The factors used by auto insurance to determine premium rates can be baffling to the average motorist. For example, you have probably heard that your location (where you live) is one of these factors. On the surface, it may seem like your neighborhood should have nothing to do with your car insurance premiums. However, it may make much more sense if you consider that your neighborhood determines the following factors:
If you have a teenager who has recently passed their driver's license exam, you will most likely be allowing them to use this to their advantage by driving your car--or possibly one of their own. When selecting an insurance policy for your teen driver, there are a few steps you can take to make sure you are getting the best possible rate. Here are some tips to help you get a car insurance policy that will not break the bank.
Every motorist is on the lookout for ways of reducing their car insurance costs. This is all good, but you should be careful with how you reduce these costs, and how cheap you want your insurance to be. This is because dirt cheap insurance has some hidden costs that might affect you badly when you need your coverage. For example, an extremely cheap auto insurance: May Restrict You to Low Mileage Limits
If you have auto coverage for your car, perhaps you think that you'll be covered no matter what. Below are three things that can void your coverage and require you to pay for any damages out of pocket. Untold Modifications While you have every right to make modifications to your vehicle, don't expect your auto insurer to be enthusiastic. So, what if you just don't tell your insurer? Insurance companies aren't in the business of covering people who lie to them—failure to disclose any modifications done to your car can result in a denied claim.
Are you in a situation where a friend or someone else crashed your car -- or wondering about how your insurance company would handle such a situation? Take a look at these different categories of third-party accidents, and how insurance may apply. Just Between Friends So maybe you have a friend who has insurance and already drives a vehicle, but he or she just needs yours to make a short run.