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Showing posts with the label Car insurance

What is a Total Loss Vehicle?

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  A vehicle is considered a total loss when it undergoes significant damage due to various events such as collisions, storms, fires, thefts and other types of catastrophic damage. Typically, a vehicle is declared a total loss by the insurance company when the vehicle is damaged to the point where the cost of repairs exceeds the vehicle’s value. But what exactly does this mean and what are the implications for the vehicle’s owner and potential buyers? Total Loss Vehicle   How is a Total Loss Vehicle Determined? The process of determining whether a vehicle is a total loss typically involves an inspection by the insurance company’s adjuster alongside the auto body repair shop. The adjuster will assess the damage to the vehicle and estimate the cost of repairs based on the replacement part costs, repair time, storage fees and repair related materials such as paint and primer. If the cost of repairs exceeds the vehicle’s value, the vehicle will be declared a total loss. At which ti...

Why is my car insurance rate increasing?

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  Auto insurance plays a role in owning a vehicle, offering security in case of   accidents , theft and unexpected situations. However, many drivers are facing a hike in their auto insurance costs causing frustration and financial challenges. Having insight into the factors influencing these increases can assist policy holders in navigating the situation and making well informed choices regarding their insurance.                                                                                  car insurance     Auto insurance policies   typically provide types of coverage such as liability, collision, comprehensive, personal injury protection and underinsured motorist coverage. These coverages shield drivers from liabilit...

Essential Considerations for Post-Collision Vehicle Repairs

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Before we start bashing on various unfortunate collision repair industry practices, we want to make it clear that we are people in the   automotive   industry and we want to make you aware that not all businesses are made the same. Some reputable shops may go above and beyond not only to do a quality job but also to make sure all components that need to be replaced as part of the collision repair are replaced with high quality parts. However, it is important to understand that not all of the shortcomings of the collision repair industry can be blamed on irreputable operators. There are a multitude of factors that may be at play. These factors that may have a great impact on the   vehicle repair   quality, out of pocket cost as well as the total amount of time it takes to restore the vehicle to its prior pre-collision condition. Essential Considerations for Post-Collision Vehicle Repairs Having had personal experience in the auto body industry I have witnessed some of...

2 factors you must consider before registering and insuring your next car

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  As with most things, car ownership in the U.S. has become more expensive. Beyond the car prices there are a multitude of factors contributing to rising car ownership costs. Among these are the often-hefty costs associated with registering and insuring a vehicle. For many Americans, these expenses can pose significant financial strain and require careful budgeting to manage effectively. According to data from the   Insurance Information Institute , the average annual cost of car insurance in the US was $1,202 in 2019, while registration fees vary widely by state but can range from under $50 to several hundred dollars per year. 2 factors you must consider before registering and insuring your next car We have compiled the top three factors contributing to increased registration and insurance costs along with strategies for navigating potential pitfalls caused by uninformed decisions.   Factors that influence Car Insurance rates: Car insurance is not only a legal requiremen...

Tips on Shopping for Car Insurance

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  Tips on Shopping for Car Insurance Car insurance   is required to defend you financially while driving. Whether you have basic liability insurance or comprehensive vehicle coverage, it's critical to shop around to get the best rate. Are you looking for a way to save money on your auto insurance? Of course, you are, as all drivers are. But finding the right rate and the right plan is harder and harder as more and more options become available.   Every driver's car insurance rates vary based on the state they live in, the insurance company they choose, and the type of coverage they have. However, knowing what the average driver spends on auto insurance might help you save money. Did you know that most people spend a little under $1,200 on car insurance? And over the last few years, the price of car insurance premiums rose nearly 30%. To shop for the best insurance quote visit the  best match quote  page.    Looking at those numbers, you ...