Risk determination plays an essential role in how much you’ll pay for auto insurance. Insurers look at a variety of factors when reviewing a potential policy to assess their overall risk. You’ll find the most common things auto insurance companies look at listed below.
The history of the vehicle plays a major part in determining your premiums. This can include more than just your accident record, though. For instance, if your vehicle is considered a salvage vehicle, it may be too risky for insurance companies to take on. A salvage vehicle is a vehicle that was repaired or restored after being totaled. Most insurance companies refuse to insure salvage cars, or if they do insure them, it is at a high premium. Whether or not you own your vehicle can also play a role in your rates. Insuring a leased vehicle or one that is still being paid off can be more expensive [...]
Buying a car is always an important decision to make, but there’s a marked difference between buying a used one and one with no previous owners. You’ll be spending more, but you’ll also have more trust in its quality and looks. These reasons should help you see why getting a new car is such a good decision.
The sticker price of a new car isn’t too bad when you consider that you have far fewer reasons to worry about mechanical issues. You’ll need to keep up general maintenance requirements like changing your oil, but you won’t have as many strange noises or problems with stalling like you might with a used car. You can also keep from spending too much on gas by finding a new model that’s meant to preserve fuel.
“Brand-new” is just one way to discuss a car. After you’ve decided you want a used car, you can go [...]
The auto industry has experienced as much disruption as other business fields thanks to the expectations of the current young generation. While people may be purchasing and leasing fewer vehicles, at some point in most consumers’ lives, ridesharing will no longer be a viable option. At that point, you will have to decide if you want to rent a car or lease one. Here are the pros and cons of each to consider.
Renting is a service most often used at airports by travelers looking for independent transportation, but it’s handy for other uses like being able to get around when your car is at the mechanic for a day or two. You are not constrained by the number of miles you are going to drive or where you are going, and if you need something larger, you can pick it out of the lot. The downside to renting is that it’s an expensive [...]
In many areas of the country, a vehicle is a necessity. While some cities have public transportation, if you live in a smaller city, it’s just not feasible to walk or bike places, and taxis just aren’t always available or affordable. When you experience certain life events, it’s time to get a new car. Here are three of the most common reasons that buying a new vehicle is necessary.
New Driver in the Family
If your child is about to turn 16, it might be time to get a new car. When your teenager has their own vehicle, they won’t need to beg you for the keys to your car, and they can even help you do errands. If you want your son or daughter to have their own car, you can give them your old one so that you can drive the new vehicle. Otherwise, you can buy them a new vehicle with features [...]
Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope. “Design of their cars has improved and they’re ahead [...]