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 readingTrees 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 readingTo 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 readingUninsured 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 readingMotorists 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 readingInsurance 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 readingTo ensure the best value, it is essential for drivers to take advantage of the fiercely competitive marketplace and thoroughly evaluate various car insurance companies before making a selection. By doing so, individuals can make informed decisions and choose the most suitable option. Insurance providers vary in terms of their size, reputation, pricing, expertise in…
Continue readingAllowing a friend to borrow your car can potentially result in unforeseen outcomes, particularly if an accident takes place. Therefore, understanding how car insurance coverage works in such scenarios and knowing which policy covers potential injuries and damages becomes essential. Generally, standard car insurance policies extend coverage to occasional drivers, given they have the owner’s…
Continue readingCar 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 readingNormally, 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 readingPurchasing a new car is an exciting experience, but it’s crucial to ensure that your new vehicle is adequately insured. Many drivers wonder if their current auto insurance policy covers their new car automatically for a certain period, and the answer is often yes. However, there are important factors to consider, such as the grace…
Continue readingWhile many people associate car insurance with property damage and liability coverage, it’s essential to understand how it can also cover medical expenses in the event of an accident. Depending on how you are injured, whose policy pays and coverage you have, your medical expenses can be paid by a third party liability coverage, Uninsured…
Continue readingState regulations play a significant role in determining the circumstances under which car insurance policies can be cancelled before reaching the end of the term. Auto insurance policies themselves also outline the specific situations in which insurers have the right to cancel policies. These situations typically involve material misrepresentation, insurance fraud, license suspension or revocation,…
Continue readingAuto insurance companies typically establish standard deductible amounts for the policies they provide. When policyholders or applicants opt for higher deductibles, insurers often lower the premiums they charge as this arrangement proves advantageous for them for various reasons. Many motorists do not make frequent claims, and some may have gone without making a claim for…
Continue readingThe process of making a claim can become quite overwhelming if you lack the necessary coverage for your losses. Similarly, insufficient coverage might not fully compensate injuries and damages caused to third parties in cases where you are responsible for an accident. Car insurance serves as a safeguard against potential future losses, highlighting the need…
Continue readingWith its bustling highways, serene byways, and charming backroads, the need for reliable vehicle insurance is a constant presence in the minds of Virginian motorists. The Old Dominion State car insurance costs are lower than the US average for both liability only and full coverage policies and motorists need to pay about three times more…
Continue readingWhen a hurricane strikes, several factors can contribute to damage to vehicles. Strong winds can topple trees or debris, which may fall onto parked cars. High waters from flooding can submerge vehicles, leading to engine damage and electrical system failures. Additionally, hurricane-force winds can propel objects like rocks or branches into automobiles, causing dents, broken…
Continue readingThe Sunflower State has relatively low automobile insurance rates for state required minimum coverage. While the average cost of a full coverage policy may be 4.5 times higher than that of a liability-only policy in this state, it remains below the national average. Uninsured motorists are at nearly 11%, which is slightly lower than the…
Continue readingThe Bay State automobile insurance rates are cheap for minimum state required coverage and full coverage. Although motorists have to pay nearly three times more in comparison to liability only, full coverage policies are one of the cheapest in the country on average. This is despite Massachusetts handing out one of the highest numbers of…
Continue readingThe average car insurance rates are about 1/3 lower here than the national average for state required minimum coverage and very close to the US average for full coverage. The Keystone State is fairly well populated in a comparably smaller landscape that concentrates traffic movements. The ratio of Uninsured Drivers is at 6%, which is…
Continue readingThe Gem State has one of the cheapest car insurance rates for both liability only and full coverage as they often stay in the lowest 5 average yearly premiums in the US every year. The ratio of uninsured drivers is at 13.2% slightly over the country average. With snow, ice and country roads 1.1 million…
Continue readingThe Hawkeye State has the cheapest state required minimum coverage car insurance rates in the US. The average full coverage policy premiums are fairly cheap too in comparison to other regions. Another comforting fact is that there are fewer uninsured drivers here than the country average. The state has one of the highest auto ownership…
Continue readingMichigan has one of the most expensive automobile insurance rates in the country for both state required minimum and full coverage. Furthermore, the state has one of the highest ratios of uninsured motorists at over 25%. Navigating the roads in the Great Lake State amplifies concerns due to the tangible risk of collisions involving uninsured…
Continue readingWisconsin drivers have one of the cheapest automobile insurance rates in the US. Full coverage policies are particularly cheap although liability only policies are affordable and well below the country average too. Having low base rates to start with means that you can get relatively low premiums here even if your records are less than…
Continue readingAverage premiums for both liability only and full coverage car insurance policies in Connecticut are below the country average but full coverage is more cost-effective in comparison. Relatively modest auto theft and vandalism crime figures may be helpful in keeping premiums low. The Nutmeg State is one of the wealthiest in the country. That should…
Continue readingThe potential savings on your Comprehensive coverage costs, thanks to anti-theft devices installed in your vehicle, can vary between 5% to 25%, depending on the insurer and state. Numerous car insurance providers extend this discount, often listing LoJack as an eligible anti-theft device. Furthermore, certain state regulations may mandate insurers to provide these savings to…
Continue readingThe Sunshine State is consistently one of the top three most expensive states in the country for car insurance for both state required minimum and full coverage policies. Motorists need to pay about 2.5% of average household income for vehicle insurance premiums, which is more than twice in comparison to one of the cheapest places…
Continue readingIn the Land of the Midnight Sun, drivers can buy cheap state required liability only car insurance but they need to pay 4 times more to buy a full coverage policy. The towns and vehicles can be few and far between when travelling here. No matter how quiet the roads are you still need to…
Continue readingVehicle 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 readingIn early years of vehicle ownership, many young people may have very little knowledge about coverage options. Considering how expensive premiums can get for a novice, they may just get a basic liability policy that enables them to drive legally. Some people actually think that is all they need and it will pay for all…
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