How to Get Best Extended Auto Warranty Quotes

Purchasing an extended auto warranty is extremely essential as it saves you from the high repair costs of the vehicle in case of a mechanical breakdown. An extended auto warranty gives the vehicle owner peace of mind, and it also helps in increasing the resale value of the vehicle. Nowadays, there are various insurance companies that offer extended auto warranties, and it often becomes confusing for a consumer to decide which extended warranty he should buy. You can start by getting quotes and comparing them as it will help you in making the right decision. Here are some ways in which you can get extended auto warranty quotes:

You can get extended auto warranty quotes by visiting the office of extended warranty providers. You can meet their representatives personally and tell your requirements and they will tell you which extended warranty will suit you the best. This method can be quite time consuming as you will be required to take a prior appointment and then drive all the way to their office for taking extended auto warranty quotes.

Another method is to spend some time in doing online research. As the top insurance providers always maintain their websites, you can browse through different websites and request quotes. This method saves you the time spent in commuting and discussing things with representatives of insurance providing firms. But, browsing through various sites and studying all the quotes and comparing them can be quite hectic as well.

The easiest and best method of getting extended auto warranty quotes is to find a comparison site that gives you quotes of different companies under one roof. Such websites have state-of-the-art softwares with the help of which they can browse through extended warranties provided by topmost companies, and you get the quotes of warranties that best suit your requirements.

If you are looking for the best extended auto warranty quotes, then USFidelis.com is your destination. US Fidelis uses it proprietary software which researches through hundreds of plans from top extended warranty providers to get you the quotes that suit your budget and requirements. Another benefit of using the services of US Fidelis is that all the warranties here are completely transferable which means that in case a person sells his vehicle, the next owner can enjoy the benefits of the extended warranty. The transferable US Fidelis warranty also makes it easy for the customer to sell his vehicle as everyone prefers a car which will not burn a hole in their pocket with expensive repairs.

Customers can also create a custom US Fidelis warranty and this warranty by US Fidelis allows them to make an unlimited number of claims and choose ANY repair facility or dealer as per their preference and convenience. Customers can request a quote at US Fidelis in two easy steps, and all they need to do is to fill in personal information and information about the vehicle. To know more about the amazing services of US Fidelis, browse through http://www.usfidelis.com

Top 10 Auto Insurance Myths

The color of my car determines my auto insurance rate. My credit score has no bearing on my insurance premium. I have auto insurance coverage so my new car is already covered… right? Maybe not! Below is a list of fallacies many car owners believe and drive by each day. The truth just might make you change course.

Myth #10: "No-fault insurance means it's not my fault!"
False. Basically, no-fault insurance means that your insurance company pays for your damages regardless of who's at fault.

Myth #9: "The color of my car affects my insurance rate."
False. The color of your car does not impact your car insurance rates. What does influence your rate is your vehicle's year, make, model, body type, and engine size, along with your credit history and driving record.

Myth #8: "If I lend my car to a friend and that friend is in an accident, his or her insurance company will pay for the damages."
False. Your car, your responsibility! However, your friend's insurance could act as excess insurance if the damages exceed your policy's limits. And guess what, even though you weren't present at the time of the accident, it will go on your insurance record and your insurance premium could go up.

Myth #7: "My insurance rate is set by the government."
False. The government does not set your car insurance rate. Your state's insurance department only regulates the rates car insurance companies are allowed to set. Where you live, your credit score, marital status and your driving record is what actually affects your premium.

Myth #6: "I recently paid my insurance premium, so the new car I just purchased is covered."
True, up to a point. Most insurance policies require that the policyholder notify the car insurance company or agent within a specified number of days after purchase.

Myth #5: "It's a fact. Males under the age of 25 pay more for auto insurance."
True and false. Males under 25 years old usually pay more for car insurance than female drivers under 25. However, across the board, teenagers and seniors pay more for auto insurance, in large part because these age groups are typically involved in more automobile accidents.

Myth #4: "My credit score has no effect on my insurance rate."
False. Your credit score really does matter! Many Insurance companies take your credit score into consideration when you want to purchase, change, or renew your auto insurance coverage.

Myth #3: "Even without comprehensive coverage, I'm still covered for theft, windstorms, hail and deer accidents."
False. Many drivers believe that if they only purchase collision insurance—which covers damage to your car resulting from driving accidents—that they will also be covered for incidents that involve vandalism, hail, animal accidents and fires. That simply is not true. You need to purchase both collision and comprehensive coverage in order to fully protect your vehicle from all of these situations.

Myth #2: "My personal auto insurance covers both my personal and business use of my car."
Be careful. It might be able to cover it, but you need to check with your car insurance company. If you occasionally use your personal car for business purposes such as transporting clients, going to and from meetings or hauling business equipment, then you will more than likely need to extend your personal car insurance to cover your business use. Plus, if your employees use their car while working for you, you will want to also obtain a separate non-owned car insurance policy.

Myth #1: "I've never had or been involved in a car accident, so I don't need automobile insurance."
False. Some drivers are lucky enough to avoid accidents. However, car insurance is the best protection you can have in the event of an auto accident. You are also legally required to have some form of auto insurance, and failing to do so can carry strict penalties.

Will AIG Sell its Auto Insurance Business?

Consumers can look to states for protection before and after a sale.

In last Tuesday's address to Congress, President Barack Obama promised to reform the nation's regulatory system to "ensure that a crisis of this magnitude never happens again." That crisis has affected financial institutions worldwide, causing consumers to question the safety of their money and other assets.

When it comes to insurance companies, American International Group (AIG) has been a high profile target of criticism. While we can't attempt to evaluate its worldwide operations here, we do offer some thoughts on what we know—auto insurance. (Full disclosure: Insurance.com has partnered with aigdirect.com for many years. Their insurance product is now branded 21st Century and is marketed on our site and across the country.)

New financial assistance to AIG gives the company additional cash in exchange for a stake in two of its companies. The government announced today that it granted a new package of relief because the company has spent the cash granted previously but has not yet found buyers for pieces of the company it had hoped to sell in order to repay the government some $150 billion. Today's package gives AIG $30 billion on an "as needed" basis. And, instead of paying back $38 billion in cash with interest that it has used from a Federal Reserve credit line, the company has agreed to repay that debt by giving equity stakes in Asia-based American International Assurance Co. and American Life Insurance Co., which operates in 50 countries.

If you have a policy with AIG today, you're protected. The individual AIG company that is licensed to sell auto insurance in your state is regulated by your state department of insurance. Each insurance company has strict legal restrictions on how they invest their money (your insurance premiums) and the amount of money (called a loss reserve) they must have on hand to pay future insurance claims. State regulators have one primary responsibility—and that is to make sure that the companies they regulate have enough cash to pay claims. Insurance commissioners from numerous states, including New York, have publicly asserted that the claims reserves for AIG's Auto Insurance companies are solid.

If AIG sells its Auto Insurance companies, you're still protected. Recently, it's been reported that Zurich Financial Services Group is considering purchasing the auto insurance companies owned by AIG. Zurich has a global network of companies, and sells auto insurance in the United States through the Farmer's Insurance Group, the 3rd largest property-casualty insurer in the U.S. So, a sale to Zurich means that your policy would eventually be owned and serviced by a company with a long and profitable record of insuring cars and homes. Farmer's earns a Financial Strength rating of "A" (Excellent) from A.M. Best Company, an independent firm that rates the financial strength and performance of insurance companies. If a sale occurs, you will be notified of how your policy might change—subject to state laws, of course.

Would federal regulation of the insurance industry give me more protection? There's plenty of debate on the issue. The current crisis within financial institutions does not revolve around the individual insurance companies themselves—but rather the holding companies which are engaged in other types of business.

Regulatory reform may be necessary, but state insurance regulators are nearly unanimous in stating that federal regulation could significantly complicate the current system. And Federal Reserve Board Chairman Ben Bernanke said Tuesday that federal regulation of financial institutions needs to be "…a much more elaborate version of the Federal Deposit Insurance Corporation… that would apply to large financial institutions of various types, that would give guidance to regulators under appropriate checks and balances about under what circumstances the regulators could come in and shut down a firm in a safe way that doesn't disrupt the financial markets." In other words, simply shifting regulation of insurers from states to the feds won't do it, because the holding companies are financial institutions and are not regulated as insurance companies.