#car insurance advice

[naukrisambad]

Top 10 car insurance companies

In the vast landscape of car insurance providers, selecting the right one for your needs is crucial. With numerous options available, it’s essential to identify the top players in the industry that not only offer comprehensive coverage but also deliver exceptional customer service. In this comprehensive guide, we’ll delve into the top 10 car insurance companies, considering factors like…

[r0hitdhiman]

Car insurance steps in there as a shield to provide financial protection when unforeseen circumstances arise. It offers peace of mind, knowing that you won’t be left stranded with hefty repair bills or facing the burden of replacing a stolen car. Yet, despite the evident benefits, there remains a persistent trend among individuals to seek out cheap car insurance plans available—a decision that may come back to haunt them.

[bitchesgetriches]

Which would be better to do: pay my car insurance in one lump sum reducing my emergency savings to almost nothing or put my car insurance on monthly payments which would slightly increase the amount I pay but allow me to keep my emergency savings intact. I know this is probably a personal preference question but was hoping the almighty bitches might have some input to help me make a decision.

Option #2.

I'd only pre-pay auto insurance if your emergency savings fund would NOT be depleted by it. This is what I do to save a little money every year, but my emergency fund is nice and fat and I can easily replace it within a few months when I use it.

Here's why: You will need your emergency fund to pay for your insurance deductible in the event of an insurance claim. If you've spent it all on your monthly insurance payment, then you will have nothing left for your deductible.

And if that didn't make sense, we explain all about it in these posts:

Dafuq Is Insurance and Why Do You Even Need It? 

You Must Be This Big to Be an Emergency Fund 

3 Times I Was Damn Grateful for My Emergency Fund (And Side Income) 

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[lawbyrhys]

Top US Car Insurance Company is Being Sued For Allegedly Forcing Unnecessary Policies

Would you believe Allstate finds itself in yet another lawsuit? Let's break down the situation.

An Allstate-owned insurance company is under the proverbial boot of the DOJ as they crack down on aforementioned provider for allegedly forcing collateral protection insurance on hundreds of thousands already-ensured customers.

National General is the company in question, finding themselves in the midst of the lawsuit that alleges they partook in a scheme to defraud customers who financed their cars through Wells Fargo.

Allegedly, over an 11-year span between 2005-2016, National General schemed to obtain money from Wells Fargo by way of its practice of "force-placing" collateral protection insurance into millions of cars, even though they "knew or recklessly disregarded" these vehicles were already ensured. The lawsuit reads, in part:

"In fact, from 2008 to 2016, National General knew that it falsely force-placed insurance between 56 and 93% of the time. These improper force-placements harmed borrowers — causing borrowers to pay money they did not owe, borrowers to default on their loans, vehicle repossessions, and negative impacts to borrowers’ credit scores."

Those who utilized Wells Fargo to finance their vehicles were required to get comprehensive and collision insurance or collateral protection insurance. Wells Fargo contracted with National General to identify whether or not a customer had the insurance required for their vehicle.

"If National General did not obtain proof of such insurance, National General automatically issued a certificate of insurance for its CPI product. This was called 'force-placing' insurance because the cost of the CPI was subsequently added to a borrower’s loan, even though the customer did not affirmatively purchase the insurance from National General."

The DOJ alleges that National General failed to make phone calls to insurance carriers, agents, or borrowers to obtain outside insurance, despite a legal requirement to do so, as well as failing to "match insurance information in its possession to financed vehicles."

Wells Fargo customers paid approximately $1,100 per loan a year for National General’s collateral protection insurance—a rate which was more expensive and provided less protection than comprehensive and collision insurance.

"Sometimes National General realized its error before the borrower was billed, but, between 29 and 63% of the time, National General improperly invoiced Wells Fargo who then improperly billed the borrowers—forcing borrowers to pay premiums and other fees associated with the CPI that they did not owe."

According to the lawsuit, National General “falsely placed” 1.2 million and 2.1 million collateral protection insurance between 2005 and 2016. Despite approximately 600,000-700,000 of these policies being canceled before the borrower was charged for them, approximately 640,000-1.4 million were not.

Ultimately, National General earned ~$500M from these practices, according to the lawsuit.

"National General knew or at least recklessly disregarded that it was falsely placing CPI and charging for duplicative insurance, but it took no meaningful steps to reduce the rate of false placements. NGLS’s Wells Fargo Account Manager dismissed false placements as a 'function of the program.'"

The DOJ is seeking to have National General face the maximum penalty permitted under the Financial Institutions Reform, Recovery, and Enforcement Act "in an amount to be determined at trial."

Of course, National General denies these allegations; "These allegations are false, and we are committed to sharing the facts."

Personally, I'm not surprised by the allegations in this lawsuit; Allstate isn't exactly renowned for giving a shit. That being said, though, I think this will be an interesting suit to follow, and I will update you all accordingly as the case progresses.

What do you think of this lawsuit? Let me know!

[joitotheworldstuff]

Understanding What Your Car Insurance Covers

If you’ve ever wondered whether your car insurance covers specific incidents like car theft, vandalism, lost keys, scratches, broken windows, or rust damage, you’re not alone. Understanding what your car insurance policy covers is crucial for being adequately protected in various scenarios. Let’s dive into these questions and shed some light on what you need to know. Type your…

[ausloansfinance]

Discover how to navigate the sale of a car under finance in Australia. Get expert tips on managing loans, insurance, and warranties for a smooth transaction.

[floridaadvocates]

Expert Legal Representation for Auto Accidents in Florida

Injured in a car, motorcycle, or truck accident in Florida? Turn to Florida Advocates for comprehensive legal support. Our team of investigative attorneys, appellate lawyers, and trial litigators is dedicated to standing up to insurance companies and fighting for your rights. With our expertise, you can rest assured knowing that you're in capable hands. Call (754) 263-4252 today to file your claim and receive the compensation you deserve.

[r0hitdhiman]

Car insurance steps in there as a shield to provide financial protection when unforeseen circumstances arise. It offers peace of mind, knowing that you won’t be left stranded with hefty repair bills or facing the burden of replacing a stolen car. Yet, despite the evident benefits, there remains a persistent trend among individuals to seek out cheap car insurance plans available—a decision that may come back to haunt them.

[alamari-chibi]

i wanna buy a house. like legitimately. and idek where to start

[lawbyrhys]

Auto Insurance Raises My Blood Pressure #1

I was casually discussing auto insurance with a friend, breaking down the pros and cons of the major national providers from a legal standpoint.

The conversation went generally as follows:

Me: Allstate is the fucking worst for XYZ reasons! Who did you have?

Him: I had Allstate until they dropped me.

Me: See? They're the worst! I can't believe you actually had them. Who did you get after that?

Him: I was between Geico and Progressive

Me: Don't get Progressive

Him: Too late.

I should also mention this guy's been in three hit and runs in one year—he needs good coverage.

Progressive is a lawyer's living nightmare! If you have Progressive out there, I feel so sorry for you—lawyers and customers. It's a nightmare.

[elfgremlin]

im very fucking tired of people trying to give me financial advice and its always 'make a budget, save money! its not that hard, you just have to save' i make $20 an hour and live in an $1800 apartment, at what point am i able to save even $10 when i spend $35-40 every week on gas and then groceries and PRESCRIPTION cat food or else my cat could get very fucking sick and medicine and my electric bill is $200 and

[naukrisambad]

Top 5 Best Car Insurance Companies

Top 5 Best Car Insurance: In the fast-paced world of automobiles, securing your vehicle with the right car insurance is not just a legal obligation but a crucial step in safeguarding your investment. With a plethora of options available, choosing the right car insurance company can be a daunting task. Top 5 Best Car Insurance This comprehensive guide aims to explore some of the leading car…

[ausloansfinance]

Unlock the best car finance strategies in Australia: Discover how car loans affect insurance costs and the benefits of extended warranties with Ausloans.

[jcmarchi]

Not-at-Fault Car Hire Essentials in Australia - Technology Org

New Post has been published on https://thedigitalinsider.com/not-at-fault-car-hire-essentials-in-australia-technology-org/

Not-at-Fault Car Hire Essentials in Australia - Technology Org

Car accidents are unfortunate events that can disrupt our lives, leaving us grappling with the aftermath. When you find yourself in a situation where the accident is not your fault, navigating the complexities of the aftermath becomes crucial. 

An electric car. Image credit: Pixnio, CC0 Public Domain

One essential aspect is securing a replacement vehicle while yours is being repaired or replaced. Understanding the nuances of not at fault car hire Australia is vital to ensure a smooth process during a challenging time.

Understanding Not-at-Fault

Before delving into the essentials of not-at-fault car hire, it’s essential to understand what “not-at-fault” means in the context of a car accident. In Australia, an accident is deemed not-at-fault when you, as the driver, are not responsible for the collision. This could include scenarios where another driver runs a red light, rear-ends your vehicle, or engages in any behavior that results in the accident.

The At-Fault Driver’s Insurance

When you’re not at fault, the responsibility for covering the costs associated with the accident falls on the at-fault driver’s insurance. However, obtaining reimbursement can be time-consuming, and you may need a vehicle in the meantime. This is where not-at-fault car hire becomes essential.

Essentials of Not-at-Fault Car Hire

Promptly Report the Incident

When the accident occurs, it’s crucial to report the incident to the police and exchange information with the other party involved. Additionally, inform your insurance provider about the accident and clarify that you were not at fault.

Choose a Reputable Car Hire Provider

Selecting a reputable car hire provider is key to a hassle-free experience. Look for companies that specialize in not-at-fault car hire and have a fleet of well-maintained vehicles. Reading reviews and seeking recommendations can help you make an informed decision.

Understand the Replacement Vehicle Options

Not-at-fault car hire providers typically offer replacement vehicles similar to yours while it is being repaired or replaced. Ensure the replacement vehicle meets your needs and preferences, including size, type, and features.

Know Your Rights and Entitlements

Familiarize yourself with your rights and entitlements under Australian law. The at-fault driver’s insurance should cover the costs of the replacement vehicle, including rental fees, fuel, and additional expenses. Being aware of your entitlements can help you navigate the process with confidence.

Keep Detailed Records

Document all aspects of the accident and the not-at-fault car hire process. This includes police reports, correspondence with insurance companies, rental agreements, and receipts for any expenses incurred. Detailed records will be valuable when seeking reimbursement from the at-fault driver’s insurance.

Stay Informed About Repairs

Stay in regular contact with the repair shop while your vehicle is being repaired or replaced. Obtain updates on the progress and an estimated timeline for the completion of the repairs. This information will be crucial when coordinating the return of the replacement vehicle.

Seek Legal Advice if Necessary

In complex situations or if you encounter difficulties with the at-fault driver’s insurance, seeking legal advice may be necessary. A legal professional can guide your rights and help navigate any disputes that may arise.

Conclusion

Not-at-fault car hire is a crucial aspect of the post-accident process in Australia. By understanding the essentials and following a systematic approach, you can minimize the disruptions caused by the accident and ensure a smooth transition. At the same time, your vehicle is being repaired or replaced. Prompt reporting, choosing a reputable car hire provider, knowing your rights, and maintaining detailed records are all integral to a successful not-at-fault car hire experience. In challenging times, having a reliable replacement vehicle can significantly improve your daily life and mobility.

[asemisnarkyguidetolife]

Five things to keep in mind when buying a car: 

Before you have your heart set on a car you should research the common issues that occur with the make, model, and year of the car you’re interested in buying. I would do research online but also by going into auto-mechanic shops and asking mechanics. Another good place to go to and ask is an auto parts shop. 

Look into the car insurance. You are not just paying for a car - you are going to pay for car insurance. Before purchasing a vehicle you should research the average insurance cost of the make, model, and year of that car. (If you have the VIN number of the vehicle you’re interested in you will have a more accurate idea of what you will be paying.) If you are ordering a car online you may need to show proof of insurance when they’re delivering the car. If you’re aware of this earlier rather than later you have more time to find the best deal for car insurance instead of running around like a headless chicken and just going with any car insurance. And last but not least some auto insurance companies offer a discount if you have a plan with them a certain amount of days before you need the insurance. 

A general rule of buying a used car is don’t pick a car that has a hundred thousand in  mileage or near that mileage. A smart way to get an idea of how long your car is going to last before you reach that mileage is to find out how many miles a single trip to your job or college is, multiply it by two, and then think on how many days you will be driving to school or work. If your job is sixteen miles away then driving there and back home would be thirty-two miles a day. If you work five days a week that is a hundred and sixty miles per week just to commute to your job - that is not including going grocery shopping regularly, driving to meet friends, or anything else. Now let’s say there's thirty-two weeks left in the year you buy your car. That is five thousand one hundred and twenty miles you will be driving that year just from work alone. Use this example to find how many years it will take your car to reach that hundred thousand mileage. 

Your credit score affects your loan but can also affect your car insurance. If you know you will be car shopping in the future you should try and raise your credit score. Your credit score is affected by payment history, the length of your credit history, how much you owe, the types of credit accounts you have open, and last but not least credit inquiries. Understanding how credit score works and how to improve it can save you money.

If this is your first car you should research the auto mechanic shops near you. Go ahead and figure out which auto mechanic has good reviews - please keep in mind the cheapest option may save you money upfront but could bite you in the ass if the mechanic isn’t good - so you’re not abruptly scrambling to pick an option when you abruptly need it. Even if a sudden emergency doesn’t occur you still need to look into a good place to get your oil changed. I mention oil change because that will be the most common work you will need done to your car.