Low or No Down Payment Car Insurance

Nearly all insurers provide flexible payment plans that allow policyholders to spread the premium. However, a few companies would require large initial payment and spread the rest in installment. This first payment is called down payment. On the other hand, some companies do refer to their policies as no down payment auto insurance policies because…

Continue reading

Does Your Education Affect Car Insurance Quotes?

Education of motorists does affect the premiums they are charged for vehicle insurance. There are various studies that show the premiums can be lower for people with university degree or a respectable profession compared to high school graduates with low income jobs. Changes in Factors Affecting Vehicle Insurance Rates Lately companies use many auto insurance factors that…

Continue reading

What Is Utmost Good Faith and Duty of Disclosure?

Question: What Utmost Good Faith and Duty of Disclosure mean in terms of auto insurance and in layman’s terms? They sound like legal terms. Answer: Auto insurance policies are contracts that bound both the insurer and the policyholder. Utmost Good Faith require both parties to observe and honor this contract conditions. In layman’s term, the information you exchange…

Continue reading

Vehicle Insurance Glossary

It is very helpful to know some of the terminology when you are buying or looking at your auto insurance policy. These terms are not as complicated as you may think and they will stay in your mind once you learn them. Otherwise, it may be confusing to go over your vehicle insurance coverage. Every…

Continue reading