Have you ever wondered why you need auto insurance? This video will show you why you need auto insurance.
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Archive for the ‘Insurance’ Category
Why You Need Auto Insurance
Sunday, August 21st, 2011
Louisiana Auto Insurance Rates Among Highest in United States
Thursday, April 22nd, 2010According to a recent survey, Louisiana continue to pay the nation’s highest rates for car insurance. Yahoo.com recently graphed the findings of the most expensive states to the least expensive states to insure an automobile.
| Rank | State | Avg. Premium |
|
1 |
Louisiana |
$2,510.87 |
|
2 |
Michigan |
$2,098.29 |
|
3 |
Oklahoma |
$1,869.39 |
|
4 |
Montana |
$1,857.96 |
|
5 |
California |
$1,774.41 |
|
6 |
South Dakota |
$1,772.83 |
|
7 |
Washington, D.C. |
$1,753.19 |
|
8 |
Georgia |
$1,751.42 |
|
9 |
Illinois |
$1,679.15 |
|
10 |
Connecticut |
$1,678.90 |
Source: Insure.com, from a study commissioned by Insure.com from Quadrant Information Services
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As you see, Louisiana ranked 1st among all states for the most expensive car insurance. So the question I have is why are automobile insurance rates so high in Louisiana?
To answer the above question, I discussed this with a friend (who will remain nameless since he occasionally cavorts with this personal injury attorney) who works in the automobile insurance field. Together, we identified (not scientifically of course) reasons why automobile insurance rates are so high in Louisiana. We identified the following as some of the predominant reasons automobile insurance rates are so high Louisiana:
- 1. High Number of Uninsured.
- 2. Low Incomes Resulting in Low Credit Scores.
- 3. Weather Related Losses (Hail and Storm Damage)
- 4. A Lot of Youth Drivers Having Their Own Cars.
Believe it or not your credit scores also play a role in your premiums. According to insure.com your insurance company probably sees a correlation between your credit history and insurance premium.
Many home and auto insurance companies use your credit information, filtered through a formula to create an “insurance risk score,” to determine how likely you are to file an insurance claim. Your premium bill could rise if you have a bad credit score, even if you haven’t filed a claim.
According to the Insurance Information Institute (III), insurance companies use these risk scores to help differentiate between lower and higher insurance risks and thus charge a premium equal to the risk they are assuming. Statistically, people who have a poor insurance score are more likely to file a claim, according to III.
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Progressive Insurance Launches Social Responsibility Web Site
Saturday, March 6th, 2010MAYFIELD VILLAGE, Ohio (BUSINESS WIRE) — Car insurance group Progressive is now formally reporting on its social responsibility efforts with a new Web site called “Progressive Together,” accessible at progressive.com/socialresponsibility.Progressive sees social responsibility as part of doing business in keeping with its Core Values, especially the Golden Rule–treating others as they would like to be treated.
This is the first time the company has pulled together all of its social responsibility activities into one place, but Progressive has been committed to acting in socially responsible ways since its founding in 1937.
Site visitors can learn about:
– Achievements and goals around efforts to reduce, reuse and recycle to secure a sustainable future;
– Information on Progressive business practices aimed at driving positive changes in car insurance;
– Charitable activities and contributions of Progressive employees, agents, and other partners;
– Progressive’s Global Reporting Initiative scorecard and Carbon Disclosure Project report; and
– Information and resources on how site visitors can personally make a difference.
Quotes: Progressive Social Responsibility Manager Wanda Shippy “At Progressive, being socially responsible isn’t new–what’s new is that we’re now formally reporting on our social responsibility efforts. People are becoming more interested in what companies are doing in terms of the environment and the impact companies have in their communities. We launched “Progressive Together” to make it easy for people to get a clear picture of what we’re doing and how we work with others to make a difference.”
“We call our social responsibility site ‘Progressive Together’ because it reflects our commitment to work with our communities, business partners and customers to create a better future together. We want the site to be a place where people can see what we’re doing and also see ways they can get involved if they choose.”
About Progressive The Progressive Group of Insurance Companies, in business since 1937, is one of the country’s largest auto insurance groups, the largest seller of motorcycle policies, and a market leader in commercial auto insurance based on premiums written.
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Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and innovative products and services that meet drivers’ needs throughout their lifetimes, including superior online and in-person customer service, and best-in-class, 24-hour claims service, such as its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States.
Progressive companies offer consumers choices in how to shop for, buy, and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat, and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Personal auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to http://www.progressive.com. Progressive also has a branch that sells car insurance policies online in Australia at http://www.progressivedirect.com.au.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at /quotes/comstock/13*!pgr/quotes/nls/pgr (PGR 17.28, 0.13, 0.76%) .
SOURCE: Progressive
Copyright Business Wire 2010
Easy 2nd Income String For Realtors and Mortgage Reps
Friday, February 19th, 2010Are you looking for a way to earn extra revenue while helping your clients and doing no extra work? Let me explain this very simple and exciting new program designed for Realtors to earn extra money.
We have designed a program that doesn’t cost you anything to take part, and once set up it works on auto pilot. You will be able to earn money and help your clients at the same time. This is a win-win every way you look at it.
Every Realtor knows that homeowners insurance is needed on every home purchase that has a mortgage. This is something that either the Realtor or the Mortgage rep has a conversation about with the client.
To read more or sign up for free go to:
http://www.quotematcher.com/affiliates/realtor.asp
Google Video World Most New Best Man Pic
Monday, January 25th, 2010What’s with that title? Read the story to find out more.
People want to know how to get there story onto the front page of Digg. Digg is huge and if you make the front page, Digg can send you thousands of visitors. The title of this story contains the 8 Most dugg words on DIGG that aren’t filler words like the, to, of, ect…
Here is there order:
1 Pic
2 Video
3 New
4 World
5 Google
6 Best
7 Man
8 Most
If you want to get a complete list of dugg words Check This Out.
Let’s see how many times this page gets dugg and if it shows up on the front page of Digg.
This information was brought to you by QuoteMatcher.com where you can Compare Insurance Quotes, Compare Contractors and Compare Home Service Estimates.
What No-Fault Auto Insurance Doesn’t Cover
Friday, January 22nd, 2010
No Fault Coverage
In most states, the no-fault law specifically excludes property damage liability for damage that you cause to the property of others. If you are at fault in such anaccident, you will be held liable and can be sued for these losses.
Only in a limited number of states does the no-fault law extend some coverage to damage you may cause another driver’s automobile. Furthermore, even in these limited cases, property damage liability coverage does not extend to your car. You must
buy a separate collision coverage to take care of this risk.
You should be aware that this is just general overview of no-fault laws governing insurance. For specific information about the no fault law and insurance in your state, contact your state insurance department. Most state insurance departments have written consumer information that will outline the specific limits and responsibilities for auto insurance in their state.
Complete a free auto insurance quote at QuoteMatcher.com and receive a free 12 page auto insurance buyers guide detailing and explaining multiple auto insurance coverage and car insurance discounts.
Today’s Insurance Safety Tips – Cold Weather
Thursday, January 21st, 2010It’s that time of the year again. The chill creeps into you bones. They also creep into the bones of you home and car. Make sure to take some preventive measure to make sure you home and vehicle are in tip top shape.
You Home. Make sure to turn off all water going to outside faucets as they may burst due to the cold. If you have any pipes in outside soffits that you can get to make sure they are insulated. Make sure outside gutters are clean. In winter run off water can collect and freeze and if gutters are clogged it may cause water damage to roof and beams adjacent to the gutters and downspouts.
Car Maintenance. Make sure your tire pressure is set correctly. This helps with tire traction during cold weather. Change your windshield washer fluid to a de-icer fluid during the winter. This way it won’t freeze and you can use it to clear morning frost from your windshield. Do a radiator flush changing your antifreeze this will help your car run better in cold weather. Other things to consider is to keep a warm blank and some packaged food/snacks in the car in case you break down and need to stay the night.
As always if you are looking to save money on your insurance. Take a look at Auto Insurance Quotes and Homeowners Insurance Quotes to compare rates from multiple companies by completing one simply form.
Useful Idaho Auto Insurance and Vehicle Registration Facts
Wednesday, January 13th, 2010Idaho Liability Insurance Requirements for Private Passenger Vehicles
Idaho Auto Insurance Liability Minimum:
* $25,000 for injury/death for one person.
* $50,000 for injury/death to more than one person
* $15,000 for damage to property.
NOTE: Operators of off-road all-terrain vehicles (ATVs) and motorbikes must comply with financial responsibility requirements when riding on public roads.
Financial Responsibility And Proof of Auto Insurance
Upon registering your vehicle you’ll be asked to sign a statement confirming your auto is insured. Idaho requires you to carry proof of insurance whenever driving your automobile. To comply with this you must have:
* An insurance identification card provided by your carrier.
* Proof of an indemnity bond provided either by your broker or the DMV.
Idaho first time registration:
There are several reasons you may need to register your vehicle for a first time, including:
* Established Idaho residency
* Purchased a used car from a private party
* Transferred ownership to you via gift, family or inheritance
Upon buying a auto within state lines, you have 30 days to register it. There is a $20 late fee if this time period is exceeded. If you are transferring a vehicle from another state, the 30-day clock begins the day you bring it into Idaho.
If you just became a resident of Idaho, you have 90 days to register with Idaho’s Division of Motor Vehicles (DMV).
NOTE: Before registering, you must first title your vehicle.
Idaho Vehicle Registration Renewal:
This service is currently available for registrants in the following counties:
Ada, Adams, Bannock, Bear Lake, Bingham, Blaine, Boise, Bonneville, Camas, Canyon, Caribou, Cassia, Custer, Elmore, Fremont, Gem, Gooding, Idaho, Jerome, Kootenai, Latah, Madison, Minidoka, Oneida, Owyhee, Payette, Shoshone, Twin Falls, Valley and Washington County
Commercial vehicles need to Use the Full Fee Vehicle Registration Renewal.
The following plate types can not currently be renewed online in Idaho: Boats, Classic, Dealer, Exempt, Legislative, Loaner, Off-Road, Old Timer, Repossession, Snowmobiles and Transporter.
Homeowners Insurance – How Much Do You Need?
Sunday, January 3rd, 2010
Your home is probably the biggest investment you’ll ever make, it makes sense to take measures to protect that valuable investment. The best way to safeguard your home investment is through homeowner’s insurance.
Don’t settle for just any homeowners insurance policy. Your home and your homes contents are unique and the amount of insurance you need depends on this and your personal requirements. But how much insurance is enough?
Here are a couple of ways for you to determine how much home owners insurance coverage is right for you:
Market value may not be enough
While it might be tempting to buy just enough homeowner’s insurance to cover the resale value of your home, this may be too low.
Your home’s market value may be very different than what is known as its “replacement cost.” The replacement cost of your home is the amount of money you would need to rebuild your home to its previous condition if a total loss were to occur.
In today’s real estate market property values are falling throughout the country. Due to this it is more important to protect you home for what it will cost to rebuild your home.
Calculate the replacement cost
Your homeowner’s insurance company can calculate how much it will cost to rebuild your home based on the following:
- Square footage of your home
- Type and quality of your home’s construction
- Any updates, special features or add-ons to your home
- Quality and cost of materials used in your home
Personal liability coverage
Modern homeowner’s insurance policies also include personal liability and medical expense coverage. There is usually a preset dollar amount of coverage for these two items so; you might want to consider purchasing a separate personal umbrella liability policy, which can offer additional protection.
An umbrella policy offers a higher level of liability coverage and ensures that you and your family’s assets will be protected if someone sues you for damages. Umbrella policies typically pay up to a predetermined limit, which is usually purchase in increments of $1 million.
Protect your valuables
If you have valuable jewelry, artwork or collectibles, you may want to opt for even more homeowner’s insurance coverage for additional protection. You may assume your valuables are fully covered by your homeowner’s insurance, but that’s not always the case. To be safer it may be wise to schedule these items separately for there estimated worth
Etiquette Of An Automobile Accident Without Injuries
Tuesday, December 1st, 2009Your teenage daughter misjudges the distance when she goes around a turning automobile, and taps into the vehicles back bumper. The other driver, an elderly lady, appears fine. She states, “It’s Thanksgiving time, and I’m ok. Don’t worry about it.”
Auto Insurance Accident
You were in the car with your daughter and thought that was a reasonable attitude, and left the scene. So you go home with your turkey and 5 pounds of potatoes to have a nice life.
A couple weeks go bye, and your car insurance company calls you to tell you that the lady is suing them and you for lost wages, injuries to her neck and back, and pain and suffering.
What did you do wrong? That so-called accident was only a small bump that didn’t even scratch the paint. That lady couldn’t have been injured your terrified daughter tells your auto insurance company’s attorney.
Attorney! Holy cow.
No one can say what might happen when cars tap. But there are things you can do to make sure fender-benders don’t become the headache of the decade.
Your first thought is most likely to call the police. But in some municipalities, the police only respond if there are injuries. In a lot of states, a minor accident without injuries and damage less then $500 means you don’t need to call the police to the scene. You are allowed to file a report later. Know the laws where you live and where you may be traveling. Then, by following the steps below – even if the police are not present – you can protect yourself from fake claims and help your auto insurance provider make the best decisions:
- First, obey the law. Every jurisdiction through out the country requires motorists to carry their license, auto insurance information, and registration. Be sure all family drivers have this information available whenever behind the wheel.
- Second, take pictures. Keep a disposable camera in the glove compartment or use the camera on your phone and use it if in a fender bender. Pictures can help with validating repair estimates and whether the force of the accident was likely to cause injuries that may later be filed by the other driver or passengers. Also, make sure to take pictures of all the people in the other car/cars, preferably while they are still in their vehicle or at least while they are all still present at the scene. Why? To protect against fraud schemes. In an attempt to get bigger settlements from the insurance companies, people are known to come forward and say they were also in the vehicle and also suffered injuries. Take photos at the site of the accident. Having pictures of the vehicles ‘on location’ can clarify your case to the claims adjuster. Jot down the specifics of where the accident happened as well, for example: “Going west on First Ave approaching the intersection of Main Street and First Ave, about 50 feet before the stop sign.”
- Third, get the names and addresses of any witnesses. Some may be wary to give you their information; but be persistent within reason.
- Fourth, make sure to get the other drivers information. Be certain to include name, address, phone number, driver’s license number, license plate number, policy number and the name of the other driver’s insurance company including insurance company’s phone number. The telephone number will be listed on the insurance card. If the driver is not named on the insurance card, find out the relationship between the driver and that person and write it down, also include that person’s address and phone information, if different than the drivers. Then, include a description of the other automobile, including year, make, model and color.
- Lastly, don’t open your mouth. Under no circumstances tell the other driver, “It was your fault,” even if it was. Remember, there are unscrupulous people out there who stage accidents for the insurance money, and you could have been set up by one of these criminals. Even if it was a bona fide accident, let the insurance companies or police determine blame – or no blame. Some of us feel so badly and emotional after an accident, especially if the other driver seems to have come undone, that we are more likely to accept blame even though it wasn’t your fault.
OK. Now you can go home and prepare Thanksgiving Dinner…make sure to drive even more carefully in the future this way you can avoid having to perform this tricky scene again.
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