:::

Old Car Insurance Information

:::
 




:::

Old Car Insurance Articles

:::

Auto Insurance 101

By Chris Tolamalu

Auto insurance, as the term suggests, is insurance that you can purchase for your vehicle (cars, trucks, SUVs, motorcycles, etc.). It provides protection against losses incurred as a result of vehicle accidents. While the product seems simple, there are many different types of auto insurance policies available for purchase. Depending on the policy that you choose, your coverage levels and types will vary. Broadly speaking, these are the types of auto insurance programs on the market today:

Coverage:

� �Comprehensive coverage� (Comp) � This kind of insurance insures your vehicle against the cost of purchasing a new vehicle if it is stolen or destroyed in a fire.

� �Collision coverage� (Coll) � This kind of insurance insures your vehicle against the cost of repairing the vehicle following an accident or the cost of purchasing a new vehicle if it is damaged in an accident beyond economic repair.

Protection:

� Personal Injury Protection (PIP) - This insures against the cost of medical expenses and lost wages related to the use, ownership or maintenance of a motor vehicle. This insurance is mandatory in some U.S. states.

� Medical Payments (MP) - insures against the cost of medical expenses for bodily injury sustained in an accident beyond any expenses that may be covered by PIP.

� Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party.

While �Liability insurance� covers only legal liability, �comprehensive insurance� covers PIP, MP, as well as legal liability. In the United States, liability insurance covers claims against the policyholder and any other operator of the insured�s vehicle. If, however, any other operators live at the same address, they must specifically be covered on the policy. For rented vehicles, most rental car companies offer insurance to cover damage to the rental vehicle.

While comprehensive insurance covers most aspects of damage which can affect the car itself or the driver, there is one risk associated with buying a new car is not covered even by comprehensive insurance � once the car is bought, there is a sharp decline in its value. During this period (immediately after a car is bought), in which the remaining car payments exceed the value of the vehicle and thus the compensation the insurer will pay for a �totaled� (destroyed, or written-off) vehicle, customers may consider purchasing �GAP insurance�. GAP insurance was established in the early 1980's to provide protection to consumers based on buying and market trends.

Free Quote Old Car Insurance - Turn 21 today!


:::

Old Car Insurance Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Old Car Insurance News

:::


Five ways to keep your beater car on the road forever
I am driving around town in a 15-year-old beater these days. The ride is...pleasant. The premium sound system still offers that healthy escape from the rigors of the road, and the leather seats are in better shape than the den sofa I bought brand new five years ago. I could take this car across the country tomorrow without a care or a concern. It does everything I ask of it. This blue Buick ...

When to Drop Collision? Insurance.com Data Reveals When Drivers Decide to Risk it All
Insurance.com analysis details the percentage of vehicles, from new to 20 years old, whose owners forgo collision coverage to save money. (PRWeb September 09, 2014) Read the full story at http://www.prweb.com/releases/2014/09/prweb12149509.htm

When to Drop Collision -- and Risk it All
Wondering whether to keep collision coverage as part of your auto insurance? Do the math. And ask yourself: Can I write off this car?

Metromile Pitches Pay-as-You-Drive Auto Insurance
Greg Muender, a 27-year-old tech entrepreneur in San Diego, was constantly shopping for the best deal on car insurance. ?I probably switched carriers five times or more? over five years, he says. ?Insurance was a commodity to me.?

Car thief spotted at wheel of stolen vehicle by police
A THIEF drove off in a car after taking its keys when he broke into another vehicle parked nearby.

5 Insurance Policies Everyone Should Have
Insurance policies come in a wide variety of shapes and sizes. Shop carefully and the right policies will go a long way towards helping you protect your assets.

Business partners blazed a trail for car insurance companies
The working partnership between Brian Blake and Ken Scowcroft led to the creation of the world?s first ever insurance franchise

Police spotted car thief as he drove at speed through city
A THIEF drove off in a car after taking its keys when he broke into another vehicle.

Want Cheap Car Insurance? These 5 States Have the Lowest Rates
Want Cheap Car Insurance? These 5 States Have the Lowest Rates

The Most Common Insurance Myths, Debunked
NEW YORK ( MainStreet ) ? Insurance is about managing risk . Insurance companies use sophisticated algorithms to determine how risky each of us is, and they price policies accordingly. That's why smokers pay more for health insurance and bad drivers pay more for car insurance.


:::

Old Car Insurance Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com