What Determines Car Insurance Rates

  Your auto insurance is based on more than your history as a driver. The amount you pay for auto insurance is determined by a complicated algorithm that takes many factors into consideration. Your driving history is just one variable used to calculate your rate. Read on to learn more about what auto insurance carriers look at when they determine your premium. Age is a key factor.  Younger drivers are considered the riskiest to insure due to their lack of experience behind the wheel. Most insurance carriers consider a “young driver” to be [...]

2024-04-16T13:25:31+00:00April 16th, 2024|

Hard Market FAQ

After decades of low premiums and abundant capacity - their willingness to accept new or increased risk –  the insurance market is experiencing a hard market. This is when premiums increase, coverage terms are restricted, and competition for most types of insurance decreases; in other words, insurance is getting more expensive and harder to find. A hard market can lead to a ton of questions. Let’s look at a few and go over the answers. What is a “hard market” in insurance? A hard market means insurance companies are raising rates and restricting [...]

2024-02-06T16:43:12+00:00February 6th, 2024|

Hard Market 101

You’ve already heard about how inflation is affecting everything, including insurance premiums and claims. Rates are rising and insurance is becoming harder to get. This situation is what we in the insurance industry refer to as a “hard market.” What causes a hard market? Hard markets are caused by many factors, these can include increased underwriting loss – a loss made by an insurance company in a particular period- , increases in natural disaster claims, increased litigation costs, and increased economic challenges. All of these factors make it more expensive for insurance companies [...]

2024-02-06T16:37:43+00:00February 6th, 2024|

What Is Gap Insurance?

Purchasing a new vehicle can be exciting and overwhelming! You go to the car lot, test drive dozens of vehicles, find the perfect one, and now are sitting at a desk signing what feels like a thousand documents. The salesman asks if you want a warranty, special add-ons, gap insurance, and more… with each option adding additional costs if you say yes. It’s easy to say no to all of the above as the vehicle itself is already so expensive but wait! You may want to reconsider saying no to gap insurance. Gap [...]

2023-03-31T15:15:32+00:00April 16th, 2023|

Preparing Your Teen For Winter Driving

Winter driving can be intimidating for anyone, but it’s especially overwhelming for new drivers who may not be as comfortable behind the wheel. Snow and ice can make driving conditions dangerous and preparing your teen drivers properly could save their life. Having a conversation with your teen about the dangers of driving in winter weather is a great way to help prepare them. Share some of your own experience and some winter driving dos and don’ts such as: Do Take it slow. Traction is one of the biggest challenges when roads are icy [...]

2022-12-06T12:00:47+00:00December 6th, 2022|

Don’t Let Your Employees Drive Distracted

From restaurants with delivery drivers to corporate entities that give their staff vehicles to use when meeting clients, vehicles are driven by employees are an important piece to many businesses. However, relying on vehicles driven by staff exposes you to a huge threat… Distracted Driving. Actions like using a cell phone, fiddling with your GPS, or eating while driving can lead to a serious accident. Distracted driving is dangerous in ideal conditions but add in bad weather or traffic and it could be disastrous. It is important to have practices and policies in [...]

2022-06-01T18:29:33+00:00June 5th, 2022|

Routine Maintenance Every Driver Should Consider

We rely on our vehicles to get us everywhere we need to go when we need to go there. In return, our vehicles rely on routine maintenance. It takes making sure that things like tires, brakes, fluids, filters, and more are in order for your vehicle to remain safe and dependable. There are a lot of moving parts, let’s take a look at some routine maintenance every driver should consider. Check and Rotate Your Tires. Nobody likes a flat tire, but it is one of the most common issues drivers face on the [...]

2022-06-01T14:48:45+00:00June 5th, 2022|

Insurance Gaps You Face When You Rideshare or Deliver and How We Can Help – Uber, Doordash, and More

Services like Lyft, Uber, Doordash, and GrubHub are popping up all over the country. These services make life a little more convenient and give people new income sources. When you work for one of these services you get to set your own schedule, meet new people, and put extra money in your pocket. However, there is a huge risk factor that isn’t discussed often… Rideshare and Delivery Driver Insurance. When you drive or deliver for one of these services, you may not be as covered as you think when it comes to your [...]

2022-02-14T13:58:02+00:00January 30th, 2022|

Insurance Needs for New Graduates

Congratulations! Graduating from college is a huge accomplishment. The next few months are going to be filled with so many firsts, from your first career job to a new apartment or vehicle, life is sure to be full of changes. As you transition from college student to full-fledged adulthood, you want to make sure to not overlook one of the most important firsts. Insurance. Insurance may not be as exciting as buying your first new car or starting your dream job, but it is an important “first”. Having insurance can help set you [...]

2021-07-27T14:03:05+00:00May 30th, 2021|

Classic Car Coverage

Classic cars are very different than your typical everyday use vehicle. You likely drive it less frequently and store it more securely. Not to mention all the time, money, and effort you put into maintaining or restoring your classic car. You probably know your car’s value to the nearest dollar and care more than most car owners about every little piece of your classic car. It is important to make sure that your classic car policy includes all the finer points you need. What is a classic car? Classic car insurance can cover [...]

2021-07-27T14:53:11+00:00April 11th, 2021|
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