For many people who own a vehicle and have the time, the idea of renting your car to others (car-sharing) or providing rides for money (ride-sharing) seems like a no-brainer. And for people who use these services, it can be a cost-effective way to get around. With the help of new technology services such as Uber, Lyft and Sidecar (ride-sharing services) and FlightCar, GetAround and RelayRides (car-sharing), this industry is among the fastest-growing in America and around the world. But as the debate over how to regulate them rages, insurance companies want people to understand what your personal auto insurance policy doesn't cover. A major issue is liability: When a car is involved in an accident while being used in a car- or ride-sharing service, who pays? According to the Insurance Information Institute, a standard personal auto policy for a vehicle you own and use personally won't provide any coverage for any time the vehicle is used for car- or ride-sharing. Your coverage … [Read more...] about Twists and turns in ride- and car-sharing insurance
Insured driver driving uninsured car
The cost of owning a car varies from state by state, with auto insurance remaining one of the biggest variables. That's partly because each state has its own regulations on minimum coverage, which can result in a difference of thousands of dollars. The most expensive state for buying vehicle insurance is Michigan, where the average annual cost for minimum coverage is a $2,446, according to CarInsurance.com, a quote-comparison site. The title for cheapest state goes to North Carolina, where minimum coverage will set drivers back by only $385. Rates are based on a number of issues, ranging from the minimum requirements of each state as well as the number of accidents in each region and the percentage of uninsured drivers. Generally, consumers can reduce their premium to the lowest possible by signing up for liability insurance at their state's minimum limit, but that strategy can be risky. "Buying just the minimum amount of insurance required to drive legally typically doesn't … [Read more...] about Should you opt for bare-bones car insurance?
Pat Mackin and Jeanine Brudenell’s legal battle ended this week, but not their struggle. The couple settled a lawsuit on Monday, providing financial help to pay for Mackin’s personal care attendant, his daily therapy sessions and a complete remodel of their house to make it handicap accessible. All are ramifications of his car crash that are not covered by insurance. Theirs is a complicated tragedy, with ripples that reach out to people unconnected to the crash that left Mackin wheelchair-bound and unable to work. It started when Alexandria Clark got intoxicated and decided to drive early one morning in December 2014. Mackin, a saxophone player, was going home from a gig with Jaybee and the Routine at the Minnesota Music Cafe in St. Paul when he had the bad luck of encountering Clark. She was not only drunk, she was texting her boyfriend while going 68 miles per hour on Snelling Avenue. Clark hit Mackin broadside. He suffered a broken neck, brain trauma, a collapsed lung … [Read more...] about For two families, drunken-driving crash is lifetime of hard lessons
AN EX-CORONATION Street and Casualty actress allowed her friend to drive her car when she had a panic attack – but it was not insured, a court heard. Sue Devaney, who appeared under her real name of Susan Barber, appeared at Flintshire Magistrates’ Court at Mold and was fined £120 with £85 costs and a £30 surcharge after she pleaded guilty to permitting no insurance. Barber, of Market Street Shawforth in Lancashire, was told in July last year that her car had been caught speeding in Ffordd Morfa Nefyn in Porthmadoc. Prosecutor Shaun Bartlett-Evans said that Barber explained that the driver was Nicholas Newbould, from Hollywood Boulevard in Los Angeles, California. She was asked to show that the driver was insured in her car but she did not respond and the matter had ended up in court. Representing herself, she said that it had been a tough year. The court was told that she had suffered a breakdown but was guilty of not responding to the mail. She … [Read more...] about Ex-Coronation Street actress Sue Devaney fined for letting uninsured pal drive her car when she had a panic attack
It was another sad statistic in which the Magnolia State didn’t fare well: In November, the Insurance Research Council released statistics showing Mississippi’s rate of insured drivers in 2015 was the second-lowest in the nation, with nearly a quarter of its drivers (23.7 percent) failing to carry required auto insurance.Only in Florida was there a higher percentage of drivers without insurance; Maine had the lowest rate of uninsured drivers, with less than 5 percent of Pine Tree State drivers uninsured. Moak: Should we really have to warn people not to eat Tide Pods? The statistics (gleaned from reports from the nation’s largest 14 insurers) illustrated a widespread problem nationwide that appeared to be getting better, but in the past few years has started growing again. Uninsured motorists are a major threat to the financial health and well-being of other drivers on the road, with accidents resulting in higher costs for motorists who do … [Read more...] about Here’s how to lower your insurance costs