How High-Risk Drivers Can Save Money on Auto Insurance
How High-Risk Drivers Can Save Money on Auto Insurance
The purpose of auto insurance is to protect you from financial loss if you are involved in a car accident. If you have several tickets or have been involved in more than one or two accidents, you may be considered high-risk. Having bad credit may also put you in the high-risk category. Being labeled high-risk…
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Classic Car Insurance Explained
Thousands of people across the United States attend special car and trade shows every month. Collecting classic cars has become a popular hobby. However, even these special cars need protection. That’s why classic car insurance has become important. Classic cars are unique investments. These cars earn their status by being at least 25-30 years old.…
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What You Need to Know about Return to Invoice Coverage
If you have recently purchased a new car, you have several options to insure it. Add-on covers can help you prepare for a disaster when you least expect it. Return to invoice coverage can help if your new car is involved in a serious accident. Car insurance helps protect your vehicle if you are involved…
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How Has COVID-19 Affected the Auto Insurance Industry?
COVID-19 has had a profound impact on society and businesses. The impact on the auto insurance industry was discussed in detail at a 2020 American Academy of Actuaries Annual Meeting. Pulling information from the Insurance Information Institute (Triple-I) research, the meeting highlighted the following important points. Insurance Claim Spikes During the Pandemic Triple-I estimates that…
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Tips to Help You Lower Your Auto Insurance Premium
The best route to a lower car premium is to become a better driver. Many people might say, “I’m already a good driver,” but they should also consider insurance rates are based heavily on driving behavior. Getting tickets and accidents on your driving record can take a toll on insurance rates. Here are essential tips…
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