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Comprehensive Car Insurance Quote

As the title would suggest, fully comprehensive car insurance is the highest level of cover you can get for your vehicle. However, that doesn't necessarily mean that it is the best option for everybody.

With added cover comes extra cost. Your comprehensive car insurance policy will include a lot more than basic third party cover. This might include legal costs, breakdown recovery, windscreen cover and all repairs. Essentially, it is a policy that should cover just about any eventuality a car owner could face - albeit with an excess on top.

However, if you're looking to buy on a budget, then comprehensive cover might prove to be a little out of reach. This is particularly true for anybody who has made a claim recently, has got driving convictions against them or is a relatively new driver. All of these will count against you when an insurer compiles a risk assessment, this will then be converted into added cost when you get a quote.

If you find that you are being priced out of comprehensive car insurance don't panic. There are other options available to you.

For instance, the most basic form of cover is third party insurance. This will usually be significantly cheaper and for good reason too. Third party is so named because it simply covers other vehicles in the event that you are involved in a collision with them. Therefore you are solely responsible for your car and any repairs it may require.

Clearly third party car insurance won't suit everybody though. If you've got an expensive sports car or prized classic, you don't want to be left footing the bill if you have a scrape. When it could end up costing you thousands of pounds in repairs or to replace your vehicle in the event of a complete write off, comprehensive car insurance is really the only option.

The policy amount is increased for a reason. Because you pay more annually, you are covered against far more eventualities. Therefore if you have a tyre blowout on the motorway and end up on the central reservation, you won't be left stranded - literally or financially.

There are lots of uncertainties associated with driving. Whilst we always hope that there will never be any issues, sometimes things that are completely out of our own control create a situation where a claim is required. If you find yourself in this position, the last thing you want is a bill for hundreds of pounds and a car that simply cannot be driven.

If you can't afford fully comprehensive car insurance, then there's no reason to stretch your finances to pay for it. There are cheaper alternatives available, such as the aforementioned third party as well as third party, fire and theft. This will at least mean that you are within the parameters of the law, even if you do have to sacrifice a few areas of coverage.

Equally, if you have a car that has a limited value, paying half of this total value each year on insurance might be seen as excessive. As with new drivers and those on a strict budget, exploring the alternatives to fully comprehensive car insurance might well prove to be far more beneficial. You can only ever receive the market value of your vehicle when any claim is made, therefore it would be prudent to do a few calculations before committing to any form of insurance policy.

So whatever your circumstances, there should be a car insurance policy to suit. This won't always necessarily be fully comprehensive though. Whilst this will give you the best possible coverage level, the associated costs often push it out of the realms of possibility for many drivers. So if cost is going to be a major factor in your decision process, it's probably not going to be the right option for you. However, there are cheaper alternatives so you can still find a decent policy with a competitive quote to keep you driving legally.

Frequently Asked Questions

  1. QUESTION:
    Approximately how much would Comprehensive car insurance be for these luxury cars?
    Im currently doing an assignment where I have to compare running costs of three different cars. I can't get an online quote for comprehensive insurance for these three luxury cars:

    Let's say the driver is a 30 year old with a perfect history/driving record.

    BMW 740i (Price: 3,000)
    Audio RS4 (Price: 7,500)
    Mercedes CLK-63 AMG (Price: 9,100)

    How much do you think APPROXIMATELY, the comprehensive car insurance would be for each of these cars? (Annual) AS A GUIDE.

    • ANSWER:
      alot
      drop the last two digits from each price
      that will be the 6 month cost per car with a good driver

  2. QUESTION:
    Can anyone recommend a website that will give free quotes for multiple car insurance companies?
    I'm trying to find a website that will give different quotes for comprehensive car insurance in Australia. Can anyone recommend one?

    • ANSWER:
      You can try this directory:

      http://www.ansearch.com.au/directory/au/Motoring/Car_Insurance

      There are not as many one stop shopping places to get quotes in AU because the insurance laws are different. I don't the industry is as large there as it is in the U.S.

      Good Luck!

  3. QUESTION:
    if i use third party Car insurance do i build up an insurance record?
    Hey, i'm looking at buying a first car, however quotes for Comprehensive insurance are up over ,000, but i want to build up an insurance record.

    Does using third party cover build me up an insurance record, or do i need comprehensive insurance?

    cheers
    I'm in melbourne, Australia by the way.

    • ANSWER:
      Yea you might need third party

  4. QUESTION:
    Comprehensive Car Insurance?
    My Partner has driven through a massive puddle of water and as a result his engine has seized, he has been quoted ,500+ for it to be fixed, the market value on the car is only ,900. The car has comprehensive insurance- does anyone have any idea if this should cover the cost of the repair, seeing as tho it may fall under the category of accidental damage?

    • ANSWER:
      Some policies exclude this type of damage so you'll need to check with your insurance company or read your policy.

  5. QUESTION:
    Someone hits my parked car and leaves the scene,does that fall under collision or comprehensive deductible?
    I noticed while looking at car insurance quotes online that there is a separate deductible for collision and comprehensive incidents. I think I have an understanding of the difference but I need to know which of those deductibles would apply to a situation where someone crashed into my car while it was parked in a public parking lot. The person fled the scene leaving no note. My deductibles are different amounts for each type so I need to know which one would pertain to this situation. Thanks.

    • ANSWER:
      This would be a collision claim.
      Comprehensive covers animal losses(like hitting a deer), vandalisms, nature, acts of god, etc. Basically anything other than another vheicle hitting your vehicle.

  6. QUESTION:
    can car insurance companies check if you drive another car ?
    if you get a car insurance quote and you say "you have access to another car" in your information is there any way they can check ?

    I have just renewed my car insurance and noticed that it was cheaper when i said i had regular use of another car. The thing is i do have use of my brothers car but im not an actual "name" driver on the insurance. My brothers car is fully comprehensive and "thinks" that anyone can drive the vehicle. Is this true ?

    i dont get how my insurance company are going to catch me out if im driving my brothers car without any mention of my name on his insurance
    i suppose what i am trying to say is. Is there a way i could be driving my brothers car without being named ?

    As i am worried that if they dont find me as a named driver on any other insurance and i crash i will not be covered :(

    • ANSWER:
      The MID (Motor Insurance Database) is used to see who is insured to drive a particular car on the insurance policy that covers that car. It cannot be used to find out if someone is insured to drive a (non-specified) car. (Think of all the 'John Smith's for example)

      With regard to your use - 'having access to another car' and 'regular use of another car' are different questions. You have access to your brother's car but you may not be a regular user (usually meaning at least once per week).

      Having a comprehensive policy does NOT mean that anyone can drive the car NOR does it mean that your brother (or you) can drive someone else's car. If in doubt read the certificate of motor insurance which will state who can drive the car and whether the policyholder can drive any other cars.

      To be honest I wish people would go and see an insurance broker who is a professional who will act on their behalf rather than rely on tittle-tattle given by people who may or who may not know what they are talking about. It may be more expensive to buy the product but you will be in a much better position if you have to claim.

  7. QUESTION:
    If i have fully comprehensive insurance can I drive someone elses car? Im 18?
    Basically i got a quote from admiral for about £600 for fully comp insurance on a 900cc fiat, would I then be able to drive someone elses car? As this would work out a heck of a lot cheaper than actually insuring me on the other car [3k cheaper to be exact]

    • ANSWER:
      Insurance follows cars, not drivers. And most policies have a disclaimer that they won't cover anyone under age 25 unless they are specifically named on the policy. So no.

  8. QUESTION:
    Where can I find cheaper car insurance quotes?
    I'm 17 in a few months, have a car, and have been checking insurance quotes.
    From my previous experience of quotes from Churchill, Quinn-Direct, Directline etc. it doesn't cost much, if at all, to insure on my provisional license with hopes of changing the policy to insure me on a full license in the future.

    I have got a 1997, 3 door, 5 seater, diesel peugeot 106 with a 1.6 litre engine and the best insurance quote I have recieved so far was from Quinn, but they have recently stopped insuring in the UK so I won't be able to use it when I am 17...They gave me a quote of around £800 whereas everyone else are offering me £1,500.

    Does anyone know of any other companies who can give me cheaper comprehensive cover?

    Thanks for any answers
    If you had read properly, you would have seen that I said it doesn't cost much extra to insure on a provisional license...
    If you can, please send me sites from the UK! Thanks

    • ANSWER:
      Car insurance - a great deal... or three.
      We'll work hard to save you up to £217.

      We found 10% of consumers could achieve this saving online. Source, Consumer Intelligence, January 2010.
      We'll give you a £25 Gift Card if you join.

      Read more about the Gift Card offer details...
      We'll give Clubcard customers up to 15% off.

      10% of Clubcard customers could achieve a 15% discount subject to minimum premium.
      Find out more about Tesco Car Insurance...

      Get a quote
      for Tesco Standard Car Insurance (new window).Tesco Car insurance is provided by UK Insurance Limited.

      Road signs reproduced under the terms of the Click-Use licence

  9. QUESTION:
    how to get a good quote for my car insurance?
    basically, i've got 1 year no claims with direct line car insurance for the past year( only 1 year driving experience). i was paying £85 for fully comprehensive, and was 24years old when applied for the insurance. i just received a letter from direct line for my renewal, and now it's gone up to £109. i was wondering what might cause it to increase, and if now am over 25years should i really inform them (if it's gonna make a difference). is it advisable to switch to another company for maybe cheaper deals?!

    p.s i have a vauxhall calibra year 1995

    • ANSWER:
      Think most insurances are being increased as companies have increased costs and current financial problems cause reduced business ,,, so rates rise ,, Applies to most insurers , so go on line and get competitive quotes , see if anything is cheaper , but the trend is for insurance rates, car or property etc, to increase .

  10. QUESTION:
    Car Insurance....let's get up-to-date eh ?
    For the older driver(*), driving an older car(**), why is it necessary to have fully comprehensive insurance if (as recently quoted),after a minor collision, the insurers seems to take the 'scrap value' as the norm, especially these days?
    Third party insurance is cheaper obviously, so in what circumstances is it in the owner/drivers best advantage to save money and to be legally covered ??
    * - circa 70 years old ** - circa 10-15 years old

    • ANSWER:
      Full coverage is not required by the state.

      As long as the car is paid for, its your choice to carry that coverage or not.

      People that put collision and comprehensive on an older car, know that something is better than nothing. If the car is a total loss and you do not have collision/comprehensive....then you have to eat that loss. You will get no money from your insurance company for your car. If that's not a problem for you....don't carry collision/comprehensive.

      However, if you want to get a little something for your car, then carry the coverage. If your car is worth 2500 and you have a 500 deductible -- your car is deemed a total loss, you would get 2000 from the insurance company.

      You decide what insurance premium you can afford.
      You decide what risk you want to bear.
      You decide if you want to carry full coverage or not.

      You may now consider yourself up to date.

  11. QUESTION:
    When taking out Car Insurance do I have to tell them I had an accident?
    I am looking at taking out full comprehensive car insurance, which I have not had before. When doing many quotes online some ask you, not if you have had an accident, though if you have made a claim in the last year...

    I have had an accident in the last year, though this claim was made under some else’s insurance as it was their car that they gave me position to drive (no permission on the stated insurance, but in person).

    Do I have to declare this even though they are asking what claims I have made?

    Question based in Queensland, Australia.

    • ANSWER:

  12. QUESTION:
    **UK Question only** Is Car Insurance compulsory for a car owner?? or is it an option that you can choose?
    Its nearly time for me to take driving lessons as i am turning 17 and i would now like to get more information about car insurance.
    Having looked at the quotes from certain websites, car insurances for young driver like myself are stupidly overpriced, and this was just for car with cheapest insurances (1.0 liter engines).
    The cheapest i found was over £2500 annual, having looked at this I was completely shocked.

    So here i am in need for help from the experienced ones.
    Is car insurance an option that you can avoid if you wish or is it a compulsory for a car owner?
    Does the type of insurance vary on final cost?? (i chose comprehensive insurance which covered damage to car but there were other options that covered theft etc..)

    It would really help if you could share your knowledge.
    I would like to thank all of you in advance for your help.

    • ANSWER:
      Car insurance is compulsory everywhere in the world where you need a license.

  13. QUESTION:
    first one to answere my question correctly gets 10 points?
    i'm trying to get a car insurance quote. what is comprehensive coverage?and who does collision coverage cover? me or them?

    • ANSWER:
      Comp is incidentals like window glass, hitting a deer, etc. Collision covers everything. You and them. Typically, you have to have collision to get comp.

      http://www.autoinsuranceindepth.com/optional-coverages.html

  14. QUESTION:
    Word definitions comerce.?
    Hi, I'm really sorry, but can somebody please define these words for me, its for some school homework. Even if you only define a few it would be an absolutely massive help, 10 points to whoever helps the most!

    Car insurance quote
    comparative interest rate
    comprehensive car insurance
    consumer credit code
    Loan security
    no claim bonus
    third party insurance
    third party property insurance
    Car yard

    I had about 50 of these, and I've done the others, along with 5 schools assignments in two weeks, I'm really tired, so thanks a lot if you can help!

    • ANSWER:
      1 Tells you how mush it will cost you to insure your car with that Insurer. it is a quote.
      2 looking at the difference between two interest rates.
      3 think it means that your car is insured for everything
      4 you are given a rating by the insurance company as to how much a risk you are to them should they insure you. they take into account, wages, assets, family stability, financial position etc.They won't insure you if you are not likely to be able to pay back the loan or if the car is a bomb or the house a ruin.
      5 your house or car or some other stipulated valuable will be sold if you default on the loan repayments.
      6 if you make no claim against your insurance over an agreed time, then you get a deduction in your insurance costs
      7if you injure anyone else, or thie car, in an accident, then they are covered by your insurance.
      8 I suppose that means that if some worker is injured on your property then they are insured
      9 a car yard is where cars are displayed for sale.

  15. QUESTION:
    Cheap car insurance for a 17 year old male.? [:?
    I have already asked this question on here but i got answers that were completely on the wrong side of what I'm looking for. I got told to go to different comparison sites to find cheap deals. Which is not what I want. The answers I was looking for was more along the lines of, lowering insurance by adding parents as named driver and so on.
    I did this with the car im looking to buy (Seat Ibiza 1.2 Group 2 insurance.) With my dad as a named driver on TPFT insurance, and i got quoted £1400 a year. Yet people with cars higher than that can get comprehensive insurance for less than £1000 a year. So what I'm asking is, How the hell do they do it.?

    • ANSWER:
      The cheapest option for a minor living at home is always to be added to a parents policy. If they are quoting you higher prices than your friends, your friends have less of a risk factor, either the parents driving record and accident record is better than your parents record, or they live in an area deemed safer for accidents and/or theft. Rural is less than middle of a city, etc.

  16. QUESTION:
    How Do I get a reasonable car insurance price for a seventeen year old boy in the UK?
    I'm sixteen at the moment, but I'm looking at insurance prices and they're ridiculous! (I got a quote of £5000 at one point :l) Have you got any tips for how to get a lower premium. Thanks.
    A really comprehensive list would be great because I have no idea!
    I have tried looking at insurance group one cars, but the prices are still really high.

    • ANSWER:
      1. Opt for a larger excess - only if you can afford to pay it if you have a crash
      2. Move to a safer area for car crime - difficult
      3. Do not do a higher risk job like bar work, avoid unemployment and being a student
      4. Keep the car off road at night and preferably in a garage
      5. Be older
      6. Get a small motorbike instead like most used to when I was your age

      Unfortunately the insurance for teens has gone up even more than that for everyone else this year. It is not realistic for many teens to expect to be able to run a car now.

  17. QUESTION:
    Why is my car insurance premium so steep!?
    I'm a 17 year old guy, passed my test in September and have been driving since then with no bother but I'm annoyed at having to pay so much!

    I drive a 1.3 Ford Ka Zetec Climate, and haven't modified it at all.
    My friends (regardless of being named drivers on parents' policies) are paying around £1000 or less, whereas I'm lumped with a £2600 premium - and I spent a LOT of time trying to get better quotes before I bought the car and since my premium rocketed having passed my test.

    I'll admit I do have comprehensive insurance but the cars worth around 5k, so I reckon it's worth it... In addition, any idea why a Ford Ka is £154 a year road tax??!!!

    Thanks
    Thanks for the answers, I get the basic reasons for it being so high I was just wondering why mine is so much more than EVERYONE else's lol
    I would have assumed that a KA would have low emissions due to its' size, but for some reason not...
    I live in a relatively decent area, so I don't think that's anything to do with the premium.

    I may as well upgrade to a 1.6 sportKA, the insurance is the same! :P

    • ANSWER:
      Your friends aren't paying for theft or fire while you are.

      Also, use http://www.simplyinsurancequotes.com/ukmotoring-insurance-quotes.php?id=oxOtt331c009 they are the best I know in the UK.

  18. QUESTION:
    What Do I Include In my Quote when I buy Car Insurance?
    Ok, I'm buying a car tomorrow and I need to insure it before I pick it up. I'm on Geico online buying a policy. I need full coverage and I live in Ohio. What do I purchase to make it all good. If I buy comprehensive, do I have to have collision too? I'm so lost!! Thanks in advance for any answers you have!!
    I know how to shop for the insurance and compare the quotes, but what I need to know is what coverage am I suppose to buy? Do I buy both comprehensive and collision? What about uninsured driver insurance, do I have to buy that also if I buy comprehensive insurance? Thanks! :)

    • ANSWER:
      Are you paying cash, in full, for the car, or is it financed? Cash, you only need state minimums and comprehensive. Financed, most lender require full coverage and to be named as loss payee. Based on your statement you need full coverage, I assume that is your situation.

      No, comprehensive is not collision. Comprehensive Insurance - Auto insurance coverage providing protection in the event of physical damage (other than collision) or theft of the insured car. For example, fire damage or a cracked windshield would be covered under the comprehensive section.

      I'd suggest collision, along with fire and theft, and both uninsured and under insured coverage.

  19. QUESTION:
    Car Insurance are we been conned?
    I was quoted £318 for fully Comprehensive last year, I have never claimed, no convictions, no points on my licence, accident free for 20yrs. Yet I am now been quoted £418. I understand that my premium could go up but by over £100 in one jump, how can they justify this... No wonder people are driving without Car Insurance, it,s a complete rip of. One company Compare the Market. com was quoting me £1,300 for third party fire and theft. And the most annoying thing of all is all the advertisments on T.V. are false and misleading, take for example confused.com they sure live up to their name!!. They show insurance quotes with £220 upwards to £280 on the T.V screen and when you ring them or contact them on the search engine they are in the £450 upwards range, surely this is false advertising... Is there anything that can be done about this????

    • ANSWER:
      They impose these rate rises because they can, vote with your feet and go elsewhere.

      Stick all your details into a price comparison site and go for the best (not just the cheapest ) deal.

      Inform your broker you have had a better quote for the same level of cover, it's surprising how quickly most of them can find you a better deal if they think you will take your business elsewhere.

      Unfortunately everyone's premiums have risen this year, and it's partly to cover payouts against uninsured drivers.

  20. QUESTION:
    How much would my car insurance be?
    I'm 21 years old male and I live in NJ.
    I'm thinking about buying a used car and financing it.
    I was looking at GEICO website and the quote came out to about 00/year for 2000 honda S2000.
    I was wondering if that amount is right.
    I selected collision and comprehensive coverage along with all the other coverage options.
    I thought full coverage would be much more expensive like 00 but that is so low.
    So I was wondering if that amount is right.

    (I live in NJ with my uncle and my parents live in massachusetts)

    • ANSWER:
      Depends on your driving habits like have you ever been in a wreck that the your insurance carrier had to pay out for or any speeding tickets. I say that is an awesome price for that vehicle and your age, take it! Remember that is a "quote" not a set in stone bound policy...once you fill out the actual app. for the policy and they run your information you will get the accurate amount for the policy. It could either go up or down depending on those factors I stated above.

  21. QUESTION:
    Should I turn my keyed car into insurance or pay out of pocket?
    My brand new car got keyed; about 12" on the passenger side door and over the hood a little. There were other scratches that I could buff out, but these are deeper that I can't buff out. My question is, would it be smarter to call my insurance on this or would it be better and cheaper to go get it quoted out and fixed myselft? I have comprehensive insurance, so would that cover the costs?

    Thanks!

    p.s . whats even worse, i 'm trying to transfer over my lease, so i HAVE to get it fixed so the potential new lessee will want it.

    • ANSWER:
      Pay out of pocket!
      If you go the the insurance company your payments will go up because you claimed!
      If its to dear to fix yourself them you might want to go to your insurance but think of home much the price will go up!
      xx

  22. QUESTION:
    about my leased car insurance?
    I have a nissan 2009 lease, I have two questions:
    1. do I need to purchase PIP insurance? also a 0 deductible in comprehensive and collision is ok?
    2. My boyfriend lives with me and he has his own commercial car insurance, I drive my car the most, do I need to add him in my quote? He drives the car perhaps on Sundays when we go out other than that I drive the car most of the time.
    Thanks for your answers
    Thanks to all for the info, I called the 21st Century agent and he said that as long as my boyfriend has his own car insurance and drives my car occasionally with my permission it would not be a problem, however I keep hearing feedbacks and thanks again to all.

    • ANSWER:
      1. Your lease doesn't require it - but your state MIGHT. So, it depends on what state you live in.

      2. Most leases want a 0 deductible. So you'll have to ask your leasing company. Keep in mind, the deductible is the amount out of your pocket, before the insurance kicks in.

      3. Yes. Commercial car insurance is NOT the same as personal car insurance, and does NOT give the same coverage. He lives with you, so you must list him on your policy as an occasional driver.

  23. QUESTION:
    Is what my car insurance company doing legal?
    I am in the process of purchasing a house. I received a quote from the insurance company I picked. And they said they could lower it even more if we add our 2 cars on. So they checked, and their offer for insurance on our cars was lower then what we are paying now. So saving us even more money. I went in, signed the papers for both auto's and the homeowners and was happy. They cancelled my previous auto insurance policies, and charged me my first month. Now, a week later, they are saying due to my previous car being stolen two years ago they can no longer offer me my 100 comprehensive deductible. They can only offer me a 1000 dollar deductible and if I choose not to accept they will cancel my auto insurance. This if frustrating considering my other insurance which wasn't bad to begin with has already been cancelled and I have already been charged my first month so if I don't accept I will have no insurance and my homeowners policy will go up in price. Sorry for the long explanation. I just don't think they should be able to get you in then change things up on you. Is there any law against that? Thanks for your help!!!
    Thanks everyone. The funny thing is that they knew about that claim before I signed :/ I will just shop around more and switch agencies there are a ton out there! Thanks again!!

    • ANSWER:
      It's there job to screw you over. Look over the paperwork you signed, if you signed any paper work saying that you will have the 100 deductible on your plan then you can say to them that's the offer they gave you and the offer you signed for and unless the paperwork says there may be a possibility of changes to your deal with them then you most definitely should call them out on it. Also you might mention they should've checked your car history report before they made the deal with you, the fact that they didn't do a complete search on your history says they aren't a very good company. I suggest switching if they do not come to an agreement with you, even though it's a pain in the ass. Good luck!

  24. QUESTION:
    What is the best UK car insurance for me to get?
    Ok, i'm a little confused here. Basically my insurance expires in a few days and i'm coming up to 4 years no claims. I've never protected these claims (obviously as you cannot protect less than four years) and on my renewal i've come to a dilemma;

    1) I have got a fairly cheap quote which includes courtesy car, legal cover and windscreen cover (this is cheaper offer but doesn't offer protected no claims).

    or

    2) courtesy car, protected no claims and windscreen cover (this is a little more expensive but doesn't have legal cover).

    Now my question is (since I don't know much about car insurance, i just know its a law), how important is legal cover? i'm assuming its very important but for the last four years i've never had any claims or been in any accidents, and i really want to start protecting my claims since my car is kind of old now and i'm worried about losing the last 4 years, any tips or advice? oh this is on comprehensive by the way.

    Thanks in advance to anyone that can help.

    • ANSWER:
      The first one, have you tried confused.com or more than, I have a Honda Civic type R on a 57 plate, more than insurance is just £278 per year, that includes roadside help, legal cover, windscreen & protected no claims.

  25. QUESTION:
    car insurance deductable question?
    I have full coverage insurance with allstate and they told me i have a 500 dollar deductable.
    I recently got a quote for a chiped windshield and the guy at shop said that most comprehensive insurences waive a windshield repair when i decide that rather than replace it (two part question) , first shouldnt full coverage mean that i dont have to pay anything or smaller deductable when repairing, Second how does a 500 deductable work, do i pay the whole 500 in one time or through my monthly premuim?

    • ANSWER:
      1. Deductibles always apply, regardless of the type of loss. However, if you are repairing rather than replacing the windshield, there will be no deductible. In some states, windshield replacement is free. You need to ask the claims department which category you fall under.

      2. Deductibles are paid to the vendor that does the work. A separate deductible applies to each loss.

  26. QUESTION:
    Do I have a case for a lawsuit if my car insurance company made a incorrect report for a claim?
    I hit an animal and my car was totaled over two years ago. I hit a guard rail right afterward because my hood slammed in my windshield. Apparently, the original report on my claim with this insurance company said I was at fault, that I swerved to avoid an animal then damaged a guardrail. The next day, it was changed after the animal itself was inspected and the police report actually read. The company altered the claim to say I was not at fault and it was a comprehensive claim.

    However, "Clue" which reports driver information to insurance companies, and my DMV, have the original report of the accident being my fault. I only found this out yesterday getting quotes from other companies for a new car, and the quotes were very high. I was informed of an at fault accident, I called the original insurance company and got the explanation from there (after about 2 hours). I'm getting a letter from them that I can mail to these agencies with my driver record, but I have had insurance with other companies in this time span and I'm sure the rates have been altered because of this. I don't know where the fault directly lies, their failure to update the changes correctly or the reporting agencies not doing their part to receive updated claims, do I have a case here for a lawsuit?

    • ANSWER:
      So, how are you going to sue someone if, according to you, "I don't know where the fault directly lies"?

  27. QUESTION:
    Car Insurance, Please Help!?
    Where can i get the cheapest car insurance in the UK for a 17 year old boy?
    I need a reasonable quote of less than £1500 for comprehensive.
    Anybody?

    • ANSWER:
      go on www.compareprices.com can get insurance for £1200

  28. QUESTION:
    How do i get comprehensive auto insurance as a new driver?
    I am getting an auto loan from my bank but before i can get anything they require full comprehensive insurance.I called a few companies to get a quote but they said i have to have had my liscence for 6mths to a year before they take me on,
    I got my learner's permit back in 2009 but never really pressued getting the actual liscence until i bought my own car meanwhile i was using a relative's car until recently.Now i need to get around work etc.I CANT wait that long How do i get sorted out and what are my best options? HELP ThANKS!

    • ANSWER:
      Cars are insured according to the engine size, weight etc. I think all Insurance companies are charging the same amount for similar cars for insurance. You can take either a comprehensive insurance or a third party insurance according to your requirement.,.. So if you want cheap insurance go for third party insurance i.e no insurance coverage for car but in case of accident only the third party (the party who has been affected by your car) will get compenation.

  29. QUESTION:
    Teen Car Insurance Question. Desperate for answers?
    Hi I am 17 and I am testing out quotes for insurance... my question is that... is it legally required for me to add collision coverage? comprehensive coverage? uninsured motorist bodily injury? Uninsured Motorist Property Damage? ..

    WHAT IS LEGALLY REQUIRED and what do I really not need to worry about? I am a girl therefore I am a safe driver hahaha... ANY ANSWERS WILL HELP.... THANKS!!!!

    • ANSWER:
      Unless your vehicle is financed and the finance company requires full coverage, all you legally need is the minimum for your state, which you didn't mention. However often times just getting minimum coverage is false economy, and just a very few dollars more will get you much better coverage. Sit down with your agent and discuss your coverage until you fully understand what you are getting, and why.

  30. QUESTION:
    Haggling Car insurance?
    I am 20 years old Guy, and my car insurance is up for renewal, i have a Peugeot 306 hdi 2.0 turbo diesel.

    I have 2 years driving experience, however only have had a car for 1 year. I have had no claims, no tickets, no points on my lisence. Im Fully Comprehensive, live in a good area, have no criminal record, and park my car on the drive. I have my father, a Police Officer with 30 years no claims and 30 years experience as a named driver on my insurance.

    My Insurance last year was £1400 (steep yeah) and now its up for renewal i have had a quote of £1100. To me, this seems really steep seeing as surely by now i have proved that i am not some boy racer with a deathwish. My question is, do you guys think ill be able to get this price down with alittle haggling, what would you expect to pay for insurance if you where in my situation?
    Having my father as a named driver, halved my insurance quote last year. Its a little known fact that having someone with many years no claims as a named driver drops your premium

    • ANSWER:
      Haggling by saying you have had a cheaper quote might work and you might get it down a little but do not expect much. £1400 was actually a very good price a year ago, a lot of money yes, and lots of people your age would be happy to be quoted that compared to what they pay.

      The one year gets you nothing more than a years no claims. Your father being a Police officer could even increase the insurance as he may be a bad risk. Your fathers 30 years no claims gets you nothing off the price - they would add something on if he had claimed recently.

      You have proved nothing about being or not being a boy racer - you could be one and just got lucky. The NCB system works in years and in conjunction with many other factors is used to set the price. the insurance companies overall perception of you means nothing - the computer they use takes known set values for your situation and sorts the price out from there. they have little discretion in setting the price - just like a speed camera in place of someone like your Dad

  31. QUESTION:
    Car insurance? 3rd party, fire & theft or fully comp?
    I have an M reg Corsa (1994, I think), and my insurance is due for renewal at the end of the week.

    I am currently only insured 3rd party, fire & theft, but I have had a few quotes, and can insure it fully comprehensive for only £18 extra for the year. If I choose to stay with just 3rd party, fire and theft, my premiums will drop and I can save £120 over the course of the year. The value of the car is around £500. I am under 25, so if I insure it fully comp, many insurers will still not allow me to drive any other vehicle 3rd party.

    I am a student as well, so not on a high income. What option do you think would be best for me? I am a relatively good driver. I've had 2 minor bumps, but have been driving for 5 years.
    the quote I received was based on paying £150 excess

    • ANSWER:
      Fully comp for £18 more - just do it!

      xx

  32. QUESTION:
    First time getting car insurance I'm 20 years old...help!?
    I'm 20 (will be 21 in March '08) and have only been on my dad's insurance. His record isn't that great so to add on a car to his is expensive. My relative is selling a '98 Escort - very basic - to get to work and college. 00 car. don't understand collison and comprehensive. The one that pays for a replacing the car I don't want. Anyway, I went online for quotes and they ask if I've had insurance before and I haven't (on my own) so I'm not sure if I'm being docked for that. I have a clean driving record and just want some basic coverage mostly for if I hit other people. Could someone guide me so I don't have to pay an arm and a leg? What are the ranges I should look for? I see numbers like 200/300/500 but I don't get it. My mom said she'd insure the car under her insurance but then naming me as a drive might be expensive. How do people get insurance that covers any driver? Like when people use other people's car? So many questions! It's hard to work, be in college and pay for car.

    • ANSWER:
      Typically, insurance rates are filed by the various insurance companies that are licensed to do business in your State, and they vary from State to State.

      The best thing to do is call a LOCAL independent agent. Just look in the phone book for the PIA or Big I (Trusted Choice) logos and you will find a professional licensed agent that will be able to help you solve your insurance problems, and give you rate comparisons of several different companies.

      An independent insurance agent will normally have a dozen different companies and if he cannot help you, he should be networked with other local agents that can.

      Be sure to tell them that you will 21 in March and ask if they will change your rate from a "below 21 rate" to "21-25 rate" as there IS a little bit of difference. If they won't or can't change the rate "mid-term", be sure to purchase the shortest term that you can. In Texas, insurance companies will actually write a THIRTY DAY policy which is good for cases like this or if someone has a lot of tickets and/or accidents that will be coming off their record soon.

      The 200/300/500 you mention is a "split limits" liability policy - the first set refers to the amount of Bodily Injury (BI) per PERSON (normally expressed in THOUSANDS), the second number is BI per ACCIDENT and the third number is Property Damage )PD) per ACCIDENT. So, if you were to have a MAJOR accident, the most your policy would pay to any one person that was injured would be 0,000, the most it would pay for the accident for ALL the injuries in ALL the cars would be 0,000 and the MOST amount of Property Damage for ALL of the damaged property (auto, buildings, fire hydrants, light poles, etc) would be 0,000.

      Since you are a "starving college student" you probably don't NEED limits as high as that but it NEVER hurts to have MORE than you think you need - just to protect your assets/

      Good luck, drive RESPONSIBLY and I hope this helps

  33. QUESTION:
    Insurance quotes.... are they correct?
    Hi, I have used a couple of insurance websites such as compare the market and confused for a cars insurance. I do not understand why but when i select full comprehensive the insurance is less than third party. Why is this? I thought comp was better than 3rd party.... is this not true? Why is full comp less than 3rd party? Thanks

    • ANSWER:
      WYSIWYG, Try getting an online insurance quote It's free and quick to do. http://www.simpleautoquotes.com/Auto-Insurance.html

  34. QUESTION:
    uk car insurance help?
    hi
    i'm 18 years old and i'm getting a car, obviously it needs car insurance

    can you give me any tips on what to do to get cheap quotes...
    i'm currently the only 1 in the family that will actually drive, my mum doesn't drive, no dad
    and when i went to sites like moneysupermarket and confused.com all i get are 4,000 pounds up!!!! per year, dam its a lot more expensive than the car!!!

    and can u please explain to me what no claims discount is?? and which cover should i get, comprehensive or the other options

    thank you!
    why the fuck are car insurers bull shitting>
    the younger the person the lesser income they get,
    why so expensive o__o

    • ANSWER:
      Owning a car is expensive, there really isn't a way to beat around the bush, especially being that you are an 18 year old - your rates WILL be high. I'll give you a few tips though, that I think *might* help.

      ~ Stick with yearly policies: Choosing a yearly policy can extend your savings on your car insurance. Purchasing a yearly policy instead of a six month policy gives you a rate that cannot be changed for one year vs. changing every six months.

      ~ Look for a group discount: Many companies offer a discount on car insurance for being affiliated with certain organizations. These can range from credit unions, college sororities, or just having a certain credit card. Call your service center and ask them for a list of organization affiliations.

      ~ Watch your credit rating: Keep your credit clean! Yes, a lot of insurance companies are checking your credit and basing your policy on what is found. Make sure you check to see if your credit is in good shape, and if it is not, you may want to seek out companies who do not do credit checks.

      Basically it is a discount that you receive on your car insurance premium as a reward for not having made a claim against your policy.

      You need to build up a claim free driving history in your name to benefit from the discount so you can't get one when you first start driving.

      As for coverage, that is completely up to you. Here is a detailed list of coverages:

      http://www.carinsurance.com/Articles/content1.aspx

      I recommend collision and bodily injury, at the very least. Good luck & happy driving!

  35. QUESTION:
    why is my car insurance so much cheaper than other companies?
    i was looking around for auto insurance to see if there was anything cheaper than what im paying now. im a 20 year old male with a 2005 scion tc. i have been driving for about 2 years and currently use state farm. when i first insured my car 2 years ago, i was paying 8/mo. due to a speeding ticket, it has risen to 4/mo. i also have comprehensive and collision with a 0 deductible. 0,000/0,000 coverage with full glass also. not complaining, i think this is great
    i looked at nationwide, allstate, geico, and progressive. these companies are supposed to be so great, but progressive quoted me at 5/mo for the same coverage! the other companies where all in that general area. progressives "state minimum" coverage plan for me was almost 0/mo.

    why do these other companies cost so much more? im not complaining about mine, obviously im not gonna switch, but i am curious as to the difference in price.

    • ANSWER:
      You may want to have a look at your policy to be sure you are insured as you think you are. or have another insurance agent (not your own) interpret your policy for you.

      "If it sounds too good to be true it probably isn't"

  36. QUESTION:
    For High Mileage Older Cars with low value is it ok to drop your Comprehensive & Collision deductible?
    I'm looking over auto insurance quotes and can't seem to figure out why I should justify a 0.00 deductible on a car that's valued at 0ish for trade.

    • ANSWER:
      Absolutely. I recommend just carrying liability.

  37. QUESTION:
    whats the difference?
    between fully comprehensive car insurance

    and third party theft and fire insurance?

    if your looking for the cheaper option what should you pick?

    would £34.50 be a good cheap monthly quote?
    thanks

    i am female 27

    totally clean licence, never hit anyone driving since 2001.

    car is peugot 206 1.4

    • ANSWER:
      Fully comp covers damage to your car plus damage to any other vehicle etc - third party covers only damage to the 'other car' (i.e. the third party) plus damage or loss caused by fire and theft.

      34.50 seems ok put depends on your age and what you are getting

  38. QUESTION:
    which insurance company should i choose (pleeeeeeeeeeeeeeeeeeeeeeeeez help me ASAP))?
    ok so this is for my maths assignment; "I'm an 18 yr old, taken out a loan to finance the purchase of my car, so i will need full comprehensive insurance"
    i got quotes from AAMI 33.76 p.a. and RACQ 39.46 p.a.
    AND
    it's asked us to "Dicuss and justify which option you would choose"

    how should i do that? cuz i shouldnt just say because "that company has a lower rate"!

    i thought i might have to compare these things: (is it right?)

    1. Options ( AAMI has more, RACQ only says "Voluntary Excess Option", but i dont understand it!)

    2.Excess (i added up the whole thing: AAMI=95 RACQ=50

    3. Discount (same for both )

    PLEEEEEEEEEZ HELP!
    I would soooooooooooo happy...thanks!!!
    i dont know if im thinking right; plz help. i worked out my monthly expenses(9.74) in order to see if i can choose any of the options at all.

    • ANSWER:
      i dont know what those symbols stand for or what insurance companies those are.. i am an auto sales agent from geico. and i have no clue what those are.. your explanation of what you wanna know isnt clear

  39. QUESTION:
    "Insurance Fronting" ?
    Okay, I'm 17 male, as you probably know the insurance is ridiculous for males my age. The cheapest quote i have for comprehensive insurance is 3500£ (its a fiesta sport model so is more expensive), i would definitely want comprehensive. Now my question is about insurance fronting, as I've looked at the price with my mom as the main driver, it goes down to 1300£, with me being a named driver. How can they reject your claim and how can it be illegal if I drive the car less than my mom?! thanks
    Ah i see, thanks a lot. So if I'm the registered keeper of my car, and my moms main driver, me being named driver, aswell as my mom having another car, they would be likely to reject my claim?

    • ANSWER:
      You posted to the USA board, ya know, and "fronting" is a UK issue. As you know.

      They can reject your claim, because you lied on the application. If there are two household members (you and your mom) with license to drive, and two cars, each of you MUST be a primary operator on at least one car.

      You cannot list ONE person as primary on ALL the cars, so that none of the other drivers are "primary".

      If, however, this is the ONLY car in the house, and it really is mom's main car, then it's not fronting to list you as a secondary driver, if mom drives it more than you do.

  40. QUESTION:
    Why is fully comprehensive much cheaper then 3rd party for a 17 year old?
    Hello

    I am getting close to passing my test and i have been looking at the types of cars that i can get that will give me the cheapest insurance quote. I am planning to go on my parents insurance as an Additional driver an they would own the car. I was looking quotes and was surprised to discovered to fully comprehensive was much much cheaper then 3rd. about £1400 compared to £3200 what is going on, also a renault 1.2 Clio is more expensive then a 1.6 renault Megane.

    Any advice on getting low insurance and why is fully comp cheaper?

    thanks for any help
    £1400 was the price for a renault Megane 1.6 1998, with £250 excess and my parents have over 9 years no claims.
    Its also the price after i have passed

    • ANSWER:
      comprehensive coverage is for damages caused beyond your control, like fire, animal or a glass crack. thus comp coverage would depend more on where on you live than on your own personal driving history. there is no way to evaluate an individual person's risk on a random event so they don't charge high rates for new comp coverage (unless you live in an area with lots and lots of deer crossing the road, that's about the only reason I can think).

      but liability (what you're calling third-party coverage) is always more expensive for young drivers because young drivers tend to be in more accidents. younger drivers are more likely to cause accidents, and are less likely to avoid potential accidents caused by somebody else

  41. QUESTION:
    Is our Insurance company ripping us off and whats the point of fully comprehensive cover?
    Okay, to cut a long story short
    Dad has his pride and joy G reg Jag stolen (market value next to nothing but as a retirement present to himself priceless)
    Police recover it next day
    Damage to car is: one rear quarter glass smashed, steering lock damaged beyond repair and dash board damage.
    Garage has quoted nearly £2000 to repair ???
    The garage, realising the good condition of the car and how much it means to my dad, called yesterday saying the insurance company have told them to send the car for salvage on Monday.
    We strike a deal with the garage to deliver the car home and phone the insurance company (bearing in mind we hadn't heard anything from them in nearly to weeks)
    Yes the car was to be scrapped as it is beyond economic repair and a settlement figure is in the post.
    Can they just scrap a car and then send out a settlement figure ?
    Anyone know the best way to deal with elephant.com or are we stuffed.
    Oh, and in their small print they have a "no buy back" clause

    • ANSWER:
      I would say take it to a lawyer, they should atleast give you the value of the car as it sits, which would be something towards its repair.

      insurance companies do this to save time and mony for themselves. Thats where a lawyer is priceless.

  42. QUESTION:
    help pleases and thank u?
    1. If you have earned income, which of the following retirement devices must you contribute to, by law?
    A. Pension plan
    B. IRA
    C. Social security (FICA)
    D. Vesting plan

    2. Car insurance that pays for your injuries when you're in an accident in your car is _______.
    A. comprehensive
    B. liability
    C. medical
    D. collision

    3. Jane Marko buys a car for ,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?
    A. ,800.00
    B. ,788.00
    C. ,472.00
    D. ,928.00

    4. Which of the following devices imparts ownership in a corporation?
    A. Stock
    B. Bond
    C. Savings account
    D. U.S. Treasury Bill

    5. Ray Cupple bought a basic car costing ,150.00, with options costing 8.00. There is a 6% sales tax in his state and a combined .00 license and registration fee. What was Ray's total cost?
    A. ,938.00
    B. ,541.28
    C. ,547.00
    D. ,591.28

    6. The Hamilton Brush Company issued 2,500 shares of common stock worth 0,000.00 total. What is the par value of each share?
    A. .00
    B. .00
    C. 0.00
    D. 0.00

    7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income?
    A. U.S. Savings Bond
    B. Growth fund
    C. Money market fund
    D. IRA

    8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
    A. You made a profit of .00.
    B. You suffered a loss of .00.
    C. You made a profit of 5.00.
    D. You suffered a loss of 0.00.

    9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
    A. Shop around for a car loan.
    B. Obtain car insurance.
    C. Study the car market.
    D. Test-drive the car.

    10. Jane has a checkbook balance of .00. She then writes two checks, one for .00 and one for .50. She also deposits .00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press?
    A. 6 8 + 7 5 - 5 - 6 2 . 5 0
    B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =
    C. 6 8 + 7 5 - 6 2 5 0 - 5 =
    D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0

    11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
    A. liability
    B. collision
    C. no-fault
    D. medical

    12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.)
    A. Life insurance
    B. Comprehensive car insurance
    C. Medical insurance
    D. Liability insurance

    13. The major difference between a calculator and a computer, when performing calculations, is that a
    A. calculator is faster but needs more human assistance.
    B. calculator is slower and needs more human assistance.
    C. computer is faster but needs more human assistance.
    D. computer is slower but needs less human assistance.

    14. Your _______ should furnish enough money to live on, in an emergency, for six months.
    A. investments
    B. savings
    C. interest
    D. IRA

    15. Which of the following best describes term life insurance?
    A. The insured is covered during his or her entire lifetime.
    B. The insured pays the premium until his or her death.
    C. The insured pays a premium for a specified number of years.
    D. The insured can borrow or collect the cash value of the policy.

    16. All insurance is based on a principle called
    A. premium earnings.
    B. investment premiums.
    C. division of risk.
    D. cash value coverage.

    17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an
    A. exclusion.
    B. supplement.
    C. waiting period.
    D. major medical coverage.

    18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance.
    A. supplemental
    B. liability
    C. major medical
    D. term

    19. A master plan is devised for
    A. emergencies.
    B. investments.
    C. short-term goals.
    D. long-range goals.

    20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities.
    A. series EE bond
    B. promissory note
    C. preferred stock
    D. mutual fund

    • ANSWER:
      You do know this is the marriage and divorce section right?

  43. QUESTION:
    May I please get some educated help?
    If you have earned income, which of the following retirement devices must you contribute to, by law?
    A. Pension plan
    B. IRA
    C. Social security (FICA)
    D. Vesting plan

    2. Car insurance that pays for your injuries when you're in an accident in your car is _______.
    A. comprehensive
    B. liability
    C. medical
    D. collision

    3. Jane Marko buys a car for ,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?
    A. ,800.00
    B. ,788.00
    C. ,472.00
    D. ,928.00

    4. Which of the following devices imparts ownership in a corporation?
    A. Stock
    B. Bond
    C. Savings account
    D. U.S. Treasury Bill

    5. Ray Cupple bought a basic car costing ,150.00, with options costing 8.00. There is a 6% sales tax in his state and a combined .00 license and registration fee. What was Ray's total cost?
    A. ,938.00
    B. ,541.28
    C. ,547.00
    D. ,591.28

    6. The Hamilton Brush Company issued 2,500 shares of common stock worth 0,000.00 total. What is the par value of each share?
    A. .00
    B. .00
    C. 0.00
    D. 0.00

    7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income?
    A. U.S. Savings Bond
    B. Growth fund
    C. Money market fund
    D. IRA

    8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
    A. You made a profit of .00.
    B. You suffered a loss of .00.
    C. You made a profit of 5.00.
    D. You suffered a loss of 0.00.

    9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
    A. Shop around for a car loan.
    B. Obtain car insurance.
    C. Study the car market.
    D. Test-drive the car.

    10. Jane has a checkbook balance of .00. She then writes two checks, one for .00 and one for .50. She also deposits .00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press?
    A. 6 8 + 7 5 - 5 - 6 2 . 5 0
    B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =
    C. 6 8 + 7 5 - 6 2 5 0 - 5 =
    D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0

    11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
    A. liability
    B. collision
    C. no-fault
    D. medical

    12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.)
    A. Life insurance
    B. Comprehensive car insurance
    C. Medical insurance
    D. Liability insurance

    13. The major difference between a calculator and a computer, when performing calculations, is that a
    A. calculator is faster but needs more human assistance.
    B. calculator is slower and needs more human assistance.
    C. computer is faster but needs more human assistance.
    D. computer is slower but needs less human assistance.

    14. Your _______ should furnish enough money to live on, in an emergency, for six months.
    A. investments
    B. savings
    C. interest
    D. IRA

    15. Which of the following best describes term life insurance?
    A. The insured is covered during his or her entire lifetime.
    B. The insured pays the premium until his or her death.
    C. The insured pays a premium for a specified number of years.
    D. The insured can borrow or collect the cash value of the policy.

    16. All insurance is based on a principle called
    A. premium earnings.
    B. investment premiums.
    C. division of risk.
    D. cash value coverage.

    17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an
    A. exclusion.
    B. supplement.
    C. waiting period.
    D. major medical coverage.

    18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance.
    A. supplemental
    B. liability
    C. major medical
    D. term

    19. A master plan is devised for
    A. emergencies.
    B. investments.
    C. short-term goals.
    D. long-range goals.

    20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities.
    A. series EE bond
    B. promissory note
    C. preferred stock
    D. mutual fund

    • ANSWER:
      if you had spent the same amount of energy reading your textbook that you spent typing all that in you would know the answers and you would benefit from the experience.

      no one is going to do your homework in life.

  44. QUESTION:
    I just want to check these arrows are pointing to the answer i would appreciate this ty?
    1. If you have earned income, which of the following retirement devices must you contribute to, by law?
    A. Pension plan
    B. IRA
    C. Social security (FICA)<<<<<
    D. Vesting plan

    2. Car insurance that pays for your injuries when you're in an accident in your car is _______.
    A. comprehensive
    B. liability
    C. medical<<<<<<<
    D. collision

    3. Jane Marko buys a car for ,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?
    A. ,800.00
    B. ,788.00
    C. ,472.00<<<<<<<
    D. ,928.00

    4. Which of the following devices imparts ownership in a corporation?
    A. Stock<<<<<<<
    B. Bond
    C. Savings account
    D. U.S. Treasury Bill

    5. Ray Cupple bought a basic car costing ,150.00, with options costing 8.00. There is a 6% sales tax in his state and a combined .00 license and registration fee. What was Ray's total cost?
    A. ,938.00
    B. ,541.28
    C. ,547.00
    D. ,591.28<<<<<<<<

    6. The Hamilton Brush Company issued 2,500 shares of common stock worth 0,000.00 total. What is the par value of each share?
    A. .00<<<<<<<<
    B. .00
    C. 0.00
    D. 0.00

    7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income?
    A. U.S. Savings Bond
    B. Growth fund
    C. Money market fund
    D. IRA<<<<<<<<<<<

    8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
    A. You made a profit of .00.<<<<<<<<<
    B. You suffered a loss of .00.
    C. You made a profit of 5.00.
    D. You suffered a loss of 0.00.

    9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
    A. Shop around for a car loan.
    B. Obtain car insurance.
    C. Study the car market.<<<<<<<
    D. Test-drive the car.

    10. Jane has a checkbook balance of .00. She then writes two checks, one for .00 and one for .50. She also deposits .00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press?
    A. 6 8 + 7 5 - 5 - 6 2 . 5 0
    B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =<<<<<<<
    C. 6 8 + 7 5 - 6 2 5 0 - 5 =
    D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0

    11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
    A. liability
    B. collision
    C. no-fault<<<<<<<<<<<<
    D. medical

    12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.)
    A. Life insurance<<<<<<<<<<<
    B. Comprehensive car insurance
    C. Medical insurance
    D. Liability insurance

    13. The major difference between a calculator and a computer, when performing calculations, is that a
    A. calculator is faster but needs more human assistance.<<<<<<<<<
    B. calculator is slower and needs more human assistance.
    C. computer is faster but needs more human assistance.
    D. computer is slower but needs less human assistance.

    14. Your _______ should furnish enough money to live on, in an emergency, for six months.
    A. investments
    B. savings<<<<<<
    C. interest
    D. IRA

    15. Which of the following best describes term life insurance?
    A. The insured is covered during his or her entire lifetime.
    B. The insured pays the premium until his or her death.
    C. The insured pays a premium for a specified number of years.<<<<<<<<<<
    D. The insured can borrow or collect the cash value of the policy.

    16. All insurance is based on a principle called
    A. premium earnings.
    B. investment premiums.
    C. division of risk.<<<<<<<<<<
    D. cash value coverage.

    17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an
    A. exclusion.<<<<<<<<<
    B. supplement.
    C. waiting period.
    D. major medical coverage.

    18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance.
    A. supplemental
    B. liability<<<<<<<<<
    C. major medical
    D. term

    19. A master plan is devised for
    A. emergencies.
    B. investments.
    C. short-term goals.
    D. long-range goals.<<<<<<<

    20. A _______ is invested by managers in a diversity of stocks, bonds, and othe
    20. r securities.
    A. series EE bond
    B.promissorynote
    C.preferred stock
    D.mutual fund<<<<<<<<

    • ANSWER:
      I don not agree with 11. I didn;t think anyone had no-fault insurance

  45. QUESTION:
    I need help with my work so can someone please answer the following questions so i may compair.?
    5. Ray Cupple bought a basic car costing ,150.00, with options costing 8.00. There is a 6% sales tax in his state and a combined .00 license and registration fee. What was Ray's total cost?
    A. ,938.00
    B. ,541.28
    C. ,547.00
    D. ,591.28

    6. The Hamilton Brush Company issued 2,500 shares of common stock worth 0,000.00 total. What is the par value of each share?
    A. .00
    B. .00
    C. 0.00
    D. 0.00

    7. Which of the following is intended primarily to enhance a person's tax advantage and retirement income?
    A. U.S. Savings Bond
    B. Growth fund
    C. Money market fund
    D. IRA

    8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
    A. You made a profit of .00.
    B. You suffered a loss of .00.
    C. You made a profit of 5.00.
    D. You suffered a loss of 0.00.

    9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car?
    A. Shop around for a car loan.
    B. Obtain car insurance.
    C. Study the car market.
    D. Test-drive the car.

    10. Jane has a checkbook balance of .00. She then writes two checks, one for .00 and one for .50. She also deposits .00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press?
    A. 6 8 + 7 5 - 5 - 6 2 . 5 0
    B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =
    C. 6 8 + 7 5 - 6 2 5 0 - 5 =
    D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0

    11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
    A. liability
    B. collision
    C. no-fault
    D. medical

    12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.)
    A. Life insurance
    B. Comprehensive car insurance
    C. Medical insurance
    D. Liability insurance

    13. The major difference between a calculator and a computer, when performing calculations, is that a
    A. calculator is faster but needs more human assistance.
    B. calculator is slower and needs more human assistance.
    C. computer is faster but needs more human assistance.
    D. computer is slower but needs less human assistance.

    14. Your _______ should furnish enough money to live on, in an emergency, for six months.
    A. investments
    B. savings
    C. interest
    D. IRA

    15. Which of the following best describes term life insurance?
    A. The insured is covered during his or her entire lifetime.
    B. The insured pays the premium until his or her death.
    C. The insured pays a premium for a specified number of years.
    D. The insured can borrow or collect the cash value of the policy.

    16. All insurance is based on a principle called
    A. premium earnings.
    B. investment premiums.
    C. division of risk.
    D. cash value coverage.

    17. In a health insurance policy, a statement that an applicant won't be covered for a certain pre-existing condition is called a/an
    A. exclusion.
    B. supplement.
    C. waiting period.
    D. major medical coverage.

    18. The coverage included in an automobile insurance policy that covers property damage is _______ insurance.
    A. supplemental
    B. liability
    C. major medical
    D. term

    19. A master plan is devised for
    A. emergencies.
    B. investments.
    C. short-term goals.
    D. long-range goals.

    20. A _______ is invested by managers in a diversity of stocks, bonds, and other securities.
    A. series EE bond
    B. promissory note
    C. preferred stock
    D. mutual fund

    • ANSWER:
      You are NOT asking for help. You are posting your homework assignment for us to do. This is called cheating and I won't help you. However, if you post your answers, I'll be happy to check them for you to see if they are correct. I, for one, don't believe you've even tried.

      BTW: I noticed several attempts to get this done for you by putting less questions in one post. I hope people don't fall for it ... do your own work!

  46. QUESTION:
    help i'm stuck on this problem please?
    8. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?
    A. You made a profit of .00.
    B. You suffered a loss of .00.
    C. You made a profit of 5.00.
    D. You suffered a loss of 0.00.

    10. Jane has a checkbook balance of .00. She then writes two checks, one for .00 and one for .50. She also deposits .00. She then uses her calculator to determine her new balance. Which of the following is the correct series of keys she should press?
    A. 6 8 + 7 5 - 5 - 6 2 . 5 0
    B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =
    C. 6 8 + 7 5 - 6 2 5 0 - 5 =
    D. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0

    12. On which of the following types of policies is it a certainty that the insurance company will have to make payment? (We have assumed that the policy has been kept current, payments have been made, and the insurance company remains in business.)
    A. Life insurance
    B. Comprehensive car insurance
    C. Medical insurance
    D. Liability insurance

    14. Your _______ should furnish enough money to live on, in an emergency, for six months.
    A. investments
    B. savings
    C. interest
    D. IRA

    • ANSWER:
      8A. You made a profit of .00.

      10B. ON/C 6 8 - 5 - 6 2 . 5 0 + 7 5 =

      12A. Life insurance

      14C. interest

  47. QUESTION:
    Scared about insurance claim :( ?
    Hey, I am in desperate need of some advice, and was wondering if you have a couple of free minutes whether you would mind giving me your honest opinion?

    Okay Basically I had an incident just before the weekend, where i caught my one of the sides of my car on a metal bollard, badly denting it the rear offside, with a scrape that rungs along the passenger door through to the rear arch. I am completely unfamiliar with claiming on insurance, and am always petrified when it comes to things like this :( I have been with my insurance company for over a year, never missed a payment, have never had any motoring offenses or other insurance claims, and am fully comprehensive with additional insurance policies/add-on's with the same company, there's no damage to any other vehicles or property and I accept full liability regardless. The problem is, and I really hate myself for it and CANNOT for the life of me understand why I did it, but when i contacted my insurance company (which I did so immediately after) on the initial report I told them I didn't know how it happened and it was parked in the street. I think I was just afraid to be honest, because I always believe these companies are only there to make money and not protect its customers (pathetic I know). All the insurance company did was put me through to their claims dept who gave me the telephone number for an approved garage to take it in so they can have a look and give me a quote/courtesy car etc. If I do so, more than likely they will assess the damage and the insurance company will pay, but I am so terrified of the fact that I haven't been truthful with what happened, its actually keeping me awake at night. I realize this may be slightly dramatic but I really don't know what the best course of action would be here. I really want to phone and tell them but I am worried that as a result they will invalidate my claim, my premiums will skyrocket in the future and I cant afford to repair my car. Any info would be GREATLY appreciated, good or bad (I expect there will be a whole lot of slating me because of my stupidity).

    • ANSWER:
      As no one else is involved and it will cost them the same no matter how it happened you have nothing to worry about -telling the truth would not have hurt though.
      Better to leave it as it is now.

  48. QUESTION:
    Hit a deer, car hasn't been paid off yet. What happens?
    Policy is under my name with full coverage. I am still making a payment to my car.

    My bf doesn't live with me, and he was driving my car. He hit a deer while he was driving my car.
    Haven't contacted insurance company yet, but filed police report.

    500 dollar is comprehensive deductible.

    What exactly happens ( or have to do) next?

    I know in the morning, I will have to call insurance company.
    Do I look for place to get estimate---send insurance company the quote--- insurance company pays me or repair shop or the bank?

    And any tips to find a good repair shop will be appreciated, too.

    Thank you in advance.

    • ANSWER:
      Your insurance carrier should be able to send you to a body shop they work with. Normally they guarantee the work for the life of your ownership. It also is good as the adjuster handling your claim works with them on a daily basis.

      In regards to payment, depends on the damage. If the vehicles a total loss, they pay what they can to the finance company. Any overage will go to you. If it's repairable the check would be written with your name and the body shop. If your satisfied with the repairs, they'll have you sign off on the check.

  49. QUESTION:
    My car was stolen -- will claim make me loose my NCB?
    Hello, I've been with elephant.co.uk for two years and have never made a claim (2 years NBC).

    On 01/01/2007 my car was stolen, found but has been written off by my insurance company; obviously I've made a claim, being fully comprehensive.

    The problem I'm finding, is that I'm 24 and looking to buy a Mitsubishi Fto GPX 1998cc, now, if I have my two years NBC then although expensive, it's feasable for me to insure -- however if I have lost my NBC due to this theft claim, then the insurance quotes I'm getting for this vehicle are just stupid.

    I've read into the website FAQs on elephant.co.uk, and it states the following:

    "In the event of a theft claim your no claims discount will be reduced, as it is unlikely we will locate the culprits and recover the costs."

    What does this mean, reduced? Am I likely to loose all of my two years NCB or will they just reduce it to a year, or similar?

    Thank you.
    Looking at the answers so far, is there some kind of option for me to pay a fee, when making the claim, to keep my no claims bonus? as when I originally signed-up for the policy, 'no-claims-protection' wasn't around.

    • ANSWER:
      OK yes you will loose any no claim bonus accrued normally over the last two years

      That said if the stolen vehicle has a higher value than that of the increased insurance costs for a vehicle of that same insurance costing and you make the claim and are paid out in full. NCB gone

      However you do have the right not to make a claim or to pay the claim back. If the stolen vehicle value is lower than the future insurance policy cost it would pay you to consider this oprion. Paying the claim back would then restore your bonus and you can continue with the new car

      Insurance companies are reluctant to tell you about this one as it potentially looses them money

  50. QUESTION:
    why does raising comprehensive coverage lower my premium.?
    I called my insurance company to talk about getting a new car and was looking for a quote on my insurance premium increase.

    I currently have 500 for comprehensive, if i left it at that with the new car my monthly payment would be around 225.

    If i raise my comprehensive to a 1,000 she said it would lower my monthly payment to 180.

    Why?, And also if I'm just switching my policy to a new car, I don't have to pay another down Payment do I? Or do I just start paying the increased amount the next Month.

    Any help with as much info. as possible would be great.

    Thank you.

    • ANSWER:
      The number that you are talking about is the deductible.
      0 means if you had vehicle damage (hit a deer for example) and it caused 00 in repair costs.
      You would pay 0 and the insurance would pay the remaining 00.
      if you raise your deductible to 00 than in the same scenario you would pay 00 and the insurance 00.
      ****
      You should only raise your deductible to as much as you realistically could afford in the event of an unexpected event.
      ****
      As for the new car, you will just begin to pay the new increased amount on your next monthly statement as you correctly assumed.


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