Auto Insurance

What to Do When Your Home or Auto Rates Increase

Buying a home or auto insurance policy can seem daunting, but it’s worth it. When things go wrong, you want to make sure you — and your assets — are protected. In the end, insurance can help bring peace of mind. But after going through the insurance purchase process, you may see your home or auto insurance rates increase. It’s pretty common. Later on down the line, your rates increase. This can be frustrating and confusing. You put in the work, did your research, and decided on a policy that met all your needs. Now, you’re looking at the bill and you’re not sure why it’s suddenly more expensive than what your original commitment. If the price of your home or auto insurance has gone up, there are a few things you can do to help bring the price back down within your budget. Understand Why Home or Auto Rates…

Five Ways to Lower Home and Auto Insurance Costs

Insurance may not be the most exciting purchase to make, but it’s an important one. When it comes down to it, the purpose of insurance is to ensure protection of our assets. We have life insurance for ourselves, but home and auto insurance protect the assets we’ve worked hard for and assist us in our everyday lives. When it comes to purchasing insurance – whether it’s home or auto, or both – everyone is looking for smart ways to save money. And you still want to receive the appropriate level of coverage to feel secure. Below are five ways to make sure you’re keeping your home and auto insurance costs as low as possible. Shop Around for Home and Auto Insurance How can you know you’re getting the best deal unless you shop around? According to J.D. Power*, only one-third of consumers shop around for new car insurance rates each…

Review This Information in Your Home and Auto Insurance Policies

Life changes, such as buying a new home, a new car, having a baby or sending your last child off to college can all be exciting moments, but they also allow time for reflection. One of these reflections can be focused on re-evaluating your insurance needs. It’s important to consider these life events and ensure you still have the best Home and Auto Insurance policy for you and your family. Why You Need an Insurance Checkup Oftentimes, changes in our lives translate into new needs when it comes to insurance coverage. Insurance policies need to change along with you. By conducting an insurance checkup, you can make sure that you’re not left exposed by being underinsured. And you can also make sure you aren’t paying too much. Even if you haven’t experienced a recent life change, it’s a good habit to review your insurance policy each year — at a…

How to Successfully File a Car Insurance Claim

No one likes thinking about being in a car accident but with more than 140,000 million Americans on the road daily, many of them drowsy, texting or otherwise distracted, the odds are you’ll experience at least one accident during your driving career.  We’re not suggesting every time you get behind the wheel you dwell on the idea of an auto mishap but knowing ahead of time what you need to do if you’re caught in one can make all the difference when it comes time to file your car insurance claim. Steps for Filing a Car Insurance Claim Whether it’s a fender-bender or major mashup, the idea of dealing with insurance adjusters and claim forms can be nearly as stressful as an accident itself. Take these steps before and after a collision and you’ll be able to handle the experience like a pro. First, be prepared by keeping the following…

Home and Auto Insurance Policy Basics

Summer is a busy time when people are on the move. But even if you aren’t getting a new address, it’s the perfect time to review home and auto insurance basics to make sure you have the right insurance coverage for you.  Before you get started, it’s helpful to understand home and auto insurance basics. We’ve outlined them for you below so you will be in-the-know when you talk to your SelectQuote licensed agent.  Auto Insurance Comprehensive Coverage Sometimes accidents happen. Maybe it’s a natural disaster, such as a flood, tornado or earthquake. Or maybe your car was damaged while parked at the store, stolen or vandalized. Whenever damage occurs, such as non-impact physical damage, theft and unoccupied accidents, comprehensive coverage covers your loss Liability Coverage Liability only is when a policy only includes coverage for bodily injury liability and property damage liability. It protects the people in the other car…

4 Tips for Buying Car Insurance

Like most things in life, a one size fits all policy doesn’t exist when buying car insurance. State minimums are a good place to start but those often don’t provide enough coverage to protect you and your family. Depending on your car’s make, year and model, a car insurance policy containing full collision coverage and all the bells and whistles may be too much. So how do you go about buying car insurance that offers the right amount of coverage at the best value? The key — talking openly with your insurance agent. Tip #1: Shop Early The best time to shop for a new car insurance policy is before your current policy expires, when a new driver is coming on board, or when you purchase a new vehicle. You can typically get a discount if shopping before your current policy expires. Start looking 30 days ahead of your policy’s…

Car Maintenance and Repairs: Tips to Save Money on Car Insurance

One way to save money on car insurance is to keep your car in tip-top shape by focusing on car maintenance and repairs. But keeping up on those tasks, you may also be able to save money on your car insurance. Think about it. If you’re in a wreck and file a claim, there are car repairs you have to make and those you don’t. Regular car maintenance and repairs help prevent accidents, which could help lower your annual car insurance premiums, saving you money on car insurance. Car Repairs After an Accident  In many cases, you will file an insurance claim for anything beyond the very minor fender-bender. Car repairs are not always necessary, depending on the damage. Assuming you have full coverage—and your vehicle isn’t declared a total loss—your insurance claim will likely award money for repairs to the vehicle’s body, frame and/or drivetrain. Do you have to…

How Much Car Insurance is Required in Your State?

Without car insurance, the financial consequences of an accident can be devastating. Car insurance requirements by state vary so it’s good to know what is required where you live. But, most states insist you have car insurance to drive a car so it’s important to have the right amount of coverage. If you’re buying a new car, adding a driver to the family, or moving to a new state, now is the time to revisit your automobile insurance policy. Ensure you hold the required amount of car insurance, at a minimum, to protect you and your family should an accident happen. Car Insurance Requirements State-by-State Car insurance is a conglomeration of many different policies. Every state has its own requirements for the policies you need to hold. Some require you to carry liability insurance, others add on personal injury protection, and underinsured/uninsured motorist coverage. Liability insurance protects the people in…

Your Kid’s at College – Do You Keep Insuring the Car?

Should you keep your college student on your car insurance policy or have them take out their own car insurance policy when they go away to school? There’s not one right answer. For college students, car insurance premiums can vary widely due to factors such as vehicle type and age, the miles the student drives each year, where the vehicle is garaged, the grades he or she gets in school and driving record. All of which raises the question, are there reasons to keep my college student on my car insurance policy? Or is is better to have them take out their own policy? What if they don’t even take the vehicle they drove through high school to college? As you might expect, there is no single answer. But there are some basic guidelines for making the right decision. Reasons to Keep Your College Student on Your Car Insurance Policy…

Leasing a Car – Does it Make Sense for Your Money?

According to data at Statista, about 30 percent of Americans lease their vehicle. Are they onto something good or are they making a huge financial mistake? Let’s take a look at how vehicle leases work, pros and cons of leasing a vehicle, how a vehicle lease impacts your auto insurance, and whether or not a vehicle lease makes sense for you. How Car Leases Work When you buy a car, with or without a loan, it is clear you own the car. And it’s clear what happens when the loan is paid off. With a lease, things work differently. Rather than owning the car, people with a lease are essentially long-term renters. With a lease, you make a regular monthly payment for a fixed period of time. There may be some additional costs based on how many miles you drive. At the end of the lease, you have the option…

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