Wednesday, February 10th, 2010 at
Teen auto insurance quote
Jon Sturgatt : Utah : Can I lend my car to my teenage son who is just 16? What if he meets with an accident?
Teen auto insurance
Response : If you lend a car to your teenage son who is a minor and does not have a license than you would defintely be resposible. Yes, if he meets with an accident than you would be responsible as an adult and the insurance company would not pay.
However, with the as per the latest news as of February 9th there has been a pair of bills that has been advanced in a Seneate committtee. As per the bill the parents or adults liablity for loaning a car to a minor who crashes into some one else. Till now the insurance companies were not paying for the claims and where dragging the investigations, but now as per the bill SB70 and SB62. For more details you can go to
Salt Lake Tribune
Also the parents would not be spare if they loan the car to a person known to be impaired or otherwise especially risky on the roads.
My personal advice would be not to lend a car to the minor unless you have already named him or her as a driver of your car. This way he or she would be insured. Yes, the premium might be high but there are ways of obtaining cheap auto insurance or cheap car insurance which you can see here.
Thanks.
Kamlesh.
Teen auto insurance
Friday, December 11th, 2009 at
Teen auto insurance quotes
Bryan : I am a college student and I do have a college student auto insurance. I am looking for the best car insurance rates and do go online for teen auto insurance quotes. However, I donot know the basics of auto insurance so I need help.
Response : Bryan, an excellect question and I am going to walk you through finding the best car insurance rates and cheap auto insurance quotes for college student car insurance. The key to this is first to know the basics of the auto insurance. So lets start with the car insurance coverages. I am going to explain the coverages in a very easy way so that you can easily remember and it will be easy for you to decide on the limits that you want to opt for these car insurance coverages :
There are basically the car or auto insurance coverage can be broken down into 4 scenarios. The liablity coverage is an auto insurance coverage which is mandatory in almost all states of USA. Some states have compulsory uninsured car insurance coverage.
1. Liability coverage : Liability insurance issubdivided into Bodily injury liablity and Property insurance liability.
a.Bodily injury liability (BI) coverage covers you if you cause an accident in which someone else is hurt or killed. State laws differ as to how much you are required to carry. Many financial experts recommend carrying at least $100,000 per person and $300,000 per occurance – commonly expressed as “100/300.” Consider what assets you have to protect and what you can afford before you decide to purchae this.
b.Property damage liability (PD) coverage covers you when you damage someone else’s property. Usually it’s someone else’s car, but it could apply to buildings, utility poles, garage doors, and other physical property. State laws determine the minimum you must purchase.
This is the coverage when you cause injury to someone else or damage to the property of someone else.
2. Uninsured/Underinsured motorist (UM/UIM) coverage covers medical and other expenses when you are hit by a driver without adequate auto insurance. Whether this coverage is mandatory or optional depends on your state laws. You can purchase additional coverage to pay for damage to your car if hit by an uninsured motorist, but many people instead just purchase collision and comprehensive.
Now coming to coverages which are not compulsory and are for your own benefit are :
3.Own damage car insurance coverage:
This are for your own car. There are two coverages which you can take for any damage to your car :
a. Collision coverage covers damage to your car if you run into another car, a brick wall, a fire hydrant, or other object. This coverage is not required by law, though your bank may require it if you have an auto loan. You may choose a deductible on this coverage—what you must first pay out-of-pocket for a claim before the insurance kicks in.
b. Comprehensive coverage covers you in case your car is stolen or damaged in ways that don’t involve a collision. Covered risks include hail, fire, theft, flood, earthquake, explosion, falling objects, and encounters with wildlife, such as deer. Comprehensive is optional coverage, though your bank may require it if you have an auto loan. You may choose a deductible on this coverage.
Coverage for your own injury and the passengers of your car :
4.Medical payments coverage (Med Pay, or MPC) acts as primary coverage for medical expenses you and your passengers incur if injured in a motor vehicle accident, regardless of fault. States have different laws regarding this coverage.
Once you understand this, the rest of the auto insurance would be very easy to understand. What is it that you are buying is the most important thing to consider for getting the best car insurance rates, especially for college student auto insurance since this is a crucial stage in your life, where money is not to be squandred.
More again.
Thanks.
Kamlesh.
Teen auto insurance quotes
Monday, November 30th, 2009 at
Best car insurance
Howie Schultz :This has reference with teen auto insurance. If you drive on a learners permit without an adult in the car and get in an accident will auto insurance pay for the damages?
Response : Howie, if a teenager is driving a car with a learners permit without an adult in the car than the insurance company will not cover you provided you are a named driver on your parents policy. Secondly most insurance policies have an exclsuion stating that the learner cannot drive the car without supervison. However, it would depend on your carrier and if you go to the court of law, than the insurance company will atleast have to pay the auto insurance liability but can deny the car insurance damges since the insurance company can state the exclusion that the driving license was not there. Here you will have to remember that when you go to the court of law, you will have to pay whatever the DMV penalty prevails in your state about breaking the law and driving the car without supervision.
If your parents have not covered you than you than the insurance company will not pay since you are not covered under the policy and your parents and you will have to pay for the liabiltiy out of your pocket.
It is most advisable to break the rules, since teen auto insurance is rated as a high risk and by doing this, your car insurance rate will always hike up. Shop around for cheap teen auto insurance quote, drive safe and do not break the rules.
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