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Who has time for auto insurance quotes? We know that your life is busy and it takes time and patience to either call or make trips to get several auto insurance quotes to find the best coverage at the lowest price.

NowQuotes.com makes it easy for you to get multiple auto insurance quotes from several different companies online. You can find the best combination of price and coverage available.

NowQuotes.com does all the work for you – all you have to do is fill out one simple form. You’ll get multiple offers and be able to get the best auto insurance quotes in one simple step. Follow the link to have NowQuotes.com find you auto insurance deals.

Every driver needs auto insurance. You need to protect your car from damage in case of an accident, storm, or theft. Plus, you also need to worry about your own liability if you injure someone. Accidents take place without warning and can be extremely costly if you don’t have insurance.

Get the coverage you need to stay protected at the best price by comparing rates from several different companies. At NowQuotes.com you’ll get mulitple quotes instantly to help you stay protected and save you money.

Take a few minutes to enter your information accurately on our form to get affordable and quality auto insurance deals available online now.

Types of Coverage to Know About:

Collision Coverage

Collision coverage covers your vehicle if its damaged when you hit either another vehicle or object. For collision coverage to take effect, the accident must be your fault or else the other driver’s insurance coverage would pay for the damage to your vehicle.

Comprehensive Coverage

Comprehensive coverage covers your vehicle if it is damaged by anything that is not a collision – including flood, theft, vandalism and even if you collide with an animal, like a deer. Comprehensive coverage also pays for broken glass or windshield.

Insurance Deductibles

An insurance deductible is the amount of money that you have to pay first before the insurance company will pay for the rest of the damages. For example, if you have a $500 deductible and you file a claim, you would have to pay $500 first before the insurance company will pay for the remaining amount.

Deductible Options

Selecting higher deductibles can save you money on your total premium and lower your monthly payments. But remember, the higher the deductible you select, the more you will have to pay yourself if you’re involved in an accident.

Liability Coverage

Liability coverage pays for the damages you cause to other drivers. It can provide payments to repair or replace another person’s damaged vehicle and can also provide medical payments due to injury.

Compare prices for these coverages automatically by getting auto insurance quotes online. With just a click you can shop the market to find the best coverage and price for your auto insurance needs – right now.

Residents need permit parking stickers in Boston

If you have ever driven a vehicle in Boston, whether you were just visiting the city or you recently moved there, you know how difficult and expensive it can be to find parking. While hunting for a parking space, you probably circled the same block several times only to be thwarted by many of the infamous “Resident Parking Only” signs. And if you ever made the mistake of parking in a resident-only spot, you likely found out the hard way how serious the city is about handing out tickets.

According to the official website for the City of Boston, Boston’s Resident Permit Parking Program is an initiative designed to give residents of the city a better chance of finding an on-street parking space in their neighborhood. Most of the parking spaces on Boston’s residential streets are reserved only for residents of that specific neighborhood, with a small amount of spaces reserved for visitors and guests.

To legally park in resident-only spots, you must have a resident parking sticker on your vehicle to let parking authorities know you have a valid Resident Parking Permit. Before applying for a resident parking permit, your vehicle must be registered in Massachusetts and your vehicle registration must be in your name and it must list your current Boston address. This means that if you recently moved to Boston, you must convert your out of state driver’s license to a Massachusetts driver’s license, obtain Massachusetts license plates, and you also must find Massachusetts auto insurance.

Besides proving your vehicle is registered and insured in Massachusetts, you’ll also have to show proof that you live in the neighborhood that you are applying for. The City of Boston accepts multiple proofs of residency, including bills for utilities and cable, a monthly bank statement or a credit card bill.

In a city with numerous colleges and universities, students are subject to the exact same rules and regulations. If you are a student in Boston and you are planning on having your vehicle with you at school, remember you will have to switch to Massachusetts auto insurance, register your vehicle in Massachusetts, and convert your out of state driver’s license.

Switching your license and registration will cost you at least $125 ($75 driver’s license fee and $50 vehicle registration fee). If you recently moved to Boston, you will likely discover that auto insurance can cost much more there than what you are used to paying, so be sure to compare rates for multiple insurance companies to find the best price.

Permits are distributed by the Office of the Parking Clerk, Room 224, Boston City Hall. Residents, or their representatives, must apply in person Monday through Friday, between the hours of 9:00 AM and 4:30 PM.

 

Will your insurance cover your next possible disaster?

Replacement Cost Vs. Actual Cash Value

 

When comparing home insurance rates, be sure that you are receiving quotes for the exact same coverages and benefits. Be careful not to confuse a replacement cost policy with an actual cash value policy, as these are two completely different types of insurance policies. The following guide explains the difference between these two types of coverages and will help guide you towards making the right decision.

Replacement Cost

Replacement cost is the amount of money it would take to replace or rebuild your home or repair damages to your home using similar style and quality construction materials, without taking depreciation into consideration. Depreciation is the decrease in a home’s or property’s value since the time it was built or purchased due to its age or normal wear and tear.

Most insurance companies require homeowners to insure their homes for at least 80% of whatever the replacement cost value is. If the homeowner fails to cover their home for at least 80% of the replacement cost value, a penalty can be applied when partial losses occur.

For example, if it would cost $100,000 to replace your home and it is insured for $80,000 (80% of its replacement value), and a fire causes $50,000 worth of damage in your kitchen, your insurance company will pay the full $50,000.

On the other hand, if your $100,000 home is insured for only $65,000 (which is less than 80% of its replacement value), and a fire causes $50,000 worth of damage in your kitchen, your insurance company would only pay for part of the damage and you would be responsible for having to pay the remaining balance out of pocket.

So, how much will your insurance company pay and how much will you have to pay?

Your insurer would pay for the damage based on the following replacement cost formula:

The Amount of Insurance You Have = $65,000

= 81.25 %

The Amount of Insurance Needed (80%) = $80,000

Using the kitchen fire example above, your insurance company would pay only 81.25% of the $50,000 damage to your kitchen, which equals $40,625. That means you would be responsible for coming up with the remaining $9,375 needed to fix your kitchen – which is a whole lot more than it would have cost to insure your home for the minimum requirement of 80%.

As you can see from this example, keeping your home insured for at least the minimum requirement of 80% of replacement cost value is very important and can save you lots of money and trouble in the future. Different companies may have different requirements for replacement cost value, so be sure to check the requirements and rates for multiple companies.

Actual Cash Value

Most standard home insurance policies cover the contents of your home, such as your personal belongings, on an actual cash value basis. Actual cash value is the amount of money that it would take to replace or repair damage to something after considering depreciation.

For example, if a powerful storm causes damage to several items in your living room and your 5 year old television is destroyed, you would not get back the same amount of money that you originally paid for the television 5 years ago. Instead, the amount of money that you could expect to be paid back would be the actual cash value of the television today, after depreciation.

Many insurance companies offer an additional coverage option for you to insure your personal belongings at replacement cost value. Choosing this option will raise your rate slightly, but will also guarantee that you will have sufficient coverage to replace your personal items in the event of a loss.

Regardless of whether your home is insured on a replacement value basis or actual cash value basis, it is important that you keep track of your home’s current value and note any new construction or improvements you make. Home improvements that you make can affect the value of your home and you will need to update your insurance policy as well.

For example, upgrading your home’s heating or electrical systems, building a new addition such as a deck or porch, and yearly inflation all should increase the replacement cost of your home, while the actual cash value may decrease over time due to depreciation.

Compare insurance prices at least once a year to make sure your policy still provides adequate coverage and you are receiving the best price available.

Finding the right auto insurance coverages

While shopping for auto insurance, you should think carefully about choosing the right coverages. Auto insurance coverage protects not just your vehicle but also your financial assets if you are found responsible for an accident. Choosing the right level of coverage depends on many factors, including your income and total assets, the value of your vehicle, and of course how much money you can afford to spend on insurance.

Choosing Liability Limits

Selecting which liability limits are right for you is very important when comparing auto insurance rates. One thing to remember is that you can never have too much insurance coverage, because it is impossible to predict if and when you may be involved in an accident and how much the total damage may be.

The higher your liability limits are, the more likely your auto insurance policy will be able to pay for the full amount of damage if you’re at fault for an accident. You should ask yourself: how would I be able to pay to repair damage to someone else’s vehicle or pay for someone’s medical bills if I do not have enough liability coverage? Also consider this: if you injure someone in an accident, do you own any property or other assets that someone could come after to help pay for damaged vehicles or expensive medical bills?

If you are currently leasing your vehicle, the leasing company will most likely require that you carry higher than the state minimum liability limits. Most leasing companies require you to purchase at least $100,000 per person and $300,000 per accident for bodily injury liability and $50,000 per accident for property damage liability, which is known as 100/300/50.

Determining if Full Coverage Is Necessary

The term “full coverage” is simply another way to describe physical damage coverage, or collision and comprehensive coverage for your vehicle.

When determining whether or not you should get physical damage coverage, you should consider the vehicle’s age, total mileage, and its current resale value. As a general rule, the newer your vehicle is, the more likely you will want to carry physical damage coverage on it. Newer vehicles typically have a higher resale value than older vehicles, and if they are damaged in an auto accident, you would most likely want to repair the vehicle rather than replace it.

If you own a vehicle that is over 10 years old, you may want to consider purchasing a less expensive liability-only policy. An older vehicle with low resale value may cost much more to repair than the vehicle is actually worth today, especially considering that you would have to first pay a deductible to have it repaired.

If you are currently financing your vehicle, you will most likely be required by the lender or finance company to carry both collision and comprehensive coverage. Because a financed vehicle is still technically owned by the lending company, full coverage protects them until you completely pay off your loan. Once paid off, you can feel free to keep collision and comprehensive coverage or select a liability-only policy.

Like financed vehicles, if you are currently leasing your vehicle, you will most likely be required by the leasing company to purchase both collision and comprehensive coverage, and it is common for leasing companies to require that the deductibles be no higher than $500. Again, the reason leased vehicles require full coverage is so that the vehicle is protected while it is still owned by the leasing company.

Understanding Medical Payments Coverage

Serious injury from an auto accident can easily cost tens or even hundreds of thousands of dollars. That’s why choosing coverages that protect you and your family if you are injured in an auto accident is one of the most important things to consider while comparing insurance rates, but often overlooked. Since the costs of health care seem to be constantly rising, selecting higher limits for medical payments coverage is necessary to avoid having to come up with thousands of dollars out-of-pocket for medical bills.

Insuring Antique or High Value Vehicles

If you are a car collector with a passion for owning antique or high value vehicles, you will want to purchase a different insurance policy for these vehicles than standard auto insurance coverage. These specialty auto insurance policies are much different than standard policies because most owners of antique or high value vehicles don’t drive them every day. Instead they limit their use to weekend and pleasure driving or special events such as car shows and parades.

Auto Insurance for Antique or Classic Cars

Classic car owners typically drive their vehicles only during special occasions or events such as car shows, exhibitions, and parades, which keeps the total number of miles driven by these vehicles much less than a car used for a daily commute. Since the use of these vehicles is limited, the chances that they will be damaged in an accident is also greatly reduced.

Because antique or classic cars are driven much less and also less likely to be involved in an accident, classic car insurance policies typically provide basic liability coverage at affordable rates. However, because replacement parts for antique vehicles are rare and often hard to find, many insurance companies require that they be kept in a locked garage when not in use to reduce the chance that they will be damaged.

Before purchasing insurance for your classic or antique vehicle, it is very important for you to determine how much your vehicle is worth. Because the value of these vehicles actually increases over time, insurance companies use the “agreed value” method to determine how much they are worth at the time you purchase your policy. This amount or value is agreed upon by both you the owner of the vehicle and the insurance company, and makes sure that you will receive the proper amount in the event of an accident.

Auto Insurance for High Value Vehicles

Usually, for a vehicle to be considered “high value”, it needs to be worth more than $100,000 or be extremely rare or unique. Like classic and antique cars, high value and exotic vehicles are typically driven on a limited basis and not used for daily commuting. This limited use allows insurers to offer special insurance policies that include higher coverages tailored to the vehicle’s value, often at a minimal cost to the car owner.

Insurance policies for high value vehicles are different than standard auto insurance policies because they may set a limit on the total number of annual miles driven by these vehicles. Also, because these vehicles are worth much more than average cars and cost much more to repair or replace, high value vehicle insurance policies may include deductibles that are much higher than the standard $500 deductibles for collision and comprehensive.

Ways of paying for your Auto Insurance

Paying Your Bill in Full

If you are financially able to pay your entire premium in full, it is probably the easiest and most convenient way to pay for your auto insurance policy. Most companies will give you a discount for paying in full, plus you’ll avoid the possibility of getting canceled for non-payment and having to pay any monthly installment or service fees.

Monthly Installments

If you would rather pay for your auto insurance policy in monthly installments, you have multiple options to choose from. Remember, most insurance companies require a down payment to start the policy, which can range between 10% to 30% of the entire policy premium. You can then choose to pay off the remaining balance by making payments by mail, online, over the phone, or you can enroll in an automatic payment plan.

Automatic Payment Plans

Setting up an automatic monthly payment plan is one of the most convenient ways to make payments on your policy. Many companies will even give you a discount for enrolling in an EFT (electronic funds transfer) payment plan, plus you avoid the risk of being canceled for forgetting to make a payment or having to pay any service fees. Automatic payment plans are safe, secure, efficient, and better for the planet because they are totally paperless.