Actual cash value means that the insurance company pays the market value for your damaged or stolen vehicle. Replacement cost means that you are compensated for the cost of a new car. Insurance companies almost universally favor actual cash value compensation. Let’s look at some more details and which typeContinue Reading

Usage based auto insurance isn’t really new; it’s just more sophisticated now. Insurance companies have always included different factors in calculating insurance rates. Let’s learn more about the different types of usage based auto insurance. Looking for a low car insurance rate? Get a free quote from CARCHEX and find out howContinue Reading

Summertime means people are out driving around. It might be on vacation or just having fun near home. Either way, situations come up that might require auto insurance. For example, does your car insurance cover rental cars? Is your trailer covered? How about damage caused by a stray golf ball?Continue Reading

Car insurance rates vary dramatically. Not only do they depend on your age and driving history, but insurance rates can be much higher in certain states. According to NBC News, Michigan drivers pay 136 percent more than the national average. Where does your state rank? Later, we’ll show you how toContinue Reading

If you don’t already know, self-driving cars have been cruising the California roads for over six years now. In fact, the Wall Street Journal reported that Google’s self-driving car fleet is due to expand its reach to public roads. But will self-driving cars eventually lead to ultra-cheap car insurance? Or maybe noContinue Reading

A car insurance quote is an estimate of the price a person will pay for auto insurance coverage. Car insurance quotes are calculated based on a motorist’s driving history, age, gender, location, the number of miles they drive, and their vehicle. We’ll cover how to get car insurance quotes online,Continue Reading

If you own property, you may be able to score a discount on your car insurance — and your homeowners policy, too. There are several costs you’ll incur in the course of owning a car. Not only will you have to keep up with your ongoing auto loan payments, but you’ll alsoContinue Reading

Getting basic car insurance coverage is easy, but first you have to know what basic coverage consists of. Most likely, you want a cheap car insurance policy and to get the pain of dealing with it over with as quickly as possible. A “take my money, give me proof of insurance, and leave meContinue Reading