Auto Insurance Law » Insurance Auto

Gap Car Insurance Protects Your Auto Financing Investment

admin — Mon, 28 Jun 2010 16:41:58 +0000

What is Car Gap Insurance For?

If you have purchased a new or used car with a loan, you probably owe more than the book value of the car for the first several months you pay on your loan. If you did not put down a large down payment or if you rolled over a loan from your old car, you may owe quite a bit more than your car’s value. You are probably willing to accept this fact because you are really just making car payments, have a car you like, and know that you will get the car paid off in time. But the fact is, most cars lose 20% of their value the minute you drive them off of the car lot.

If you buy a $20,000 car, the actual value of that car may drop to $16,000 very quickly. You have just taken the 20% hit. However, accidents happen. If you have an accident, or your car is stolen, you may be asked to settle for the book value. That means, you still owe $4,000 more on a car you cannot use!

Car Gap Insurance closes the gap between a car’s value and your loan. You normal car insurance will still pay off the car’s value. The auto gap insurance policy will make up the difference. Now some comprehensive auto policies may pay the financed value, but most do not. Be sure to look at your policy or ask your agent to make sure.

Where do you Buy Car Gap Insurance?

When you buy a car, your dealer will offer you a car gap insurance policy. He or she may even offer to roll the price into your loan. However they will charge you a premium price. Some people choose to purchase auto gap insurance this way because it is simple, or because they don’t realize they even have an option!

However, you do have a choice. You do not need to pay $700 or $800 for car gap insurance from a car dealership. You can buy the same policy online, directly from the insurance company. Online car gap insurance policies ill cost less than half as much as car gap insurance from the dealer. You could pay $399 instead of $700 to $800!

Your other choice is to find a comprehensive car insurance policy that will cover your car’s financed value. You can call around, but it is easier to use an online quoting system. Look for an insurance quoting system that is BBB approved and has a stated privacy policy.

By: Marilyn Katz

Obtain Affordable Car Insurance Online

admin — Sun, 27 Jun 2010 07:58:26 +0000

Shopping for auto insurance can be really exhaustive and frustrating activity. To ensure that you have availed outstanding coverage for the minimum possible amount will require you to put in extra effort and compare the plans offered by varied agencies. Most favorable means of making the process of purchasing auto insurance go smoothly and steadily are to browse through the Internet and shop online by making a comparative analysis between the various plans and rates of car insurance.

Coming across an car insurance company online is not a difficult task at all. For this all you have to do is type in auto insurance in any of the popular search engines and you will get thousands of results, enabling you to make comparisons between the different plans as well as rates offered by varied companies. Get your personal details such as name, driving license number, phone numbers, date of birth along with details of your car including the model, VIN number, year ready by your side.

Secondly, it is immensely vital to know about your limits. The kind of coverage you require and how much can you spend monthly on it, all such questions need to have an answer in order to save money and buy the best car insurance coverage.

If you are perplexed then it is best to consult an insurance agent. If some information you find online is baffling you then make a selection of the agent from amongst the several websites and buzz them to solve all your queries. If they are ware of all the essential details then they will tackle your questions well and give you satisfying answers devoid of making any strenuous pressures for selling them.

While beginning your search to come across the most affordable insurance coverage, it is very important to be patient. The shoppers will come across several insurance policies some might be lucrative while others not.

Carry out an extensive research and acquaint yourself about the requirements of your state for insurance. Figure out how much you can shell out from your pocket on the car insurance along with figuring out how much is actually required on your automobile. Make sure that you are not pushed into buying an insurance coverage due to the sugar coated words of the insurance agent. By keeping a check over all these things and your patience you will surely success in finding affordable auto insurance.

By: Jessica Cronin

Life Insurance, Auto Insurance, and More in Alaska

admin — Sat, 26 Jun 2010 02:57:58 +0000

I have divided this article into four different sections, each detailing its heading. I hope this makes it easier for you to get the information you require.

Auto Insurance in Alaska

The state of Alaska requires that every single motor vehicle registered there needs to have at least liability auto insurance. Under this State law; all owners of motor vehicles and/or drivers of the same must have the minimum amounts of liability auto insurance, which are:

- $50,000 for death or injury to any one person per accident

- $100,000 for death per accident or total injuries

- $25,000 for property damage per accident

In the event of an auto accident that resulted in property damage, personal injury or death amounting to more than $500; all drivers involved in the accident must show their auto insurance proof. Aside from auto accidents with damage greater than $500, the driver must also present proof of auto insurance any time they are requested to do so by an officer of the law and when comes the time to renew registration. If the driver fails to show proof of auto insurance for accidents with $500 dollars or more worth of damage, the drivers license will automatically be suspended for a period of 90 days to one year. The length of the suspension depends on the drivers driving record. Also, in case of an auto accident here, the guilty drivers auto insurance shall cover the expenses that were caused because of the accident.

Home Insurance in Alaska

You probably would not know this, but compared with to other states, Alaska pays more for home insurance. The reason for this is that they are always at a risk of floods and sub-zero temperatures. Though they have experienced a high increase in home insurance coverage in the past year, there are several ways to save on home insurance. The first is to compare the different insurance companies and see what each of them have to offer. This will enable you to get the right insurance at the price that fits your budget. Second is asking around about the different types discounts. You can ask your insurance company for the discounts you qualify for. And last is that increasing the deductible can save you a decent sum of money. By increasing the deductible, you are basically telling your Alaska Home Owners Insurance Agent that you are going to do everything you can to avoid any claims.

The most common home owners insurance coverages are:

HO-1 – This is for lighting, fire, vandalism, theft and smoke.

HO-2 – This is the same as the HO-1 only with additional perils, such as building collapse, water damage and falling objects.

HO-3 – This is “all perils”. Depending on your budget, you can choose between basic and all perils. But what is ultimately important is that you have home insurance which will protect you in case of disaster.

Health Insurance in Alaska

Alaska health insurance enables most residents to be able to afford the increasing cost of health care. Those who have health care are able to escape medical debt, which occurs in two out of five locals. Considering the statistics, it is important, and certainly more cost effective, to have health insurance. Although health insurance varies; most policies pay for hospitalization, surgery, medical tests, pediatric care, doctor visits, and maternity care. Generally the exceptions are cosmetic surgery, hearing aids, dental care, eyeglasses, preventive care and experimental treatments.

Those who are denied by private insurance companies because of medical conditions, the Alaska Comprehensive Health Insurance Association will offer them health insurance. Under the program of the association, those with medical conditions can get insurance on different terms.

Life Insurance in Alaska

When it comes to life insurance, the two most common life insurances in the State of Alaska are term and permanent life insurance.

Term life insurance protects the holder for short periods of time. This is usually over a period of one to several years. This means that the insurance pays only if the person dies during the covered period. Also, since the period covered is only of short duration, the premium is significantly cheaper than permanent life insurance.

Permanent life insurance protects the holder for the rest of their life by a guaranteed death benefit. This means that the coverage is for the entire life of the person. The premium for this type of insurance is of course higher than term life insurance.

In the unstable economy today, it is important to have life insurance for the family. This will enable those who are left behind to get on with their lives without financial difficulties. You might want to consider getting life insurance especially if your family depends on your financial contribution. Compare life insurance now and you might be surprised at how affordable it is and how easily you can squeeze it in to your monthly budget.

If this article or a part of this article was beneficial to you, be sure to visit my website(s) as listed in the resource box below.

By: V Kullar

Who Else Wants Affordable Automobile Insurance Rates That Are Cheap?

admin — Mon, 14 Jun 2010 23:12:16 +0000

Getting car insurance rates that are affordable in the state of Massachusetts is not hard. With the problems get a So recent change in the laws the Commissioner of Massachusetts has allowed a new policy to open the door for more competitive rates in the auto insurance market.

This is good news for you because now you stand a good chance of actually getting a better deal on your automobile insurance. With every state you live in you have to be aware of the rules and regulations as far as the car insurance laws goes. Massachusetts is an at fault state. This pretty much means that you are required to carry insurance to cover for damages if something was to happen in an auto accident.

This means that you cannot go driving around without automobile insurance in the state of Massachusetts. And the minimum amount that should be covered for your personal injury is $8000. So you shouldn’t skimp on the importance of being fully protected if you are drastically trying to reduce your premium. One thing you should be aware of is the discounts that are available.

If you are enrolled in defensive driving there is a good chance that you are going to get a better deal on your car insurance. Another factor you should look at is if you’re a student and you are currently getting good grades. You should also think about combining your home and auto insurance to get the best rates on your Massachusetts car insurance. By simply combining these two types of insurance your auto insurance company will be more than willing to give you a great deal. I know that you do not enjoy overpaying every month on your car insurance.

By: Craig Realton

Finding the Top Auto Insurers

admin — Sat, 12 Jun 2010 07:20:39 +0000

Everyone has someone to answer to, as do insurance companies. Finding the top auto insurers is very easy to do, especially with the help of the Internet and all the online insurance websites. People who have had trouble or are dissatisfied with the services of their insurers or their broker have a place to submit their complaints which will be seen and judged by other potential clients.

These complaints are registered in special departments of each state, as insurance happens to be governed by state law. Therefore, all complaints registered against any insurance body will be listed there. This will simplify your quest to find the top auto insurers, because the top rated insurance companies will have the fewest complaints listed against them. A few complaints against the particular company may be just simply some disgruntled clients who were unhappy with the turnout of their own situation.

Others who have numerous complaints listed, especially about the same issue, should probably be avoided. The truth is, you would like to avoid working with an insurance company who is more than happy to take your premiums, but delays your repairs or payments in the event of a claim. Experiencing an accident or being the victim of vandalism can be frightening and frustrating enough, without having to deal with a less than satisfactory service from the part of your insurer.

With that said, you can find the top auto insurers by entering that key phrase in your search bar of your browser. An entire list will be populated from the search engine of your choice. However, the first in the list is not necessarily the best. Finding the best is completely up to you.

That means that you will have to delve further into your research and find all the complaints listed against this insurer. But don’t stop there. You must find all the positive points and compare the quotations regarding the premiums against other top rated insurers.

If you go further by asking friends, family and other acquaintances. If they have ever used or heard of any positive or negative traits that that particular insurer may have. You’d be surprised as to how many people have both good and bad stories regarding insurance companies, premiums, services rendered, and the like. Just as quickly as people would like to share with their sad story, others would like to share their knowledge about how well they were treated in their own situation.

By: Felix Fassbinder

SR22 Auto Insurance

admin — Sun, 06 Jun 2010 11:11:33 +0000

SR22 auto insurance is in most cases only required for those convicted of a DUI or drunk driving offense. It is considered a type of ‘high risk’ auto insurance policy.

The most common question we receive concerning SR22 auto insurance is how does one go about getting the best auto insurance rate possible when you’ve just been convicted of a DUI or a drunk driving related offense? How are you supposed to comparison shop for auto insurance when you’ve just been given the worst classified risk label possible, the label of “high risk” due to your recent DUI offense.

How to Get The Cheapest SR22 Auto Insurance

Even though you’ve just been given the worst label in auto insurance; ‘high risk’ you still have options when it comes to your SR22 auto insurance. What you need to remember is that there are many companies that specialize in these types of auto insurance policies and more specifically DUI auto insurance policies. They realize that there is a big market need for those who happen to get convicted of a drunk driving offense and they design their business around it.

So when shopping for SR22 auto insurance the way to get the cheapest policy is to get rate quotes from as many different sources as possible. The SR22 quotes are free and there is no obligation to use any insurance company by getting a quote from them. So the way to get the best SR22 auto insurance deal is to seek out quotes from as many providers and/or brokers as possible and then you can simply select the best deal!

Even if you get canceled or rejected from any of the big auto insurance carriers just know that there are still plenty of options for your SR22 auto insurance. The first thing you need to do is to visit a qualified broker who can provide you with rate quotes from insurance companies that would be willing to insure you. Then you can compare policies and see which one suits your needs.

By: Tim H

Auto Insurance Simple Basics

admin — Sat, 05 Jun 2010 19:32:38 +0000

Auto insurance helps cover expenses caused by an automobile accident. You sign a contract with the insurance company that describes what type of expenses are covered and how much money they will pay. The cost for auto insurance is a premium which you pay to the insurance company. So you pay the insurance company money to help relieve you of the expenses of an accident should you have one.

Car insurance provides multiple types of coverage. Property coverage covers the damage or theft of your automobile. Liability covers your legal costs for damage to other people or their property. Medical coverage pays for the cost of injuries and rehabilitation. These are just a few types of coverage that an auto insurance policy can cover. You can learn more by talking to a car insurance company.

Most states today require that you have some type of auto insurance before you can legally drive. If you are financing a car, the lender will also require you to have insurance so that they get the rest of the car paid off in case it is in an accident. Vehicle insurance policies last anywhere from six months to a year, and you will get notified via mail or e-mail whenever your next premium is due.

Automobile insurance policies cover all types of expenses, and the amount you payee for each premium will be determined by what coverages your policy covers. Here are the 3 basic types of coverages an automobile policy may have.

Bodily Injury Liability

This type of insurance coverage pays expenses that you cause to others in an accident. You and any family members listed on the policy are also covered if you are driving someone else’s car with their permission. You want to be sure to have plenty of liability insurance because if you cause a serious accident, you may be sued for quite a bit of money. This is one area of coverage that you do not want to skimp on when it comes to auto insurance.

Personal Injury Protection (PIP)

But get coverage pays for injuries to the driver or passenger of the ensured car. It can cover any thing from a medical payments to lost wages to funeral costs.

Property Damage Liability

This liability coverage will pay for damage that you cause to someone else’s property. This could be damage to another person’s car, house, fences, buildings, livestock, etc. Basically if you damage it in an accident, property damage liability should cover it.

These are 3 of the 6 types of auto insurance coverages you should have and make sure that you get with your policy.

By: Christopher M. Hall

Uninsured Auto Accident – Someone Hit Me and I Have No Insurance!

admin — Fri, 07 May 2010 12:48:17 +0000

An uninsured auto accident can put in a very bad spot, even if you are not the person who caused the accident! If you are in California, the “don’t pay don’t play” law is in effect. If you do not carry liability
insurance, you cannot make a claim against the person that hit you. This includes bodily injury and property damage claims! You will be left at your own devices.

If you are not in California, then let me the first one to tell you: stop driving without insurance, go and get yourself a policy, please! You are increasing everyone’s premiums. However, this does not mean that insurance companies get a free pass. You need to learn how to protect yourself. You made a huge mistake, no question. Nevertheless, you need to learn how to protect yourself so you are not treated unfairly.

Insurance companies do not like people who do not have insurance (neither do judges, juries, lawyers, medical providers, nor the public in general). The insurance carrier will try to deny your claim and blame you for the accident. They will put “fault” on you! If the accident is clear (you were rear ended), then the insurance company will be more reasonable; however, if the persons that hit you denies or implies that they did not caused the accident, but you did. Then the insurance company has a duty (not optional) to believe their own client and send you a denial letter. Insurance companies are bound to believe their clients, so if the other driver does not admit fault, it will be up to you to fight back. Since you do not have insurance, you will have to learn the claim process and negotiate as if you were your own insurance adjuster. You need to be ready to settle your uninsured auto accident.

Remember that not having insurance does not mean you caused the accident. You need to separate the two issues and document your claim showing that you had no responsibility in the accident. The first step is to get a copy of the police report. You can go to the Police Records Office and request one. Some jurisdictions will give you a copy the same day. Some others will take up to two weeks. Once you get the police report, make sure you read it thoroughly. Make sure you ask the police records office for an overlay sheet or visit:http://www.auto-insurance-claim-advice.com/overlay-sheet.html to download one from your state.

You need to be looking at what contributory circumstances were attributed to you and the other driver. If there are no codes, or statements made by the officer citing you at fault, then you can point that out to the insurance company.

Read the police report and try to identify witnesses. You can contact them and see if they will be willing to give a statement. Many witnesses will help you if you were truly not at fault. Also look at the physical damages left on both vehicles. Is it even possible that the accident happened how the insurance company claims it did?

Write a letter to the insurance company and explain your position. How did the accident happen and what is your evidence. Give them a date line. If they do not answer, then proceed to file a small claims court
lawsuit. Most of the time, insurance companies will try to settle before you go to court. If they don’t want to settle, go in front of a judge and explain why you were not at fault. If your case is clear, then the insurance company must pay the judgment.

This is a difficult way to deal with your uninsured auto accident; it would be a lot easier if you had insurance in the first place. If you believe you are being “snowed” by the insurance company, consult with an attorney.

By: Hector Quiroga, J.D.

Liability Auto Insurance

admin — Fri, 30 Apr 2010 09:33:55 +0000

Auto insurance is a contractual agreement between you and your insurance company. To acquire an insurance policy, you must pay an what is called a yearly “premium” to your insurance company. In exchange for the premium, the insurance company agrees to pay for certain types of financial losses when you are involved in an auto accident while driving your car. These financial losses include items such as property damage, medical coverage, and legal fees.

Driving without auto insurance is not only risky; it is against the law. If you are caught driving without auto insurance, you may have your license suspended, face severe fines, or – in the case of an auto accident, you can potentially go to jail if your car is not properly insured at the time of the accident. Car insurance is a necessary evil, and although we may get frustrated with having to pay for it, the fact is we need it. Auto insurance is a “cost of driving” that simply cannot be avoided.

The absolute minimum auto insurance coverage you are required to carry varies from state to state. This minimum coverage is generally referred to as “liability insurance”. This insurance covers bodily injury and property damage.

When quoting or discussing liability insurance, there are three numbers that are used to describe the policy limits. The first number refers to bodily injury limits, the second refers to total medical liability coverage, and the third number refers to property damage limits. For example, a 15/50/20 liability policy is defined as: fifteen thousand for
personal medical liability per person, fifty thousand maximum medical liability coverage, and twenty thousand maximum property damage liability.

Bodily Injury Liability covers injuries that occur to you or any other person involved in an accident when it has been determined that you are the “at fault” driver. Typically, this also covers you while you are driving another person’s car (with their permission of course) or when someone else is driving your car (with your permission).

Property Damage Liability covers the cost of damage you cause (or a person driving your car with your permission) to someone else’s property in an accident when it has been determined that you are the “at fault” driver. This refers to damage caused directly to someone else’s car and also covers damage to city property (light posts, telephone poles, fences, etc) and other structures such as houses, apartment buildings, etc.

The minimum liability limits set by your state are low. It is highly recommended that you purchase a liability limit that is much higher than the state minimum in case a third party sues you for amounts above and beyond your insurance policy’s maximum coverage. Although purchasing your state’s minimum liability insurance allows you to legally register and operate your car, it is recommended that you acquire at least five times the minimum liability limits set by your state. This helps protect your assets such as your personal savings, your home equity, your personal property, etc. Depending on your total assets, you may wish to purchase even higher liability limits. You should check with a licensed insurance agent to determine the proper liability limits for your insurance policy. He or she can help you determine limits based on your assets and lifestyle.

Liability insurance can be costly for young drivers or for drivers with a poor driving record (accidents, speeding tickets, etc.) When acquiring insurance for a teenage driver or for someone with a poor driving record, you should check with your state’s Department of Insurance. They might have programs to help drivers purchase liability insurance at a discounted rate. For example, at the time of this writing, the State of California’s Department of Insurance has a low-income, liability insurance program that can be purchased for approximately $400 per year.

By: Christian Rios

Finding Auto Insurance In Maryland

admin — Tue, 27 Apr 2010 20:15:53 +0000

Having auto insurance in Maryland is just as important as having coverage in any other state. And although most people don’t think there would be any difference between auto insurance offered in Maryland and anywhere else, there are definitely differences you to know about. On the other hand, just as there are some differences in companies that offer auto insurance in Maryland and those that do not, there are also companies that do not differ, offering pretty much the same type of coverage.

The key is to know the difference in options available in order to make an educated decision as a consumer, in regard to what kind of auto insurance to purchase when living in Maryland.

The Coverage That Doesn’t Differ from State to State

Although there will always be differences from state to state when it comes to auto insurance due to specific state laws, some companies offer auto insurance nationwide which is so similar that you’d be able to stay on the same plan when moving from one state to another. Companies such as Geico auto insurance is offered in Pennsylvania along with any other state in the Country, and will offer just about the same plan to any consumer no matter the state they live in.

This kind of coverage, just as any other product or service, has benefits and disadvantages alike. These pros and cons will differ from person to person due to preference, but one of the most common benefits of purchasing nationwide coverage is price. Because companies like Geico offer coverage to so many people, they are usually able to offer you a lower price, especially compared to local agencies.

On the flip side, a negative aspect that’s popular among consumers is the fact that big nationwide companies do not offer personalized service, therefore customer service may not be as reliable or satisfactory as a smaller company.

Coverage That Does Show a Difference

Any state one lives, including Maryland, can find an auto insurance company that’s local and specializes in personal commitment to their customers. A good way to find these companies is by using your yellow pages or relying on word of mouth from friends and family. The benefits usually outweigh the negatives with this kind of company because of their size, and many people lucky enough to find a good insurance company that’s locally run never even think about switching providers.

Although locally owned auto insurance in places like Maryland are more than likely going to have higher premiums, they tend to make up for it in customer service and satisfaction guarantees. In the end, choosing the right auto insurance comes down to preference, budget and concern.

By: Rex Freiberger