Did you know that some states require a minimum coverage for auto insurance? In California, the rule is $15,000/$30,000/$5,000, where the first and second figures both pertain to coverage for injury or death per person per accident while the third figure applies to property damage per accident.
While auto insurance will set you back a over a thousand bucks annually, it's nothing compared to what you'd have to shell out if you damage someone's property or injure someone. Therefore, auto insurance is a necessary expense.
Do you know the minimum auto insurance required in your state? While most states mandate one, the rule varies in each. To check the requirement in your home state, you can visit the Department of Motor Vehicles’ website.
The type of vehicle you drive affects how much you pay in auto insurance. Newer cars are more expensive to insure because they are considered to be more attractive to car thieves than older cars.
It is a myth that members of the military pay more for automobile insurance. In fact, many service men and women are eligible for substantial discounts. If you're in the armed forces, make sure your agent knows you are.
Although you may not see the need in making changes to your car insurance policies regularly, it’s still wise to have an annual insurance review with your agent. This can help you ensure you’re receiving the right insurance for your needs at the best price.
The average cost of auto insurance in the US varies largely by state. For example, drivers in Maine pay a little less than the national average, while Michigan drivers pay twice what everyone else does.
If you have multiple drivers and cars in your household, talk with us about how to match car and driver to get the lowest rates possible in order to save you money.
Report any damage to your car to your insurance agent as soon as possible. Not only will they arrange for an immediate assessment, they can also arrange for towing if the vehicle is not drivable.
Vehicles depreciate in value every year, regardless of the condition in which they are kept. While you should never lower your liability coverage, an annual review of your car insurance will help you make sure your damage coverage is not greater than the value of the car.
Life, unfortunately, is full of uncertainty so we must be proactive in getting the protection we need. Insurance, in all its forms, is one way to gain a measure of security as it lets us feel safe in the knowledge that our needs will be met should adversity strike.
Don’t assume that because one insurance company has offered a certain rate that it isn’t possible to save money on identical coverage with another company. Insurers have their own proprietary systems to determine risk and set policy premiums.
While it can be frustrating to have to prepare to be hit by a motorist without insurance, it’s necessary. If you need to ensure that you’re able to fix your car even when the person who caused the accident doesn’t have car insurance, we’re always here for you.
Having an accident does not result in automatic increases in rates or cancellation of your policy. The nature of the accident, who is at fault, and the number of accidents you have had are all taken into consideration before any changes are made to your policy.
If you will be driving your car outside of the U.S., check with your insurance agent to find out the extent of your coverage. Some policies do not offer protection outside the states, so an adjustment will be needed.
Did you know that risks on the road are higher with two wheels than with four? Data show 9 out of every 100,000 cars get involved in fatal accidents. For the same number of motorcycles, the figure jumps to 55.
If you’re trying to determine whether your vehicle needs a commercial insurance policy, take a closer look at how you use it. If you’re strictly using the car to commute to work and for personal reasons, your personal auto insurance policy is likely sufficient.
Liability coverage is the most basic car insurance coverage and is required by all states. This covers any property damage and injuries that are caused by your car. For example, if you run into another car, it will cover the cost of repairs to the other car.
One of the reasons that the type of car you drive affects your insurance rates is because it influences how you drive. Those who own sportier cars tend to drive faster while owners of family vans tend to be a bit more careful.
We recognize that no one likes the idea of setting a high deductible for their car insurance policy. Remember, setting a low deductible can increase your premiums, so it may be necessary to compromise on a slightly higher deductible in order to keep down the cost of your insurance.
In addition to driving record, what are other types of factors which could affect insurance rates? In many cases, the driver’s gender, age, marital status, credit rating and the type of vehicle which is being covered will also affect the cost of insurance coverage.
The gear you wear when you ride can be expensive, especially if you have to replace it. Fortunately, your motorcycle insurance can include coverage for everything from head to toe.
Did you know that you can lower your auto insurance rates by affiliating with professional organizations like AAA? In fact, auto insurance can be even more affordable through your employer if they offer group rates through the company.
If you have several cars and multiple drivers on your car insurance policy, talk with your agent about how to match car and driver to get the lowest rates possible in order to save you money.