Providing you purchased the required coverages, car insurance policies offer financial assistance when you are involved in accidents or suffer losses due to other perils by paying claims against you when you cause accidents and compensating you for your own damages and injuries. The most common types of vehicle insurance coverages include liability, uninsured/underinsured motorists,…
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What Is the Most Important Auto Insurance Coverage?
When driving, liability coverage is the the most important car insurance coverage you need for many reasons. Every state mandates that vehicle owners provide proof that they can meet their financial responsibility if they cause injuries and damages to other people in an accident they are at-fault and require purchase of liability coverage at least…
Continue readingHow to Get Lower Sports Car Insurance Rates
Sports cars can encourage drivers to go faster, which can result in speeding tickets and accidents. However, an experienced driver can handle them much better than a young driver can. So, age, experience and driving records of the driver is a very significant factor in getting lower sports vehicle insurance rates. The next critical factor…
Continue readingPros and Cons of Staying with your Auto Insurance Company
After shopping around, comparing quotes, and identifying a car insurance provider that offers both competitive rates and reliability, it may make sense to stay with them until they lose their competitive edge, fail to meet your expectations, or your circumstances change in a manner that warrants switching to another carrier. Loyalty is a commendable quality,…
Continue readingAssessing Cheap Car Insurance Quotes for Coverage Quality
When searching for vehicle insurance, it is essential to carefully consider the specifics to guarantee that the coverage provided by an auto insurance quote is of high quality. While competitiveness of a quote or insurer does not inherently make it inferior (or superior) compared to others, it is common for agents and companies to caution…
Continue readingDo Low Income Drivers Pay More for Car Insurance?
Clearly, income isn’t a factor used directly in vehicle insurance pricing as insurers don’t ask applicants’ income. However, there are many indirect ways to take an applicant’s socio-economic background into account and rate accordingly. As a result, not only do low income motorists may get charged more but also they would feel the pain of…
Continue readingWhich Auto Insurance Coverages Can I Avoid Buying?
There are a few vehicle insurance coverage options to provide for third parties in case you injure or cause them damages, pay for your and your family’s injuries and damages to your vehicles as well as offering various financial assistance and help. Some of these cannot be avoided like minimum liability coverage required for virtually…
Continue readingHow To Check If a Car Has Insurance Coverage
There are often cases where motorists need to find out if an auto has insurance coverage or not and it may even be their own automobile. There are several sources keeping or able to find insurance details of cars and the state Department of Motor Vehicles (DMV) is one of them. The DMV usually wants…
Continue readingWhat Happens If You Lie on Auto Insurance Application
There is a fundamental principle known as the Utmost Good Faith, which forms the foundation of the insurance contract. This principle requires both the insurer and the policyholder to act honestly and transparently in their dealings. In the context of car insurance, this principle manifests as the duty of disclosure, meaning you have an obligation…
Continue readingDo Auto Insurance Companies Share Information?
Vehicle insurance companies use consumer reporting agencies to report a new claim, settlement and denial. And other companies contributing to this database can see and read the details of accidents, incidents, communications and decisions about it. Also, companies can read police reports about accidents, access Motor Vehicle Reports from DMVs and check credit scores. Carriers…
Continue readingWhat is Average Mileage Per Year?
It is the number of miles a vehicle typically travels each year and it is an important indicator in several ways. Auto insurance companies want to know the average mileage per year travelled when they calculate their premiums because the longer a vehicle stays on the road the higher the chance of them getting involved…
Continue readingAuto Insurance for Pickup Trucks
Many motorists like to own a pickup even though they don’t use it for any business purposes and many companies offer personal car insurance for pickup trucks. The premiums can be surprisingly cheap, depending on its size, safety features like airbags, use, yearly mileage, zip code and the insurer. However, pickup truck owners should inform…
Continue readingInsurance for New vs Used Automobiles
Vehicles’ ages don’t affect the way they are insured but their value either forces owners to buy more coverage or allow them to drop some of it. Although it isn’t always the case, insurance for a used car is cheaper than for a new vehicle, mainly because of their values and the gap opens up…
Continue readingWhen Does Car Insurance Start Going Down After Accidents?
Motorists enjoy low premiums until making a claim. Once an at fault collision goes on the record, they lose the good driver discount so they start paying around 50% more for car insurance. And this accident continues to impact premiums for three to five years depending on the company and state. However, the accident’s influence on…
Continue readingAutomobile Insurance after Divorce
During a marriage motorists normally get used to sharing automobiles and costs. Even a slight change in circumstances changes premiums and competitiveness of carriers so people are advised to look at their coverage and get alternative quotes. In the case of divorce, a lot can change from address to vehicles and listed drivers that often…
Continue readingHow Much Does Car Insurance Cost?
Average cost of minimum coverage liability auto insurance is around $620 in the US and Full coverage car insurance with better liability protection costs just over $2000. However, the premium difference between the most expensive state (New York $1,371) and cheapest (Iowa $223) is a whopping $1,148 for a basic liability policy and (Florida $3183…
Continue readingWhy Are Auto Insurance Rates Rising?
Lately we haven’t been able to catch a break with problems affecting every person and business. There is no escaping from an issue like inflation, which appears to be the main reason driving car insurance costs at the moment. Many motorists are surprised to see that their renewal quotes are coming high and it may…
Continue readingAuto Insurance Market Size and Competition
The size of the US car insurance market is $348.9 billion in 2022. Only 5 companies, State Farm, GEICO, Progressive, Allstate and USAA, have 60% share of the market, although there are many other well established carriers serving motorists. So, when motorists switch providers, they often replace one well established and largest vehicle insurer for…
Continue readingWhy Did My Auto Insurance Go Up?
It may not be clear to you yet but normally car insurance rates go up for a reason and mostly it is due to changes in your overall risk profile. Anything that increases your chance of getting involved in an accident or making a claim raises your premium. Below common changes in your driving history,…
Continue readingCar Insurance Companies with the Most Loyal Customers
Generally, auto insurance policyholders are very loyal to a point two thirds of them hardly ever shop around for years, even though there are countless advertisements advocating switch and save strategies. Still, having the most loyal following is proof enough that the companies below are doing a few things right so motorists should at least…
Continue readingHow Do I Find Out What My Car Insurance Covers?
After a while people may like to refresh their memories. Then, they will find the most important details of their auto insurance easily on the declaration (dec) page, which is usually the first page of their policy documents. Having a look at it will quickly reveal the information needed. Motorists can find out if they…
Continue readingWhy Do Car Insurance Rates Vary Widely Among Companies?
The world of automobile insurance quotes is a labyrinth of intricacies, leaving drivers bewildered by the wide disparities in pricing. Behind these variations lie a myriad of factors, as vehicle insurance companies employ diverse risk assessment methodologies and exhibit distinct underwriting practices. From age, driving record, and insurance history to geographical location, vehicle type, and…
Continue readingOut of State Auto Insurance Coverage
Vehicle insurance policies are flexible enough to provide coverage for travels in other states and even in Canada for shorter periods without needing any special arrangements. However, this changes when the stay becomes longer. There are circumstances that require special policy coverage arrangements to accommodate the need to stay in two different states for longer…
Continue readingWhy Some Cars Are Cheaper to Insure than Others
Reducing motoring costs is easy if you follow a few steps successfully. One of them is to pick a cheaper to insure automobile and enjoy low rates as long as you keep it. There are a number of reasons why insurance companies love some cars much more than others and they are mostly to do…
Continue readingCan I Have Two Insurance Policies on my Car?
Generally, buying one policy for your car is easier, cheaper, uncomplicated and provides all the coverage you need. Companies are flexible enough to include most coverage needed. And you can always try another company if you don’t get the protection you want from your current carrier. It is hard to find a good and legitimate…
Continue readingWhat If My Car Is Worth More than I Declared for Insurance?
Last year used car prices went up around 40% and created a situation in which vehicles insured appeared to be undervalued. It was a phenomenon that affected premiums at the end but nobody could have predicted such a thing and certainly policyholders had nothing to do with it. So, this was not a case of…
Continue readingCan You Insure a Vehicle with a Salvage Title?
No, car insurance cannot be obtained for automobiles with salvage titles. Salvage cars are those that have been deemed a total loss, rendering them too damaged to be worth repairing and legally unfit for driving. Once a car has been declared a total loss, it is typically destined for the scrapyard unless it undergoes sufficient…
Continue readingInsuring SUVs: Costs, Comparisons & Key Considerations
SUVs, or Sports Utility Vehicles, have gained significant popularity in recent years. These versatile vehicles offer ample space, enhanced safety features, and robust capabilities, making them a preferred choice for many motorists. When it comes to insuring an SUV, there are several key considerations that drivers should keep in mind. Let’s discuss the costs of…
Continue readingLow Mileage Auto Insurance Policies
If you are traveling less than 7,5000 miles a year you may be able to benefit from several car insurance policies geared for low mileage-drivers. A discount for low-mileage offers a percentage off of the cost of a standard policy. Although there are some companies who would offer a small discount for driving less with…
Continue readingAutomobiles with Expensive Insurance Rates
From the car’s make and model to its safety features, engine power, and repair costs, insurers carefully assess the level of risk associated with insuring a particular car. While insurance rates can vary widely, certain factors make some vehicles more expensive to insure than others. Factors such as powerful engines, high-tech features, and the luxury…
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