Is Insurance Higher for Red Cars?

This is one of those mythical questions motorists often ask. There are many factors that affect auto insurance rates and this isn’t one of them. The answer is the same for a question like what color cars are cheaper to insure. Its shade has nothing to do with how much premium you pay. You need…

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What Is an Auto Insurance Premium?

When it is used in relation to auto coverage, definition of the word 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 income for…

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Gap Insurance Refund

Guaranteed Auto Protection is a valuable debt-cancellation tool although often referred to as insurance. Its purpose is to pay the difference between actual cash value of the car and outstanding loan on it in case the insurer totals it after it is damaged by a listed peril. It can be a valuable protection especially in…

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Does Bankruptcy Affect Car Insurance?

The relationship may not be obvious but being poor affects premiums indirectly. The indicator that gives away the position is credit history. And insolvent people are likely to have terrible scores once the facts are registered by the agencies that keep records. Being declared insolvent will tank your score and it will in turn affect…

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Car Insurance for Disabled Drivers

Legally, auto insurers cannot discriminate against handicapped motorists. However, there may be other reasons why they may have to pay higher premiums. Let’s have a look at the costs and complications. According to the CDC (Center for Disease Control) in the U.S., there are 75.4 million Americans that suffer at least one basic function difficulty…

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Essential Teenage Driving Resources

Driving is one of the signs of gaining independence. Youngsters are all excited to get their driving licenses to get on the road and senior drivers want to keep theirs as long as they can. Unfortunately, teenage drivers are the group with highest accident and traffic related death risk. The chance of a new driver…

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Can Car Games Enhance Your Driving Skills?

Many parents may be worried that their children are spending too much time playing games. They concentrate so hard that they don’t hear their parents. All that focus, hours of playing video games may not be all waste after all. Researches show that playing fast video games improve your concentration in everyday tasks and help…

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Driving and Auto Insurance for Seniors

As the population ages the number of older drivers will keep increasing. As of now, estimated thirty five million American motorists are over 65. It is probably too young to hand over the keys. There are people who still function well behind the wheel at ninety five. As long as they are fit and able…

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Why Is Car Insurance Mandatory?

Driving on public roads and streets isn’t an automatic right given to anyone after certain age but it is a privilege for people who comply with the necessary requirements like having a driver license, vehicle registration and insurance. When this point is accepted it is easier to answer the question of why is auto insurance mandatory?…

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What Does Self Insured Auto Insurance Mean?

The general definition of self-insurance is insuring something yourself by putting money aside, instead of buying a policy and paying premium. How would you apply that to auto insurance since you have to buy basic liability coverage? What does self insured automobile insurance mean? Is there good examples of using self insurance that can be given to…

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