Rental Car Insurance Coverage
Filed under: Uncategorized
Reader’s Question:
Is it worth purchasing a rental car insurance coverage?
Nicole
Sacramento, CA
Ask your current car insurance company first. Purchasing rental car insurance coverage won’t be necessary if your current car policy covers rental cars. However, if your own insurance policy covers rental cars, it’s a good idea to check if you have a collision and liability coverage. To refresh your memory, collision coverage means your car insurance company will pay for any damage done to the vehicle you’re driving and if you have done damage to someone else’s vehicle, you’re liability coverage will have it covered.
So, if your current insurance policy covers rental cars, and has collision and liability coverage, the next step would be to check what your limit is when it comes to collision coverage. Here is an example scenario; lets say you rented a car that cost $20,000 and your current insurance policy only covers damage expense worth $2,000, the remaining balance will come out of your pocket, so check you’re limitations.
Now, if you think rental car insurance coverage is the way to go, you still need to ask a few questions.
Is there any exclusion on their collision coverage? There are instances that tires or windshields are excluded on their policy, so read the exclusion page thoroughly.
And one last reminder, even though you purchase a rental car insurance coverage, in an occurrence of an accident, your no claims bonus will get tainted and a price increase in your insurance cost will still occur.
Full Coverage Car Insurance West Virginia
Filed under: Uncategorized
Reader’s Question:
Should I purchase full coverage on my 15 year old vehicle in West Virginia?
Ben
Charleston, WV
Yes, you can purchase full coverage on your 15 year old car with most auto insurance providers in West Virginia. Most insurance providers will let you to buy the least state minimum auto liability requirements and the Physical Damage coverages of Comprehensive and Collision.
If you are planning to purchase these optional coverages on your 15 year old vehicle make sure it is economical to do so. You need to determine the fair market value of your vehicle and check if the cost to get full coverage insurance on your vehicle will not cost more than the actual cash value of your automobile.
You may prefer to purchase the state minimum liability coverage with the insurance company in West Virginia and then buy a classic vehicle insurance policy for the physical damage.
Comprehensive Vehicle Insurance
Reader’s Question:
Would there be any difference if I get a Comprehensive Vehicle Insurance policy, as compared to a regular policy, for my car here in California?
Arnold
Los Angeles, CA
Very good question! and I’m glad you brought it up since many people out there are actually confused about the difference between a regular car insurance policy, and a comprehensive vehicle insurance policy. A typical vehicle insurance policy consist of different sets of ‘coverage’ clauses, each specifically designed to address a specific event that could cause you to lose some, or the total value, of your vehicle. A comprehensive vehicle insurance policy is a type of vehicle insurance that combines all sorts of ‘coverage’ clauses or policies to give you as much protection as could be thought of, from as many foreseeable events and accidents as possible, that could compel you to file for a car insurance claim in the future.
Although comprehensive vehicle insurance seems to be the most obvious choice, many people would find the price for such a complete insurance ‘package’ steep. This is especially true for those wanting to insure a fairly expensive vehicle, or those who may have not had as good a driving record as they would have liked to have.
This is why you need to know how to effectively search for your next vehicle insurance coverage. Companies determine your rates by using many different factors and each will have its own way of computing these factors into a premium. The difference vary greatly and could mean hundreds of dollars saved on yearly insurance costs. The most convenient way to do this is to use the free insurance quote tool found on this website to help you find the best rates, as well as compare many different companies simultaneously.
Auto Insurance Coverage
Filed under: Uncategorized
Reader’s Question:
I want to have an auto insurance yet I’m still in doubt of the whole system. As a new driver, how much auto insurance coverage should I carry?
Maria
Baton Rouge LA
To determine the needed coverage for your auto insurance you need to consider several factors like state requirements, vehicle type, deductibles and coverage limits.
Every state requires a minimum liability coverage for vehicle owners. Check first your state requirements before choosing your coverage. You can ask the registry, local Department, brokers, agent or check online insurance site of your state. Vehicle type also affects the type of insurance coverage that you might consider. Large vehicles need higher coverage compare with smaller cars.
If you own financed or leased vehicles, there is a need to add comprehensive and collision coverage in your auto insurance. Consider an auto insurance coverage that you are comfortable of paying. Higher coverage basically costs much but the limits are also higher.
It is best to consider your financial situation before purchasing auto coverage insurance with lower limits. In case of accidents or mishap, lower limits cannot provide you sufficient funds to cover up for personal injury and property damages. Although you could save at first, the tendency is you will spend more on the latter end.