Questions tagged [car-insurance]

related to automobile insurance. There is also a generic insurance tag.

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3answers
321 views

Is hire purchase that risky compared to a personal loan in the case of a car crash?

I am very uneducated when it comes to personal finance. Four years ago I decided to buy a car. The dealer offered me the car with 0% interest and when I told him that I might pay the installments ...
0
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1answer
73 views

Car insurance - UK resident, UK-registry car, EEA licence (with Shadow licence in DVLA) - no-claim protection

I'm an UK resident with EU driving license. I own a UK-registered car and I do pay a bit too much for insurance. It is because I stated that I had an accident and a claim in UK in 2016. Also, since ...
3
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2answers
219 views

What if other person claims car damage higher than actual (in USA)?

This is a hypothetical scenario but I'm thinking of it since I am going on a long trip within the United States. I currently have a car insurance that covers up to 15000$ damage to other cars. In ...
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2answers
124 views

How do auto insurance down payments work?

I have a friend who just immigrated to the USA and just got a driver's license for the first time (he's never had a driver's license before, either in his previous country or in the USA). Now that he'...
2
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1answer
138 views

Tax implication for totaled car payout

I recently had a car totaled. The payout was more than the amount I paid for the car while I bought it. What are the tax implications on this. What kind of tax (if any) I need to pay on the profit? ...
2
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1answer
457 views

Is it legally binding in the UK to declare penalty charge notice issued by the council to the insurer?

Does the Penalty Charge Notice (PCN) for a traffic contravention issued by a local council need to be declared to the insurer? Also, does this affect the premium?
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1answer
83 views

Estimated car insurance cost without personal information [closed]

What are the best websites for estimating car insurance price without leaving personal information?
3
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1answer
461 views

liability vs collision coverage

I live in Washington State. I have a reasonably cheap car. I am not afraid to replace it if I have to so covering for damages isn't a problem. Additionally, I have a good job with good health care. I ...
3
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1answer
147 views

When I stop driving for 2 years, should I put myself as a secondary on my mom's car to keep premiums low?

I live in Montreal, QC, Canada and I have little use for my car. I'd like to save money by getting rid of it and the expensive insurance. I've heard gaps in insurance history will lead to higher ...
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5answers
3k views

How to calculate car insurance quote

I'm trying something in related to Auto Insurance and when I went through the State Farm's insurance portal, it asked me for a couple of questions like below. Vehicle ownership Car Age Person's Age ...
7
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1answer
316 views

Can my insurance company raise my rates for asking them about a claim I may not file?

My 16 year old son backed our van into his grandmother's car last night, causing minor damage to one door on her car, though nothing noticeable on our van. I estimate that it will cost a few hundred ...
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2answers
142 views

car rental secondary coverage is enough?

I rented car by Amex and it gives you car insurance. But this has only secondary coverage: This benefit provides secondary coverage and does not cover liability, damages to vehicles other than ...
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1answer
192 views

Negotiation with car insurance damage adjuster

Another driver backed into and damaged my car. I have filed the claim with the other driver’s insurance. As the standard protocol, they will come, access the damage and write me a check for the ...
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3answers
2k views

Auto Insurance: Adding another car to the existing policy (GEICO)

I've been with Geico for many years. Recently I decided to purchase second brand new vehicle for my family from Ford in South FL. While discussing with financial manager on all my possible options, I ...
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1answer
172 views

Doubt regarding NCB for a second hand car

I had bought a second hand car with NCB 50%. When i approached the car insurer to change the ownership name, he did the same and he didn't mention anything about the NCB transfer and I also was ...
33
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12answers
13k views

Why is auto insurance ridiculously overpriced for those who drive few miles?

It's not just one company. The problem is our current driving is something under 4,000 miles/year and the discounts for low driving aren't remotely as big as the difference in mileage. I don't think ...
12
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1answer
735 views

Car was stolen and recovered, is now evidence in an investigation and I still have to pay even though I don't have access to it

What happened: 2 months ago my then girlfriend (now wife) was carjacked at gunpoint. The car was found the next before 48 hours in another town, in circumstances that merit the police to take my car ...
3
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2answers
523 views

Car Insurance - Black box has broken and insurance company wants me to pay?

I have have had an insurance policy on my car for nearly 2 years now. It is one of those policies with a black box. Recently during hot weather the black box battery has swollen up and the case ...
2
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1answer
88 views

How do I buy bundled insurance policies?

I currently have separate policies for home, auto, and term life insurance with three separate companies. I've read in multiple finance Websites that I should consider whether bundling policies with a ...
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0answers
131 views

Negotiating with car insurance

Last month, someone ran their car into the back of my parked car. Therefore, this accident was 100% the other party's fault. Since it was not my fault, I did not file anything with my insurance ...
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1answer
633 views

Car Insurance: Driving Experience from Another Country

The background: I am from Lithuania originally. I got my driving license there and been driving for 5 years. I then moved to the United Kingdom. First thing I did is changed my Lithuanian driving ...
38
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2answers
14k views

Car insurance (UK) excludes commute to and from work, will not pay on claim during non-commute

My girlfriend was recently involved in a crash where both parties are claiming it was not their fault. She took out a policy with an insurance company called GoSkippy whose brokers are Eldon ...
1
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1answer
95 views

PennDot registration suspension for not responding to their request. [closed]

My auto insurance policy expired and on the same day I purchased another policy via some other company. I received a letter from PA-DMV, requesting an update about new insurance policy information. ...
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0answers
74 views

Should one get in-state auto insurance if moving out-of-state for a year?

My wife and I currently live in State A. She plans on moving to State B for a year (sad year!) for work reasons. "Her" car is registered in State A. Should she register her car or get auto insurance ...
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2answers
148 views

Auto insurance on new car

In the market for a new car, looking at my options with Acura TLX. I liked the car and can pay the monthly finance rates but insurance rates seem to be pretty high. I live in Boston, MA and I ...
2
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2answers
184 views

What Is The Logic Behind Cheaper 'Fully-Comp' Insurance?

So, I've been window-shopping for car insurance and one thing that really baffles me is how the quotes I get are always cheaper to get Fully Comprehensive cover as opposed to 3rd-Party Only... When I ...
2
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2answers
205 views

Why do only motor insurers employ “No Claims Discounts”?

I was looking through my home, business and motor insurance policy and realised that only motor insurers employ "No Claims Discount". I was just wondering why "No Claims Discount" is unique to motor ...
147
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15answers
33k views

For very high-net worth individuals, does it make sense to not have insurance?

Various types of insurance (health, car, life) protect you from relatively low probability but very expensive events in life (cancer, serious car accident, etc.) For the average person, it makes sense ...
3
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1answer
2k views

Do premiums go up after making an vehicle insurance claim?

Partner had a minor accident in the car. No one was hurt – basically scraped the side of a concrete wall so there are a few small dents and ugly scratches everywhere along the front of my car. I'm ...
4
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1answer
486 views

Is it cheaper to use car Insurance or pay out of pocket?

My wife recently side swiped a building with our car. We know the building owners and they don't seem to be worried about any damage. A friend in the car body work business suggested it would be ~$...
31
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6answers
5k views

Auto premium increasing with aging vehicle and no new tickets

I have just received a new auto insurance bill for the next six months for my comprehensive insurance. It is about 8% higher than the previous six months whereas I have had no new moving infractions ...
3
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1answer
3k views

Car Insurance Bill: Should I pay the minimum amount due or the statement balance?

According to my USAA auto insurance bill: minimum amount due: the lowest amount due for your policy to remain current statement balance: the balance of your billed policy premiums at the time of your ...
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3answers
926 views

Vehicle in Garage Covered by Auto and Home Owners, Can I claim both?

Theoretical question here, I am just curious. No damage has occurred. if I were to have a Vehicle in a garage attached to the home and the home burned to the ground or was flooded and damaged the ...
3
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1answer
3k views

Moving out of state, and car is under parents' names

So I'm currently living in New York, but will be relocating to Atlanta next month for a job. I will be taking the car my parents bought me; it is titled under their names, as is the insurance. What I ...
23
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7answers
10k views

If I let a friend drive my car for a day should I tell my insurance company?

If you have a friend visiting from out of state and you let them drive your car to a museum or something, as a one-off thing, I think it's a little impractical to let your insurance provider know that ...
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1answer
443 views

Adding a car one month into 6 month insurance policy

I added a car one month in to my 6 month car insurance policy and was quoted a new premium of $487 a month. When the payment came due, $588 was taken out of my account. I called the insurance agency ...
2
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1answer
84 views

Titles, Financing and Insurance. How do they work?

I am about to buy a motorcycle so I filled out a financing application with my dad as the co-signer (I'am 19 and have no credit history). However, the dealership informed me the only way they could ...
3
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1answer
873 views

Can I cash an auto insurance settlement check?

My Fiancée was in an accident where the other driver was 100% at fault, and we had a witness come forward to support our claim. We filed a claim with our insurance, paid our deductible and had the ...
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4answers
290 views

How to negotiate cheaper car insurance?

I'm a new driver and I've been paying about £70 per month on my insurance which makes sense given my position. I obtained a new quote from the same insurance company and the price was £50 per month. ...
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0answers
40 views

Insurance for car rental [duplicate]

I'm trying to find the best way to have a good insurance coverage when renting a car without a credit card or car insurance. Here is my situation: I've arrived 6 months ago in the US, and am ...
3
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1answer
94 views

Car insurance with foreign and domestic Driver's License

I am currently living in the U.S. I am looking to get a car insurance and wonder how they calculate my rate. As I know it from Germany, they calculate the risk with a formula depending on where I live,...
2
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1answer
248 views

How do I go about getting Non Owners Auto Insurance in NJ

I'm currently in the US as a non immigrant worker and a resident of Jersey City, NJ. I've recently got a NJ drivers license, I don't own a vehicle and been renting cars over the weekends to see places....
0
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1answer
86 views

Auto liability insurance and underinsured policy

I live in MA. Recently I was in an accident where the over driver was at-fault 100% and is not contesting this. I was moderately injured and had several dr appoints and tests for broken ribs and being ...
10
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1answer
7k views

Oh, hail. Totaled car, confused about buy-back options

I have a Toyota 4Runner Limited - V8, 4x4, nav, you name it. During our oh-so-wonderful hail experience last week (I was momentarily knocked our by a softball-sized chunk of the stuff), it received a ...
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1answer
98 views

Car under the dealer's warranty

I just bought a car from a dealer and according to the law, they have provided a 3-month warranty to pay half a price for the repairs in case the car breaks. The car broke down and I need to have it ...
3
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1answer
211 views

How do I minimize my risk when loaning someone my car?

My wife and I recently had a third child, so we bought a minivan to replace her compact car. Since the car is over 10 years old with almost 150K miles, we know it won't bring us much money, so there ...
13
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1answer
2k views

Should I keep the hail damage insurance payout for my car

I'm not sure if this is the right place to ask this. I'm in the US. I just got hail damage on my 2014 Toyota Corolla. As far as I can tell, it's all cosmetic. No damage to the windows, but a lot of ...
3
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3answers
11k views

Can you get umbrella insurance from a different company from where you get your basic home/auto insurance?

I presently have auto and house insurance with a single company (call it company X). They have a local agent and the cost and responsiveness is quite nice, so I'd rather not leave them. However, the ...
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2answers
2k views

car insurance - 2 cars, can I have 2 separate NCD

I know that I cannot use No Claims Discount on the second car but my question will be a little bit different. I build 4 years NCB in last 4 years. But there was a moment when I bought second car. When ...
3
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2answers
402 views

Do I need Personal Injury Protection if we have great health insurance?

We don't have any maxes on our insurance and our deductibles are not too bad so it seems like carrying personal injury protection on our car insurance is a waste. I want to lower it to the min 20/40k ...