Flood damage to homes, apartments, and businesses is a major concern for many North Carolina residents. Flood damage is typically not covered by renters and homeowners insurance. Flood insurance covers buildings and contents. Unfortunately, flood insurance is only available to a very small number of North Carolina residents. Flood insurance is affordable for many. However, the cost of […]

In 2019, there were 125 267 reported traffic accidents. Drunk driving and speeding were the most common causes of fatalities, accounting for more than 30% of all crashes. Insurance companies consider high-risk drivers who have had a DUI, multiple accidents or speeding tickets on the driving record. High-risk drivers in Pennsylvania typically pay higher rates and may not […]

AM Best ratings may be mentioned when researching insurance companies. You may find particular rating information on a carrier’s website or in a review about a particular company. The AM Best rating scale does not provide much information about an insurance company, but it is more than just a letter grade. AM Best ratings are an industry standard […]

You may see the NAIC referenced when researching insurance companies. This can make you wonder about how it affects your coverage decisions. The NAIC will help you understand what you should expect from your insurance company. NAIC stands for National Association of Insurance Commissioners. This organization is responsible for overseeing insurance regulation in the United States. What […]

Car insurance is required by law in most states. The national average cost of car insurance is $1,674 per year for a full coverage policy, which is based on a sample quote for a 2019 Toyota Camry. Car insurance premiums can be customized based on your age, gender, and car type. According to Bankrate’s 2021 study on annual car […]

While rates may vary from Subaru model to Subaru model, the average cost to insure a Subaru is lower than the national average. Based on a review by Bankrate of quotes from Quadrant Information Service, the average annual cost to insure Subaru Outbacks with full coverage is $1.361 per annum. Car insurance prices are determined by […]

Unexpected events happen every year that cause property damage, such as a car, house, rental or boat. Unexpected events can have a devastating impact on your financial and emotional health. Even though property insurance can help to reduce the financial burden, unexpected expenses may still occur depending on the extent of the damage. Unexpected events can have a […]

There are approximately 229 million licensed drivers in the United States, but the driving conditions in each state are far from equal. Some states are notorious for their long commutes, congestion, snarls and fatalities as well as high traffic deaths. However, other states have smoother driving conditions and lower accidents. This contradiction is mainly due to the differences in […]

If you are shopping for home insurance, it can be a good idea to review quotes from several companies. What should you look for when comparing home insurance quotes? How can you choose the best home insurance policy that suits your needs? Bankrate’s insurance experts can help guide you through the process of comparing home insurance quotes. It is […]

You can add “Comprehensive” and “Collision insurance” to your car insurance policy. Comprehensive covers damage to your vehicle that is not caused by collisions with other vehicles or objects. Collision coverage pays for damages to your vehicle if it hits another vehicle or object. To supplement minimum insurance requirements, these coverages can often be purchased together. Knowing the […]