Changing Auto Insurance Companies before Current Policy Expires
There are many consumers unsatisfied with their current auto insurance companies for a variety of reasons. Some feel they’re overpaying, have had a bad experience with customer service, or feel they have been treated unfairly when they made a claim.
Although unsatisfied, many consumers feel they’re stuck with their current auto insurance company until the policy expires. What they don’t realize is that auto insurance is not a contract and can be cancelled at any time.
Many questions that arise include: “Is auto insurance a contract, what happens if I cancel?” or “Will I be sent to collections if I cancel my policy?” The answer to the first question is NO. Auto insurance is not a contract; however, policyholders must be aware that there is the possibility that there may be an amount due after cancellation. This can be due to either unpaid earned premium, cancellation fees (range in the area of $15-$50), or policy fees (usually range from $10-$40).
Many believe that whatever months are left in…
How Vehicle Use affects Car Insurance
There are multiple types of vehicle use classifications when it comes to car insurance. Insurers take vehicle use into consideration for determining premiums and even eligibility for coverage. Vehicle use is classified by the employment of the person(s) driving it or even the type of vehicle. For example, a commercial vehicle such as a dump truck will automatically be listed with commercial use and cannot be listed as personal use.
Following are the different types of vehicle use classifications:
- Personal or Pleasure - This type of use is for vehicles which are not used for commute to and from work or school and are used solely for pleasure or personal use such as driving to the store. Also excess household vehicles are classified as pleasure use and usually can be listed with low mileage.
- Commute - This type of use is for vehicles used to drive to and from work or school but not for occupations that require the use of the vehicle during work. This type of use is the most common use and does not have a surcharged premium.
- Business - This type of use will generally have a bit of a surcharge and is for vehicles used during work but not to carry tools or material. One example is…
Car Insurance Comparison Site
Those who have embraced the Internet as a tool for their daily duties have unlocked unmatched convenience and efficiency for day to day tasks. For example, by visiting a car insurance comparison site, one can compare rates minutes which use to take a big portion of one’s day.
Picture yourself wanting to compare a few different auto insurance companies by price, quality, brand, financial strength and other factors. Before there were comparison sites, one would have to call around place to place and repeat the same process throughout the day.
Where would you begin? Calling form the phone book, or calling each time you saw a TV commercial? Thankfully, today that process in not necessary because of websites offering the ability to complete one form vs. multiple forms and instantly compare multiple rates without any hassles or obligations.
One such site is OnlineAutoInsurance.com where one can compare..