When an individual applies for insurance coverage, whether it’s for their home, car, health, or any other type of policy, the insurer evaluates the details provided by the applicant. This information typically includes details about the insured property or individual, such as the value, location, previous claims history, or medical history. Based on this information,…Continue reading
Does Car Insurance Cover Theft if Keys were Left Inside?
If you left your keys inside the vehicle, on the ignition or even left the car running when you just popped in a shop for a few seconds and your car was stolen, you may have worries as to what sorts of questions you may face from your loss adjuster when you report the incident….Continue reading
20 Factors Affecting Auto Insurance Rates
Vehicle insurance companies look at how risky the vehicles, drivers and zip codes are, how much coverage required, credit score, claim history and several other key details like marriage and homeownership status when they assess insurability and price an application for coverage. The more of these factors go your way the lower the premium gets….Continue reading
Overwhelming Influences Shaping Auto Insurance Decisions
When it comes to shopping for vehicle insurance, drivers often find themselves overwhelmed by a barrage of advertisements, information overload, and a multitude of choices. This article will delve into the influential factors that can shape car insurance decisions, while offering strategies to navigate through the complexities. By understanding psychological biases, sales pressures, tendencies to…Continue reading
Can I Save Money by Car Insurance Comparison Shopping?
Comparison shopping is the most beneficial when prices vary greatly between providers, it is for expensive products and recurring spending like utilities. And it helps if it is easy to get the most return for your time. Auto insurance fulfils all these characteristics so you are likely to save enough money if you shop around…Continue reading
Common Types of Auto Insurance Coverage
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,…Continue reading
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 reading
How 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 reading
Pros and Cons of Staying with your Auto Insurance Company
Once you shop around, compare quotes and find a competitive and reliable car insurance company, it makes sense to stay with it until they lose their edge, prove not to be as good as you thought or something changes in your circumstances that make another carrier a better choice. Loyalty is a highly rated trait…Continue reading
Do 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 reading
Which 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 reading
How 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 reading
What Happens If You Lie on Car Insurance Application
One of the first conditions of an auto insurance policy is the requirement to provide honest and accurate information and keep it up to date. Companies rely on details provided while getting quotes to determine eligibility or price. However, insurers carry out their checks as well and can verify most of the details essential to…Continue reading
Do 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 reading
What 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 reading
Auto 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 reading
Insurance 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 reading
When 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 reading
Automobile 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 reading
How 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 reading
Why 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 reading
Auto Insurance Market Size and Competition
The size of the US auto insurance market is $330 billion in 2023. 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 owners of nearly 104 million personal automobiles in the country satisfactorily. So, when motorists switch providers, they…Continue reading
Why 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 reading
Car 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 reading
How 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 reading
Why Do Car Insurance Rates Vary Widely Among Companies?
Every automobile insurer has its own distinct characteristics that set it apart from its rivals. They often intentionally differentiate themselves by favoring specific types of drivers, providing their selection of discounts, prioritizing certain factors over others, focusing their operations in particular regions, and possessing unique business models, management styles, ownership structures, and decision-making processes. As…Continue reading
Out 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 reading
Why 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 reading
Can 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 reading
What 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 reading