Search Results for: insurance

Car insurance for 20-Year-Olds

Although they have only a few years driving experience, 20-year-olds still pay high annual premiums. The average cost of full coverage car insurance for 20-year-olds is $3,795 per year. For 20-year olds, car insurance can be expensive. However, understanding how your premium is calculated and what you could do to reduce it might help you make your coverage affordable. […]

Michigan No-Fault Automobile Insurance Basics

Michigan law requires that no-fault insurance be purchased. Michigan law requires that every auto owner purchase basic coverages to register their vehicle. It is illegal to drive or allow your car to be driven without insurance. There are 3 parts to the basic no-fault policy: 1) Personal Injury Protection (PIP). This part of your policy covers all medical […]

Is Car Insurance More Expensive When You Finance?

It is possible to wonder if an auto loan will affect your insurance costs. Yes, it does. But not in the way you think. Having an auto loan usually doesn’t make the insurance company charge you more for the same policy. What a loan does is add additional coverage requirements to your policy — mainly collision and comprehensive — so the […]