Hi-Tech Safety Features Cost More to Insure

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Many people assume that safer cars always mean lower insurance rates. While this used to be true in the days of daytime running lights being a major safety innovation, many of today’s advanced safety features do not lower premiums. Hi-tech features that require apps, computers and other expensive electronics to function are actually more expensive to insure. High safety vs. high cost Some of the best modern cars boast crash-prevention systems and other state-of-the-art technologies. From blind-spot detection to parking assist, features that include sensors and cameras are costly but are included on most modern vehicles. One of the reasons…
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If You’re Leasing a Vehicle, Put It in Your Company’s Name

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YOU’RE SUCCESSFUL at running your business and you decide it’s time for a new car. You want to take advantage of the great leasing deals many carmakers have on offer, so one weekend you enter into a lease for that vehicle. On Monday you tell your bookkeeper to add the car to your company’s business auto policy, but he tells you that the insurer can’t add the vehicle since it’s in your name. Knowing you’re going to be using this car primarily for business, you realize you’re suddenly in a bind. As a business owner or company director wanting to…
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