Car insurance premiums are almost always refundable, if there is any money left to be returned after a cancellation or coverage adjustment. Insurers will only charge for time on risk, deduct any cancellation fee (if any) and return the rest of the premium paid in advance if a policy is terminated before its time. Besides,…
Continue readingAuthor: admin
The Average Auto Insurance Costs for Teenagers
Teenage 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 readingOne Auto Insurance Decision You May Regret the Most
There 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…
Continue readingCan Out-of-State Tickets Impact Auto Insurance Costs?
When you receive a traffic violation ticket in a different state, it’s usually reported to your home state and becomes part of your driving record so it typically impacts car insurance rates for the majority of drivers. Many states have agreements to share convictions for moving violations across state lines. How much this ticket affects…
Continue readingDoes My Homeowners Insurance Cover My Car Damage?
Typically, your standard home insurance policy do not provide coverage for damages to your own vehicles. Your home insurance is designed to protect your dwelling, personal property, and provide liability coverage, but it does not extend coverage to your vehicles. To claim for damage to your own vehicle, whether due to accidents, theft, fire or…
Continue readingWho Has the Cheapest Auto Insurance?
There are so many factors considered when premiums are calculated that it is often difficult to say which vehicle insurance companies will come up with the best quotes for a particular applicant. Age, gender, driving history, experience, type of vehicle, zip code, profession, credit history and yearly mileage are only some of the factors used….
Continue readingLesser-Known Auto Insurance Saving Opportunities
While significant savings can be obtained by maintaining a clean driving record or having a good credit history, it is important to recognize that qualifying for these discounts typically takes time. Hence, motorists may need to consider immediate solutions to reduce their car insurance premiums. Factors such as living in a high-risk zip code or…
Continue readingTips to Get the Best Car Insurance Rates for Bad Driving Record
Tickets and accidents listed on driving records can be costly and impact auto insurance premiums for a period of 3 to 5 years. Even a traffic violation, such as speeding, can cause a surge of approximately 23% in rates, while an at-fault accident recorded can elevate premiums by an average of 42%. Nevertheless, being aware…
Continue readingTips for Keeping Auto Insurance Affordable in Volatile Markets
Premiums tend to gradually increase each year, regardless of whether you file claims or modify your policy. The cost of automobile insurance has become a burden for numerous drivers due to recent rate hikes, making it necessary to include it as a budgetary consideration. In today’s unpredictable market, where economic influences can substantially affect expenses,…
Continue readingNavigating Changing Vehicle Insurance Pricing Algorithms
When it comes to shopping for car insurance, understanding the factors that impact your premium is essential. Insurance underwriters carefully consider various elements when determining the cost of coverage, and being aware of these factors allows you to make informed decisions. In recent years, the landscape of auto insurance pricing has been evolving, with changes…
Continue readingDoes Auto Insurance Cover Tree Damage?
Trees can pose significant obstacles and result in various damages to automobiles. They have the potential to fall or have branches blown over vehicles during strong winds. They can be uprooted and carried by floods or lose stability in heavy rain, leading to damage to multiple vehicles in their path. If you have a full…
Continue readingMembership Based Auto Insurance Discounts
There are clubs, service providers, associations and organizations that require membership. Motorists can join some of these by simply paying a yearly fee and others may require certain qualifications before they allow people to join. Some of these organizations can negotiate car insurance discounts for their members from certain insurers due to the buying power…
Continue readingIs Buying Auto Insurance Online Cheaper?
To maximize the benefits of purchasing car insurance online, it is essential to have a good understanding of vehicle insurance concepts. You should be familiar with terminology, know your protection requirements, and recognize the intricacies of policy customization, including deductible options, adjusting liability limits, and when to consider dropping coverage. With this knowledge, you can…
Continue readingVehicles with the Lowest Insurance Costs
When it comes to choosing a car, there are many factors to consider, and one of the most important is the cost of insurance. You will keep paying premiums as long as you own the vehicle and it can total up to large sums over the years. The price of insuring a vehicle can vary…
Continue readingSimple Ways to Save on Auto Insurance Now
There are many ways of reducing your vehicle insurance premiums, though only a few of them yield immediate results. Unfortunately, many drivers find themselves facing unexpected premium hikes during renewals, prompting them to seek quick remedies for instant relief. At times, motorists may unnecessarily complicate the matter, overlooking straightforward solutions like actively comparing options to…
Continue readingWhat Is Uninsured Motorist Coverage?
Uninsured motorist coverage (UMC) steps in to cover the costs of injuries and damages sustained by you and your passengers in the event of an accident caused by an uninsured or underinsured driver. Essentially, UMC acts as a substitute for the liability coverage that the responsible driver should have had but didn’t. With approximately 12.6%…
Continue readingHow Does Pay-Per-Mile Auto Insurance Work?
If you are not driving your vehicle much you are a lot less likely to get involved in an accident and submit a claim. However, traditional vehicle insurance policies may not offer you enough savings based on low mileage and therefore motorists may need to look for innovative solutions like pay-per-mile car insurance to prove…
Continue readingEssential Tips for First-Time Auto Insurance Buyers
Motorists embarking on the journey of purchasing their first car are filled with anticipation and a strong desire to take to the roads. However, it is essential for them to resist the urge to rush into purchasing an insurance policy. Instead, a more prudent approach would be to begin researching and comparing vehicle insurance prices…
Continue readingWhat is Underwriting in Auto Insurance?
Insurance underwriting is a part of the policy application approval process that determines if a particular risk is acceptable to the company and how much premium to charge for it. Underwriters are tasked with the job of considering the risks based on insurers’ criteria and offering quotes to customers. In case of car insurance, it…
Continue readingCan Asking Advice about an Accident Raise my Car Insurance?
Numerous automobile insurance providers have confirmed that they will exclude an incident from their premium calculations if it is reported to them but does not result in a claim. However, the treatment of such incidents varies depending on factors such as the insurance company involved, the extent of the reported damages, the parties involved, and…
Continue readingWest Virginia Auto Insurance
Car insurance rates in the state of West Virginia are notably affordable when compared to averages from other states and countries. This applies to both liability-only and full coverage policies. Moreover, the percentage of uninsured drivers in West Virginia stands at an impressive 9%, falling below the national average. Despite West Virginia’s status as one…
Continue readingHow to Get Auto insurance Discounts
Vehicle insurance companies offer various discounts for many reasons because they want to encourage actions and behaviors beneficial to them. The key savings are offered to drivers who proved to be low-risk and unlikely to make a claim anytime soon. However, some of the discounts may have nothing to do with driving patterns but more…
Continue readingHow Do I Pick the Right Auto Insurance Coverage?
There are many types of car insurance coverages serving different protection needs of vehicle owners. And motorists can choose the ones they need and leave the rest out to make sure they don’t spend more than they should for insuring their automobiles. The best way of choosing the ones for your current circumstances is to…
Continue readingSecrets about Auto Insurance Discounts
Vehicle insurance companies often employ language in their advertisements that can exaggerate the value of discounts, potentially creating an impression of greater savings than the actuality. The genuine extent of these savings is occasionally concealed within the intricacies of the policy’s fine print, at times rendering it virtually indecipherable. As an illustration, the prospect of…
Continue readingAuto Insurance Discounts for Taking Defensive Driving Courses
You can save money on car insurance by completing a defensive driving course. The potential savings can range from five to ten percent of premiums, depending on your age, insurer, state, and other factors. Some states require insurers to offer defensive driving discounts, while others may leave it up to the companies. Some auto insurance…
Continue readingDo I Pay More for Car Insurance if I’m Young?
Age, driving records, insurance history, and credit scores are indeed among the primary factors that insurers consider when calculating car insurance premiums. Unfortunately for young drivers, these factors often work against them, leading to higher insurance costs. Young drivers typically have limited driving experience, shorter insurance histories, and lower credit scores, all of which contribute…
Continue readingHow Auto Insurance Accident Forgiveness Work
Car insurance accident forgiveness is a provision offered by many insurers to mitigate the impact of the first at-fault accident on premiums. While maintaining a clean driving record for several years can help keep rates stable, a single at-fault accident can cause up to 42% premium increase. To address this issue, insurers often provide accident…
Continue readingHow Much Does Insurance Pay for a Totaled Car?
Dealing with a totaled car can be a challenging experience, but understanding how insurance companies determine the payout can help you navigate the process more effectively. It’s important to keep in mind that you have the opportunity to conduct your own research, perform calculations, and present your input to the claim adjuster. Below, how auto…
Continue readingAuto Insurance Costs for Station Wagons
Station wagons have been a staple in the automotive industry for decades, offering practicality, versatility, and spaciousness. They are known for their large cargo capacity and rearward extension, making them an ideal choice for families, outdoor enthusiasts, and individuals requiring ample storage space. Let’s dive into the world of station wagons, exploring their popularity, who…
Continue readingDoes Auto Insurance Go down at 25?
Age is a very significant factor in premium calculations, especially for younger applicants. As you gain more driving experience and mature as a person, your auto insurance comes down about 11% at age 25, providing you have no recent accidents or traffic convictions in your record. But age 25 is usually the last time drivers…
Continue reading