OEM parts: something to consider
Posted by editor
There are some insurance companies that are very strict when it comes to auto parts; however, there are some that cover cars even though their engines (or other parts for that matter) do not have OEM parts (original equipment manufacturer). You need to review your auto insurance at least twice just to make sure. If your budget is ok with having a car that has OEM parts in it, then by all means, settle for the car insurance that only allows OEM. Otherwise, it is best if you go for the other. You might end up with an uninsured car if you persist.
Towing
Posted by editor
Your car overheated or you ran out of gas? Call a tow truck to get your vehicle moving. Don’t worry, because the towing service is probably under your auto insurance policy. Car towing coverage is also known as Roadside Assistance coverage. Conventionally, car insurance companies have decided to only compensate for the cost of the tow that is in connection with the accident that is covered by the car insurance policy. At first, insurance policies didn’t cover for non-accidental related towing such as: mechanical break downs, gas outages or a flat tire. Nowadays, even non-accidental towing situations are covered by the car insurance policies.
Car Insurance in the US
Posted by editor
In the US, car insurance is required in majority of states; however implementation of the constraint differs from state to state. In the state of New Hamsphire, they do not call for motorists to obtain liability insurance on the other hand, in the state of Virginia, residents must pay an annual fee of $500 per vehicle if they opt not to hold onto a liability insurance. Consequences for not availing car insurance contrasts to other states but more often than not involve a significant fine, license and/or registration suspension or revocation, and on top of that, a probable jail time in some states.
Tips on How to Lower Car Insurance Premiums
Posted by Robert
Car insurance premium too high? Although the auto premiums dropped last year by 1% sine 1999, it’s still not enough considering the skyrocketing oil prices at the gas stations. Setting the premiums down can save a lot of money to buy for essential items.
We’ve found an article from Wall Street Journal that spells out some tips on how to lower that. Here are some tips on how to lower those premiums.
- Shop once a year: If you’re working with an insurance agent, he adds, ask him to match online price quotes, which are typically lower.
- Fees up: Late credit card payments and where you park your car can now boost your price.
- Pay for what you use: Good news for second cars: Some companies now offer pay-as-you-go insurance, tied to how many miles a car-mounted Global Positioning System says a vehicle drives each year.