Utilizing market share is an undeniable method for ranking the leading car insurance carriers in the US. The number of policies they sold last year is a factual statistic, rather than a subjective opinion. Size serves as a definitive indicator of popularity. Selling policies in substantial volumes can only be achieved through consistent adherence to…
Continue readingMonth: November 2013
Should You Change Car Insurance Deductibles?
Deductibles are often ignored or their functions aren’t appreciated and can be used just like adjustment knobs on a policy. When they are turned up the premiums can go down while the out-of-pocket amount in case of claims go up. That is why they should be seen as tools to fine-tune vehicle insurance costs and…
Continue readingDo I Need Custom Parts and Equipment Coverage?
This depends on the value of custom parts, state you live in and insurer. Some car insurance companies like Progressive offer up to $1,000 custom parts and equipment (CPE) coverage automatically in their policies, providing there is physical damage coverage already. And some states allow such provision in policies while in others you have to…
Continue readingWhat to Do if Car Insurance Is Cancelled?
At times, automobile insurers have no option other than cancelling the coverage. Perhaps not at an alarming rate but terminations happen and motorists get caught unprepared. Probably the first thing vehicle owners would be thinking is how to get covered again, if they can and want to still drive. So, they have to figure out…
Continue readingCan Someone Else Drive my Car If I Have Insurance?
Standard auto insurance policies cover policyholders, listed drivers and occasional drivers who use the car with the permission of the owner. So, owners won’t be in legal trouble when they let someone else drive their vehicles on occasion since they would be covered by their policy. Essentially, an occasional driver is someone who doesn’t live…
Continue readingCan I Change my Auto Insurance Anytime?
To ensure that their car insurance policies reflect accurate and up-to-date information, policyholders are typically required to notify their insurers of any changes in their details or circumstances. This allows the insurer to make necessary adjustments to the policy, such as updating the address, replacing the insured vehicle, adding or removing drivers, and so on….
Continue readingWill My Car Insurance Cover My Out of State Travels?
Your auto insurance policy will cover you wherever you drive in the US for short travels. Most policies cover travels to Canada as well but don’t cover Mexico. When you travel to another state, your current vehicle insurance will provide at least the minimum coverage required in states you visit as well as honoring your…
Continue readingHow Much Does Adding a Driver to Insurance Cost?
People naturally worry about rate increases when they need to include one more person to an auto policy. Most people are under the impression that premiums would always go up after adding a driver to insurance. Although this may be the case most of the time, it is certainly not always. So, let’s have a…
Continue readingHow Does Auto Insurance Cover Thefts?
Vehicles can either be stolen in their entirety, along with their contents, or they may be broken into to pilfer items from inside. Additionally, cars may remain unrecovered or reappear days later with varying degrees of damage. Sometimes, only specific components may be taken, leaving the vehicle in its original location. You need to have…
Continue readingAre Auto Insurance Companies Regulated and Safe?
The safety and reliability of their vehicle insurers are paramount concerns for policyholders. There are various mechanisms in place, including checks, balances, rules, and regulations, to ensure the safety and reliability of car insurance companies. These measures apply uniformly to all companies, regardless of their size. However, larger companies may undergo more rigorous scrutiny due…
Continue readingPre-existing Damages and Vehicle Insurance Claims
How auto insurance companies would know which damage is pre-existing and which ones are caused by an accident the claim is submitted for. Probably many people are tempted to try and include other repairs as well since the vehicle is in the garage. This may sound like an innocent thought. However, they aren’t known for…
Continue readingWhat Is Combined Single Limit Liability Car Insurance Coverage?
Your auto insurance policy offers coverage for liability, which can be provided through either a split limit or a combined single limit. The specific limit type determines the extent of coverage your insurer provides in the event that you caused bodily injury or property damage to third parties. A combined single limit policy applies a…
Continue readingHow Many Auto Insurance Quotes Should I Get?
There are so many factors affecting your vehicle insurance premium like traffic tickets, accidents, claims, your credit score, insurance history, zip code, details of the vehicle and other listed drivers and every one of them has the potential to lower or increase rates applicable to you or qualify you for discounts depending on the company…
Continue readingDoes Auto Insurance Cover Personal Items Stolen from my Car?
Car insurance does not normally provide coverage for personal belongings left in vehicles like phones, laptops, other gadgets, golf bags, cameras or related equipment. Insurance policies such as home content or electronic device insurance are better suited for theft coverage of items individuals carry with them in their automobiles. Comprehensive coverage under auto insurance pays…
Continue readingHow to Review an Auto Insurance Policy
Reviewing their vehicle insurance policies is essential for every motorist, especially in today’s digital era where more people are arranging coverage online. By delving deeper into your policy documents beyond the basic details found on your insurance card or declaration page, you can gain a thorough understanding of your coverage, limitations, requirements, and exclusions. This…
Continue readingInsurance Coverage when Driving Someone Else’s Car
Understanding the implications of insurance coverage, both yours and the owner’s, is crucial when borrowing someone else’s car. While standard policies typically provide liability coverage when the policyholder is driving another person’s vehicle, they do not normally include physical damages coverage. Therefore, it is important to communicate with the car owner and inquire about their…
Continue readingCheaper Car Insurance for Women
Statistical figures and other findings conclusively favor them. It is hard to argue that there should be equality when one side is clearly more perilous. The difference between auto insurance premiums charged to men and women prove this point conclusively. Probably the point to look at is fairness, as most people would accept what is…
Continue readingCan I Drive an Uninsured Car with My Insurance?
Normally, standard auto insurance policies provide liability only coverage when the policyholder causes an accident when driving someone else’s uninsured car. You buy coverage for a particular automobile but often this coverage extends to other vehicles you may drive under certain circumstances. With a current car insurance policy, insured drivers (policyholders) can drive an auto…
Continue readingWhat Is the Difference Between a Traffic Ticket and Citation
Motorists receive a ticket when they get caught breaking the traffic rules like parking in the wrong place, excessive speeding, reckless driving, not following traffic signals and driving under the influence. We often hear the word “citation” with similar infractions but there is no difference between a ticket and citation. Ticket is used more widely…
Continue readingLimited Use Auto Insurance Policies: Cost-Saving Options
Many car insurers have their own assumptions regarding vehicle usage and ways of including it in their premium calculations. If you don’t provide insurers with precise information regarding your vehicle usage and mileage, they may calculate premiums based on a typical driver’s profile. Limited use car insurance policies provide an alternative approach that allows policyholders…
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