Auto Insurance Questions Archive for January, 2010

• What have I missed for gap insurance?

  Before understanding what a Gap Coverage is, it is better to understand first what a “gap amount” is. A gap amount is the difference in amount on the original price of an automobile and the price that a car insurance company will pay for a policy holder’s car in case of a total loss. In other words, when a person … (more) January 31, 2010

• What is Comprehensive Coverage?

  If Collision Coverage insures a policy holder’s car from damages that are incurred from accidents that involve all sorts of collision related situation, Comprehensive Coverage will insure a policy holder’s car from damages that may be incurred from all causes, other that collision, such as fire, flood, other natural calamity, vandalism, hitting or being hit by an animal, or by … (more) January 31, 2010

• What is a Collision Coverage?

  Collision Coverage is an optional car insurance coverage that will insure a policy holder regardless if he is at fault or not. Meaning a motorist is covered from any damage incurred in any accident. Collision Coverage will also insure the policy holder’s car or property and other damages, which can be incurred from hitting a light post, fire hydrant, or … (more) January 31, 2010

• What is the other car insurance coverage besides those required by law?

  The law requires their motorists to have as part of their car insurance coverage the Liability Coverage that includes Bodily Injury and Personal Property Coverage, Personal Injury Protection or PIP Coverage and Uninsured & Underinsured Motorist Coverage. Aside from these, there are still bunches of car insurance coverage that can be optionally added by policy holders to their car insurance … (more) January 31, 2010

• What is Uninsured and Underinsured Motorist Coverage?

  Uninsured and Underinsured Motorist Coverage, are two coverages that can either be purchased or added to a policy holder’s car insurance policy, but most of the time it is required by the law to have both. If a policy holder have Uninsured and Underinsured Motorist coverage in his/her car insurance policy, and in case he/she got involved with an accident … (more) January 30, 2010

• What is Personal Injury Protection Coverage?

  If Liability coverage, which includes bodily injury coverage and personal property coverage, pays or insures for the medical the expenses and property repair for the property/properties of the other party/parties that got involved in the accident, Personal Injury Protection coverage or PIP coverage will be the one paying or insuring for the medical expenses of the policy holder, all the … (more) January 30, 2010

• What is a Liability Coverage?

  Liability coverage is comprised of two coverages, the bodily injury coverage and personal property coverage. Both the bodily injury and personal property coverage are part of the liability coverage which is designed to protect and/or to insure the policy holder, meaning the insured motorist, from expenses, such as medical expenses and property repairs, which are suffered by the other party … (more) January 30, 2010

• What are the Basic Car Insurance Coverages?

  Basic car insurance coverages are normal the coverages that should be included in a car insurance policy. These are mostly required by the law. These car insurance coverages are different depending on the sate where the car owner or motorist resides. The most commonly required by every state law requirement of car insurance coverages are the following: Liability Coverage, … (more) January 30, 2010

• Am I really sure that my car insurance will protect me?

  Car insurance policies are legally binding. The insurer has the authority to charge regular payments in exchange of insuring possible economic losses of the policy holders. These payments are called premiums which are paid at regular intervals. Getting car insurance is required by law. Driving without it may give you legal and financial problems later on and exposing other … (more) January 29, 2010

• I am thinking of buying a new car. Is there a car that will cut the cost of my insurance?

  Have you heard of hybrid cars? Hybrid cars are also known as HEV or hybrid electric vehicle. It has been tagged as an environment friendly vehicle because it features a small fuel-efficient gas engine combined with an electric motor that assists the engine when accelerating. The electric motor is powered by batteries that recharge automatically while you drive. The … (more) January 28, 2010

• What are the factors that affect the rate of car insurance policies?

  Car insurance companies offer different rates of insurance policies. You can shop online so you can compare their rates and to have an idea of the different types of car insurance and the factors that affect car insurance rates. The biggest determining factor is the type of your car. The age of the car, make and model, and value … (more) January 27, 2010

• What are the benefits of getting a car insurance quote?

  Information about car insurance companies and the policies they offer are now open and easy to understand. These can be accessed anytime in the internet because they maintain websites where you can see almost all the information you need. The internet is a rich source of information if you want to scout a better insurance policy or a cheaper one. … (more) January 26, 2010

• Should I switch for cheaper car insurance?

  Maybe you are thinking of getting cheaper car insurance especially now that the economy is not the way it used to be. Maybe you are worrying too because unemployment rate is increasing, real wages are falling and many large companies are in hard times or worse, running bankrupt. In these tough times, cutting the cost of your expenditures including your … (more) January 25, 2010

• Why do women get cheaper insurance?

  If you already tried policy shopping for car insurance, you may have noticed that women have cheaper car insurance charge compared to other type of drivers. This can be explained through the categories used by car insurance companies. High risk drivers are usually those who are involved in accidents, have bad driving records and notorious driving attitude. Car insurance companies … (more) January 24, 2010

• Who should get GAP insurance?

  Car value depreciates over time because of usage and other reasons. Normally, a car will cost 30 percent less in three months after purchasing it. Surely, you would not want an insurance that will not pay you the same amount that you paid for your car. Guaranteed Auto Protection (GAP) insurance is an extra insurance that protects your car … (more) January 23, 2010

• Should I get another car insurance policy when I’ll move to another state?

  Driving without car insurance is illegal in every state. It is better to get insurance than suffering the consequences later on if you were caught driving without it. States differ in their car insurance requirement. It is important to comply with your state’s requirement because many states take their car insurance laws seriously. There are stiff penalties imposed to drivers … (more) January 22, 2010

• What should I keep in mind when looking for the right car insurance?

  Choosing the right car insurance policy is what every car owner wants. It may be hard to choose because many car insurance companies exist in the market. Most of them offer reasonable and competitive offers designed to meet every individual’s multifarious needs and wants. In choosing the right car insurance, surfing the internet is the best thing to do. It … (more) January 21, 2010

• Why will happen if I don’t get car insurance?

  There is a need for every driver to get car insurance. Car insurance is a mandatory requirement that the government has imposed in many states. People will not be allowed to drive their car if they fail to get the different requirements of the state which they are driving. A person must know the car insurance requirement of the … (more) January 20, 2010

• How can I get cheaper car insurance for my teen?

  Teen drivers are usually seen as great risks by car insurance companies. The result of this is that the car insurance companies ask you to pay more when a teen is part of your coverage. These risks have statistical evidence to back them up. Getting cheap car insurance for a teen is difficult but there are certain ways in which … (more) January 19, 2010

• How do I make a claim in case of vehicle theft?

  There are many questions to be asked if you are worried about having to claim for a stolen insured vehicle. Theft is as unexpected as an accident and your car insurance policy should include provisions on vehicle theft. Make sure to get a comprehensive coverage to cover for theft. If you are wondering about what to do in case … (more) January 18, 2010