How can I benefit by using CarInsuranceQT - FAQ?

Our website is for anyone who knows what type of auto loan or auto insurance they want and who is looking for a low cost auto loan or auto insurance with fast and easy approval. Check out the rates on the other websites, and then come to us for a low cost, efficient loan on the Web! It's fast, it's easy, and it's totally online.

What’s the procedure to apply for your financial products online?

The procedure is extremely simple, all you need to do is just fill up the application form at our CarInsuranceQT - FAQ website and submit it online. The approval takes place immediately after you submit the application on any of the business days.

Is my application and financial information secure?

We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive information transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.

What happens after I apply with CarInsuranceQT - FAQ on this website?

You will receive an e-mail within 24 hours of submission of your application. This e-mail will indicate the status of your application and the next steps you need to take.

Is there an application fee?

CarInsuranceQT - FAQ never charges applicants a fee to qualify for any of our products.

Does the online form obligate me to taking out a loan?

No. When you fill out our online application, you are only stating that you wish to have our agents approve you and contact you to discuss your options. You may still ask us any questions, and withdraw your request at this time. If you are ready to proceed, you may confirm your information and agree to terms with one of our representatives.

3. Auto Insurance

What factors can affect the cost of my auto insurance?

• Type of insurance
• Type of car
• Driving record
• Credit history
• Driving pattern
• Age

How can I lower my auto insurance rates?

• Maintain a good driving record
• Protect your credit rating
• Shop around
• Obtain higher insurance deductibles
• Apply for discounts whenever they apply to you

What discounts are available?

You may qualify for a discount if you:

• Insure more than one vehicle at a time
• Own a home
• Insure your home and car through the same company
• Have a car alarm, airbags, anti-lock brakes, or automatic seatbelts in your car
• Pay in full or through EFT (electronic fund transfer)
• pay in full or through EFT (electronic fund transfer)
• attend college over 100 miles from home and don´t have a car with you
• are a full-time student with a grade point average "B" or higher

Why does my insurance go up if I have an accident or get a ticket?

When you get a ticket or have an accident you become a higher risk. Statistically, the chance of having an another accident increases proportionately to how many tickets and accidents a driver has already had, so insurance companies adjust their rates to accurately reflect the increased exposure to future claims based on this higher risk.

Does my insurance policy cover car rentals?

Each coverage plan may be different. Some policies only specify rentals for personal use, like vacations or special events, but not business. Limitations may cover repair but not losses incurred during repair. Limitations also exist for rental cars that are totaled.
In order to be certain that your rental car is protected, we usually recommend that our customers purchase rental coverage.

What is the difference between property damage coverage and physical damage coverage?

Property damage coverage is typically required. It protects and covers damages you may cause to someone else's property. There is no deductible for this.
Physical damage coverage is also known as comprehensive and collision coverage and is usually optional. Collision covers the damages to your car if you collide with another object or vehicle. Comprehensive covers damages caused by fire, theft, vandalism, weather, windshield, or animal-related accidents. Both typically have separate deductibles.

If a friend drives my car, is he or she covered under my insurance?

Other drivers who need your permission to use your auto are frequently covered. To make sure, check your policy or ask your agent. Certain limitations may apply.

What should I do if I have an accident?

1. Check to see if anyone needs medical attention.
2. Call the police. They will tell you whether you should move the autos, and whether an officer will come take statements from those involved.
3. Stay calm. If a police officer questions you, be factual. It is not up to you to talk about whose fault it is. The police and insurance companies decide that.
4. If law enforcement is not involved, exchange names, addresses, phone numbers and insurance company names with each driver. Try also to get contact information for any witnesses.
5. Contact your insurance company or insurance agent as soon as possible to learn about conditions or procedures you need to follow.

I have an older car whose current value is very low; do I need insurance?

In most states you´re legally required to carry a specified amount of bodily injury and property damage coverage. Even if it´s not required, it´s a good thing to do.
Comprehensive and collision insurance is not required by the state, but may be required if the vehicle is financed or leased.
Consider what would happen if the car was stolen or seriously damaged in an accident:

• Can you afford to replace the car it if it is damaged beyond repair?
• If your car is damaged but not totaled, how much can you afford to spend on repairs?
• Without comprehensive, you can´t buy rental reimbursement coverage, which pays for a rental car or other transportation expenses until your car is repaired or replaced.

My job requires that I move to another state temporarily. Will my insurance cover me there?

If you expect to stay longer than 30 days, it´s a good idea to change your insurance. Though your policy covers you anywhere in the U.S., there may be differences from state to state. Significant differences can be minimum limits; one state has $15,000/30,000 and another has $50,000/100,000, for example. There may be other differences too. Find out what those differences are. In most cases, only military personnel are allowed to reside in one state and maintain residency in another. If you are planning to register your auto in another state, you will need to purchase insurance in that state.

Will my insurance cover my leased auto if it is stolen or totaled in an accident?

The leasing company will require you to pay the remaining lease payments as well as any penalties for mileage, wear and tear, or warranties. You also won´t get your security deposit back. To decide whether to purchase GAP (the difference or gap between the market value of your vehicle and what you still owe on it); review your lease or loan agreement, which covers the difference between your loan or lease and the insurance proceeds you receive for your damaged or stolen auto.

My son has his learner´s permit and is starting to drive. I want to add him to my policy but it will triple the premium! Do I have to add him?

Most companies don´t charge for a person with a learner´s permit or require that the learner be named on a policy (but some do). However, once your son gets his permanent license, he must be covered under your auto insurance, unless he won´t be driving. Newly licensed drivers are involved in more accidents than more experienced drivers, so their rates are considerably higher. For his protection, and for the protection of your financial assets, you may want to review your insurance limits and coverage. Your son´s premiums can be kept lower if he maintains at least a B average in school, keeps deductibles high, and if he drives an older, standard model car (rather than a sports or luxury car).

I plan to buy a new car. Do I need coverage for this car before I drive it off the lot?

Your new car must be insured before you drive it off the lot. If you have a policy in force, the new car will be automatically covered for 30 days. However, if you cover a new car under an existing policy without notifying your insurance company, some companies may change some of your coverage limits until they have received notice from you about the new car, and decided they want to insure it. When you buy a car, new or used, is a good time to review your coverage and check prices among competing companies. Start by getting quotes for the year, make and model of the car you plan to buy. If you´re considering more than one make and model, checking the price of insurance may help you decide. Although two cars may seem the same, the repair costs may be dramatically different, and that will have a significant impact on your insurance costs. And, if you are financing the car, you will be required to purchase comprehensive and collision coverage by your lender or leasing company.

My daughter will be going to college in another state, and taking her car with her. Do we need to change her insurance?

If the car is registered to you, and she is not considered a resident of the state where she is attending school, she can be covered on your policy. Check with the State Department of Motor Vehicles to determine whether the car needs to be registered in that state, and your insurance changed accordingly.

If a friend drives my car, is he or she covered under my insurance?

Other drivers who need your permission to use your auto are frequently covered. To make sure, check your policy or ask your agent. Certain limitations may apply.


What are the best liability policy limits?

Most insurance agents agree that the state policy limits are not enough. For the average driver, the best liability limits to have are 100/300/100:
-  $100,000 per person for bodily injury
-  $300,000 per accident for bodily injury
-  $100,000 per accident for property damage

You may want to consider changing the limit per accident for property damage if you frequently drive in an area where property damage costs may exceed $100,000.

What is the difference between comprehensive and collision?

Collision coverage is when you have a collision with something like another car. Comprehensive coverage is when it is anything else other than a collision such as fire or theft. Most people would have both coverage's when using the car on a regular basis. Sometimes when one is just storing a car they may only keep comprehensive coverage since they are not using it on the road therefore, it is unlikely to be in a collision.

What are the minimum policy requirements?

Liability is required in every state unless you can prove financial responsibility otherwise. Requirements for financial responsibility and minimum liability requirements depend on your state rules. Limits vary widely from state to state and, if you carry the minimum limits, when you drive into another state you will automatically assume that state's minimum liability requirements.

How does my driving record affect my insurance premium?

The premium you pay is a direct reflection of your recent driving record. Most insurance companies consider your record from the past 3 to 5 years. Insurance companies order driving records from the DMV of your state of residence and any other states where you have held a license. If you or anyone else in your household has a poor driving record, you may have to pay a higher premium.

Why is it harder to get insurance if drivers in my household have bad driving records?

Many companies will not insure you if you live with a relative who has a poor driving record. If your teenager has a poor driving record, you may have trouble getting a preferred rate because he or she is defined as an "insured" under your policy.

Some companies will exclude this person by name from the insurance policy. Many companies will not insure anyone in the family unless every driver in the household meets their requirements.

2. Auto Loans

What are the interest rates for my auto loan?

Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your auto loan expert will explain these factors, and tell you exactly what your interest rate will be.

How long does the application process take?

You will be contacted very promptly by the Regional Processing Center handling your loan request. The approval process is usually within several minutes to a few hours.

Can I get an auto loan even if I have bad credit?

Of course! Our lenders will work with you every step of the way to help you get approved! Our lenders specialize in helping you get the auto loan you deserve.

Will it help if I have a co-signer on the loan?

If your co-signer has good credit status, this will definitely help your chances of getting an approval.

Are there any fees associated with your auto loan application?

This is an absolutely free service.

What kind of vehicles can I get through your service?

Our nationwide network of auto dealers provides for all types of vehicles, both new and used. Sport Utilities, Vans, Trucks, Passenger Cars, Luxury Cars and Sports Cars.

If I buy a Pre-Owned Vehicle, how can I be sure it is reliable?

All of our Dealers offers Protection Plans and Extended Warranties that will cover your vehicle and give you peace of mind.

Is a down payment required?

No, you will not have to make a down payment.

When will my first monthly loan payment be due?

Your monthly payments will fall on the due date you specify on your loan application - and your first payment will be due on the first occurrence of your due date. For example, if you select the 15th of each month for your payment due date and your check is funded on the 10th day of October, then your first payment would be due on the 15th of November. Note: If the first payment falls on a weekend or holiday, the payment will be due on the next business day.

If I choose to sell my car to another individual, can my loan be assumed, or taken over, by that person?

No, your loan is not assumable by another party.

What loan amount should I request?

We suggest that you apply for an amount greater than the amount you think you'll need in order to give yourself some flexibility. Remember that your actual loan amount will be the amount you fill in on your check. For a new or used purchase from a dealer, this can include the sale price of your vehicle, taxes, licensing and registration fees, credit insurance, extended warranty/service contracts, and any other fees, less the value of your trade in and/or down payment.

What is the largest loan amount I can get?

You may apply for a loan amount up to $75,000. However, we suggest you apply for a loan based on your need. If you apply for a loan greater than that which you qualify for, we will let you know. You may then decide whether to proceed with the loan.

What if I want to pay my loan off faster than planned? What If I want to pay it off all at once? Are there any penalties for prepaying my loan?

No, you may pay off either a portion of your loan or the entire amount at any time without incurring any penalties. Any payment you make above your regular monthly payment is usually applied to the principal balance of the loan.

Can I finance the purchase of a vehicle that will be used for business purposes?

No, CarInsuranceQT - FAQ finances only personal-use vehicles.