Auto Insurance Questions Archive for 2009

  • Should you insure an old car?

    Insuring an old car, specifically a car over 25 years old, would be a very good idea for a car owner. It is a good idea because a car over 25 years old is considered ‘classic’. When you say classic it should meet all the requirements of a classic car, and it is also entitled to all the benefits of … (more) September 4, 2009

  • Is it punishable by law to allow an unlicensed driver to drive my car?

    This is severely punishable by law. Every states and even the federal law has a law that guards against this , and a stipulated penalty attached to it. It is advisable never to let this happen at all because the consequence can be quite grave. It further goes a long way to affect your auto insurance. September 4, 2009

  • Why the cheapest car insurance may not be the best deal?

    There are four (4) types of car insurance: Full Comprehensive Car Insurance, Third Party, Fire and Theft, Third Party Insurance, and Specialized Car Insurance. These types of car insurances are designed to suit a variety of needs as each individual have different lifestyles, finances, and preferences. The most expensive is the Full Comprehensive Car Insurance, while the cheapest is the … (more) September 4, 2009

  • Am I to report every car accident to the insurance company?

    It is important that you report any auto accident immediately. So that the insurance company can send a representative to investigate and document the necessary descriptions of the damage for the sake of referencing when it comes to the time for coverage. September 3, 2009

  • If a ticket was received in another State but my license is from another, will It affect my auto insurance?

    If investigation is carried out by the law and it is noticed that your license was issued by another state It will go on to your drivers record which is central and can be made available for any authorised body that request for it. So the ‘accident’ cannot be hidden. Thus it will definitely affect your auto insurance. September 3, 2009

  • What exact cost will be incurred for the auto insurance?

    Nobody wants to pay more than is required for insurance. So there is a formula that is applied in this case. For the real price of the car there is a corresponding deductible that must be paid to insure it. This is calculated and sorted out accordingly. For instance, if it costs $100 there is a deductible that may range … (more) September 3, 2009

  • What can I do if I am hit by an uninsured driver?

    Just go ahead to make your claims at your insurance company. Your insurance company will sue the uninsured driver for the expense they incurred in fixing the damage. September 3, 2009

  • Can I be ever covered entirely by auto insurance?

    No matter the types and amount of auto insurance bought. You can never be fully covered. Because there are some “occurrences” that will never be stipulated in the policy. September 3, 2009

  • To what extent will a seat belt ticket affect my auto insurance?

    The driver and the passengers are accountable for this offense. However it is only the driver that is accountable for it if involves a child too. This offense is entered into your driver’s record and it goes a long way to affect your auto insurance because insurance companies make references from time to time when making decisions. September 3, 2009

  • Can I use a conditional License anywhere?

    Some States like New York will allow you to drive outside the state even with a conditional license. However the state of Massachusetts does not permit conditional license. September 3, 2009

  • Is a new car covered by existing auto insurance?

    Only some states will allow a limited grace period for you to use a car before you secure it with auto insurance. September 3, 2009

  • How many cars ply the US road?

    The amount of cars in the United States is about 62 million registered vehicles in US and 6.4 unregistered ones. September 2, 2009

  • How does an auto insurance company decide the amount of coverage for pain and suffering settlement?

    They pay as little as possible for this. So endeavour to request for a large amount of money when filing for an insurance claim to cover your need. The only time that they will feel mandated to pay much is if the damage is described as “severe”. September 2, 2009

  • Who is liable to cover for the damage in a case of an accident while working for my company?

    If you are injured while working for a company, it will be the company’s workman insurance that will cover for the damage. September 2, 2009

  • Will I be covered for old parts on the car?

    The insurance companies call this ‘wear and tear’. They are not liable to repair a car if there is no case of accident. September 2, 2009

  • How much will I be paid if the car is completely damaged?

    The insurance company will be obliged to pay you the fair market value for the car after investigation of the cost by both parties. September 2, 2009

  • Who is to blame for an auto accident?

    This can come in various forms depending on the point-of-impact. The point of impact can be by the car’s sides, rear or front, but what really matters most is who was negligent enough to cause the accident. September 2, 2009

  • Will my Auto Insurance cover if I have an accident with someone else’s car?

    Your personal auto insurance will not pay for the damage if the car in question has its own insurance. However in a case that the car lacks or is inadequate in insurance, yours will serve as the primary source for payment of damage. September 2, 2009

  • What makes insurance policies legal and binding?

    Car insurance among other type of insurance policies has different legal implications. It is bound to mutual bonds and as well as on the punitive side of justice. It is a mutual bond since it is a contract that the insurance company or the “insurer” and the policy holder or the “insured” mutually signed. The legal implication of an insurance … (more) September 1, 2009

  • How can we get cheaper car insurance for our teen?

    If our teenager acquires a separate car, it is inevitable that he/she must be able to avail a separate car insurance plan. Meanwhile, teens taking the wheel actually are a costly and often troublesome experience for us parents. Aside from the risk of them getting involved in accidents or traffic violations, and the burden of additional gas bills to be … (more) August 31, 2009