For many automotive drivers, Gap Insurance is an important coverage to have along with normal car insurance policies. Aptly named, gap insurance covers the gap between the amount an owner owes for a car and the total value of the car if it was ever totaled in a destructive accident. Purchasing a New Car Drivers [...]
According to the Insurance Information Institute (III), the effects of Hurricane Irene significantly increased the risk of unknowingly buying a flood-damaged car. While it is illegal to hide a vehicle's history of flood damage, some unscrupulous resellers will do so, obscuring the facts and cleaning up any noticeable defects. Complications of Flood-Damaged Vehicle Sales The [...]
With home prices hitting record lows many people may be thinking about relocating to a new neighborhood or city. However, what they may not realize is that where an individual lives may directly affect their auto insurance rates. Cities are becoming increasingly congested and the number of cars per square mile is growing significantly. More [...]
The AAA Foundation for Traffic Safety's 2011 safety culture survey reveals that, in the past month, about one-third of respondents got behind the wheel when sufficiently tired that they had trouble keeping their eyes open, despite 96 percent saying drowsy driving is an unacceptable behavior. A 2005 poll by the National Sleep Foundation determined that [...]
Nation wide, 12 different states currently have no-fault auto insurance regulations in place. However, that figure could be in jeopardy as many states are considering eliminating these policies. What is no-fault insurance? These policies only affect accidents that involve physical injury. Instead of such an accident going to court to determine liability, the car insurance [...]
There may be fewer people on the road after the sun sets, but deaths caused by cars and traffic occur three times more often at night than during the day, according to Penn State's Environmental Health and Safety department. Fifty-five percent of all driving fatalities happen when it is dark and 62 percent of pedestrian [...]
In the world of auto insurance, there can be a lot of misconceptions about how rates are calculated, creating widespread auto insurance myths which can prove hard to dispel once they have become so well known. Here's a list of the top 10 auto insurance myths. A car's color can lead to higher rates The [...]
Women are perceived as safer drivers than men, according to a study from MetLife. Slightly more than 50 percent of women believed they were safer drivers than men, and less than a quarter were unsure. By comparison, fewer than 40 percent of men believed they were better drivers than women, and 35 percent indicated they [...]
Though the no-fault auto insurance system in New York may have originally seemed like a measure that would benefit drivers in the state, according to many insurance experts, the system is increasing their costs. No-fault insurance allows customers to file medical claims directly to their insurer - regardless of who is at fault - to [...]
Car owners may think it is a simple favor to let a friend or loved one borrow their car, but it could actually lead to car insurance nightmares for the owner. There are no easy favors Close to 6 million accidents happen each year resulting in 3 million injuries and 42,000 deaths, according to the [...]