car insurance

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4 Tips for Buying Car Insurance

Like most things in life, a one size fits all policy doesn’t exist when buying car insurance. State minimums are a good place to start but those often don’t provide enough coverage to protect you and your family. Depending on your car’s make, year and model, a car insurance policy containing full collision coverage and all the bells and whistles may be too much. So how do you go about buying car insurance that offers the right amount of coverage at the best value? The key — talking openly with your insurance agent. Tip #1: Shop Early The best time…

Car Maintenance and Repairs: Tips to Save Money on Car Insurance

One way to save money on car insurance is to keep your car in tip-top shape by focusing on car maintenance and repairs. But keeping up on those tasks, you may also be able to save money on your car insurance. Think about it. If you’re in a wreck and file a claim, there are car repairs you have to make and those you don’t. Regular car maintenance and repairs help prevent accidents, which could help lower your annual car insurance premiums, saving you money on car insurance. Car Repairs After an Accident  In many cases, you will file an…

How Much Car Insurance is Required in Your State?

Without car insurance, the financial consequences of an accident can be devastating. Car insurance requirements by state vary so it’s good to know what is required where you live. But, most states insist you have car insurance to drive a car so it’s important to have the right amount of coverage. If you’re buying a new car, adding a driver to the family, or moving to a new state, now is the time to revisit your automobile insurance policy. Ensure you hold the required amount of car insurance, at a minimum, to protect you and your family should an accident…

Your Kid’s at College – Do You Keep Insuring the Car?

Should you keep your college student on your car insurance policy or have them take out their own car insurance policy when they go away to school? There’s not one right answer. For college students, car insurance premiums can vary widely due to factors such as vehicle type and age, the miles the student drives each year, where the vehicle is garaged, the grades he or she gets in school and driving record. All of which raises the question, are there reasons to keep my college student on my car insurance policy? Or is is better to have them take…

Leasing a Car – Does it Make Sense for Your Money?

According to data at Statista, about 30 percent of Americans lease their vehicle. Are they onto something good or are they making a huge financial mistake? Let’s take a look at how vehicle leases work, pros and cons of leasing a vehicle, how a vehicle lease impacts your auto insurance, and whether or not a vehicle lease makes sense for you. How Car Leases Work When you buy a car, with or without a loan, it is clear you own the car. And it’s clear what happens when the loan is paid off. With a lease, things work differently. Rather…

Getting Auto Insurance for a New Teen Driver

Even though more teens are putting off getting their driver’s license and delaying hopping behind the steering wheel, they’ll start driving at some point. And that means that your new teenage driver will need auto insurance. Here’s a six-point checklist for insuring that new driver (teenager or not): Create a Budget First things first. Determine how much you can spend (read: would like to spend) on your new driver. In this overall budget estimate, include annual costs for insurance, another family car — if that’s part of the plan — and auto maintenance. An item to note: Simply adding a…

How to Insure Your Car for a Short Period of Time

In doing auto insurance research you may have run across some information about temporary car insurance. If you ask Google “Do I need temporary insurance for my situation?” we have the answers. In most cases, experts say, additional auto insurance is not necessary or even useful. Exceptions pop up, but chances are the comprehensive auto policy you already have also will work in a “temporary” situation. Realize something else: With some exceptions, “temporary insurance,” usually means terms lasting six months or a year. However, it’s also the kind of agreement you can cancel once you no longer need it. No…

What’s Covered by Insurance When Your Car is Stolen?

Pop quiz: What is the most popular vehicle in the United States? If you answered the Ford F-150 pickup, you know the auto industry. What about the most popular vehicle among car thieves? If you said the 1996 Honda Civic, you know the insurance industry. So what happens if your vehicle disappears from your driveway, parking garage or wherever you last parked it? From an insurance standpoint, it all depends on the type of policy you purchased to cover the vehicle. If you’re driving a ’96 Civic, chances are you’re carrying only liability and/or collision insurance. That’s a wise decision…

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.…

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