Entries by Kathryn Morstad

What Color Cars Are More Expensive to Insure?

Key Takeaways: Car colors may not affect your insurance costs directly, but there are still certain things to take into consideration when shopping for insurance. Custom colors and fancy paint jobs will raise your rates, along with high performance add-ons like turbo superchargers and custom after-market wheels. Finding the best price on car insurance takes […]

Workers’ Comp Vs. Disability Insurance

Explaining Workers’ Comp vs Disability Insurance Key Takeaways: Workers’ compensation insurance and disability insurance both provide financial protection to an individual when they are unable to work because of an injury, illness, or disability. Both short and long term disability insurance can be purchased by an individual or employer and cover non-work related injuries and […]

Complete Guide to Renters Insurance: Protecting Your Rental Home

When you own a home, having homeowner’s insurance is common — in fact, not having it can cause serious problems with a lender or mortgage holder. But what about when you rent? How do you protect your belongings from theft or damage? Today, many large rental companies and properties require tenants to carry renters insurance […]

2023 Insurance Industry Outlook

Key Takeaways: In 2023, insurance companies will need to find ways to demonstrate value in their products while combatting rising costs for car and home repairs. Car insurance rates may rise as much as 8.4% in 2023. Contributing factors include increasing prices for cars, homes, and the costs to repair them, changes in habits as […]

Top 10 Safe Cars for Teens

Key Takeaways: It’s a great time to buy a new or used car for a teenager but be sure to look for safe reliable models that are also affordable. We give you a list of the top safe cars for teens for both new and used vehicles. Discover some great tips to keep your teens […]

How to Transfer Insurance to a New Car

Key Takeaways: When you buy a new car, you don’t have to automatically buy a new insurance policy. Most insurers allow you to transfer your existing policy to the new vehicle with the changes needed. Most insurance carriers offer a 7 to 30-day grace period when you purchase a new car allowing you time to […]

Car Insurance Policy Number – All You Need to Know

All You Need to Know About Your Car Insurance Policy Number Key Takeaways: Every car insurance policy has an identifying number assigned by the insurance company and used to identify you and the vehicle you are insuring. If you lose your car insurance card, you may need to find your car insurance policy number through […]

What Is Sinkhole Insurance?

What is Sinkhole Insurance? Key Takeaways: Sinkhole insurance is available to homeowners in many states, while only Florida and Tennessee require insurance companies to offer optional coverage. Sinkhole insurance can be expensive — in some cases, more than regular homeowners’ insurance. Plus, the deductibles can be astronomical, so shop around for the best quotes. With climate […]

Is Hybrid Car Insurance More Expensive?

Key Takeaways: Hybrid car insurance is often more expensive than gas-only vehicle insurance but is also dependent on various factors like the cost of the vehicle and your personal driving record. There are still ways to save money and take advantage of discount opportunities, including ‘green vehicle’ discounts, when buying hybrid auto insurance. The best […]

Auto Insurance Quotes for the Best Selling Cars

Key Takeaways: Even with massive supply issues, high gas prices, and a slowdown of new car sales, car manufacturers are still selling millions of cars and full-size trucks in 2022. The best selling cars in 2022 include several full-size pickup trucks and only one electric vehicle. There are some ways to save money and lower […]

Car Insurance for International Drivers

Key Takeaways: For international drivers in the US, most states allow you to drive with your foreign driver’s license, although a few states will also require an International Driving Permit which must be obtained in your country of origin. Many US insurance companies sell auto insurance for foreign drivers, but it pays to shop around […]

Car Insurance Lapse – What Does It Mean?

If you have ever talked with an insurance agent to get a car insurance quote, you may have been asked about a lapse in coverage. How you answer that question can impact how much your insurance coverage will cost and even if coverage is available to you. Key Takeaways: Car insurance lapses usually occur for […]

How Does a Third-Party Insurance Claim Work?

A third-party insurance claim is basically when you file an insurance claim against someone else. It can be because of an accident or when someone else’s car causes damage to you or your property. It’s important to understand the difference between a first-party and a third-party insurance claim since there are different responsibilities and processes […]

Best Car Insurance for New Drivers – The Ultimate Guide

Key Takeaways: New drivers are people who have no valid driving history in the US and can include teenagers just learning to drive, people who have opted not to drive before or had a gap in coverage, and those who have recently emigrated to the United States. There are various discounts and ways to save […]

Low Income Car Insurance Guide

Key Takeaways: Insurance rates are not based on income but do factor in things that imply income levels, such as credit score, education level, and whether you own your home or rent. There are some good ways to save money, like buying an older car or finding alternative transportation for your daily commute to keep […]

What Is Contingent Business Interruption Insurance?

Key Takeaways: Businesses can add contingent business interruption coverage to their standard business insurance policy to protect their business from disruptions outside of their control, like a supplier shut down due to flood or fire. This coverage is especially helpful for businesses that depend on one or two suppliers for merchandise or supplies or have […]

How Does Your Job Affect Car Insurance?

Key Takeaways: Auto insurance companies use your “insurance score” to determine your overall auto insurance quote. Your “insurance score” is determined by an insurance company using a proprietary formula and includes your occupation and salary history. Your job category and credit history speak volumes to insurance companies about your ability to act responsibly and pay […]

Limited Liability Insurance – Do I Need It?

So, you’ve opened a new venture and chosen to do business as a limited liability company. Structuring your business as an LLC is a good way to separate and protect your personal assets from your overall business as well as your business partner(s) assets. In the event your business fails, an LLC should protect you […]