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Car Insurance: A Few Frequently Asked Questions

Why does my insurance go up if I have an accident or get a ticket?

Insurance companies charge higher rates to drivers with tickets and accidents because they are statistically higher risks. Claims statistics and studies by law enforcement agencies show that the chances of having an accident increases depending on how many tickets and accidents a driver has already had.

If I lend my car to a friend, is he or she covered under my insurance?

Most policies will cover drivers who have permission to use your auto. But check your policy, or ask your agent, to see if the conditions of your policy will change for drivers who are not regular operators of the car.

I have an older car whose value is very low - do I need insurance?

You should always have bodily injury and property damage. In most states you're legally required to carry a minimum amount.

Will my insurance cover my leased car if it is stolen or totaled in an accident?

Your insurance company should handle your claims the same way whether you own, lease or finance your car. But, make sure to check on your company's rules about leased cars.

What does my auto insurance policy cover when I rent a car?

It depends on your policy. The best thing is to review your policy or ask your insurance agent. For example, your policy may cover cars rented for pleasure, like vacations or special events, but not for business.

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Car Insurance Articles

Ontario auto insurance changes hit pedestrians, cyclists

Spacing Wire - Wed, 10 Mar 2010 14:39:41 GMT
Anyone who doesn’t own a car, and the insurance that goes with it, is going to have fewer resources to deal with injuries if they are hit by a car, as a result of changes to auto insurance just introduced by the Province of Ontario. In an effort to reduce auto insurance costs, the Province has [...]

An Occasional Review of Auto Insurance Policies May Lower Premiums

PR Newswire via Yahoo! Finance - Wed, 10 Mar 2010 13:00:00 GMT
The average motorist has the tendency of purchasing an auto insurance policy and continues paying premiums without reviewing whether the current coverage listed is still beneficial or if the rate being paid for protection is still competitive; OnlineAutoInsurance.com advises consumers to revisit their policies to ensure that they are not overpaying for coverage or maintaining unnecessary ...

Surprising Ways to Save Money With Insurance

ABC News - Wed, 10 Mar 2010 12:20:03 GMT
Your homeowner's and auto insurance coverage could help you save on legal fees, pet injuries and more. Insurance - Vehicle insurance - Business - Financial services - Agents and Marketers

Don't overpay for auto insurance if you've had tickets

WAFB Baton Rouge - Mon, 08 Mar 2010 01:15:42 GMT
Traffic tickets don't have to be a financial death sentence when it comes to shopping for auto insurance.

Two Lawyers Named to Minnesota Auto Insurance Plan Governing Committee

Insurance Journal - Tue, 09 Mar 2010 17:06:39 GMT
Minnesota Commerce Commissioner Glenn Wilson has appointed two public members to the governing committee of the Minnesota Automobile Insurance Plan (MAIP). Thomas J. Evenson is an associate with ...

Would you buy insurance from her? Apparently

The Philadelphia Inquirer - Tue, 09 Mar 2010 14:48:00 GMT
You've probably never heard of improv comedienne Stephanie Courtney, but chances are you've seen her on TV as the unbelievably upbeat insurance saleswoman Flo in Progressive Auto Insurance commercials.

State Farm Insurance Gives $2,500 To County for Safe Driving Signs

Ashley County Ledger - Wed, 10 Mar 2010 19:35:29 GMT
Crossett State Farm Insurance representative Mary Reed, shown left, presents a $2,500 grant to Darlene Maxwell Thursday afternoon, March 4. The grant is sponsored by State Farm Insurance to increase road safety.

BPI Family Bank sees robust auto loan growth in 2010

BusinessWorld Online - Wed, 10 Mar 2010 09:42:16 GMT
BPI FAMILY Savings Bank, the thrift lending arm of listed Bank of the Philippine Islands (BPI), expects its auto loans to grow by double digits this year as consumer confidence recovers along with the economy.

State Auto Financial declares 15 cent dividend

AP via Yahoo! Finance - Mon, 08 Mar 2010 12:18:57 GMT
State Auto Financial Corp. said its board declared a quarterly dividend of 15 cents. The property and casualty insurance holding company said the dividend is payable March 31 to shareholders of record March 15.

Sprint and Walsh Wireless Launch M2M Device to Drive Usage-Based Insurance for Vehicles

Business Wire via Yahoo! Finance - Wed, 10 Mar 2010 14:00:00 GMT
OVERLAND PARK, Kan.----Increasingly automobile insurance companies are adapting the way they charge customers, basing rates more on individual vehicle use and driving behavior. This is known as Usage-based Insurance .