How Your Driving Record Affects Your Insurance Rate

How Your Driving Record Affects Your Insurance Rate

If you’re a safe driver who obeys traffic laws, you’ll pay lower car insurance premiums than your neighbor who has several speeding tickets on his driving record. How much more will you have to pay for car insurance if your driving record isn’t spotless? It depends on what your traffic violations were and when they happened, as well as the insurance company’s rating system. Violations and Accidents Law enforcement officers

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Software Engineer Saves Money, Gets $100 Amazon Gift Card Reward

Software Engineer Saves Money, Gets $100 Amazon Gift Card Reward

When Steven Hsu, a software engineer in New York City, read on a technology website about saving money on car insurance with Gabi, he was intrigued. “Gabi seemed legit and easy to use, and there was no obligation to switch to a new insurance company,” he says. “I thought, ‘Why not give it a try?’” Saving Money After Hsu entered his current insurance policy information into the Gabi tool, Gabi

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Are You Getting a True Comparison?

Are You Getting a True Comparison?

How accurate are insurance comparison tools? As these tools have sprouted up all over the Internet, it’s a fair question—and the answer depends on which type of tool you’re using. There are two types of insurance comparison tools. The first is owned and engineered by a specific insurance company, such as Progressive or Geico. These tools are designed to allow you to compare multiple policies from that single provider. Some

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Lower Price Insurance Can Still Offer High-Touch Service

Lower Price Insurance Can Still Offer High-Touch Service

When you bought that cheap TV on Craigslist and it stopped working a week later, your roommate may have said: You get what you pay for. It’s a classic adage that means if you want high value, you must pay a higher price. While the saying holds true in some cases (cheap toilet paper, anyone?), it’s not a universal truth. In some cases, you truly can save money and still

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You Get What You Pay For? Not Always the Case with Insurance

You Get What You Pay For? Not Always the Case with Insurance

A cheap pair of shoes will probably wear out long before an expensive pair. And a housepainter with the cheapest rates may leave more smudges on your walls than the more expensive alternative. But when you pay less for insurance, that doesn’t necessarily mean you’re getting less value. Unlike shoes and paint jobs, insurance prices don’t vary based on value: Each insurance company is required to pay for covered claims

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Insurance 101: What You Need to Know About Insurance to Save Money on It

Insurance 101: What You Need to Know About Insurance to Save Money on It

We all need car insurance, home insurance or renter’s insurance, but many of us don’t quite understand how it works. But if you understand how insurance works, you’ll be more likely to save money on insurance. Here’s what you need to know. How Insurance Companies Make a Profit  Insurance customers pay premiums every month or year, and most of the time, insurance companies collect more in premiums than they pay

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Everything You Need to Know About Collision Insurance

Everything You Need to Know About Collision Insurance

State laws require drivers to purchase liability insurance, which covers the damage to another person’s car if you cause an accident, but there’s no requirement to carry insurance to repair your own car. Collision insurance helps pay for damages to your car if you crash into another car or object or roll your car, and if your car is totaled, it helps pay replacement costs. According to the Insurance Information

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What You Need to Know About Comprehensive Car Insurance

What You Need to Know About Comprehensive Car Insurance

You’re not required to purchase comprehensive car insurance in any state, but it may still be a smart move. Comprehensive insurance covers damages to your car caused by anything other than hitting another car, such as flooding, fire, hail, falling objects or riots, and pays for the value of your car if it’s stolen. Seventy-eight percent of insured drivers purchase comprehensive insurance, according to the Insurance Information Institute. Imagine you’re

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Three Ways to Lower Your Monthly Car Insurance Payments

Three Ways to Lower Your Monthly Car Insurance Payments

Have you ever found a twenty dollar bill in your pant pocket that you didn’t know you had? It’s quite a joyous occasion. Now imagine you had a pocket that may contain several dozen twenty-dollar bills. You’d probably check it, no?

Slashing your monthly auto insurance bill by hundreds of dollars is pretty much the same thing. Luckily it only takes a few steps.

When an Accident Isn’t Your Fault: Use the CRASH Method

When an Accident Isn’t Your Fault: Use the CRASH Method

Knowing what to do immediately after a car accident can be difficult–let alone one where someone else is at fault. Obviously the first order of concern is everyone’s health and wellbeing.

Even if there are no injuries, emotions and adrenaline will be running high, and this fact may understandably impair your decision making. Here’s what to do to ensure that you’re not left with a huge bill on top of your traumatic experience.