Posts filed under 'SR22 insurance'
Reader’s Question:
My dad and my uncle were discussing about auto insurance policy. My uncle was just recently involved in a vehicular accident and they were talking mainly about making his insurance claim. While they were talking I heard he said something about “non-waiver agreement”. What does non-waiver mean? He has auto insurance in Chicago, Illinois.
Edmund
Chicago, IL
Non-waiver is a general term which means its meanings depends on the context it is being used. But since you’ve mentioned that your dad and your uncle were talking about auto insurance claim then I would explain how non-waiver agreement works in auto insurance claim.
In an event that a vehicular accident happened and the policyholders make their claims, auto insurance companies would do a careful investigation regarding the accident. However, said investigation does not mean they are required to pay the claim. This is where the non-waiver agreement comes in. It states that auto insurance companies do not waive their rights under their policy and the policyholders do not waive their rights by cooperating in the investigation. Insurance companies would want their policyholders to sign this agreement.
If the insured declines to sign said agreement his/her auto insurance company would send him/her a letter of Reservation of Rights. Basically, this states what is written on the non-waiver agreement however this time the policyholder is not required to sign it.
To find more about non-waiver agreement you can ask your auto insurance agent. If you are looking for auto insurance rates in Chicago, IL, you can start by checking our website. It’s as simple as entering your zip code.
Tags: auto insurance, car insurance online, car insurance rate
October 17th, 2008
Reader’s Question:
Is it true that the newer the vehicle you buy, the higher you car insurance premium will be? Shouldn’t it be the other way around? I’m gonna be purchasing a brand new SUV here in Durham, North Carolina, and I want to know if I will end up with higher car insurance bills.
Suzanne
Durham, NC
This is a very interesting question. Generally, it would cost a car insurance provider more to insurance towards repairing, replacing loss, or reimbursement damages caused to an expensive, brand-new or performance-type vehicle, as compared to an older car. However, as more and more of the latest car models coming out have state-of-the-art, built in safety mechanisms already installed, your car insurance provider may actually be able to provide you discounts on the merits of additional passenger safety which can help augment the costs of a higher car insurance premium.
You also have to factor the type of vehicle you have, it’s tag price, if there will be additional people you’ll have to add to your policy when they use the newer vehicle, the increased likelihood of theft, and any other statistical factors involved in determining the risk of insuring a newer car on your car insurance provider. This is the reason why you will see your car insurance premiums increase with a new vehicle.
You could still shave off some amount from the insurance bill if you agree to a higher deductible on your policy, if you, and the people using the new car enroll on defensive or safe driving lessons and by leveraging on the additional passenger safety mechanisms stated above. Talk with your car insurance agent about other promos available which may not be aware of as well.
Tags: automobile, car, car insurance discounts, car insurance rate
October 16th, 2008
Reader’s Question:
Do I really need to have everything that is currently included under my car insurance coverage here in Fayetteville, North Carolina? I want to have a better understanding of how car insurance works since I think I can save some money by trimming down on my coverage. Thanks!
Lourdes
Fayetteville, NC
The answer to your first question is probably no. You may have gotten a standard type of car insurance, meaning it has all the bells and whistles and many other fancy extras as advertised but it may not be something you will actually need, nor end up using at all in the future. The best way to pick a good car insurance policy is to understand on how you drive,the likelihood of you being involved in a car accident in your area in Fayetteville, car theft and loss due to natural disasters, and of course, your budget.
In North Carolina, as in most states, car owners are required to purchase a minimum amount of coverage, namely: Liability insurance, Bodily Injury insurance and Personal Injury Protection (PIP). Focus on getting the highest coverage you can afford here since this will protect you from having to pay the biggest sums of money from damages that may be incurred in the event you get sued in a car accident.
Take a look at your comprehensive coverage. Would you really need coverage for earthquakes or hurricanes for an older car? There are some unnecessary extras in your coverage that may sound really important, but might be the least likely to occur, much less cause damage or loss to your vehicle. If you really want savings on car insurance then prioritize your protection needs and be realistic about it.
Tags: advice, car, car insurance, car insurance quotes
October 16th, 2008
Reader’s Question:
My teenager, recently getting his drivers license here in Islip, New York, is very excited to start driving and I am very much the proud parent, however, how can I keep my insurance costs to a minimum when I add my teenager to my insurance policy?
Janus
Islip, NY
It is, most of the time, a great source of pride for a parent to see their teenagers learning to drive on their own however it is a source of great anxiety as well, knowing how teenagers can get reckless at times. Unfortunately, Auto Insurance providers categorize teenage drivers under “High-risk’” and adding your teenager to your existing policy there in Islip, New York, could mean double, even triple or more increase in your car insurance premiums. There are still ways on how you minimize the costs of having sufficient car insurance coverage for yourself, your teenager and the rest of your family who will be driving.
You can opt t have your teenager drive an older car, requiring less insurance protection or consider upgrading the safety features on the insured vehicle to make the car safer and thus lowering your insurance costs. You can also enroll your family on accredited defensive driving courses to provide them the necessary skills and knowledge to drive safer, which can then lead to your car insurance provider offering you lower or better rates. If your children are doing very well in school then you can also take advantage of a good student car insurance discount to lower your insurance premium. Consult with your current provider and see if they also give discounts for adding additional insurance for your teenager under your existing policy.
Tags: car insurance, car insurance discounts, car insurance quotes, car insurance rate
October 15th, 2008
Reader’s Question:
I’ve been caught driving and unfortunately I don’t have car insurance yet here in Joliet, Illinois. I’ve been instructed to file an SR22 form. What is it and how do I get one?
Thomas
Joliet, IL
An SR 22 is a form that proves you have financial responsibility, also known as insurance, for your vehicle and for driving. This is a requirement by the financial responsibility law of Illinois and is needed by people who have had driving violations or has been involved in vehicular accidents. This proves that in the event you do get involved in a car accident, you have enough financial coverage to pay for financial obligations due to the damages you may have caused on property and/or people. This also aims to make sure that you, as a motorist, is also protected from such damages and injuries. You can consult with any car insurance provider there in Joliet or your local Department of Motor Vehicles (DMV) on how to file for an SR22 as well as the associated fees. You will also need to know how long you’ll have to keep an SR22 (usually two or three years) after you get your license back from suspension.
It would be advisable to start looking for a car insurance provider since they will need to be the one to file this form for you. You will also need to know what the state minimum car insurance coverage requirement is so you know how much you need to get. This will mainly cover three important types of coverage: Bodily Liability Coverage, Personal Injury Protection and Property damage liability insurance. Once you have found a suitable car insurance provider, make sure you maintain a good driving record as penalties for repeat driving offenders gets significantly more severe.
Tags: car, car insurance, car insurance discounts, SR22 insurance
October 14th, 2008
Reader’s Question:
Can I file for an SR22 under my car insurance Company for my husband? He has recently been detained due to DUI and we need to get his license back (since he already served his time) for work here in Chicago. He has also had some previous violations here in Illinois but that was a long time ago, will all of this affect me as well?
Cathy
Chicago IL
Since you are the spouse, and if the car your husband was arrested in for DUI is under your car insurance coverage, you should be able to have your car insurance company there in Chicago, Illinois file an SR22 for you. The unfortunate thing, however, is since your husband got charged for DUI this will go against your record as well as written under state law. This could also mean an increase in the amount your paying for car insurance for a while until both of you are able to demonstrate financial responsibility through the said SR22 form and avoiding future infractions, even speeding tickets.
Do take note that you will normally only need to maintain your SR22 for about a couple of years but this still depends on the gravity of your husband’s offense. I suggest you talk to your insurance agent immediately about getting the SR22 since you will need to get your husband’s license back as quickly as possible. Make sure to also ask your insurance agent about the other necessary paperwork needed to be accomplished in this case. Finally, since you mentioned that he has had some bad driving records in the past, it will be up to you to make sure your spouse knows the implication of further being caught or pulled over for any other form of driving violation as the resulting penalties and fees will be significantly more severe with repeat offenders.
Tags: car insurance, DUI, DUI arrest, DUI conviction
October 14th, 2008
Reader’s Question:
Hello! Everything costs more. In these days of high cost gasoline, auto repairs and general expenses, I need the cheapest car insurance available in Chicago Illinois. What can I do?
John
Chicago, IL
Hello John,
You are correct that finding the cheapest car insurance is very important in today’s economy. To find the cheapest car insurance in Chicago Illinois, shop smartly and take preventive steps to help lower your rate and the auto insurance carrier’s exposure. Once you have determined your insurance needs, get a competitive price.
But, even before you shop there are some things every car owner can do to make sure they qualify for the cheapest car insurance available. If your car does not have anti-theft protection, have it installed. Helping prevent theft will qualify you for the cheapest car insurance rates.
If you have more than one vehicle, the cheapest car insurance rates will apply if you combine the cars and obtain prices for multiple cars. Putting all your vehicles on the same policy will definitely qualify you for the cheapest car insurance proposals.
Another effective way to procure the cheapest car insurance is to apply for annual policies. The longer the term, the greater the savings will be. Structure your request for the cheapest car insurance to comply with these specifications and request proposals from this cost-effective site.
Good luck, John!
Tags: auto insurance, cheap auto insurance
October 10th, 2008
Reader’s Question:
I am buying my very first car with my new job here in Springfield Illinois IL. My officemates are all telling me to have the car insured immediately. I’m really not looking forward to having to spend again. Can I do without auto insurance?
Nick
Springfield, IL
I hate to be the bearer of bad news, Nick, but you are required to have insurance prior to car registration. But, don’t fret, this seemingly bad news can prove to be very useful in the future.
You will be required a liability coverage, at the minimum, when you register in Springfield. Liability coverage offers protection for you when you have caused injury to somebody else because of a collision. In other words, when you are the one responsible for the collision, you will be required to pay for the damages you have caused to the aggrieved party. Liability coverage will be used in this case and you can be penalized for non-compliance if you were found to be without one. That would be a double whammy since you not only have to pay for all the expenses of the damages from your own pocket; you also have to pay a considerable amount for non-compliance.
Although you are only required a liability coverage, it will be good for you to also explore the many other types of auto insurance. You may want to shop online for free quotes – you can do so on this page by entering your zip code on the space provided. Or you may want to set up an appointment with a local insurer in Springfield Illinois IL.
The other types of auto insurance are collision and comprehensive. Collision coverage will pay for the damages your car has sustained due to a collision, and can be bought as an addition to liability coverage. Comprehensive coverage includes all the features of liability and collision, plus any damages the vehicle may have had due to fire, storm, theft or vandalism.
You may not see the wisdom of getting auto insurance now but it can serve you well in the long run.
Tags: auto insurance
October 10th, 2008
Reader’s Question:
I have already paid eighty percent off on my auto loan but my vehicle was recently stolen. What do I get from my car insurance company in Rockford, Illinois? I do not want another car.
Bobby
Rockford, IL
When your vehicle is stolen and was not recovered you make a car insurance claim with your auto insurance carrier under the comprehensive coverage of the car insurance policy. The settlement will be for the car will depend on your specific insurance carrier’s rules and guidelines and state laws.
Most insurance carriers in Rockford, Illinois will settle the car insurance claim on the stolen car by offering you what they see as the ACV of the car at the time of the vehicle got stolen, less your deductible for your comprehensive insurance coverage. Most states, such as Illinois, permit the insurance carrier to replace your car if certain conditions apply.
To know exactly what type of settlement you may expect to get you will have to talk with the insurance claims adjuster from your insurance carrier that is working this insurance claim. He should be able to tell you the details of your car insurance policy.
Tags: auto insurance claims, Car Insurance Company
October 5th, 2008
Reader’s Question:
If you do not own a vehicle right now but I do have a driver’s license in Springfield, Illinois. In Illinois am I required to get car insurance to use someone else’s automobile occasionally?
Becky
Springfield, IL
The car insurance policy on an automobile that you may borrow occasionally should cover you.
Auto insurance policy terms may differ, so the individual who owns the vehicle that you operate occasionally, and therefore has the car insurance policy on it, should read over their automobile insurance policy and talk to their car insurance agent to be sure you are properly covered to drive their car from time to time.
If it is a family member’s vehicle (the same household you live in) that you are driving on rare occasion then normally you will be required to be listed to their car insurance policy and be rated as a driver.
If you do not have an automobile you may not be required to get your own automobile insurance policy in Springfield, Illinois so then you can buy a non-owners policy. This non-owners car insurance policy is an additional coverage to provide you insurance liability protection if you are at fault and do not own an automobile.
Tags: auto insurance, non owners insurance
October 4th, 2008
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