Companies in the business of storing customer vehicles need to be protected. For example, truck drivers who are called to tow cars in the middle of the night frequently must store the cars in their shops for the night. If a few hours later, someone breaks into the shop and vandalizes the customer’s vehicle, the driver can be held liable. [Read more…]
A growing number of Gen Z teens are putting off obtaining their driver’s licenses, and when they do hit the road, they tend to drive less compared to previous generations such as Baby Boomers and Gen Xers. [Read more…]
Collision coverage is a type of auto insurance that can help pay for damage to your vehicle from collisions, regardless of who was at fault in such incidents. Unless you’re leasing or financing your car, collision coverage isn’t typically required. However, it’s generally recommended to protect yourself from costly out-of-pocket costs associated with vehicular collisions by purchasing this insurance. Read on to learn more about collision coverage. [Read more…]
Vehicle theft has soared in the United States in recent years. In 2022, vehicle thefts surpassed 1,000,000—a 25% increase from previous years. This equates to roughly one vehicle stolen every 32 seconds in the United States. [Read more…]
An auto insurance policy encompasses many coverages that work together to help provide financial protection. One such coverage is uninsured/underinsured motorist (UM/UIM) insurance. This may help cover car repairs and medical costs for you and your passenger if the driver at fault doesn’t have enough insurance or doesn’t have auto insurance at all. [Read more…]
Electric vehicles (EVs) have electric motors instead of internal combustion engines and batteries instead of gasoline tanks. They produce no tailpipe emissions and can be charged with renewable energy (e.g., wind or solar). An EV may be the right choice for drivers looking to lower their fuel costs. [Read more…]
Auto rates increased an average of 9% for drivers in 2022, with 1 in 5 US drivers reporting multiple auto rate increases over the 12-month period, according to Insurify. Unfortunately for drivers and auto insurance consumers, these rate increases are expected to continue in 2023. More accidents, rising medical and litigation costs, more frequent and severe natural disasters and inflation-driven auto repair costs are all expected to contribute to continued auto rate increases in 2023. In fact, US drivers are expected to spend on average $1,895 more in 2023 for the same coverage they had at the end of 2021, said Insurify. [Read more…]
Getting into an automobile accident is scary enough without the added stress of being unsure how to handle the situation. [Read more…]
Electric vehicles (EVs) continue to gain traction in the U.S. auto market. Last year, Americans bought nearly 450,000 EVs—an 83% jump over 2020. With many federal and state governments pushing for lower CO2 roadway emissions, EV demand is expected to soar during the next decade. [Read more…]
If your teen is approaching driving age, it may be time to start thinking about adding them to your auto insurance policy. Although this will likely increase your insurance premiums, it is typically cheaper than having your teen purchase an auto policy in their own name. Here are six tips to consider when adding a teen to your auto insurance policy. [Read more…]
