Most states have minimum requirements forÂ liability coverage. Often set at $25,000 per person and $50,000 per accident, this type of insurance covers you when you are at-fault in an accident and cause damage to the driver and their property. If the other driver is at fault, theirÂ liability insuranceÂ will cover you. Tit-for-tat, all is well. But […]
Underinsured Motorist Coverage: How Much and Do You Need it? is a post from Pocket Your Dollars.
Full coverageÂ car insuranceÂ covers you for most eventualities, but it is also expensive. You get what you pay for, and in this case, what you pay for isÂ liability coverage,Â collision coverage, andÂ comprehensive coverage. The question is, how essential are all of these coverage options and at what point do they become surplus to requirements? YourÂ insurance coverageÂ is never […]
When Should you Drop Full Coverage on your Car? is a post from Pocket Your Dollars.
Insurance companies determine risk when calculating rates and offering coverage. If the company determines that your accident risk is higher than average, you’ll have to purchase high-risk auto insurance. Since companies base rates on risk, you can expect to pay more for coverage if you need high-risk insurance.Â Find out why you might need high-risk […]
What Is High-risk Auto Insurance?Â Â is a post from Pocket Your Dollars.
Car manufacturers have been feeling the strain during the financial crisis. There are fewer cars on the road, workers in the factories, and consumers willing to spend, and as a result, the automobile industry has been devastated. But manufacturers and showrooms are fighting back, finding ways to encourage consumers to buy and to make life […]
2020 Financial Crisis Auto Loan Relief is a post from Pocket Your Dollars.
For many people, car insurance is a major expense category in the household budget. And because it’s against the law to drive without car insurance, it’s not a budget item that can be eliminated unless you’re willing to go car-free. … Continue reading →
The post How to Get Cheap Car Insurance appeared first on SmartAsset Blog.
Shelter Insurance is a mutual insurance company that was founded in 1946 and operates out of Columbia, Missouri. This highly-rated, award-winning insurance company offers a wealth of insurance products across the states of Colorado, Iowa, Arkansas, Kansas, Kentucky, Indiana, Illinois, Mississippi, Missouri, Nebraska, Ohio, Nevada, Oklahoma, Tennessee, and Louisiana. In this Shelter Insurance review, we’ll […]
Shelter Insurance Review: Car, Home, and More is a post from Pocket Your Dollars.
COVID-19 is having a massive impact on the global economy and very few industries have been untouched by it. If your business relies on employees working in a physical space and profits only when people are willing to shop and spend, thereâs no escaping it.Â Itâs no surprise, therefore, that the auto industry has been […]
How COVID-19 is Affecting Auto Loans is a post from Pocket Your Dollars.
If you buy or lease a car, you’ll need to arrange for insurance coverage. Not only is it the law in most states, it will also protect your bank account in the event of an accident. However, if you’re involved … Continue reading →
The post What Is Uninsured Motorist Insurance? appeared first on SmartAsset Blog.
A lapse in coverage increases your risk and your rates. It may be harder to find suitable and affordableÂ car insuranceÂ and may mean that you need to make some sacrifices in order to keep thoseÂ insurance premiumsÂ at an affordable level. But it’s not a complete disaster and is far from the worst thing you can have on […]
How Gaps in Coverage Affect Auto Insurance Rates is a post from Pocket Your Dollars.
Recent data suggests that the average driver will spend close to $100,000 onÂ car insuranceÂ over their lifetime. That’s a staggering sum of money, especially when you consider estimates that suggest Americans will pay over $500,000 in that time just to own, operate, and maintain a car. $100,000 is a lot of money to spend on something […]
How To Get The Most Out Of Your Auto Insurance Coverage is a post from Pocket Your Dollars.