5 Things to Consider Before Buying Your Next Car

Cars are a luxury for some but a necessity for others. Not everyone lives somewhere with abundant public transportation, which makes owning a reliable vehicle non-negotiable. Your Car gets you from work and home each day, but it also holds a lot of memories and carries a lot of sentimental value, too. Getting a new vehicle could feel bittersweet, but you may also be more than ready to upgrade your ride. From more space to more miles for your bucks, here are five things to consider that will help you choose the best Car for you. Think About Long-term Costs…

What Is a Comprehensive Car Insurance Claim? | Bankrate

Comprehensive is Car Insurance coverage that helps cover expenses for repairing or replacing your vehicle when it is damaged by hail, animals, glass breakage and theft. For drivers who lease or finance their vehicle, comprehensive coverage is usually required. However, for drivers who own their vehicles outright, comprehensive coverage is optional. Comprehensive pays for expenses for a number of damage scenarios, but there may be times when filing a comprehensive Car Insurance claim may not be necessary. Understanding what comprehensive coverage offers and when filing a claim might be beneficial may help you decide whether or not to add this…

What Happens If You Don’t Have Car Insurance?

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Nearly one in eight drivers do not have car insurance, according to a 2021 report from the Insurance Research Council. Joining this not-so-exclusive club is a terrible idea. Not only will you face legal consequences, such as fines and even jail time, but you’ll also face insurance consequences. And if you cause a car accident that results in property damage or injuries when you’re driving without car insurance, the financial fallout can be devastating.…

Leased cars a hot commodity as pandemic pushes car prices up

CASTRO VALLEY, Calif. (KGO) — The Department of Labor’s Consumer Price Index shows used Car prices dropped last month, but Kelly Blue Book disagrees, taking a longer view. It says used cars cost about 25% more than they did a year ago. 35% more than before the pandemic began. Why? COVID has had a domino effect on Car prices. Because of Auto parts shortages, there are fewer new cars to buy, making them cost more. That has driven up the cost of used cars. And this is now reflected in the residual value of lease cars. More than a quarter…

Here’s Why Insurers Care About Your Credit Score

Is your Credit score costing you money? Insurers consider a variety of factors when setting Auto Insurance premiums, including a motorist’s driving history, address, vehicle make and model, and surprisingly, their Credit score. At first glance, your Credit score might seem unrelated to your ability to drive safely, but statistics tell a different story. What does your Credit score say about your driving habits? Insurers look at credit scores as a measure of a driver’s responsibility. The indication is that those with high Credit scores manage their money well and are more likely to behave more responsibly behind the wheel.…

Buying a car? Beware of flood damaged vehicles after Hurricane Ida’s wrath.

There continues to be more demand than supply in the new and used Car markets, brought on in large part by a semiconductor shortage and other supply chain issues. Frustrated car shoppers might be quick to take a deal if they finally find the vehicle they’ve been looking for. But, consumer watchdogs warn, some of those cars could have been damaged by floodwaters from the remnants of Hurricane Ida. The storm caused water damage to about 212,000 cars across the country, according to an estimate by Carfax. That National Insurance Crime Bureau says reports from Ida are still coming in,…

Easiest Way to Get a Car Loan With Bad Credit

With bad Credit, getting any sort of new Credit can be difficult. However, if you’re in need of a Car Loan, then you’ve got at least three types of lenders to consider, and we want to help you find them. Bad Credit Auto Loans Getting a Car Loan with bad Credit doesn’t have to be hard. While you may be a little more limited in your choice of lenders, you may not be as limited as you think. Easiest Option: BHPH Dealership Arguably, the easiest way to get a bad Credit Car Loan is by heading to a buy here…

Tesla debuts new car insurance that uses Texans’ real-time driving behavior – TechCrunch

Tesla now offers Car Insurance in Texas, its new home state, a couple of years after launching the product in California. According to Electrek, though, the Insurance available to Texans is quite different than the one owners can get in The Golden State: It calculates for a customer’s Insurance premium using their real-time driving behavior. Their Credit, age and gender that are typically used by other Insurance providers apparently don’t matter to Tesla. The automaker says it won’t even look at customers’ claim history and driving records. Instead, Tesla will look at their “safety scores,” which is a feature it…