NLIC.org

Gregory Said:

car insurance question?

We Answered:

A quote is an estimate of what insurance will cost you. Each quote is individualized due to differences in age, car value, driving record, etc. To give an accurate quote requires the vehicles VIN and all violations/accidents for the last 5 years.

Minnie Said:

about my leased car insurance?

We Answered:

1. Your lease doesn't require it - but your state MIGHT. So, it depends on what state you live in.

2. Most leases want a $500 deductible. So you'll have to ask your leasing company. Keep in mind, the deductible is the amount out of your pocket, before the insurance kicks in.

3. Yes. Commercial car insurance is NOT the same as personal car insurance, and does NOT give the same coverage. He lives with you, so you must list him on your policy as an occasional driver.

Kent Said:

Will buying / using a salvage car be more expensive on my insurance?

We Answered:

I'm not sure what is meant by "salvage car".
If you mean that the car has already been written-off as a wreck, then I can safely say that your insurance will be much cheaper. But that it because you will not be able to insure the car comprehensively. You should still be able to cover for 3rd party damage and injury.
Example: A colleague of mine had a 1965 Mercedes in very good condition. It was insured for $5,000. After a severe hail storm the panels were covered with divots, though luckily no glass was broken. The repair bill would have been several times more the the insured value, perhaps $20,000 or more. So the insurance company wrote-off the car, paid him $5,000 and let him reinsure for 3rd party damage. So if he is in an accident, damage to the other car is covered. (Because his was already written-off, he won't get any insurance payout for it and legally he cannot instruct the other driver to fix his car.)

Get thorough inspection from a motoring organisation. The State inspection might just be the basics, but a proper engineer's test will find faults like a twisted chassis or poor maintenance that might not be obvious.