Most finance companies would be able to answer this for you. It will vary depending on the banking institution. Full coverage is a general assumption that you are covered meaning what you are "liable" for if you were sued because of negligence in addition to having Collision and Comphrehensive coverages. This means that you would have Bodily Injury Liability, Property Damage Liability and your damamges caused by you to the vehicle and by acts of GOD are covered. I personally think to have a car without full coverage is crazy even if it just sits in the yard or garage. It has been known for cars to be stolen while in a place too long. If you did not have comphrehensive then you are stuk with a loan and no car. Also there have been instances where kids or teens go into other peoples yards and sit around cars and hurt themselves acting like teens and you can be sued for Personaly Injury. These are two examples of cars that will get little or no use yet YOU could be held LIABLE for everything that happens. Do you have the money it takes to pay off a law suit? If so then No you can probably afford not to get Full coverage. Otherwise you will loose your home and cars to pay for a lawsuit. Good Luck!
No they do not. Ford credit is a financial institution which finances the sale of cars to the public. Sometimes they offer types of insurance like credit life and credit disability that are insurance products which pay them high commissions. They also offer products called forced place coverage through other insurance companies that are used when people fail to keep the proper insurance on their vehicles financed by ford motor credit. This coverage is physical damage coverage only to cover the amount financed so that ford motor credit does not take a loss if the vehicle financed is damaged and the client did not have insurance. This coverage is very expensive, only covers ford motor credit, and the cost is added to the clients account. It is not an insurance policy and does not provide liability coverage or any other coverages needed.
Insurance companies do offer coverage for antique cars. There are also insurance companies that are specialized in insuring antique cars.
The TD that is written on cars is simply an insurance company that offers auto insurance coverage to all types of motor vehicles.
There are many companies that provide insurance for MSN cars. You should find the company that fits your needs the best, financially and amount of coverage.
Classic car insurance is for "classic" or older model cars, whereas basic car insurance is a minimum coverage insurance for normal cars. Classic cars are cars that are at least 20 years old but not more than 40 years old.
"Yes, most regular car insurance companies can also provide coverage for eco friendly cars. Rates will vary from person to person. There are also companies that provide nothing but coverage for eco friendly cars."
How old the car is has nothing to do with it. The only time a car is REQUIRED to have FULL COVERAGE is when a car is being financed. In other words, a bank gives you a loan. Why? Because liability only fixes the other persons car, and if you get in a wreck, the bank will never get their money back from the car. I have owned ~5 cars in my life, financed one, and had full coverage insurance on it. Every other car has been liability only. So again, the age of a car has nothing to do with qualifying for liability insurance. If its being paid for with a bank loan, you need full coverage, if the car is paid off, you can get liability.
Full coverage auto insurance is offered by companies like Nationwide, Cars Direct, AXA Insurance, New York Motor Insurance and AAMI. These companies also have insurance services for other products.
Drivers need Virginia collision car insurance to protect them financially in the even they cause crashes that damage their cars. When such events occur, collision insurance pays for damage done to cars belonging to the insured. Liability insurance carried by insured drivers covers damage done to the property of others. Collision insurance makes sure that drivers can have their cars repaired after an accident.Obtaining Collision InsuranceDrivers can buy collision insurance whenever they get a quote for auto insurance coverage. Drivers can evaluate the cost of collision coverage and compare it with the benefits of that coverage. Insurance agents can help drivers evaluate the need for collision insurance coverage. Drivers who own expensive cars usually want to carry collision coverage to control the financial impact of repairs. Auto owners who finance their vehicles also need collision insurance coverage. Usually, banks and finance companies require car buyers to purchase collision coverage to protect the interests of the lienholder. After owners pay off their car, they can choose to drop collision coverage.Getting Advice About Collision InsuranceDrivers can get advice about collision insurance from their insurance agents, insurance companies or financial advisors. These professionals will gather information about the financial condition of drivers, and the value of their cars and the cost of collision coverage to help drivers decide whether to buy or forgo coverage. Drivers who own cars outright can drop their collision coverage, especially if they must keep their insurance costs to a minimum. Drivers without collision insurance must accept full financial responsibility if they cause wrecks that damage their cars.Shopping Around For Collision InsuranceDrivers should shop among several car insurance companies before choosing a policy that includes collision insurance. The lowest price for coverage may come from insurance companies other than the ones with the lowest liability-only coverage. By shopping all alternatives, drivers can find the lowest price for the needed amount of collision insurance coverage.
Yes, one can purchase car insurance for antique cars. If the car is used for display only, you can get a Specialty Auto Insurance policy for far less than what you would pay for an everyday driver car. Don't rely on your homeowners' insurance for auto coverage. Home insurance Policies never provide coverage for automobiles.
NO, Homeowners Insurance covers Homes. Auto Insurance covers cars. Home insurance polices do not provide coverage for personal auto regardless of who owns them or where they are parked.
Performance Insurance seems to cover BMW and high dollar cars, It is a coverage for higher cost cars with perks such as towing and certain damage repairs.
The un-insured driver will have to turn to their health insurance company for coverage if he carried no auto insurance.
The insurance you would get fir used cars would depnd on the value of the car. That mostly only matters if you get damage coverage that isn't jsut liabilitiy.
Cars are divided into insurance groups by such things age of car, price of car and make of car.If the car is a sporty car the insurance might feel it will be driven differently that a work, or family car.
Please clarify the type of "rental coverage" that you mean. There is, for example, rental insurance available on rental cars, and rental coverage that one buys on personal belongings when living in a rented home.
Rates are based off of the statistical cost of repair. An older vehicle cost less to repair and replace than a newer vehicle thus lower insurance. Cars like Mustangs, Eclipses, Tiburon's, ect... are fast cars generally driven by young under 25 males (highest risk drivers) who buy them with the intent on taking full advantage of their speed. A cheap fast car and a new ego driven driver equates to more damages thus higher insurance cost for these vehicles. Expensive sports cars like the corvette and up are generally purchased by older men/women who plan to drive like old ladies. This is why a corvette which is much faster than any of the cars listed above will have much lower insurance than any of the cars listed above. While I do not have a list of which vehicles have the lower insurance cost, you best bet is to google accident rates by vehicle and which age group / gender drives which vehicle. Cars driven by girls will have lower insurance than cars driven by males (they are not better drivers just less aggressive and competitive statistically speaking), cars driven by older people will have lower insurance than cars driven by younger.
No. Homeowners insurance doe snot provide coverage for automobiles manufactured for use on public roads. That's what Auto Insurance is for.
Their insurance policy will pay for their own car. However you must know it's against the law not to have insurance coverage for your auto.
No. If you've got a few cars in mind it would be best to get a quote from an insurance company on the possible cars you may buy. Then before you leave with the car call the insurance company and make a payment for the car insurance for the vehicle you actually bought. If the vehicle is being financed or leased, the dealer will not allow you to leave with out proof of the coverage being faxed over.
Texas, like all other states, requires that drivers carry insurance. Each state sets the standards for the minimum amount of coverage. In Texas, this rate is called "30/60/25 coverage," which specifies the minimum amount of coverage for injuries, the accident, and property damage. It does not include repairs to your car, and only applies to cars that are not financed. You can read more: http://www.tdi.texas.gov/pubs/consumer/cb020.html
I believe that AAA and State Farm do this automatically. But in general, you should be able to get a policy that includes rental car coverage in case of accident. There may be an additional cost to that policy.
As long as you are old enough to legally drive you may get any coverage you wish. However not all insurance companies offer this coverage. One more thing... this coverage you are asking about is referred to as permissive use.
There are few places in North America that offer car insurance for modified cars. The potential for coverage depends greatly on the modifications that have been made. It has been found that "esurance" which is an Allstate branch does offer this type of insurance.