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Auto insurance FAQ |
What is a premium?
Why does it matter to my auto insurance premium where I live?
Can my auto insurance be cancelled?
What are the benefits of buying auto insurance online?
If I lend my car to one of my friends, is my friend covered under my auto insurance policy?
Can the insurance company pay me less than Kelley Blue Book value for my totaled car?
What does my credit history have to do with my auto insurance rates?
Do red cars cost more to insure?
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What is a premium?
A premium is the amount of money the insured pays at an agreed on frequency to the insurance company to keep their policy in force.
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Why does it matter to my auto insurance premium where I live?
Auto insurance rates do vary depending on where you live. Rates in cities are usually higher than rural areas. With a higher population density, the risk is higher that an accident, theft or vandalism will occur.
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Can my auto insurance be cancelled?
An insurance company can cancel an automotive insurance policy if the insured fails to pay their premium or if the insured drivers license has been suspended or revoked during the term of the policy.
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What are the benefits of buying auto insurance online?
The main benefit is that you can quickly get multiple quotes from many companies and you will quickly see what type of options that you have. It is very convinient for you to submit the online quote forms at your pace, and not to have to deal with waiting on the phone. You also can start your auto insurance application, save it, and finish it later. You will get a free car insurance quote back immediately.
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If I lend my car to one of my friends, is my friend covered under my auto insurance policy?
The short answer is yes, your friend is covered under your auto insurance policy.
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Can the insurance company pay me less than Kelley Blue Book value for my totaled car?
Yes, there is no set price you are paid. The Kelley Blue Book value is only used as a guide and the auto insurance company will use an adjuster to determine the actual worth of your car.
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What does my credit history have to do with my auto insurance rates?
In coming up with your auto insurance premium, the insurance companies use many factors, One factor they can use is your credit history. Studies have shown that people who are responsible with their money also tend to be more responsible behind the wheel. Insurance scoring alone cannot determine your level of risk, but it does provide additional information that some companies use to determine the right premium price for your auto insurance policy.
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Do red cars cost more to insure?
Color is not a factor used to calculate your aut insurance rate. Body type, engine size and the age of your car all are included in your rate, but color has nothing to do with it.
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