Auto Insurance Questions Archive for June, 2009

  • How much will a car-insurance firm pay the insured who meets an accident?

    This is the most forceful question a policy holder will ask after getting involved in a vehicular accident. He could go on and also ask what the insurance company is compelled to pay if his car was in the accident? What if he was driving another person’s vehicle at the time? What if a person was … (more) June 30, 2009

  • What is a fault-based car-insurance policy?

    About 25 percent of the states in the US maintain fault-based car-insurance policy schemes. In this setup, the insurance coverage of the individual found to be at fault for the vehicular accident will be used to pay for damages of the other driver involved in the accident but was proven to be blameless. If you … (more) June 30, 2009

  • What will you do if you think the adjuster’s settlement offer is lower than what you deserve?

    The insurance adjuster’s starting offer will be guaranteed to be too low. Insurance adjusters know it is their job to keep settlements as low as possible to the advantage of their insurance company. It’s been said that adjusters are authorized by their bosses to try to settle all claims not any higher than a … (more) June 30, 2009

  • How are auto-accident insurance settlements agreed upon?

    It should warm the hearts of car-accident claimants to know that almost 95% of claims end up with a settlement. You should bear in mind, though, that you should never consent to an untimely settlement and an insufficient amount just to get paid promptly. You will only regret it in the future. Use your negotiation time … (more) June 30, 2009

  • How do I go about negotiating the insurance settlement in an auto accident?

    Granted that you have given the insurance adjuster the documents that were requested, it might now be necessary to negotiate a settlement on your claim. Should you already have filed for a claim with the at-fault party’s insurer for property damage to your car or physical injury or both, things can get complicated. Usually, the … (more) June 30, 2009

  • Do I have to call a lawyer right after I get involved in a vehicular accident?

    Gauge the urgency of the situation and decide whether it is proper to immediately involve your lawyer in your situation. Analyze the scene; what just happened, what the extent of damage is, what the severity of injuries is and to whom. If you and those with you in your vehicle have remained relatively unharmed then … (more) June 30, 2009

  • Which is better, lower or higher deductibles on a car insurance policy?

    You cannot choose an ideal here; personal preference is the major factor. Higher deductibles would usually translate into less overall costs on one’s insurance plan since you will be paying more yourself once you get to filing for a claim. Lower deductibles, on the other hand, usually get you to spend more on overall insurance. In … (more) June 30, 2009

  • Why does area location impact auto insurance rates?

    Insurance companies consider area location in determining auto policy prices. Others factors that come into play are age, sex, type of car, driving record, credit history, claims history, type and amount of car insurance last bought. People who live in urban areas usually are assessed higher insurance premiums than those who live in rural areas. The … (more) June 30, 2009

  • How can I save money by doing a comparison on car insurance companies on the web?

    There are people who feel it is more convenient to stick with a single insurance company. The reason for this is that their insurance plans on life, home, and car are just from one company. They may not realize it but they could be paying more than they have to for that one-stop-shop privilege. Most people … (more) June 30, 2009

  • How can I get the best possible deal on auto insurance even with a bad driving record?

    Even with a driving record that would make Kiefer Sutherland cringe, there are ways for you to save some cash on auto insurance. But do not think for a second that you can keep downing three quarts of vodka and get in your car to cruise downtown. What that means is go improve your driving record … (more) June 30, 2009

  • What should I do when I have been ordered to bring with me an SR-22 but I do not have a car of my own?

    A state regulatory group could require an insurance firm to confirm that a particular driver can pay future minimum claims as mandated by the state. This is why some people have to carry an SR-22. It is proof that a person is financially responsible. If you do not own a car, you will buy a non-owner’s … (more) June 30, 2009

  • Why should rates of car insurance firms be compared every year?

    Car insurance firms, as their nature of business, are constantly searching for reasons to raise auto insurance payments. You are a teenaged driver. You do not own a garage. You bought a car model that statistics show to be a favorite of car thieves. You just got a new job and travel a longer route to … (more) June 30, 2009

  • What is subrogee?

    A subrogee is generally defined as a person or a unit like an insurance firm, that takes up the legitimate right to try to collect for another individual or party (subrogor) a certain claim. In relation to car insurance, a subrogee is typically the insurance firm that insured the individual and/or party (the subrogor) that received … (more) June 30, 2009

  • Do I need to have a car to get car insurance?

    Owning a car is not a requirement for car insurance. If you qualify for a non-owner’s policy, you can get car insurance. If you do not have a car of your own, and no one in your household owns a vehicle that you can drive, you may still acquire a non-owner’s policy. The only thing you … (more) June 30, 2009

  • What factors influence the price of premiums offered by insurance companies?

    The chief issue on how car-insurance rates are set are the expenses involved in paying to settle accidents. Other operating costs have to do with marketing (advertising, salaries of brokers and agents, expenses, and commissions) and overhead expenses (staff and management salary and office expenditures). Companies make up for part of the operating expenses by … (more) June 30, 2009

  • Is there any truth to stories that rates on auto insurance have dropped in the United States in the last few years?

    Premiums on auto insurance have been the lowest in May 2009 since September of last year. In September of 2008, rates rose to $1,950 and fell to $1,871 last May. This falling off was caused by the decrease in rates in the last three years. Even states with high premiums such as Florida and New York … (more) June 30, 2009

  • What could possibly happen to a driver who has no auto insurance?

    Every driver who finds himself in an automobile accident, caught by law-enforcement officers driving sans auto insurance or evidence of financial responsibility, will be penalized according to the state’s laws. An uninsured individual involved in an accident where damage to property or injury to other persons occur, will be forced by the court to … (more) June 30, 2009

  • Why is expensive to insure a teenager?

    A veteran driver with a bad driving record can find his insurance premiums soaring to new heights every time he renews his policy or gets a new one from another company. Insuring a 16-year-old could prove just as costly or maybe even more. Drivers in this young group usually lack experience required for persons to have … (more) June 30, 2009

  • How much auto insurance coverage does one need?

    It can be difficult to determine what car insurance coverage you require for yourself. Every time an insurance agent tells you that you should be getting more coverage, it is natural to ask yourself if it is because you really do or your cynic button might light up and tell yourself that the agent is merely … (more) June 30, 2009

  • Which is preferable, to buy auto insurance from an agent or to buy it direct from the company?

    Both choices, purchasing auto insurance from an agent or getting it from an insurance company without a middle man have their advantages and disadvantages. Your choice will eventually be made on what is more convenient to you. Your goal will always be the same – to get the best deal in the quickest time possible. It … (more) June 30, 2009