How Do Auto Insurance Refunds Work?

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 reading

Pros & Cons of Buying Car Insurance Online vs Agents

Almost all vehicle insurance companies have a fully functional website allowing customers to get quotes, buy policies securely and sign up to access their documents and manage their policies online. Comparison sites allow motorists to shop around freely too. All these conveniences put pressure on agents and brokers. In the end, it comes down to personal preferences….

Continue reading

What Is a Clean Driving Record?

You have a clean driving record if you don’t have a traffic moving violation, accident, vehicular crime conviction and point on your Motor Vehicle Record (MVR), which is kept by your state’s Department of Motor Vehicles (DMV) or equivalent and can be check by auto insurance companies, employers, law enforcement and other interested parties. Motorists…

Continue reading

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…

Continue reading

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…

Continue reading

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…

Continue reading

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…

Continue reading

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…

Continue reading

Essential Teenage Driving Resources

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

Continue reading

Can Car Games Enhance Driving Skills?

Many parents may be worried that children are spending too much time playing games. They concentrate so hard that they don’t hear parents. All that focus, hours of practice may not be all waste after all. Researches show that computer animations improve concentration in everyday tasks and help you complete them faster and more accurately….

Continue reading

Driving and Auto Insurance for Seniors

Older motorists should know that they may not be as fit as they were once before and it may affect driving. Companies can quickly pick on them by pushing automobile insurance premiums up once they start seeing a fender bender here a traffic ticket there. In fact, some insurers don’t even need an excuse to…

Continue reading

How Do Driver License Points Impact Car Insurance?

Auto insurance companies look at Motor Vehicle Records, which show traffic violation tickets and citations. Having points on record usually increases premiums. In order for companies to apply a surcharge they must see the ticket on record. Every company has their own scoring system and applies different rates for different tickets and points. For example,…

Continue reading

Why Is Car Insurance Mandatory?

States not only authorise the use of motor vehicles on public roads but also make roads for them to travel fast and comfortably. Equally, they are responsible for the well-being of their citizens and therefore they require every vehicle owner to buy Liability auto insurance in order to make sure there is a compensation for…

Continue reading

How to Give Your Automobile a Little TLC

There are many good reasons why you should give a little tender loving care to your automobile. Paying close attention to its up-keeping make a car look better, last longer and sell at a higher price. Surely, nobody likes to drive a less appealing vehicle. A well-maintained auto is less likely to break down as…

Continue reading

What Does Self-Insured Mean for Cars?

The general definition of self-insurance is insuring something yourself by putting money aside, instead of buying a policy and paying premium. It is in a way being your own actuary and underwriter and managing the exposure as best as you can. It is all about working out the risks and coming up with a sensible…

Continue reading