4CarInsuranceQuotes.com Shop multiple carriers (3-5 minimum). Prop 103 guarantees you a 20% reduction in premiums after safe driving for 3 years.New cars will raise your rates because the insurer is risking more, even with rapid depreciation. After day 14, you will have no coverage unless you have notify the insurer and add the car. If you allow your insurance to lapse, you must send proof of insurance in 45 days or face a 1 year suspension. Ask for Replacement Coverage if you have a new car, less than 1 year old.

1. Insuring New Cars
Door to better car insurance
in California
By Craig J. Casey
4CarInsuranceQuotes.com

2. #1 Tip
• Shop multiple carriers (3-5 minimum).
• It’s not possible to overshop for car
insurance
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3. California Car Insurance Premiums
• Prop 103 guarantees you a 20%
reduction in premiums after safe
driving for 3 years.
• New cars will raise your rates because
the insurer is risking more, even with
rapid depreciation.
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4. Grace Periods
• On days 5-14, your new car will carry
the same insurance as your best
coverage.
• The rates will go up, if the new car is
worth more.
• After day 14, you will have no
coverage unless you have notify the
insurer and add the car.
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5. Driving without insurance:
• If you allow your insurance to lapse,
you must send proof of insurance in 45
days or face a 1 year suspension.
• You must pay a reinstatement fee.
• If you have an accident, you face
license suspension for 1 year.
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6. Ask for Replacement Coverage
• If you have a new car, less than 1 year old.
• Better than actual cash value (for used
cars).
• Will not cover gap, the difference in your
loan balance.
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7. GAP Guaranteed Auto Protection
• For paying off your car loan if your
vehicle gets totaled.
• Shop as soon as you sign the contract
or within 30-90 days of purchase
• Your down payment was 20% or more,
your gap is filled with your equity.
• Could cost you up to 5% percent of the
vehicle´s sticker-price.
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8. Cheapest new cars to insure, 2010
Make Model National avg. rate
Chrysler Town & Country LX $1,091.80
Toyota Sienna $1,100.66
Toyota Sienna LE $1,107.70
Honda Odyssey LX $1,114.62
Nissan Murano SL $1,127.89
Jeep Wrangler Unlmted Sport $1,131.27
Honda Odyssey EX $1,138.16
Toyota Sienna $1,142.94
Ford Escape XLS $1,150.26
Toyota Highlander $1,154.02
*Courtesy of Insweb
4CarInsuranceQuotes.com

9. Most expensive new cars to insure, 2010
Make Model National avg. rate
Mercedes SL65 AMG $3,543.81
BMW 750i $3,280.70
BMW 750Li $3,280.70
Mercedes SL63 AMG $3,263.46
Mercedes S65 AMG $3,220.86
Aston Martin DB9 $3,120.45
Mercedes CL600 $3,114.28
Porsche 911 Carrera S $3,092.31
Aston Martin DB9 Volante $3,088.96
Mercedes G55 AMG $3,086.49
*Courtesy of Insweb
4CarInsuranceQuotes.com

10. Pay as you drive Insurance
• Great if you drive ultra low miles, less than
2,000 miles.
• Offered through State Farm, CSE
Safeguard Insurance Co., Sequoia
Insurance Co. and Auto Club of SoCal.
• Can save you up to 45%.
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11. California Online Drivers Education
• Fully accredited drivers education course
completely online.
• Can save you up to 10%.
• Cost around $100, which you can recover
in a few months.
• DriversEd.com A+ @ BBB
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12. If you pay cash for your new car
• You are only required to have full
coverage if your car is leased or financed.
• Drop Comp and collision if your car is
worth less than 1000% of the annual
premium (or find a cheaper carrier).
• Get uninsured motorist coverage
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13. About Me
• I’m a dad, husband, wrestling coach, and
gonzo financial writer. I also an official
slidegeek.
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14. Connect
• Craig Casey on Google
• Facebook.com/craigcasey85
• info@4carinsurancequotes.com
• Youtube.com/4carinsurancequotes
• Facebook.com/4carinsurancequotes
• Get car insurance quotes on my website
below!
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