Posts Tagged ‘car insurance policies’

Alternatives to Washington Auto Insurance

Tuesday, July 6th, 2010

Under Washington’s financial responsibility laws, drivers are required to demonstrate that they can pay for any damages they cause as the result of an accident. The legislation states that a driver can put up a $60,000 bond if he or she wishes as an alternative to buying car insurance.

Car dealers or those who have more than 26 vehicles registered in their name are not required to insure each one separately. Instead, the dealer can put up a certificate of deposit or a liability bond instead of buying liability coverage. This option for self-insurance is not available to individual car owners.

For most people, buying a car insurance policy is a more economical option. The premiums that the driver pays for coverage are an investment in a way to protect his or her assets. If an accident occurred and the at-fault driver didn’t have car insurance in place, he or she would be personally responsible for any damages.

Paying the premiums for something that may never be needed may seem a bit silly sometimes. Many drivers go through their entire lifetime without being involved in any kind of accident, and it may be tempting to play the odds by letting the coverage lapse. Those people who do become involved in an accident are no doubt glad they paid their premiums and kept their coverage current.

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Posted in USA, Washington |

Nevada Car Insurance Discounts

Monday, July 5th, 2010

No one wants to pay more than they have to for their Nevada car insurance coverage, and companies do offer discounts to customers who meet certain criteria. If you are a member of a professional or trade association, for example, you may be entitled to a lower price for your auto insurance coverage. To find out whether you qualify for this type of discount, contact the group’s administration to find out if it has made arrangements with a specific insurance company for preferred pricing for its members.

One of the best things you can do to qualify for a discount on your car insurance is to take a driver education course. Even if you have had your license for some time, taking a defensive driving course can help to give you a refresher and point out where you may have developed some bad driving habits along the way.

The make and model of car you drive can have a bearing on how much you get charged for your car insurance as well. Some vehicles, because they cost more to repair or are more likely to be targeted by thieves, are more expensive to insure. If you are thinking about buying a new car, check with your insurance company to find out whether the one you had in mind will cost you more money to cover.

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Posted in Nevada, USA |

How Much Nevada Auto Insurance Do You Need?

Saturday, July 3rd, 2010

While Nevada does have a minimum level of auto insurance coverage that drivers must have in place, buying only the minimum may not be the best choice for all drivers. The state’s minimums are set at a relatively low 15/30/10, which means $15,000 in bodily injury liability coverage for one accident victim, $30,000 for all victims of a single accident and $10,000 in property damage liability coverage.

Rather than asking how much insurance you need, a better question is to consider the value of everything you want to protect. If you are the at-fault driver in an accident, your insurance coverage will pay out up to your policy limit. Say the other person injured in the accident had $20,000 in damages and you only bought the legal minimum of $15,000 in bodily injury coverage. You would be personally responsible for the additional $5,000.

Instead of exposing yourself to the risk of having to pay for damages in a serious accident, you are far better off buying a car insurance policy with a higher limit. If you are concerned about the cost of increasing your coverage, ask your insurance company for quotes at different levels so that you can find one that is affordable. You also have the option of shopping around to see if you can get a better price from a different insurance company.

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Posted in Nevada, USA |

Driving Without Car Insurance in Arizona

Wednesday, June 30th, 2010

Drivers in AZ must have insurance in place or face consequences. A police officer will likely ask to see proof of insurance as a matter of course during a traffic stop. You will definitely be asked to produce your insurance card if you have been involved in an accident.

If your policy lapses for any reason, your car insurance company will notify the Department of Motor Vehicles (DMV). They are regularly in touch with this agency to share information about policy cancellations and non-renewals. If you change insurance companies or are a new driver who obtains a new policy, this information is also shared with the DMV.

When an insurance company notifies the DMV that a driver does not have insurance coverage in place, a notice asking him or her to verify the status of their insurance is mailed out. Failure to have insurance coverage in place may mean suspension of the driver’s license and car registration.

If your driver’s license and car registration are suspended because of lack of insurance, you will need to get an SR22 form from your insurance company. This is a contract stating that you will have insurance in place continuously during its term. In most cases, an SR22 must be in place for three years. Not all insurance companies are willing to issue an SR22, and you will be paying more for your coverage if you are required to obtain one.

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Posted in Arizona, USA |

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