How Does Auto Insurance Tier System Work?

Lately, personal lines insurers have been adding various new rating variables to price each applicant more precisely. Additional data allows them group drivers and differentiate rates for each group. These car insurance tier rating systems help to ensure that good drivers don’t subsidize bad ones. This fairly new underwriting structure distinguishes careful and considerate drivers…

Continue reading

Auto Insurance Child Not Living At Home

Having a teenage driver listed on your policy makes a noticeable difference to your premium. However, it is even more expensive for young people to buy their own policies. Another question to be answered here is should parents remove or keep children who left home on automobile insurance? The solutions are not often straightforward because…

Continue reading

Auto Liability Insurance Definition

Liability policies are designed to indemnify others for damages the policyholder may cause and they are mostly voluntary, but not auto. Probably one of the first thing people hears when they consider owning or driving a car is that they must buy insurance. In order to reduce vehicular accidents and help citizens after they happen,…

Continue reading

What Is Insurable Interest?

One of the key principals of insurance is that it is there to indemnify the losses policyholders and other interested parties suffer. It is not a mechanism that allows people to bet on something happening to certain items or people. So, you need to have an insurable interest on the things in order to be…

Continue reading

Auto Insurance Liability Limits Explained

Automobile insurers hardly ever offer infinite coverage. Usually, policy schedule specifies the maximum amount they are prepared to pay for each insured peril. You need to be aware of the limitations of your policy and consider if it is acceptable to you or you want to do something about it. You can increase your car…

Continue reading

Auto Insurance Rates by Zip Code

The difference in quotes between two identical looking vehicle insurers can be as clear as day and night. Also, where you live can increase or decrease your premium a lot. That is why it is usually the first question asked when getting quotes. These points highlight the importance of comparing car insurance rates by zip…

Continue reading

What is Car Insurance Fronting?

Majority of insurers calculate vehicle insurance premiums largely based on the details of the main driver. That is why determining primary and secondary driver is usually necessary when you are looking for quotes. In an honest world, the primary driver is the person who uses the automobile most. However, people may not be as forthcoming…

Continue reading

Is Insurance Higher for Red Cars?

This is one of those mythical questions motorists often ask. There are many factors that affect your auto insurance rates and this isn’t one of them. In the same way, the answer is the same for a question like what color cars are cheaper to insure. Color of your vehicle has nothing to do with how much…

Continue reading

Do I Need Insurance to Register a Car?

States rigorously enforce the minimum auto insurance liability coverage requirements they set by laws. It is now much harder to drive an uninsured automobile thanks to online connectivity between states and insurers. Generally, you cannot register a car on your name if you don’t have the proof of insurance coverage. Sooner or later you will…

Continue reading

What Is an Auto Insurance Premium?

When it is used in relation to an insurance contract, definition of the word “premium” is different than its use in a normal conversation to mean superior or additional amount to be paid due to high demand. In that sense, Premium is the price of a car insurance policy. In other words, it is an…

Continue reading

What Is PLPD Car Insurance?

Different definitions and acronyms may be used in various parts of the USA to mean the same thing. Motorists must insure their vehicles to comply with the laws of their state. And this coverage may have distinctive names depending on where you live. So, we will have a look at what is PLPD insurance? PLPD…

Continue reading

What Is a Car Insurance Quote?

When you want to insure a vehicle you need to answer a few questions about it, yourself, whoever else will be driving it and coverage required. An auto insurance quote can be defined as an estimate of premium one particular insurer proposes to charge, based on the details provided by the applicant. It changes greatly…

Continue reading

Force Placed Insurance

Today, getting a mortgage to buy home or a loan for a vehicle purchase is a commonplace. One of the main reasons why banks and finance providers are comfortable with lending large sums of money is that houses and cars are good enough collaterals for loans and they can repossess them if the borrower doesn’t…

Continue reading

How Often Should I Shop for Car Insurance?

Naturally, insurers and agents want their customers keep renewing their policies on autopilot year after year. This makes life easier for them and that is why they often advocate staying with your insurer. However, there are obvious benefits of looking at your options from time to time. So, how often should you get alternative auto…

Continue reading