04Jul 2022 by Charles E. Price
How car insurance works when you borrow a car and leave the country

How car insurance works when you borrow a car and leave the country

INSURANCE
Breadcrumb Trail Links Travel Insurance Here's what you need to know about driving a friend or relative's car to another country Photo by Getty Article content Whether it's a summer road trip with friends, an overdue visit with a family member, or attending a business conference, you may find it advantageous to drive across the border rather than fly. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content But let's say your car isn't roadworthy, or you lack access to a vehicle entirely. In that case, borrowing a car from a close friend or relative can be a convenient solution. However, can you legally drive a car that you don't own to another country in the first place? And what impact would crossing the…
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04Jul 2022 by Charles E. Price

Educating Car Buyers to Defuse Insurance Pricing Qualms

INSURANCE
F&I managers and sales staff aware of shoppers' misconceptions about rising auto insurance rates may overcome buying objections and save sales or lease opportunities. As we previously reported, the JD Power 2022 US Auto Insurance Study notes serious collisions, higher used-car prices and rising repair costs have led auto insurers to raise rates. Those increases, which Forbes reports average 4.9% across the US, have surprised some shoppers and potentially squelched some auto sales. “As we know, setting insurance rates is complicated,” insurance expert Michelle Megna, Forbes Advisor, tells Wards. “The cost of repairs and the cost of cars are now much higher than in the past. A fender-bender can result in thousands of dollars in repairs.” The type of car, the buyer's driving record and the mileage driven per year…
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