Cars and Automobiles

Why does it appear that car loans have a bigger impact on a person’s credit report than home loans do?

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I Should Think That Although Many People Need A Car to travel to work and Home That statistics say that More People Default On Car Payments Than Mortgage Payments As It is A Home For The mortgage Owner And His Family. There is Some Help For Mortgage Holders and Families in The UK Who Are … Read more

Will your insurance go up if someone hits your parked car? What happens if an insurance company refuses to pay a claim?

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This will depend on your policy. If you receive a discount for not having any claims, then yes your insurance would increase for filing a claim like this even though it was no fault of yours. This type of claim is filed under your uninsured motorist coverage. Make sure it is paid under this coverage … Read more

How do I save on car insurance?

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There are a number of things you cannot change. Being older is a massive benefit. Having no claims in the last seven years is huge too. But there are some things you can do: Have a cheaper, low-power car, under 1L. Preferably a common make and model, so that repair costs are lower. Not too … Read more

Can you rent a car without owning car insurance?

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Yes, you can rent a car without owning car insurance. You will just have to buy temporary insurance in order to rent the vehicle. There are 3 ways to obtain rental car insurance: If you rent vehicles frequently you can buy a non-owners policy; (rates can be compared on sites like Insurify.com) From the rental car … Read more