Vehicle 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 readingFrequently Asked Questions
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 readingHow 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 readingAuto Insurance Market Size and Competition
The size of the US car insurance market is $348.9 billion in 2022. 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 motorists. So, when motorists switch providers, they often replace one well established and largest vehicle insurer for…
Continue readingWhat 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 readingDoes Commute Distance Affect Auto Insurance Rates?
Most car insurance companies like to know how many miles a year you drive your automobile because the longer you stay on the roads the more likely you will be involved in an accident. Also, a few carriers like to know if you are using your vehicle for commuting and the distance between your home…
Continue readingDoes Owning the Auto Affect Insurance Costs?
Several factors influence car insurance rates, including your driving history, age, location, and vehicle specifications. The ownership status of your car, whether it’s owned, financed, or leased, doesn’t directly impact the assessed level of risk. Consequently, this factor isn’t considered during the computation of your auto insurance premium. Generally, making changes like adding or removing…
Continue readingPros and Cons of Online Auto Insurance Search
The internet has revolutionized the way we access information and services, and this holds true for the car insurance industry as well. Gone are the days when individuals had to visit multiple insurance agents or call numerous companies to gather quotes and compare policies. With the advent of online car insurance search platforms, finding and…
Continue readingAuto Insurance without Drivers License
Car insurance is a fundamental requirement for operating a vehicle on public roads in virtually every state. Typically, possessing a valid driver’s license is a prerequisite for purchasing auto insurance. However, there are exceptional situations where individuals without a driver’s license may have a legitimate need for coverage. And in certain situations, the coverage may…
Continue readingThe Best Cars for Teenage Drivers
Passing the driver’s license test is just the beginning for young drivers. The next step is finding a car that ticks all the boxes: safe, reliable, and affordable, while still appealing to the preferences of both parents and teenagers. In this comprehensive guide, we will explore the factors to consider when choosing a car for…
Continue readingWhat If I Don’t Keep Full Coverage Insurance on a Financed Car?
Normally, lenders require full coverage auto insurance as part of the loan contract. They put down most of the money when you purchase the car and technically, they still own it until the loan is fully paid. Lenders are also listed on your policy’s declaration page as “loss payee”, which means they are entitled to…
Continue readingTips for Affordable Auto Insurance with Bad Driving Records
When you apply for vehicle insurance, it’s highly likely that insurance companies will review your driving history to determine your premiums. A recent at-fault accident holds significant influence in raising car insurance rates, while traffic violation tickets also have an impact. In fact, a combination of accidents and tickets can make it challenging for drivers…
Continue readingHow Long Do Tickets Stay on Driving Records?
Receiving a traffic violation ticket can have various consequences, including affecting your driving record and insurance premiums. The duration of how long tickets stay on driving records, the impact on insurance rates, and potential license suspensions can vary by state and the severity of the violation. Below these aspects are discussed and offered insights into how…
Continue readingDo You Buy the Car or Insurance First?
Obtaining car insurance before concluding the purchase not only shields you from potential risks but also guarantees timely protection for your new vehicle. The moment you take ownership of the car, it becomes your responsibility. Remember if an incident occurs to the vehicle after acquisition but before obtaining insurance, there is no way to retroactively…
Continue readingDoes Having a Garage Cut my Auto Insurance Costs?
People may think that their cars would be sitting nice and cozy in the garage well protected from thieves, vandals and elements and auto insurance companies must offer them large discounts for it. This is a myth among motorists and sounds like it makes perfect sense. In reality, car insurers don’t even ask if you…
Continue readingHow Do I Find the Right Auto Insurance Company?
When seeking the right car insurance company, opting for the most affordable option may appear tempting, but it’s vital to take into account several critical factors, including their claim payment track record. While insurers may seem similar at first glance, they vary in operational strengths, financial stability, customer ratings, claim handling satisfaction, size, service levels,…
Continue readingIs Automobile Insurance Paid in Advance?
Vehicle insurance premiums are typically due before a policy begins, but nearly all insurers offer the flexibility for policyholders to spread the costs. In such cases, insurers ensure they receive the premium in advance for the period of coverage until the subsequent agreed-upon payment date. Typically, companies may slightly increase the first installment to account…
Continue readingHow to Choose the Right Auto Insurance Deductibles?
Vehicle insurance deductibles are the amount policyholders have to pay out of their own pockets for each applicable claim they make, and typically, higher deductibles result in lower car insurance premiums. When considering a cheaper policy with increased deductibles, it’s important to carefully assess whether you can handle the out-of-pocket expenses when filing a claim….
Continue readingRole of Co-signers in Auto Insurance and Loan Arrangements
When it comes to securing an auto loan, some individuals may find it challenging to qualify on their own due to various reasons, such as credit history or income. In such cases, they may seek the assistance of a co-signer, typically a parent, friend, or partner, who acts as a guarantor for the loan. While…
Continue readingWhy Is Car Insurance Enforced but Not Health or Life?
Almost from the moment there were vehicles on the road there had to be a solution to deal with the possible damages an accident can cause. Otherwise, it would lead to a social problem where either the sate or innocent victims had to pay for a loss caused by someone who chose to drive an…
Continue readingWhat Is Named Driver Exclusion in Auto Insurance
A named driver exclusion is a specific endorsement added to a car insurance policy, which explicitly prohibits a particular individual, who has access to the insured vehicle, from driving it. If this person operates the vehicle, they are not covered by the insurance, and the insurer will not provide coverage for any resulting damages. Typically,…
Continue readingCan Auto Insurers Deny Renewal due to Claims or Tickets?
Car insurance companies may decline policy renewal due to a range of factors, such as a substantial at-fault accident, multiple claims made within a brief time span, numerous traffic violations, or a significant violation. These indicators show that the risks of future claims are increased, prompting insurers to opt for either discontinuing coverage or raising…
Continue readingAuto Insurance Discounts for Anti-theft Devices
Anti-theft devices serve to discourage thieves and assist in the recovery of stolen vehicles, which is why numerous vehicle insurers provide discounts for eligible devices. These devices can be installed either during the manufacturing process or at a later time. Let’s explore the various aspects of car insurance discounts for anti-theft devices, including the types…
Continue readingHow Do Deductibles Affect Auto Insurance Premiums?
Motorists can use deductibles to adjust immediate car insurance premium costs and possible out of pocket payment in case of claims based on their risk tolerance. Everyone has a different risk tolerance and budget and this may at least offer options to people. Depending on the company, current and new level of deductibles and their…
Continue readingDo I Need Insurance to Register a Car?
When it comes to registering a car, insurance plays a crucial role in the process. State laws meticulously enforce minimum auto insurance liability coverage requirements, making it increasingly difficult to go undetected without insurance. The advent of online connectivity between states and carriers has made it easier for authorities to verify coverage. Typically, the registration…
Continue readingDo I really Need GAP Insurance?
You would probably hear about Guaranteed Asset Protection (GAP) or someone will try to sell it to you when you are buying a vehicle with credit. It only comes into picture if you are upside down on an auto loan. GAP insurance is there to pay off the outstanding car loan in case your automobile…
Continue readingShould Students Use Home or College Address for Auto Insurance?
Usually, when someone starts a college away from home (in the same or different state) they start spending their time in two places. It may be confusing to choose which one to use for car insurance purposes. In that case, it is important to try and provide the true picture when you are getting quotes…
Continue readingCan I Drop my Child Away at College from Car Insurance?
Many insurers will agree to drop a child away at college from auto insurance if they study full time at least 100 miles away. If they are likely to spend most of the year at school, this may be a sensible choice since parents can save between $1000 – $2000 a year by doing so….
Continue readingWhat Is an Auto Insurance Quote?
A car insurance quote is an estimated premium for the coverage you selected, calculated by an insurer based on their assessment of the information you give about yourself, your vehicle, driving history, zip code, credit score, age and other relevant factors. A quote typically includes the price you are expected to pay providing the information…
Continue readingDoes Liability Only Insurance Cover Damages to my Own Car?
There 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…
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