 |
How does the whole car I am a 19 year old boy. My
parents are buying me my first
car. It is a nice pre-owned
car. How does the insurance
for the car generally work? Is
it required? I will be in
college next year. Can they
take care of my car insurance?
How does it work? I heard that
they can put my car under
their insurance. Is this true?
Please explain.
|
|
 |
|
|
 |
If you park your car on your parent's property, and never drive it anywhere, you might not need to have any insurance. But if you are going to take that car out on the public highways, you need all sorts of different types of insurance to pay for medical expenses if anyone hurt in an accident, pay for repairs if any damage from accident, get another car if it is stolen, protect your assets (house, car bank accounts) from beign drained by law suits, and also keep you out of jail. While you are living under your parent's roof, they can add you to their insurance policy ... this will be expensive, but not as expensive as a policy in your own name. Once you go to college, and live wherever the college is, no longer under your parent's roof, then you do need to have policy in your own name. |
|
|
|
|
|
What is the least amount of I live in Wisconsin and havent
had insurance in about four
years. I am getting married in
six months and my fiance's
insurance agent said that I
should get insurance now, six
months before the wedding, so
that once we get married and I
get added onto his insurance,
I won't raise his insurance
since I am considered high
risk since I havent had
insurance the last six months
or more. So, if I get
insurance on my won for six
months, it will be high risk
for those six months, but then
six montsh from now, I won't
be high risk, which will be
good becasue six months from
now is when i would get
married and added onto his
insurance.
Now, I am going to get
insurance on a car that
doesn't have a loan on it, and
I am wondering how much
insurance I need? What is the
least amount of insurance I
could get on my car, so that
in six months I won't be high
risk anymore?
P.S. I live in Wisconsin,
where it isn't illegal if you
don't have insurance on your
car.
|
|
|
|
|
|
You should qualify for liablity insurance instead of full coverage. The actaul amount of insurance depends on what your car is worth right now, how old it is, your past driving record and your "hi risk" lable will definately have an effect. You'll have to get quoted at a few different places to be sure what company has the lowest rate for you. |
|
|
|
|
|
How does rental car insurance I have credit cards which say
they cover me for rental car
insurance when I use the card
to make the full payment for
the rental. How does that
work? Are there any catches?
Does it make sense for me to
get the additional insurance
from the rental agency (like
Avis)? If I am in an accident,
will the Credit Card insurance
cover everything or will it
also be charged to my regular
car insurance company?
|
|
|
|
|
|
Every card is different, and the card companies can change their insurance carriers without notice. Most of them give collision damage waiver only. If you have an accident, they will cover repairs over and above the rental company insurance, but they do not cover the cost of a replacement rental for you to drive. Very few of them cover liability. The most complete coverage may be offered by your insurance company, for a lower fee than the waivers offered by the rental companies. In Manitoba, for instance, we sell (to Manitobans) a rental car policy that gives $50 deductible for damage, loss of use coverage, and 5 million dollars liability coverage, and this package can be bought to cover a rented car anywhere in Canada or the US. So, before you rely on your credit card, read the wordings booklet, then talk to you auto insurance agent. |
|
|
|
|
|
Where do car insurance I hit a guys bumper while
driving a company car a couple
of years ago and I thought he
filed a claim but the company
took care of it and I never
heard about it again. I'm
getting car insurance and I
pulled my driving record from
the DMV and all I have is a
seatbelt violation but no
accidents. Is there another
database somewhere that
insurance companies will check
or is it just your DMV record?
Maybe this all got settled
without insurance intervention
and I dont' want to pay higher
fees if its not necessary. Am
I in the clear?
|
|
|
|
|
|
Was a citation issued at the time of the accident? If not, it won't show up in the MVD. The insurance industry also has something similar to a credit report, called the CLUE report that lists past property and casualty claims made by you. That is used as well in determining your insurability. |
|
|
|
|
|
How do you get proof of car I had my brother listed as a
driver on my insurance policy
and he is moving so will no
longer be using my car. The
insurance company is requiring
that I show proof of insurance
before removing him from the
policy. They are telling me
there is no other way to
remove him from the policy due
to a DUI charge. Is it even
possible to get car insurance
without a car? What should I
do?
I have been in contact again
with the insurance company and
here is what they wrote back
"The only proof we can accept
to remove youthful driver's is
Proof of
Other Insurance." What is the
age limit on a youthful
driver? My brohter is 24.
|
|
|
|
|
|
If you have an insurance company that is refusing to allow you to remove an authorized driver from your policy unless you PROVE the authorized driver has insurance elsewhere, it's time to get a new policy in place at another company and then drop your current insurance. That is ridiculous. If you want to stay with that company for some reason (although I couldn't think of any) you might call your agent and ask why you need to do that, and tell him you will switch if you can't, and see what happens. |
|
|
|
|
