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Rita Said:

Lindsay Lohan has to pay a ton for car insurance, why shouldn't fat people & smokers pay more in medicare tax?

We Answered:

Insurance and taxes are completely different things. Insurance is voluntary. Taxes are mandatory. If Lindsay Lohan wants to just take the bus, she doesn't have to pay insurance premium at all. She will still pay taxes though.
Insurance companies structure their rates to be appealing to the most people, that's how they make money...discounts for good behavior, penalties for high risk choices. Always aware that customers could opt out entirely if the costs were excessive, or the discounts too small.
Government taxes, on the other hand, don't really care if you want the tax or not. You are no longer a customer, you are a revenue stream. To the limited extent that morals have anything to do with government, it would be wrong for them to arbitrarily and punitively exploit a captive resource like that.

Cassandra Said:

Trouble with my car insurance....?

We Answered:

Premium Choice are a broker so they will place your policy with an insurer - chances are you will have heard of the company that they place your business with. They are required to inform you before you purchase any policy who the insurers will be. Even if you are not confident of the broker themselves, the fact that your premium will be paid to the insurer (less commission taken by the broker) will safeguard your policy against the broker going bust.

Carolyn Said:

Why should we pay CAR insurance?

We Answered:

If replacing the car was required on all policies insurance would be a lot more expensive. As is the law requires us to protect innocent 3rd parties (so if a driver hits a 8 yr old the injured kid will get some money torwards his medical bills), but allows us to decide if we want to pay extra to insure our vehicles for comprehensive and collision or not. Personally I'd be p'd off if the government made it mandatory that I had to pay extra premium to insure my car for full replacement cost whether I wanted to or not.

While a lot of carriers don't offer full replacement cost, most do offer gap insurance when you buy a brand new car - this will pay the difference between the ACV (Actual Cash Value) of your vehicle and the amount that you owe the lienholder. You can also buy this at the dealership when you buy the car but check with your agent first to determine which route is cheaper.

When your car is paid off if you continue to carry comprehensive and collision coverage you will be paid the ACV of the vehicle. Even a 1980 Pinto will get you some money back. To determine the ACV of your car you should look it up on bluebook (www.kbb.com) while the insurance company will make a big deal about how that is not what they use to determine it the two numbers are usually similar - you can then decide if it's worth the premium.

If you feel like you're an awesome driver and will never cause an accident insure your vehicle for just comprehensive (theft, weather damage, fire) and drop collision. Make sure your policy has Uninsured and Underinsured Property Damage and if the BAD driver in your question has no insurance your company will still pay the ACV of your car.

Six months is not long enough to gauge a person's driving record - insurance companies typically look at 3-5 years. If you are accident and ticket free during that time they will usually offer you a lower rate. You should also shop around every so often to make sure you're getting the best deal.

I think I've covered all your points - sorry if I left one out and I hope this helps.

Erik Said:

had insurance quote now company wont cover? advice!?

We Answered:

The other two answers are absolutely correct, however, they forgot to mention the most important thing. There are thousands of companies and there is at least one that will work through this with you. You are going to pay more but you can get insurance.

Ralph Said:

Car accident - Which is better? Settle by cash or go through insurance for $1000 ?

We Answered:

The best thing to do is to talk to your insurance agent and be frank with him. Ask him how much your insurance will go up and he'll be more than willing to help. Simply mentioning it to him does not mean he will file the claim. Since the damages are greater than $1000, it's quite possible it will be less expensive for you to go through insurance, especially if this is your first accident. After my first accident, my insurance only went up $8 per month and I'm in a high risk age group.