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 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…

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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….

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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. Below we will discuss the general issues that come with…

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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 license, vehicle registration and policy. When this point is accepted it is easier to answer the question of why is auto insurance mandatory?…

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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…

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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…

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