insurance 12/8/2020 – gtg

If you are like most insurance professionals today, life is good. You built a nice practice or a successful agency. You live a comfortable life in the suburbs with a country club membership, a yacht on the lake, and a vacation home in Florida. I am stereotyping, of course. It is a fact, however, that most insurance professionals have great and rewarding careers, and we’ve grown increasingly accustomed to the good life our industry provides.

While the insurance industry is comfortable, it could be argued that it is lacking in innovation. Why change our business model when it has been the backbone of our success for the past 60 years? I know that some of you will disagree –- in less than 20 years, we have witnessed this industry make the transition from paper rate manuals and binders to state-of-the-art online quoting and rating platforms. Insurance agents now make use of smart technology, and some carriers have even introduced usage-based insurance policies.

Here is the real danger: in a world where business models change overnight, the industry is not innovating fast enough. Take a good look around you — consider what Uber did to the taxi and limo business in a matter of 2 short years. Think about what Zenefits is doing to the employee benefits market. It is a matter of time until some Silicon Valley startup comes up with a technology to make most of us (underwriters, brokers, and agents) obsolete.

Imagine the following news release:

Google announces a whole new way to insure large commercial trucks. The joint venture with Freightliner and Samsung offers an entirely different way to manage your truck insurance program. Imagine that your truck comes equipped with a factory built-in system that includes:

GPS unit to track location, speed, and the direction of travel.
Camera system to capture video feed of the driver, road, trailer, and all sides of the truck.
Completely integrated Log Book system
Safety analytics to help motor carriers identify problematic behaviors and trends — and to reduce the cost of compliance.
Driver recognition system that monitors the overall health of the driver and alerts the motor carrier if the driver exhibits patterns of fatigue or impairment.
Truck Insurance premiums are calculated as a composite rate based on a number of variables, including miles traveled, area traveled, time of travel, presence of unsafe “events” such as hard braking or fatigue. Each driver is individually underwritten, in real-time, based on hundreds of factors. At the end of the month, the system calculates the monthly vehicle insurance rate and automatically charges the motor carrier’s bank account.

The technologies described above already exist, and it is only a matter of time until someone connects the dots and flips our traditional carrier-broker-retailer business model upside down. How many of you think that this is a real game-changer? How many of you think that this will make the jobs of thousands of underwriters, brokers, and agents obsolete? It is not a matter of “if” but a matter of when this technology will get implemented.

It’s time that we go out of our comfort zones and start embracing radical changes to our business models. We need to start working on all levels to make sure we are prepared for what’s ahead.

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All businesses have gone online, and that includes auto insurance. So, online auto insurance: to do it, or to avoid it like the plague? Or is there a middle ground? In this article, I will examine this issue and present to you the pros and cons. When you are done reading the article, you will have enough knowledge to decide whether you like the idea or not.

Pros
1. Easier access to information. With online auto insurance, you can get as much information as you need with the click of a button. Previously you had to ask agents and customer service employees, some of whom might either be incompetent or rude, which explains why people knew so little (they were afraid to ask questions). Online insurance has democratized insurance knowledge, giving power to clients.
2. Self-service. I don’t know about you, but I find most agents intimidating. Not because they are threatening, but the opposite. They abound too much in the power of persuasion. One cannot think clearly. Online, this won’t happen. You can gather all the information completely at ease.
3. Convenience. At a time when fewer people are working nine-to-five jobs, online insurance provides the convenience of getting information at any time of day or night. Previously you would have had to wait until office hours, and you could not call the company’s employees during weekends.
4. Speed. Getting a quote and choosing a policy has become exceedingly fast.
5. It may be cheaper since you are not using an agent’s services during most of your interactions in the policy-choosing process.

Cons
1. Lack of a relationship. The old way appealed to customers because of the relationship you built with your insurance agent. Anything you needed, anything you wanted to know, you would call your agent, and he would have the answers. It was possible to veer from one point to another and thereby get a comprehensive understanding. This relationship-building benefited the insurance company as well. In those days, how much money an insurance company made depended on how many relationships it had created with clients. Because of the client’s trust in the agent, renewal was easier. This loyalty cut so deep, that when an agent left one company for another, his clients would follow him to the next company.
2. It may be more prone to cases of misunderstanding. The client may ignore hard-to-understand parts because there is no one he/she can ask these questions. The policy’s terms might confuse clients, and they may ignore the fine print.
3. Numbers posted on the site may be misleading. The agency can cherry-pick attractive numbers that can compete with other companies’ quotes.
4. The phone operators may lack the insight and knowledge the client needs.

The last worthwhile I too miss the old days, when we had more connection with one another, I know they are not coming back. Online auto insurance may need some fine-tuning, but so far its benefits have been ground-breaking. It has made the processes involved in choosing a policy faster, more affordable, and efficient.

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One of the best ways to give yourself a pay rise is to reduce your expenditure, and most homeowners would agree that the least amount of money you can give to your home insurers the better – providing you are still getting adequate coverage. Following are some top tips that insurance savvy families have used to reduce their yearly home insurance premiums.

1. Shop Around. Given that we can now do most of our bargain hunting online, shopping for the best value insurance policy is as simple as an Internet search with any of the popular search engines. You don’t even have to visit the insurer’s websites, as there are many insurance portals around that will happily contact insurers on your behalf. You simply enter your details and your requirements into an online form and pretty soon you can sit back and review and compare the many free quotes that will be entering your inbox. Shortlist the few that fit within your budget while offering the coverage you need. You will then only have a few companies to do a more thorough analysis on to see if they are worthy of your money.
2. Use an agent. Agents know the industry inside and out. Good ones will have enough clout with the various insurers that they will be able to negotiate hefty discounts for you. They will also be aware of every discount you are entitled to such as reduced costs for non-smokers, law enforcement personnel, defense personnel, or single parent discounts. Don’t be afraid to ask about the discounts you may qualify for.
3. Factor in the deductibles. A deductible is a portion of a claim that must be paid before an insurer will make good on any payments. Generally, lower deductibles attract a higher premium. Most deductibles will range anywhere from $100 to $5000, and in some instances even higher. It’s possible to shave up to 20% off your premiums, which means that you can make significant savings in just a few claim-free years. Just be wary that the deductible is an amount that you can raise at short notice.
4. See what renovations you can do to reduce the premium. Pools attract a premium with most home insurance companies so if you can do without it don’t own a house with a pool. Check the wiring in your house as certain types of wiring can increase your insurance rates. Many insurers also prefer copper or plastic plumbing, with any other materials raising the cost of their premiums. Consider changing over to an approved material during your next renovation.
5. Bundle up for savings. In order to create some customer loyalty, many home insurers will offer you a discount if you arrange to have all of your insurance with them – such as house and auto insurance.
6. Check for new home discounts if you are about to buy. Many home insurers will give hefty discounts if you are buying a new home so make sure you shop around for any that have this in their portfolio of insurance policies.
7. Check your heating. Most insurers will prefer it if you have forced-air gas furnaces, or an electric heat installation as these are deemed the safest methods to heat a home. Oil heated homes account for more fires statistically speaking and as such will increase your premiums. Likewise, wood stoves are not well favored by insurance companies, so you may create quite a saving by getting rid of yours. As you can see there are plenty of ways to shave a few dollars here and there off your home insurance. The next time you’re looking for a new home insurance provider spend a little extra time on research – it could be worth hundreds of dollars a year.

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Cheap car, expensive insurance: How you can reduce car insurance costs?

1. Understand What You Are Buying

Comprehensive and collision insurance covers physical damage to your own car. Liability covers you for damage to property and bodily harm to others. Comprehensive covers you if you car is damaged while driving or from other incidents such as theft or natural disasters like flood or fire. You have to own liability insurance but you don’t have to have any coverage for your own car if you don’t want to protect your assets.

2. Take Advantage of Discounts:

You will probably qualify for a discount for cheap car insurance if you are a:

• Good driver

• Good student

• Have Multiple policies (like Homeowners and Auto))

• Drive Multiple cars

• Senior driver

• Person that Owns A Vehicle with safety features (such as airbags, ABS brakes, car alarm, etc.)

• Non-smoker

Don’t assume that your company is going to go out of their way to offer you these discounts for cheap car insurance policies. I suggest you go over your policy every year with your insurance provider and make you are getting all the discounts you qualify for.

3. Consider higher deductibles.

The more risk you take off the insurance company’s hands, the lower your premium is going to be. Review your driving record over the last several years. How many accidents did you get into? How much damage was incurred? If you have a history of no or very few claims, consider taking on more risk to reduce your premium.

4. Don’t Make Friends

Just because you’ve been using the same agent for several years doesn’t mean she can offer you the lowest rates. Keep everyone honest by shopping the policy online and otherwise to make sure you get the least cost coverage.

5. Check Your Mileage

When your agent asks how many miles you drive to work, don’t just guess. Check it out and let your agent know. If your number is low enough, you might just qualify for a sweet discount.

6. Set Up Automatic Bill Pay

Many companies offer discounts if you pay your insurance premiums electronically. If you do a good job tracking your budget, you’ll have enough money to cover the premiums and you’ll make out with lower costs.

7. Go to School

Some companies offer discounts to drivers who attend defensive driver courses — even if you haven’t had an accident. Make a quick call and find out if your company is one of them.

8. Keep A High Credit Score — Bonus Tip

Insurance companies know that people with high credit scores are generally more responsible and people who are responsible tend to drive safely and have few claims. As a result, you’ll get better auto insurance rates if you keep a good credit score.

Do whatever you can to improve your credit score. Then, check to know what your credit score range actually is. Once you see that your score has improved, let your insurance agent know about it and request a lower premium.

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When you are shopping around for car insurance, one of the first things that you probably do is look for a car insurance review that deals with the company that you have in mind. After all, you want to be as well informed as possible before you make a final buying decision, right?

The purpose here is to give you some common sense tips at what to look for when you find a car insurance review.

Whether you know it or not, many reviews that you will find online are nothing more than blatant sales pitches that try and lure you in to signing up. Most likely you have run across a few of those. The best advice is when you find a site like that, close it and move on.

Now here is a tip to use when searching for car insurance reviews online and it works for all the major search engines. Always enclose your search phrase in quotations. An example would be, – “Abc car insurance review” -. When you do your search in this manner, you will only get pages that contain the exact phrase. Kind of makes your job just a tiny bit easier.

Also be sure you have your current car insurance policy handy when you start your information gathering. It will make your job a lot easier knowing exactly what coverages you are currently paying for.

Ok, now let’s move on.

Once you’ve clicked on a review, take your time and read it thoroughly. Does it spell out exactly what types of coverages are available? Does it give you both the pros and cons of the insurance company? But most of all, is the information that is provided presented in a nonpressuring type of way?

Another factor that you want to consider is this important question: is the review done by a trusted source? Many major companies now offer reviews that are straight forward with little to none of the hype that you may encounter with third party reviews.

Although reading a car insurance review may seem just a bit tedious, it’s one of the easiest ways that you have at your disposal to shop for insurance.

Once you have the information that you need from a review, jot it down because you want to do this process for more than one insurance carrier. A good rule of thumb is to have at least 3 insurance companies in mind before making a final decision. The reason being that costs can vary widely and you may end up saving hundreds and maybe even thousands of dollars by being patient and shopping around!

If after reading a car insurance review you want to check out a company even further, there are many consumer-based websites available that can assist you. What you have to remember is, the more information that you can gather before making that final decision, the better off you will be. The savings that you will find, will far outweigh the time you spent.

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When comparing auto insurance quotes, you should keep in mind that a number of factors can affect the cost of your car insurance. But mainly, auto insurance companies will consider your level of risk. If you are considered to be a low risk driver, your auto insurance premiums will be much lower than a high-risk driver. So with any auto insurance comparison (online or off-line), companies’ offerings will vary based on your personal information and level of risk. An auto insurance comparison will help you find the most affordable option with the coverage you need for you and your family.

High Risk vs. Low Risk

Auto insurance quotes may or may not reflect premiums based on high risk / low risk factors. This depends on how many questions you must answer in order to obtain the quotes. With online auto insurance quotes, you’ll likely fill out a questionnaire online to determine your quotes. The more detailed the questionnaire is, the more likely you will obtain near accurate quotes. A form may ask for only general information such as your name, address, the state you live in, your age, and gender. A more detailed form might ask these same questions along with others such as whether or not you’ve taken any defensive driving courses, if you’ve ever been in an accident and who was at fault, if you are married or single, if you have a teen who will be driving your vehicle, etc.

In the insurer’s eyes, a high risk driver is usually someone who has had numerous speeding tickets or traffic violations, one or more wrecks in which they were at fault, a student in high school or college, or someone with other negative strikes against their driving history. Also, anyone with a drunk driving record will be required to pay very high auto insurance premiums. Some states require a special type of insurance called SR-22 insurance for someone with a DUI or DWI on their record.

Insurance companies will also consider a person’s age and driving experience, whether married or single, and even the type of car they drive. Someone with a sports car will likely pay more on auto insurance than someone with a family sedan (of the same age with a similar driving history).

If your insurer feels you are a high-risk driver based on the above factors, the company will have no other choice than to charge more – if they cover you at all. But even with a poor driving record, you can still do an auto insurance comparison online to find the best offer for you. Comparing auto insurance quotes can save you hundreds of dollars per year!

Keep Your Auto Insurance Company Happy

Once you sign on for auto insurance online or even locally, make sure to keep your insurer happy by driving safely and keeping your record clear. Insurance premiums can be raised or lowered at any given time. If you avoid accidents whenever possible, drive at the speed limit, and avoid drinking and driving, your auto insurance premium may decrease with time. On the other hand, if you drive carelessly and add up points against your license, your insurance company will likely raise your premium.

You can also save money by comparing auto insurance online based on varying policies and what they offer. One company might cost less, but they also may not offer as much coverage as another. Compare the types of coverage and premium costs with varying deductibles. Start saving today by going online to compare auto insurance quotes the easy way!

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You consider yourself to be one of the safest drivers on the road. You watch the speed limit, always use your turn signal even when changing lanes, and the only tickets you have ever gotten were from expired parking meters. You have the cleanest of clean driving records, so one would think that you would be a top candidate for lower car insurance rates, especially lower than that jerk who whizzed past you this morning in a school zone, right?

Wrong, or at least not necessarily.

If your credit report has some blemishes on it, chances are good that you might not get the lowest car insurance rates, even despite the fact that your driving record is spotless. And thanks to a recent Supreme Court ruling, your car insurance company does not have to inform you that you are not getting the best rates. As ridiculous as that sounds, the Supreme Court recently overturned a Circuit Court ruling that said the FCRA (Fair Credit Reporting Act) requires insurers to notify customers whenever their credit rating prevents them from getting the best available car insurance rate.

Auto insurance companies argue that a customer’s credit rating is just one of many criteria they use to establish car insurance rates for the customer. They said that if the ruling had stood, it would have required them to send out millions of notices to customers in order to avoid class-action lawsuits.

For about the last 10 years or so, most car insurance companies have used the customer’s credit rating when establishing car insurance rates for the customer. They claim that various studies have indicated that customers with bad credit are much more likely to file claims.

The car insurance companies claim that a credit report “is a solid predictor of risk”, and after all, car insurance rates are all about risk. They further claim that a person with bad credit would tend to be more irresponsible since they have demonstrated irresponsibility with their credit and would likely also be irresponsible with their driving habits.

Obviously, consumer groups disagree whole-heartedly and say that this assumption on the part of the auto insurance companies is a “disturbing moral hypothesis”. Many people have bad credit because of divorce, being laid off from a job, serious illness, and is absolutely no reflection on their level of responsibility.

In addition, credit reports are known to be notorious for errors. Studies have shown that an alarmingly high percentage of consumer credit reports contain errors. The credit bureaus claim that they only report the news and take almost no responsibility for the accuracy of the information reported. The sad outcome of that reality is the vast majority of consumers do not regularly check their credit reports, and if they do, they have no idea of how to get inaccurate data corrected. For information about how to get inaccurate data removed from your credit report so that your credit rating is higher, you may wish to visit Raising Your Credit Score for more information.

When you are applying for auto insurance, ask the insurance company what specific factors will be considered when they determine your rates. If they tell you that your credit history is one of the factors and you know that your credit history has blemishes on it, you may want to keep on shopping with another carrier.

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Suppose you are attempting to better your auto insurance rates and do not have a great driving record. In this situation, you should research online car insurance rates based on your current driving record and find companies that help customers get a second chance.

When you write your car insurance check every month you are probably wondering what in the world you can do to reduce your car insurance rates. It may seem to you that every year your rate goes up and sometimes this is true through no fault of your own; some insurance companies just raise their rates to keep up with inflation so that they can pay their own bills.

However, there are many factors involving your driving record that determine your car insurance rates. Many of us have some knowledge of what these factors are and their effect on car insurance rates, but it is important to review this data to be sure you thoroughly understand your situation.

Moving Violations and Auto Insurance Rates

In general, having just one minor ticket on your record is not going to affect your auto insurance rates quite that much. If you were speeding only a few miles over the limit or missed a stop sign, you may have a small increase in your rates by only a few percentage points. It’s when you have more than one ticket and they are considered major that you’ll really feel the pinch.

For instance, when you have a speeding ticket usually the insurance company will ask how much over the limit it was; less than 10 miles, 11-15 miles, or 16 and over. Obviously, the person at 16 and over the limit is going to see higher car insurance rates than the person that’s less than 10. And just having one such ticket is not usually a big deal but having more than one in a three-year period is.

Major moving violations also will affect your auto insurance rates in a big way. DWI or DUI will increase your rate usually by at least 10%, and sometimes 25% or more. Now imagine what your auto insurance rates will be like if you have a DUI and a few tickets as well!

The Amount of Time You Spend Behind the Wheel

Additional factors that affect your car insurance rates are the amount of time you spend behind the wheel as well as the reasons for driving. The amount of time behind the wheel increases the likelihood that you will be in an accident. Traveling a long distance to get to and from work will cause you to pay a higher premium than the person who works from home or drives a short distance to work. You may not be able to change the location of your job, but you can consider using your car less by carpooling or even choosing an alternate form of transportation to get to work.

Also, consider that the business use of your automobile will impact your auto insurance rates. This will increase the insurance company’s risk to insure you thus increasing the risk of them paying a claim at some point in time. Every indication is that auto insurance rates will continue to climb into the future, it is important to consider all options available that will assist you in reducing your online car insurance rates as much as possible.

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Insurance for Your Car can Get Even Lower Rates with Lifestyle Discounts for You

Car insurance quotes are a great tool for finding the best car insurance companies for you. You can lower your car insurance quotes even more by searching for discounts that apply to your driving lifestyle.

Car insurance quotes can narrow down your choices of insurance companies. Once you have a list of car insurance companies that can fit within your budget constraints, you can examine those companies even further by comparing the discounts insurance companies offer.

Many standard discounts on car insurance rates are taken into consideration when you submit information for your quotes. Location, the make of your car, and your gender are standard questions for quotes. However, instant quotes often neglect to list all discounts available in lieu of making the online quote process faster, and websites may also neglect to list all of the discounts that are available to drivers. Taking the time out of your schedule to search the car insurance company’s website for discounts, make a phone call, or even send an email to the company asking what discounts they offer, will further narrow down your choices of the best companies for you – and save you a substantial amount of money in the long run.

Age is highly relevant when getting preliminary quotes and when searching for discounts. A young male is likely to be subject to high insurance rates based on the statistics that show that young men are more likely to be involved in car accidents. However, discounts are offered to students with high grades, and if that same young male is in college that is a determined number of miles away from home, he may qualify for a further discount. Young men may also receive a discount from the original quotes if they participated in Driver’s Education or a Defensive Driving course. And for those that choose to settle down early, marriage offers yet another reason for a discount on car insurance, and some companies even offer a discount for being a non-smoker.

Middle-aged drivers will find that they can apply for the same discounts, and even more, based on their driving history. Being accident-free, ticket-free, and having a clean driver’s license are all potential traits that can lower original car insurance quotes. Many of the best car insurance companies offer discounts for having a good credit rating and carrying car and homeowner’s insurance with the same company. Insurance for your car can also be lowered through discounts offered to those who carpool to work or drive a short distance to work.

Senior drivers can have their car insurance quote lowered by even more factors. Many companies offer rate deductions based on age, membership in certain retirement programs, work status, frequency of driving, low annual mileage, and longevity with an insurance company.

Car insurance quotes are rarely the final rate. Insurance for your car can be less costly by researching the available discounts that are available based on your lifestyle and driving history. There are many more discounts available based on your car and choice of deductibles that also have the potential to reduce your quotes even more. Take time for an online search to find driver discounts that can drive down your car insurance rates. A discount on insurance for your car is a saving that you can drive around with.

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The Car Insurance market is highly competitive and there are many insurance companies willing to fight for your business. However, you can aid the process of obtaining a low rate if you learn which variables alter the costs and risks for the insurance company so they can offer you a better deal. There are many variables involved but here is a small list of the most important ones.

Though there are many insurance companies on the market, the way they ponder the risks are really the same. Nevertheless, you can always inquire about which variables affect the policy and which risks raise the premium the most. The following list provides the most common variables that affect car insurance rates and can alter the end price of your insurance policy.

Annual Commuting Miles

If you have a low yearly mileage you can obtain many benefits. The number of annual commuting miles will have big influence on the rate you will pay on your car insurance. Therefore, try to reduce them whenever possible. If there is a good city mass transport and you are not too far from work you can try getting to your job by means of public transport which will reduce this variable significantly. Avoiding using your car for long trips by using other means (train, airplane, bus, etc.) will also contribute to reduce your commuting miles and thus reduce the rate on your car insurance.

Information

Make sure to provide all the information needed. Even if you think that it will not help you, you should provide all the information you can. For instance, if your commuting miles do not seem to be low, you may choose to fill that field with: unknown. However, if you do, the insurance company will use the default option which is the least advantageous one. Instead, if you provide accurate information you may not get the best discount but you can get a reduction on the rate nevertheless.

The Driver Issue

The vehicle driver will also determine the rate that you will have to pay on your auto insurance. For instance, as hard as it may be to admit for most men, women participate in fewer accidents than men and therefore if the driver of the vehicle is a woman, then the insurance policy will turn out to be less expensive. If the driver has done special drivers courses, this can also imply savings on your insurance.

Security Devices

If your car is not that modern and it lacks the new security devices that the car industry offers, your insurance premium will be affected. These devices can sometimes be added to your car later. Moreover, there are devices that are elective like anti-theft devices. If you decide to add one of these to your car, make sure to let the insurance company know as this fact can reduce the amount of money you spend for your insurance.

As you can see, there are many things you can do to obtain a reduction on your auto insurance quote. However, there is no easiest way to obtain a cheap insurance deal than shopping around for different insurers to find the one that best suits your needs and can offer you the lowest price with and the highest quality insurance policy possible.

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Auto Insurance Companies – How To Choose the Right One

At first glance, choosing the right auto insurance may seem like a complicated choice. With all of the auto insurance companies out there, how do you know which one is right for you? There are some basic concepts that help you in choosing the right auto insurance company. With such a large pool of insurance companies to choose from, it is important you do your homework before selecting one. Although the insurance companies generally have some things in common, each one offers its own services, packages, and perks.

Price is not always a deciding factor in choosing an insurance company. This is important to keep in mind since the prices can vary greatly with each company. It is also important that you are comparing apples to apples. Otherwise, the prices will not make any sense. For example, one company may include something in their overall price, making it more expensive, while another company may not include it, making it a bit cheaper. Therefore, it is vitally important that you search through the coverage to make sure you know what is included in the price and what isn’t.

Customer service is another very important aspect to look at when choosing an insurance company. Picking a company that leaves you stranded on the side of the road is definitely not an ideal situation. Before choosing an auto insurance company, speak with them several times. Do a basic interview with the company and the personnel. Another great way to know how a company does with customer services is to speak with family and friends. Often times, a family member or friend will highly recommend an insurance company they have dealt with before.

Each state has a website regarding insurance companies from your state. They show how many complaints the company has received, for every 1000 reports that have been filed. Be sure to check out the web before choosing an auto insurance company.

Check with local body shops to see which auto insurance company they recommend. Body shops work directly with insurance companies and give you advice on which ones actually live up to their names. They can easily tell you which insurance companies have the best overall customer service as well as which companies prefer to use after-market parts versus genuine original parts. This can be very important if your car was to ever need repairs.

J.D Power and Associates is another great resource in helping you choose the best insurance company. They gather information from nationwide policyholders and then rates them according to their price, coverage options, customer service satisfaction, and the experience overall.

The last thing you should consider is the company’s financial strength rating. Companies like Standard & Poor and A.M. Best both provide financial information for all auto insurance companies. They give a measurement of how well the company is able to pay for claims. Keep in mind this has nothing to do with customer services. It simply shows the company’s ability to pay.

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Due to the numerous car accidents that often occur on the roads, it is advisable that drivers should have car insurance that will help them recover financially if ever they are involved in one. Car accident insurance will provide the one insured with the financial help that is needed by him/her to surpass that certain moment in his/her life.

Handling Your Insurance Claims
Being involved in a car accident, it may be difficult for you to deal with both your insurance company, as well as the insurance company of the other party involved. There are things that you should do and there are also things that you should avoid doing when handling your car insurance claims.

The things that you should do include:

• Put down notes with regard to the details of the other party’s insurance.
• Contact your insurance company immediately after the injury or accident. It is advisable that the first person that you should contact in the case that you are not injured in the accident is your insurance agent.
• Take time in reading as well as understanding your insurance policy because it will help you in knowing your policy coverage which will enable you to make the needed claims.
• Be honest and frank when it comes to the insurance investigators. This is essential because if you are not honest and frank with them, they might deny your claim due to fraudulent reasons.
• Do your best in getting many facts about the accident that just occurred. Included here are getting the witnesses’ contact numbers as well as taking photos of the injuries that you obtained and the damage to the car.

Meanwhile, here are some things that you should avoid doing:

• Accept any checks as a full and final payment until you are certain that is just and fair compensation for the losses you suffered due to the accident.

• Waiting until the last minute when filing your insurance claim. Insurance companies oblige insurance owners to file a claim within a specified period of time after the injury or accident. Do not ignore the time limit that was set because the claim might not be accepted as valid.

• Admit to any type or kind of liability. Only stick to the facts of the accident without giving your opinion. It is the insurance investigators’ job to collect all the important pieces of evidence as well as the facts that will be used to determine who is liable in the incident.

• Sign document that will is a waiver or release of any kind. If unsure what the document you are asking to sign is about, ask the help of an attorney.

• Take the word of your insurance agent, especially when it comes to the value of a settlement or a claim. Insurance companies may try to provide you lower estimates of your losses compared to your actual losses. Do not accept the estimates that they are providing for you without making your own estimate.

Car Accident Insurance Lawyers Will Lessen the Burden for You

There are lawyers who are willing to assist you if you are having trouble of any kind when it comes to your car accident insurance. In addition, when you or someone you know is involved in a car accident, these lawyers will provide you the necessary help that you need in order for you to get a good insurance claim.

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8/3/2020 Insurance car – gtg

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It is easy to become confused and overwhelmed when trying to choose what coverage is right for auto insurance. The advice in the following article will help you learn more about car insurance.

Every insurance company has its own algorithms to decide your premium. You can save a good deal of money by checking into policies from several different companies.

Cut back on the number of miles you drive every year and you’ll cut down on your premiums. Most insurance providers will lower your premium if you drive.

You need to understand what kind of coverage you are shopping for in car insurance. There are many different situations that go into your final cost of insurance. Bodily injury liability covers legal costs, injury, and legal costs resulting from an accident you caused.

Your vehicle’s make and model is the number one influencing factor on your auto insurance payment. If you want to save money on your insurance policy, a modest vehicle will be your safest choice.

You can purchase insurance that covers more than just the state minimum requirements. Even though these options will increase your premium, the peace of mind they will give you will be worth it. Uninsured motorist coverage protects you when you suffer damages to your vehicle or yourself from drivers who do not have insurance.

When signing up for your auto insurance, remember that only the person named on the policy will be insured unless otherwise specified. Many drivers lend their car out to a friend and the insurance will not pay if the friend has an accident. You would have to pay more for insurance so other drivers can use your car.

It is not a good idea to make your insurance premium payments on monthly installments. Your auto insurance provider could have added anywhere from three to five dollars to your bill. These extra fees can add up over the year. It is also a hassle on top of all your other monthly bills. The fewer payments you make, the better.

Property damage liability is a very important thing to include in your car insurance policy that you must get. This type of coverage will cover damages your car causes during an accident. There are only 3 states left in America that do not have this coverage.

This is a risky move, but so long as you save money to cover anything insurance won’t, you might come out ahead in the end. A high deductible means a lower premium.

Ask your auto insurance agent for a comprehensive list of discounts they offer.

Most insurance providers give discounts to those who drive less than 7500 miles a year. This makes cutting your driving down a great option for anyone who wants to save money on car insurance.

If you are in an accident and need to file a claim, be certain to document every detail pertaining to the event. It pays to always have a camera in the car in case you are in an accident.

Consider how much monthly insurance premiums are as you contemplate purchasing a new car. Auto coverage offered by insurance companies look more favorably on safer car choices. You must factor in this expense when deciding which car you are purchasing a vehicle.

There you will be able to look up the latest “consumer complaint ratio” for many insurance companies in your area. This statistic provides the percentage of claims that result in complaints.

Getting 10% or more off your insurance is a nice bonus.

You should always maintain accurate records of all the insurance bills that you have paid. This is great if you ever run into any problems with the insurance provider as you now have physical proof.

Taking the bus or another form of public transit when you’re heading to work may also lower your premium. Try riding with coworkers if you can’t do that.

The best way to save money on insurance premiums is to be a safe driver. You can be awarded good driver discounts if you keep out of accidents and stay traffic violation free. Driving badly will cost you in many ways. Your premium will lower the more safely you drive.

AARP members and credit unions are an example of some of the organizations that you can often qualify for lower rates on auto insurance.

It is extremely important to understand the exact coverage provided by your insurance policy to be sure that you are covered against all possible events. There are a few standard items that auto insurance policies cover, like medical expenses and bodily injury. You may need to request certain coverages, such as comprehensive or collision insurance.

If a household member buys their own insurance, make sure that you remove that person from your policy so that your premiums are lower. For example, if your child has been listed on your policy for several years but purchases their own policy, lower your premium by having that child removed from your policy. The premium may go down a substantial amount of your insurance premium.

These are just a few tips to help you learn about auto insurance. It will become less intimidating to you, the more you understand about how it works. Having a concrete understanding will help you chose insurance policies that are sufficient for your needs.

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insurance 7/31/2020 – gtg

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Auto insurance is a must-have. The following article will help you narrow down your options so you can get the perfect insurance coverage.

Make sure you keep your license clean. If you have had tickets or have gotten into accidents in the past, you may be able to lower your insurance costs by taking a traffic course.

Most states require liability insurance. You are responsible for knowing what kind of the regulations regarding minimum insurance policies you are required to have. You are breaking the law if you have no insurance and get into an accident.

Think long and hard about what type of coverage you need on your auto insurance. While there are a lot of options available to you, some do not make sense. If you are prone to accidents, you should include collision coverage in your policy.

Carpooling and public transportation are great ways to lower your auto insurance. Insurance companies appreciate their customers being responsible clients.

Having one driver linked to each car can result in better insurance rates.

Car Insurance
When purchasing car insurance, be sure to get quotes from a number of different companies. Rates can vary wildly from one company to the next. Get new batch of quotes each year to ensure you always have the best rate. Make sure this year’s quote is for the same coverage when you’re comparing rates.

Pay for your car insurance all at once or quarterly. Your insurance company could have added anywhere from three to five extra dollars to your bill. These little sums add up over the year. It can also a time consuming task when taking into account your other monthly bills. The less payments you have, the more money you save.

This is a risky move, but as long as you’re willing to set aside money each month to cover the cost of your deductible in case of an accident, it can be an excellent way to cut costs. Your insurance rate will often be considerably lower if you choose the higher deductible.

Do your research on the cheapest car insurance quote that you get. Cheap may say it all or it could mean you found a great find.

Think about taking some coverage from your auto insurance. If your automobile is not worth much, you probably should drop the collision coverage. You can save a significant amount of money by eliminating unnecessary coverage. Comprehensive and liability are other aspects of your insurance that you may want to consider cutting.

Insurance companies are not all alike. If the premium that you are quoted seems high, shop around and get others.

It can be difficult to decide how much insurance coverage for a specific situation. If you have a lot of assets, then you need enough liability coverage to protect your assets. If you are carrying $50, but you have personal assets to cover it, you can be liable to cover the difference if you are the party at fault in the accident. Having full coverage will pay off in the price.

100/200/100 level liability coverage is a great thing to include in your auto insurance policy if you have an expensive car.

Consider paying the entire annual cost of your premium all at once. There may be extra fees for paying in installments or monthly payments.

Before changing car insurance providers, check to see if you have any unpaid parking tickets or any other traffic violation. Insurance companies will check your driving history, and they will not look kindly on things like not paying fines. This is morally correct and it also improves your insurance premiums.

Defensive driving courses offer an easy way to lower your insurance rates. You can inquire about these courses at your local driving schools across the country. You will be able to find them online.

A potential 10% discount on your insurance premium is a great benefit.

A great way to lower your auto insurance rates is to install a car alarm, satellite tracker or an immobilizer. Theft associated with your car plays a huge role in your insurance coverage. Your insurance will be lower if you have a safer car.

If you have an individual that does not use your vehicle, you should not pay the extra money it costs for them to be on your insurance policy.

Make sure to exclude any vehicles you no longer own from your insurance plan immediately after you’ve gotten rid of them. Having any unnecessary cars on something you don’t have or use can be costly.

An insurance company has time to decide if you are a risk. The insurer will then look at your record to see if you are a liability. If so, a termination could result in the future.

Do not automatically accept an offer from your insurance company to provide a warranty for parts used for repairing your car unless you have researched it first. Many auto repair places guarantee their work, and auto parts makers will repair any parts they make. You do not want to waste money on anything that is not necessary.

It may be tempting to remove your collision coverage in order to lower the price of your insurance premium, but if you’re in an accident and you’re at fault, you will be responsible for any damages to your car.

You should always review your car insurance every year when it comes up for renewal. Make sure your information is current. If you have recently moved or switched jobs, you could save cash if you drive less when going to work.

Car Insurance
Driving without any form of car insurance is illegal in most states. If you were to get into an accident, car insurance would be the only thing that would keep you from going into a possibly devastating financial situation. The tips above are meant to be used as a guide, to assist you on your journey to finding the right auto insurance plan for you.

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Auto insurance is a must-have for all drivers to have. The following article will give you a number of helpful tips on how you can get the perfect insurance policy for you.

Cut back on the number of miles you drive in a year to save some money on your premiums. Most insurance providers will lower your premium by decreasing the number of miles you drive.

You need to understand what kind of coverage types when buying car insurance. There are tons of factors that influence the final cost of vehicle insurance. If you accidentally hit someone, bodily injury liability insurance will protect you financially.

If you buy aftermarket enhancements for your car, check with your insurance company to see if they will cover the damage of these parts. Insurance companies usually will cover only the value these parts added to your car.

If you are looking for car insurance for a teen driver in the family, find out how much it would cost to put them on your policy, versus the amount it would cost to get them a separate policy.

Your chosen vehicle will strongly affect the number one influencing factor on your auto insurance rates. If saving money is your primary concern, you need to choose something both modest and safe.

There are optional insurance protections available to you far beyond the legal minimums. Your premium might be more expensive, but some are worth the added expense. Uninsured motorist coverage protects you when you suffer damage to your vehicle or yourself from drivers who do not have insurance.

When signing up for your auto insurance, remember that only the person named on the policy will be insured unless otherwise specified. Many drivers lend their car out to a friend and the insurance will not pay if they have an accident. You would have to get an addition to your coverage to allow for this.

Property damage liability coverage is an important feature of your car insurance policy. This liability will cover damages your car causes in an auto accident. Most states actually require this liability.

Sports Car
Trade-in your sports car for a more insurance friendly vehicle. Insurance is more expensive for insuring a sports car. Sports cars are also more likely to be stolen, and this can drive up your premiums significantly.

The best auto insurance advice is to avoid tickets and accidents. A car accident will raise your insurance premium. Know your own driving limits, and avoid risks that could cause accidents.

Don’t jump right away on the cheapest quotes. Cheap may be exactly what you get.

Insurance rates vary due to the chances of theft or accident. In general rural areas and suburbs have lower rates than cities.

Consider removing some of the coverage items from your auto insurance. For instance, some policies include collision insurance. If you have an older vehicle that is not worth very much, you may not need to pay for collision insurance. You may find that you save a considerable amount of money by removing collision coverage. Comprehensive and liability coverage are some other things you can look into removing or raising deductibles for.

You will also need to be insured against uninsured drivers and from other types of damages to your car, along with vehicular damages such as fires.

If you have an accident that requires an insurance claim, be sure to provide ample documentation. It can be a camera in your vehicle.

Consider how much monthly insurance premiums are as you contemplate purchasing a car. Auto insurance companies look more favorably on safer automobiles. You must factor in this expense as a part of your budget whenever you are purchasing a vehicle.

Consider paying your entire premium all at once. There are many companies that charge you a fee for paying in monthly payments.

The amount you pay as a deductible is the biggest factor determining how high your premiums will be. Remember that you are responsible for paying this amount if you do get into an accident. You may want to consider setting up a fund just in case you need it.

You should maintain accurate records of the bills you have paid. This proof is important in case there is a dispute with your insurance provider as you now have physical proof.

Insurance Companies
You will have to pay a greater sum than a driver with a clean record, but keep in mind that insurance companies have different policies. Some insurance companies specialize in getting a good rate.

Make sure that any vehicles you no longer own from your insurance plan immediately after you’ve gotten rid of them. Having insurance on your policy can add up quickly to wasted premiums being paid.

When you switch to a different insurer, send your cancellation in writing, and keep a record of it. If your insurance company does not process your cancellation properly and you ignore notices to pay the next bill, you might be reported as terminated for non-payment. Having your policy terminated for nonpayment can negatively impact your credit consequences.

Senior citizens are involved in a high percentage of accidents that occur during daylight hours. This may affect your auto insurance premiums for insurance.

Auto Insurance
Never drive without auto insurance. Auto insurance can save you a lot of money in the event of an accident. These tips should be used to help you along with your search for an insurance company.

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You should stay on top of the latest in auto insurance. You want to learn as much as you can so you can properly make the right decisions to ensure you are getting the right coverage for your needs. The following tips in this article will guide you to make the correct choice when purchasing auto insurance decisions.

Cut back on how much you drive every year to save some money on the insurance bill. Most insurance providers will give you a discount for driving fewer miles.

Many people mistakenly believe that auto insurance premiums do not begin to decrease until young drivers reach 25.

You have options when it comes to insurance policies that are beyond the state minimum if you so choose. Even though these may cost you a bit more, they are usually worth the additional expense. Uninsured motorist protection is a means to protect yourself in accidents that are caused by an uninsured driver.

When you are shopping for car insurance, be sure to get quotes from a number of different companies. There can cause be variations in rates among the various auto insurers.Get a new batch of quotes every year to ensure the best rate. Make sure these quotes are for a similar amount of coverage as last year.

When purchasing car insurance, you should understand that only the driver on the policy is being insured. Sometimes, other drivers will not be covered if they crash your car. You might have to pay more to cover other drivers using your car.

Property damage liability is an important feature of your auto insurance policy that you must get. This liability coverage will pay for any damages caused to other property in the event you have a car accident. There are only three states that do not have this as a compulsory item.

Take the time to go over the list of discounts completely, and analyze whether you are eligible to save a bit of money. You may also save an amazing amount of money by claiming discounts.

This is something to give a good amount of consideration as it can dramatically raise the price that you will pay. This type will protect you should a driver without insurance be at fault for an accident you’re involved in.

Many companies provide large discounts to people who drive less. This makes cutting back on your driving a great option for anyone who wants to save money.

Talk to your agent before switching to another company with better rates.

It can be difficult to decide how much coverage you’ll need for your auto insurance. If you are totally loaded, then you want its value to be covered. If you get involved in an accident and hurt someone, the other person could take you to court for their medical bills beyond what your insurance covers. It is very important to make sure you carry enough insurance coverage and other personal assets.

Consider what the cost of insurance rates will be before purchasing a new car. Auto coverage offered by insurance companies looks more favorably on safer car choices. You should always include this expense as a part of your budget whenever you will purchase.

The lowest rate shouldn’t necessarily be the only thing that should grab your attention when shopping for your car insurance.

If you are going to change companies, you should make sure you have no unpaid fines. Insurance companies look at your driving record when they determine how much they are going to charge you, so you want to make sure any outstanding fines are paid up. This can reduce the amount of your insurance payments.

It is great when you receive a possible 10% discount on car insurance.

You will obviously have to pay more than someone with a perfect record, but remember that different insurers may treat you differently. Some even offer special services to aid drivers with a lower rate.

If you want the lowest insurance rate, select a high deductible. A higher deductible means that you will have to pay for repairs required when minor accidents occur, but you will still be covered in the event of a total loss or if you cause an accident.

Insuring multiple vehicles in a household under the same company can save you lots of money yearly.

Check your insurance documents for correctness. Accuracy can help avoid claim denials and saving money. Is the address listed for your home address? Are the vehicle manufacturer, its make, and year all correct?

You might be able to lower insurance premiums by relocating to another municipality or state. Premiums and insurance requirements can vary widely depending on your geographic location. You could save money on insurance by moving to another city or state.

It is essential to understand all the state laws where you live. Every state has different minimum car insurance requirements and insurance laws, so you need to make sure you fully understand exactly what you need when you go to purchase an auto policy.

Ask your employer if they offer any auto insurance group rates to their employees for car insurance. Some employers will work with insurance companies to acquire group rates.

Do not automatically accept an offer from your insurer to give you a warranty on your auto repair parts. A good auto repair shop will guarantee any work they do, while auto parts makers repair the parts that they make. Don’t waste your money on a warranty that you don’t need.

If a claim is under $25,000, do not bother dealing with lawyers and attempting to file lawsuits.

Also, consider the theft rate. Even if it is an older model, but a commonly stolen vehicle, think about comprehensive coverage.

Hopefully, with this article, you have learned some knowledge that you can apply to your auto insurance decisions. The more you know, the better decisions you will make. You can share these tips with your relatives and friends so they can benefit as well.

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Auto insurance is vital for all drivers to have. The following article will help you narrow down your options so you can figure out the perfect insurance coverage for your unique situation.

You need to understand what kind of coverage types exist before you buy. There are many different situations that come into your final cost of insurance. Bodily injury insurance can cover costs associated with death and injury claims if you were to hit someone.

You can purchase insurance that covers more than just the legally required minimums. You will have a higher premium with these, but your premium may be more. Uninsured motorist protection is a means to protect yourself in an accident that is caused by an uninsured driver.

Think long and hard about what type of insurance coverage you need on your auto insurance. There are myriad options out there, but they may not all make sense for your situation. If you are prone to accidents, you would be wise to pay for collision coverage.

Property damage liability is a very important thing to include in your auto insurance policy that you must get. This portion of liability coverage will pay for any property in the event you have a car accident. Most states actually require this liability.

Sports Cars
Trade-in your sports car for a more insurance friendly vehicle. Sports cars cost significantly more in insurance costs because they are also more likely to be stolen.

This strategy carries some risks, but so long as you save money to cover anything insurance won’t, it can be an excellent way to cut costs. Your insurance rate will often be considerably lower if you choose the higher deductible.

Insurance rates vary due to the chances of theft or accident, and in general rural areas and suburbs have lower rates than cities.

Even going a few days without auto insurance is taking quite a large risk because unfortunately, and your state may even fine you.

Don’t buy your teenager a car. Adding a teenager to a family plan will be much cheaper. Some companies offer discounts for students that get good student grades.

Not all insurance providers are the same. If you receive a quote you feel dissatisfied with, check out the rates at some other insurance companies before you make your decision.

Conversely, the fewer points you have on your license, you can see your insurance rates decrease as well. When they go away, ask your agent for a new quote based on your current status.

Get rates from different insurance agencies before you select the right one to get for your automobile. You will likely have to shop around in order to find the best one.

Talk to your agent if you’re thinking of switching companies due to a quote from another company with better rates.

Consider the cost of insurance rates before purchasing a new car. Keep in mind that safer cars are viewed favorably by insurance companies. You should always include this expense when deciding which car you are purchasing a vehicle.

100/200/100 level liability coverage is a great thing to include in your auto insurance policy if you have an expensive car.

Before you make a change in your car insurance provider, check to see if you have any unpaid parking tickets or any other traffic violation. Insurance companies will check your driving history, and they will not look kindly on things like not paying fines. This is morally correct and it also improves your insurance premiums.

A potential 10% discount off your bill is pretty nice.

If you want to obtain a low premium on your insurance policy, start by choosing the highest deductible. If you have to pay a high deductible, it means you’re responsible for any repairs, but you can get protection from total loss or to other’s property.

This is also true as well if you install these features on an older car.

Taking public transit to and from work may also lower your premiums. Try riding with coworkers if you can’t do that.

AARP or some credit unions may make you eligible for lower rates on auto insurance.

You might be able to lower insurance premiums by relocating to another city or state. Premiums and insurance requirements can vary widely depending on your geographic location. You may be able to save money on auto insurance if you decide to move somewhere else.

Make sure that any vehicles you no longer own are removed from your insurance policy. Having insurance on something you don’t have or use can add up quickly to wasted premiums being paid.

Consider eliminating the coverage of a rental in your policy. You probably will never have to use the service, or will rarely use it. If you want to save money on your policy, remove it.

Group Rates
Ask your employer if they special group rates for their employees’ auto insurance. Some employers will work with insurance companies to acquire group rates.

Do not risk driving without auto insurance! If you have car insurance, you can protect yourself in the instance of a car accident. In this article, we have provided some valuable tips which can help you to find the auto insurance plan that is best suited for you.

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