Do I Need To Have My Spouses Name On Car Insurance?
Reader’s Question:
I am married and I would like to know if its required to have my husbands name on our car insurance policy. We have two vehicles and only my name is on the car insurance on both vehicles. If an accident happens, does it go against my driving record only? We live in Texas.
Meyer
Harlingen, TX
If you are married normally you would want both spouses’ names to be on the auto insurance policy. It may be up to the car insurance company’s procedures but if both you and your husband will be driving the cars then both of you will most likely need to be on the insurance policy. If your name is listed as the policyholder on both insurance policies then your husband would need to be listed as a driver for the vehicles.
If your were to buy an auto insurance policy in the future and you are excluded, then your accident most likely will not affect him. But, with a comprehensive claim some insurance company may consider it as an insurance claim for the household – even if you are not listed on the insurance policy as a driver. You may consult your insurance carrier on how they will handle this type of situation.
Do I Need To Have My Spouses Name On Car Insurance?
What is The Cheapest Car to Insure In Texas?
Reader’s Question:
Im planning to buy a car and I just want to know which car is the cheapest to insure? I live in Texas.
Michelle
Thank you for asking Michelle.
Some models of motor vehicles are given an insurance group rating which insurance companies find helpful as one of the ways in which they determine a driver’s premium. Some factors used to calculate group ratings include the following so you may wish to consider them when purchasing your car:
* Damage and Parts Costs
* Repair Times
* New Car Values
* Body Shells
* Performance
* Car Security
To know the cheapest and generally best car for your needs you can do a research online. There are lists of motor vehicles that are cheapest to insure.
Goodluck!
MariCAR
Does My Car Finance Company Get Paid If Car Is Totaled
Reader’s Question:
I purchased new car and I put a collision coverage on it. I am financing part of the car’s purchase price through a finance company. My question is why does the finance company get paid the full amount of the value of the vehicle if it gets into a collision? I mean if they get the full amount of the vehicle, I will get nothing meaning whatever I paid for the vehicle will be lost and Ill be empty handed? I live in Galveston, TX.
John
Galveston, TX
Your finance company holds the title to your car until your loan is paid or satisfied. If your car is totaled, the check will most likely be issued both on your names. Whatever amount is left after your loan is paid would go to you. Your insurance carrier in Galveston, TX will determine the value of your car at the time of a loss and pay that amount to the finance company and to you. Most of the time, as soon as you leave the dealership the value of your car depreciates. So you may be upside down as soon as you leave the dealership lot if you were to get into an crash. You can buy GAP insurance in order to protect yourself from that type of loss. This will cover the difference of what you paid for the car and what the actually value is.
Does My Car Finance Company Get Paid If Car Is Totaled
Changing Auto Insurance in Harris County Texas
Reader’s Question:
My mother passed away and I would like to know how long do I have to change the car insurance under my name in Harris county, Texas.
Ben
Houston Harris county TX
Sorry for the loss of your mother. Since terms of auto insurance policies vary you will need to check from your mother’s insurance company in Harris county Texas how long you have to change over the car insurance policy and what steps to take to have the auto insurance policy for at least your car under your name.
Normally a car insurance policy cancels upon the death of the policyholder, usually by the request of the estate.
It is important in your case to read over the insurance policy issued to your mother. If you need more information, you may contact your mother’s insurance agent or company for verifications and information on what the process is now that your mother has passed away.
Changing Auto Insurance in Harris County Texas
Cheap SR22 Insurance In Texas
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Raising your car insurance deductible might be a fast and easy way for you to slash your auto insurances rates without really having to do much else.
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