Auto Insurance quotes, rates, details and information
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- You don't have to add your teenager to your auto insurance policy just because they got their learners permit. If you have to file a claim for your teen after an accident, your insurance company might charge you back premiums from the date your teen was issued a license (not the learners permit).
- Personal property and special modifications to your car isn't usually covered by your auto insurance. You might be able to file a claim under your homeowners insurance, assuming you have it. Usually this will not extend to more expensive items like jewelry, guns, artwork, computers, etc.
- You may be entitled to a diminished value claim on your auto insurance in some states when your car is worth less because of it's "damaged" history. In Florida, Georgia, Hawaii, Kansas, Louisiana, Maine, Maryland, Massachusetts, North Carolina, South Dakota, Texas, Virginia, Washington, and West Virginia, it's allowable for you to file a claim for that lost value. With usually happens against an at-fault driver's insurance carrier by a third party.
- You may be entitled to payment for sales tax and registration fees for a replacement vehicle. Request them, since in almost 30 states, the tax refund (from he carrier) is the pre-accident value of your car.
- Don't lend out your car, since if someone wrecks it, you'll be liable the any deductibles and damages over the maximum auto insurance policy amount.
- Your credit history can dramatically affect your auto insurance premium. Over 90% of carriers now use your credit (aka insurance risk score) when calculating your auto insurance premiums.
- You must notify your old insurance company in writing when canceling your old policy. Make sure you are not canceled for non payment of your premium which can go on your record. Most companies automatically renew your policy and will bill you accordingly.
- How they determine your car's value after it's declared a "total loss." Some auto insurance carriers will only give you "replacement coverage." if this seems low, request the insurance company give you with a list of dealers within a specific distance who can sell you a car at the price they are claiming your car is worth.
- You may be able to "stack" your auto insurance coverage. It's possible to collect from more than one auto insurance policy in 19 (no fault) states. Ask your carrier if you can elect to stack the PIP benefits (medical expenses and lost wages).
- Find out how much making a claim could impact your rates. Some carriers increase you premiums as much as 40 percent after your first at-fault accident.
- Avoid administrative fees by paying your auto insurance on an annual or semi annually (no in installments).
- Contact your auto insurance insurance company to find out the difference in premiums is for cars you are considering. Many carriers use Insurance Services Office Inc. to determine car ratings and premiums for your model car (called an ISO Score).
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