All posts tagged auto insurance

The First Four Things Your Should Do After Being In A Collision

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Being in an auto accident can certainly be an extremely frightening experience. Even still, you need to keep your wits about you directly after a collision. What you do next can determine if your finances or even your health will take as much damage as your vehicle. Below are the first four things you should do directly after a collision.

Get Medical Attention

If there is any possibility that anyone in either vehicle involved in the crash was injured, the first thing you should do before anything else is call for an ambulance. According to IIHS.org, there are over 30,000 vehicle related deaths a year. However, with proper medical attention, lives can be saved. You should also keep in mind that the seriousness of some injures such as whiplash may not be immediately apparent. Play it safe and call 9-1-1 if needed.

Call the Police

Another thing you must absolutely do is call the police. If you don’t call the police, you will never obtain a police report regarding the accident. According to the DMV, you should be able to obtain the police report a week after the accident. This will insure that the other party involved in the accident won’t be able to lie or shift blame if the details of the accident are disputed.

Swap Insurance Information

To make sure you aren’t held liable for any damage, you must swap insurance information with the other driver. After doing so, call your insurance company immediately. If they aren’t made aware of the crash right away and aren’t able to contact the other driver’s insurance company to work out the details, there is a possibility you may be accountable for your own repair costs, medical costs and other costs related to the accident.

Contact an Attorney

Sometimes accidents result in lawsuits. This is for good reason too. Insurance may refuse to cover all the expenses related to an accident. The other driver may not have insurance and may have been acting negligently. In some cases car insurance may not be able to cover things like lost wages and pain and suffering, that is why it’s a good idea to seek help from an attorney such as those at Snyder & Wenner, P.C. . Sometimes, compensation for these has to be obtained in court.

Being involved in an accident can be very stressful. Even so, you must take the correct actions after an accident. Not doing so can have great ramifications for your health as well as your financial livelihood.

How To Save Money On Auto Insurance

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Auto insurance is a necessity for drivers, because every state in the U.S. requires it and because it offers important protections that all drivers can benefit from. This doesn’t mean you can’t still try to save money when shopping for a policy that offers you sufficient, dependable protection. Thankfully, it’s both legal and smart to save money on auto insurance, and here are three ideas to help you accomplish that.

Improve Your Driving Record

Even if you haven’t had any accidents, your driving record plays a huge role in the auto insurance rates you’re quoted. If you’ve had a few speeding tickets, been cited for running stop signs or going through red lights, insurance companies are going to see you as a high risk customer and will charge you higher rates. This isn’t a label that has to stick to you for life, though. You can make an effort to follow safe driving standards and make sure you go a year or more with no citations and get your rates reconsidered.

Try Bundling Policies

The more policies you have through one insurer, the cheaper the overall bundle is likely to be. Whether you need renters insurance, home insurance, or life insurance along with your car insurance, getting all policies issued by the same company can result in significant discounts on not just car insurance, but all the policies issued by that carrier. Bundling like this can really help you save a lot of money in the long run.

Comparison Shop

If you were looking for a home to buy, you probably wouldn’t purchase the very first one you visited without at least taking a look at several others. You should also not purchase the first auto insurance policy you get a price quote for without comparing that quote to the quotes of other companies. There are many different agencies and online services that can help you compare premium quotes to make sure you get the best deal for the most comprehensive coverage.

For many drivers with busy lives and specialized insurance coverage needs, the best option is to try getting good quality insurance from somewhere like Great Northern Insurance Agency. When you work with an agency like this, you gain the benefit of a dedicated, knowledgeable staff that can save you time and help steer you toward discounts. Instead of trying to accomplish your insurance shopping alone, call on great agents and agencies that you know will give the service you deserve.

Understanding the Ins and Outs of Car Insurance

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When it comes to car insurance, you have to have it, but you hope to never have to use it. That makes it important to pay as little as possible for the coverage you need. Fully understanding how car insurance works can help you get the right coverage and not pay too much for it.

Types of car insurance

Liability is the minimum amount of insurance coverage mandated by just about every state and provides coverage in an accident that you cause. If you have a loan on your car, you will be required to carry collision, which covers damages to your car, and comprehensive coverage, which provides coverage for damage caused by something other than a collision, such as hail. Other types of coverage include uninsured motorist, which will cover you if you are hit by a person without insurance or who is underinsured, and personal injury protection, which is a type of coverage that pays for injuries to your passengers.

How rates are set

While your driving record, including how many accidents and tickets you have gotten, plays a big role in what kind of rates you get, insurance companies consider many other factors. Your age, sex, where you live and what type of car you have will help determine your rates. For example, if you are a teenage male, your rates will likely be very higher because statistics show that most severe accidents are caused by young male drivers. Young female drivers also have higher rates, but they tend to be somewhat lower than young males. Other factors that are considered in your insurance rates are the grades you get in school, and if you have already been in an accident or involved in some other traffic violation. Any traffic or accident that you may be involved in can also cause your insurance rates to go up later even after purchasing your insurance. Also note that, some insurers even consider whether you have a high credit score in setting your rates.

Being proactive

While you can’t do anything about some characteristics used to set rates, such as your age and sex, there are other things you can do to pay less. A perfect example of this is going to driving school. Taking a driver’s education course, especially if you are a young driver, will lower your rates. According to North Shore Driving School Ltd., most insurers give significant discounts to drivers who have taken a driver’s ED class or a defensive driving class.

Other ways to lower rates

In addition to taking driver’s ED, there are a number of other things you can do to help lower your rates. If you are a student, getting good grades is even more important than going to driving school. Bundling policies by getting more than one with the same insurance company will get you discounts and save you money on rates. You can also lower the rates you pay by agreeing to pay a larger deductible.

Car insurance doesn’t have to be expensive, and there are a number of things you can do to lower your rates.

The Big No-No’s of Car Insurance: A Look at the Biggest 5 Mistakes You Can Make

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While car insurance is a requirement, paying an arm and a leg in monthly premiums is not. Each year, thousands of consumers across the country purchase car insurance blindly, without finding out the best ways to maximize monthly premium savings. Before you hand over your hard earned cash for car insurance, avoid the following five biggest mistakes you can make when getting quotes from agents:

Rushing the Process

Because the process of shopping and buying insurance can cause massive headaches, consumers understandably want to get it over with as soon as possible. Like any other major purchases, rushing through the process can be a mistake. Be prepared to answer a variety of questions and complete some tasks that can save you money prior to getting quotes.

  • Get a printout of your driving record from the DMV. You’ll be able to have an accurate picture, and may be able to dispute any records that appear when you apply for insurance.
  • Take defensive driving course. If you have a poor driving record, this will greatly reduce your monthly premium.
  • Always ask for discounts. There are many discounts that both you and the insurance agent are likely overlooking. Remind them to look at any potential discounts that might be missing.

Choosing the Wrong Deductible

The deductible you choose plays a large part in how high or low your monthly premium will be. Choosing a higher deductible means your premium will be lower, but you’ll have to shell out more cash if you’re involved in an accident. A lower deductible means a high premium payment but will require less out-of-pocket money after a collision. Be sure to consider how the price of your deductible will work into your monthly budget before signing on the dotted line.

Always Read Before You Sign

Like any other contract, signing an insurance contract binds you to its terms and conditions. Take time to read through the paperwork. While it may take several minutes to complete, it could save you money in the long run. Finding out later after you’ve been involved in an accident that you’re not covered because of a clause in your contract can lead to a huge, unexpected dent in your expenses.

Buying Too Much Coverage

How much do you really care for your old beat up car? Do you really need full coverage or a large deductible? Buying too much coverage for your car is a mistake people make every day. If your car is more than a decade old, you’ll likely only need the minimum amount of insurance required under state law. Double coverage is also an issue that can cost you hundreds of dollars every year. Towing and vacation coverage clauses aren’t needed if you’ve got those covered when using your credit cards.

Everything Must Be in Writing

Some agents might promise everything under the sun, but may forget to leave some details out of the contract. Get everything in writing before you sign on the dotted line. Not doing so could potentially leave you open for financial headaches down the road.

Saving money while getting enough coverage should be your top priority when purchasing car insurance. Ask for a policy and cost breakdown so you have a better chance of cutting out coverage that you don’t need. The more informed you are about your own policy, the more likely you are to save money.

The information for this article was provided by the professionals at Steers Insurance Limited, who provide car insurance in Corner Brook.

Car Insurance: 3 Benefits to Having Your Own Insurance Agent

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Having your own insurance agent is a good way to keep your insurance simple. You may have been happy with service you got from the corporate office, but there is a great deal you can do when you have an insurance agent who is focused on you. These private businesses are there to service customer accounts while also providing assistance to the community at large.

Personalized Service

When you are working with your own insurance agent, they know you inside and out. They are able to keep up with you, and they know what your specific needs are. When you call them because you have purchased a new car, they know that you likely want the same insurance as you did before. When you have kids, they know that you need comprehensive coverage for the family car. They may also recommend collision coverage for the car you drive to work so that you can save money (Source: Meyer’s Insurance Ltd.).

Something that can’t be stressed enough is that having an insurance agent personalized. They can help you anytime with any issues that you may be having with your insurance. With that said, many people are getting their insurance online now which often takes away the benefits of having a personalized agent. Dealing with insurance on your own and over the internet can be complicated and confusing. There is no personal touch with it that an insurance agent can provide. Also, the quality of customer service tends to be lower online than with your own agent.

Savings

Most people who are looking for savings will only get those savings from their local agent. The local agent spends most of their time trying to figure out how to save money for their customers. The agent makes commission on each policy, and they need to make sure that all customers retain their policies. If the agent is able to save you money, you are more likely to stay with them.

The agent also knows all of the discount programs that are specific to your job, your area or the size of your family. You get personalized service from someone who is spending all day trying to help people just like you. Your insurance agent will disclose any and all discounts that are available to you, but don’t be afraid to inquire about other discounts that you may not yet be able to qualify for as your agent will give you information about how to be able to qualify for those discounts as well.

They Are Close

The local insurance agent has an office in your community that you can visit at any time. The local insurance agent also has a phone number you can call directly. You never have to wait for a customer service agent to answer the phone, and you do not need to wait for someone to get back to you. The insurance company is not distant from you, and you know that other people in the community can give you extra information about working with the agent.

When you are working with your own insurance agent, you will find that you save more money, get better service and better policies. The local agent is committed to you and your community. Also, the local agent knows how to help you get just the insurance you need.