There are three things guaranteed in life: death, taxes, and expensive car insurance for teenage drivers. Adding a newly licensed 16-year-old (or even younger with a learner’s permit) to your car insurance policy comes with mixed emotions for most parents. One one hand, your child has the independence to now drive themselves to school, practice,…
When buying a new or used vehicle, smart shoppers take the cost of insurance into consideration when determining their monthly car payment. Car insurance prices vary considerably based on factors like your driving record, your age, and especially the type of vehicle you are adding to your policy. Pretty much everyone knows that buying a…
If you have a teenager who has recently received their learner’s permit to drive, then you may (or may not have) thought about adding them to your auto insurance policy. It can be an easy thing to overlook, and many families wonder exactly when is the right time to add teen drivers to their car…
Are insurance agents obsolete? With over $200 billion in policy premiums written in the personal lines auto insurance market in the United States, consumers are utilizing the internet more frequently to compare and buy policies. Direct writers like GEICO have made large investments in their online presence and digital channels in order to facilitate a…
Ever wonder why different vehicles get charged different rates for car insurance? Wouldn’t it be easier to just charge the same rate for every vehicle? From a consumer standpoint, that sounds like a great idea and would help eliminate some of the guesswork at how much car insurance would cost. But realistically, the result would…
High risk car insurance is a classification that groups a lot of drivers into a slightly inaccurately-titled group. We prefer the term ‘non-standard’ to ‘high risk’, as many of the drivers who fall into this category may have great driving records and not really pose any more risk than any other driver. Some examples of…
As parents, we all dread the day our teenager gets behind the wheel for the first time. We are not only worried for their safety, but also about when we get our first auto insurance bill after they are added as a rated driver. Teen drivers are statistically horrible drivers, with 1 in 5 16-year-olds…
Gap insurance, otherwise known as Guaranteed Auto Protection insurance, is protection from major insurance companies for when the actual cash value of your car auto loan balance is less than what you owe. This situation may arise when buying a new or nearly new car, financing a used car without a down payment, or purchasing…
Non-owner car insurance covers people who may occasionally drive a car, but do not own one. Normal car insurance covers drivers when they borrow someone else’s car, but if you do not own a car, you may not have enough liability insurance when driving. Non-owner coverage is secondary coverage, which means it will apply on…
Car insurance prices are on the increase in the U.S. as most policyholders are being forced to pay higher rates due to a number of factors. Some causes of expensive car insurance are completely avoidable, like getting speeding tickets or having at-fault accidents, but even good drivers are having to pay more to insure their…
Have you ever wondered how car insurance companies decide how much to charge you for coverage? From one bill to the next, the price you pay for car insurance seems to randomly fluctuate with no real explanation or reason. Let’s take a look at some of the things companies use to determine the price of…
Collision insurance pays to repair or replace your vehicle if it rolls over or impacts another vehicle or object. When combined with liability insurance and comprehensive insurance, you have what is known as “full coverage”. What Does Collision Insurance Cover? The loss scenarios below give some examples of what collision covers: Running into a highway guardrail Hitting a…
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