Important Factors that Influence Auto Insurance Policies

by Richard Burton

In a recent blog by Cars Insurance Savings, the writer mentioned seven things about a car that influences the cost of auto insurance. Before buying a car, it is important to make sure of some things because they can incur a lot of cost. To be brief, here are the seven things that car owners need to make sure: Find out how much repairs would cost: If the car is a foreign and fancy one, it can cost you a lot to repair it! This translates to a high premium for the auto insurance. Be sure that your car … (more) January 16, 2015

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  • Many Motorists Still Uninsured in Colorado in Spite of Law

    by Jeanny Hopper
    Many Motorists Still Uninsured in Colorado in Spite of Law

    Despite rigid laws already being implemented, Colorado still ranks among states with the highest number of uninsured motorists. According to a data released by the Insurance Research Council (IRC), the probability of being caught in a vehicular accident with an uninsured driver in Colorado is as high as 15%. This pales in comparison to only 10% of the over-all probability that a motorist might figure in a car mishap. IRC is an independent, non-profit research organization whose aim is to provide timely data and information which affects insurers and consumers. It also performs analysis on data to study the statistical … (more) January 29, 2010

  • Car Insurance in Michigan to Go Up

    by Jeanny Hopper
    Car Insurance in Michigan to Go Up

    Car owners in the state of Michigan will soon have to pay more for their auto insurance. Beginning on July 1 of next year, motorists in the state will have to shell out an average of $20 more for insurance. That figure totals to around $124 per household. The extra insurance collection will help provide much needed resources to the Catastrophic Fund, a special reserve fund set aside to help motorists who are seriously injured in a car accident. While the objective of the rate hike may seem to be noble, some motorists are not so pleased with the plan. … (more) August 21, 2009

  • Experts: Don’t Drop Insurance, Get Cheaper Ones

    by Jeanny Hopper
    Experts: Don’t Drop Insurance, Get Cheaper Ones

    Industry analysts have expressed concern over the growing number of Americans hitting the road without insurance. They say that with the poor economy, more and more drivers are choosing to drop their coverage completely and risk fines, penalties, and even jail time. Experts add that costly traffic tickets and possible prison time are not the worst things uninsured motorists have to face. Physical injuries and other damages from an accident can cause uninsured drivers thousands of dollars in liability claims. They can even lose their homes and other assets if the other party decides to file a lawsuit. Economists say … (more) July 25, 2009