How to Insure a Used Car

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-Ice-

Member
How to Insure a Used Car

Every standard auto insurance policy has different kinds of coverages. This applied to majority of the auto insurance policies that are made available for you by the thousands of auto insurance providers in the market. In general, these terms can be flexible depending on the type of auto insurance coverage you choose and the amount that you are willing to shell out for the auto insurance.

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abigail13

Rookie
Used car is a great idea for individuals who are on a budget and looking to save money. But it's still mandatory that, in order to drive the vehicle on public roads in the United States of America, the vehicle needs to be insured by an auto insurance company. Some may choose still to not insure their vehicles, even though the laws of their state mandate that they have current auto insurance coverage on their vehicles in operation. People who disobey this thing may be subject to heavy fines and penalties for operating their vehicles without insurance coverage in the event that they are caught without insurance. So don't ever try to be one.
 
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maxjlone

New Member
I would get a new insurance company NOW! your insurance follows you in any car you drive. technically for the first 48 hours until the previous owner releases liability for the car, you are borrowing it so your insurance should cover it. but if you called them and they said they would not, ask the seller to maintain the insurance for a short period.
 
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peter99890

Rookie
A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile insurance, for example, covered about 175 million automobiles in the United States in 2004. The existence of a large number of homogeneous exposure units allows insurers to benefit from the so-called “law of large numbers,” which in effect states that as the number of exposure units increases, the actual results are increasingly likely to become close to expected results. There are exceptions to this criterion. Lloyd's of London is famous for insuring the life or health of actors, actresses and sports figures. Satellite Launch insurance covers events that are infrequent. Large commercial property policies may insure exceptional properties for which there are no ‘homogeneous’ exposure units. Despite failing on this criterion, many exposures like these are generally considered to be insurable.
monsters inc
internet provider
 
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aswini1204

Rookie
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability and medical coverage:

1. Property coverage pays for damage to or theft of your car.
2. Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
3. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
 
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aimmobile

Rookie
Every motor car insurance policy is differ from one another. You have to chose that coverage you want for your car. For used car, you have to check its Fair Market Value because cars do depreciate every year by 10%. Your premium depends on the coverage you will have for your car insurance.
 
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Gropillw

Rookie
If you already own a car & have a policy then your insurance company must cover you from the point of the sale - ONLY up to the lower amount that you have - like when we bought our truck we only had liability so we were kinda in "trouble" but only driving 15 miles (or 20) home so we didn't sweat it - then I called them right away and we were covered :)
 
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