Expect Car Insurance Rates to Drop at Age 25

Sixteen, 18, and 21 - all milestone birthdays. But alas, once you turn 22 you may feel as though you won't reach another age-based turning point until your retirement at 65. Surprisingly enough, when it comes to car insurance, your 25th birthday is among the most important milestones of your life.

The Car Insurance Dilemma

At the opposite ends of the car insurance spectrum are full coverage and liability only. In reality, there are many steps in between these polar opposites and there are even multiple levels of full coverage and liability only. However, car insurance can best be understood by first fully comprehending the differences between these two extremes.

Car Insurance Rates Vary For Each Insurance Company

When shopping around for auto insurance, you might want to do a little research, and try not to listen to snappy television commercials and cartoon mascots. The budget insurance companies that inundate the airwaves may guarantee lower prices, but their coverage might not be as inclusive as the traditional companies

Bad Drivers - Could You Be One?

Everyone knows that you should pull over to use your cell phone, but how many people really do? Some states are even making laws against cell phone use in cars. Even if your state doesn't have a law, it's a good idea to try to stick to this rule. It can seem silly to go to the trouble of pulling over just to use your phone, but it really is a distraction.

Fall Into ‘The Gap’ - Gap Insurance, That Is

Car insurance agents everywhere are probably pondering a name change for "gap insurance." After all, The Gap clothing line has lost a lot of its credibility. On Main Street, their clothes and shops just aren't very cool anymore, and as a result, the company is doing horribly on Wall Street.

Should You Be Told if Your Bad Credit Affects Your Car Insurance Rates?

The Fair Credit Reporting Act (FCRA) says that people have the legal right to be notified when they are declined for credit, employment, or insurance, on the basis of their credit history. But the Act is unclear on whether or not car insurance companies have to notify you if your bad credit results in higher rates. Several state attorneys general say that this is a bogus loophole that needs to be closed.

Comparison Shopping is Forcing Car Insurance Companies to Cut Rates

The cost of car insurance, like most other products and services, will go up over time. The internet has introduced deflationary pressures that have driven down the costs to consumers, but they can only fall so far before they have to start coming up again with general inflation. After all, cars still get damaged and repairs aren't getting any cheaper.

Insurance Company Complaints and Who to Complain to

Insurance Departments have various ways to be contacted. Many have hotlines that you can call to determine if you have any legal basis for a formal complaint. These hotlines can save you, and the department, a lot of trouble.

Are Car Insurance Rates Determined Unfairly?

There are many arguments that can be made for the case that car insurance rates are discriminatory. For one, they discriminate based on age - the oldest and the youngest pay more, even if they are good drivers. For another thing, they discriminate on the basis of gender, with women paying less for insurance than men.

Alaska Car Insurance

Like most states in the US Alaska requires that its motorists carry liability insurance. Liability means that if a driver causes an accident, regardless of the circumstances (poor weather, running a stop light, driving under the influence) their insurance company will pay for medical expenses and property repair for the drivers whose vehicle was struck.