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Myth #2: Red cars cost more to insure. One of the most persistent myths about auto insurance is that insurance companies charge more to insure red cars.
For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
So for example, a car insurance premium that cost $300 per month in February 2023 might cost $363 per month one year later. Sometimes it seems like you need to be a math expert to understand car ...
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
If you've noticed your car insurance costing more money over the past several years, it's not your imagination. Since October 2020, the index for motor vehicle insurance jumped by 50.3%, according ...
Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.
Still, that’s an improvement from March, when car insurance rates were up 22.2% annually. The last time car insurance rates rose that much on an annual basis was in 1976.
American car owners are battling the biggest surge in auto insurance rates in 50 years, new research shows—and it’s forcing some car makers to cut prices in order to stay competitive.
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