Cut your car insurance cost by following these 5 recommendations: 1. Be a responsible driver Those who cultivate responsible and careful driving habits tend to have fewer accidents, better driving records, and lower auto insurance costs. While you can’t plan for every situation you may face on the road, you can take a few easy [...]
Is an Auto Club Membership Beneficial? After all, joining an auto club can be a significant expense, particularly if you have a large number of drivers or cars in your family. Is it worth the investment? The most common – and well-known – benefit of auto club membership is roadside assistance. This can include everything [...]
Car Insurance affected by the Economy: The economic downturn that began in 2007 and is just beginning to turn around in 2010 had a major impact on every aspect of American life. We all had to tighten our belts a bit, make some hard decisions, and address the changes to our personal bottom line. One [...]
You car insurance rates probably will go up after an accident, especially one in which you are at fault. But how much will they go up? Several factors contribute to a rate increase. First, if your insurance company determines that you were not carrying enough insurance on your vehicle at the time of the accident, [...]
How much car insurance I need? This is a common yet complex question. Prudence would suggest carrying the maximum amount of auto insurance that your budget allows. Yet doing so may result in unnecessary expense. Frugality would suggest carrying only the minimum car insurance required by your state, but this may leave you without critical [...]
It seems simple enough: if you can no longer afford your car loan payments, just report your car stolen and then torch it in the wilderness. On the other hand, maybe you have been in an accident, and you just exaggerated the extent of your injuries to your doctor and to your car insurance company. [...]
No-fault auto insurance (also called “limited tort” insurance) Allows policyholders to receive financial compensation from their insurance carrier, regardless of who was at fault in an accident, while the company determines liability and gathers information. Twelve states currently allow some type of no-fault insurance : Florida, Michigan, New Jersey, New York, Pennsylvania, Hawaii, Kansas, Kentucky, [...]