Especially when drivers move from smaller places to cosmopolitan areas, they notice a huge difference in premiums. They may have to pay twice in especially cosmopolitan cities for car insurance in comparison to the state average. When considerably higher rates are involved, it is worthwhile going over the reasons and see if you can make…
Continue readingMonth: December 2013
Who Pays for Damages and Losses During Valet Parking?
When you hand over the car keys to a parking attendant, you trust that the person will not crash the car or mess up anything. You also hope to get it back in the same shape as you left. Sometimes this is not going to be the case. Dealing with such claims can be complicated….
Continue readingGap Insurance for Leased or Financed Cars
A moving vehicle isn’t hardly enough security for a finance company unless it has good insurance to pay for damages it may suffer. The second concern is the fact that a car loan may be upside down very quickly and Guaranteed Asset Protection (GAP) insurance is a solution to address this concern. A finance or…
Continue reading5 Auto Insurance Discount Prospects for Seniors
As you get older there are a few things you need to adjust. Life can be quieter after children leave home and you need to find other activities to fill the busy schedule you once had. You are probably retired and have more time in hand. Now could be a good time to work on…
Continue readingCan I Add a Driver Who Doesn’t Live with me to my Car Insurance?
Sometimes, a girlfriend or a close relative may drive your car more than occasionally. It may be best to include them on your auto insurance policy and it may be possible. People often have concerns about who uses their automobiles and what is the situation with them. Once they are included on the policy as…
Continue readingCan Gas Prices Affect Vehicle Insurance Premiums?
As surprising as it sounds, petrol prices impact automobile insurance rates in some negative and positive ways. It makes driving cheaper or more expensive and therefore affects the distance travelled and numbers of claims. Both these factors are influential in premium calculations. Sometimes, a slight change in habits may seem unimportant. But these days everything…
Continue readingDo Car Insurance and Registration Address Have to Match?
The short and simple answer is yes, most states and insurers insist on seeing the same address on both vehicle registration and insurance documents. States want to make sure that the address given for registration is where the auto is kept and this is extra important for insurance because the premiums are based on zip…
Continue readingWhat Does Liability Car Insurance Cover?
Although buying a car is easy and anyone can have one, driving a vehicle on public roads is a privilege, which requires compliance with the highway codes and state rules. Liability auto insurance is a system designed to compensate people who suffered from a traffic accident caused by other drivers. That is why it is…
Continue readingHow Much Does my Insurance Go up after a Ticket?
These days, auto insurance companies look at every detail they can obtain. Essentially, they like to make sure that good drivers get decent rates while they sort out the risky ones and penalize them with higher premiums. What is a better indication than traffic and speeding tickets? These are great signs of negligence and disrespect…
Continue readingHow Can I Reduce Insurance Premium for a Financed Auto?
For many people, borrowing may be the only way to purchase the car they desire. Lienholders typically require adequate insurance protection for the vehicle, which serves as collateral for the loan. This generally entails purchasing Comprehensive, Collision, and Gap insurance in addition to Liability coverage. While there is nothing wrong with obtaining a good policy…
Continue readingHow to Cancel Auto Insurance Mid-Policy
Canceling car insurance early requires taking proactive steps to inform your insurer of your intent. Simply allowing the policy to lapse without notification can result in ongoing charges and potential damage to your credit score. To cancel early, contact your insurance provider, provide necessary information, and confirm the effective date of cancellation. Follow any specific…
Continue readingCan Small Claims Cause Auto Insurance Non-Renewal?
When it comes to pricing and deciding whether to retain a policyholder, claims play an essential role for underwriters. Car insurance companies consider not only significant losses but also the number and frequency of claims. If a policyholder has a high number of claims, even if they are minor or not their fault, it indicates…
Continue readingIs Being Married Advantageous for Auto Insurance?
Marital status is one of the indicators of risk affecting car insurance premiums so it is one of the questions on a quote form. Statistically, married drivers tend to file fewer claims and are less likely to get involved in accidents than single or divorce motorists. Car insurers see getting married as a sign of…
Continue readingWhat If I Underestimate my Mileage when Buying Car Insurance?
Often motorists drive more or less miles than the figure they put down on automobile insurance proposal forms? Carriers know about this possibility and some may want to check and some choose not to waste resources on it but they can if they want to at any time. This post will have a look at…
Continue readingTexas Auto Insurance Coverage
The Lone Star State car insurance rates are relatively expensive in comparison to most other states. Minimum state-required liability only policy is relatively cheaper and below the national average but the average cost of a full coverage policy is just above the country average. The ratio of Uninsured Motorists has been coming down in recent…
Continue readingAre Mutually Owned Auto Insurance Companies Better?
Often we come across this notion. There are motorists who specially look for mutual car insurance companies, where they can have a share of ownership, rather than publicly traded corporations. In other words, the ones who are accountable to their shareholders vs. companies who have nobody to report to but their policyholders. When it is…
Continue readingDo I Need Rental Car Reimbursement Coverage?
Motorists often assume that they will receive a courtesy car free of charge when their vehicle is undergoing repairs. However, the reality is that Rental Car Reimbursement coverage is typically not included in auto insurance policies by default. This coverage is designed to pay for the costs of a replacement vehicle when your own car…
Continue readingHow Much Does Switching Cars Affect Insurance Rates?
Type of the car is one of the key factors influencing insurance rates, which can go up or down when the vehicle is changed. People often get surprised or caught unprepared because you can end up spending double the amount on premiums or save 50% depending on the difference between the old car and the…
Continue readingHow Much Moving to a City Affects Auto Insurance Prices
Many external factors are taken into account when determining car insurance rates and often where you live can be more influential than your driving records. Generally, premiums are fifty percent to twice higher in cities in comparison to suburbs and can be even higher than smaller towns in the countryside because cities have higher crimes,…
Continue readingWhat Are Car Insurance Policy Endorsements?
An auto insurance endorsement, also called a rider, changes the original policy by adding, deleting, excluding or amending the wording that allows policyholders to customize their coverage to include their special protection requirements or reduce risks and premiums by excluding a high-risk driver or limiting the scope of the coverage. It may also be used…
Continue readingWhat Are Comprehensive & Collision Auto Insurance Coverages?
Auto insurance comprehensive and collision are two types of coverages that protect your vehicle in the event of damage or theft. They are often sold together and jointly referred to as physical damages coverage. While both coverages are optional, they can provide valuable protection depending on the value of your automobile and your financial circumstances….
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