Typically they go by what the same year make and model sells for in your area. Please note that they do not go by what the list price is on vehicles listed in the newspaper as that is not usually the final selling price. I like to use edmunds.com to get a good estimate of the true value of a vehicle.
From the perspective of the insurance company, you haeve participated in risky behavior by lending your vehicle to someone who wrecked your car. Doing so puts your policy into a category of high risk and as such your rates will go up.
The rate you pay will be determined by the vehicle type. You can compare multiple quotes for NJ car insurance at www.progressive.com
There isn't a set rate on this. The insurance company will first examine to see if the accident in which your vehicle was totaled was done in a manner which voided your policy. Then, the analysis will be made based on the vehicle's value, and the extent of your policy.
There are a few companies that compare vehicle insurance rates based on your profile, car and driving history. Some of these resources include: Kanetix, Rate Supermarket, Insurance Hotline and Car Insurance.
If you have insurance on your car, and someone else is driving it, and has an accident your insurance rate will go up but it will cover the damages to the other persons vehicle.
Unlike most insurance policies that have a fixed value, the value of interest sensitive whole life insurance increases at a rate indexed to some value, such as Treasury Bills.
Insurance value x Exchange Rate(USD)xexcess value(0.7/1000)+sales tax(10.3%)=Premium
I believe so. The owner would have to include the principal driver of the vehicle for the insurance rate.
Auto insurance rates fluctuate for a variety of reasons. They are dependent upon the safety of the vehicle, the age of the driver, the mileage of the vehicle, and the amount of traffic violations incurred by the owner.
Not necessarily. Insurance rates are dependant on your driving record as well as your age, gender and even your credit. Generally speaking, owning an older "family" vehicle will have lower insurance rates.
most lein holders require coll and comp coverage to protect their (the are co-owners in effect of this vehicle should you default on the loan they don't want to try and sell a wrecked car) vehicle.. if you don't have it and prove it to them that you do have coverage, they will put this coverage on the vehicle themselves (and charge you) typcially at a much higher rate, than you can buy it for, it would be good idea to put it on the vehicle yourself until it is paid off.....
I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.