auto insurance

In the Driver’s Seat: Understanding Auto Insurance For Business

For many companies, business depends on cars. This is true whether the business is a sole proprietorship or a corporation with hundreds of employees. When it comes to insurance needs, the type of policy can vary widely. It all depends on the type of business, who owns the vehicles, who’s driving them, and how often. Coverage Needs In most states, business vehicles require liability insurance for both bodily injury and property damage  that may result from an accident involving someone from the company. Many states also require uninsured/underinsured motorist coverage and/or personal injury protection (PIP). If the business owns or leases…

What Impacts the Price You Pay For Auto Insurance?

Many factors can affect how much you pay for auto insurance. Most insurers start with demographics, but personal behavior matters too. What matters most to insurers? It is a variety of reasons but some things are out of your control. The Gender Gap While it might sound discriminatory or unfair, how you identify might increase your premiums. Statistics show women are more likely to avoid accidents, less likely be cited for moving violations, such as driving while impaired or speeding, and tend to buy cars that cost less to insure. Women also don’t drive as much as the typical male.…

How Much Car Insurance Is Enough?

Accidents happen. In the blink of an eye. In a left-hand turn. Life can throw you a curveball. That’s what happened to Maggie. It was a few days before Thanksgiving. Her daughter was home from college. The two were out having a great morning catching up. Then, as Maggie turned out of a shopping center, her SUV hit an oncoming minivan and flipped it onto its side. The accident happened so fast. Maggie and her daughter are still unclear how it happened. Luckily, no serious injuries occurred. However, the passengers in the other vehicle sued for musculoskeletal and emotional damages.…

Renting Cars Through an App and How It Impacts Insurance

Most cars stay parked more than they roam the road throughout most of their lifetimes. Seems like a waste. What if, simply by using an app, you could not only get additional use from your car, but also make a little money on the side? Perhaps to help finance the payments or insurance, take a trip or just to save some extra cash? Copying business models similar to those of Uber and Airbnb, peer-to-peer car-sharing services use apps to make this happen for folks across North America and the world. What do you need to know about any rules, regulations…

Questions to Ask When Financing a New Car

If you’re like most Americans, you don’t have $36,270 (the average new car price) saved up and burning a hole in your pocket. However much or little you have saved toward the purchase price, you’ll need to finance the rest. Once you reach a deal, it’s time to talk financing. Knowing what to ask will determine how much or how little will be added to that purchase price. Where Will You Get Your Financing: Bank or Dealer? There are pros and cons to either option, and lots of exceptions. You can’t beat dealer financing for convenience. But sometimes a bank…

Before You Buckle Up: Insurance Tips for New Drivers

For new drivers, earning that license may seem like the biggest challenge when it comes to driving. However, obtaining the right car insurance is another obstacle many drivers don’t consider. These tips will help you keep in mind all you need to know about car insurance as a new driver. Consider Your Car Insurance Coverage If you are driving a car that is registered in your name, you likely need car insurance. It is the law in most states. However, there are several different types of coverage. Understanding all of the coverage types is the first step in determining the…

High-Tech Car Options: Splurge or Save

If it’s been a few years since you last shopped for a new car, brace yourself. Some of today’s vehicles have high-tech options that are straight out of the Jetsons. Cars aren’t flying yet, but some can drive and park themselves. And dashboards that used to house a radio and a few knobs now have digital touch screens the size of your first TV.   Like just about everything in the world of cars, some new features are must-haves and others are may-as-well-avoids. Remote Start At roughly $250-$400 dealer price, this is largely a personal call. If cold winter nights…

How to Deal With an Uninsured Motorist After an Accident

You’re driving to the grocery store and stopped at a red light. Just as the light turns green, you put your foot on the gas pedal and — WHAM! — you get rear-ended by another automobile. You’re startled, but not obviously injured. Time to quickly survey the scene. Groceries will have to wait. Uh-oh. The other driver doesn’t seem to be carrying auto insurance. Things just got more complicated. What do you do now? Here are a few key tips to help you deal with an accident where the other driver is uninsured. Call the Police Most states require a…

10 Keys to Saving Money on Vehicle Maintenance

The average age of a vehicle on America’s roadways today is approaching 12 years. Twenty years ago that number was 8.4; 40 years ago it was only 5.5 years. Whether it is a testament to improved manufacturing, higher car prices, or maybe Americans have figured out that life is pretty good without a monthly car payment, one thing is clear: Vehicles are lasting longer and proper maintenance can push life expectancy to unprecedented levels. But we can’t forget all that care and feeding can still present some sticker shock. Here are 10 tips for keeping your ride and your wallet…

3 Steps to Handling a Fender Bender

What do you after getting into a fender bender? Assuming nobody is seriously hurt and you don’t have to call immediately for help, you have some work ahead of you—dealing with the other motorist, informing the authorities and working with your insurance company. Document the Crash While you’re still at the scene, safety is top priority. If possible, motion for the other driver to pull over, so both of you are out of harm’s way. If your vehicle is not drivable, it might be best to stay in it until help arrives. In that case, call 911 for police help.…

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