This was an accident where I accidentally scraped a mailbox, putting an indention into the side of my car…it is about a $1,500 repair; my old insurance had a $500 deductible, but I never filed-and now I’m wanting to change companies. For lack of a better term, is this like having a pre-existing condition [...]
When you ask for a new car insurance quote from your current or a new provider they always ask the question if you have been involved in an accident or have been pulled over recently etc, etc. My question is, do they already know this info and are they maybe testing me or do they [...]
Are car insurance companies regulated by any state or federal offices?
The insurance companies are regulated by the state insurance department. This applies to all insurance companies irrespective of whether they are general insurance or life insurance companies
addthis_url = ‘http%3A%2F%2Fwww.shootinggallerynews.com%2Fcar-insurance-companies%2Fhow-are-car-insurance-companies-regulated’;
addthis_title = ‘How+are+car+insurance+companies+regulated%3F’;
addthis_pub = [...]
A few years ago I had a minor bump in my car, as it was outside a volvo main dealer I asked for a quote to repair it. They quoted £690 including a guarantee on repairs. Insurance company wanted it to go to approved repairer, ended up costing £1790. No wonder insurance is so expensive.
You [...]
Because of my credit low rating, I have been paying regularly my creditors such as phones providers, professional bodies and charities through standing orders. But the insurance companies insisted on Direct Debt or Credit cards which I cannot use as of now. Please assist in finding any car insurance company that would take a bank [...]
Just wanted to know if most companies cover insurance on your car when it has been vandalized?
If you carry Comprehensive (sometimes abbreviated as FTC) coverage, then yes, vandalism is covered. You probably carry a deductible that you would be responsible for. Most people carry a $250 – $500 deductible. Your policy or your renewal bill [...]
Should we target them for a federal government tax dollar paid for competitor?
I mean its not fair for car insurance companies to make a profit either is it?
The federal government could compete with them for our business like they would with health insurance..
Oh wait, wouldn’t that put them out of business?
We are required by [...]
I keep seeing ads on TV which claim this or that car insurance company is cheapest. Are they really that different, or is this just marketing?
Make sure you understand why the rates are different. For instance if your current policy has towing and car rental included, make sure that is included in the policy you [...]
I am buying a car, though I probably won’t use it to commute everyday, only for long trips out of the city. I noticed that insurance companies on their quotes ask what the car will be used for. I’m not even sure myself how the car will be used on average, what answer gets the [...]
To add to the ever-growing pile of insurance questions… We all know insurers consider things such as driving records (claims, accidents, tickets, etc…), age, characteristics of the area in which the car is parked/garaged, type of car, credit history (I BELIEVE I have named all of the most salient measures). However, other information is [...]