The vehicle is too old. The value of a vehicle will decrease as soon as it’s leaving the showroom. Unless the car is a collectible, it’s value will continue to decrease with each year that passes. Keeping full coverage for a vehicle that is 10 years old or older is not worth it. High-mileage. Drivers who use their cars very often, should not be surprised if their vehicles are not as valuable as they think. Relatively new vehicles that are 4, or 5 years cold can drastically lose their value if they were driven for 200,000 miles or even more. In this case, full coverage is not worth it. The car is in a really bad condition. Even if a vehicle has sentimental value, this should not be a reason to keep full coverage on a car that is covered in rust. The loan has been paid. Banks and other financial institutions that are financing a vehicle will impose the owner to carry full coverage. Once the driver fully owns the vehicle, then he can choose to drop full coverage. The … [Read more...] about When Should Drivers Decide To Drop Full Car Insurance Coverage
Car insurance to drive any car
Fully autonomous vehicles. Industry giants are competing for developing the best driverless car. Replacing the human driver with the Artificial Intelligence (AI) will eliminate the risk of accidents. When self-driving cars will replace the driver, radical changes will happen. From changing the laws to changing our lifestyle, the self-driving car is the most significant innovation that can affect the auto market and insurance industry. Driver override systems. The car’s AI will decide when to stop the vehicle. As soon as the sensors detect a possible collision, the car will apply the brakes, no matter how hard the driver tries to accelerate. Augmented reality windshield and dashboard. In the future, windshields and dashboards will be capable of displaying different data about the car and local area. Collision warnings and lane departure alerts will be directly displayed on the windshield. Health monitoring assistance. Future seatbelts and steering wheels will come fitted with … [Read more...] about What New Technologies Will Be Soon Implemented On Cars?
Car insurance is mandatory. Each state, except New Hampshire, requires drivers to carry car insurance. Not assuming financial responsibility is punishable by law, if caught driving uninsured. . Car insurance will protect drivers from costly lawsuits. If a driver causes an accident and he does not have auto insurance, he will pay the victims from his own budget. The costs resulting from an accidents usually range between several thousands of dollars to several tens of thousands of dollars. Even more, if the damaged car was a luxury one or the victims sustained serious injuries. . Collision car insurance will automatically reimburse the policyholder. Collision car insurance will help the policyholder get sufficient money for car repairs or even replacements. This policy can be used no matter if the policyholder is the at-fault driver or not. Car insurance is required by lienholders. In order to secure their investment, lienholders require the buyer to carry full coverage. When the car … [Read more...] about Find Out The Main Reasons Why Drivers Should Carry Car Insurance
Jail and community service. First-time offenders with a low BAC will usually have to do community service. The situation changes, even for first offenders, when human victims are involved. In this case, the felony is likely to result in jail time for the DUI driver. The length of the jail time sentence depends on the condition of the victims. The guilty driver can expect to serve several months of jail time for minor injuries like bruises, or even many years behind the bars if the victim dies because of the accident. Fines. Depending on which state the incident happened, expect fines from as low as $500 for first-time offenders in North-Dakota, and as high as $10,000 for drivers that have children on board in Texas. Drug and alcohol education programs. Many states offer lesser penalties to those drivers that attend these programs. In some states, participating in a drug and alcohol education course is mandatory. AA meetings. Judges may sentence DUI drivers to participate in this … [Read more...] about Typical Penalties For Drunk Driving Or Driving While Intoxicated