Category Archives for Auto Insurance

When You are Comparing Auto Insurance Quotes

Shopping around for auto insurance is the best way to make sure you are getting the best deal.  But not every agent or insurance company quotes in the same way.

It’s important to be sure you are comparing apples to apples when you compare auto insurance quotes to ensure that you are getting a great deal.  That low price may come with lower coverage or higher deductibles and might not be such a great deal after all.  Learn how to compare auto insurance quotes for a truly good rate.

Are The Coverages The Same?

When you read over an auto insurance quote (and do read it-ask for it to be emailed or faxed to you, as mistakes can be made over the phone!) look to be sure that the numbers listed for liability limits, uninsured motorist coverage, and the comprehensive and collision deductibles match up.  Then look for additional coverages that are listed on the quote, such as roadside assistance.  Make sure that all of the quotes you compare list exactly the same coverage, for accurate comparison.

Is The Policy Term The Same?

Some rates look absolutely incredible-until you realize the policy term is only six months.  Some companies offer different policy terms as well as different payment plan options.  If you plan to make monthly payments on your policy, be sure to ask for the monthly premium.  It isn’t necessarily as simple as dividing a yearly premium by twelve.  Many insurance companies charge fees for the privilege of paying your premium on a monthly basis, which can make the total yearly cost of the policy higher than quoted.

Are The Discounts The Same?

An auto insurance rate may appear lower because it was quoted with a discount such as auto/home which you may not necessarily qualify for or desire.  If you don’t plan to take out a homeowner’s policy with the same company, make sure they haven’t quoted it that way.  Also check for other discounts; they won’t all match up, as every company offers different discount options.  The best thing to do is to compare which discounts you do qualify for, with each company, to help determine who is offering the best discounts.  Be on the lookout for discounts that don’t actually apply to you and will likely be removed by underwriting after you accept the policy.

A good quote will be simple, straightforward, and easy to read.  It will outline all of the coverage included in the quote and apply only those discounts for which you truly qualify.  An inaccurately low rate in the quote won’t do you much good if it changes once you accept the policy.

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Auto Insurance Discounts

You probably hear a lot about auto insurance discounts; television commercials for various companies strongly advertise all the discounts they have Beautiful girl enjoying her new caravailable. Most insurance companies do have many ways you can qualify for better rates, and some of them are better known than others. Although you won’t qualify for all of the discounts, you can make certain you are getting all the appropriate discounts on your premium.

Multi-policy Discounts

Insurance companies want to get as much of your business as they possibly can, so they offer good discounts when you add more policies to your account. Multi-policy discounts can include options such as multi-car, auto/home, auto/life, and many other combinations of policies. Some companies even offer a discount if they insure your boat or RV. Qualifying for these discounts is easy; simply start a second policy with your insurance company, and the discount should apply.

Good Driver And Longevity Discounts

These discounts are easy to qualify for as well. If you have a good driving record, you should be getting the discount automatically. The same usually goes for a longevity discount. This is a discount that applies to your policies after you have been with a company for a certain period of time. Often the longer you continue to renew the policy, the larger the discount will become. The key to longevity discounts is to stay with one company long enough. Skipping from company to company for lower rates may not save you as much in the end as staying in one place.

Discounts For Younger Drivers

There is no question that adding a young driver to your policy can be an expensive proposition. If you have a teenager new to driving, inquire about a good student discount that can alleviate some of the cost. You will likely be required to provide a transcript proving your child has the required grade point average to qualify. Some companies also offer a new driver training course, and your young driver can qualify for a discount just by taking the course. It can usually be done right in your agent’s office. Not only will you save money, but you will help put safer young drivers on the road.

These are just a few of the discounts you may qualify for with your insurance company. Each company is different, so be sure to ask your agent so that you don’t miss out on potentially big savings on your premiums.

 

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If You Let Your Auto Insurance Coverage Lapse

car-insuranceIf you let your auto insurance coverage Lapse it doesn’t seem to be that serious of a matter on the surface. It is not only illegal to drive without insurance; it can also have much more serious consequences than a ticket for driving without insurance.  A lapse in auto insurance can have far-reaching results with the potential to affect your entire life.

 

Legal Aspect

 

All drivers are required by law to carry a minimum liability policy in order to get behind the wheel. This protects all of the drivers on the road by ensuring that in the event of an accident, the at-fault party will have insurance to pay for the damage and in some cases have to carry a sr-22 filing.

 

Financial Consequences

 

If you think you can’t afford to pay your insurance premiums, then you really can’t afford not to pay them. If you are involved in an accident where you are found to be at fault, and there is no insurance to pay the damages, you will be responsible for the first 10,000 dollars if you cannot they will suspend your licence. In a more serious accident with a lot of property damage and injuries, this can add up really quickly.  You may not have the thousands of dollars to pay the bills, but with a judgment against you your wages can be garnished and other assets placed in danger.  Not paying that insurance premium can lead to paying off a huge amount of money for the rest of your life.

 

Future Insurance Premiums

 

Some insurance companies won’t even take a driver who does not have previous insurance, while others will simply charge you a higher premium. A lapse in your old policy can mean that you will no longer qualify for the rates you were getting before.  You may lose discounts including longevity with your insurance company, or be treated as a higher risk to the company.  You may also have to make a new down payment or pay reinstatement fees.  It can take a while to work your way back up to getting the better rates reserved for the company’s best customers.  Some insurance companies may also have a limit on the number of times you can lapse before they refuse to reinstate you.

 

A lapse in your insurance policy can be much more costly than had you simply continued to pay your premiums. If you are having trouble paying your insurance bill, talk to your agent about ways to reduce your prices, rather than allowing a lapse to occur in the first place.

 

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Understanding Why My Car Insurance Is So High

Car insurance rates are dependent on a number of factors, and understanding what your rate is based Auto Insurance Lakeland, Floridaupon can help you determine whether you are getting the best deal available. Here are some of the criteria your auto insurance rate is based upon; this will give you a better idea of the factors determining your rate and what you can do to get the best rate possible.

Age And Experience- These two factors can have the biggest influence on the rates you will be paying for your auto insurance. It had been shown that young drivers are involved in more accidents than more mature drivers. Experience has also been shown to be a factor in accident rates. In most cases, however, an older person who is a new driver will have lower rates than a younger new driver.

Location- Where you live also has an effect on the auto insurance rates you will pay. Areas with more traffic, higher accident rates, and more dangerous weather conditions are seen as bigger risks, and as a result the drivers in these locations are forced to pay higher rates.

Type Of Vehicle You Drive- Several factors related to the type of vehicle you drive will influence your auto insurance rates. Newer cars cost more to repair and replace and therefore you will pay higher rates to insurance a newer vehicle. The make and model or your car, and even the color, can affect your premiums.

Credit Score- While it may not seem obvious or even fair that those with lower credit scores should be seen as higher risk drivers, your credit score does affect your insurance rates.

If you are concerned with the rates you are paying for your auto insurance, it is always a good idea to shop around, even if you’re not due to renew for a while. It will give you a better idea of whether the rates you are paying are fair, and help you find an insurance company that can offer you a better deal once your renewal date has come up.

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Buying Car Insurance Online

Before you purchase your car insurance online there are a few things about online car insurance companiesMan And Woman Having Argument After Traffic Accident that you should know to keep yourself protected, and to make sure that you get the best rate you can.

Finding A Reliable Provider

The most important part of purchasing any type of car insurance policy is ensuring that you are choosing a reliable company that can provide you with the type of professional product and service you need. While finding an insurance company that can give you the products and services you want and need in the real world can be confusing enough, spreading your search to the World Wide Web presents a whole new set of potential concerns.

The key to finding an insurance provider online is to establish a set of criteria beyond the normal criteria you would use to select an insurance company. This includes evaluating whether the company you are looking at is actually a licensed insurance provider or possibly a scam. In general you need to look for:

A reputable company, such as Lock Insurance.

A quality website

Information about the company and contact information that is verified

Association with a professional insurance organization and proof of license

It is never a good idea to provide personal information about yourself online without knowing who has access to it, and whether it is being transmitted securely. If you are in any doubt it is a good idea to contact the company directly and discuss any reservations you have with them.

Buying auto insurance online can be convenient and safe, as well as a quick way to shop around, as long as a few precautions are taken. It is always your right as a consumer to ask questions, and being proactive online in any context is always a good idea.

 

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Why Do I Need An Auto Insurance Agent.

Many auto  insurance companies today don’t sell their policies through agents, but directly from the company autogirl1either online or over the phone. It might seem that having an agent to help you purchase auto insurance is a thing of the past, but don’t discount the auto  insurance agent just yet. There are some very good reasons to consider using an insurance agent for your auto policy purchase.

 

Agents Know Their Products

Many of the customer service representatives who handle the phones at large insurance companies know the basics of auto insurance policies, enough to help you select and purchase one. But insurance agents, especially those who have been around for a while, understand a lot more about coverage and policy limits. They can share with you a wealth of knowledge that will ensure you not only get the right policy, but the best rate and a good understanding of what you are paying for. An agent will help you select the best possible coverage limits to fit your needs.

 

Agents Are On Your Side

If the day comes when you need to file a claim, it’s always good to have someone who is truly on your side. Especially in a complicated claim, your agent can walk you through the process and be there to answer all your questions. An agent is also there to step in when there are disagreements with the adjuster or other involved parties at the insurance company. Because your agent knows all about the policy and how the claims process works, they will better be able to negotiate and discuss claims issues with your adjuster.

 

Agents Keep Your Policy Accurate

A good agent will take the time to review your policy regularly and make sure that everything is accurate and you are still carrying the coverage you need. An agent knows when changes in your life might affect your insurance coverage needs, such as a marriage or a child reaching driving age. Large insurance companies simply can’t provide that level of personal attention.

 

Are Agents More Expensive?

There is a general view that an insurance policy purchased through an agent will cost more than one purchased directly. That isn’t necessarily true. The best rate for you may well be one from an agency, so don’t discount quotes from agents when you are shopping for car insurance. You might get the best rate along with the service an agent can provide.

You might not feel that you need an agent for your auto insurance, but there are certainly some very good reasons to take the time to meet with a few and see if it turns out to be right for you.

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Benfits of Electronic Funds Transfer

fistcashIf you are like me, than you are probably on a budget. That being said, who wouldn’t want to save money if they could? Did you know that most all insurance companies offer a variety of ways to pay your insurance each month?

Like most bills, insurance is paid predominately on a monthly basis, however some people do opt to pay annually or semi annually. For the majority of us who pay monthly there are a number of options available to us.

 

Ways to Pay for Insurance

Many companies allow customers to pay via credit card, debit card, cash or through your bank using a routing and account number. Some companies charge for these services, however most do not.

 

I personally have found that the easiest, most efficient way of paying my automobile insurance is through Electronic Funds Transfer, also known as EFT is the transfer of funds from your insurance carrier for the purpose of premium payment.

 

EFT can be done through your credit card, debit card, savings or checking account.

 

More About Electronic Funds Transfer

Aside from the convenience of not having to write out a check, or call to make a payment, EFT is also a good way to avoid the dreaded late fee that is associated with simply forgetting to pay your bill on time, it also eliminates the monthly service charge you would otherwise have to pay.

 

For me, it’s a way to ensure that my insurance is paid every month on the due date. And more importantly, being on EFT saves me money, which helps with that budget I am on. Most insurance carriers, offer a discount for paying your insurance this way because it also saves them time and money.

 

Be care though and remember that EFT is an AUTOMATIC withdrawal from your account! If you are on EFT and for some reason need to change your withdrawal date make sure to give your agent enough time to change the date for you.

 

A lot of insurance carriers need at least three to five business days to change the withdrawal date. Also remember that if you are switching banks or have closed your account you must let your insurance agent know immediately so that this information can be updated, failure to do so can result in your policy being cancelled if your policy premium is not paid in time or funds are not available.

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The Benefits of Going Paperless

policyThe benefits of going paperless are many, the most important of those being, the money you can save by enrolling. The term going paperless simply refers to receiving your insurance documents, such as your insurance ID cards, your policy declarations and other documents via email instead of through the postal service.

 

The reason why this method of saves you money is simple, it eliminates the overhead cost associated with printing mailing documents through the postal service and therefore those savings are able to be transferred to you.

 

Most insurance companies offer a discount for electing to go paperless, usually saving you at least 5% on your insurance premium. Going “Paperless” is easy and your agent can enroll you anytime during your policy period. All you would need to get started is a valid email. You will in most cases have to answer a few questions in order for the insurance company to verify who you are but once this is done you will start receiving your policy documents via email immediately and your discount will typically be prorated depending on when you enrolled.

 

For a technology that you use everyday such as email, why not use it to your advantage. A phone call to your agent can save you not only time but at least 5% on your insurance policy.

Call your agent to see if “going paperless” is an option for you.

 

 

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How to Enjoy Your Motorcycle and Avoid Danger

bike1Motorcycle accidents are dangerous on many levels. Not only are you more likely to sustain an injury in a motorcycle accident than a car accident (in 2006, studies showed that there were 35 times more deaths from motorcycle accidents than from car accidents) but they can also be costly to insure. To make sure that you are safe on your motorcycle and your premiums stay low, here are some tips on how to enjoy your motorcycle and stay away from danger:

 

  • Always Wear a Helmet: Helmets can significantly reduce the risk of head injury in a motorcycle accident. According to the National Highway Traffic Safety Administration, for 37 out of 100 motorcycle fatalities could be prevented if the riders were wearing a helmet. Make sure your helmet meets the Department of Transportation standards, and keep one available for passengers as well.
  • Get Professional Training: Professional training can help save your life, as more than 90 percent of bikers who are involved in a motorcycle accident are self taught, or learned how to ride from a friend.
  • Wear Protective Clothing: Goggles, sunglasses, a jacket, gloves, long pants and boots can all be used to protect yourself from injuries like road rash.
  • Maintain Your Bike: Make sure to keep your bike in good working condition, frequently checking your brakes, tires, and lights.
  • Know Your Skill Level: Before you enter the main roads, make sure you are prepared. As a new rider, going on a busy highway is not the best place to test your new skills.

By keeping these things in mind, you will be more likely to stay safe on the roadways with your motorcycle. Even if you are being careful though, it is important to have insurance, as accidents can happen. Contact Lock Insurance today to learn more about our motorcycle insurance plans.

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Starting Your Teen Driver Off on the Right Foot

drivingSchool has started in Central Florida again, and many teens are driving themselves to school for the first time this year. If your child is one of them, you want to make sure that they are safe by speaking with an insurance agency in Lakeland, FL.

 

According to studies, vehicular fatalities are the leading cause of death for US teens. What can you do to make sure your child is not another statistic? First, make sure they are completely prepared for the roadways. Safe-driving courses can be a great investment (and they can lead to car insurance discounts, an added bonus!). Sitting down and discussing limitations with your child is also a good idea. While they may legally be allowed to drive at any time, or with any amount of people in the car, you may want to set limits (such as no driving after dark, or no driving with more than 2 passengers) until they are more familiar with navigating the roadways.

 

Making sure they understand the basic rules of the road as well.

 

While these are all tips that are gone over during safe driving courses and before they receive their license, it is important to remind them:

  • Do not speed – the faster your teen is driving, the harder it is for them to react to dangers around them, increasing the likelihood of an accident.
  • Always pay attention to the road – Not only should they make sure to keep their eyes on the road ahead of them, but checking their rear view and side mirrors is important too, and distractions like changing a song on an iPod should also be avoided.
  • Do not tailgate – along with not speeding, keeping a respectable distance between their car and the car in front of them will allow them more reaction time.
  • Use turn signals – if a teen is not properly using their turn signals, the cars around them may not realize they are about to turn, and a rear end collision could occur.

Even with rules in place, safe driving courses aced, and basic rules drilled in their minds, accidents can still happen. Because of this, it is important to have Lakeland car insurance for your teens. To receive a free quote for auto insurance, contact Lock Insurance today at 877-709-8101.

 

Don Westerfeld 9/20/2013 12:24:00 PM

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