What is the Difference Between SR22 and Automobile Liability?

October 03, 2010  Written by Tiffany Flores  

    Difference Between a SR-22 and Liability Insurance

  1. SR-22 is not a type of insurance. An SR-22 is a form the insurance company must file with the state that shows proof of financial responsibility in regard to the state minimum insurance laws.
  2. Definition of an SR-22

  3. The majority of states have requirements regarding the minimum amount of insurance drivers must carry. If a driver is caught driving without insurance, their license will be suspended until they get insurance. When they do, the insurance company must file an SR-22 form with the state showing the driver is now in compliance with insurance laws.

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Does Insurance Increase When Adding a 17 Year Old Driver?

September 29, 2010  Written by Tiffany Flores  

    Risk

  1. Due to the risks and inexperience of new drivers, adding a 17-year-old driver to your policy may increase your insurance up to 50 percent. But, adding a teen to an existing policy is the cheaper route, since the average individual premium for a teenager is $1200.
  2. Formulas

  3. Insurance companies may have substantially different calculations to determine insurance rates; these formulas will determine how cheap or expensive your insurance will be. Get quotes from multiple companies to compare the best rates.

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Car Insurance: State Requirements

September 27, 2010  Written by Admin  

Every driver is required to have car insurance according to state regulations. Auto insurance is indeed necessary to protect drivers and other parties from possible financial issue in the event of an accident. If a car is involved in an accident, the car insurance will kick in and pay for the damages to the car as well as possible injuries. In this part, we are going to find out more about several state requirements that you need to follow when getting a car insurance policy.

Let’s start with New York, shall we? There are a lot of car insurance companies offering best New York auto insurance policies, but you need to keep in mind that the state limits for car insurance coverage in New York includes $25.000 for bodily injury liability and $10,000 for property damage coverage. T Read full article…

Florida Auto Insurance Penalties for Speeding Tickets

September 26, 2010  Written by Tiffany Flores  
  1. speed camera image by Horticulture from Fotolia.com  Speeding can be electronically recorded. Speeding is the most common traffic offense in the state of Florida, and getting one could affect your insurance rates. The insurance penalties for a speeding ticket in Florida will depend on a number of factors, such as how far over the posted limit you were traveling, your driving history, and the level of risk you are assigned by your insurance provider. First-time offenses may be forgiven, but serious or frequent ones are grounds for cancellation.

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Canadian Insurance Rate Groups

September 24, 2010  Written by Admin  

Insurance is one of the most important things that you can possibly pay for. There are many different areas of life that you will need to insure. Property insurance is for some people the most important bill that they have, while others consider their health or life insurance to be among their top bills. Yet and still for other car insurance is one of the top ranking bills. Car insurance is meant to cover a large number of things that could happen. There will be times that you may need the help of a body shop either as the result of a fender bender or even a stray shopping cart. Having auto insurance that offers you good rates and co-pays will be entirely useful and take much of the burden off of you as the car owner to have to pay the entire amount of the bill. Read full article…