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Do you know how to Avoid Costly Speeding Tickets?

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Getting speeding tickets can be a costly and generally unpleasant experience, not only in terms of the immediate fine but also in the long-term impact on your insurance rates and driving record. According to the National Highway Traffic Safety Administration (NHTSA), speeding is a significant factor in traffic accidents, contributing to about 26% of all traffic fatalities. Therefore, avoiding speeding tickets is not just about saving money; it’s also about ensuring your safety and the safety of others on the road. Here’s a comprehensive guide to help you avoid costly speeding tickets. Do you know how to Avoid Costly Speeding Tickets?   1. Understand Speed Limits Know the Limits : Don’t forget being ignorant of the law does not immune you to it. It is your responsibility as the driver to be aware of the posted speed limits in the area where you are driving. Speed limits can vary significantly between different roads, cities, and states. For example, residential areas typically hav...

What Does It Mean to Buy a Car with a Branded Title?

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  If you are in the market for a preowned vehicle there are a few things you must know before diving headfirst into the   used car market . One of the most critical pieces of information about any vehicle has to do with its   title status   and history. A vehicle's title history provides a detailed information about the car, including any significant   damage, repairs,   liens , sale events   amongst other valuable details. However, the main point that sets cars apart are clean and branded titles. Understanding the difference between a clean title and a branded title is essential for making an informed decision.   Car with a Branded Title     Do you know the implications of buying a car with a branded title? Things are not as simple as they may appear. Comparing a branded car with a clean   title vehicle   of the same year, make, model and   mileage   is like comparing apples to oranges. We can help familiarize you wi...

What are the risks and benefits of purchasing a vehicle through a lien sale?

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  In this article we are going to identify all the potential Risks and Benefits of buying a pre-owned vehicle without a title through a process of a lien sale.   What is a Lien Sale?   To better understand the   lien sale   process, it is important that we clearly identify what occurs when a lien is placed on a vehicle. There are multiple types of liens. A lien is often placed on the vehicle by banks and lenders when an outstanding loan is pending on the vehicle. In cases of mechanic’s liens, it is usually related to an unpaid debt that is uncured through the process of vehicle repair, storage or towing. When the debt goes unpaid the business may place a lien on such vehicle to recover the debt.  The lien holder retains the legal claim to the vehicles ownership until the loan is fully paid off or the vehicle is sold. In some cases, the lien holder might not have the title because it is held by the vehicle owner creating a bit of a dilemma for the new buyer....

What are the most expensive cars to insure?

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  When it comes to car insurance , not all vehicles are created equal. Some cars may not just be expensive to purchase but also come with significantly higher insurance premiums. This is mainly due to factors like higher values, high replacement part costs, high repair costs, safety features, limited production, high performance, new technology, advanced features and insurance designated loss risk ratings. Insurance companies use a variety of loss risk factors to determine the risk value of a vehicle. This process involves a detailed analysis of historical data such as accident rate per year make and model of the vehicles , average loss payout as well as specific vehicle characteristics. The insurance companies have advanced systems of calculating risk based on past claims, so they use all of the tools and data at their disposal to predict the likeliness of loss on each and every year, make and model vehicle. Expensive cars to insure   If you’re in the market for a new car, it...

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...