Scope (?):  All Topics
psplove
professor
3 1 6
11 9 2
Hot or Not?
12

12 things you don't know about car insurance that could cost you.

submitted on January 14, 2011 by psplove in "Products / Gadgets", last updated on January 15, 2011 by YanBz
1. You'll pay for your friend's bad driving
2. Your personal property in your car isn't covered by your auto insurance
3. You may be entitled to payment for sales tax and registration fees for a new car
4. You may be entitled to a diminished value claim in some states
5. You may be able to "stack" your coverage
6. Making a claim could increase your car insurance rates, but by how much?
7. If you don't drive much, "usage-based" car insurance could save you money
8. Your credit history may affect your car insurance premium
9. You must officially cancel your insurance policy when you switch insurers
10. You can wait to add your teenage driver to your policy until he or she is licensed
11. Paying in installments will usually increase your overall bill
12. Your car model affects your premium, but by how much?


Read More...
http://www.insure.com/car-insu.....ation.html
        

Favorite
  Comments
  • 96346
    psplove
    professor
    3 1 6
    11 9 2
    Posted by psplove on January 14, 2011
    [reply] 6 0
    Which one you don't know?
      96452
    • deby32953
      professor
      Posted by deby32953 on January 14, 2011
      [reply] 3 0
      #4 I definately need to check into. I keep my license in case of emergency but I don't drive ever since I can't walk very well, can only stand for a few minutes, long enough to transfer from chair to scooter and I have poor vision. My limbs also jerk all the time making it quite dangerous. Almost failed the vision test the last time I renewed my license. But yet we pay for insurance on all 3 vehicles even the Harley!
  • 96349
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 14, 2011
    [reply] 4 0
    Your personal property stolen out of your car is covered under your homeowner's policy if you own a home.
  • 96350
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 14, 2011
    [reply] 4 0
    If your car is totalled out, and you still want to keep it after the insurance deems it "not worth repair", you may buy it from the insurance company at "salvage rate" around $125. They will deduct the $125 from the amount the insurance company plans on paying you.
  • 96457
    webbyone2010
    professor
    1
    Posted by webbyone2010 on January 14, 2011
    [reply] 7 0
    Also, think about Guaranteed Asset Protection Insurance (GAP) if you buy a new car. If you total a new car, your insurance will not pay the full value of the car note. GAP insurance covers the "gap."
  • 96540
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 15, 2011
    [reply] 1 0
    Carry uninsured motorist protection if its not currently on your policy.

Leave a Comment (members Sign in to comment)

Name

E-Mail (will not be published)

2 x 3 = ?

Emoticons

'Mr Green''Neutral''Twisted''Arrow''Eek''Smile''Confused''Cool''Evil''Big Grin''Idea''Red Face'

(more)


 

Browse by tags