Automobile accidents seem to be increasing day by day. Individual state entities are spending a huge sum of money to create awareness in people to abide by traffic rules and regulations, as well as promoting safety precautions, such as wearing helmets. It is roughly estimated that 1.3 million people die every year in road accidents and more than half of them are young adults … [Read more...] about 5 Frequently Asked Question on Car Accident Claims
Understanding the Correlation Between Gender and Car Insurance Rates
It is well known that despite measures being taken to close the societal gender gap, gender inequality still prevails. According to several studies, women still get paid less as compared to their male counterparts yet have to pay more for a range of products and services ranging from clothing to getting a haircut. This retail phenomenon, which is known as “pink tax” has also … [Read more...] about Understanding the Correlation Between Gender and Car Insurance Rates
3 Tips for Millennials Looking for Auto Insurance
There are more cars on today's roads than ever before. In 2016 alone, global car sales reached a record of 88 million vehicles and 73 million vehicles were produced worldwide in 2017. But with vehicle ownership also comes the responsibility of investing in car insurance. For millennials, navigating the world of car insurance for the first time can be daunting. This is … [Read more...] about 3 Tips for Millennials Looking for Auto Insurance
Why GAP Insurance is a Smart Purchase for a New Car
If you have recently purchased a new car then you should seriously consider purchasing GAP insurance. This is an optional insurance policy which covers the shortfall between the insurer’s payout and the original amount paid or amount outstanding on the finance agreement if the vehicle were to be written off. Due to depreciation (which is much faster when a car is new), this … [Read more...] about Why GAP Insurance is a Smart Purchase for a New Car
Which Factors Affect Car Insurance Cost?
The cost of your car insurance is generally affected by three major factors, as the driver, the vehicle, and the insurance company. Driver-Related Factors Insurance companies collect personal information of every driver using the driver license number, address, birth date and social security number before they calculate the insurance cost. Age of driver: Age of the … [Read more...] about Which Factors Affect Car Insurance Cost?