February 15 2010 by admin in Dui Insurance |Comments Off
Do you need find DUI insurance in Washington because of a recent DWI arrest and obtaining it is really hard and to acquire a reasonable rate from a trustworthy provider is close to impossible? Really don’t lose heart, the situation is not as bad as they may seem. Just like regular auto insurance coverage there are some things that you can do to get a cheaper rate, or just to obtain coverage at all.
Carry A High Deductible
When you place your deductible rate high, let’s say $1,000 that will mean that in case of an automobile accident and your insurance company is accountable to cover the claim (usually meaning YOU were responsible of the accident) you would then pay out the very first $1,000 of the claim.
Car insurance provider do that so you will end up less likely to file a claim, because you will end up responsible for $1,000 of that claim. You’ll never want to report a claim for anything a smaller amount or even slightly more than your deductible amount because of a high probability your future rates will increase.
If you are a safe driver, then chances are you’ll not report a claim and can keep your savings you will end up rewarded with for having a high deductible.
Should you do have a claim, you simply pay the deductible amount if the insurance policy pays the claim. So 2 things have to happen here before you’ll be liable for the $1,000. You have to have any sort of accident and report a claim, and you should be at fault and your insurance pays the claim.
Other deductions
Combine insurance policies that you have because car insurance companies usually give discounts for multiple insurance polices if you get it with the same company.
Retired and active military gets discounts as well
If you are a senior, you can get reduced car insurance rates
Being a member of an oranization can allow you to get discounts on your insurance depending on the insurance company
If you are a student and you have a GPA of B or higher, you can get discounts as well
If you have taken a defensive classes lately, you can get lower car insurance
Does your vehicle have all the available safety features like side impact airbags
If you have a small compact car, that means you will get lower car insurance compared to those who are driving luxury cars
How is your credit score – a low credit score can effect your premiums
Living in an area with low crime and traffic rate generally gets lower premiums
August 21 2009 by author in DUI Penalties |Comments Off
Reader’s Question:
I am so worried about my brother because he was already convicted for DUI before here in Washington and he is once again charged for it. What are the possible consequences should he be convicted again this time?
Clarissa
Seattle, WA
First of all, it is highly advised that he should have a strong representation on his second DUI case so it is important that he hires a DUI lawyer. A second DUI in Washington means having committed the offense within seven years after the first conviction. This time, the consequences are severely bigger because he might be facing a mandatory jail time. Also, his driver’s license may be suspended for a longer period of time. So don’t ever wait to seek the advice of a DUI lawyer about this matter.
The consequences for a second DUI conviction in Washington include 30 days to one year in prison, 60 days of electronic home monitoring, at least $500-fine and two-year driver’s license suspension.
However, there are also consequences involved even if the case is still in trial, specifically if the first offense was just a recent one. The prosecutor would demand that the suspect has substantial conditions to be released from supervision while the DUI case is still pending. While the real aim of conditions of release is to safeguard the community and keep them secured, prosecutors contend that these conditions would make the accused sober, thus keeping the community safe. Alcohol supervision, electronic home monitoring and some other preventive devices are included in these conditions.
February 20 2009 by author in Sr22 Insurance |Comments Off
Reader’s Question:
I had recently been convicted of DUI and my insurer here in Washington canceled my current policy and they said I should get a DUI SR22 Insurance. I felt very bad about this for I have been insured with them for several years already and now that I had a problem they suddenly canceled my policy. Are they right in doing this to me and what is DUI SR22 Insurance and how does this work?
Bryan
Tacoma, WA
Once a driver is convicted of DUI in Washington, most car insurers will either cancel your current policy or they will never renew it even if you have been having business with them for many years. A DUI SR22 Insurance is a policy that is designed for those who have been convicted of driving under influences’ offense. There are car insurance companies that can give you DUI SR22 Insurance but since you are labelled as a high risk driver it could create more problems in time that’s why you should get a DUI SR22 Insurance.
When a driver is convicted of DUI, they usually want you to present a proof that you have car insurance with DUI for around three to five years with Washington’s Department of Motor Vehicle. Your insurers will file an SR22 form to DMV in order for your driver’s license suspension to be lifted. The car insurance company will charge you the rate depends on your policy and state rules. Every states has a different length of time on how long your DUI conviction remain on the record and as long as the record remains then that is also how long your premium is affected. If you have a DUI SR22 Insurance and had another conviction, the process would be easier and faster and this is something you should get as a responsible driver for we don’t know when accident strikes.
February 11 2009 by author in Sr22 Insurance |Comments Off
Reader’s Question:
What could be the reason why my brother is being required to have SR22 insurance in Washington and how can he get that?
Aila
Everett, WA
Your brother must have received an alarming letter from the Department of Motor Vehicles (DMV) asking a certificate of financial responsibility. He need not have to be so nervous because he can definitely get SR22 insurance in Washington.
SR22 insurance in Washington is a certificate filed by an insurance company that will guarantee the DMV that your brother has the minimum liability requirements for his car insurance. SR22 insurance in Washington is being asked for drivers who are considered high risk by insurance companies. There are a lot of reasons a driver is asked for SR22 insurance in Washington, including:
–DUI or Driving Under the Influence conviction
–causing a traffic accident and was not able to show car insurance coverage
–causing a traffic accident that resulted to death
–having numerous traffic tickets or accidents in a short period of time
–reckless speeding tickets
The state does not mandate car insurance companies to offer SR22 insurance in Washington. Still, your brother does not have to worry because there are a lot of car insurance companies that offer SR22 insurance in Washington, but for an additional cost. He can check with his current car insurance provider if they offer SR22 insurance in Washington, if not, he would have to shop around for his car insurance.
The cost of Seattle Washington DUI attorney representation varies, and so before you decide which lawyer to choose, you will have to come to some form of fee agreement, which you should get on paper. One way to decide which lawyer will be better for you, price-wise, would be to see how many hidden extra charges there are within your agreement, since these charges can fluctuate easily.
One charge you may see in your agreement for the cost of Seattle Washington DUI attorney representation is a price for the hours worked on your case by employees, especially if they go into overtime doing this or your lawyer must contract someone to do an extra job for your case.
Most lawyers will add in a pretty barely noticeable fee for things such as paper use, stamps for mailing forms, and the like.
It may be a good idea to choose a lawyer who lives close to the courthouse so that you are not charged for their transportation to and from court.
In many cases, the lawyer will include charges from the court within your fee agreement.
Pick up a notepad on your way to your consultation with your Washington DUI lawyer so that you can write down the outline of your conversation, both before an after. Going on, you will need to have a formula in your mind of what questions you will need to ask and how one will lead to another. Afterwards, you will need to have some bullet points of how the lawyer answered so that you can look at it next to other lawyer’s answers and see which is best.
Often times, a Washington DUI lawyer will send an assistant to do consultations while they get other work done. Don’t go to some incredibly busy office where this is necessary, but someone not to small and not too big you can speak to personally.
Request a fee agreement and discuss it in detail with the lawyer. This is an estimate and could change, so talk about possible changes in charges as well.
Check out the office and see what kind of degrees the lawyer has. Get numbers concerning the percentage of cases the lawyer takes on concerning DUI, and make sure you know how they usually end up.
I just moved in to Washington days ago. My colleagues often told me that the Washington laws about DUI are one of the toughest in the nation. I like having a night out with my friends and drive myself off home. What are the basics that I need to know about DUI in Washington?
Elizabeth, Everett WA
Hey Girl,
I am more like you, kinda the party girl yet have the guts to drive home even after getting a few drinks. Your friends are right, here at Washington laws are stricter and you should be aware of that.
Here are some basics that you should remember when confronted with a police officer arresting you for DUI.
1. When the officer punches a hole right in your driver’s license, it means that the Department of Licensing is giving you an official notice that your driver’s license will be suspended for the mere fact that you are being suspected for DUI.
2. If asked to take the Breathalyzer test and you refused, you will have your driver’s license revoked for at least 1 year.
3. With regard to your car insurance, an additional 3 years will be given to you it is as if you are convicted. Same consequence applies.
If I were you girl, I aint going to drive when you are totally drunk. You will never know when you will be arrested for DUI. I was lucky to have passed the tests a couple of times and not faced conviction. However, just last month I was arrested and facing charges. It changed my life and I tell you, it is very difficult to find a job and get your life back after being convicted with DUI especially here at Washington. For just one night of happiness and being drunk out with friends, your life will change dramatically as DUI conviction has done to me. Next time you drink that tequila and you want to drive yourself home after a night out, think it twice if it’s all worth it.
June 5 2008 by author in DUI Penalties |Comments Off
Reader’s Question:
Here is the situation; my dad was driving drunk on his way home to our Lakewood’s residence. A police pulled him over and charged him with DUI. Now, he is on trial waiting for his conviction. I want to know what are the possible punishments with regard to DUI in Washington.
Justin
Lakewood WA
Hi ya Justin,
Kinda a sad situation knowing about your dad facing a trial for DUI charges. My mom who loves to drink, was in the same footing with your dad right now. As far as I can remember, the Washington DUI lawyer that my mom hired told us, that the possible punishments that she will be facing will be the following:
1. Jail time (one year for first time offenders)
2. Fines ($5,000 for first time offenders)
3. Suspension or Revocation of Driver’s License
4. Electronic Home Detention
5. Ignition Interlock
A lot is at stake when being charged and convicted of DUI, right here at Washington. Just like my mom, she was a first time offender. She was in jail for a year and even had a fine of $5,000. If your dad is a first time offender, there is a greater chance of having same punishment as my mom did.
Don’t lose hope, your dad had a chance not to be convicted if he has the best Washington DUI lawyer to defend him and make sure to have all the possible remedies and apply the laws into your dad’s side. Winning the case is just a step away only if the Washington DUI lawyer your father hired is a competent one.
Do I have a right to an attorney when I am stopped for a DWI investigation by the Washington police?
Mark
Bellingham, WA
The law in Washington provides that all people brought to a halt for driving with Intoxication initially do not have the privilege to an attorney. In actual fact, you do not have a privilege to even talk to a lawyer until after the primary investigation on the street of Washington is complete and you have been brought to jail. Most citizens of Washington do not comprehend that subsequent to their arrest, in which they are not at liberty to speak to a lawyer when confronted with the decision of taking or refusing a blood, breath or urine test. Keep in mind, that it is still a best to request an attorney when you are first stopped by the police and you want to continue requesting to speak with your lawyer before continuing further with any of the law enforcement officer’s other other requests. Requesting to speak to an attorney is one way of protecting yourself. The hired attorney will help you go through the process while the investigation is on going. The lawyer can help you a great deal with the investigation by representing you in court or just simply to talk to the law enforcements. The attorney can also help clarify and explain the law regarding DWI especially if you don’t know anything.
A friend of mine asked me to help her find SR22 auto insurance here in Washington because she was convicted for DUI. What exactly is SR22 auto insurance and how can she find one?
Collette
Bellevue, WA
Your friend might have received the dreaded Department of Motor Vehicles (DMV) letter requesting a certificate of financial responsibility because of her DUI conviction in Bellevue, Washington. SR22 auto insurance is really just a form that proves to the DMV that your friend has the minimum liability limits for her vehicle. Because of her DUI conviction, the DMV requires SR22 for drivers they deem “high risk.”
Washington State does not require auto insurance companies to offer this type of insurance but many insurance companies are willing to offer SR22 insurance, but for a higher price.
If your friend is currently insured with a company, you can ask her to check with them first. Ask if they are able to file an SR22 for her and what the filing fee is. Remember that this could raise her rates, depending on the reason the form is needed. If the price doesn’t suit her, you can help her shop around to out which insurance companies offer SR22 and better yet, which one offers the best price.
My son has been arrested because of a DUI offense in Everett, Washington. Many have emphasized about the importance of getting a lawyer to represent him on his case. But what can a lawyer do in my son’s case if they have hard evidence against him?
Fallon
Everett, WA
You should take your chances on your son’s case, Fallon, even if you think they have hard evidence against him. That’s more reason to get a good DUI lawyer to defend your son on his DUI case in Everett, Washington. The laws in the state of Washington are constantly under review and augments and revisions are constantly pending. You have to keep in mind that the consequences for DUI conviction have become very onerous so the old adage of “get a good lawyer” still holds true. Just think hard about this, your son’s financial well being, maybe including yours, as well as his mental well being is at stake.
Your son is risking much more than a differential in paying higher fines. He could be risking his liberty and his driving rights for many years, if not permanently that’s why having a qualified and competent Washington DUI lawyer is very critical at this point. Finding a DUI lawyer is not difficult and even negotiating a competitive rate is attainable because they know you can go just down the corridor. The bottom line here is the end result and the status of your son’s life going forward.
I know that it is necessary for me to get a DUI lawyer to defend me in my DUI case here in Washington. But what are the things that I need to know when hiring a DUI lawyer?
Stephanie
Enumclaw Plateau, WA
The first thing that you would need to take note when hiring a lawyer to defend you on your DUI case in Washington is that the lawyer practices mainly on DUI cases. A lawyer who focuses his/her attention in DUI cases is what your really need because this kind of has knowledge and materials necessary for you to fight your DUI charge.
Next is that you also have to know if the lawyer is trustworthy. We know that some lawyers have a reputation for being money-hungry fast talkers. So, would you be comfortable in talking with this person? Make sure that the lawyer treat you with respect and is patient and upfront with you. If you don’t feel that the conversation is right, chances are that lawyer is not the one for you. Also, the DUI lawyer should explain exactly what he/she will do for you and would let you know if there are any extra charges for certain services, also known as “hidden fees.”
I would not know what to do if I will be arrested for DUI in Washington because I haven’t experienced it and I don’t know anyone who already has. Can I contact a lawyer before deciding to take the blood or breath test or will they take it as a refusal?
Dan
Tacoma, WA
If you will be arrested for DUI in Tacoma, Washington, you should tell the officer that you are not refusing to take the blood or breath test, only that you want to talk to a lawyer before making the decision. This answer would demonstrate that you have the normal use of your mental faculties and most of the jurors will think that is what they would want to do if they were under arrest for DUI.
But Washington State DUI laws state that the person making the arrest shall take the arrested person or have him taken without unnecessary delay before a magistrate. The magistrate should then inform the person arrested what he/she is being charged with and his/her rights to hire a lawyer, remain silent, have a lawyer present during any interview with peace officer or attorneys representing the state, terminate the interview at anytime, request appointment of a lawyer if they cannot afford one and an examining trial. Therefore, an officer is being unfair if he/she tells you that you don’t have a right to a lawyer if you have already been arrested for DUI.
September 1 2008 by author in DUI Cost |Comments Off
Reader’s Question:
We are preparing for the possible costs that my son has to pay if he gets convicted for his DUI charge here in Washington. What are the things that we can expect to pay for and do you know how much total cost would it be?
Bunny
Lakewood, WA
The national average for costs in relation to a first offense DUI conviction could exceed $20,000. Like some things, that cost could be much higher in the state of Washington. The absolute cost could include posting bail, vehicle towing, car damage (your car and anyone else involved), property damage, DUI fines, lost wages due to jail or prison, attorney fees, hiring expert witnesses to testify at trial, appealing the case if your son receives an unfavorable verdict and higher insurance rates. If your son gets convicted for DUI in Lakewood, Washington, the costs would be any of the aforementioned or it could also be all of them.
The most important thing on that list would be the higher insurance rates because this is a long-term cost. Motorists generally pay high insurance rates after a DUI for at least three years. Let me remind you that your son’s best weapon would be a competent DUI attorney. He needs a DUI attorney who not only knows the game, but also has already perfected his strategy at winning it.
I got charged with DUI in Washington and it seems impossible for me to get out of this. Would it still be possible for me to win my case or shall I just give it up?
Mae
Bellevue, WA
Nothing would be impossible and anything could still happen if you try to fight your DUI case in Washington. All you need is a DUI lawyer who has an extensive track record of fighting and winning DUI cases. Through an experienced DUI lawyer, it’s not only possible to get DUI charges reduced to a lesser offense, but in some cases, a good DUI lawyer can be able to get them dismissed entirely. The DUI lawyer can also be able to put up DUI defenses applicable in your case. The line of DUI defense includes arguing constitutional violations and challenging blood alcohol content test results.
A DUI specialist would systematically review police reports for any lapses and inconsistencies in procedure. The DUI lawyer could also request complete disclosure concerning the machine used to test your blood alcohol level, the lab certification and the personnel involved in the maintenance and operation of the machine. With all these DUI defenses and more, you don’t have to think that it would be impossible for you to get out of your DUI charge.
September 10 2008 by author in Sr22 Insurance |Comments Off
Reader’s Question:
I have a serious charge of DUI here in Washington and one of my biggest concerns is the problem I would have with my auto insurance. What consequence shall I face with regard to my auto insurance after being charged for DUI?
Bruce
Bellingham, WA
The consequence that you would have to face with regard to your auto insurance after your DUI charge in Bellingham, Washington is that you should file an SR22 auto insurance. This is a form for an auto insurance policy that you would have to obtain from the Department of Motor Vehicles (DMV) in order get your driver’s license reinstated and legally drive again.
The SR22 auto insurance would essentially become a written agreement between your insurance company and the DMV. The agreement would oblige your insurance company to provide accurate coverage for your specific needs and let the DMV know if your insurance company is no longer providing coverage for you for whatever reason. Generally, the DMV would suspend your driver’s license again after they have received the notice that your insurance company is no longer providing coverage for you. You have to find an auto insurance company that will give you coverage for the SR22 insurance if your current insurance company is not providing this for you. Good news is, an online rate quote for SR22 auto insurance is readily available from this website.
September 26 2008 by author in SR22 Non Owners |Comments Off
Reader’s Question:
How many years do I have to carry SR22 non owners insurance in Washington State for a first time DUI violation?
Harry
Renton, WA
In Washington State the usual time that a motorist is required to carry an SR-22 non owners policy is for three years. The reason why you are required to obtain the SR-22 non owners insurance in Renton WA may change the amount of time you are required to carry it though.
You can be mandated by this Washington State to obtain an SR22 non owners insurance for different reasons from a driver’s license suspension reinstatement due to a DUI or DWI, accident without automobile insurance or a second or subsequent violation of leaving a child unattended in a running car, etc.
In Washington, typically when you are eligible to reinstate your driver license, you must file future proof of financial responsibility, which is an SR-22, for three years from the date you are eligible to reinstate your license for that accident so likely this is what you will be required with your 1st offense conviction of a DUI.
I’m buying a car soon and I want to find out how I can get good car insurance rates for it. Any tips?
Grey
Seattle, WA
Those who have bought car insurance before would tell you that having to call up many different agents or consulting brokers is not the most fun way to spend an afternoon. Luckily times have changed and it is now much easier to find the best car insurance rates for you. Here are some tips:
1. Compare Rates Online – Use car insurance comparison websites. You get free access to the latest car insurance quotes and are able to compare offers coming from many different car insurers simultaneously. This is the quickest way to maximize your chances of finding the best rates out there in very little time at all.
2. Visit Rating Agency Websites – You want to spend some time on the websites of agencies like Moodys, A.M. Best and J.D. Powers. These are independent rating agencies that can tell you which companies have the best scores when it comes to customer service, pricing, claims handling, etc. This will help you identify the best car insurers to go with.
3. Get Some Discounts – Getting cheap quotes is one thing, being able to reduce your total insurance rates is another. Discounts are an excellent way to do this. There are a lot available so there’s a good chance you’ll qualify for at least one. Always ask an insurer about discount options.
4. Optimize Your Coverage – Go on a yearly payment plan if you can, this will reduce your rates or make you eligible for discounts. Remove unnecessary coverage items on your policy as well. You also probably don’t need full comprehensive coverage if you drive an old vehicle as well.
May 29 2009 by author in DUI Penalties |Comments Off
Reader’s Question:
I know that the penalty for DUI offense here in Washington involves jail time. I’m not quite sure though for how long. Can you tell me? Also, can you tell me the other penalties for DUI conviction?
Beth
Olympia, WA
Sure Beth!
For first time offenders, the penalty for DUI offense in Washington includes a jail time for 24 hours up to one year. However, instead of a jail time, the court may allow you to serve a 15-day home electronic monitoring program, which is the minimum time.
Moreover, the fine would be $350 to $5,000. Also, your operating privileges would be suspended for 3 months minimum or 90 days. And after a month or 30 days, you may get a restricted license depending on the court’s ruling. Also, you may be required to get an ignition interlock for your car which you would pay personally.
It would never be a good idea to be cited for a DUI offense. As you can see, the DUI penalty is serious. Plus, once convicted of DUI, your auto insurance rates will be astronomical. And you will be labeled as a high risk driver and this normally makes it difficult for DUI offenders to get insurance provider that would insure them.
Meanwhile, if you are looking for ways on how you can lower DUI insurance rates, you can use the Internet. Shopping for DUI insurance through the Internet can give you affordable DUI insurance rates. So start getting your insurance quotes now to save on your insurance premiums.
I am about to renew my Car Insurance Policy here in Washington and I just had a little accident a couple of months ago. Will my car insurers check my record or since it is renewal they wouldn’t check? And what could be the possible thing that can happen to my policy?
Jim
Tacoma, WA
There are many things that one can be classified as a high-risk driver here in Washington just like when you own a speedy car then you are also considered as a high-risk driver for one can actually have the biggest possibility that you might have an accident. Car Insurance Companies are not complacent in checking your driving record.
If you are for the renewal of your car insurance policy, your insurers will check every detail of your driving history before they allow you to renew your policy or reviewing your policy. If for example you insurers are a too strict regarding with traffic tickets, car crashes or poor credit then you might want to shop for another Car Insurance. Not all Car Insurance Companies are tough with these problems though you might know by now that it isn’t cheap to avail as a high-risk driver. Car Insurance Company might give you a policy but then it is more expensive than the usual for you have the biggest possibility that you might take risk on the road again. Car Insurance Companies is just trying to protect you as well as their interest that’s why they are offering you a bigger coverage.
I intend to purchase a hybrid vehicle here in Washington and I was told that I can save on car insurance using that type of car. How much savings can it cost me for having a hybrid vehicle?
Phil
Kennewick, WA
Car manufacturers are aware that various kinds of hybrids are popular so they are bringing in a lot of new models to meet with an increasing customer crave for hybrid automobiles that match their way of living. And as each hybrid automobile help save the ecosystem, the hybrid car that you intend to purchase in Washington will aid in saving you money as well.
To make having a hybrid vehicle reasonably priced for most people, car insurance providers come about with ground-breaking answers to pay in return for those environmental-friendly motorists. For instance, there are new insurance programs which give bonus to motorists who own or lease hybrid automobiles through providing discounts on their car insurance premiums. Some car insurance providers offer up to 10 percent discount on car insurance premiums to hybrid car owners. They say that giving incentive to customers who have green behavior is their response to the adjustment of customer attitudes toward vehicles. While we are in front of increasing gas prices and environmental issues, car manufacturers are exerting effort to sustain the emerging demand for hybrid cars. The fame of hybrid car would most probably remain to rush forward with new gas economy standards arranged to go into operation in the US in 2017.
My family had just moved in here in Washington for my job offer. I have current car insurance in another state and I just don’t know if my recent coverage is applicable here in Washington. Is there any imposed car insurance coverage here to be followed?
Greg
Kent, WA
Every citizen in Washington is suppose to have a car insurance and because of this there are so many ways of getting car insurance as fast as you can. Car insurance here in this state is a must for the protection of the citizens in case they get any accidents or troubles along the way.
The other thing that the state asks with regards of car insurances is that they should at least have a Liability Coverage or at least increase your Liability Coverage than getting a lot of different coverage with different minimums since even if you combine the different coverage minimums it still not enough to meet all the claims in any accident on the road. Though Car Insurance Companies offer you such other car insurance coverage like collision, comprehensive, personal injury protection, uninsured or underinsured motorist and the like it doesn’t mean that the State of Washington impose you to get these coverage. In any offers whether the car insurance company or the state you still have the final say. If the state imposed something about such coverage and if you don’t think you need it you just have to relinquish or get a reduction form telling them about your decision.
December 5 2008 by author in Gap Insurance |Comments Off
Reader’s Question:
I was advised that if I will have a loan on my car here in Washington, I need to get gap coverage for it along with my insurance. What exactly is this gap coverage and what does it have to do with having a loan on my car?
Marc
Lakewood, WA
The horrid fall of your new vehicle’s value the moment you drive it away from the seller’s area can have shocking and unwarranted burden on your pocket if your vehicle will be declared a total loss in an accident. In case you are eligible for a payment on your totaled vehicle on your car insurance in Washington, your insurer will give you the actual cash value of your automobile. Then again, the total payment your car insurance provider estimates as the vehicle’s actual cash value could be thousands of dollars further than what you have a loan from the bank or finance company. Because you will be accountable to pay the rest of your loan even if your vehicle is totaled, you may need to produce hundreds, possibly thousands in cash, except if you purchased gap coverage.
Your gap insurance coverage would pay the disparity between the approximation of your car insurance provider’s actual cash value of your vehicle and the money that you still have a loan from the bank or financial company. You may think that when your vehicle is totaled because of an accident, you will recoup the amount you owe on the vehicle or the money you paid for it if it is new enough. Apparently, vehicles do not cling to their value similar to what you think. When you drive away the vehicle, you have immediately lost some of the fees that you paid for.
