Courtesy of iii.org A classic, custom, collectible or antique car requires insurance that reflects your vehicle’s uniqueness and value. If you own—or are thinking of owning—a special set of wheels, find out about the kind of policy you need. What types of vehicles need special insurance? A classic, collectible or antique car is no ordinary car—and regular auto insurance is not sufficient to protect such a vehicle against damage or loss. That said, there is no uniform definition of a classic car. If a car’s value exceeds its original selling price, then it might be considered collectible and a candidate for specialized classic car insurance. In general, vehicles that might warrant classic car auto insurance include: Antique and classic cars, usually at least 25 to 30 years old Hotrods and modified vehicles Exotic and luxury autos—think James Bond Muscle cars Classic trucks You might also seek specialized insurance for vintage military vehicles, …
Join Us to Reduce Drowsy Driving
Courtesy of http://www.iii.org/fact-statistic/distracted-driving Results of fatigue from any cause include impaired cognition and performance, motor vehicle crashes, workplace accidents, and health consequences. Research shows that fatigue is a significant factor in motor vehicle, commercial trucking and rail collisions. Drowsy driving is a serious problem in the United States. According to a 2014 Centers for Disease Control and Prevention survey among nearly 150,000 adults in 19 states and the District of Columbia, about one in 25 adults reported that they had fallen asleep while driving at least once in the previous 30 days. People who snored or usually slept 6 or fewer hours per day were more likely to report falling asleep while driving. The National Highway Safety Traffic Administration (NHTSA) has found that determining a precise number of drowsy-driving crashes, injuries, and fatalities is not yet possible and relies on police and hospital reports to determine the …
Auto Insurance Rates Explained
Courtesy of iii.org Car insurance premiums have risen steadily since 2009 at a faster pace than inflation, according to a recent paper in the Journal of Insurance Regulation. Transportation is essential to opportunity in the United States. Cost of driving, therefore, isn’t a trivial issue. When you hear a stat like that, what’s your instinctive response? To blame “greedy insurers” who are making money hand over fist and still aren’t satisfied? It might be, if you don’t follow insurance profitability trends. If you do, you know they’ve been losing money on auto insurance for years, despite increasing rates. Rising rates have caused some to call for regulation to help make car insurance more affordable. Transportation is essential to opportunity in the United States, and most Americans rely on cars. Cost of driving, therefore, isn’t a trivial issue. But the authors of the paper – Cost Trends and Affordability of Automobile Insurance in the U.S. – found rate regulation …