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…

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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…

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Auto Insurance without Drivers License

You need to be licensed to drive but do you need a license to get car insurance? Can you get insurance without a driver’s permit or with a suspended one? Is there circumstance that justify buying insurance when you cannot drive the insured car because you are not licensed to do so or legally prohibited from driving any vehicle? These…

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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…

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