Why Is Car Insurance Mandatory?

Why Is Car Insurance Mandatory? With all the debate about health care insurance, people are starting to wonder; if health insurance isn’t mandatory why is auto insurance mandatory?  That is an excellent- and complicated- question. How did auto insurance become mandatory? Disagreements on compulsory car insurance are as old as cars themselves.  As long as…

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Insurance 101: Deconstructing A Car Insurance Policy. Don’t be scared!

Insurance 101: Deconstructing A Car Insurance Policy. Don’t be scared!   There are three broad categories of protection in an automobile insurance policy: Liability Insurance Collision Coverage Comprehensive Coverage Liability Insurance –The Most Important Coverage…And Mandatory Liability insurance covers you in the event you are in a covered car accident and it is determined the accident…

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Dirty Insurance Secret #2: Your Credit Score Has An OVERSIZED Impact on Your Car Insurance Rate.

Dirty Insurance Secret #2: Your Credit Score Has An OVERSIZED Impact on Your Car Insurance Rate. So why on earth should your credit score have anything to do with your car insurance rates? It’s not obvious… and is quite controversial. Nevertheless, insurance companies have discovered that credit-based insurance scores can accurately predict accident potential. Drivers…

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Dirty Insurance Secret #1: The 6x Price Difference

Dirty Insurance Secret #1: The 6x Price Difference Imagine shopping for a car — same year, make and model, same options, even same color — from 3 different car dealers. One quotes you a price of $20,000, another $40,000 and a third $120,000. Crazy, right? Well, that’s exactly what happens with auto insurance. I call it Dirty Insurance Secret…

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Meet Uncle Jon, Insurance Hacker

Hi. I’m Jon Ansell. I’ve started and run national insurance companies for more than 20 years. That’s why I offered to help my 21 year old nephew buy auto insurance for his first car, a used Honda Accord. I haven’t shopped for car insurance in 20 years. Like most “Boomers”, I have an agent down the…

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