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Your auto insurance policy will answer many of the questions you have about your individual policy. The questions below represent two of the most common questions auto insurance companies get, but their answers may vary based on your individual policy. [Let CarInsurance.com help you find affordable auto insurance now.] Will a speeding ticket increase my insurance premiums?
Each individual state decides what is reasonable regarding the increase of insurance rates by auto insurers. Many states have stated that raising rates on the insured who receive one speeding ticket is not reasonable. So often, if you have a clean driving record and just received your first ticket, you will not see your rates go up. Of course, this is not guaranteed, and some of the details behind the ticket could have an effect on whether or not your rates are increased. If my car is totaled, will my insurance pay for a brand new car?
Before an accident, cars are very rarely worth exactly what they were when you drove them off the lot. An insurance company is not responsible for making sure you are able to purchase another brand new vehicle after one that you consider brand new is totaled in an accident. Instead, the insurance company is generally obligated to give you the value of the car at the time of the accident minus any depreciation. Visit carinsurance.com to see more commonly asked auto insurance questions and answers.
Last Updated 12:52 PM October-16-2011
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