Insurance and financing your car

Whether you finance your car or pay cash does not make your car insurance go up or down, but you may end up paying a little more while financing your car. Lifetime Investments in Mesa, AZ is your source for all kinds of car insurance in the state and can answer your questions about various policies.

The insurance company does not care how you came into possession of your car, so that does not impact your rates. However, the lender may require more insurance than you were planning on getting. Basic liability insurance is required in Arizona. If you have a new car or one that has some value, you may want to have collision and comprehensive coverage to protect your property.   

If you have a loan on the car, the lender will require you to have that additional coverage and will want to be listed as the one that will receive payment if the car is destroyed. The lender wants to protect his or her investment, so they will get the payment first if your car is destroyed. The lender will also want it repaired if it is damaged, so that is another reason for that requirement.  There is no extra charge for adding a payee to the policy.  There is more paperwork involved when you have a loan.

After your car is paid off, and if it is not of high value, you might consider dropping comprehensive and collision coverage. Contact Lifetime Investments in Mesa, AZ for all your automotive insurance needs. Call them or visit them online to get prices on coverage. Lifetime Investments can help you make sure you have the right insurance to protect your property, whether you are paying cash or taking out a loan on your new car. 

Does the Age of the Car Affect the Cost of Coverage?

Auto insurance is something that we all must have if we want to be able to legally drive your car on the road. That being said, the car itself does change the overall cost of coverage. The age of the car, among other factors, does change the overall cost to adequately insure your car. For those that live in the Mesa, AZ area, the agents with Lifetime Investments can help you to find the coverage that is going to work best for you and your car.

One factor that certainly does affect the overall cost of coverage is the age of the car. The age of the car can even affect what type of policy you can have on it, ie classic car insurance. For those cars that are older, they are worthless but they are also lacking on safety features as well. This means that even if a car is older, it may cost more to insure because it does not have the safety ratings or safety features that a newer car has. Newer cars are also going to cost more to replace because they are worth more. Cars that are considered classic or antique may qualify for classic car insurance, which has an entirely different set of rules and applications.

It is important to keep in mind that though the age of the care does affect the cost of coverage, there are other factors as well that will affect the cost of coverage. Taking the time to talk with an agent can help you to determine what costs you may come up against when you are insuring your car.  For those that live in the Mesa, AZ area, the agents with Lifetime Investments can help you to find the right coverage for your car, no matter its age.

Does Auto Insurance Change As You Age?

Auto insurance is something that all people need and that you must have to drive on the road legally. That being said, the requirements and the overall coverage needs do change from time to time. So how does your auto insurance change as you age, it may be simpler to understand than you think. For those in the Mesa, AZ area, the agents with Lifetime Investments can help you determine how your coverage is going to change over the years.

The first big change comes when an insurer turns 25. After the age of 25, policy premiums do drop. This is because after the age of 25, barring any sort of traffic indiscretions, drivers are no longer considered to be part of the high-risk driving category. This means that you are going to be able to get better premiums without having to drop coverage.

Another milestone is getting married, buying a house, things like having kids, getting a degree, and so on. These are all factors that help solidify your place in the lower risk driver bracket. The lower the risk you are, the lower your premiums are going to be each month. You also get breaks on your premiums the longer you go without having any sort of traffic accidents or claims on your insurance.

Your age will continue to help lower the price of your premiums as well. The older you are, to a certain point of course, the lower your premiums are going to be. Generally, you will get breaks on premiums when you reach 35, 45, 55 and so on. This is going to help make your premiums lower so you can get better coverage than you might imagine.

For those that live in the Mesa, AZ area, the agents with Lifetime Investments can help you to determine what coverage you need and to determine what sort of incentives and breaks you can get in your premiums.  

Helping Your Teen With Texting and Driving

If you have a teen driver in your home, you understand the worry of teens texting and driving. Helping your teen understand the dangers of texting and driving may seem like a daunting task. Here are a few tips that can help.

Set a Good Example

The best way to help your teen understand the importance of not texting and driving is to be a good example yourself. If you are preaching to them not to text and drive, and yet you have your phone out constantly while driving yourself, then they are not going to take you seriously. Teens get a lot of bad attention for texting and driving, but the truth is adults are texting and driving too. Put down the phone and be a good example. 

Use Technology

There are lots of great apps available which will not only track your teen’s phone but can also show you whether or not your teen is texting while in the car.  Using technology like this can help you keep tabs on your teen’s texting habits. Although your teen may feel like this is an invasion of their privacy, you must explain to them that this is for their own good and then remain tough. 

Keep the Conversation Going

Make it a point to discuss texting and driving issues with your teen often. When there are stories in the news concerning teens that were hurt or killed as a result of texting and driving, be sure to bring this up. Make sure your teens realize this is a real issue. Parents are not just making these stories up. People really do get hurt and even killed because of texting and driving. 

If you want your teen to be safe and have a good driving experience, be sure to enforce strict texting and driving rules. If you would like to learn more about teens and driving contact Lifetime Investments serving Mesa, AZ. 

My Friend Was Driving When The Accident Happened. Will My Auto Insurance Cover The Claim?

Getting the right type and amount of auto insurance protects you from financial losses in case your car gets in an accident. Get the help of a reputable and committed insurance agency such as Lifetime Investments in Mesa, AZ to secure the most appropriate insurance policies. They may help you determine the right policies. Your friends and family may get into an accident while driving your car. You need to understand your auto insurance to determine whether or not it can cover the claim.

Who Is Covered?

Even though policies may be different depending on different insurance providers, anyone who lives in your house is typically covered when driving your car. You are also covered if you loan out your car to people who do not live with you. If, however, the dive your vehicle without your permission, your auto insurance does not cover your claim. The policy does not include people that are excluded from your policy. You may be sued for damages if you grant an unlicensed or intoxicated driver permission to drive your car.

Do not exclude drivers who are likely to use your car. The decision may cost you a lot of money in the future. If you do not trust someone, do not let them use your car even for short trips. Accidents may happen at any time.

Hire an Attorney

You may need to contact an attorney after your friend gets into an accident with your car. If they were unlicensed or impaired, you might be legally liable. The affected party may sue you for damages. An attorney may provide you with legal advice on how to handle the situation.

Contact Lifetime investments in Mesa, AZ to discuss your new quote for auto insurance.