Bankruptcy And Your Auto Insurance Premium

Declaring bankruptcy can, unfortunately, result in a significant increase in auto insurance premiums. This is because most auto insurance companies check their customers’ credit as part of the process of assessing the risk of insuring them. Even though experts have cautioned car owners against filing for bankruptcy, the ongoing recession and declining economic situation have left many cash-strapped individuals without any other option, especially if they want to avoid losing their homes and other important investments.

Auto Theft And How It Can Affect Your Premiums

Auto theft is a distressing prospect for most drivers. Unfortunately, theft is a fairly common phenomenon, and it affects insurance rates for drivers across the board. Here’s a look at how your car insurance premiums are affected by theft, and what you can do to minimize the damage to your check book.

Auto Insurance And Tailgating Parties: How To Avoid Risky Situations

Let’s face it – when you’re rooting for the home team with a hot dog on the grill and a cold one in your hand, the last thing on your mind is comprehensive auto insurance. But at the end of the day, no matter who wins the game, this oversight may make you the loser.

Auto Coverage For College Goers

When a college student moves away from the home, auto insurance coverage might be the last thing on parents' minds, but it's an important consideration that's best made sooner rather than later. On one hand, if you're paying for too much insurance for the college student, you're wasting money; on the other hand, it's never a good idea to be uninsured, especially when young drivers are involved. Here's a look at how to determine how your insurance policy should change when a college student moves away from home, and how parents can keep their children properly insured.

Alert Drivers Act To Affect Auto Insurance Rates If Passed

Members of Congress are currently looking at a new bill that would restrict text messaging while driving. The Avoiding Life-Endangering and Reckless Texting by Drivers (ALERT) Act would encourage states to make it illegal for drivers to text while driving. Distracted driving plays a part in an estimated 80 percent of all accidents. The most common way for a driver to be distracted is by using their cell phones, whether talking or texting. Distracted driving also plays a large part in many “near-miss” accidents that take place on the road. The prevalence of electronic devices for causing accidents is causing lawmakers take a second look at the legality of having access to these devices while driving. Many electronic devices are becoming hands-free, which reduces their impact on distracted driving, but texting will always involve the use of hands and therefore contribute significantly to distracted driving.

A Guide To Getting Auto Insurance Quotes Online

Buying auto insurance online is something anyone can do. The days of locating an insurance agent, driving to his or her office during working hours and waiting for a quote are long gone. Now, thanks to the Internet, you can buy insurance in your pajamas, 24 hours a day. All you need to compare and purchase auto insurance is a computer, access to the Internet, some basic terms and a few minutes.

What To You Do If You Can’t Find Auto Insurance

Obtaining the required amount of auto insurance coverage is mandatory in every state. Unfortunately, there are a number of reasons a regular insurance company may deny you auto insurance. Each company has its own take on your record, history and profile. But, if your application is denied, don't lose heart. By considering your options and doing some research, you'll be able to not only find the coverage you need, but put yourself on the road to eliminating your high-risk driver title.

What Sorts Of Discounts Are Available On My Auto Insurance Policy?

Shopping for auto insurance can be a chore; but once you've found a reputable company with agreeable rates, it's time to find out what auto insurance discounts you're eligible for. Cheap auto insurance doesn't have to be a myth if you have the right money-saving tools.

What Does An Auto Industry Turnaround Mean For Auto Insurance?

With sales down and stocks up, consumers everywhere are intent on saving a buck or two, wherever it may be. This includes not only sticking with their used cars and not buying new ones – putting the auto industry in the red – but also doing what they can to drop their auto insurance policy to an all-time low price – causing even well-known insurance agencies to flounder. What then would the effect be on the auto insurance industry if the auto industry turned around?

The Minimum Amount Of Auto Insurance Coverage You Are Allowed To Have

Auto insurance can cost a lot of money, so there are many people trying to lower their auto insurance coverage in hopes of trying to save money. The cost for insurance will depend on different things, like how much coverage you want. The question is, how much coverage is actually necessary. Understanding your state's minimum liability coverage and whether that will be enough to cover you in case of an accident is important to determine what you will want to seek when looking for your insurance policy.