Myth 1 – Red Cars Cost More to Insure Color is irrelevant. Speedsters may be inclined to purchase flashy red cars, but color is not a reliable metric for determining auto rates. Other vehicle characteristics do though count, such as car makemodel, body type, engine size and the age of the vehicle, as well as...
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Good News, Bad News about Car Theft
Even though car thefts are going down, car thieves are becoming more cunning. Car thieves are ingenious, always devising new ways to break into your car — and steal it. Their tactics include acquiring smart keys, which eliminates hot-wiring to steal cars; switching vehicle identification numbers; and using stolen identities to secure loans for expensive...
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Five Practical Tips for Buying the Right Car Insurance at the Right Price
If you need insurance for a new car or you’ve been routinely renewing your car insurance with the same coverage and limits every year, it makes sense to evaluate your options before buying or renewing. Here are five practical tips: 1. When a car is new, you will likely want collision...
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Even Junker Cars Need Insurance
Nearly every state requires an owner of a registered automobile — even if it’s a junker — to have a minimum amount of coverage if it’s being driven. The three main types of coverage that most states require owners of registered vehicles to carry are bodily injury liability, property damage liability and uninsured motorists coverage....
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How Much Do Speeding Tickets Cost?
Speeding tickets cost you a lot more than you think. Every year, about 41 million Americans, or one-fifth of drivers, get them. Speeding tickets cost drivers more than $6.2 billion in fines, according the U.S. Highway Patrol. Speeding tickets are big business, too. StatisticBrain.com reports that the average annual speeding ticket revenue per U.S. police...
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Fight Back Against Car Theft
A motor vehicle is stolen every 45 seconds in the United States. And that’s the good news—five years ago, a vehicle was stolen every 33 seconds. Nearly half (45 percent) of stolen vehicles are never recovered. It’s not just your vehicle — thieves want the parts, too. Vehicle thieves can strip a vehicle in less...
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Teen Driver Safety Tips
Teen drivers are four times more likely to be involved in a fatal car crash than an adult, found a study by The Children’s Hospital of Philadelphia and State Farm Insurance Companies. Parents can do several things to help keep their teenagers safe behind the wheel. Here are a few teen driver safety tips: Coach...
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High Risk Driver Auto Insurance Options
Shopping for auto insurance can be difficult if you’re lucky enough to have a fancy sports car in the garage — or unlucky enough to have an accident or speeding ticket on your driving record. Although anything out of the ordinary can make it harder to qualify for a standard or preferred-rate auto insurance policy...
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Car Insurance Policy Basics
People buy auto insurance for two important reasons: to protect their car and to protect their finances. All 50 states and the District of Columbia require automobile owners to meet certain financial responsibility requirements. These requirements help ensure that funds will be available to reimburse victims of auto accidents if another driver damages their car...
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Motorcycle Insurance and Insuring Other Two-Wheeled Motor Vehicles
Motorcycle, moped, motorized bike, “pocket bike,” scooter — what distinguishes them, and what do you need to know to operate them legally? Do you need a special motorcycle insurance policy? In the United States, no universal or official definition exists for these vehicles. States govern vehicle registrations and insurance, so definitions and requirements for licensing,...
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