Even if you are not at fault in an accident, it may still increase your premium 10% on average, according to the CFA study. If your car insurance company ends up paying for your damages, they are most likely to increase your rates as it costs them money. But the increase will not be as…
Continue readingMonth: April 2014
Guide to Selecting Car Insurance with Best Coverage & Value
When drivers assess their driving abilities and potential losses, they often display either excessive optimism or pessimism. Consequently, they commonly make two mistakes when selecting auto insurance: either choosing excessive coverage that overestimates their needs or opting for a minimal policy that lacks sufficient protection. Moreover, many drivers fail to allocate enough time to evaluate…
Continue readingWhat Is the Minimum Auto Insurance You Need?
The minimum car insurance coverage required in each state is designed to establish a baseline level of financial responsibility for motorists. It ensures that drivers have at least some insurance coverage in case they are involved in an accident and are found to be at fault. This helps protect the interests of the public. However,…
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