If you are switching insurance companies, don’t let your old policy lapse. Instead, start coverage with the new one then formally cancel the old one. Letting it lapse could come back to haunt you later.
If you have teenagers that are driving, there are a number of great policies available that help keep insurance costs down, the most notable one being lower rates for students with good grades. A quick check will let you know what else is available.
Business auto insurance covers not only damage to the vehicles you use for your enterprise, but also any damage your drivers or the vehicles may cause. You do not want to put your company at risk because of an unfortunate situation.
When raising the deductible to save on car insurance costs, we recommend setting the deductible amount aside in a separate account and leaving it alone until you need to use it to cover repairs.
While you should always carry your proof of insurance card with you when you drive, some states have implemented state-of-the-art insurance verification systems. Police officers can access a central database to verify that a stopped driver has valid, current insurance.
Just as with automobiles, riding a motorcycle with a good safety rating can keep your insurance premiums low. Also, owning one that is not expensive to repair can lower them as well.
Have you been hesitant to look into commercial auto insurance because you don’t think you drive for work that often? Remember, getting into an accident in your personal vehicle while using it for business purposes could allow your personal auto insurer to deny your claim.
Buying a used car? Request the maintenance records. Having these when insuring it can help lower the rates. If the seller doesn't have any records, you may want to find another car.
Most states require auto liability insurance for all vehicles, and uninsured drivers can face fines and even jail sentences. Nonetheless, on the average American roadway, as many as one in six drivers is uninsured.
There are three main elements of a vehicle insurance policy: liability, collision and comprehensive coverage. Both collision and comprehensive coverage comes with deductibles. Raising the deductible is one way to get a lower car insurance premium.
Comprehensive auto insurance offers more coverage than both liability and collision insurance. Whereas liability and collision cover your car in the event of an accident, comprehensive covers your car in the event your car is damaged as a result of inclement weather, theft, or even damage by an animal.
We recognize that many small business owners can fall into a gray area when it comes to the use of their personal vehicle for business. When you truly aren’t sure whether you should have a business or personal auto insurance policy, it’s worth looking into.
If you get a combined single limit liability coverage, then it combines both property damage and bodily injury coverage under one single limit. For example, in a car accident, the same coverage would pay for the other person's car and their injuries.
The more you understand about deductibles, the better equipped you'll be to make decisions that could save money on your auto policy. A deductible is the amount of money you pay out of pocket before an insurer handles a claim.
Auto insurance premiums have factors. They can be based on the owner or the users’ age, driving experience, accident history, and others. Those who wish to reduce their premiums can agree to take on more risks, which mean increasing deductibles.
Considering how important it is to shop around for car insurance in order to compare quotes and get the best deal, it’s surprising to know that only 27% of car owners in the US do it every few years.
An auto insurance company will look carefully at a prospective buyer’s driving record when determining their premium. Driving safely helps to save prospective buyers money.
When renting a car or truck, there is usually no need to sign up for the rental agency's insurance. Most standard policies cover car rentals, so don't pay twice for what you may already have.
While driving for a ride sharing company can get you additional income, you're also going to need added insurance coverage. This is because your personal insurance is suspended when you use the vehicle for commercial activities and what the insurance transport network companies (TNCs) provide is limited.
It is important that you report any damage to your car to your insurance agent as soon as possible. Not only will they arrange for an immediate assessment of the damage, the can also arrange for towing if the vehicle is not drivable.
For your protection, copy your insurance policy number and store it in a safe place. That way, if you lose your copy of the policy, you can contact the issuer for a replacement or assistance.
Being uninsured means that any accident could cause you massive financial liability. By protecting yourself with insurance, you’re guarded against accidents, lawsuits and fraud.
Unfortunately, studies have shown that using a cell phone while driving can be just as bad as drunk driving. One study found that drivers dealing with their phones were just as distracted as drivers with a BAC of .80.
Our modern word “broker” evolved from the Old French, brochier, to tap or broach a cask so wine could be sampled and bought. Today, of course, it typically refers to a representative who broaches discussions or acts as your intermediary in insurance matters.
The way you drive can determine how long you live. It turns out that drivers with fewer tickets or previous accidents lived longer. This seems logical since a careful driver will tend be involved in fewer mishaps.
Remedial driving classes do more than improve your driving. They also help keep your insurance premiums low. Don’t wait until you receive a ticket or are in an accident, take a refresher course every five to eight years and save.
Different occupations can receive better rates based on their statistical perception as drivers. Speak with your insurance agent about how you, and other drivers on your insurance policy, may qualify for a lower premium.
It’s important to consider your needs in the event of an accident when you’re buying your policy. Extras like towing and rental car coverage could end up saving you hundreds more than you pay in premiums.
When you’re getting an insurance quote for a car you’re considering buying, remember that a number of factors can alter it. Everything from the options you choose to the model year you buy can change the final price of your insurance premium.
According to insurance companies, mature, more experienced drivers have less accidents than newer, younger drivers. Because of this, older drivers can expect to pay less in auto insurance.
