Insurance Q&A

Will a written warning increase the cost of my car insurance? No, you will usually not see a written warning show an increase in your car insurance. A warning is just that, it isn’t designed to penalize you. If you actually got a citation then yes, it would affect your car insurance. Car insurance companies regularly check your driving record to see if ... Read more

How do I get rid of SR-22 insurance? You’ll get rid of your SR-22 insurance when the time limit that was imposed by the state is over. When this is will vary based on what violation you committed to be put on SR-22 insurance and the state in which you live. When the time limit is up, you should check with your DMV to make sure that ... Read more

What does it mean if my agent says my insurance is bound? Usually your agent would only use this term if you’ve just gotten a new policy. The agent has the authority to bind a policy, meaning that the policy is in force as soon as you finish talking to them. However, this means you have only a limited time to pay for your coverage or sign the ... Read more

What does OTC insurance stand for? Most likely, it stands for Other Than Collision, which is another name for comprehensive insurance. This type of insurance pays out for situations other than collision, hence the name. Things often included in this type of coverage are protection against fire, flood, theft, vandalism, and animal ... Read more

What is the grace period for car insurance coverage after my policy expires? Once your auto insurance policy expires, your coverage is over. There is no grace period. That’s why it is so important to renew your insurance policy and pay your bills before the expiration date. Another thing to keep in mind is that the expiration date doesn’t mean that the car insurance ... Read more