Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
It's Five Nights at Freddy's Again! - 12th Jan 25
Squid Game Stock Market 2025 - 5th Jan 25
Stock Market Bubble Drivers, Crypto Exit Strategy During Musk Presidency - 27th Dec 24
Gold Stocks’ Remain Exceptionally Weak Even as Stocks Rise - 27th Dec 24
Gold’s Remarkable Year - 27th Dec 24
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Car Insurance And Insurance Claims and Options

Personal_Finance / Insurance Oct 25, 2020 - 05:55 PM GMT

By: Kavinesh_A

Personal_Finance

            It is widely known that different cars come at a different cost for their insurance. But have you ever wondered why there is such a big difference from one car to another? Checking out the insurance premium for the car is an advisable thing to do whenever you plan to buy a car, regardless of whether the car is old or new. Checking out the insurance costs will help you avoid other expenses down the road.


Key Insurance Differences

            New cars come with higher insurance costs than old cars. There are a few reasons for that. First, if a new and more luxury car is stolen, you will lose a lot more than if your average, older car is a subject to theft. Both old and new cars do the same job and will take you from point A to point B, but there is a big difference in their value. Simply put, it costs much more to replace a modern, new, and expensive car than it costs to replace an average car.

            Next, the repair costs for new cars cost more than the repair costs for older cars. This also affects the insurance premium packages for the cars. If a new car is crashed then the auto repair shop will give you a higher bill in comparison if an older car gets damaged. Finally, the type and look of the car is another factor that affects their insurance cost. Insurance companies have very detailed tables with insurance prices for specific types and styles of cars. Sports cars usually come with higher insurance costs because drivers of sports cars usually drive them faster and riskier than those drivers that drive standard cars. 

Insurance Claims and Options

            In case there is an accident with a car, the insurance company of the person holding the insurance will compensate for the loss. In some states, the driver who is found guilty and responsible for the accident must pay the victim for the damages of the accident. However, sometimes the driver that caused the accident may not have an insurance. In such a case, the best thing you can do is immediately call and hire a reputable Houston Car Accident Lawyer.

            You and your lawyer can work on suing the other driver if he or she does not have insurance that can compensate you for the damages. The lawyer can file a claim on your behalf, can negotiate with the other side, with insurance agents, and can do many other things like collecting evidence that can help you receive fair compensation. An attorney that is specialized in working with personal injury claims arising from car accidents can guide you through the entire process. Without the help of a lawyer, you would be lost in the complex labyrinth of legal provisions, terms, and conditions you are not familiar with. Therefore, consider hiring a good lawyer that can get the compensation that you deserve for the personal injuries sustained from a car accident.

By Kavinesh

© 2017 Kavinesh - All Rights Reserved

Disclaimer: This is a paid advertorial. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in