Auto Insurance Questions

Acquiring an auto insurance policy is a vital aspect of a car owner’s responsibility. In some states, auto insurance is mandated by law for financial support toward the driver, the passengers and the vehicle as well. Here are frequently asked questions about Auto Insurance.

Should I file a claim for another insurer even if the accident’s not my fault?
What will happen if damages incurred is above the amount estimated?
What’s the worth of my car today?
Should a police report be filed for my existent claim to get covered?
Are authentic automobile parts used in repairing my car?
Should I insure my old car?
If I use a friend’s car and an accident happens, whose insurance will cover it?
What are collision and comprehensive liabilities?
Where should I liquidate my deductibles?
When will I receive proceeds from my claim?
What could effect my car insurance premium?
Will my premium increase if I have an accident or ticket?

Should I file a claim for another insurer even if the accident’s not my fault?
This is useful when avoiding any unnecessary expenses on your party. These expenses include deductibility cost and rental—providing rental coverage is not offered on the policy you are under.

What will happen if damages incurred is above the amount estimated?
Your insurance company will be contacted and if the cost of reparation for your vehicle is more than the amount that the insurance company can cover, then you will be asked to pay for the balance.

What’s the worth of my car today?
Your insurance provider uses a database of all vehicles sold in your area to determine the worth of your vehicle. This may differ in some states.

Should a police report be filed for my existent claim to get covered?
For you claim to be recognized, investigations will be done by the insurance company. If your vehicle was stolen, you have to file a police report.

Are authentic automobile parts used in repairing my car?
Refurbished parts are usually used but providers guarantee the insured that it is high in quality and warranty is offered so long as the car is under your ownership. However, if insurance companies are unable to scout for good quality after-market parts, original parts are used instead.

Should I insure my old car?
In some states like California, acquiring an auto insurance is mandatory. However, you can choose the coverage that suits you best. Purchasing property damage coverage is not necessary for old vehicles because the total cost of repairs might be more than the worth of the car as a whole.

If I use a friend’s car and an accident happens, whose insurance will cover it?
The vehicle’s insurance comes first, and driver’s insurance runs second. So your friend’s insurance will cover the damages on the vehicle while your insurance will cover any injuries you might have.

What are collision and comprehensive liabilities?
The collision liability covers damage done to your car when it crashes into another vehicle or if another vehicle or object hits it. The comprehensive liability policy covers perils like car napping, flood, vandalism, or fire.

Where should I liquidate my deductibles?
When work on your damaged vehicle is finished and the results are satisfying, you can direct your deductibles to the body shop.

When will I receive proceeds from my claim?
This differs depending on your car insurance carrier and the complexity of the case. Generally speaking, you will be compensated in a timely manner once your claim is reviewed and filed.

What could effect my car insurance premium?
These are the factors that can affect your car insurance rating: annual mileage, driving record and years of driving. In addition, vehicle type, vehicle usage, marital status and residence are also being considered. Married folks have lower accident rates thus their premiums are low as well. Some insurance companies give multi-line discounts. So if you insure your home or boat as well as your vehicle then chances are this will make your premium lower.

Will my premium increase if I have an accident or ticket?
It depends on your driving history and auto insurance carrier. There are a few providers that have accident-forgiveness but again it depends on your accident history.