How Much Car Can I Afford For My Salary? The rule of thumb among many car-buying experts dictates that your car payment should total no more than 15% of your monthly net income, sometimes called your take-home pay (some might stretch this to 20%, but 15% is more conservative and therefore likely to make budgeting
Can I Be On My Husbands Insurance And My Own? Dual coverage: you and your spouse on both plans. In this option, each spouse signs up for coverage for themselves through their own employer and signs up for coverage for their spouse (and children if they have them). So every member of the family has
What Is The Point Of Having Car Insurance? The main purpose of auto insurance is to provide liability protection in case you injure or kill someone during a car accident or cause damage to other people’s property. All 50 states legally require you to carry a minimum amount of this liability insurance. What is the
Why Is It More Expensive To Insure An Older Car? Consider repair and replacement costs: Older vehicles can cost more to insure because they can be more expensive to repair due to hard-to-find parts. Consider how much you’ll need to spend to make repairs to your older car. Is it more expensive to insure a
How Does Group Insurance Differ From Individual Insurance Quizlet? How does group insurance differ from individual insurance? T is covered by two health insurance plans: a group plan through his employer and his spouse’s plan as a dependent. In double coverage situations, the insurer covering the employee who has the claim is called the primary
Do Both Insurances Go Up When There’s An Accident? California and Oklahoma are the only two states that prohibit insurance companies from raising rates after not-at-fault accidents. In states where it is allowed, the exact amount that your premium will go up depends on your insurance company. Does your insurance go up even if it’s
What Happens If You Lie About Your Address? Technically, lying about your address on your Auto Insurance form isn’t a crime. However, there are serious consequences if you’re caught lying about your address. Insurance companies call lying about your zip code “material misrepresentation of the risk,” more commonly referred to as fraud. Is it illegal
What Happens When Someone Not On Your Insurance Crashes Your Car? For example, if a friend borrows your car without your permission and causes an accident, your friend’s insurance may be considered primary coverage. However, if your friend doesn’t have insurance, you may still have to file a claim with your own insurance company to
Is Sliding On Ice Comprehensive Or Collision? Damage sustained by your vehicle after hitting a patch of ice will be covered if you have collision coverage. This coverage pays for repairs to your car (up to your policy limits) if you hit a guardrail, another vehicle, a mailbox, or any other inanimate object. What do
What Happens If You Lie To Car Insurance About Accident? If you lie to an insurance company about a car accident claim, you will automatically be denied that claim. Whether part of the claim was legitimate or not, the company is within its rights to deny you compensation. Can someone sue you personally after a