Senior Citizen Car Insurance Premiums Louisiana LA
Reader’s Question:
Is it legal for car insurance companies in Louisiana to raise their premiums for people over the age of 75?
Vincent
Baton Rouge, LA
All car insurance companies employ insurance risk selection methods to determine whether or not to insure an individual and to decide on what insurance premium to charge. The government can mandate insurance premiums. It can also be determined by car insurance companies based on the regulations set by the government. But if the premium is not mandated by the government, insurance actuaries derive their calculations on statistical data. This means that premiums may differ depending on various factors assumed to have impact on expected future claims. Car characteristics, car usage, coverage preferred, and the drivers’ profile are some of the factors that can be included.
Majority of car insurance providers charge higher premiums to drivers over 75 to offset the risk since senior citizens have a tendency to file claims more than most other ages. This way, car insurance companies are trying to minimize their liability for insuring a high-risk age group.
Since you are looking at lowering your premiums, shop around. Insurers use different methods to calculate risk. There is a good chance that you may find lower premiums from another company in Louisiana. It is best to talk with an car insurance agent who represents multiple companies, so that you can get as much information as you need about numerous company offers instead of calling the companies individually.
Tags: auto insurance claims, auto insurance premium, Car Insurance Company, high risk insurance, senior car insurance
Car Insurance Premiums in Nevada
Reader’s Question:
My car was stolen a couple of days ago in Nevada, and I have already filed a report about it. Do I still have to continue paying my car insurance premiums?
Bree
Spring Valley, NV
One thing you can do first is to file an insurance claim for your stolen car with your insurance provider. However, if your premium payments are due immediately, then you should contact your local insurer to find out whether you have to pay the premiums even if your car was stolen, or you have to wait until your insurance claim gets resolved.
You should also consider the possibility of your vehicle being recovered by the police; otherwise, you don’t have to pay for the premiums. If the thief gets into an accident and injures people with your stolen car, you will not be held liable for that incident.
Moreover, there are companies there in Nevada that includes car theft in their policy, which means that if your car gets stolen, the insurance company will pay for the expenses in repairing your damaged car or completely replacing it. Remember that the more coverage you have, the more protected you are, in spite of the high premium rates. Call your agent to make sure if you have coverage should your vehicle gets stolen.
You may need to pay the company or the bank that’s financing your stolen vehicle until your insurer complies with your claims. But if delays occur in your claims, and you exceeded your required payments, the insurance company will repay you together with interests. So, be sure to contact your local insurer as well as your bank regarding this matter.
Tags: auto insurance claims, auto insurance coverage, auto insurance premium
Auto Insurance for First Car Michigan MI
Reader’s Question:
Hi there. I’m planning to buy my first car next week. It’s not really a new car, so I was wondering if I will still have to get insurance for it. I live in Michigan.
Andrew
Detroit, MI
Hi Andrew, you must be really excited to get your first car. My first car was a lemon, too, but I loved every bit of it. However, no matter how old your new car will be, you will still need to have it insured in order to drive it legally. Most states will require proof of adequate insurance even before allowing you to register your vehicle. In Michigan, the minimum insurance limits are 20/40/10 or translated as 20K for bodily injury per person with a max of 40k per accident and 10K for property damage.
If you haven’t decided on a vehicle yet, it would be good to know that some vehicles cost less to insure than others. Also, some car insurers provide additional discounts for vehicles with safety gear or anti theft devices. Since you won’t be driving a brand-new car, it shouldn’t cost too much to have it covered. You may want to look into getting full coverage for your car. Look into getting comprehensive insurance, collision insurance and personal injury liability, as well. Of course when you graduate to a new car, please remember that you cannot just carry over your old insurance into a new vehicle. You will want to up your insurance coverage limits to make sure it can cover the cost of repairs to your new car.
Tags: auto insurance, auto insurance coverage
Save On Auto Insurance Premium San Antonio Texas
Reader’s Question:
Hi. My name is Steve. San Antonio, Texas is a nice city to live in. However, I need to tighten my belt really bad or I will be in financial ruin. Can you give me tips on how I can save from my car insurance premium so I can stay living in the city I love?
Steve
San Antonio, TX
Steve, when times are hard and when hard pressed, we are forced to look for ways to adapt to our situation. We know that car insurance really eats up a large amount of our budget. So, here are a few tips on how to save on your car insurance premiums.
- First and foremost, be sure to follow road rules. Following road rules will keep you from being issued traffic tickets. Drunk driving or DUI apprehension will get you on a high risk list for 3 to 5 years and will result to higher premiums.
- Second, insurers look for clients that stay in one job for at least three years. Staying in one job gives you a profile that you are safe and stable. This will make your premiums go down over the years.
- Third is taking defensive driving courses. Car insurance companies will give you discounts if you show them your certificate that you attended a defensive driving course.
- Fourth, you can move to a safer neighborhood. Moving in the suburbs will subject your car to fewer risks.
- And lastly, avoid making a claim from your policy if it’s just minor repairs. Having zero claims will reward you in less premiums and deductibles over time.
By the way, my wife is from San Antonio, Texas, too. We San Antonians should stick together.
Tags: auto insurance, car insurance, cheap auto insurance
SR22 Car Insurance Certificate Boise Idaho ID
Reader’s Question:
I had a car insurance lapse for a year and a half in Boise, Idaho. I am planning to get insurance again from a different auto insurer. I am just wondering what the consequences and penalties are in this kind of situation?
Mark
Boise, ID
You should be able to get car insurance in Boise, Idaho and have your car insured but normally you will find higher car insurance rates because of the lapse in your car coverage and if your car insurance was terminated for non-payment.
Before getting auto insurance you will first have to take care of any issues, like suspension of your drivers license that the state of ID may have put upon you due to being without insurance for more than a year. The Idaho Department of Transportation states that in Idaho if you fail to carry car insurance your driving privileges will be suspended.
The Idaho driver’s manual states that if you violate ID insurance laws, for the first offense, you will be required to provide proof of financial responsibility for a year. With a second offense in a 5-year period, you will be required to provide proof of financial responsibility for a period of 3 years. This certified statement of liability insurance coverage form from your insurance company is also known as sr22 certificate.
Tags: auto insurance, sr22 insurance
SR22 Automobile Insurance in Rhode Island
Reader’s Question:
My wife is unable to get a drivers license in the state of Florida and she was told that she need to get an sr22 in Warwick, Rhode Island? She would like to know how she can get that?
Jim
Warwick, RI
According to the Rhode Island Department of Business Regulation (RI DBR) your wife needs to purchase auto insurance in Florida insurance carrier is licensed as well to do business in the state of Rhode Island. The insurance company will be able to provide her the financial responsibility certificate or sr22 that she needs and what the state is mandating her to carry.
I would suggest that you check with the Rhode Island DBR website to get a list of insurance providers that are license in the state of Rhode Island You may also check the insurance department in the state of Florida for a list of insurance providers to know which insurers are licensed and authorized in both states.
If you and your wife are now living in the state of Florida you can obtain the Florida car insurance that is needed and since it will need to be with an insurance provider that also sells auto insurance in Warwick Rhode Island they should be able to file the RI financial responsibility form or SR22 with the state for your wife.
Tags: auto insurance, sr22 insurance
