Liability-only car insurance provides coverage for injury and damage you may cause, while full coverage adds coverage for damage to your vehicle. Each state has different requirements for the types and amounts of coverage that a driver is required to have in order to legally drive in that stat...
An insurance company may consider the car to be totaled even if it can be fixed. Generally speaking, the company decides tototal a carif the cost to repair it exceeds a certain percentage of its value, anywhere from 51% to 80%, according to Insure.com. Some states mandate or provide gu...
Liability insurance is the type of coverage that pays for other drivers’ vehicle damage and medical care. For instance, if you rear-end another car, your liability coverage is what would pay for their vehicle repairs and any medical treatment. Does liability insurance cover your car if you hi...
Like collision coverage, comprehensive coverage comes with a deductible. If you lease your car or borrow money to pay for it, you probably will need to add both collision and comprehensive to your car insurance policy. "If you leased or financed your car, your lender will likely require you ...
In short: Your specific protection, and what you’ll be able to file a claim for, will depend on how you tailor your policy when you get a quote. What should I do before filing a car insurance claim? In the immediate aftermath of your car being damaged or stolen, you might be a bi...
An auto insurance claim is any request for payment in accordance with your insurance policy. For example, if you get into a car accident and need to ask your insurance company for money to pay for repairs, this is called “making a claim.” If you are lucky enough to have a good, eas...
An auto loan payment is just one piece of the cost of owning a new or used vehicle — there's also fuel, maintenance, insurance, and parking. Your monthly payment needs to fit into your budget, while at the same time paying down the balance as quickly as possible. “Do your homework ...
Gap insurance, or guaranteed asset protection, is an optional coverage that pays the difference between what your vehicle is worth and how much you owe on your car at the time it’s stolen or totaled. This coverage supplements acomprehensive or collision car insurancepayout, which can only be...
The claim amounts resulting from any accidents can also influence premiums.Someone who’s had a couple of minor fender benders is a much lower risk than someone who has totaled three cars. This is why it pays to have the right insurance. Companies likeAllstateoffer accident forgiveness coverage...
Get a rental car Find out if your insurance coverage pays for arental car. You may need one while your vehicle is being repaired, so see if your insurance company’s policies will help you avoid bearing the cost yourself. They may have a preferred rental car company that you will have ...