0
Insurance companies don't depreciate cars directly, cars depreciate themselves. Much like houses, cars can go up and down in value over time. But unlike houses, cars tend to go down in value the older they get and usually will not increase in value unless the owner cutomizes the car themselves considerably. If a car is totalled in the event of a crash, the insurance company usually will give the current market value for your zip code BASED on the condition of the car before it was crashed. This is why whenever you purchase insurance the broker or insurance company will take photos of your car. So in case you have any substantial damage, such as a dented bumper, you will be given the book value of your type of car with a dented bumper in it.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Do insurance companies offer antique car insurance?
Insurance companies do offer coverage for antique cars. There are also insurance companies that are specialized in insuring antique cars.
Where can one find cheap insurance deals for cars?
Cheap insurance deals for cars can be found from companies such as GEICO and Esurance. These companies also offer comparisons to other car insurance dealers.
How many cars can you have on one insurance policy?
Insurance companies will be happy to insure as many cars as you want, as long as you are willing to pay the insurance premium.
Where can someone find the cheapest insurance for classic cars?
One can contact several insurance companies and ask for their insurance prices for classic cars. One can compare the different prices to find the cheapest insurance for classic cars.
Does life insurance amount depreciate as you get older?
Yes
Are insurance companies responsible for re certifying cars after frame damage?
No
Do insurance companies pay for wrecked cars?
It can be said that insurance companies pay for cars after a wreck as long as you are fully insured. But when a person does get money from the insurance company it doesn't mean that they are buying it from you. The car will have to be taken to a car junk yard and you can sell it to them.
What states can you get full coverage insurance on cars with salvage titles and what companies will insure these cars?
Ohio Michigan
What companies will insure classic cars?
No, you can get regular insurance and you will be fine. You will be able to get full insurance and your classic car.
What companies offer full coverage auto insurance?
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.
Who is the insurance company providing the insurance for the MSN cars?
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.
Can you have two different cars insured by two different insurance companies?
Yes
