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Double Auto Insurance in Massachusetts and Colorado

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 11/30/2016

Q: My family recently moved from Massachusetts to Colorado. In Colorado, we were required to get an auto policy in order to get a CO registration and CO plates. In MA, they do not allow you to cancel your auto policy until you cancel your plates. This means we have been double-covered for a period of time before we get our CO plates. Our CO auto insurance company informed us that we should be reimbursed the period from when our CO policy went into place to the date we get plates (as long as it is within the 90 day period allotted by law in CO) by our MA insurance company. When I checked with our MA company however, we were told that would not happen, so now we are paying for 2 policies currently until we obtain plates. Auto and Homeowners insurance went into affect the day we closed on our CO residence and we do not have a residence in MA. What are the laws regarding this? We should not have to pay 2 policies because we moved.

 

A: Oh, Massachusetts!  This state is an insurance beast all it’s own, so much so that some insurance companies refuse to write insurance in that state and the ones that do usually have a whole department dedicated just to dealing with Massachusetts.

Agreed that you should not have to pay for two auto insurance policies, the problem is that insurance is regulated by the states and you are stuck in limbo between two of them.

What I would recommend is contacting the Division of Insurance in Massachusetts (http://www.mass.gov/ocabr/government/oca-agencies/doi-lp/) or the RMV and tell them your situation. You technically have insurance on that vehicle, even if it is in the state of Colorado and that should suffice for their insurance requirement given the situation.

Late SR22 Insurance

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 11/30/2016

Q: I recieved my DUI in 2014 and I still havent gotten my SR22 insurance. I didn’t realize I needed it. WIll i have a legal issue if I start it now? Should I go to the DMV to inqure? Or should I speak with my insurance company first? Also, would my insurance complany drop me if I asked about the SR22 insurance?

A: Contact your insurance agent today!! You need to get this taken care of now.

Your agent will walk you through the process of how to get this situation taken care of so that you don’t have legal issues. In most states your SR22 requirement doesn’t start the date you get pulled over for a DUI, but the date you are convicted of it.  The state should have notified you that you are now required to have it and the effective date.

Your insurance company will not drop you (in most cases), but they may have to backdate the SR22 surcharge to the date that the state required you to have it so you can provide proof of it to the state for that time period.

Car Insurance Exclusion of the Vehicle Owner

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 11/30/2016

Q:  I was in accident that was ruled my fault. I also was excluded from the car insurance policy that my girlfriend holds. I own the car & the only reason I was excluded was to save money, I had a point from a accident 3 years ago.  The car insurance company called me back to say they’re checking my vin number on my car & they were going to review it & they might process the claim..can they put me back on the policy..

A: This is really the call of the insurance company. If you are the owner of the vehicle, most insurance companies will not allow you to insure your car on one of their policies and then exclude yourself as a driver to get a cheaper rate.  A driver exclusion means that the excluded driver does not drive that vehicle EVER, that is why the rate is cheaper.  So the reality is, that the insurance company does not trust that you as the owner of the vehicle never drive your own vehicle.

Car Insurance Guidebook Unravels the Car Insurance Mystery

Unless you work in the car insurance industry, the topic is probably a mystery to you. The words deductible, comprehensive, collision, liability, premium, loss of use and bodily injury are all gibberish when they reach your ears.

Unfortunately, insurance is something that you are required to have by law if you want to drive. Because of how confusing it is many people go around in almost an insurance daze while they get car insurance quotes from the auto insurance companies that they have heard of. In reality, they are completely lost as to what they are actually buying.

Instead of looking at what each insurance company offers in the terms of protection for both themselves and their car, they are instead looking for cheap car insurance. Finding the cheapest car insurance coverage makes having to buy the required product all that much less painful, but misses the whole point of having insurance.

Learning about insurance through your insurance agent or websites like Car Insurance Guidebook will give you the upper hand when you looking for car insurance. You can take your knowledge and not only find the best price for insurance, you can use it to find really great insurance to protect you and your assets. Then you aren’t stuck settling for just average car insurance that can hurt you financially if you ever need it because there isn’t enough protection.

For example, when looking for insurance the car insurance rates are just the first of many factors that need to be taken into account when you are shopping around for car insurance. You also need to take into account the type of vehicle that you are driving. Many people don’t know this.

Are you driving around a vehicle that is a new sedan and can be protected under any blanket insurance policy? Or do you have an old car that you fixed up that needs special protection and could be better covered under classic car insurance?

Don’t just assume that when you compare car insurance that it will be a one-size-fits-all policy. This is where the insurance knowledge will come in handy; you will know what you need to protect yourself and your vehicle.

You will understand what your insurance agent is talking about when they use insurance terms and you will actually be able to make an informed decision. This is much better for you instead of the “nod and smile” approach people take in their insurance agent’s office.

Also just like your life changes your insurance needs will change. This year you may just need to learn about the best deductible to have. Next year you may need to educate yourself on car insurance for young drivers. As the years pass, motorcycle insurance may be something you will need to know.

Many wise people say that you never stop learning, so take their advice and educate yourself on the insurance that you spend a lot of money on and can’t get away with not having.