Car Insurance 101

For those who are not familiar with the term auto insurance deductibles; deductibles refer to the amount of money you pay out of your wallet before your auto insurance coverage take into effect. Insurance companies require policy holders to pay a certain amount depending on their contract before the policy holder can take advantage of their insurance. By knowing the amount that you can comfortably pay when accidents happen, you will be able to determine the right car insurance for you. Defining a Deductible Payment … Read more

There will come a point that your auto insurance needs or your financial situation may change which will force or require you to make changes on your existing auto insurance policy. And this is where auto insurance endorsement comes in. Basically, an auto insurance endorsement refers to the changes that you may want to do on your existing auto insurance coverage policy. These changes can be to expand it or to restrict coverage with the former giving you more benefits but getting you higher premium … Read more

Assuming a higher risk with respect to your auto insurance depends on your choices and your current situation. Just because you have money in the bank or you are tightening belts during the rainy days does not mean that you have to opt for a higher risk with auto insurance or opt for a lower one. You would be surprised to know that choosing to assume a higher risk does not entirely depend on how much money you have on hand or how broke you … Read more

Somebody should have told you that insurance companies are impression-based. You must not take it personally because providing insurance to the public is a business. The list below will tell you not only the penalties but also the repercussions of late auto insurance payments. Cancellation due to non-payment The insurance company may have to cancel your policy when you do not pay on time. While life insurance policies usually have a grace period, not all auto insurance companies allow a grace period within which you … Read more

Lowering and increasing your auto insurance deductible should be made to depend on different variables and factors which affect the extent that an insurance company would agree to assume the risk. These factors are quite many. Below are some of the factors which would deem it advisable to opt for a low auto insurance deductible. Your area Do you live in a heavily populated place? More people means more automobiles in the road and therefore more traffic. Accidents are most likely to occur on a … Read more

Admittedly, there are years that you are not able to take advantage of your premium because you do not incur damage or do not cause damage to others. This is the reason why it is wiser to opt for high auto insurance deductibles when procuring an insurance policy. Who might be the best people who should have high auto insurance deductibles? Owners of old cars It makes sense to pay a low premium for an old car, correct? And of course a higher premium has … Read more