Can I have my car insurance policy for my permanent address in Georgia and reside somewhere else in the same state? I am a good driver and would love to get a discount for being one

Bill

Augusta, GA

You should inform your car insurance agent of the garaged location of your vehicle. If this is your new temporary address you will need to tell your insurance provider of this new address. Likely the terms of your insurance policy requires you to inform your car insurance company of any change of addresses regarding you and/or your car that is being insured.

You therefore need to inform your insurance provider of your address change, even if the move is not that far and temporary. If you did not tell them of your new primary address in Augusta, Georgia where you garage the car and got in an accident, this omission of information may be considered as misrepresentation on your side and may cause your claim not to be paid.

Why do most car insurance companies in Syracuse New York only write six month policies?

Kenneth

Syracuse, NY

In general, car insurance companies only write six-month policies in order for them to easily adjust premiums. Aside from the fact that New York is one of the states where car insurance is considered as expensive, six-month policies are issued in order to control cancellations, prevent fraud and adjust the policies of the “bad drivers” so that the “good drivers” can get the premium break that they deserve.

By paying a premium to your insurance company, they agree to indemnify you or put you back to the financial status you were previously at prior to filing a claim within the limits you have selected. For example, if you hit someone, your insurance company will not only take care of the damage you owe to the other party’s car, to the injuries he sustained, but also to the damage of your car, and your injuries. Assuming you have all the coverages needed at the limits needed, your Syracuse New York insurance company pays for all these so you are at the same financial status you were prior to the accident.

With the above example, the money you pay in premium reflects the possibility of a future claim, not claims already paid. Your insurance company must predict how much money will be paid on average for the next policy term for a pool of risk. Since it is almost impossible to predict how much will be paid in claims for a period longer than six months, insurance companies would not want to charge too much or too little. For this reason, insurance companies need to be as accurate as possible.

I have a leased a vehicle and it is covered by auto insurance. If I let my daughter or son, who are over twenty five drive the vehicle, are they covered?

Janet

Plymouth, MN

Whether you own your vehicle or have a lease or a loan on it, to check if your children are covered by your current auto insurance policy you will need to read through your insurance policy and check with your insurance carrier.

If your daughter or/an son reside in your household then an insurance carrier would normally require them to be on your insurance policy to be properly covered. If they reside outside of your residence and drive your vehicle with permission, just as a friend might, then they are likely covered under your insurance policy. Some insurance policies have exclusions so that is why it is always good to verify with insurance carrier before permitting anyone that is not listed on the insurance policy to drive your car.

Since this is a leased vehicle you may also want to read over the terms and conditions of your lease to make sure there are no restrictions about who drives your car. If you are not sure after reading over the leasing paperworks then verify with your car’s leasing company to find out if your daughter and son are permitted to drive your leased car.

Does New York state law allow married couples to have separate auto insurance policies?

Brooke

Yonkers, NY

It is your option to have separate auto insurance policies, but most of the time; it is cheaper to be on the same policy. A New York insurance company will ask questions of you being married or if there are other licensed operators in your household as a basis in calculating your premium rates.

If you and your spouse have separate auto insurance coverage, you may want to do a cost/benefit analysis of each plan to see if you should continue to keep your auto coverage separate. For example, if your spouse’s auto insurance policy has a higher deductible and/or co-payments or fewer benefits than those offered by your plan, he or she may want to join your auto insurance plan instead. You may also want to compare the rate for one family plan against the cost of two single plans.

It is also advisable for you to examine your auto insurance coverage too. If you and your spouse own separate cars, consider pooling your auto insurance policies with one company. Many car insurance companies will give you a discount if you insure more than one car with them. If one of you has a poor driving record, make sure that changing companies won’t mean paying a higher premium.

One of the reason why people are required to have an insurance on the vehicle is because this should cover the damages that they may incur to others in case of accidents which is very essential since damages to others can be very expensive.

The type of insurance is decided and a choice of the owner. the insurance company will cover the damages if its the policy owners fault, the vehicle of the policy holder if theres any kind of problem in the vehicle, etc.

There are cases when a policy can cover theft or fire damages that may happen to the vehicle. There are different car insuranc policy a person can get. each individual companies have different auto insurance rates that is being paid by the policy holder. The rates for insurance are represented monthly, bi-annual or annual rates that the policy holder needs to pay to insure their cars. These are also based on different factors depending on some specific qualities of the person trying to purchase an auto insurance.

Theres a lot of websites you can visit to check for auto insurance agencies which can offer you low auto insurance rates to individuals that invest in their company by buying car insurance from them. Customer service is also very important. if they think their insurance company is not helping them in any way, its best to consider switching to a different company who will be more accommodating.

Goodluck!

-MariCAR

I graduated from college last May, and no that I am out it is time to start repaying my loans. I was thinking about it, and with all of my new bills and stil not having a god job yet, I don’t think I can afford to pay for car insurance. I’ve never needed it before, except when getting my vehicle inspected, so will it be okay if I just cancel it for a bit while I get on my feet?

Marta

I’m glad you asked, Martha.

Since you are a recent college graduated, you may be able to take away the brunt of your car insurance premium by looking into discounts and seeing which kinds you qualify for and getting quotes from different car insurance companies. If you have a bachelor’s degree in a science or math field, there are a couple of companies out there that will give you discounts for this. Also, you should join an alumni organization because these sometimes offer you various ways to get deals and discounts.

Car insurance after graduating from college can be hard, I’m sure. The thing to think about, thogh, is that you can look forward to the future because you are only a couple years away, most likely, from getting the lower over the age of twenty five car insurance rates. In the meantime, though, your bills are overwhelming and the job market does not look welcoming. But in all this stress, I want you to sit back down and think for second. What would happen if you were to get into a car accident and not have car insurance, and you were the person that cause that car accident? You think you have debt now? What about when someone sues you for a hundred thousand dollars because they injured themselves in a car accident that you caused and you didn’t have the car insurance policy to provide for their needs?

What about if you get pulled over by a police officer and your license gets suspended for driving without insurance? In that case, you will not be able to make it to work or drive around looking for a better job. Whichever way you look at it, ducking under car insurance law is not a good financial decision. It would be better for you to just continue eating ramen until your situation improves, so that you can afford coverage.

Stil, do everything you can to get you rates down. Raise your deductible, get discounts, get safety features. Shop around for cheap online car insurance quotes. Do everything you can.

Cheers,

Fashun Guadarrama.