Car Insurance Encyclopedia

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How long do you have to transfer car insurance?

Before you buy a new car, you need to make arrangements with your insurance company to have the car added to your coverage. If you are selling or trading in your current car, you will also let your auto insurance agent know that you no longer need coverage for that vehicle. You can accomplish this by...

Before you buy a new car, you need to make arrangements with...

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Does a co-signer have to be on the car insurance policy?

You probably already know that having valid auto insurance is required for you to legally drive. If you have a car loan, your bank may also require you to carry comprehensive and collision insurance with small deductibles. They want to protect their investment. Some may also require GAP insurance to cover the gap between your...

You probably already know that having valid auto insurance i...

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Do I have to pay upfront for car insurance?Post

Do I have to pay upfront for car insurance?

There is usually a desire among consumers in the auto insurance industry to be able to get a policy where they do not have to pay for a portion of it, or all of it in some instances, upfront. Though this desire may exist, the vast majority of consumers are generally unaware of the different...

There is usually a desire among consumers in the auto insura...

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Can my car be parked on the road without insurance?

The only thing worse than coming out to your vehicle to find a parking ticket on your windshield is coming out to discover that your vehicle has been towed or hit when you weren’t looking. Unfortunately, a lot of things happen to parked cars every year. Even if you park on the side in a...

The only thing worse than coming out to your vehicle to find...

Can married couples have separate car insurance?Post

Can married couples have separate car insurance?

When you are considering whether you should get a separate auto insurance policy if you have a spouse, the main determination is typically price. While it is often less expensive to insure a married couple under the same policy, separate auto insurance policies make sense if one driver has an exceptionally poor driving record. Before...

When you are considering whether you should get a separate a...

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Do you need medical payments on your car insurance?

Auto insurance is often thought of as a product that protects you from litigation when someone is injured in an accident. While this is the core purpose of any basic auto insurance policy, vehicle owners can purchase more than just third-party benefits and coverage for their vehicle. If you’re in the process of shopping around...

Auto insurance is often thought of as a product that protect...

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What is “business use” car insurance?

Do you use your car for personal use, business use, or a mix of the two? How you answer this question will determine the type of insurance you need for your car, and it will affect the price of your auto insurance policy. To get started in the process of choosing the right policy for...

Do you use your car for personal use, business use, or a mix...

How can I find out my car insurance company?Post

How can I find out my car insurance company?

The car insurance that you have is not always something that you pay a great deal of attention to annually, for better or for worse. There are plenty of times, though, when you simply need to know who your car insurance company actually is so that you can report it properly.Read More: What does car...

The car insurance that you have is not always something that...

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What’s considered a sports car for insurance purposes?

As you shop for a new car, the insurance rates on it may be the last thing on your mind. However, you should take the time to consider what’s considered a sports car for insurance purposes. What do car insurance companies look at when deciding if a car is a sports car? What is considered...

As you shop for a new car, the insurance rates on it may be ...

What year did car insurance become mandatory?Post

What year did car insurance become mandatory?

The history of car insurance dates back a long time. Ships hundreds of years ago were insured for losses from storms by maritime insurance policies. In the late 1800’s insurance became available for a driver of a horse and buggy. As the automobile became more popular the use of wagons and buggies dropped with insurance...

The history of car insurance dates back a long time. Ships h...

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What is a policy number for car insurance?

When you buy coverage, you’ll receive a thick packet of documents that details your rights, the terms and conditions of your policy, and your coverage limits. Each document that pertains specifically to you and your coverage will have your name and your policy number. (For more information, read our “How long should I keep car...

When you buy coverage, you’ll receive a thick packet o...

What insurance do you need to be able to drive any car?Post

What insurance do you need to be able to drive any car?

When you earn your license, you aren’t obligated to buy a vehicle right away. As soon as your license is issued, you are granted the privilege to drive any private passenger vehicle as long as the vehicle owner gives you permission. That’s why you don’t have to be in a rush to buy a car...

When you earn your license, you aren’t obligated to bu...

Does my teenager have to have insurance to drive my car?Post

Does my teenager have to have insurance to drive my car?

It’s a scary thought to think of your teen getting behind the wheel. While it’s truly something you want to avoid for as long as possible, having a teen driver in the household comes with benefits. Not only can you spend less time chauffeuring your kid around, you can also send them on errands that...

It’s a scary thought to think of your teen getting beh...

Does getting a car insurance quote lower my credit score?Post

Does getting a car insurance quote lower my credit score?

It is common knowledge that you will have your credit checked when applying for a car loan, mortgage, or another type of credit line. However, many consumers and drivers are a bit taken aback to learn that, in most cases, when they apply for car insurance their credit report is accessed. Upon learning this news,...

It is common knowledge that you will have your credit checke...

Do you need a drivers license to get car insurance?Post

Do you need a drivers license to get car insurance?

 In most cases, if you do not have a drivers license, it is virtually impossible to obtain car insurance. In fact, if you do not have a drivers license, you cannot legally drive a car. So that means you have no need for car insurance, right? Well, not exactly. This is why a few exceptions...

 In most cases, if you do not have a drivers license, it is...

What is a $500 deductible in car insurance?Post

What is a $500 deductible in car insurance?

Start comparing car insurance rates now by using our FREE quote tool above! When you buy insurance, you’re passing on the burden of paying for losses to a large and wealthy insurance company. While you might think that the entire burden is transferred, you’ll actually be asked to share some of the risk if you...

Start comparing car insurance rates now by using our FREE qu...

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Is my Canadian car insurance valid in the U.S.? [2024 Update]

If you’re planning on going down south for weeks or a more extended period of time, it’s important that you plan ahead to ensure your holiday goes as smoothly as possible. Most people assume that their Canadian auto insurance is only valid throughout the country of origin. While the coverage won’t protect you when you...

If you’re planning on going down south for weeks or a ...

Do car insurance and registration address have to match?Post

Do car insurance and registration address have to match?

When it comes to car insurance 101, there are a lot of requirements to owning, insuring, and driving a car. Do your car insurance and registration address have to match? Is it possible to have car registration and insurance at different addresses? Although the answer is yes, appropriate documentation of your legal ability to drive,...

When it comes to car insurance 101, there are a lot of requi...

What should I do if I can’t afford car insurance?Post

What should I do if I can’t afford car insurance?

What happens if you compare car insurance prices online and fail to find a policy that you can afford? The standard advice, in this case, is to drop down to basic liability that barely meets the legal requirements for your state. Since these policies offer you no protection for your own medical and property-loss expenses...

What happens if you compare car insurance prices online and ...

Do I have a grace period on car insurance?Post

Do I have a grace period on car insurance?

Most states don’t require insurance companies to offer grace periods for auto policies. Some insurance companies do offer grace periods even when they aren’t legally obligated. If your insurance carrier allows you to change the due date for your policy whenever you want, try to move the date if you can’t make the payment on...

Most states don’t require insurance companies to offer...

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