 Who is able to change a beneficiary on an insuarnce policy? Is it always the insured ? |
| Someone else has been paying the premium and is beneficiary now, does that person decide who is beneficiary or does the insured always have the right to change it?... |
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 Insurance claims? |
| I've recently had an incident at my home where I was having trees professionally removed and the tree people dropped one one my house. They've had to file an insurance claim as they couldn&... |
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 Worker's comp? |
| My friend from NY were talking the other day, he been on NY workers comp for years and he told me that he was washing dishes and was looking outside and someone was taking pictures of him in his ... |
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 What the Eff? Can I sue? |
| Ok, so I had an interview with a gay who owns his own company with his brother in law last night. I found this place through a staffing firm, and the recruiter informed me that he only wanted to see ... |
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 Umbrella insurance coverage? |
| is it a good idea to purchase a liability umbrella policy if you own a home? or should you up the liability on your car insurance?... |
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 What are some good Medical insurance for me? Please, no stupid answers.? |
Here's my stats:
-I'm in College
-I'm Single
-I'm in Good health
-I have very low income
-I'm 25.
Is there any good and cheap health ... |
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 I have health ins. with my "main job." I want to sign up for health ins. with 2nd job and have both. Problem? |
| I work as an attorney and have health insurance through my plan, but it does not cover my spouse. I have a 2nd (full time) job. I want to sign up for their insurance for me and my spouse and keep ... |
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 What's the purpose of insurance? |
| What's the purpose of insurance?... |
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 Car insurance? |
| i had a crash about 9 months ago and now i have to renew my insurance what would happen if i didnt tell my new insurer that i had a ... |
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 Can a person's auto insurance be tapped to pay for property damage (stairs and hand rail) in a vandalism case? |
Additional Details
Let me clarfiy. Here, at the University of Nebraska, a student intentionally drove his pick-up into a stair case taking out part of it as well as the handrail. When ... |
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 Health Insurance Quotes Questions? |
For a healthy adult between ages 20-35 what would the montly premium in health insurance be for a male and female?
... |
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 Have you filed a homeowner's insurance claim for theft - did they cancel you? |
| I had some jewelry stolen and am afraid if I file a claim the company will cancel my policy, I have car, house and life with them. Not sure what a claim will involve.... |
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 Is it wise to have a Hospital accident Insurance Plan if I don't have a regular health insurance plan? |
| I can afford health insurance for my family. Everyone in my family is very active in hiking and other low risk activities. Should we still have an accident plan to cover accidents. For $30 a day, I... |
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 I just got a speeding ticket , will my insurance rate increase? |
| The officer reduced to 15 kph over in a 40 kp zone and said that I will not lose any points- will this affect my insurance?... |
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 Life insurance? |
| if my mom didnt name anyone as a beneificiary to collect her life insurance she got from working at kaiser and her 401 k plan, who does it go to? shes about on her last breath.... |
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 Will the life insurance co obtain our medical records? |
| My husband & I are getting life insurance for the first time. We are both in our early 30’s and healthy. I know that the insurance co does their own health tests and blood screenings but I have ... |
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adam s | How much would my insurance rate differ if i bought a car with cash or financed? |
I am 16 years old and the quote i received for buying the car in cash was about 1200 a year. how much more would my insurance be if i financed ? |
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Patti C
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When I get insurance (I am over 16) the rate is not any different whether the car is paid for or whether I finance it.
The only difference in rate is usually full coverage and liability coverage. LIABILITY: For example, my car is a little older so I save money by only having liability; this means my insurance pays if I hit anyone and it is my fault. However my car is not covered. If it accidentally hit MY mail box with MY car , it is not covered because there is no liability - it is my car and my fault, I haven't hurt anyone else. If someone hits me in a parking lot and takes off and I don't have anyway to find him or her, my insurance won't pay for the damage. FULL COVERAGE. This is comprehensive and liability. If an accident if my fault the insurance will pay for my car to get fixed and the other guys too. It will pay if someone hits my car in a parking lot and takes off. This is a good thing to have if you have a newer car. However if your car is financed the bank or credit union requires you to have the comprehensive insurance. This is because if you wreck your car and there is no insurance, they don't have anything to take back if you don't pay the car loan.
This would be the only difference in insurance rates - the two types of insurance. If you plan on getting the full coverage anyway, the insurance rate will be the same no matter whether your car is financed or not.
Some states have "no fault" insurance and i do not know how that works so if you live in a "no fault" state then perhaps some of my information will not pertain to you. |
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Mildred S
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the car dealer tried to sell you insurance ? assume this is car insurance ? i would just buy the car from them and get car insurance from allstate , state farm., etc.
if this is insurance for credit / life , then you may want to think about it . most people do not buy it. especially if you have the money to pay off the car loan , if a rainy day does come. if you lose job, get sick / cant work or die the insurance makes the payments for you. good option, but it's kind of expensive. our credit u nion sells it and a lot of people are taking it out because 1/3 of our work force had been reduced. |
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Ladybug
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i don't think it matters. However these companies can make up their own policy provisions. |
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Ashley F
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It should not matter if you paid cash or financed it.
If you finance your car, the lenders name would be listed on the policy with your vehicle. Then if you have an insurable loss to the vehicle, the insurance company would include the banks name on any payment for the vehicle. That is the only difference.
But, it would not affect the rate, or cost, of insurance. |
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mbrcatz
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None, there isn't any insurance charge based on whether you paid cash or borrowed money for the car. The BIG difference, is if you borrow, you have to carry full coverage. I'd bet at 16, that $1200 is for minimum liability only.
Talk to the agent who gave you the $1200 quote. |
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