Tag: Insurance Agency

Things to Know When Buying a New Vehicle

What do I need to consider when deciding which vehicle to buy?

Different vehicles cost more to insure; some of these things that go into insurance cost include vehicle performance, cost of vehicle, cost to repair, and theft potential. The color, although many believe otherwise, does not have an effect on your insurance premiums. To research different vehicles you can visit the Insurance Institute for Highway Safety website.

Do I need to contact my insurance agent before or after I purchase the vehicle?

If you currently do not have a vehicle insurance policy, then you will need to have that arranged before you can leave the lot with the vehicle. If you currently have a policy, you usually need to follow up with your agent within 10 days of the new purchase.

What information do I need to have before contacting my agent?

The vehicle’s year, make, model, VIN number, lienholder information (if there is a loan), the primary driver, and how you will be using the vehicle (an estimate of how many miles each day).

Are rates more important than coverage?

You want to keep the rates as cheap as possible, but you also need to consider the coverage that comes with those rates. You don’t want to have to pay more out of pocket just because your insurance doesn’t cover you if you are in an accident. Here are some trends in state regulation and insurance rates.

Are there any insurance discounts available?

Yes, the most common discount is the multi car discount that many insurance companies will give you for having more than one vehicle on the same policy. There can also be discounts available for being a long term customer, or having multiple policies with the same company.

Ready for Your New Driver in the Family?

Is your teen getting ready or has just earned their driver’s license?  We can provide some great points to think about regarding insurance, safety and saving money.

Understand the Facts and Risks of Teen Driving 

Many actions can help keep your teen minimize accidents while learning how to handle themselves behind the wheel of a car.  As a parent, you play an important role in educating and making sure your child understands the risks and responsibilities of driving solo.  You can learn more details on these actions.

  • Use a seat belt
  • Driving for Weather Conditions
  • Peer Pressure
  • Distracted Driving
  • Speeding
  • Alcohol Use
  • Poor Visual Scanning
  • Difficulty Judging Space and Time

Insurance & Vehicles

You need to consider 3 things when you teen starts to get their drivers license.

  • Finances
  • Readiness
  • Involvement

You can learn more on how to save money on car insurance.

Teen Driving Distractions

Distracted driving is one of the most dangerous temptations for a newly licensed teen driver.  You can  learn more on the State Driver Distraction Laws and how parents can discuss with their teen how cell phone usage affects driving capabilities.

Keys2Drive is a great resource to help parents discuss with their teens about important safety and cost saving facts about driving.