Following an accident, most insurers will hike your monthly premiums by a certain amount. A car accident is never good news, but beyond the immediate issues it causes, it can also cause your auto insurance premiums to rise. That said, consumers often wonder how much more they will pay after suffering a car crash. Unfortunately, there’s no fast and solid answer to tell a driver precisely how much more they will pay for auto insurance after an accident. There are many different factors that are taken into consideration, including the…Read More
Tag: auto insurance policy
Americans are paying more for auto insurance, but millions are underinsured
Despite how much people are already paying for coverage, it might not be enough if the worst happens. Inflation, among several other factors, has caused auto insurance premiums to climb, this year in particular, but according to experts, millions of drivers still don’t have enough coverage. Despite how much millions of people are paying for their policies, they don’t have the coverage they need. Car insurers have been raising premiums because the cost of paying out claims is higher due to inflation. That said, when it comes to drivers, they…Read More
Does your auto policy include bodily injury liability insurance?
Standard auto policies contain this coverage in all but two states, but many consumers aren’t aware of it. Bodily injury liability insurance is a specific type of coverage within an auto policy that covers the medical expenses of others if the policyholder is found to be at fault in a crash. This coverage also provides coverage for additional costs such as legal fees in case of a lawsuit. The bodily injury liability insurance coverage of an auto policy is what covers the loss of income suffered by an injured person…Read More
Will decorating your car for Christmas invalidate your auto insurance?
Will adding lights, antlers or dangling decorations mean your coverage isn’t what it should be? Many of us absolutely love to decorate everything we touch as the holidays progress, but it’s important to understand your auto insurance coverage before you get too festive in your car. Just because you’ve seen other people adding twinkly lights to their car, it doesn’t mean you should. Every year when we head out on the road at this time, there are more cars lit up and reindeer antlers and Rudolph noses on SUVs. Companies…Read More
5 Steps To Take If You Have Suffered Car Accident Injuries
Car accidents can produce some of the most serious injuries an individual can experience, including traumatic brain injuries, spinal cord injuries, broken bones, burns, and soft tissue injuries. If you have suffered car accident injuries, do you know the steps you should take to increase the likelihood of your injuries recovering well and your eligibility to obtain compensation for the expenses and quality-of-life impacts of your injury? The short answer: talk to a car accident lawyer. Read on for more information about five steps you should take if you’ve been…Read More
Allstate’s attempt to overturn jury verdict for underinsured driver benefits denied
The Supreme Court of Texas has turned down the insurer’s attempt to overturn the verdict. Allstate Insurance’s efforts to overturn a jury verdict having to do with underinsured driver benefits have been denied by the Supreme Court of Texas. The high court upheld the jury verdict in a 5-4 decision regarding a 2016 claim. The Supreme Court decision upheld the $95,000 jury verdict from the Bexar County court in favor of Daniel Wes Irwin. That verdict required Allstate to pay Irwin the full sum of $50,000 underinsured driver benefits from…Read More
Consumer groups call for higher auto insurance rebates in the US
The Consumer Federation of America and Center for Economic Justice say insurers aren’t doing enough. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) have recalculated their figures for insurers and say auto insurance rebates are not large enough. Some insurers have issued discounts and credits to policyholders in the face of COVID-19. However, the CFA and CEJ have concluded that some of the largest insurers have fallen short of fairness in the auto insurance rebates they’ve issued in the United States. Both consumer groups calculated…Read More