Automotive V.i.n. Numbers What Do They Mean

V.I.N. V.I.N.s. You will hear this term tossed around frequently by car sales people, auto insurance people among others in the automotive trade. What does the term “VIN” mean and how it is important to you?

The term V.I.N. is short form of “Vehicle Identification Number”. It’s a unique number that is assigned to your vehicle – be it car, truck, S.U.V., van truck, motorcycle or any other vehicle. Think of the VIN as the Social Insurance Number for your automotive vehicle.

In order to register a vehicle, especially a new vehicle, you will need its V.I.N. In order to insure your vehicle ditto. If your car is stolen it may well be tracked down and identified by this unique listing – it’s V.I.N. If you are in the market for a vehicle and do a vehicle history search – say at Carfax or a similar online service and the lookup will all be done by V.I.N. How else could the system work if each vehicle did not have its own unique identifying number? Through such automated systems you can quickly and accurately determine vehicle history since new – a list of owners , any accident reports , has the car been involved in a major accident , been written off , been in a flood , have liens or charges against it , as well as many additional concerns for auto buyers ,financers , and dealers.

How can you determine the V.I.N. of your vehicle? That is easy if have ready access to your registration and insurance documentation. If not, or if you want to confirm the VIN number assignment you can simply find out your vehicles stamp. Simply look through the windshield on the driver’s side of the auto at the corner of the dash. It should be clearly stamped on a plate attached to the dash. As well that same designation should be clearly listed on your bill of sale. If the 2 numbers do not match – this could be a sign of future trouble if you are ever involved in a collision and have to deal with auto insurance claims and payment to yourself or your auto body shop.

A short course in how to read a VIN to be of use to you – should you be in the car buying mode, need registration information or want to import a car into Canada. Where an auto is manufactured often determines import duties and taxes.

Reading a V.I.N. First things first look at the first number on the left hand side. This first character designates where the vehicle was built – 1 is the US, 2 is Canada, 3 is Mexico, J for Japan, K for Korea for example.

Next the second character in line designates the manufacturer or who built the car. The letter “G: stands for General Motor or G.M. products. Next is the third character – in this example if the number 2 is the third character – this would indicate the Pontiac division of GM. Characters 4 and 5 indicate the car line series, eight represents the body style for example 2 door coupe, 4 door sedan, hatchback. The seventh character indicates the type of safety restraint system that was installed at the factory. Eight character stands for the engine code – each type of engine has its own stamp. Between the eighth and the last sequence of letters is a check digit – a spacer to prevent confusion. The last sequence of digits is the grouping that singly identifies the vehicle and makes it wholly unique.

Why all this effort in creating this system and nomenclature of listing and describing each car individually. How else could the automotive trades work if they could not id each and every vehicle separately , track it , keep detailed records and lastly allow you as a car , truck , SUV , Van or motorcycle driver to research the past history of your new found vehicle.

Sri Lanka Insurance Industry Recording Impressive Growth

Sri Lanka Insurance Industry is witnessing a strong growth since past few years. Dominated by general insurance segment, the total Gross Written Premium (GWP) in the country increased by 18% in 2011 compared to the previous year. In the coming years, the industry is further expected to touch the pinnacle of success with ever-growing life insurance penetration, emergence of online insurance services, and rising foreign investment in the industry. Taking into account all these favorable factors, the GWP of insurance companies in Sri Lanka is expected to grow at a CAGR of around 21% during 2012-2015.

Research Analysis and Highlights

The report, Sri Lankan Insurance Industry Analysis, by RNCOS spread across 80 pages covers all the key aspects that depict the complete picture of the insurance industry of Sri Lanka. It offers an in-depth analysis of market performance of insurance by segments covering the long-term insurance and general insurance market. It also drills into general insurance segments including Fire, Marine, Motor & Miscellaneous insurance along with their future forecast. In addition to that, the report also covers the market performance by insurance companies.

Our research also provides the study of reinsurance market of Sri Lanka coupled with its segment-wise growth. To provide better insight of market, it studies the existing distribution channel of insurance industry in the country which includes Broker, Agents and Bancassurance. In addition, it describes the potential growth areas of Sri Lankan insurance industry such as rising opportunities in the field of Takaful & Health insurance, etc.

Our research also provides a complete insight of countrys insurance industry including consumer perception. It also talks about the present regulatory environment and challenges for insurance industry in the country. Moreover, it highlights the key players in Sri Lankan insurance industry along with their market share which will help the client to understand the present market scenario and competitive landscape of the industry.

Some of the reports key highlights include:

– Rising Life Insurance Penetration.
– Motor Leading General Insurance Market in Sri Lanka.
– Growing potential in export credit insurance.
– Takaful: A new and viable insurance segment.

Some of our Related Reports are:

– Saudi Arabia Insurance Market Analysis ()
– Vietnam Insurance Sector Forecast to 2014 ()
– Poland Insurance Market Forecast to 2014 ()

Reduce Car Insurance Premium With No Claim Bonus

Ask any expert as to how to reduce car insurance premium, the advise is drive safely, avail NCB. No claim bonus or NCB is one of the major factors affecting car insurance premium. It is a discount that the vehicle owner gets if he doesnt make a claim the whole year. Percentage of bonus increases for every claim free year.

How is NCB Calculated

NCB can be availed for every claim free year of the vehicle. It is calculated on the own damage part of the insurance premium and not the third party insurance. Own damage (OD) premium forms a major component of comprehensive car insurance. One can get up to 50% discount on it.

For no claim during the previous year one gets 20% discount on OD, For no claim during two previous years discount is 25%, For no claim in three preceding years discount is 35%, for no claim during four previous years, discount is 35% and for four or more preceding claim free years, the discount is 50%.
Once a claim is made, the NCB becomes nil. The next premium is higher and the whole process of accumulating NCB will begin from zero. Some insurance companies offer an add-on cover to protect NCB

How to Avail NCB

The insurance company automatically includes the discount in the renewal notice. If the car insurance has lapsed and you renew it within the grace period of 90 days, you can still avail the NCB. If insurance is not renewed within the grace period, NCB lapses. There are certain things to take care if you are selling the car or changing the insurance company.

If you are changing the insurance company, make sure that you take the no-claim bonus certificate. Once you present it to the new insurance company, it will be implemented. It is important to take this proof as without this the discount cannot be availed.

No-claim bonus is offered to the person and cannot be transferred to the new owner if you are selling the car. Make sure that you get the no-claim bonus certificate from the insurance company before transferring the insurance. You can avail this benefit on your new car if you buy it within 3 years of selling the old car. The discount slab will remain the same as it was at the time of selling the old car.

Make the most of being a safe driver and avail the Bonus. It is the single most effective way of reducing car insurance premium.

Find Cheap Car Insurance Plans Online

A car holds great significance in life of an individual. When you have a car, you can tour any place at any point of time as per your whims and requirements. You have a sense of greater flexibility and control of your life. In addition to traveling, a car serves to be your private vehicle to reach you your office everyday punctually. In case, someone falls unwell in your family, you can pronto take him or her to the clinic in your private vehicle. Although, everyone dreams of owning an expensive car, but what usually holds them back is shortage of fund. There are myriad finance companies well-geared to lend financial aid on your request. Cheap car insurance company offers a great monetary assistance online.

Car insurance is also helpful in case something untoward happens. Life is always unpredictable and one can never know what would happen the next moment. There is every possibility of meeting with an accident and getting your expensive luxurious car misshapen. So, it would be better to stay prepared beforehand by making a rewarding investment in an insurance scheme.

Many people refrain from making any such sorts of investments, as it doubles up their monthly expenses. In addition to having to foot the heavy electricity bills, telephone bills and others, one has to spend a massive chunk of revenue after paying premium. The burden of having to pay monthly premium can be greatly reduced when you opt for cheap insurance for your automobile. If you explore online, a big list of cheap insurance providers can be found. Many companies offer the unique schemes and the process is not complicated to obtain them. One can speedily obtain the descriptions about various plans online. In addition to being easy to afford, in many countries vehicle insurance has been made mandatory by law. In countries like UK, if you do not own an insurance policy then you may not be allowed for driving. Many people feel avoid investing in insurance policies, for they find it unreasonable to pay for an assumed vulnerability. They tend to avoid worrying about the risk, thinking that if it has not happened thus far, it possibly may not happen in future ever. Having said that, it would be a wise move to stay alert and well-prepared for any hazards and buying an insurance cover to that effect would finally be fruitful in some or other way.

It is important not to take any impulsive decision when it comes to opting for an insurance scheme. One must take his time to go through every bit of information about the distinctive insurance schemes presented online, before arriving at a final decision. A hasty move may be the cause behind repentance in future. For past few months and years, an ever-rising curve is being witnessed in expansion of insurance companies. This is a practical evidence of continual escalation it its demand and popularity among masses. Searching for an automobile insurance scheme online is a convenient method to find a best suited insurance plan to secure your vehicle at the affordable rate.

Cheap Car Insurance is the author of this article on cheap car insurance. Find more information about cheap insurance.

How Young People Can Reduce their costly Third Party Car Insurance Premiums

The cost of car insurance in London is very expensive for young people. Under 25 are paying as high as 3 times as adults above this age for the insurance. This is even higher for young men who do not benefit from discounted prices as both young and older women do.

However, women are also set to loose this advantage after the European court of justice ruling which will see men and women pay the same in future. The high costs are certainly an expensive way for young people to start their independent life. There are things that can be done to reduce these expenses.

Adding Useful Devices

What you fit or do not fit on the vehicle will determine the price of the cover that you get. Fitting alarms and other security devices can help reduce the incidences of crime and vandalism and may lead to lower priced premiums or discount. You need to check with the third party car insurance agent to see if they have any discounts for it.

Another device that can be fitted to your car and is becoming quite popular in the UK is the black box. The objective of the black box was to try and separate young drivers and let them showcase their driving skills, instead of lumping them in one big group and subjecting them to an average of 2,000 a year in premiums.

The black box is fitted in the car and sends data to the insurer data collection center. The data analyses the driving style based on four main points; acceleration, braking, steering and speed. The data is then analyzed after every 3 months. If the young driver has met the criteria then the premiums are reduced immediately.

Companies that provide car insurance in London, which have been using this system have claimed that it has helped to reduce incidence of accidents and that the young people using these devices have 20% lower rates of accidents.

Costly Modifications

Just like adding these devices can reduce the costs, you need to watch out for modifications that may raise it. Young people are known to prefer modifications that will make their cars look cool and trendy. You need to watch for modifications such as alloy wheels which may significantly raise the cost of the cover. You may want to stay away from the expensive SUV or fancy cars unless you are comfortable about paying the amounts of premium that they require.

Taking Extra Lessons

Taking extra driving tests and lessons can significantly reduce your premiums. Many insurance companies will have these lessons and will subsequently have discounts ready for people who pass these tests. If you have the opportunity to take these tests, then do by all means and save money.

Make a point to drive responsibly especially when you are still under 25. A traffic offense can set you back a great deal and you will certainly pay more in premiums. Combining all the efforts will amount to very significant reductions in premiums that you get from third party car insurance companies.

Get Jeep Car Insurance Quote For Your Jeep Car Online

Jeep is such type of car that is widely used in the military because through this conveyance it is easy access to difficult locations like in jungles and roots spread around the mountains. This car is not widely used by the general public because it is expensive one and large cost occurs on its purchase so people generally avoid it to purchase. Those persons that have jeep cars and they are working in the military then for then our insurance company is available here to provide them best Jeep Car Insurance policy for them for this car. Our insurance company is basically designed to provide insurance policies to those people who are living in the UK and through our insurance policy they will find wide range of insurance plans for jeep cars and also for other car models as well. In our insurance company military men will find Cheap Jeep Car Insurance policy for their jeep cars through they can get lot of coverage plans. In our insurance company you will find Jeep Car Insurance Quote through you can get al the detail about our different insurance plans that we are offering to you.

If you are owner of the jeep then you can contact us through our site as well and visiting our site in detail you will find different categories about insurance policy which we are offering to your jeep car. In among different categories you can get detail about Jeep Car Insurance plans and you can find these plans for your old and for your new jeep car as well. Through our site you can find the tool through we will compare Cheap Jeep Car Insurance plans of different insurance companies and through this you will find best insurance plans for your car in cheap rates. By visiting out site you get Jeep Car Insurance Quote for your jeep car online as well and through this you can save your lot of money.

By taking our Jeep Car Insurance policy for your jeep car you will find different coverage plans like you can get breakdown coverage for your jeep car and you can get find coverage for jeep driver and for the jeep as well at discounted rates with no hidden charges as well. By taking our Cheap Jeep Car Insurance policy military men can get coverage for their personal equipment and can get coverage for the original car parts as well. So in this way they can save their car cost in suitable way and reliable way as well with our cheap service charges. We will also provide you service through we will compare Jeep Car Insurance Quote of different insurance companies and through this you can take right decision for taking insurance policy for jeep car.

Deductibles In Motor Insurance

Deductible, also called excess is the amount that is paid by the policyholder before the insurance comes into force. This amount is deducted from the total claim by the insurance company while processing it for reimbursement. In case of cashless claims, the deductible part is paid by the policyholder and rest is handled by the insurance company.

While a deductible reduces the chances of claim for the insurance company, it also reduces the premium for the vehicle owner. Higher the deductible, lesser the premium as a part of the damage will be paid by the vehicle owner.

Excesses can be compulsory and voluntary.

Compulsory Deductible
It is the amount that fixed and has to be paid by the vehicle owner before the any claim can be made. In India, since vehicle insurance is compulsory, the compulsory deductible is also fixed based on the type of vehicle.

Compulsory deductible for two wheelers:
For 2 wheelers less than 350cc: Rs. 50/-
For 2 wheelers above 350cc: Rs. 100/-

Compulsory deductible for two wheelers:
For Cars less than 1500cc: Rs. 500/-
For cars above 1500cc: Rs. 1000

For any vehicle claim raised, this amount is deducted from the claim before reimbursement or the cashless claim.

Voluntary Deductible
Voluntary deductible is the amount that the vehicle owner decides to pay himself in case of a claim.One needs to determine the voluntary deductible part at the time of taking the policy. It needs to be paid only if the claim arises. By taking higher deductibles, one can reduce the motor insurance premium substantially. Taking high deductibles can also go adverse if it is set too high. One has to bear the deductible amount when the claim arises and if it is too high one may actually loose on all the premium savings.

One needs to be cautious if one is opting for the voluntary deductible. It needs to be kept at an amount one can easily afford to pay for damages at a given point.

What Is Auto Insurance

By ‘Auto Insurance’ we mean insurance of any motor vehicle. In other words it can also be termed as Motor Insurance. The insurance could be for two wheeler, four wheeler and commercial vehicles running on road.

Motor insurance
A person buys insurance to overcome financial losses relating to auto accidents, damages, thefts, etc. arising for self or to the third-party. Instead of paying from ones own pocket for such auto eventualities, one prefers paying annual premiums to the auto insurance company, which in turn takes liability for all or most of the costs vis–vis an auto accident or any other damage, theft or loss etc., including third-party liability.

Third part liability
Whenever you think of buying any motor vehicle, the first thought to come to your mind should be to go in for comprehensive motor insurance cover with third-party insurance cover. Third-party insurance is mandatory. Whereas cover towards damage, theft, loss etc to the vehicle is limited and restricted to mutual agreement between the insurer and the insured, the liability towards third-party insurance is unlimited. In the event of an accident resulting in physical injury or death, the insurance company is to bear the whole compensation due to the third-party. Taking into account the third-partys earnings, age, liabilities etc., the court decides the quantum of compensation towards the injuries or death caused to the respective third party.

Noteworthy points for auto insurance

Most of the state governments have mandated to purchase a minimum amount of auto insurance cover. However, the insurance premiums vary taking into account various factors like the individuals age, gender, driving experience and record, particularly accidents and traffic violation history etc. Many persons buy extra insurance cover for more protection. The amount of premium may thus be higher for extra insurance cover. Likewise premium can be reduced also by opting to go in for more risks, i.e. enhancement of your deductibles.
Most of the auto insurance companies give the cashless facility at innumerable empanelled hospitals. The facilities offered are hospitalization, broken limbs, burns, heart-care, brain-care, psychiatry, surgery, room service, services of surgeons, anesthetist etc. etc. In case one is treated at non-empanelled hospital, a reimbursement bill is accepted and settled for respective disease within the limits of the agreed insured amount. 24X7 personal assistance and services to settle the bill are offered.

Online motor insurance
It is always useful to opt for online motor insurance plans. Online motor insurance offers a lot of options, is easy, simple and cost-effective. So when you decide to shop motor vehicle insurance, explore advantages of online shopping. You will find multiple benefits. Just call for multiple online quotes from various insurance companies. The quotes can be offered free of cost. After calling for a number of quotes just spend a bit of time and go through them carefully. You will find very many fascinating options. Shortlist some of them and then choose the best one for you.

Auto Insurance Quotations

For the Best Car Insurance Quotation, Go Online

Insuring your car is no longer as taxing as it used to be. Ironically enough, you dont have to drive around in your car to find the best auto insurance company with the best quotations. Before buying any insurance policy, however, it is best to shop around first. Ask for several insurance quotations and choose the best one.

But not everyone has the luxury of time. Not everyone can go and visit different insurance agencies and consult with insurance experts. But as I mentioned, all these things, all the processes of that has anything to do with purchasing auto insurance coverage can be done online. And online, it can be done faster and efficiently.

Online insurance agencies employ professional insurance experts, too, to provide online answers to whoever chances upon their web site. So, you can be sure that the answers you get from reputable online auto insurance web sites are dependable and legit. Basically, all the services provided by the auto insurance agency in their office will also be offered in their web site. So, youre not missing anything, really.

There are two most well known car insurance policies in the market. These are comprehensive coverage and collision coverage. If you have comprehensive coverage, you will be covered for damages to your car not caused by collision. For example, if your car catches fire, comprehensive coverage will take care of you. Sometimes, when you leave your car in a public parking lot, vandals can get to it. Not to worry, though, comprehensive coverage will take care of that, too. Theft, flooding and other acts of God is covered by comprehensive coverage.

Now, when the damage to your car is caused by collision with another car, then collision coverage (as the name suggests) will cover you. Of course, collision will kick in if the accident was your fault. If the accident was caused by the other driver, his or her collision coverage should be the one to take care of things.

Always be mindful when applying and getting auto insurance coverage. Make sure that the insurance coverage you purchase will provide full coverage when you need it. Ask for several quotes, scrutinize all of it and chose the best one. Consider your budget also.

Now, the type and the value of the car to be insured matters a lot when insurance premium rate is concerned. Usually, the more expensive and high end the car is, the higher the auto insurance premium will be. With sports cars and classic cars, these cars are believed to be more likely to be stolen. You may go online to find out about the list of theft prone vehicles. Because of this high incidence of theft among these cars, the auto insurance premium rate will be higher than usual.

If your driving history is clean, meaning you dont have traffic or road violations listed there, this will affect the auto insurance premium rate positively. The auto insurance company will believe you to be a safe driver and will consider you a low risk customer. If youve been driving safely for a very long time now, based on your driving history, then you will continue driving safely in the years to come. The premium rate that will be quoted you will then be lower.

Knowing all these things, you can now go online and get insurance quotation with an informed background.

Auto Insurance Advice That Anyone Can Follow

Before purchasing insurance, shop around for the best price. Each insurance company will focus on different factors when deciding the cost to you. By shopping around, you can really save money.

It’s important to do your research before purchasing auto insurance. There is a wide variety of coverage available; being knowledgeable about each type will help you make a better purchase. There is more involved in the cost of your insurance policy, than just the number of cars you have covered. Injury claims, death and legal costs are covered by the bodily injury part of the insurance.

To save money when pricing car insurance for your teenage driver, make sure you price out a separate policy for them and compare the cost to how much it will change the price if you add them to your current policy. Depending on the vehicles involved it is sometimes cheaper overall to buy them a different policy.

Before you buy any “extras” for you car, have a conversation with your agent to see if this would change your auto insurance premiums. Your high end muffler may have cost you a fortune but if it is appraised at a low value, then you are at a net loss if your car gets stolen.

If you are driving, a lot of state require liability insurance. As a citizen, it is your responsibility to be aware of your state’s auto insurance requirements, and to maintain a policy that meets or exceeds the minimum levels of coverage mandated by your state. If you get into an accident, and you do not have insurance you will suffer financially, but there is also a chance that you can get in legal trouble.

Determine what types of coverage you need on your car insurance. There are a many insurance options available for you, but it will not make sense for you to use some of them. If you find that you are involved in many accidents, you should include collision coverage in your policy.

When selecting your insurance policy, be sure to get quotes from several different agencies. Rates can be very different depending on which company you choose. Shop around for rate quotes at least annually in order to know you are not paying too much. When comparing quotes, be certain the degree of insurance offered is identical.

Do not spread your car insurance bill into monthly payments. It is common for insurance agencies to add around $4 to a monthly bill. It may not seem like much, but it adds up quickly. If you have tons of other monthly bills, it can quickly become a large burden. IF you have less payments you are better off.

Geographical location can have either a negative or positive affect on your insurance premiums. Insurance rates vary due to the chances of theft or accident, and suburbs and rural areas are generally cheaper than cities.

Talk to your automobile insurance agent and have them give you a list of the discounts they offer. To ensure that you are receiving as many discounts as possible, study the list carefully and note any that are relevant to you.

When considering a switch in insurance coverage for your automobile, be sure to continue your existing coverage during the search. Do not go without insurance for any reason because you can always get into an accident.

There are wide variations among insurance carriers. If you don’t like the first quote you get, request quotes from other insurance companies.

If you have tickets on your record, you can pay more for your car insurance. However, your rates will decrease once these negative items fall off your driving record. When they go away, you can get some other quotes.