Do people with red cars really get more speeding tickets than those with blue cars? Do automobile insurance companies use the color of your car to determine your Car Insurance rates? Do certain colors increase your chance of an accident?
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The color of my car determines my auto insurance rate. My credit score has no bearing on my insurance premium. I have auto insurance coverage so my new car is already covered… right?
Maybe not! Below is a list of fallacies many car owners believe and drive by each day. The truth just might make you change course.
Myth #10 “No-fault insurance means it’s not my fault!”
False. No-fault insurance means that your insurance company pays for your damages regardless of who’s at fault.
Myth #9 “The color of my car affects my insurance rate.”
False. The color of your car does not impact your car insurance rate. What does influence your rate is your vehicle’s year, make, model, body type, and engine size, along with your credit history and driving record. (more…)
You probably know that lenders use information in your credit report to determine if they’ll give you credit. But did you know that in some states, insurance companies also consider your credit history? Good or bad, your credit history may affect your ability to purchase homeowners or car insurance coverage and help determine what premium you’ll pay. (more…)
When it comes to car insurance rates, who you are determines what you pay.
Automobile insurance premiums are based on a large number of factors, some of which you can control, and some of which, alas, are incontrovertible facts of life. Statistically, a sixteen-year old boy with a 300 horsepower sports car in a big city is far more likely to hit something than a 35 year-old married guy driving a minivan around the suburbs.
While you can’t change your age and some other factors, there are things that you can do to keep insurance premiums as low as possible.
Factors you CAN’T change that impact your car insurance rates: (more…)
Most people complain about the cost of their car insurance - hardly surprising, given that a typical policy costs at least several hundred dollars a year. Depending on your age, driving record, and other factors, your annual premium can be significantly more than that. So how can you lower your premium and save yourself money?
If you own a car and drive it, going without insurance is generally not an option. In most states, you are required by law to purchase a minimum amount of liability coverage. And you should probably have more than just the bare minimum if you want to provide yourself with adequate protection. There are steps you can take, however, to reduce your car insurance costs without having to cancel your policy. Some or all of these steps may be appropriate for you, depending on your circumstances.
Specific ways to save money on car insurance: (more…)
Laptop, book money, bean bag chair, TV with DVD player, iPod, cell phone, shower tote and debit card—sounds like your college-bound teen is all set to start school! But are they ready to handle the responsibilities of driving on campus? Sure your teen driver knows how to navigate around your home town, but going to college means driving in an unfamiliar territory—one with more pedestrians, new distractions and new destinations. Car Insurance and Driving Tips for College-Bound Students and young drivers.
To help make the driving adjustment easier for your teen, we’ve listed some helpful tips for you and your child to consider as they go off to school. (more…)
Between gas prices and the economy, American drivers are having trouble deciding what autos to buy. Many people are exploring alternatives, from bikes, to buses, to biofuels. One auto alternative is hybrid cars. What exactly is a hybrid and how could it lower your car insurance quotes and you can have a cheaper car insurance?
Gas Mileage and Car Insurance. The reason most people want a hybrid is because of the great gas mileage they can get. How is this possible? Technology for hybrid autos varies, but higher fuel efficiency is usually accomplished with an electric motor. Batteries store energy recovered during braking and supply that energy back to the electric motor, cutting down on the amount of gas used. A 2008 Toyota Prius, for example, gets an EPA estimated 46 MPG for combined use, while a 2008 Honda Civic Hybrid gets an EPA combined rating of 42 MPG. (more…)
If you drive, you know how crazy it gets out there. Accidents happen, fenders get bent, people get hurt. Or you’re innocently parked in your driveway and a tree limb crashes through your windshield. When disaster strikes, car insurance is there to protect you.
Why buy car insurance?
1.) Car insurance protects you against the financial risk associated with personal injuries and property damage caused by auto accidents, theft, vandalism, or natural disasters. (more…)
Parents of newly minted drivers have much to fret about, with research showing that concerns about teen driving top all other parental worries. In addition to lost sleep, count on significant additional expenses, too. Parents can expect their auto premiums to nearly double when adding a teen driver, because 16-year-olds are nearly 10 times more likely to get into accidents than other drivers, according to the Insurance Institute for Highway Safety. (more…)
“Cheap Car Insurance” has become one of those catch-phrases heard daily and only too often by the now desensitized consumer, thanks to the advertising and marketing industry. You find it used in radio ads that like to repeat at least twenty times while you are trying to snooze on Sunday mornings, in ten second television commercials with convincing salespeople, and in the headlines of so many of the advertising posters that line the sides of subway cars and buses. Okay, okay, okay, I get it: “cheap car insurance.”
With so many competing companies out there to offer what they claim is “cheap auto insurance,” or “cheap car insurance,” how do you know which one to choose? It can seem as if you’ve stumbled into a county fair or flea market: “cheap car insurance, come here to getch’urr cheap car insurance, the best cheap car insurance, getch’urr cheap auto insurance, come ‘an get it, super cheap auto insurance!!”
Okay, okay, okay! I get it! I should get cheap car insurance. It seems a bit obvious, right? After all, doesn’t everyone want to get cheap car insurance? I don’t think I’ve ever met anyone who wanted expensive car insurance! (more…)