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 readingThere are motorists who may choose to acquire auto insurance solely to fulfill their state’s legal obligations. For such individuals, a liability-only auto insurance policy could suffice. However, it is important to understand that liability-only policies generally provide coverage for liability and other mandatory state requirements, but they usually do not include protection for the…
Continue readingLeasing a car can be appealing because it allows you to enjoy a new vehicle without the long-term commitment of ownership or the need to secure a loan for purchase. Usually, car leasing arrangements do not include automobile insurance, and the monthly payments made to the leasing company do not cover insurance premiums. So, you…
Continue readingImagine having diligently paid your car insurance premiums for the past two decades without ever needing to file a claim. Wouldn’t it be gratifying to know that you’ve consistently secured the most competitive vehicle insurance rates during that period? Despite your stellar driving record categorizing you as a low-risk driver, various road hazards still exists,…
Continue readingIt is important to point out that car insurance policies come with terms and conditions. One important condition almost all policies have is that policyholders must inform their insurer of material changes in their circumstances. Generally, anything that may affect your vehicle insurance rates is a material fact like changing address, vehicle and having a…
Continue readingNot owning a car doesn’t stop you from getting insurance quotes to figure out how much premium you may need to pay if you were to own a certain type of an automobile and this may come handy when you are in the market for a vehicle. When you need to provide details of the…
Continue readingMotorists can protect themselves from many eventualities by transferring the risks to an insurer with a car insurance policy and paying premiums in return. This way they are compensated when they suffer a substantial loss or face a large liability claim, as long as they have the corresponding coverage. This point is very important when…
Continue readingCertain motorists may find that their car insurance premiums have been consistently decreasing, leading to the enjoyment of low rates. Conversely, others may observe the opposite trend, with their premiums steadily increasing and showing no signs of stopping. Interestingly, these fluctuations can occur even without any changes in the driver’s details or records. The trend’s…
Continue readingSophisticated algorithms used to calculate vehicle insurance premiums take into account numerous intricate details and factors during the assessment of each application, and some of these considerations can be rather unexpected. While many motorists are aware that their age, driving experience, driving records, and vehicle specifics play a role in determining their insurance premiums, they…
Continue readingWhile many people are aware of the common coverage provided by vehicle insurance, such as repairs after a collision or liability for bodily injury, there are several surprising things that your car insurance policy may cover, provided you bought the corresponding coverage. These lesser-known coverage options can offer additional financial protection and allow you to…
Continue readingVehicle registration is required to track vehicles for law enforcement and safety purposes, and collect taxes and fees. It ensures compliance with state regulations, promotes public safety, and holds vehicle owners accountable for their actions on the road. It is important to understand the consequences of driving with expired vehicle registration, as it can have…
Continue readingProviding 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,…
Continue readingWhen 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 readingAfter 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 readingWhen 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 readingClearly, 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 readingVehicles’ 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 readingAverage 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 readingGenerally, 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 readingWhen purchasing car insurance, motorists often tend to focus on the price over contemplating the potential scenarios that may arise when they need to file a claim. Unfortunately, this approach can result in issues like inadequate coverage or even a complete lack thereof. While automobile insurance may cover certain damages following a covered loss, it…
Continue readingInsurance is one area people often don’t know what to expect or claim for. People either have very high or low expectations. While one group just pays most damages out of pocket others think that they can claim for everything that happened to the insured property or vehicle. Actually, it is pretty straightforward and it…
Continue readingOften people may find themselves needing to reduce their car insurance costs and look for ways to find cheaper options, even if it means buying an inferior policy. Insufficient vehicle insurance can have a range of hidden costs and consequences for drivers. While people prioritize costs and not adequacy of coverage to save money on…
Continue readingThere’s often a stigma attached to cheap car insurance options. Many people believe that if a policy is cheap, there must be a reason behind it – that it’s inadequate or inferior in some way. While this may be true in some cases, it’s important to recognize that being cheap doesn’t automatically make a policy…
Continue readingCatalytic converters are easy to steal due to their location and contain valuable metals such as platinum, rhodium, and palladium. The theft often goes unnoticed until the vehicle is started, giving thieves an opportunity to escape without being noticed. Motorists with comprehensive auto insurance coverage can typically file a claim for catalytic converter theft and…
Continue readingBeing stranded on the side of the road due to a car breakdown can be a stressful experience. While Vehicle insurance protects against various forms of damage, breakdowns are typically not covered by default. However, it is possible to include towing coverage through roadside assistance in your policy. When and how car insurance covers towing,…
Continue readingMost experts advise policyholders to get alternative quotes and compare them with each other at least once a year. Many people start searching for better rates out of curiosity and are surprised to save a lot of money, even though it is normal. Many people think that their vehicle insurance providers would regularly check for…
Continue readingAge often explains many driver related risks so it is a very important factor in vehicle insurance premium calculations, especially in determining rates for younger drivers. And average costs can be used as a measuring stick to tell us how much certain age drivers pay for a liability only or full coverage car insurance and…
Continue readingSome drivers enjoy customizing their cars to reflect their personal style, either aesthetically or mechanically. However, such modifications often necessitate adjustments to auto insurance policies or obtaining different coverage altogether. Neglecting to do so may result in inadequate coverage for the additional investments made in the vehicle, and insurers could potentially reject a claim, arguing…
Continue readingTeenage drivers stand out as the most high-risk demographic across all age groups, and this is strikingly evident in the steep car insurance rates assigned to them. Even when adding a 16-year-old driver to the insurance policies of well-established, low-risk parents, premiums can easily double. Statistical data shows they are riskier than any other age…
Continue readingThere are many mistakes motorists commonly make when arranging vehicle insurance. This is understandable as the purpose of purchasing coverage is to provide future financial protection. Therefore, securing a policy involves contemplating potential scenarios and seeking insurance for potential accidents, incidents, and events that could lead to financial strain. Regrettably, reality is more complex than…
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