Automobile Considerations
ABCs of Auto Insurance Sep 5, 2008
Today, most states require car owners to purchase auto insurance coverage. Whether you already have auto insurance or are considering buying some, you may be wondering how much is enough and which types of coverage you need. Here are a few tips to get you started.
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Buying a Car Sep 5, 2008
Maybe you've always pictured yourself driving a shiny red convertible. Or perhaps you've had a recent addition to the family and you're looking for the practicality of a minivan. Whatever the reason, you're in the market for a new car. Here are some tips to help make the car-buying process a bit easier.
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Buying a New Car? Asking These Questions Might Save You Money on Your Auto Insurance Sep 5, 2008
The price of your new vehicle, not how much you'll pay to insure it, is your main concern when you're shopping for a new car. But a vehicle whose price seems right at the dealership may end up costing you a lot more than you expect once you factor in the cost of insuring it.
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Gap insurance Sep 5, 2008
Let's say you took out a five-year loan last year to buy a new car. Naturally, you insured your car at around the same time. If your car is stolen tomorrow and not recovered, or is damaged beyond repair, the amount your insurance company pays may be insufficient to pay off your auto loan. You'll be left holding the bag. Cash may be especially tight if you must buy another car to replace the one stolen or damaged. For these reasons, you should consider buying guaranteed auto protection (GAP) insurance when you buy or lease a new car.
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How Much insurance Coverage Do I Need? Sep 5, 2008
All states have financial responsibility laws that either explicitly or in effect require you to purchase at least some auto insurance. However, there is often a large gap between the amount of coverage you're required to have and the amount of coverage you really need. Even in states with the most stringent requirements, many insurance professionals suggest that you have a broader scope of coverage (i.e., more types) than what the state mandates, and that your coverage limits in most areas exceed the required state minimums.
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How Safe is That New Car? Sep 5, 2008
If you're in the market for a new car, safety should certainly be one of your concerns. Although every car must meet minimum federal safety requirements, the degree of safety can still vary considerably among different automobiles. You should consider several factors when evaluating a car's safety. Look for the car that offers the best safety features, given your pocketbook, your passengers, and the kind of driving you do most.
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