Auto Insurance Questions Archive for May, 2010

  • How do parents get to be involved with their teen?

    Students who want to have cars must first get the consent of their parents. Parents on the other hand, before accepting and approving the requests of their daughters and sons, should be equipped with words of wisdom that will teach their children to be responsible on the road. If parents neglect on having one on one conversation with their children, … (more) May 11, 2010

  • How to shop for auto insurance?

    Because having car insurance is required in almost every state in the US, and also in other countries across the world, one has to be financially covered in case an accident happen. To do so, drivers and motorists have to be well informed in order to choose the right kind of coverage they need. This is to make sure that … (more) May 10, 2010

  • What is Liability Coverage?

    Liability coverage is specifically for bodily injury, such as when an insured driver is responsible for inflicting bodily harm, injuries, and even death of a third party. Take note that liability coverage does not cover harm that may come on you or your own passenger, given that you are the driver responsible for the harm. Liability coverage is only responsible … (more) May 9, 2010

  • What are the easy steps that teenagers must follow to have lower price of car insurance?

    Owning a car has been a trend for almost all teenagers and college students. Car owners have set a fad statement in the university. Apparently it became a necessity, for it is much easier and comfortable when students own their car. Nonetheless, parents see this as another way of teaching their child and making them more independent. Owning a … (more) May 8, 2010

  • What are the pros and con of applying auto insurance online?

    The internet is an efficient and popular means of finding information. Meanwhile, auto insurance companies have taken this advantage to improve their services for the coverage needs of drivers and motorists. A study conducted just last year proves that there are more people applying for coverage on the internet, with results showing that 68% of new auto insurance customers apply … (more) May 7, 2010

  • What is the difference between GAP Coverage and Total Loss Coverage?

    GAP or Loan / Lease Pay-off Coverage, as the term implies, does have something to do with car loans and leases. It offers protection to drivers or vehicle owners whose loaned or leased cars obtain costs of damages that exceed the actual monetary value of the vehicle. In other words, if the leased car is damaged beyond possible repair, the … (more) May 6, 2010

  • How do car insurance rates vary?

    Car insurance rates vary from company to company. Teenagers, as well as their parents, would like to know the factors that determine the rates of their car insurance and their policies. This kind of factor actually differ in every company, which is why some teenagers will notice that there are companies that offer cheaper insurance rates than the other. Sometimes, … (more) May 5, 2010

  • How is Actual Cash Value determined?

    Actual Cash Value (ACV) is a method of valuing insured property. It is also defined as the replacement costs that insurance companies pay for one’s damaged property after subtracting depreciation. The general rule in order to calculate the value of one’s vehicle includes taking into account the effect of depreciation due to wear, condition, and aging. But, each company has … (more) May 4, 2010

  • Where and how should I apply for auto insurance?

    Drivers and motorists must apply for auto coverage at an insurance company that they trust and are familiar with to give them quality protection. It would be easier to apply for auto coverage with that scenario; thus, one has to simply approach the company and avail their financial reimbursement. For those who have yet to find a trustworthy company, there … (more) May 3, 2010

  • Why does the government require drivers to have car insurance?

    The government requires drivers and motorists to have car insurance for the same reason why it enforces law and order: it is for the people’s safety and protection. Many accidents happen on the road, and people need financial protection and reimbursement in case they find themselves caught in one. This is to ensure that both and motorists won’t have to … (more) May 2, 2010

  • What are the benefits of maximizing insurance coverage limits?

    Coverage limits refer to the maximum amount of insurance that will be paid per person, per incident, respectively. Insurance coverage comes in different types; as well as limits which are provided in the terms and conditions. Coverage can range from damage to property, car theft, vehicle collisions, and even health care. Normally, a motorist would be able to determine easily … (more) May 1, 2010