Vehicle insurance companies base their premium calculation on the information provided by policyholders and therefore it is important to give accurate information and update them when there are changes. The address where the insured vehicle is garaged is of utmost importance as insurers use this information to assess the risks associated with the vehicle’s location. Certain…
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Does Auto Insurance Increase with Senior Age?
Underwriters consider various factors when calculating car insurance premiums, and age is among them. Generally, individuals in the middle-age to 70-year-old range are more likely to receive favorable rates for their vehicle insurance. This specific age bracket is widely acknowledged as a stage characterized by extensive driving experience, where drivers are considered highly skilled and…
Continue readingCompulsory Vehicle Insurance: Laws and Compliance
Compulsory automobile insurance refers to the mandatory coverage that must be purchased according to state laws before driving a vehicle on public roads. The primary objective of this insurance is to provide financial assistance to victims who suffer injuries or property damages due to a vehicle accident caused by another person. Let’s delve into the reasons…
Continue readingHow to Get the Most Affordable Car Insurance
Every driver is unique and policy requirements are as different as people. While some don’t mind paying a few dollars extra for a deluxe coverage, a few motorists would need the most affordable auto insurance. There is no right or wrong when it comes to making a policy choice. But vehicle owners should determine the…
Continue reading10 Personal Factors Affecting Auto Insurance Prices
A few things that affect car insurance premiums are personal. People’s preferences and changes in their life determine what coverage they should have and how much they need to pay. Therefore, you have pretty good control over the costs as even small adjustments can save a lot of money. Here are some of the individual…
Continue readingAm I a Homeowner if My Spouse Own our Home?
Does your name have to be on the title to be considered as homeowner? What if one of the spouses alone owns the home they live in? Can the other still claim homeowner and other related discounts when buying car insurance? Naturally yes. Most companies see married couples as one. For example, they may allow…
Continue readingWhat Is Secondary Auto Insurance Coverage?
The idea of primary and secondary car insurance coverage comes from the fact that you cannot double dip when you have a loss. If you have two separate policies dealing with the same risk one becomes the first in line and the other supplementary. They may end up handling different losses in the same incident…
Continue readingWhich Car Insurance Companies Don’t Check Credit
You may be in a poor state financially or just too young to have any meaningful trail to account to any score and you may want to buy or renew coverage. You would naturally be worried because bad credit automobile insurance can be expensive. Therefore you need to know all the options available to avoid…
Continue readingHow Does Auto Insurance Cover Hit-and-Runs?
If someone causes an accident and flees the scene, motorists have to rely on their own vehicle insurance policies, providing they have coverage for hit and run accidents. Uninsured Motorist Bodily Injury, Personal Injury Protection or Medical Payments coverages can pay for your and your passengers’ injuries and Uninsured Motorist Property Damage or Collision coverages…
Continue readingAre Hybrid Cars more Expensive to Insure?
Companies consider model, safety, price and popularity while calculating quotes. And some offer eco-friendly hybrid auto insurance discounts. They are a bit different in several ways than the ones with totally petrol-operated engines. In time there would be plenty more information and statistical data about them. This could improve or worsen their position in terms…
Continue readingWhy Do Insurance Companies Ask for Social Security Numbers?
Social Security Numbers are unique identifiers as one given to each person. When auto insurance companies want to pull reports on you to verify the information you provided on a quote form or to an agent, check further into your eligibility for coverage and decide how much premium they should charge, they need your social…
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