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You might be surprised to learn that when you purchase a new car and drive it off the lot, it's suddenly worth much less money than it was shortly before leaving the car lot. In fact, most new cars quickly depreciate in value up to 20% to 30% in value in the first year of [...]
In 2020, 31 million people were uninsured in the United States, and if history repeats itself, this number will continue to grow in 2021. While insurance is a highly debated topic, there's no hiding its importance and necessity in today's world. But, we're not going to bore you with information you already know. Instead, we're [...]
On average, approximately 12.5 percent of drivers on U.S. roads are uninsured. If you are in Florida, however, the number almost doubles to 23 percent, according to the Insurance Research Council. That translates to a total of 3.2 million uninsured drivers on Florida roads. UM, uninsured motorist insurance, and UIM coverage, or underinsured motorist insurance, [...]
Studies by the Insurance Research Council (IRC) show that one in every eight drivers in the United States who is involved in an auto accident is either underinsured or not insured at all. Not surprisingly, Florida is one of the states in the nation with the highest uninsured driving population boasting almost 24 percent of [...]
Nearly every state in the United States requires car drivers to obtain car insurance. Despite laws requiring insurance, however, it should come as no surprise that many millions of drivers still do not obtain insurance. Either they are unable to pay for car insurance or they simply refuse. According to a recent report from the [...]
If you loan or lease a car, it may be wise to obtain insurance known as guaranteed auto protection or “GAP” coverage. If a vehicle is involved in an accident that results in total loss, GAP coverage seeks to make the insured whole by covering the difference between the current market value of a vehicle [...]
A WalletHub study that was released this week stated that due to the amount of uninsured drivers on the road and the minimal insurance standards that are required, Florida is considered to be the worst state to be involved in a car crash. The study investigated different criteria in each state in the U.S. and [...]
In September, we were proud to present our Free Guide to Car Insurance Coverage in Florida, in which we outlined the different types of coverage available to motorists in the Sunshine State. We wanted to offer this guide because car insurance coverage terms and policies are notoriously verbose and can be confusing to read and [...]
