Question:  I have a question we purchased car insurance for a car we were buying but never bought the car, can I get my money back?

Answer: Absolutely! There was no vehicle to provide coverage for, so the insurance company did not do anything for you to owe them any money for.

Let the insurance company or insurance agent know that you never purchased the vehicle, but do it as soon as possible. If they give you any problems about giving you your money back, report them to your state Insurance Commissioner.

Q: Approximately how much does my insurance premium go up if you have couple of points on your record?

A: There is really no answer to the question that we can give for several reasons.

1. Each insurance company has different insurance rates.
2. Each insurance company assigns a different value to the number of points on a driving record.
3. The rates for insurance companies vary from state to state. The amount a policy will go up for two points in Idaho is different than how much it will go up in Florida.
4. A person with a couple of points will have a much different premium than a driver with a couple of points and bad credit or an accident that was never reported to the police.

As you can see there are so many variables that come into play with insurance premiums that it is impossible to give even an estimate of what a premium increase would be. Wish insurance premiums were the same across the board and we could give an actual answer.

Q: What if my insurance company wrongly assigned fault to me & then reversed its decision upon investigation by the insurance commission? They also used my uninsured motorist coverage to settle medical claims when I had medical payments coverage. Their subrogation division then sent me a letter saying they were unable to recover from the responsible party insurance company.

A: First, you need to see if you can’t get a hold of a claims manager to get an explanation for all of this. Tell them that you wanted to talk to them first to get it sorted out before going to the insurance commissioner again about the same claim.

If your insurance company refuses to help you and things just don’t seem right still, it’s time to call the commissioner again.

It’s that time of year again to look for cheaper car insurance.

Start the New Year with cheaper car insurance

Now that the holidays are over and we have all mostly recovered, it is time to do your annual checkup on your policy to see if you can’t get find cheaper car insurance rates. Yes, this will take time as you will need to contact different insurance companies and insurance agents for different quotes. But, the savings will be well worth it.

Of course, if you want to save yourself a lot of time you can always use our site to get insurance quotes. All you have to do is enter your information once and it will bring up quotes from multiple insurance companies. Definitely a good time saver.

Making Sure It’s Actually Cheaper Car Insurance

To make sure the quotes you are getting are indeed for cheaper car insurance and not just for less coverage, you need to make sure you have your current car insurance coverages in front of you. You can find your current coverages on the declaration page of your insurance policy. If you no longer have that page, you will need to get a copy from your current insurance company or insurance agent.

You need this information so that you can tell the company or agency you are getting quotes from what coverages you need. This is not to say that you can’t lower your coverages, but you want to first make sure you are getting a better price with the new company you are looking at compared to your current company.

Tossing Unused Coverage for Cheaper Car Insurance

Sometimes we purchase items that we end up really not needing and insurance coverages are no different. For example, you may have purchased rental car coverage when you first got your insurance, but now you have two vehicles and don’t really need a rental car if you can’t drive one after an accident. Or maybe you purchased towing coverage, but ended up with AAA later down the road. Now you have double towing coverage and probably hardly ever use either one.

It’s coverages like these that you can drop off of your policy to give you cheaper car insurance. Those non-required coverages that are optional.

The one thing you need to do before calling around for new insurance though, is to contact your current insurance company and see if they can’t get you a cheaper car insurance rate first.

Can you get an insurance refund from a  down payment you already paid?

Q:  I renewed my insurance with U.S. agencies and I put a down payment of 152.00 down on Jan. 7…. Now on Jan 12 I got another policy with state farm for a cheaper price and more coverage….Am I entitled to get my 152.00 back from Us Agencies????

A: It all depends on your renewal date.

If your renewal date is after January 12th, then yes you are entitled to the full insurance refund of $152.00 back (minus any fees the old company charges). If your renewal date was before January 12th, then you won’t get the full $152.00 back, your old company will instead pro-rate your insurance refund for the days you were not covered by them.