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Will insurance cover hitting a pole?

Things to know… Auto insurance policies are like several mini-policies all rolled into one Each policy covers a specific set of circumstances If you have collision coverage, your auto insurance will cover hitting a pole If there is damage to the pole …

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Is auto insurance tax deductible for self-employed?

Things to know… All business-related expenses that self-employed individuals incur may be tax-deductible, including auto insurance Some individuals may need to purchase special commercial auto insurance Even though auto insurance may be tax deductibl …

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How will buying car insurance help you?

Things to know… Most drivers cannot drive legally without car insurance An auto insurance policy may protect you from financial liability on the road Car insurance may pay for many of your expenses if your vehicle is damaged or stolen There is a wide …

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How many auto insurance claims is too many?

Things to know… Auto insurance companies are unlikely to cancel your coverage because of the number of claims you file, but they may not renew the policy Several claims within a short period of time may also result in a rate increase If you cannot fi …

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How much insurance do I need for my financed car?

Things to know… When you finance a car, you must comply with the finance company’s contractual terms at all times One term that is a condition of every loan is that you maintain insurance in your name as long as there is a balance You must carr …

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If I wreck someone else’s car, does my insurance cover it?

Things to know… In most situations, car insurance follows the vehicle rather than the driver, so if you happen to get in an accident when driving someone else’s car, their car insurance will cover the damage Typically, anyone living in the same house …

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