Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Car Insurance And Insurance Claims and Options

Personal_Finance / Insurance Oct 25, 2020 - 05:55 PM GMT

By: Kavinesh_A

Personal_Finance

            It is widely known that different cars come at a different cost for their insurance. But have you ever wondered why there is such a big difference from one car to another? Checking out the insurance premium for the car is an advisable thing to do whenever you plan to buy a car, regardless of whether the car is old or new. Checking out the insurance costs will help you avoid other expenses down the road.


Key Insurance Differences

            New cars come with higher insurance costs than old cars. There are a few reasons for that. First, if a new and more luxury car is stolen, you will lose a lot more than if your average, older car is a subject to theft. Both old and new cars do the same job and will take you from point A to point B, but there is a big difference in their value. Simply put, it costs much more to replace a modern, new, and expensive car than it costs to replace an average car.

            Next, the repair costs for new cars cost more than the repair costs for older cars. This also affects the insurance premium packages for the cars. If a new car is crashed then the auto repair shop will give you a higher bill in comparison if an older car gets damaged. Finally, the type and look of the car is another factor that affects their insurance cost. Insurance companies have very detailed tables with insurance prices for specific types and styles of cars. Sports cars usually come with higher insurance costs because drivers of sports cars usually drive them faster and riskier than those drivers that drive standard cars. 

Insurance Claims and Options

            In case there is an accident with a car, the insurance company of the person holding the insurance will compensate for the loss. In some states, the driver who is found guilty and responsible for the accident must pay the victim for the damages of the accident. However, sometimes the driver that caused the accident may not have an insurance. In such a case, the best thing you can do is immediately call and hire a reputable Houston Car Accident Lawyer.

            You and your lawyer can work on suing the other driver if he or she does not have insurance that can compensate you for the damages. The lawyer can file a claim on your behalf, can negotiate with the other side, with insurance agents, and can do many other things like collecting evidence that can help you receive fair compensation. An attorney that is specialized in working with personal injury claims arising from car accidents can guide you through the entire process. Without the help of a lawyer, you would be lost in the complex labyrinth of legal provisions, terms, and conditions you are not familiar with. Therefore, consider hiring a good lawyer that can get the compensation that you deserve for the personal injuries sustained from a car accident.

By Kavinesh

© 2017 Kavinesh - All Rights Reserved

Disclaimer: This is a paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in