New Car Insurance

Frequently Asked Questions

1. QUESTION:
   Can i start insurance on a new car with a new insurance provider before the current policy runs out ?
   My current car insurance policy runs out at the end of the month and I will not be renewing with them. I am getting a new car approx 2 weeks before the expiry date. Can i start the insurance with another company and 'overlap' the insurance ?

   • ANSWER:
     You CAN do that since you are changing anyway.

     You might want to notify your PRIOR insurance company once you have the NEW coverage in force - just to avoid any duplication of coverage and any "earned premium." If the company automatically renews and you don't inform them, they might try to collect for the time you had coverage in force.

     Just show them a copy of your NEW policy and they will cancel the old.

     That's the way it SHOULD be done.

     Good luck, drive RESPONSIBLY and I hope this helps!

2. QUESTION:
   Help with renewing car insurance when buying a new car very soon?
   My car insurance is due for renewal in the next couple of weeks but in June we were planning on buying a new car. What is the best way to deal with this situation? If I buy new insurance, do I just transfer it across to a new car and pay extra if it costs more? Will I have to stick to the same insurance company because a different car may cost a lot more to insure with them?

   • ANSWER:
     1 - normally when you get the new car you just have the policy altered and pay a difference or get a part refund if the premium for the new car is different.

     2 - early cancellation of a car policy nearly always means that you pay penalty and admin costs that would most likely outweigh the difference in premiums

3. QUESTION:
   if I move to a new state and buy a new car insurance policy, must I report violations in other states?
   i had two car accidents - one in arizona in summer 2004 and the other in texas in summer 2005, both of which i was at fault.
   at the time, i had california car insurance, which covered my accidents. i did everything legally and paid for my mistakes.

   i just moved to pennsylvania and need to buy a new car insurance policy here.
   do i need to report my prior car accdidents to my new insurance company? if I don't tell them about them, willl they find out anyway?

   • ANSWER:
     No, you don't have to - because it will show up on your record, and then you'll get either an "uprate" or a cancellation notice for failure to disclose.

     Believe me, they WILL find out. PA is hooked into driving records with the other states DMV's, AND the companies check claims records via CLUE report. And with two at-faults, you'll get the cancellation notice, which will give you 10 days, and then you're starting all over again.

4. QUESTION:
   What is the proper way to repaint a brand new car? Insurance question...?
   I recently had my car damaged in one of our Texas storms. It caused about 00 in damage to the entire left side, hood, and both bumpers, and knocked out two windows. I just got my car back from the "insurance suggested" body shop and I can still see where many of the rock marks were painted over. There are divets in the paint in a lot of spots, which is better than the metal that was showing before, but not how I want it. My question is, shouldn't they have completely sanded down the areas of the car that needed to be repainted instead of just painting over the paint nicks? The car is a 2006 Mustang that is practically brand new. Maybe I am wrong, but shouldn't the insurance company be fixing the car to the PERFECT condition it was in before it was damaged?

   • ANSWER:
     sounds like a botched, cheapo job -- that's why you have insurance, so that it covers to repair damages to your car. you should go back to the insurance and demand that your car be fixed properly. no professional paint job ends up looking like you described. end result should be like new. if insurance is difficult, call your state's insurance commission to complain and demand proper service.

5. QUESTION:
   About how long does it take to get plates for a new car through insurance company?
   I just bought a new car and i have no plates for it. How long will it take for me to get the plates if I'll be registering through my new insurance company in MA?

   • ANSWER:
     You get you plates from the State, not the ins. company. Go to your local Division of motor vehicles with proof of Ins.

6. QUESTION:
   If I cancel my car insurance (I don't have a car now) will it be difficult to get new insurance once I do get?
   I heard it is very hard to obtain new insurance if you let your insurance lapse, please help. Trying to save money until I am able to purchase a new car.

   • ANSWER:
     Sometimes you can call your insurance company and explain that you no longer have your car. Some companies might be able to do a total suspension of your policy and hold whatever money you already paid and hold your spot in their company for up to 6 months until you get another car.
     You should not be paying insurance on a specific car if you no longer have that car.
     I would recommend calling your company and discuss your options with them.
     Good luck!

7. QUESTION:
   How to start a New Car Insurance firm?
   I'm looking to start an independant auto insurance firm. What are the things envolved?
   I like to create a new insurance firm where the firm's policeis are independant.

   What legal blocks and or issue are there if any?

   • ANSWER:
     Your best resource is to go to your state's Dept of Insurance Web Site. You will need to be a licensed agent, financial stability, state bond, merchant bank account, fast internet connection, "know" people within the business, experience and a high enough bond amount to gain company appointments, etc. etc. Not easy but can be rewarding if done right.

8. QUESTION:
   My fiancee and I are going from our parents' insurance to buying a new car. How does insurance work here?
   My fiancee and I are thinking of buying a new car. (2 names on title) Both of us are covered under our parents' insurance, and neither of us have owned a car before. How does insurance work here in terms of transferring to the new car? Do both of us need new insurance? Any other factors or considerations?

   • ANSWER:
     If the car will have both your name and and fiancees name then you both will have to take out a policy covering you both for that car. I assume that neither of your sets of parents names will be one the paperwork to buy the car so they are not responsible for it.
     Your ages and driving records along with the year, make and model of the car you buy and where you live and driving habits will help an insurance agent determine your cost for a policy.

9. QUESTION:
   can i switch over car insurance to new car/ Montana to Wisconsin?
   I had insurance for my old car when i was living in Montana, liability coverage or whatever is the cheapest. I got rid of my old car, moved to Wisconsin and bought a new (used) car. Can i switch my insurance over to the new car i bought? I got my insurance through AAA> Any advice would be helpful>thanks

   • ANSWER:
     No.
     You would need to reapply for new insurance in WI for your new car. Even if you still had the previous car you would have had to get a new Wisconsin policy on it once the MT policy expired at the latest. Simply contact a local agent to see about getting a policy (through AAA if you liked them) or shop around for a good price in your new address.

10. QUESTION:
    is there a site that tells new car insurance groups?
    Is there a site that tells you the new insurance groups of cars under the 1-50 rating instead of the old 1-20?

    • ANSWER:
      http://www.thatcham.org/abigrouprating/index.jsp?page=343

11. QUESTION:
    How to get into a new Car Insurance?
    About 1.5 yrs back my wife scratched another car while parking. The claim was settled using insurance. The expense was about 00. Ever since that the insurance company, AAA, has been increasing our premiums by abt on every renewal. Now I cannot switch or shop with other insurance company since they give quotes much higher than this company. But apart from this one incident we do not have anything else on our record. Also I get discount for Home+Auto insurance. The company increased prices on our Home Insurance too. I am badly stuck with this company now. I would like to buy Auto+home from one company itself. But I really cannot move my Auto Insurance. Please give suggestions.

    • ANSWER:
      They seem to be the cheapest, so what are you complaining about? I would check into higher deductibles to lower your insurance cost.

      Drives me crazy (no pun intended) for someone to put a claim in on their insurance, expect the company to pay (in your case, 00.) and then switch carriers. They paid your claim, didn't they? Boo, hoo, your rates increased.

12. QUESTION:
    Getting car insurance on a new car?
    I'm planning on buying a new car in the next month or so because my old one is falling apart. My car insurance that I have now is actually my mom 's and I wanted to get my own policy for the new car. Do I have to buy insurance before I buy the new car.

    • ANSWER:
      Unlike DW, I am not so sure you would get 30 days automatic insurance cover under your mothers policy - I would definitely check that out.

      Once you buy the car you are liable for it as the owner though and should insure it, so the answer to your question is yes. How you get insurance depends on what your moms insurance company say.

      Are you keeping the other vehicle? If you are then you are probably going to need to insure this new car in your own name. This could be expensive as you have not been building your own no claims bonus up.

      I know Direct Line have offered a discount based on named driver experience (which is what you have) but I think you have to be insured with them to start with.

      If your mom is not keeping the original car, why not just change it over on the existing policy?

      Incidentally, if you are the main driver, you should not insure in your moms name. Insurers call it fronting, it is fraud and they could innvalidate your policy if you get caught!!

13. QUESTION:
    What happens if you lie to a new car insurance provider?
    I was cancelled for reasons out of my hands, apparently the insurance person didn't record I had spoken to them during a conversation. So my broker cancelled my insurance.

    Now everywhere I go they want to charge me a lot more for thsi cancellation and I can't get through to my company to try to have the cancellation revoked.

    What happens if I apply to another car insurance company and say i wasn't cancelled. I pay ontime there's nothing wrong, are they going to find out about the previous company somehow?

    • ANSWER:
      Thy have access to insurance records or will contact your previous insurance company and check. If they find out you lied they will cancel you. Or if not right away when you have a claim they will deny the claim and then cancel you.............You cant beat the insurance company............md

14. QUESTION:
    What do all of the new car insurance groups mean?
    I am looking to but a second hand car but am slightly confused by all of the ´´insurance groups´´, so what does 4a mean - high/low some where in between? Does it mean that group 1 is low and group 10 (for example) is high? What about all of the letters?

    • ANSWER:
      General rule 1 is a cheap, micro car like a citroen c1 or similar, group 20 is an expensive, fast car like a porsche, not 100% sure what the letters represent but have seen that also...good question

15. QUESTION:
    Is car insurance cheaper for used cars than new?
    I hear a lot that when getting you're first car that you're supposed to buy a used car and not a new car because auto-insurance is going to be cheaper. Is there any truth behind this?

    • ANSWER:
      hello

      Get free quotes for your auto insurance.This is the cheapest website .

      http://Save-Car-Insurance.Info

      Really hope I'll help you

16. QUESTION:
    Do you purchase the new car or car insurance first?
    I want to buy myself a new car. I have never done this before. My parents have always taken care of things and now I want to do this on my own. I want to put down a ,000 down payment/cash and I have no credit. Will this be possible?

    Do I look for insurance first? Or do I buy the car first?

    • ANSWER:
      Do you have insurance already? If so your current insurance is good for 14 to 30 days depending on the company by this I mean your coverage will cover you on your new vehicle without notifying the insurance company but you should notify them as soon as possible if you do not have any insurance it is likely the car dealership will sell you the car anyway but if you get into a accident your 15000 you put down just went to waste so make sure you have some coverage. hope this helps and dint wait until the last day of your grace period where your insurance after the fourth day will go down.

17. QUESTION:
    Do you have to declare motorbike insurance claims on a new car insurance policy?
    My husband is about to get a car after years riding a motorbike, he has had a few claims on his motorbike insurance. I was wondering if we had to declare them to the car insurance provider or if this wasn't neccesary as its a different type of vehicle.

    • ANSWER:
      yes you do.

18. QUESTION:
    Will my new car insurance company find out I lied?
    A unique (perhaps?) situation: I have a Washington State driver's license. I got a speeding ticket two years ago in Massachusetts (and paid it). I was driving someone else's car when I received the ticket. I now live in Connecticut and am about to switch car insurance companies. Given the multiple states I've mentioned above, how likely is it that a CT insurance agent will find out about my fairly recent ticket? Thanks for your help!

    • ANSWER:
      There is a pretty good chance they will find out but that's not 100% guaranteed. There is a national driver registry and if Massachusetts reported you ticket to them then the information is available.r

19. QUESTION:
    What do I do about car insurance when buying a new car and trading in my old one?
    We are planning on buying a new car soon and trading in the old one. How does insurance work? I'd like to shop around for the cheapest deal but that isn't possible if I don't know what car we are getting yet. Also I have only just renewed my car insurance this year. Will there be a penalty if I cancel that policy?

    • ANSWER:
      1. Cancel a policy early and you will typically pay about 2 months worth of insurance more than what you have used plus an administration fee which can be as much as £80. Your policy documentation will have the terms for early cancellation set out in it.

      2. You will lose the benefit of the short term policy adding to your NCB and it may make it difficult to prove NCB to a new insurer as you do not have the renewal for the one you wish to cancel yet.

      3. Most people will simply change their existing insurer.

      4. Until you know what car you are getting you cannot get a quote. Once you do know your current insurer will quote you for the change if you simply ask them

20. QUESTION:
    Does car insurance pay sales taxes and destination charge if your brand new car gets damaged?
    Does car insurance pay sales taxes and destination charge if your brand new car gets damaged?

    If your brand new car gets damage totally. what does the insurance company pay for?

    How long after buying brand new car does the insurance consider it not new any more?

    • ANSWER:
      no, they will value it at what they are selling for at the auction. Hope you had GAP insurance, other wise you will be responsible for the difference

21. QUESTION:
    how much will be my car insurance for new or used car?
    I am planing to buy a car.I am thinking to get a new one but i am afraid of high price for its insurance.I am a new driver,till 25 years old,no driving experience,NJ.I need a professional advice,please.
    Maybe to buy a used one is a good idea but the new car is less headache.:)

    • ANSWER:
      Try filling a form here http://gsx1.com/InsuranceComparison.html
      it's one form to get a number of quotes from different insurers. It's free and a big time saver, these are all the main American insurers competing to get your business so you are bound to find something that suits you, if it works out remember my points please

22. QUESTION:
    Do I need to purchase insurance before I buy a new car?
    I am on my parent's policy (Geico) right now and am the sole driver on one of their cars. I am buying a new car this weekend and going on my own insurance (Progressive) with the new car. Do I need to get the new insurance before driving the car off the lot? How do I do this without having the VIN number or loan company yet? Will my parent's insurance cover me for a few days until I get my own?

    I live in Florida.

    • ANSWER:
      The dealership will fax the VIN number to your insurance company, they will fax the dealership temporary insurance slip, its all taken care of at the time you purchase the car before you drive off the lot.

23. QUESTION:
    I am looking for good insurance on a new car.?
    I am 21 years old and getting my first new car. Where do you suggest I look for car insurance?

    I don't have the best driving record. I had an accident in Nov 2002 and a speeding ticket in July 2003.

    I want to get a lot of coverage, but I don't want to be paying anything outrageous. How much should I be expecting to pay for car insurance?

    • ANSWER:
      Good is a relative term. The first thing you have to do is to determine your budget for the entire purchase. You need to check with several agency's to determine what types of cars have the lowest insurance rates and then compare that list with your list of desired vehicles. Once you have chosen a vehicle that you like and that has a low insurance factor you need to shop insurance companies just like you shopped for the vehicle.

      The best place to start is with the majors, State Farm, All State, Farmers and American Family. These companies are some of the best at customer service and claims handling because of their size. You will also get a personal agent and that means you will always (9-5) have an actual person available to call if you have a question or a problem. If you choose one of these companies make sure the agent has an office with several junior agents this makes getting a hold of someone much easier. The other benefit of going with one of these majors is that they will be able to help you with other types of insurance, health, life, personal articles and disability when you get to the point in life when you need those types of products. The majors also have very large legal departments and they can and will defend you vigorously should you ever have any legal issues involving your insurance coverage. State Farm also has a bank which offers very attractive finance rates for new and Prue-owned vehicles. In a nutshell the major insurance companies have a lot to offer. Of course there is a down side. They can be very selective about who they insure at great rates. Your driving record doesn't sound too bad and you shouldn't have a problem but know that if you have another accident they may penalize you for your record and you could be shopping for insurance again. That brings us to the on line insurance companies and brokers.

      The on line insurance companies are less selective. They are more likely to insure someone who has a poor driving record or credit score. Yes, I said credit score. The insurance companies are now using your credit score as one of the factors to determine what your insurance rates will be. They believe that a person with a better credit score makes better judgments and is less likely to make an insurance claim. The on line companies are very convenient when it comes to setting up your insurance coverage and getting quotes. Some of them will even give you quotes for their competitors. Of course all of this convenience will come at a cost. In most cases, not all, you may pay more for insurance at an on line company than you will pay at a major like State Farm. You will also ave to do all of your business on line and over the phone via an 800 number. Coverage after an accident may require a few extra steps as well although some of the companies have mobile claims adjustor's that make the claims process very smooth. The online companies can be a good way to go if your need more flexability and are not interested in having a long term relationship with your insurance agent. And that brings us to the brokers.

      The insurance brokers represent many different insurance companies. These are companies that do not have offices that you can walk into. They are large companies that sell all of their insurance through agents. When you work with an broker they attempt to find you coverage that fits your situation. They are also compensated by these companies so watch out for brokers who push certain companies more than others. The companies usually deal in riskier insurance types. People with a DUI, SR22 or multiple speeding tickets are more likely to use one of these companies.

      With all that said the most important thing you can do is gather as much information as possible before choosing a car or an insurance company. You record s not that bad and it should not be a major factor in your insurance rates. Buy a fair amount of coverage 200/500 (comp/collision) but not too much and expect to pay around - 0 per month depending on where you live, what your credit is and what type of vehicle you choose.

24. QUESTION:
    Who offers the best deal on new car insurance in WA State for someone w/ perfect driving record?
    Has not had insurance on their own car for over 2 years because she used a relatives car that was insured for anyone who drove it. Also, not great credit. Still 43 years old and no tickets?
    The car is a brand new acura rsx-s 2006. Thanks for your help!!!!!

    • ANSWER:
      You can get free competitive, no-obligation rate quotes from several companies at each of these sites:

      http://necessaryvirtues.com/recommends/insureme-auto

      http://necessaryvirtues.com/recommends/insure-auto2

25. QUESTION:
    Can i repair my car's old dent with new insurance?
    Actually i got a dent for my car few months back.and now i am thinking to change my car insurance comapy where i can get for low insurance price,soo after i changed to another new insurance company,will the new company repair my car's old dent?or will the new insurance company will charge me more insurance by seeing the dent?wat is the procedure,iam confused abt all these.

    • ANSWER:
      Yes, you can: it's called insurance fraud.

26. QUESTION:
    How long will my current insurance cover the addition of my new car, before I add it to the policy?
    I have an older car w/ full coverage. I just bought a new one, and the dealer told me my current insurance policy would cover my new car for a while til I could add it on. I'm looking for a new insurance company to cover my car, but I need to know; for how long will my old policy cover my new car while I'm shopping for a new policy?

    • ANSWER:
      Your policiy would have the time limit in there. In addition some states require it be anywhere from 7 - 30 days. Only you agent will know how long your policy covers a new car.

27. QUESTION:
    Buying A new Car, do I get new insurance before or after I buy it?
    The Dealership said that I need to bring my insurance, does that mean I need to go to my insurance office and have them switch what car I have. Or Do I do it after I buy the car?

    Also, my old insurance was under my mom's name, and the new car is going to be under mine and hers.

    Thanks!

    • ANSWER:
      Get the cars VIN, etc., Call the insurance company and get it insured, then go pick up the new car.

      Have you given any thought to asking your insurance company what the procedure is? Don't you suppose they could advise you best?

28. QUESTION:
    Do I need to report a "Failure to Inspect" ticket when finding new car insurance?
    I just got this ticket last week, and would like to quote car insurance rates online. They ask for traffic violations on the online form, and I am wondering if I should report this? Thank you!!

    • ANSWER:
      Normally, only moving violatiions (speeding, red light, etc.,) affect your rates, but not getting a required inspection could affect your eligibility for insurance; it would depend on the company. Bestter to put it down and not need it than to omit it and find out otherwise..

29. QUESTION:
    I crashed my vehicle and the auto insurance company will buy it from me. Next car = New Insurance company?
    I crashed my vehicle and the auto insurance appraiser said AllState will purchase the vehicle from me because the cost to fix it will be more than what the car is worth.

    When I buy my next car, should I go with a different auto insurance company because my premium would go up if I stayed with AllState for the new vehicle?

    • ANSWER:
      Your premium will go up, regardless.

      Unless you decide to make a fraudulent report, and NOT tell your new insurance about the accident.

      Which they will be able to find out anyway.

30. QUESTION:
    What would I need to do to get car insurance (new driver)?
    I plan on leasing a car and paying monthly, but I'll need car insurance. I'm 21 and a new driver, Where should I get my car insurance? And how much will i be looking to pay for a car in the 2004-2006 range?

    Thanks.

    • ANSWER:
      buy the car/leasing an old car is not the way to go/insurance depends on local guys and car/do not lease old car

31. QUESTION:
    I just moved and need new car insurance. I also have no medical. Can I cover both through the same company?
    I've heard that State Farm and Allstate are now offering some medical packages. My wife and I don't necessarily need a lower copay for normal doctor visits, but we'd rather not go bankrupt if something catastrophic happens; accident, disease, etc. Has anyone had good experiences buying health insurance this way? How much does it cost roughly for your plan(s)? Neither my wife nor I are currently working full time so we don't get health through our jobs. Any advice would be appreciated. Thanks.

    • ANSWER:
      Pick up your yellow pages and look up insurance. Depending on the size of your city...,.... you may have several pages to go through. I've found that a mutual insurance company can be the best at keeping your rates low.

32. QUESTION:
    When buying a new/used car, will the dealership make you have insurance before driving it off the lot?
    I am buying a new car this week, but the current car I am driving (well, not really since it does not work right now) I do not have current isurance on. When I go to buy the new car, will they make me have insurance for the new car or can I renew the insurance on the current car for the new car until I get new insurance for the new car?

    • ANSWER:
      IF you take out a loan, then you will need to have verifiable insurance...and it has to be full coverage. If you have limited liability insurance on the car you are trading in, then you have to upgrade your insurance before taking final delivery. If you pay cash, they it's not the dealerships responsibility.

      If you go to buy a car on a Saturday, Sunday, or any day your insurance company is closed, then most dealerships will place you on a dealer tag and have you sign a rental agreement, which means that you are covered under the dealerships insurance if you need....however most dealerships have high deductibles. IF you don't have insurance, you can get an insurance binder for a month or so of coverage. Talk to your dealer reguarding binders.

      If you are trading in a car with full coverage, then you have a grace period, which varies from state to state as well as insurance company. If you lease, you must have full coverage and sometimes more coverage for bodily injury...100/300 and so on. I hope this clears things up for you!

33. QUESTION:
    Does my current car insurance cover my new car?
    I bought a new car on Friday afternoon. My insurance agency has a recording to call back on Monday. Will my current policy cover me while I drive my new car this weekend?

    • ANSWER:
      My insurance company has always told me that I have 48 hours to call them with the new car information. My guess is that you're OK for the weekend, but call them Monday morning.

      BTW, a previous answer mentions something about gap insurance. That's wrong. This has nothing to do with gap insurance.

34. QUESTION:
    If I bought car insurance in one state and then move to different state do I have to buy new insurance?
    I bought insurance for the year in one state but just moved to a different state where I will have to register my car again and get a new license plate. If I already paid for the year, do I have to get new insurance? If I do have to get new insurance, can I get my money back because I didn't drive for the whole year while under my insurance company's policy?

    • ANSWER:
      First thing to do is check with your insurance company. If they provide coverage in the state you have moved to, then they may just have to adjust your policy to comply with the requirements for that particular state. If they do not provide coverage in the new state then you have to also contact them and find out about getting a refund for the unused portion of the policy. I believe most companies will provide you with a prorated refund of the unused term of coverage. Try this site to find the best car insurance

      http://car-insurance-quotes-usa.blogspot.com/

      Here you can get quotes from different car insurance companies in your area, its the best way to find an affordable car insurance with a reliable company.

35. QUESTION:
    What is the minimum to maximum cost of insurance per year for a new car in Toronto?
    Kindly help if any additional information you can share and which areas for new cars dealers & insurance will be good?
    Thks in advance & appreciate your time.

    • ANSWER:
      Insurance companies offer rates that are dependent on a number of factors:

      1) Value of the car to be insured, and its make/model
      2) You driving record (accidents, traffic tickets, suspensions)
      3) Likelihood of that vehicle to be stolen in your area
      4) How much you drive (km) per year
      5) Your age, your occupation, your marital status

      I am in the process of looking for a new car, and I have called about half a dozen insurance agents. For a new four-dor family sedan, I have been quoted prices ranging from 0 all the way up to ,700 per year.

      If all you want is a rough idea of costs, then go online to one (or more) of the known insurance companies. On their websites, there are forms you can fill in, you answer a few questions, and they tell you what it will cost you.

36. QUESTION:
    What does new car replacement mean on car insurance?
    I am buying a new car and thinking about taking new car replacement instead of gap insurance

    Thanks

    • ANSWER:
      A new car (of the current year) is purchased to replace your car if it is damaged beyond repair.

      You pay more for that, usually, but some insurance companies do that for the first year or two with a new car anyway. I did that for the first 2 years so that if the worst happened, I would still have a new car if an accident occurred, and not have to wait for a used one to show up, but it was included with collision insurance with my company.

37. QUESTION:
    Insurance on a used car verses a new car?
    My dad says that if I buy a new car my insurance will double or even more than my insurance on my used car. Is that true?

    • ANSWER:
      Not exactly.

      If you buy a brand new 2011 Honda Accord, the insurance will cost exactly the same as a USED 2011 Honda Accord.

      But when you buy a brand new car, unless you pay cash, you HAVE to put collision and comprehensive coverages on the car. For young drivers, the collision usually costs more than the liability.

      Additionally, the value of the car depreciates most, after four years - so when you insure a car WORTH more, it's going to cost you more to insure it.

      So, yes, an old car isn't worth so much, the insurance on it is cheaper. But it's not a new/used issue, it's how much the car is worth.

38. QUESTION:
    how long do i have to add new car to insurance policy in virginia?
    how long do i have to add new car to insurance policy in virginia?

    • ANSWER:
      Most states have it If you are driving it old, new doesn't matter it has to be covered by insurance. if it is just sitting or being towed (Tow Truck Service) then no coverage is needed . But your bank can say otherwise if you borrow money on the car.

39. QUESTION:
    How much do you think my first year of insurance would cost with a v8 engine as my first car in new york?
    If i am 16 how much (average) would my first year of car insurance in New York cost if i get an 8 cylinder 5 speed car?

    • ANSWER:
      Hello new driver

      If you are a young driver attempting to find cheap and affordable car insurance you are probably already aware of the challenge that lies ahead. The statistics about teenage drivers aren’t good. According to the Insurance Institute for Highway Safety (IIHS), 16-year-olds get into accidents almost six times more often than drivers between the age of 30 and 59. No wonder car insurance premiums are so high for this age group. It has always been difficult if you are aged between of 16 - 25 to insure your car affordably, and although car insurance companies are beginning to recognize the need to supply this ever expanding market, it can still prove to be hard to find a reasonably priced car insurance premium.

      For instance, young drivers will often own older or less maintained vehicle compared to other drivers, which means they are more likely to break down and potentially cause an accident. Teenage drivers are also more likely to have accidents which can either injure themselves or the other party.

      However, parents should be aware if the fact that there are several ways that can help lower car insurance costs for your teen. In order for teen drivers and car insurance to work well together, parents need to know the factors that will help contribute to paying less for their son or daughter’s auto insurance in the future.

      The first thing that insurance providers look into when giving a car insurance quote is the driving record of the person. Teenagers that have a good driving record may merit consideration. What that means is that you can help keep your teen focused on safe driving by having him or her pay a portion of the auto insurance premium. Also, be sure to let your teen know the consequences of getting traffic tickets.

      Before you purchase your car it is also worth researching which insurance group it will fall in, so that you can ensure you will be able to get the cheapest possible insurance.

      Finally, by using Insurance4lessdirect.com you can rest assured that we will strive to find you the cheapest car insurance premium that will provide you and your teenager with the best cover.

      Did you know: If you’re adding your teen driver to your auto insurance policy, be sure to take advantage of the auto insurance discount for good students, available in many states.

      For quick and free 50 state insurance quote comaprison visit: http://www.insurance4lessdirect.com.

      Don't forget to talk to your parents too.

      Good luck

40. QUESTION:
    How do I start a new car Insurance company?

    • ANSWER:
      You think of a catchy name, come up with a slick website and have people start sending in the money. Seriously....it takes a HUGE amount of capital investment just for starters. I would say you do not have the money or the business background to start such a company.

41. QUESTION:
    My car has been tranferred name, if I still drive the car, do I need to buy new car insurance?
    I am existing car owner, due to financial problem, I transfer my car to my brother's name. However, I still drive the car, would I need to buy new car insurance for myself, or I can still using existing one

    • ANSWER:
      the insurance must be in the same name as the registration.. therefore, if your brother's name is on the registration, *he* needs to insure the vehicle - by adding it to his existing auto policy if he has one, or applying for a new one, if he doesn't. however, *you* need to be listed on his policy as the primary operator for that vehicle.

42. QUESTION:
    New Car writeoff value by auto Insurance Company?
    My car insurance company has decided to write off my brandnew 2008 model car driven for less than 2000 KM. Black book is giving value for models till 2007 only.

    Can I expect 100% of new car value from them? WIll it be negotiable? Do I need to hire a lawer if they offer less as only reason I am buying a new car is accident ( due other party's fault and accepted by them too).

    • ANSWER:
      If you have a problem with this claim - do what I did.

      You tell them nicely but firmly that their offer is generous but not acceptable - then you tell them (not ask, TELL) them to replace the car with exactly the same model, same colour, same condition and same mileage. Then send them forecourt prices obtained from the dealer showing REPLACEMENT value ON THE FORECOURT. That is the replacement value - I did this and got FULL value

      This is the minimum you will accept.

      In fairness, for a car this new - you shouldn't get a problem.

43. QUESTION:
    I want to take my new car abroad for 12 months, how do I get cheap car insurance?
    I have a new car (well used new car) that I want to take to Germany for 12 months. One insurance company quoted me £8,000! What are the best companies to get a quote from? Either that allow this under the policy, or will charge a reasonable fee for a green card on top of the normal insurance policy.

    • ANSWER:
      try AA
      but most countrys you only have 6 months
      i now live in spain & it 3 month befor you have to re register the car

44. QUESTION:
    how to get a cheaper car insurance in new jersey?
    i leased a car a year ago and allstate just add 500 dollars on my premium and actually my car insurance is way more expensive than my car note. although i have 2 points on my drivers licence but it has been almost two years now and since i havent had no moving violation. Am planning to take a online defensive driver class to remove them. Please let me know what should i do to lower my premium or where to go cause its killing my finance. i am living in new jersey.

    • ANSWER:
      Take a DDC defensive drivers course, in many states you can lower your rates as much as 20 percent.

45. QUESTION:
    Is it possible to cancel the signature of auto insurance for new car?
    Hello,

    I have just bought a new car in a Toyota car dealer: They have found for me an insurance for the car, comparing with different insurance companies. But now at home, I am trying a quote with Geico, and it seems that I could probably get a better price with this company (not completely sure, I need to call them).
    Is it possible to cancel my signature as I did not receive the policy yet ? and I did not get my car yet (but tomorrow) ?
    I don't know if here in USA we have the possibility during some days (one week for example) to retract ourself....
    Thanks for information.
    but is it possible not to start to pay a new car insurance and to change for another one....
    I have paid totally my car by cash, and I will take it probably tomorrow. I have signed all the documents for the car insurance today.... but I am hesitation to contact Geico company since they seem to do better price for me..... I don't know if is possible to change right now..... and to cancel the first insurance (already paid for one full year).

    • ANSWER:
      This is going to be very lengthy so forgive me. Lots of people make big mistakes in situations just like these.

      YES, that policy can be canceled and you can even request a back-date cancellation. This will make the policy as if it never existed which means you'll get the full amount of premium back. You'll just need to ask them specifically for a backdate cancellation and tell them that it's because you didn't take posession of the vehicle. That's the only way they'll do it.

      As for this other policy with Geico, yes. Get it started up! But here's your hanger:

      You aren't going to get the money you paid the other insurance company back in time to spin that money around to pay Geico, not unless you contact them the same day that the money is taken. With most places, the payment has already been processed. They'll have to send you a refund which generally takes 7-14 days. As you can see, this will put you in a little bit of a bind since you're going to have to pay Geico to start the policy to take posession of the vehicle or leave this other policy in force.

      My advice to you?

      Go on and cancel that other company just ASAP, ask for backdate cancellation. Pay Geico for the first month (provided you're not completely broke by now), then send that money from the refund in to Geico to pay for the rest of your policy period.

      When it comes to the amount of time you have to retract yourself, the ONLY way you can do that is if you didn't have the vehicle yet.. and that's only because no service was actually used during the time that you had that policy. You didn't drive a car, and you didn't drive the car that they had insured. If you already had the vehicle, then they have every right to keep a portion of that premium you paid since they technically were covering you for risks while you had the vehicle.

      Does that make sense?

46. QUESTION:
    About how much will my car insurance go up after new car purchace?
    I currently have full coverage on my used car, and will be trading it in. Will my insurance jump up? I currently own a 2002 alero and will be buying a 2010 vw gti.
    OH yea when I purchace this car I will be 25 one month before.

    • ANSWER:
      Yes,it will go up,but only the section that covers damage to your car in proportion to the value of the vehicle. Car models with high assident rates,such as overpowered Mustangs,cost more to insure due to the losses incurred ,and 2-seaters are high cost vehicles to insure. As to your age,I wouldn't mind trading a higher premium for 50 years! If you have to fret over the cost of insurance you can't afford a car.

47. QUESTION:
    getting car insurance for a new car but i have a point on my license?
    does anyone know how much it cost or what is the difference to pay when getting car insurance if i have a point on my license. i just bought a used car and i want to get car insurance for it under my name. however, i have a one point on my license. anyone know how much of a difference in cost a point would cost? or anything else i should know?

    • ANSWER:
      It depends on insurance company and also on many other factors like how old is your point. In some states it goes away in 2 years while other states take 3 years.
      How old are you?
      What kind of coverage you have takes?
      Have you gone for any driving training?

48. QUESTION:
    Can i change my car insurance over to a new car after 2months ?
    Is this possible and how does it work ? Can i change it over , let me know please , Thanks

    I have car that i only plan on having for 2months and then getting new car , is it easy to change it over to new car and what does it cost ?

    • ANSWER:
      ring your insurance up and give them the details of the new car they will then tell you if your premium has either gone up/down or stayed the same. depending what size engine you have moved up from it should'nt go up that much unless you have a little 1.1 fiesta and you change to and ST220(MMMMMM MY DREAM CAR)

49. QUESTION:
    How insurance coverage work for new a car ?
    Hi,

    I intend to buy a car by the end of this month on the weekend (I work from Monday to Friday and do not want to skip working).

    I will use my old car for trade-in. And I will switch my current insurance on to the new car. Since it all will be happening on the weekend (my insurance office closed), I will have to switch the insurance on Monday.

    If something happen to the new car before the insurance switched (sometime before Monday), who will cover the car ?

    Any advice ? Thank you...

    • ANSWER:
      If you drive the car without insurance, and something happens, it's not covered.

      Call your agent and tell him you are buying a new car. If you can get the VIN in advance of the sale, it would be helpful. Ask him to get you covered before you drive it. He should be able to help.

50. QUESTION:
    where can i find realy cheap car insurance for new drivers?
    thier are places that have insurance for new drivers for like £100 or something like that. at the moment car insurance for me is £2000 and thats just a rip off i need cheaper options !

    • ANSWER:
      swift cover . com or tesco, but tyhere's no way you will get insurance for £100.00
      a new driver insuring a corsa 1000cc will expect to pay around £1000
      sorry