Megan recently wrote a post on the CoverHound blog explaining how CarWoo! is revolutionizing car buying. Now we’ve gotten Basil to return the favor for the Chronicle. Learn about another industry that needs to be seriously rethought – car insurance.Since you’re on the CarWoo! site, you’re the choir to which we preach. We won’t have to get out the bullhorn and be so dogmatic with our pro-Internet-comparison-shopping pitch. Continue reading
Author Archives: Basil
How Does a Poor Economy Affect Car Insurance Rates?
Basil Enan is the CEO of Coverhound.com, a website that helps consumers get the best deal on their car insurance.
Just as with many other products and services, a bad economy causes insurance premiums to hike as well. There are a couple of reasons behind this: Continue reading
Can Parking Tickets Affect Your Car Insurance Premiums?
Parking tickets, in themselves, won’t affect your car insurance your premium, but failing to pay your tickets for a long time can come back to jack up your monthly premium. Continue reading
Least Insurable Cars of 2012
Now that we’ve covered the best cars to insure in 2012, let’s shift gears to look at a couple of the worst, or most expensive. Continue reading
What Kind of Car Insurance Coverage Do I Need?
The fine subtleties and inner workings of car insurance coverage is one of the great mysteries of the modern world. But fear not – CoverHound is here to help!
Continue reading
Best Cars for Low Insurance Rates Part 2
Basil Enan is the Founder and CEO @Coverhound, a platform providing personalized rates and news for drivers shopping for car insurance.
In a post here last month, I discussed the best cars for low insurance rates. The basic conclusion was that 3 general factors determine the cost of insuring a specific: damage susceptibility, safety ratings and likelihood of theft.
More to the point, you may get some FB likes from your friends for buying a new Land Rover, but you won’t really save much (if anything) on your car insurance premiums. Continue reading
Five Myths About Auto Insurance
Basil is the CEO of Coverhound.com. He writes weekly articles for the CarWoo! blog about how to find the best deals on auto insurance.
Working in the insurance industry, we get a lot of customers who come to Coverhound with misconceptions about the prices or coverage they’re going to get from their insurance. So I’ve decided to write an article to clear up some of the most common myths: Continue reading
Maintaining Your Auto Insurance
Auto insurance companies are not a very forgiving group; their rather cynical worldviews foster the idea that people will repeat their mistakes and imperfections. Consequently, it’s very important for you to try and maintain a squeaky clean record for your insurance coverage. When the insurers price their policies, they try to figure out how long that the policy will be kept by people who buy it. Given this, if your insurer thinks you will be holding the policy for a long time, they will charge less for a given policy and is thus very good for you. If there are lapses in your coverage, carriers may charge you up to 20% higher, or even refuse you coverage. Here’s what you can do to avoid bad news bears.
Best Cars for Low Insurance Rates
Basil of Coverhound.com gives the heads up on which are the best cars for low insurance rates.
There are many factors that insurance companies look at when calculating your insurance rates, and while most have to do with you and your driving history, the type of car you drive also plays an important role.
While most insurers don’t make public their specific vehicle ratings or the information on which they base their calculations, it’s not difficult to make your own assessments. The main factors determining the cost of insuring a specific vehicle are damage susceptibility, safety ratings, and likelihood of theft. Continue reading
How Many Auto Insurance Discounts Do You Qualify For?
When filling out auto insurance quote forms, one of your top priorities must be accuracy; incorrect information can, among other large headaches, price increases by carriers and potentially missing out on special discounts.
Agent versus Direct: Choosing Your Car Insurance Carrier
Buying car insurance plays a pivotal role in the holistic process of buying a car; people can choose to have local agents service the insurance for them, or choose to be serviced directly by carriers. Often, people choose to simply go with the policy with the lowest premium, but there are facts and myths with both. Here’s what you need to know.