Posts Tagged ‘online auto insurance’

Insurance for Recreational Vehicles

Friday, June 12th, 2009

When you’re shopping for online auto insurance, you may also want to look for some cheap online insurance quotes for your recreational vehicle, whether it’s an ATV, snowmobile, or dune buggy. Insuring recreational vehicles is a little different than insuring your street car. Here are the main considerations to keep in mind when you’re shopping around for cheap online insurance quotes:

Types of insurance: Remember, your car insurance policy will not typically cover your recreational vehicle, so you need to obtain separate coverage. Some of the types of coverage you may want to get are: collision (this will cover damage to your vehicle caused by impacts from other recreational vehicles, rocks, and other objects); comprehensive (this will cover your costs if the vehicle is stolen or damaged by fire); bodily injury (if you cause an accident, this type of coverage will cover the other person’s medical expenses); uninsured motorist (this is a very important type to have since many ATV riders are uninsured or underinsured).

Discounts: Like when you’re shopping for online auto insurance, there are ways to get discounts on the premiums you will have to pay to insure your recreational vehicle. You can often get a cut on rates if you’re a member of certain riding associations. If you have numerous recreational vehicles you need to insure, you may get a discount. Finally, taking some safety courses can help you get cheap online insurance quotes, lower your premiums, and keep you safer while you’re exploring the forests and riding trails.

Will Personal Bankruptcy Affect My Auto Insurance Rate?

Thursday, November 20th, 2008

Will personal bankruptcy affect your auto insurance rate? The quick answer is yes. If you file for chapter 7 or chapter 13 bankruptcy, you will likely have to pay higher auto insurance premiums. But the amount of the increase will depend on the car insurance company and your personal situation.

If you currently have cheap auto insurance and you declare bankruptcy, your premium will not suddenly skyrocket. The auto insurance company will be unaware of your bankruptcy, unless you request a review of your policy or if you buy a new car. So, you obviously don’t want to volunteer the information to your auto insurance company, or give them any reason to review your policy. You should wait as long as possible before purchasing a new car or requesting a policy review, so your rates don’t go up sooner than they have to.

The only way the bankruptcy will affect your rates is when you actually do shop for auto insurance quotes. The bankruptcy will appear on your credit report, and therefore result in a higher auto insurance quote than if you had good credit.

But, good credit is not the only determining factor when getting an auto insurance quote. Other factors such as driving history, type of car, where you live, etc. weigh just as heavily. So, while the bankruptcy will have an affect, it will not be the only variable. Its also important to note that car insurance companies are also not allowed to deny you insurance because of a bankruptcy.

The best advice is to hold on to your old car and continue with your current policy as long as possible.