When your child becomes old enough to drive, you may be worried about what this will do to your finances. How will having a new teen driver in the house affect your auto insurance policy? Bottom line: it’s going to cost you more. But how much more is not completely out of your control. There are some things your teenager…
Q: What does my credit rating have to do with my auto insurance? Bradley Hensley: All major car insurance companies look at your credit score, and your credit score will have a huge factor on how much you pay for insurance. An incorrect or outdated credit score may mean you’re paying more for your car insurance that you need to…
Q: Would you say most people are over-insured or underinsured when it comes to auto insurance? Bradley Hensley: Definitely underinsured, and it all comes down to your liability coverage. If you cause an accident, your liability coverage helps pay for the other person’s expenses. Your $50,000/$100,000 plan limit may sound sufficient, but if you hit a millionaire or even a…
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