Tweet TweetSelecting the right car insurance can be difficult if you don’t understand all aspects of it and this is why many people are spending too much money on the insurance for their vehicles. If the time for renewal is now, it is important that you invest time rather than money, into getting the lowest cost and highest quality car insurance that you are able to. In order to help you make the right choice, here are some answers to some very common car insurance questions. What Kinds of Cover Are There? When it comes to the cover which is available, you will find that there are many, some optional and others mandatory as required by law. Let’s first take a look at the covers which are required by law. – Liability Insurance – The majority of states require car owners to have this cover which pays out for any property damage or injuries which you cause to others in an accident. This only covers injury or damage to others, not yourself. – Personal … [Read more...] about Your Car Insurance Questions Answered
Liability car insurance coverage
Automobile insurance in Baltimore and other cities across the country is prohibitively expensive for low-income drivers, particularly those who have financed a vehicle, according to a report released Monday by the Consumer Federation of America.Variations in rates charged by insurers based on factors unrelated to driving — including where they live, their credit score, their education level and their occupation — also make it more difficult for less affluent city residents to afford coverage, the group said."High auto insurance premiums represent a huge barrier to car ownership, and economic opportunity, for millions of lower-income Americans," said Stephen Brobeck, the group's executive director, in a statement.J. Robert Hunter, the group's insurance director, said the issue can hamper cities' efforts to grow. As an example, he described a Baltimore resident struggling to hold a job in the surrounding suburbs."The people living downtown have no way to get there, even if … [Read more...] about Consumer advocates call for cheaper auto insurance for low-income residents in Maryland
You do not need a driver’s license to legally buy a car, but laws preventing you from driving present something of a roadblock if you had planned to get behind the wheel. There are situations in which a buyer with no license may want to purchase a car for someone else to drive, however, and there are processes to make that happen. Buying a car without a license for someone else to drive There are all kinds of reasons why you might want to buy a car without intending to drive it yourself. It could be a gift for a spouse or son or daughter, a vehicle for your caregiver, if you have a disability, or you may be a business owner buying a company car for employees to drive, for example. It’s possible to buy a car without a license using cash and, in some cases, with financing, too. In many states you will need insurance and government identification in order to register the vehicle with your department of motor vehicles, and it’s a good idea to check with your local … [Read more...] about Do you need a license to buy a car?
A Sparks-based insurance company that was seized by Delaware regulators faces possible liquidation in a wild case — one with dueling allegations of fraud, forgery and a vendetta, plus a sanction involving an Aston Martin sports car.Delaware's Department of Insurance said Monday that Indemnity Insurance Corp. is in bad financial shape, and efforts to rehabilitate the company to avoid liquidation "have not been successful." Indemnity's founder — who contends the company is financially solid — said the regulator has indicated in court that it wants to move this week to liquidate the firm.Indemnity is a significant player in the insurance niche for bars, taverns and nightclubs. The months-long situation has left some local businesses in the lurch.Ron Furman, owner of Max's Taphouse in Fells Point, said the closest he could come to replacing $1 million in assault-and-battery coverage from Indemnity was a $100,000 policy. Since the seizure last year, he said, he's been left … [Read more...] about Md. insurer, seized by regulators, could be liquidated
Technology is forecast to so thoroughly transform the automotive landscape that not even the idea of ownership is expected to survive the next generation or two unchanged. The latest twist: the car subscription program. With this model, rather than making payments on a single car, you pay a monthly fee to have access to a pool of vehicles. If your needs change, so can your car. Taxes, insurance, and maintenance are generally included. Cadillac and Porsche were the first carmakers to launch such programs [see “The OEM Approach”], and others have announced their intent to follow suit. Then there’s Mobiliti, a third-party subscriber service affiliated with no particular brand. Instead, Mobiliti is partnering with dealerships that will list vehicles from their inventories. Monthly fees will vary but will be based primarily on a vehicle’s cost to the dealer and the customer’s intended mileage, driving record, and credit history. It’s free for dealers to … [Read more...] about Car-Subscription Service Mobiliti Is Sort of Like a Press-Car Fleet for Civilians