Most customers are unfamiliar with the methodology used by insurance companies to value cars, complicating the issue. The valuation methods of car insurers are esoteric, relying on abstract data, the specifics of which they are careful not to reveal. That makes it difficult for a consumer to ch...
Insurers use credit-based insurance scores to help price premiums, except in states where the use of credit to calculate rates is limited or banned. In most states, those with excellent credit usually receive cheaper auto insurance. On average, drivers with poor credit pay 76 percent more for ...
Afterward, Mahboubian planned to file a claim and collect $18 million from his insurers [source:Johnson]. But, like Mahboubian's failed attempts to sell the forged artworks in the first place, the planned robbery was a bust. After receiving a tip, police staked out the warehouse and ...
Most insurers will send you a renewal notice just before your 12-month insurance period ends. But if you don’t take action before the policy expires, your insurer may automatically renew your cover. If you think this has happened, contact your insurer and check your bank statements to see ...
in order to own it. this could be more than a third of its cash value, so you’ll need to save some money while your agreement goes on if you do plan to own the car at the end. otherwise, the dealer financing the vehicle should let you refinance it so that you can pay off the...
When you are new to a state and have previously been insured in another state, it is important to review the requirements and contact insurers licensed in your new state too. Beyond state requirements, you will likely discover an abundance of options to get more protection to keep you and yo...
If you’re on a budget and you are buying a used car, there are plenty of little things you can do tosave money on your insurance. The first thing to do is getquotes from multiple insurersand let anyinsurance agentsyou talk to know that you are shopping around. Although this may seem...
Gap Insurance: Gap insurance is optional in every state, although some insurers require it when leasing or financing a vehicle. It covers the ‘gap’ between the price you paid for the vehicle and what the vehicle is currently worth. Read more: What is gap insurance and do I need it when...
These activities can be safely monitored and perfected in controlled settings so that, one day, they could help us drive when we experience difficulties making our own driving decisions. State and federal lawmakers are keeping their eye on the market as well. Car insurers have weighed on in so...
Do Expensive Cars Cost More to Insure? Generally, what determines the cost of insurance is your age, driving history, credit history, and where you live; not so much the car. Older cars, however, cost less to insure because parts and the overall value of the car are not as high as ne...