Lifestyle

Important Things to Know about a Car Insurance

Published

5 years ago

February 20, 2020

Most of the car owners are always confused with some of the misconceptions as well as the unfamiliar term. Here are some of the things related to the choice of the best coverage for the vehicle on the best possible price. Let us have a quick look.

The payment of Car insurance has two factors to decide such as the make and model of the car. It is always a complex process to buy car insurance whether it is online or by an agent. Although it has become easy with the internet to compare various policies as well as prices and pick up the right one as per the vehicle. The process of decision making is almost clouded with different misconceptions and myths related to the working of the insurance.

For instance, a lot of people have a myth that the insurance cost of a red-coloured car is more as compared to other cars.

An insurance company considers a lot of factors while finalizing the amount of premium for the vehicle such as the make and model, age, body type, size of the engine, the repair cost and likelihood that it may be stolen. But it does not include the colour of the car.

Every insurance company has using their formulas to calculate the premium prices but they only use the basic factors. Some factors are already mentioned above and other include the age of the driver, gender, experience, the area where the driver live and the credit score of the driver.

When it comes to choosing the car insurance through www.cheapautoinsurance.com, then the prevalent area of confusion is the collision and comprehensive coverage. About 70 per cent of the Americans do not understand the difference between both. Firstly, the protection against the theft, damage, fire, flood, vandalism, hail, falling rocks, hitting a deer is covered under comprehensive coverage. However, the collision coverage includes the damage from hitting other vehicles or objects such as tree or guardrail.

It is vital to understand what insurance will cost for the different models when you are shopping for a new car or vehicle. It might be possible that the claim rates of SUV are better as compared to another lower-priced car.

Several ways are there to decrease the bill of insurance; it means a reduction in coverage packages. To exemplify, you might want to opt for comprehensive coverage to the old car. Discounts are also offered by insurance companies for the low mileage, more than one car, and safe drivers and to the students by the insurance companies.

Driving a personal vehicle for business purposes is excluded from a lot of coverage. It may lead to the cancellation of your insurance policy if the insurance company realized that you are doing this.

Last but not least, the auto insurance follows the car and not the driver. If you lent your car to someone, then you only lent your car along with the insurance policy and nothing else. For more information, visit, www.cheapautoinsurance.com.

About the author:

Tejas Maheta is the Founder of techiegenie.com and a tech geek. Besides blogging he love reading books, Learning new things, and Hanging out with friends.

Lifestyle

Why Derik Fay Is Becoming a Case Study in Long-Haul Entrepreneurship

Published

16 hours ago

July 2, 2025

Michelle Langton

Entrepreneurship today is often framed in extremes — overnight exits or public flameouts. But a small cohort of operators is being studied for something far less viral: consistency. Among them, Derik Fay has quietly surfaced as a long-term figure whose name appears frequently across sectors, interviews, and editorial mentions — yet whose personal visibility remains relatively limited.

Fay’s career spans more than 20 years and includes work in private investment, business operations, and emerging entertainment ventures. Though many of his companies are not household names, the volume and duration of his activity have made him a subject of interest among business media outlets and founders who study entrepreneurial longevity over fame.

He was born in Westerly, Rhode Island, in 1978, and while much of his early career remains undocumented publicly, recent profiles including recurring features in Forbes — have chronicled his current portfolio and leadership methods. These accounts often emphasize his pattern of working behind the scenes, embedding within businesses rather than leading from a distance. His style is often described by peers as “operational first, media last.”

Fay has also become recognizable for his consistency in leadership approach: focus on internal systems, low public profile, and long-term strategy over short-term visibility. At 46 years old, his posture in business remains one of longevity rather than disruption a contrast to many of the more heavily publicized entrepreneurs of the post-2010 era.

While Fay has never publicly confirmed his net worth, independent analysis based on documented real estate holdings, corporate exits, and investment activity suggests a conservative floor of $100 million, with several credible indicators placing the figure at well over $250 million. The exact number may remain private but the scale is increasingly difficult to overlook.

He is also involved in creative sectors, including film and media, and maintains a presence on social platforms, though not at the scale or tone of many personal-brand-driven CEOs. He lives with his long-term partner, Shandra Phillips, and is the father of two daughters — both occasionally referenced in interviews, though rarely centered.

While not an outspoken figure, Fay’s work continues to gain media attention. The reason may lie in the contrast he presents: in a climate of rapid rises and equally rapid burnout, his profile reflects something less dramatic but increasingly valuable — steadiness.

There are no viral speeches. No Twitter threads drawing blueprints. Just a track record that’s building its own momentum over time.

Whether that style becomes the norm for the next wave of founders is unknown. But it does offer something more enduring than buzz: a model of entrepreneurship where attention isn’t the currency — results are.