All Articles Tagged "auto insurance"
Luggage we check, packages we mail, new phones—just about everything comes with insurance so, you may be a little uncomfortable with this concept: sometimes, you don’t need it.
(Bankrate) — You have dozens of options when it comes to car insurance, and only you know what’s best for you. Consider these points before shopping for an auto policy for you and your family. Is your car big or small? Lightweight cars tend to cost more to insure because they’re more likely to be involved in an accident. This is partly because they’re commonly used as commuter cars and are driven more often. However, maintenance on vans, trucks and SUVs may cost more. When you are researching car insurance quotes, compare the cost to maintain such a vehicle against the cost to insure your small car.
(Rolling Out) — The more things change in America, the more they seem to stay the same. This means that if you are an African American, you pay more for goods in the stores in your community, have higher interest rates for your homes, and now, pay more for insurances just because of the color of your skin. A study just released on the automobile insurance industry has revealed what many have suspected for a long time: African Americans are charged higher insurance rates and premiums than whites. By examining annual car insurance rates for a sample of men in New York City, the authors of the study observed that African American males, on average, pay more than $800 more than whites or Asians for their car insurance.
(New York Times) — Steep prices at the gasoline pump aren’t the only thing drivers need to worry about this summer travel season. Speeding tickets and other moving violations can increase your automobile insurance rates by double digits, a recent analysis shows. So you might want to slow down or even stop when the traffic light turns yellow, instead of accelerating and trying to get through before it turns red. (Apologies to those of you who are already among the 15 percent of drivers who know what a yellow light means.)
(Wall Street Journal) — Four out of every 10 people who submit medical claims to auto insurers after car crashes in the New York City area visit an acupuncturist for treatment, according to a new study. Upstate, only three out of 50 such claimants submit bills for acupuncture. Downstate claimants are also more likely to file claims for chiropractor visits (nearly five out of 10, versus two in 10 upstate). And in the New York City area, 44% eventually visit four or more health-care providers, compared with 14% upstate. The study by the Insurance Research Council, a nonprofit organization funded by insurance companies, illustrates one of the primary reasons why car insurance is more expensive in New York than in most other states — and why it costs more in the city than it does upstate. The study will be formally released this week.
(TheLoop21) — Good question and one that more people should ask, especially if they want solid insurance at good prices, and that combination is most certainly out there. For Californians, the Department of Insurance website has a lot of useful information about shopping for auto insurance. Selecting the right independent agent is as important as selecting any other professional you do business with. The individual should find an agent who they feel comfortable with and that can fully explain the coverage to you in way you can easily understand.
(Forbes) — Have you recently retired? Have your kids moved out of the house or gone off to college? Are you renovating your home? Have you taken a position on a local charity board? Did you give your heirloom jewelry away to your grown daughters? Such life events mean it’s time for you to reassess and possibly update your liability and property insurance–your auto, home or umbrella policies. You may find you need to pay for additional coverage, or you may find you can save money now. For example, if you’ve just retired and are no longer commuting to work, that could mean savings on your auto and even your homeowner’s policy. (With someone home all day, your house is safer.)
(US News and World Report) — If you have been involved in a traffic accident or received several traffic tickets for speeding or reckless behavior, you are probably aware that the cost of your auto insurance can increase dramatically when you have problems in your driving history. Unfortunately, car insurance is legally required by all states but New Hampshire, so you probably have to keep your car insured no matter what your driving record is. Not every traffic ticket causes your insurance rates to go up. Parking tickets, for example, usually have no impact on your insurance coverage at all. Things that put you in an auto insurance company’s high-risk category include recent or multiple car accidents, driving while intoxicated, or tickets for reckless driving. The insurance company will consider all of the aspects of your accident or traffic ticket when they adjust your premium rates. When you are issued a speeding ticket, the speed recorded on the ticket will make a difference with your insurance company.