The reason that your car insurance rate increases every year is simple: insurers take into account millions of data points to determine your risk. Then, they adjust their rates in those areas where they lose money. Here are some of the main factors that affect your rates: Rate increases are based on shared risk If…
If you moved recently, you might be wondering why your car insurance went up. It could be because you spend more time driving, increasing your risk of getting into an accident. You could also have a price break if you commute less or don’t live in a city with a high insurance rate. If you’ve…
Whether you’re looking to insure your classic car or not, you should know what year qualifies. Geico and Hagerty offer coverage for classic cars that are 1995 and older. Other insurers may also offer coverage. Classic car insurance policies are different from standard auto insurance, though. Read on to learn about the criteria for classic…
Car insurance companies determine the value of your car using a number of methods, including the actual cash value, fair market value, Kelley Blue Book value, and others. The underlying principle behind this method is that the actual cash value is far higher than the cost of replacing your car in case of an accident….
You’ve heard of auto insurance quotes. These quotes are estimates, based on your personal information, and help you compare rates and coverage options. These quotes also tell you whether an insurer has a good reputation. So, how do you get a car insurance quote? Here are some tips. First, know what you want from your…
What documents do you need for car insurance? It all depends on the type of policy you are looking for. In most states, you will need your driver’s license and proof of insurance. You can get proof of insurance through your SR-22 or FR-44, Dec page, or other insurance ID card. If you haven’t received…
Having a clean driving record and no tickets will get you the lowest premiums from many different insurance companies. However, accidents and multiple speeding tickets can put you in a high-risk category. The best way to keep your premiums low is to maintain a clean MVR. Listed below are some of the best providers for…
When you are searching for a new auto insurance plan, you’ll need to know what you need for your policy. The basic information you will need to provide includes personal information, prior incidents or moving violations, and the type of coverage you’re interested in. Before going to the office to apply for a policy, you…
What is full coverage car insurance? It’s a type of package deal that includes multiple policies to cover all of your car insurance needs. Before you buy it, make sure you know the difference between the various policies. You need to know how much coverage you need so that you can make the right decision….
You can get insurance coverage for a new car automatically. This coverage is good for a few days after you purchase the vehicle. It also pays up to the value of the car. This type of coverage is also known as full coverage. It is important to have the right kind of coverage for the…