No one wants to be stranded in a car in the winter. At best, you could be cold and late as you wait for a tow or a ride; at worst, you are in danger of experiencing freezing temperatures or becoming involved in an accident. If you drive an electric vehicle (EV), it’s even more important to be prepared for winter weather because all EV...
Determining how much insurance you need to be fully protected and fit into your budget is a tricky task. Many factors come into play when answering this question. Things like state minimums, lender requirements, and the value of your assets are all considered when determining the answer. How much car insurance is enough? The answer to this question will vary wildly depending on many factors...
If you’ve ever bought or leased a car, there’s a pretty good chance you’ve been told you need “full coverage” auto insurance while under a loan or lease. But what exactly does that mean? Honestly, there is no such thing. It is not a term generally used by insurance companies because no insurance company can cover 100% of all situations, which is why so many...
When it comes to motorcycle safety, attention to detail is critical. According to the National Highway Traffic Safety Administration (NHTSA), motorcyclists face significantly higher risks in comparison to passengers in other vehicles. For every mile traveled, the risk of injury for motorcyclists is four times higher than that for passenger car occupants. The risk for fatality is far worse: seven times that of injury —...
The first step in determining whether a car is totaled (or, in insurance terms, a total loss) is to calculate its actual cash value (ACV) at the time of the loss. The ACV is how much your vehicle is worth after factoring in depreciation. On average, vehicles depreciate more than 20 percent in the first year and approximately 10 percent each additional year for the...
