Monday, October 5th, 2009 at
low auto insurance rate Andy Jekins: My car insurance bill was due about 3 weeks ago, but I didn’t pay for it yet. Will anything happen? Will they tow my car or will they just make me pay an extra fee?
Some insurance give you a 30 day grace period and then send you a cancellation notice. The notice is usually 10 days before the cancellation date. Very few carriers actually cancel the policy one day after the due date.
In many states, there are strict laws concerning lapsed insurance. In Georgia, if policy is cancelled the Dept. of Motor Vehicles is notfied after 10 days and will be fined. If it is your first offense, just pay your insurer to reinstate your policy. If it is a second offense, the fine is bigger. If you donot pay the second fine your license will be suspended and your registration revoked.
If your vehicle is financed, your lein holder can force insurance on you.
Now, the worst thing that can happen is if you have an accident without insurance , hurt or kill someone or damage a property the liablity can be very high. You will loose all your assets and the cost of the legal matters could be very high. You might be put behind the bars for not being able to pay or for the offence of being a reckless driver without any insurance. The consequences can be very bad.
Presently in USA 1 driver out of every six drivers is driving uninsured and the insurance companies are planning to have an extra fine for being without insurance and hence your insurance premium could also be very high in the future. Imagine hurting someone you love in an accident and not getting the money for their medical expenses.
Honestly, this is a very irriational step or even a thought. Please instead compare auto insurance quote online at compare auto insurance quote 411 and you will be amazed at the low auto insurance premiums available. These are free online car insurance quotes.
Compare auto insurance quotes
Friday, July 17th, 2009 at
Compare car insurance Leena: Why has “no fualt” been introduced?
Response: No fault has been introduced in the Unted States in 13 of the states. However, the threshold of the no fualt is very low at present and is onl $500/- in some states. Also there is no state in the great nation that offer “pure” no fault insurance. The thirteen states that claim to have “no fualt” insurance im allow you to sue at some monetary or verbal threshold. These “modified” no fault plans are better but still leave a lot to be desired in order to accomplish the pure no fault.
Let me explain example, if you are in an accident and you state has a $2000 monetary threshold on you medical bills before you can obtain the right to sue. If you actual medical bills were $1750/-there is nothing stopping you from visiting the doctor again. You can order some more expensive tests and exceeding the limit, and than sue for thousands in pain and suffering. But remember that now some states allow you to sue for pain and suffering only if you are seriously injured.
The reason we need no fault:
1. quicker, more efficient payment of claims,
2. currently we receive around 13 cent of our premium dollar back on actual medical expenses and lost wages,
3. After an accident people can concentrate on rehabitalation and not pretend to be injured to get higher awards.
4. lower insurance rates,
5. less expense on lawyers,
6. no longer have to supplement for uninsured motorists and
7. stop insurance companies from overpaying small claims because of the threat of litigation .
I am sure now you have understood this a little better.
Low auto insurance rates
Thursday, June 18th, 2009 at
low auto insurance rate Reader : What are the best liability policy limits? How do I reveiw car insurance coverage to get best auto insurance limits?
Review car insurance coverage for auto insurance limits. Frank New York
This is a very interesting question. When you want to know whether you have the optimum auto insurance limits, you will have to review car insurance coverage and compare auto insurance quotes. These are the two biggest tools that will help you save $, your hard earned money. There are certain liability limits which mandatory limits are fixed by the state. The minimum limits of New York limits are sometimes together referred to as “$25,000/$50,000/$10,000” or “25/50/10 “. Most of the insurance agents would advise that the minimum policy limits for car insurance liability are not sufficient. The normal rule of the thumb adapted by the agents and insurance professionals for the average driver is 100/300/100. This means that:
- 100,000 per person for bodily injury
- 300,000 per accident for bodily injury
- 100,000 per accident for property damage
When deciding on the limits since the medical treatment cost is fairly same, the last limit of property damage would be best for a person who is not an average driver. Property damage is damage t the other car or landscape. This portion of liability would vary from place to place and depending upon the property damaged.
It is interesting to note that the courts sometimes award very high amounts of liability costs. Please consider carefully your own and your families driving skills and financial stability before deciding on the auto insurance. Review car insurance coverage and compare auto insurance quotes and save money.
Good question. Thanks.
Best wishes.
Kamlesh
Related Blogs
Compare auto insurance quotes
