On the surface, lowering your coverage—like comprehensive or collision—to the lowest legal level might seem like a good way to lower your premium. But it could also put you at significant risk. For example, if you lower or eliminate your collision coverage, you could end up paying out-of-pocket for expensive repairs resulting from an auto accident. To help avoid a situation like this, it’s important to learn the basics of auto insurance protection.
A teenager with a driver’s license can be a major convenience for families on the go. Insuring a new driver, however, can be costly. The reason it’s more expensive to insure a teen driver is fairly simple – the risk of motor vehicle crashes is higher among 16- to 19-year-olds than among any other age group. The higher the risk, the higher the premium. The good news is…
A growing number of drivers assume that when it comes to insuring a vehicle, there’s a choice to be made between collision and comprehensive coverage. The truth is, purchasing both coverage options can help you better protect your financial well-being. Before you make this decision, however, it’s important to understand what each option brings to the table.
There’s nothing like the peace of mind that comes from knowing your most valued assets have the protection of high-quality insurance coverage. This is especially true when you combine your insurance policies to take advantage of a special “bundling” discount.
There are a lot of great reasons for purchasing a home security system. At the top of the list is the shield of protection it provides for you and your family. You also get the peace of mind that comes from knowing that would-be burglars will think twice when they discover your home is well protected and monitored. The mere presence of a security system lawn sign can serve as a deterrent.
When Michigan’s new auto insurance laws take effect, one of the key decisions you’ll face involves liability coverage. This coverage protects drivers from legal damages if they cause an accident that results in another person’s serious injury or death.
It won’t be long before Michigan’s new auto insurance reform law takes effect. Starting July 2, 2020, when you renew your auto insurance policy, you’ll have some important decisions to make with respect to your coverage. One of several aspects to consider is your liability protection.
Michigan’s new auto insurance reform law will take effect on July 2, 2020, bringing a number of changes to the current no-fault insurance system. An important change involves Order-of-Priority (OOP), which determines the insurer or entity primarily responsible for payment of personal injury protection (PIP) benefits resulting from a motor vehicle accident in Michigan or another state.
If you decide to change your Personal Injury Protection (PIP) coverage under the new reform law, you’ll have multiple options to consider. To help determine the option that best suits your needs, it’s important to understand the basics of QHC and how it can impact your choice of PIP coverage.
Beginning July 2, 2020, when you renew your auto insurance policy, you’ll have some important decisions to make under the new Michigan Auto Insurance Reform Law. The new law is centered on changes to the Personal Injury Protection (PIP) portion of your auto insurance premium. PIP covers medical and rehabilitation costs if you’re in an auto accident and you’re injured, whether temporarily or permanently.
There has been a lot of talk lately about the new Michigan Auto Insurance Reform Law. Starting July 2, 2020, many changes to the existing no-fault auto insurance law will take effect in an effort to make Michigan auto insurance more affordable and decrease the number of uninsured drivers.
It’s pretty simple: Drivers with a record of accidents and moving violations (including speeding tickets) typically pay higher insurance premiums than those with a clean driving record. In fact, industry experts have stated that even a single ticket could increase your auto premium by 22%.
