Good Driver Auto Insurance Discounts in New Mexico
Reader’s Question:
I’m moving to Santa Fe, New Mexico next month, is New Mexico a “tort state”, what does “tort state” actually means? If it is, what effect does it do regarding my car insurance?
Marty
Santa Fe, NM
Yes, New Mexico is a tort state. By definition, “tort” is an injury to another individual or damage to a property which is compensated under law. The injury or damage can be done willfully, negligently or in other instances involving liability. With regards to car insurance, each State tends to be either a Tort State or a No-Fault State. With this, someone must be found to be at fault for causing the accident under a tort system. Then, the at-fault party is held responsible for the damages incurred. The policies and regulations for a tort system vary from state to state.
This means that Santa Fe, New Mexico drivers are financially responsible for the property damage and personal injury they may cause during a car accident. New Mexico’s standard liability coverage requirements are 25/50/10. This means that your car insurance policy should cover $25,000 per individual for bodily injuries you cause to the other persons, and up to $50,000 for all, and $10,000 for damage you cause to the other party’s personal property. Uninsured and underinsured motorist coverage, as well as collision and comprehensive coverage are optional for the standard liability policies. New Mexico determines car insurance rates based on driving record, age, area you live in, and the type of vehicle you drive. However, you may have the option to consider getting higher coverages than the required state minimums.
Liability Auto Insurance Discounts in New York
Reader’s Question:
I live in Buffalo, NY and I will be moving to another state in three months, what will happen if I cancel my liability insurance?
Harold
Buffalo, NY
The car insurance company must notify the Department of Motor Vehicles (DMV) if you cancel your liability insurance. If your insurance coverage is reinstated or you get new insurance coverage, your car insurance company in Buffalo, NY is also required to notify DMV. If the car insurance company does not file an electronic notice about your new or reinstated liability insurance, the DMV will send you a letter about your insurance. Once you receive the letter, read the insert mailed with the letter, and follow the instructions in the letter. You are given 10 days from the date of the DMV letter to prove that you carry an insurance coverage, prove that you sold the vehicle, or show other proof that insurance coverage was not required in New York State. If you do have insurance coverage, also ask your car insurance company to file an electronic notice of insurance coverage with the DMV.
If you do not have liability insurance, you must surrender your vehicle plates to the New York State DMV immediately and make sure you get a receipt. You must respond to the letter you receive from the DMV or surrender your license plates to avoid the suspension of your registration and driver’s license. If your liability insurance is about to lapse and you do not plan to replace it with other car insurance, surrender your vehicle plates to the DMV before your insurance coverage lapses.
Good Driver Auto Insurance Discounts In Boston Mass?
Reader’s Question:
Does change in civil status make insurance rates cheaper? If I get married will I be able to save money on my car insurance in Boston, Massachusetts?
Cole
Boston, MA
Most car insurance companies offer a variety of discounts that can save you money on premiums. However, all the discounts that a particular company might offer may not be available in every state. There are many factors that are being considered by car insurance company for you to be eligible for discounts and there are factors that can also affect your car insurance rates. Once of the factors considered is your marital status. Married people tends to be more experienced, responsible and more stable. So it might be possible to save money on your auto insurance premiums in Boston, Massachusetts if you get married. If both of you have good driving records, it could even help with the insurance rates. Generally, insurance companies find that married couples are safer than single individuals.
In Massachusetts, the Division of Insurance lists a 5% discount can be applied to the premium paid for compulsory coverage and, if selected, optional coverages if a married couple own two or more vehicles insured by the same car insurance company, generally known as a multi-car discount. However, if your fiancé has a bad driving record, you can expect it to affect your insurance premium after you get married. Your car insurance policy covers you, your spouse, any other individual insured under your policy, and any licensed driver in your household. If any of those people have a poor driving record, it will surely affect your rates.
Auto Insurance Discounts
Reader’s Question:
I’m a bit concerned because I’m marrying someone who has a poor driving record in Waterloo, IA. With this, can I expect that my insurance rate will go up?
Joan
Waterloo, IA
If your fiancé has a poor driving record, you can expect that it will affect your insurance premium after you get married. Your car insurance policy covers you, your spouse, any other named insured under the insurance policy, and any licensed driver in your household. If any of those people in your auto insurance policy have a bad driving record, it will significantly affect your insurance rates.
If his driving record is really bad, you may want to consider additional strategies to lower your premium. If you arrange to buy all of your insurance policies which includes your homeowners policy from one company, you may benefit from multiple car and/or multiple policy discounts. Normally, in Waterloo, IA, your future spouse can take driver safety courses to improve his driving record. Furthermore, with your combined income, you might be in a position to raise your deductibles to keep your premium down.
Your fiancé may also be eligible for a low mileage discount by using public transportation for his commute to work. If all else fails, you may have the option to use a “named-driver exclusion” clause after you’re married to exclude your spouse from your insurance policy. This means that your spouse is not covered by your insurance company to drive your car. Your spouse could insure his car separately, and if it is an older model, waive collision and/or comprehensive coverage. Lastly, your insurance agent can discuss all of your policy options with you and make suitable recommendations.
Alaska Auto Insurance Discounts For Safe Drivers?
Reader’s Question:
Can you explain to me what a Good Drivers Plan is? I live in Alaska.
Ray
Anchorage, AK
The Good Driver Plan is a rating program offered by some insurance providers in Alaska and in most states. This Good Driver Plan reduces your insurance rate if you have had no traffic violations or accidents within a specified time period.
There is also a plan called Safe Driver Plan. This Safe Driver Plan has a rating system that assigns points for traffic infractions and certain accidents. Each point increases the surcharge percentage to the baseline insurance rates similar to a merit-rating plan. Therefore the Safe Driver Plan rewards motorists for being safe and without violation infractions or accidents while penalizing those with a poor driving record.
Cheap Auto Insurance Discounts
Reader’s Question:
What discounts will be available that I can take advantage of to get a cheaper auto insurance rate?
Dan
Newark, NJ
There are many types of discounts available to the average motorist.
Make sure to ask if you qualify for any discounts for a cheaper insurance when getting your car insurance policy set up.
Some of the common discounts you might be eligible for are:
1. Multi-Vehicle- if you insure more than one car with the same insurer, you can get discounts.
2. Defensive Driver Courses- if you have just taken a defensive driver course (this is only available in some states).
3. Safety features- if you have a airbags, car alarm, anti-lock brakes, or automatic seat belts in your vehicle.
4. Multi-line- if you have car insurance and homeowners through the same carrier
5. Pay in full or through EFT (electronic fund transfer)- you can save on finance charges if nothing else.
6. A full time student with a grade average “B” or higher (only available with some insurance providers).
First Time Driver Auto Insurance Discounts
When you’re a first time driver, you might be tempted to pick a car insurance policy based solely on the rate quote. You may even go with a company just because you like the discounts and perks that it offers. Both of these are good bases for you to go into a car insurance policy, but they are not the only things that you should consider. Considering that you’re ability to have transportation and your lack of debt are things that are hinging upon your car insurance policy, finding a company that can really back you up is just as important as all of those other factors.
- Who’s got the money?
A car insurance company is no good unless it has actual finances behind. There are thousands of car insurance companies out there, and some of them are as inexperienced as you at your lemonade stand. In order for them to be able to cover the costs of claims when you need them to, they have to have enough money to do so. A company that has a history of bad financial management won’t, nor will a company that has hardly any customers.
So how do you know? If you’re interested in a smaller or a local company, you should always check first, and it’s very easy to do so. All you need to do is see how they come out when the credit agencies rate them. The same way that they accept you based on your credit report, you should accept them based on the same. Multiple As mean the company is good, but you shouldn’t accept anything less than a single A.
- Customer service.
You may not be able to expect the most polite service from the McDonald’s drive thru, but you should be able to expect it from your car insurance company. It’s very simple to find out where your company rates on this scale. All you have to do is search for car insurance reviews, and a bunch of sites will pop up where consumers go to either praise or complain about the company they’re with. You do have to take these with a grain of salt, though. Every company has its problems, and not all of those people will be telling the truth, but a trend of bad reviews means something.
Cheers,
Fashun Guadarrama.
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