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How can you find out the salvage value of a totaled car?
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How can you find out the salvage value of a totaled car? |
Salvage Value of Totaled Car
It’s really a very easy thing to determine. Just call some salvage or wrecking yards in your area and ask what they are willing to pay you for the totalled car. In Fact, Call several Wrecking Yards and then average the price they offer you.
You now know the fair market value of your totaled vehicle.
Easy as Pie
Answer
15-20% of the retail value of the vehicle at the time of loss is often a reasonable estimate.
You could try calling a salvage yard to get an idea. A vehicle totalled due to front end damage will have a lower salvage value than the same vehicle totalled due… Read the rest of this entry
What are the cheapest autos to insure?
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What are the cheapest autos to insure? |
Cheapest Cars to Insure
The top ten cheapest cars to insure, regardless of who you are:
- Buick LeSabre
- Oldsmobile Silhouette
- Honda Odyssey
- Buick Park Avenue
- Pontiac Montana
- Mercury Grand Marquis
- Buick Century
- Chevrolet Venture
- GMC Safari
- Oldsmobile Bravada
The insurers go by credit scoring, loss avergaes, etc. not just by the car you drive, of course.
Answer
For liability only, it depends mostly on the driver an possibly a little bit on how much damage the car will do.… Read the rest of this entry
How do you find insurance records from a previous owner of a car?
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How do you find insurance records from a previous owner of a car? |
Insurance Records of previous vehicle owner
Insurance Records are protected under State and Federal Privacy laws. There is no legitimate legal reason for a person to want to obtain the “insurance records” of a previous owner. The attempt to do so would consitute an invasion of that persons privacy rights.
Any coverage or compensation paid to a previous owner would not extend to the new owner as the new owner did not have a financial interest in the property (vehicle) prior to the purchasing of it.
The previous insurers obligations was to the previous insured owner and those… Read the rest of this entry
How much does the cheapest car insurance cost?
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How much does the cheapest car insurance cost? |
Cheapest Auto Insurance
The Cheapest Auto Insurance I have ever seen is 23 dollars a month. It was Liability only and the driver was home addressed in a rural area.
Cheap Insurance
That really depends on your credit score, claims history, driving record, where you live, etc.
You can get up to four car insurance quotes in minutes from companies like Safeco, Unitrin Direct, MetLife, Travelers from some Web sites. But keep in mind, price is not everything. The cheapest may be the most expensive if you need it.
Tips to lower your car insurance cost
– Ask for a higher deductable
– Buy homeowners insurance from the same company
– Ask for… Read the rest of this entry
How do insurance companies define sports cars?
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How do insurance companies define sports cars? |
Insurance Definition of Sports Car
Here are opinions and answers from FAQ Farmers:
- I think it all depends on the company. For instance, I drive a ‘94 T-Bird. Some companies say it’s a sports car (with the V6? Yeah right), some luxury (almost passes as that), and some just as a plain old car.
- I asked my insurance agent this very question. It depends how on the replacement cost of the auto and location.
- They usually go by horsepower, stock and aftermarket modifications (i.e. turbo or superchargers), etc. They will usually know if you have a sportscar or not. You can also have a car classified as rare or collectable that you think might be
What is no-fault insurance?
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What is no-fault insurance? |
No Fault Insurance. In true No Fault form, It is insurance that covers stated risks regardless of fault, the term is often applied to various accidental injury policy forms The term is also used in auto insurance in some states though usually practiced with limitations or in hybrid form.
No-Fault Insurance
“No-fault” insurance refers to medical coverage which you are required by state law to carry on your automobile insurance. Not all states have “no-fault” statutes, though almost all insurance companies sell some type of medical coverage for their auto policies. Basically, if you have an accident for which you aren’t at-fault, and you live in a “no-fault” state, your own insurance must pay for your medical bills. The “no-fault” part comes from the fact that even though… Read the rest of this entry
If you are charged with a DUI how does it affect your auto insurance?
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If you are charged with a DUI how does it affect your auto insurance? |
DUI Affect on Auto Insurance
Here are opinions and answers from FAQ Farmers:
- You will probably lose it. But, since you will probably also lose your drivers license, you don’t need it.
- It depends on the insurance company. Despite popular controversy there is no guarentee of what exactly will happen. When it’s time to renew your policy, the rates may be considerably higher and in some cases could be cancelled. Some companies will still insure you as long as you provide an SR-22 certificate of financial responsibility. Others will at minimum report this to their (ins companies) network which could cause problems for you later down the line. When you get your license
Will insurance pay to replace a windshield that has become so pitted and cloudy that it is hard to see if you have complete glass coverage?
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Will insurance pay to replace a windshield that has become so pitted and cloudy that it is hard to see if you have complete glass coverage? |
Insurance Coverage for Glass
This is considered “normal wear and tear”, which is never covered by auto insurance companies, rather than an “accident” or “ocurrence”, which are covered by insurance companies.
Here are more opinions and answers from other FAQ Farmers:
- That depends, call and ask them if your policy would cover that. I don’t think the coverage would replace a windshield simply because it is old. There should be some claims related event. And remember, there will be a deductible. Ask the glass company if they would waive or reduce that before scheduling a repair. A shop around if they will not work with
If you buy a car with a salvaged title will your insurance sky rocket?
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If you buy a car with a salvaged title will your insurance sky rocket? |
Of course it is going to skyrocket.Not only will it go up but the amount paid to you in the event of an accident is not even worth paying the premiums of insurance at all.Who knows if you will even get paid by the insurance company.The rates are all a scam anyways just like new car prices.You should not buy a salvage titled vehicle anyways.There are a lot of things that can be wrong with the car that you are not made aware of and may cost you through the roof to get it repaired properly on top of the inflated rates for Sh*tty A** coverage you wont get.
Another answer: Vehicles with a “salvage title” are seen as being worth less… Read the rest of this entry
Does an auto insurance policy have to be in the same name as the car loan?
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Does an auto insurance policy have to be in the same name as the car loan? |
Answer from a General Insurance Agent
Yes, Your finance contract (Loan) always requires that the borrower provide a Full Coverage Auto Insurance Policy on the vehicle being financed to protect the lien holders interest in the property until the loan has been satisfied. It’s a matter of your finance contract. Failure of the borrower to provide the coverage required under the terms of the finance agreement puts the borrower in “Default” on the finance note subjecting the vehicle to repossession and other remedies at the lenders disposal.
Answer
For Full Coverage, The Insurance policy should be properly in the name of the vehicle owner with any additional drivers listed as additional insureds on the… Read the rest of this entry
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