has a direct correlation with the car’s value, and you have plenty of good reasons for taking a vow of silence.
                       
Actually, there's a way round this situation, and it's pretty easy. There's a new type of car insurance on the market that makes it a lot simpler to manage your insurance. The ordeal of having to put up with whatever the insurance companies condescend to provide you in return for your money is now over.

What’s happened is that the new insurers, which are mainly online, have come up with actual, not cosmetic, options for car insurance. They're taking business away from the older types of insurers, and it's mainly because this type of insurance can all be done online. There's no paperwork, and you can even shuffle your policy around to suit yourself, handling premiums and cover online.

If you've ever had the experience of buying a nice family car and then getting the feeling you're insuring a limousine against asteroid strikes, you'll appreciate this new approach. The new policies are based on car usage, and if you’re a normal driver, you really don't need the extra fine print. These policies include multiple drivers, accommodation when you’re stuck with a breakdown, towing fees, etc.

There's good business logic behind this idea, and it works for consumers, too. These policies aren’t massive legal documents, they're plain language, and they’re deliberately kept simple.

What you get is:

• The online policies spell out the coverage
• They also spell out what’s not covered
• There’s a product disclosure statement with the policies.
• The paperwork has been condensed into phone backup when you need it

That’s a big change from the fantastic levels of literature on old style policies, and indications are that consumers appreciate it. You can even get your car insurance quotes online, and it doesn't take days or involve any inconvenience. This approach is a far more efficient way of doing business for the insurers and the insured. Everything is documented, everybody has copies of everything, and the default business practice is that things are done properly all the time.

Compared to the old paper raffle every time someone needed to know something about their car insurance, it's Nirvana. It's a little bit like managing a phone plan, but much less complex, and there's no way of getting confused about your options. Everything is kept straightforward and transparent.

This is a much more functional type of business operation, timesaving and very much based on a series of logical options, not a law degree. Most importantly, it allows fast responses to critical situations. That’s a big improvement, and for people that like their car problems solved quickly, it’s unbeatable.

Shop around and see what’s on the market. It'll save you a fortune, and reduce stress by multiples.