Becoming an Adult
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Financing Your First New Car? 4 Things You'll Need To Know About Your Auto Insurance
If you're in the market for your first new car, and you're going to be financing the purchase, you'll need to know a few things about auto insurance. Insuring a financed car is slightly different than insuring a car that you own free-and-clear. For one thing, you'll need full-coverage insurance, meaning that you won't be able to settle for the basic liability that most states require. For another thing, the finance company will be listed on your insurance, and they'll be compensated should something happen to your vehicle.
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Why Carrying Only The Legal Minimum Really Isn't Enough
You need auto insurance in order to drive legally in most cases, but a full insurance policy can be pricey for many. One tactic people use to cut costs is to reduce their coverage to only the legal minimum, which means they are often carrying only a little liability and medical coverage when they drive. If you have found yourself in dire financial straits and are thinking of reducing your coverage, talk to your agent to work out a different strategy.
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3 Reasons to Avoid Lapses in Your Car Insurance
A lapse in auto insurance coverage is a time period in which you do not have any coverage at all. A lapse can occur for a day, weeks, or even years, but allowing lapses to occur will typically cause negative effects on your ability to get car insurance and on the cost you will pay for it. Here are three top three reasons you should do all you can to avoid a lapse in your auto insurance coverage.
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Keeping Your Vehicle Safe & Legal
Did you save up enough money to purchase a vehicle? If you intend on buying one for the first time and don't have much driving experience, it is important to be cautious about how everything is done. You must not only use caution to prevent an accident, but you must also make sure you are legally able to drive. Keep in mind that driving is a privilege that can be revoked if you don't do it in a legal manner, or if you break too many traffic laws.
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Some Factors That Affect The Price You're Quoted On Auto Insurance
Car insurance is one of those things you must have, but probably hate paying for. You'll want to get the best deal so you don't feel like you're wasting your money. One thing you can do is shop around for various quotes on the cost of the insurance. You'll probably want to get new quotes each year just to make sure what you pay is always a good deal. Still, several factors affect the price you'll be quoted.
After I graduated college, I started to feel like an adult. I started teaching at a school. I also bought a car. And I became the owner of several insurance policies. I obtained a comprehensive insurance policy for my car. I also secured my first life insurance policy at this time. I didn’t want my family members to be burdened with funeral costs if I suddenly passed away. A few years after graduating college, I became a homeowner. After this joyous occasion, I invested in a homeowners insurance policy. On this blog, I hope you will discover the most common types of insurance people purchase.