Collector’s Car Protection

What You Should Know About GAP Insurance Discover what you should know about gap insurance in safeguarding your automotive and financial interests. Unravel the mechanics of gap insurance, explore its benefits, and learn how it can be a safety net. Make informed decisions on GAP insurance. As licensed drivers, we take great pride in owning and driving our cars, be they brand new or well loved. While we strive to be responsible and cautious on the roads, unfortunate events like accidents and theft can happen unexpectedly. In such moments, the last thing anyone wants is to be burdened with financial setbacks, especially if they still owe a considerable amount on their car loan or lease. This is where GAP insurance, also known as Guaranteed Asset Protection, comes to the rescue. In this article, CheapInsurance.com will shed light on what it is, how it works, and why it’s an essential consideration for every car owner. Whether you’re a new driver or have ...

Best Local Car Insurance Agencies in New York City: Our Top 16 Recommendations If you're searching for reliable car insurance in New York City, you're in the right place! We've done extensive research to bring you the best local car insurance agencies. We evaluated each agency based on more than 25 variables across five categories, including licensing, user reviews, and service quality through mystery shopping calls. Our goal is to connect you with the best professionals, and after reviewing thousands of options, we've curated a list of the top 16 car insurance agencies in NYC. How We Selected the Top Agencies 4780 Agencies Reviewed 2874 Agencies Curated 16 Top Picks We meticulously assessed each agency's customer service, reputation, coverage options, and overall customer satisfaction. Below, you'll find detailed information about each provider, including why they stood out to us. Our Top 16 Car Insurance Agencies in NYC Regency Agency Inc. Location: 8114 3rd...

  Is State Farm GAP Insurance Worth It? Does State Farm offer Gap insurance? The company does not offer traditional Gap stand alone insurance . State Farm does, however, offer a program with the same basic structure called Payoff Protection. Enrollment in this program is available for customers who do their car financing with State Farm Bank. Cars used as collateral for a State Farm loan are covered as well. The program will offer coverage for car accidents or theft. Payoff Protection kicks in after your primary insurance company (State Farm or otherwise) or another driver’s company (a driver involved in an accident with you, for example) makes payments to you. Once State Farm has received your Claim Settlement Report, the Payoff Protection insurance covers the amount you still owe on the vehicle once the initial insurance payouts are made. For example, if you received a $45,000 payout for your car but you took out a loan for $50,000, the Payoff Protecti...

  Insuring your classic car Unique vehicles require special auto coverage A classic, custom, collectible or antique car requires insurance that reflects your vehicle’s uniqueness and value. If you own—or are thinking of owning—a special set of wheels, find out about the kind of policy you need. What types of vehicles need special insurance? A classic, collectible or antique car is no ordinary car—and regular auto insurance is not sufficient to protect such a vehicle against damage or loss. That said, there is no uniform definition of a classic car. If a car’s value exceeds its original selling price, then it might be considered collectible and a candidate for specialized classic car insurance. In general, vehicles that might warrant classic car auto insurance include: Antique and classic cars, usually at least 25 to 30 years old Hotrods and modified vehicles Exotic and luxury a...

  Should You Bundle Your Home and Auto Insurance? Buying homeowners insurance and auto insurance can be a good idea if doing so will save you money while providing the coverage you need. Bundling can also make it easier to manage your insurance payments. Home and auto insurance provide peace of mind, but high insurance premiums can leave you feeling financially frazzled. Bundling your home and auto insurance can help you save money and make it easier to manage your insurance policies. Bundling means buying two or more insurance policies from the same insurance company. Home and auto insurance are frequently bundled types of coverage, likely because bundling these policies typically generates big savings. However, you may also be able to bundle life insurance, renters insurance, condo insurance or insurance for motorcycles and boats. These other combinations can save you money too. Benefits of Bundling Your Home and Auto Insurance There are several potential ben...

  What Is High-Risk Car Insurance? If you’re labeled a high-risk driver, then your insurance company believes that you’re more likely to file a claim with them than their low- to mid-risk customers. Key Takeaways High-Risk Car Insurance : non-standard insurance is for drivers more likely to file claims due to factors like driving record, age, or credit history. Factors Leading to High-Risk Classification: You might be high-risk if you have: driven without a license, multiple accidents or moving violations, DUI, poor credit, no insurance, or are a teen or senior. Cost and Accessibility of High-Risk Car Insurance: High-risk drivers typically pay about 25% more for insurance. Many people on the road today have imperfect driving records and still need reliable insurance. High-risk car insurance, also known as “non-standard insurance,” refers to the type of auto insurance that’s available to high-risk drivers. ...