A deductible is your out-of-pocket expense that you agree to pay for losses up to set amount, such as $250, 500 or $1,000. (Generally the higher deductible you choose the lower your auto insurance cost is ) If you feel you can afford a higher deductible in case of a loss then that may be a better option. Ask your agent the cost difference for each deductible option available

What is a Declarations Page?

The Declarations Page is the first page of your insurance policy that generally includes your name, address, the insured property, it’s location and description, the policy period (how long the coverage will be in force), the amount of the insurance coverage, the premiums and additional specific information provided by the insured.

General Motors, LLC (GM) is recalling certain 2018-2020 Buick Regal vehicles. In the event of a vacuum-power brake assist failure, a software error in the electronic brake control module (EBCM) may result in a loss of power brake assist. As such, these vehicles fail to conform to Federal Motor Vehicle Safety Standard No. 135, “Light vehicle brake systems.” A total of 23,734 units are affected.

Volkswagen Group of America, Inc. (Audi) is recalling certain 1998 Audi A8 and 1997-1998 Audi A4 vehicles equipped with Non-Azide Driver airbag Inflators (NADI) that do not contain phase-stabilized ammonium nitrate (PSAN) propellant. Due to a manufacturing issue, the NADI inflator may absorb moisture, causing the inflator to explode or the airbag cushion to underinflate. A total of 28,624 units are affected.

Should You Buy Now or Wait to Save on a Car?

As new-car prices hit record highs the inventory remains tight, some people will benefit from buying a new car sooner rather than later, specifically those with a vehicle to trade in. That’s because a generous trade-in value can help offset higher new-car prices. At the same time, auto loan rates are poised to climb in the near future along with monthly car payments.

Online Vehicle Insurance – What is Comprehensive Coverage?

Comprehensive Coverage is optional coverage for when your car is stolen or damaged in ways that does not involve a collision. Examples could include: hail damage, glass breakage, fire, vandalism, damage from an animal, flood, earthquakes, falling objects and theft.

One optional coverage/benefit would be collision coverage for when your car is damaged as a result of colliding with another object, or a rollover. It also can come into play if you hit a pothole that severely damages your car.
Collision coverage insurance applies only to your car. It does not cover whatever the car collided with (that’s what your property damage liability is for)

With the exception of Florida, every state requires bodily injury liability insurance. Though limits that are required may vary depending on the state,

All 50 states plus Washington, D.C., require property damage liability where as roughly half of the states require a type of uninsured/under-insured motorist insurance

Auto liability insurance helps financially protect you if you are found at fault in an auto accident. It can help cover an injured person’s medical bills or repairs to someone’s vehicle. If you are driving uninsured you put yourself at risk to being sued for damages you may not be able to afford. In addition drivers are legally required to carry liability insurance in most states.

Automobile Liability Insurance is Protection in case others hold you legally responsible for bodily injury and/or damage to property losses incurred as the result of a motor vehicle accident. It is coverage in case you cause an accident where there is either physical or property damage to other people. This is a general term that covers bodily injury (BI) liability and property damage (PD) liability.

When buying Liability Coverage for your Vehicle you will have a set of three number such as $25/50/15 (though coverage amounts will vary depending on the limits that best fit your needs).

What do these number mean when buying liability coverage. They represent (in the $ thousands) your liability limits for per-person bodily injury/bodily injury for all persons injured in any one accident/and property damage liability. Most states require a mandatory minimum amount and insurance companies offer the option to purchase more.

It is extremely important to shop around and compare the rates of as many insurers as possible in order to get the cheapest auto insurance, but one must realize the method in which a person chooses to do so can be the difference in the time it takes to find the right price. Visiting offices or even calling a handful of companies can take hours or even days to locate the best deals and it is for this reason that individual have flocked to the Internet to find the company that can fit their budget. Over the years, the popularity of shopping for coverage has grown in rapid numbers.

The main reason that the World Wide Web has become so popular is the convenience as well as the ability to save time. The Missouri Department of Insurance recommends that motorists get at least three quotes and states on it’s website that individuals can probably get 20 quotes online in the same time it would take to call three agents. This is a very true statement, especially with the use of a comparison website. Rather than visiting the websites of individual insurers and answering the same questions over and over again, a consumer can visit a comparison website which contain a brief questionnaire and once submitted will provide quotes from numerous carriers and in some cases well over twenty. So the next time a person is looking to find the best rate on coverage, they may want to give the Web a chance and not only save time, but money as well.

As a motorist begins the quest of finding cheap car insurance companies they must understand one thing, each company is different and unfortunately there is no such thing as a carrier that can fit the needs or the budget of every driver out there; if this were true, there would only be one insurer in business and no competition in the marketplace. Every insurer has different rates and once a consumer begins shopping around this will quickly be realized. Some insurers target high risk drivers while others prefer to cover a motorist who has a lower chance of filing a claim. Although it may not make much sense to insure individuals who are likely to be involved in a loss, certain companies find these customers profitable and are able to offer coverage at a price that is reasonable. On the other hand, providers who target low risk clientele will charge very high rates to risky drivers, therefore, comparison shopping is vital in locating the best premiums.

Fortunately for consumers, there are many resource available to assist in locating the cheapest insurer that can offer the lowest premium and although there is no such thing as the best method of shopping around for cheaper coverage, there are faster ways, but preference is key. Many individuals choose the more traditional method of contacting agents directly in hopes of locating a carrier which can offer low cost protection, but this may be a bit time consuming. Others have seen the ease and convenience that the Internet has brought and many have chose this route as a preferred method of locating an affordable provider. Nonetheless, getting covered at the right price means shopping around.

Particular states only require motorists to purchase liability policies which only cover the losses caused by the policyholder to another party and at very low limits. For example, according to the California Department of Insurance, motorists are only required to carry a liability policy with minimum limits of $15,000 for bodily injury to one person, $30,000 for bodily injury per accident and $5,000 for property damage. Anybody who knows what a weekend in a hospital costs is well aware that $15,000 will probably not cover the costs; purchasing higher limits can protect policyholders from being held liable and/or sued for any amount that exceeds the policy limits.

States such as Florida require motorists to maintain Personal Injury Protection (PIP) in the amount of $10,000 which covers the injuries of the insured regardless of who is at fault for causing the traffic accident; just as mentioned, this amount can easily be exhausted which can lead to the policyholder left with big medical bills that may only be recovered through litigation. Higher limits can be purchased and may be worthwhile following a serious injury. This type of coverage is voluntary in many states and could be beneficial, especially to those who do not have a healthcare plan.

Uninsured and Underinsured Motorist coverage is not made mandatory in many states and some states will require insurance providers to offer this protection, but give consumers the right to waive it. Unfortunately, many motorists do choose to waive it in order to save a few dollars on their premiums, but this is a valuable option on a policy. If a motorist is struck by a driver who is uninsured, does not have coverage or if victim of a hit and run then this protection will kick in and compensate the policyholder which can give good peace of mind following an accident. Although paying as little as possible is tempting when purchasing a policy, choosing less protection can end up being far more costly.