Archive for September 1st, 2008
Reader’s Question:
I have a full coverage insurance policy on my car and I would like to know if my 17-year-old son would be covered if something should happen?
William
Chicago, IL
If you have full coverage on your car then your 17 year old son may be covered. I cannot say for sure if the teen would be covered without knowing the exclusions and terms listed on your insurance policy and details about the teenager..
If the teen is not a member of your household I would suggest that you read over the terms of your insurance policy and talk to your insurance broker or agent to make sure he would be covered. Some insurance policies have exclusions for motorists under a certain age or other exclusions that would limit the coverage on those that may drive your car.
To know for sure if your current insurance coverages would extend to your 17 year old son, verify with your car insurance agent. If he is not covered and needs to obtain auto insurance, you can start here by obtaining a cheap car insurance quote.
Tags: auto insurance, teen insurance, Young driver car insurance
September 1st, 2008
Reader’s Question:
Do I save money on service charges if I pay premiums in full rather than on a quarterly or monthly basis in Wichita Kansas?
George
Wichita, KS
Usually, annual premium payments are the most economical. By paying your insurance company the full year’s premium, you can avoid incurring additional administrative charges that add up with quarterly or monthly billing. Also, many auto insurance companies charge a much smaller fee if you have your premium deducted automatically from a checking account every month. So I would advise checking with your Wichita Kansas insurance company how much you can save by doing that.
By paying in full, you can avoid installment fees or “fractional premium” fees which are usually charged when you pay your annual premium in installments rather all at once. Payments usually are offered on a six-month, quarterly or monthly basis, but almost all insurance companies charge an administrative fee for breaking up the payments in smaller amounts the more you break it down, the more fees you pay.
Always be aware of the fees when paying in installments. If the fees are just minimal, it may be worth it. Keep in mind that insurance companies can cancel your policy for late payment even with just little notification, so make sure you won’t miss an installment. As much as possible, if you can pay the premium upfront, it may be wiser since it would simplify the process and probably save you a few dollars.
Tags: auto insurance
September 1st, 2008
Reader’s Question:
How can I avoid purchasing fraudulent auto insurance in Missoula Montana?
Spencer
Missoula, MT
There are probably hundreds of fraudulent auto insurance companies in the market right now not only in Missoula Montana but all over the US. These auto insurance companies may attract you easily because of their promises of extraordinarily low prices like special prices that last for limited-time only. As a consumer, you can protect yourself by having some basic knowledge about these auto insurance scams. You can follow some tips on what to look for in order to avoid becoming a victim of fraudulent car insurance.
When applying with one of the major insurance providers, make sure that the company is using their exact name spelled correctly. Scammers often try tricking customers into thinking their applying with a legitimate company because they have very similar sounding names (i.e. Geicko instead of Geico).
Be suspicious of any company that says they will accept all applicants no matter what their driving history or past claims were. While there may be actual car insurance providers that make offers similar to these, fraudulent companies will try their best to get your attention even offering you the most impossible thing as well as to lure drivers that were rejected by other major companies.
If you’re searching for car insurance online, make sure the website leads to a completely legitimate company. The insurance company should also be able to provide you an actual physical address, as well as a real phone number or some other way to contact them other than just e-mail. Many scammers will send advertisements and auto insurance offers by e-mail, phone, and postal mail.
Before applying with an insurance company, conduct some research. It shouldn’t be hard for you to find some financial ratings and customer reviews if it’s a real insurance provider.
Tags: Car Insurance Company
September 1st, 2008