Auto Policy Add-ons to Personalize your Policy

Could you just imagine the pit in the bottom of your stomach when you call your insurance company to file a claim, only to find out that it’s not covered for one reason or another? Just the thought of driving around for all of that time without the protection that you thought (or swore) that you had?

Know Your Rights - State laws and Your Auto Insurance Policy

Whether you are one of those lucky enough to own your vehicle outright, or, like the majority of us, have a loan through a financial institution, one thing remains the same; each individual state has laws governing the types of coverage you carry on your vehicle, as well as the minimum requirements contained on your insurance policy. No two states are exactly the same, but each state falls under one of two categories: Tort or No-Fault.

Get the Lowest Possible Rates on Auto Insurance

So much more than getting a speeding ticket or two affects our auto insurance policies and the premiums we pay on their behalf. Unfortunately, we usually find out after accepting the coverage (if we find out at all) that there were a few things we could have done (or not done) that would have had a direct effect on the rates charged. So, in an effort to make your life a bit easier, we have compiled a simple list of ideas to get you the lowest possible rates on your auto insurance coverage:

How Your Credit History Affects Your Insurance Payments

Did you know that having a blemish or two on your credit history has more of an effect on your finances than merely higher interest rates on loans? Auto Insurance, life insurance, homeowner’s insurance, and just about every other type of coverage out there, has a premium or rate that is a direct reflection of your credit score. This is because you are considered a higher risk by the big insurance companies. It doesn’t mean that you’re more likely to set your house on fire or get into an auto accident, but there is simply a certain gamble involved in insuring you.

Why Higher Deductibles are Usually a Good Idea

It’s no secret that purchasing a vehicle of one type or another is not, by any means, an investment. The second you drive your new car off the lot, the value of it can drop harder than a rock. There are very few of us that have the ability to take an older vehicle, fix it up, and sell it for a profit, as the parts alone for such a task (never mind the labor involved) can be difficult to recoup. Basically, this means that you can’t expect to make all of your invested time and money back on your car.