What is the purpose of car insurance?

What is the purpose of car insurance?

Now I understand what car insurance really does, they cover losses mainly out of pocket, reduce risk which covers costs of many, but I have trouble understanding why a company is needed to do this. Lets say on an average a person pays 150/month for coverage. Over time this money adds up. After one were to be in a collision, they are presumably covered, yet a deductible is payed, then they increase the payments. I fail to see the purpose when they are just pretty much using your monthly payments to pay for these fines. Lets say you had a glass jar, and you put 200 a month in there, is the concept not the same? Even if you were to never get into an accident in your lifetime, do you see a dime of your money? I just really want to know if there is a true reason, or purpose for insurance, because I fail to see past it as a scam.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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What does full coverage auto insurance include?

is collision and comprehensive required for full coverage? what about underinsured motorist” insurance? i need to know everything full coverage includes because im buying my first car.”


Ok I just got a new job . but it does not offer health insurance?

What are good low cost health insurance . I only make like 350 a week . I don’t like being with out insurance


Cheapest car to insure?

I’m not asking for lectures of any kind, I simply want to know what the cheapest cars are to insure. The Ford Ka is a cheap one. I don’t want to be told there are no cheap car insurance, just the cheapest of them all. I’m a 17 year old male in Nov. Live with parents in a good area with no crime.


If you drive with no license or insurance are you automatically at fault?

A friend of my got into a car accident, his car was totaled and at the time he had a suspended licenese and no car insurance. Although the police report shows that he was not at fault the insurance company of the other party is now persuing him for $14,000 in damages. Unfortunatly he is having economic hardships and cannot make the payment they are requesting. They are clearly making threats to suspend his license if he doesnt pay $250 a month. Because he had no insurance or license is he automatically at fault? Is there anything he can do? Does anyone have any info on a good lawyer? Any Information would be helpful. Thank you 🙂

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

What is the typical cost of condo insurance in new jersey?

What is the typical cost of condo insurance in new jersey?


Little to no down payment on car insurance?

Does anyone know any car insurance companies that have little or no down payment, my current policy ends in tomorrow and since I’m still financing my car, they could come take it since I don’t have full coverage insurance. thank you


Since insurance companies oppose GOP efforts to dismantle Obamacare, which party has truly been the friend of the evil insurance companies”?”

Seems like Americans were duped into thinking that Republicans were fighting to defend big-insurance……but actually it’s the Democrats who are their friends. http://www.washingtonexaminer.com/insurers-will-strenuously-resist-gop-efforts-to-dismantle-obamacare/article/2556282


What is the purpose of car insurance?

Now I understand what car insurance really does, they cover losses mainly out of pocket, reduce risk which covers costs of many, but I have trouble understanding why a company is needed to do this. Lets say on an average a person pays 150/month for coverage. Over time this money adds up. After one were to be in a collision, they are presumably covered, yet a deductible is payed, then they increase the payments. I fail to see the purpose when they are just pretty much using your monthly payments to pay for these fines. Lets say you had a glass jar, and you put 200 a month in there, is the concept not the same? Even if you were to never get into an accident in your lifetime, do you see a dime of your money? I just really want to know if there is a true reason, or purpose for insurance, because I fail to see past it as a scam.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


What insurance companies are in massachusetts?

I believe that insurance in mass is horrible, but I don’t know if there are even other insurance companies here where can I find out?


What is the process to buy insurance for a new car?

When and how do you buy insurance for a new car? Say I buy a car today and drive it out the dealership. Do I need to have insurance all set up before buying this car? Let’s say I go get a quote from an insurance website and proceed to buy a package. Do they have to mail something to me, like a card or a certificate or something? Or can I just write down my policy number or print a receipt? Because I’m wondering, if it’s the former, then what do I do between the time I drive the car out the dealership and the time it takes for the insurance mail to arrive? Thanks!


Insurance settlement in Arizona?

I hit rear-ended a guy at about 5MPH back in July. He was in a pickup, I was in my civic. About $800 worth of damage to both vehicles. He complained of no injuries at the scene. I find out he got an attorney and filed a claim against my insurance. My insurance says they are still waiting to get a demand letter. Question: I only have $100,000 in coverage. Is there any chance he could get more than this?


How do you find out if someone that hit you has insurance?

yes i have his driver license #, plate #, home address, phone#…. verified his address thru whitepages.com. uninsured coverage will waive the deductible i would have to pay to fix my car if he’s uninsured so im hoping he really is unisured. but how do i find out is the question and if my insurance company will consider him uninsured.


Does Car insurance increase for adding spouse as Non-driver?

I have been added to my Dh policy for Car insurance as Non-driver. I dnt know driver. Does it increase the insurance rate? suggestions please


Is it better to switch from State Farm to Amica?

I’ve had State Farm for 13 years. I’ve only had one claim on a stolen vehicle three years ago. I obtained quotes form Amica, which is better rated and hard to be accepted. I’d be saving $120 on homeowners insurance and $160 on the car insurance per year. Is it better to switch or stick with State Farm. I don’t much care for my agent. She never comes to any event I invite her to, We both own property on the same street. There are nicer agents in town and my State Farm Agent keeps trying to sell me whole or permanent life insurance. I have shopped around and found better rates.


Which car is cheaper on insurance?

for my first car I am 16 years old secondary driver plus I took a driving course to minimize 30 percent which of these three is cheaper a BMW M3 E46 BMW E39 M5 or a BMW 330i ZHP I am only interested on insurance and is it possible the m3 can be cheaper because it has less horsepower and a smaller engine.


How much would insurance cost on a 125cc Skyjet?

Looking to buy a 125cc and want to know how much it would be to tax it, MOT it and insure it. Almost 17 and just want a brief idea about how to do it and what to expect.


What is the purpose of car insurance?

Now I understand what car insurance really does, they cover losses mainly out of pocket, reduce risk which covers costs of many, but I have trouble understanding why a company is needed to do this. Lets say on an average a person pays 150/month for coverage. Over time this money adds up. After one were to be in a collision, they are presumably covered, yet a deductible is payed, then they increase the payments. I fail to see the purpose when they are just pretty much using your monthly payments to pay for these fines. Lets say you had a glass jar, and you put 200 a month in there, is the concept not the same? Even if you were to never get into an accident in your lifetime, do you see a dime of your money? I just really want to know if there is a true reason, or purpose for insurance, because I fail to see past it as a scam.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Can dental insurance (DPO and DMO) be used together to reduce the copay? How does it work? ?

Can dental insurance (DPO and DMO) be used together to reduce the copay? How does it work? ?


Average amount of settle payouts from substandard insurance companies?

Average amount of settle payouts from substandard insurance companies?


Whould the insurance company help me if I light fireworks off in my house.?

Whould the insurance company help me if I light fireworks off in my house.?


Are old Land Rovers cheap to insure for young drivers? 10points!?

For a 17 year old like myself, I’ve been asking around and a majority of people have said that a Series 3 to a 20+ year old defender are far likely to be cheaper to insure a young driver on. Is this true? I want a Land Rover because they are solid cars and the parts are easy to find and cheap to repair if anything went wrong. I’m looking for either a defender or a series 111 in good shape.


Can i buy a car with no car insurance?

I just moved to Florida and I don’t know all the traffic and driving law down here yet. NO HATERS


Gas vs electric stove and furnace in ONTARIO..Which is cheaper in terms of cost and insurance?

Dear friends, I am about to buy a house in Brampton (Ontario) that has a gas furnace and stove.. I don’t really know the difference between electric ones and gas ones in terms of cost, safety and insurance costs? What are the pros and cons of each? Thank you


With travelers car insurance, can i still get a lift kit and be insured?

Some insurance companies don’t have a difference and some won’t insure, or charge more to insure.


21st Century Auto insurance question?

So my policy went up without me even being notified and of course my card was on file. When I noticed they were taking alot more money out I called and found out the prices increased even when there was another plan that I could have had at the same price! I cancelled the plan and they told me I would have to pay for the 4 days that I had insurance and they’d refund the rest of the money for the month. Well I found out they took $70 for just four days! I called and they tried saying it was for the policy yada yada yada but they really didn’t understand that I had already paid previous months nor did they want to put a manager on the phone. What can I do? Can I speak to my bank about this unauthorized charge? Thanks. I just can’t afford someone’s stupid errors like this.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


How much is Motorcycle insurance for a 16-17 year old?

I talked to geico and they told me that it would cost about $800 a year for insurance for only 1000 miles. Is this the case for most insurances? I have good grades and i am required to take a safety course before i get my motorcycle permit (i dont know if these will give me discounts though). I drive a 2006 Kawasaki klr 650. Thanks


Is this a good thesis statement?

We’re writing an essay about the Obama health care speech and our teacher told us to use the 3 appeals(ethos, pagos, and logos). heres my sentence: Since the health insurance has gotten so expensive, a lot of people cannot afford it and that’s why Obama created a plan so people can have affordable health insurance and I have to say that I agree with him. if you want, you can revise it =)


My dad is 72 can i get life insurance?

i would like to take out a life insurance for my dad who is now at a age of 72


Having a hard time to find affordable health insurance?

I just need a simple surgery on both my ears. About a year ago I developed a keloid on both ears. I know they can get bigger so I want to get it fixed before it looks like a grape behind my ear. My biggest problem is in finding affordable health insurance. Can anyone tell me a good site to go to for affordable health insurance? All answers would be greatly appreciated.



BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

Where is low cost dental insurance programs?

I HAVE HORRIBLE TEETH, WHERE IS A LOW COST DENTAL INSURANCE PLACE OR MONTH TO MONTH PAYMENTS


What is the purpose of car insurance?

Now I understand what car insurance really does, they cover losses mainly out of pocket, reduce risk which covers costs of many, but I have trouble understanding why a company is needed to do this. Lets say on an average a person pays 150/month for coverage. Over time this money adds up. After one were to be in a collision, they are presumably covered, yet a deductible is payed, then they increase the payments. I fail to see the purpose when they are just pretty much using your monthly payments to pay for these fines. Lets say you had a glass jar, and you put 200 a month in there, is the concept not the same? Even if you were to never get into an accident in your lifetime, do you see a dime of your money? I just really want to know if there is a true reason, or purpose for insurance, because I fail to see past it as a scam.


Insurance question?

Well I’m under 18 and don’t live with my parents. my job doesn’t offer dental or health insurance. I need to go to an orthodontist to get a check up, and I may need some kind of retainer, braces etc because of jaw pains. Is there a way you can make payments without insurance? Or get some kind of plan? If I can’t do anything until I’m 18 what kind of insurance should I get? thanks!


How much a pass plus can reduce my insurance premiums?

How much a pass plus can reduce my insurance premiums?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


How much is motorcycle insurance compared to auto insurance?

I’m 19 years old and have have been driving for over 2 years with my dads car using secondary insurance. Last year I really got into motorcycles and after riding a couple on back roads, I want to get one this year. I like the look and feel of an older motorcycle. I want to get something from the 80’s. So far my most favourite bike I’ve ridden is a 1979 Honda with a 125 motor I believe. I don’t care for speed, I like cruising. I’m more into chrome and chopperish feel. I’m a full time college student and I found that they offer motorcycle driving training there in the summer. Since I’m a student I will get a good discount. On top of that the parking at school for motorcycles is only $20 a month whereas I pay $7 a day for car parking. I live in Ontario, Canada which probably has the highest rates in the country. I currently pay $100/month for secondary. It used to be $150 but since I’ve proven to be accident free, they brought it down for me. Primary car insurance on the other hand is more like $300 or more per month for me. So do I have a good case here? 1. Older bike which won’t need full coverage 2. I own the bike 3. Parked in a private underground garage at home 4. Parked in a private, security controlled lot at school 5. Already have driving experience and clean record I get my full driving license next week and I am in the process of registering for my M1 What could I be looking at paying? I know it’s not possible to get an exact quote but what could I be looking at? Which bikes have lower rates?


Car insurance question?

I got in a wreck while driving my friends car. It was my fault. She has insurance but I dont know what kind of coverage. If its only liabilty should I help pay for the damage to her vehicle out of my own pocket. Thats the right thing to do right?


I need dental insurance…?

Does anyone know of any good places I can get dental insurance through? Thanks


What is the best affordable dental insurance.?

How much for 1 person and is there a deductible? (Wow I actually have a serious question.)


Car Insurance Claim Help?

Car Insurance Claim Help? On the 4/7/2011 I was at a set of traffic lights that was (RED) of my way to the shops. As the lights went green I begin to move off slowly as I did another car came from the left of me and tried to turn right as he speed up he crashed into the drivers side of the car. He clearly jumped a red light (Clearly Seen on CCTV). I was in total shock at the time! After he crashed into my car he went to drive off by reversing, I jumped out of my car to stood in his was so he could not drive off the witness behind me called the police while I was stopping his from driving off he started to drive forwards trying to me me out the way. After the driver spoke to the police on the phone, he then gave me his Name, Phone number and Insurance information. The next day I called my insurance company they was vary helpful and I believe the clam would be settled in my favor as I had CCTV of the crash as I had a camera inside of my car and a witness that was behind my car at the time of the crash. After nearly 4Months I have now revived a letter stating that the claim has been closed on a Without Prejudice Basis. When I contacted Aviva to see what the 3rd party has not accepted full liability they said it was dealt with like this as the 3rd party who crashed into me was not responding to and calls or letters that have send him. Aviva did not asked to see the CCTV of the crash and did not take into account the witness statement. WHAT CAN I DOOO??


Im 17. I got a speeding ticket do I have to go to court with a parent?

I got a speeding ticket doing 77 in a 55. I live far away from the school i attend so I was in a hurry and really wasnt paying attention that I was going that fast even though I knew I was speeding. Anyways I have the money my self to pay for the ticket. But could I go to court with out my parent being present.


Got a dui in ny, how much will car insurance go up?

OK so i recently was caught for a DUI in NY state , i am under my sister’s insurance (geico) and the car is in my name….i want to know how much will the insurance go up even though my sister never had a claim and i am under her…


Car insurance for new driver 16 years old?

my son just got his license and he is 16 and he will be insured on a 1962 vw bug and i was wondering what the average cost would be a month for insurance and what is the best but also cheap insurance he could get help?


Is it bad to keep driving my car when it needs an oil change?

I have a 2008 Honda Civic Si. It is currently due for a scheduled oil change but I can’t do it at this time. I was just wondering if I can keep using my car without doing the oil change for now. If so, for how long can I keep driving it before I absolutely have to do the oil change. I don’t wanna cause any damage to my car, I want to maintain it in the best conditions that I can so do you recommend me to not use my car until I can do the oil change or can I keep using it for a while with out doing much damage? If so how long?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Isn’t it patriotic to want all Americans to have access to affordable healthcare?

Isn’t it patriotic to want all Americans to have access to affordable healthcare?


What is the purpose of car insurance?

Now I understand what car insurance really does, they cover losses mainly out of pocket, reduce risk which covers costs of many, but I have trouble understanding why a company is needed to do this. Lets say on an average a person pays 150/month for coverage. Over time this money adds up. After one were to be in a collision, they are presumably covered, yet a deductible is payed, then they increase the payments. I fail to see the purpose when they are just pretty much using your monthly payments to pay for these fines. Lets say you had a glass jar, and you put 200 a month in there, is the concept not the same? Even if you were to never get into an accident in your lifetime, do you see a dime of your money? I just really want to know if there is a true reason, or purpose for insurance, because I fail to see past it as a scam.


Forgotton life insurance policy?

my mother bought me a life insurance policy when i was very young now all paper work is gone how can i find it??Thanks


Car insurance ?????????

Which is cheaper to go in a car insurance office or over the phone or the net.


WHAT IS BEST LIFE INSURANCE OR FUNERAL INSURANCE.?

a friend asked me this question so i thought id ask you guy’s out there. we are both single guy in hour early and mid 30’s,both receive a DSP_pension,live separately were just mates,no dependants both smoke cig’syes were slowly giving em up”we live in Tasmania


AMERICAN INCOME LIFE INSURANCE?

Does anyone know how much commission on average is made on a life insurance and health insurance policy when working for American Income Life in Florida? Fort Lauderdale


Do Liberals know that Affordable Care Act will in fact make healthcare insurance far less affordable?

On Jan. 30 the IRS released new regulations regarding Obamacare – remember that the IRS is in charge of penalizing you should you fail to purchase the mandated insurance – that included cost estimates for the plans the government will offer. Obamacare Lie #4: Obamacare will “cut the cost of a typical family’s premium by up to $2


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