Posts Tagged ‘car insurance’

Deer Effect State Farm Car Insurance

Friday, November 5th, 2010

The cost of those seemingly cute, cuddly deer out in the streets is actually more than you might imagine.  Not only do they eat plants and crops, they can carry lyme disease and wreak havoc on your car insurance.  Allan Sloan’s Fortune article on CNN Money discusses the financial impact of what he calls “rats with hooves.”  That may be a bit harsh, but “The case against Bambi” has valid financial points.

State Farm car insurance says that 1.14 million accidents between deer and cars occurred in a one year time frame ending this June.  That cost drivers and insurance companies close to $4 billion in damages.  And if you include the accidents where drivers didn’t have any car insurance or comprehensive coverage, the cost of damages is even higher.  In the past five years the number of deer related crashes has increased by 21%, while the number of miles people are driving only went up by 2%.  The likely cause of that statistic is that there are a lot more deer out on the roads than there were five years ago.

The worst part is that deer are causing human fatalities in car crashes.  It is estimated that 140 people were killed just last year because of deer-vehicle accidents.  The top five states where accidents occurred were Pennsylvania, Michigan, New York, Ohio, and Virginia.  The fewest accidents were in Rhode Island, Alaska, Nevada, the District of Columbia, and Hawaii.  With fatalities and skyrocketing costs associated with deer-vehicle collisions, the author ponders whether eliminating some deer for the greater good of humans is the next step.

New Jobs at Progressive Insurance

Wednesday, October 27th, 2010

Those looking for jobs in the insurance industry are in luck, according to Insurance Journal’s “Progressive Expanding in Colorado, Florida, Ohio, Texas.”  Last month a detailed report on Progressive Insurance hiring in Cleveland was posted on this blog.  The company is expanding their hiring in Colorado, Florida, and Texas as well.  All of the jobs should be added by the end of next January, so interested applicants are urged to act fast.

Available call center jobs in the areas of sales, claims, and service will number in the hundreds in each location.  Progressive plans to add 200 workers in its Colorado Springs, CO location; 175 workers in Austin, Tx; 260 workers in the Cleveland and Mentor, Oh area; and 240 workers in Tampa, Fl.  The company is seeking applicants who are not only smart but outgoing.  They also want people interested in flexible schedules and offer competitive pay and many on-site perks to get the best candidates.

Training is paid and flexible schedule options include working four 10-hour days and getting three days off each week.  The car insurance positions will help answer customer questions and complaints, file claims in the case of a car accident, and sell policies to new customers.  Progressive Insurance is growing fast and hopes to find energetic problem solvers to add to their customer driven business.  Their focus on innovation, diversity, taking risks, and a strong company culture make them a great place to work.

Cut Your Donegal Insurance Bill in Half

Tuesday, October 5th, 2010

By taking on some more risk when it comes to car insurance, you may be able to lower your insurance bill by as much as half with companies like Donegal Insurance.  Fox Business recently posted an article entitled “How to Cut Your Car Insurance Bill in Half” to explain how to go about it.  First you’ll have to research your individual state’s minimum coverage requirements because they do differ.  Many states have minimum coverage of 25/50/10, which translates to $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property-damage coverage per accident.  However most insurers set you up automatically with 100/300/50 coverage which is significantly more than the minimum in most states.

By reducing your liability limits to the minimum you can save a lot of money.  Other ways to save include getting rid of your collision and comprehensive coverage, increasing your deductible to at least $1,000, and dropping your uninsured motorists (UM) coverage.  By using all or a combination of these changes, you have the ability to lower your car insurance payments by half.  In the article’s financial example, they lowered their minimum coverage to 25/50/10, eliminated their comprehensive, collision, and rental coverage, but left their UM coverage there.  Payment reductions were 35% for a Cadillac Escalade, 46% for a Chrysler Town & County, 47% for a Toyota Camry, 48% for a Hyundai Santa Fe, and 50% for a Ford F-150.

You have to understand that reducing coverage like this will add a lot of risk to your car insurance needs.  Be sure to speak with an agent or multiple agents to see what type of risk and coverage is best for your individual situation.  Another good way to lower your car insurance payments is to shop around and see what pricing you can get from a company like Farmers auto insurance.  Look for deals and make sure that the company has a good reputation from the BBB and lacks a lot of complaints.  You can save a lot of money by shopping around.

Estrella Insurance Will Protect You

Sunday, September 26th, 2010

Whether shopping for car insurance or warranty programs, finding a reputable company that will be around is crucial.  Recently Great Lakes Warranty Corporation filed for bankruptcy and went out of business, according to “Car Insurance Company Leaves Customers Out In Cold.”  The story is from The Pittsburgh Channel as reported by Paul Van Osdol.  They have left thousands of car owners with warranties that most likely will be useless because of the demise of the company.  According to court documents, there are more than 24,000 consumers holding warranties with this now defunct car insurance warranty company.

The Better Business Bureau has already received hundreds of complaints regarding claims that have gone unfulfilled.  Filing a claim with the bankruptcy court is really the only way to try and recoup some of the money spent on a now useless car warranty.  While bad luck happens to good people, researching the history of the company you are purchasing any type of insurance through is crucial.  Estrella Insurance and Mercury Insurance are smaller car insurance companies with good reputations for protecting their customers.  By researching through the company’s website, the Better Business Bureau, and other consumer recommendations, hopefully you can avoid the problems that these warranty consumers are dealing with.

Cheap Car Insurance

Monday, September 6th, 2010

There are four great ways to obtain cheap car insurance, according to Bankrate’s article “4 shortest routes to cheap car insurance.”  The best step before purchasing car insurance or even after is to shop around.  You can use online tools to get quotes or call around to different companies.  Always ask the companies a lot of questions, including what discounts may be available.  Sometimes Erie insurance and other smaller companies can get you better rates than the big guys.

Changing to a higher deductible is another way to lower your car insurance rates.  You can decrease your monthly payments by 1/4 simply by increasing your deductible by a few hundred dollars.  It’s important to have enough money to cover your increased deductible available in case you need to make a claim, so be sure to save it in your bank account.  Another important step to take when trying to lower your car insurance is to take advantage of any discounts that apply to you.  Some companies offer discounts for driving fewer miles, having an alarm system, good driving records, and even for taking additional driver’s training classes.

By adding other insurance coverage on with your car insurance, you might be able to make your monthly payments for each cheaper.  Companies often give better pricing to customers who insure both their home and auto together.  It might save you money to insure more than one car with the same company if you have a family member needing insurance as well.  Shop around and ask insurers about any possible discounts they offer to get cheap car insurance for your vehicle.

Car Insurance at Miami’s New RCC

Tuesday, July 13th, 2010

A one of a kind new rental car center has just opened at Miami International Airport (MIA).  According to Just News article “Rental Car Center Eases Hassle At MIA,” this rental car center is a one-stop shop for Miami travelers needing rental cars.  The building houses sixteen different rental car companies and has a garage that can hold 6,500 vehicles.

Renting a car, obtaining car insurance, and much more will be available to nearly 28,000 people every day in this rental car center.  Officials in Miami say that it is the first of its kind in the United States.  There are also 130 gas pumps and 42 bays to wash cars available.  The Florida Department of Transportation is hoping to get stops at the rental car center for Amtrak, bus, and the county’s Metrorail transportation services.

So far, travelers are very happy with the center and have said it is perfect and it cuts down on complications that could arise.  The rental car center is expected to reduce the traffic congestion notorious at larger airports.  This is good news for insurance companies like Liberty Mutual who see a lot of fender benders outside of airports.  There is also a new shuttle bus service for the rental car center.

Pay Less Car Insurance to Safeco

Wednesday, June 23rd, 2010

There are many steps you can take to lower your car insurance bill, according to “A few quick steps could cut your car insurance bill in half.”  The article, by Sandra Block of USA Today, gives numerous tips to help consumers lower their car insurance rates.

Decrease the amount of coverage that you are holding on an older vehicle.  If it isn’t worth much to begin with, make sure you aren’t carrying too much insurance.  At some point in your car’s life span, it can be wise to eliminate collision and comprehensive coverage.  While it isn’t always easy to determine exactly when to do this, you can save up to 40% from your insurance rates.  It has been said that once your vehicle is worth less than 10 times your premium you should make this move.

By raising your deductible, you can can decrease your car insurance bill from companies like Safeco car insurance by nearly half.  If you are a safe driver and can fairly easily come up with the money for a higher deductible, this step may be right for you.  Before buying a new car, make sure that you find out how much more it will cost you to insure.  Your rates will be based on the price, theft rates, safety records, and repair costs.

When looking for insurance coverage for a teenager, make sure to check rates for adding them to your policy as well as getting them their own.  Purchasing from a high-risk insurance company for your teenager could cost less than adding them to your policy.  Always research any discounts that may apply to you.  If you start working from home or using public transportation more, you might qualify for a low-mileage discount.  Certain safety features, a good driving record, maintaining your policy for many years, and driving less overall should be able to get you discounts as well.

State Farm Car Insurance Ranks Well in Overall Satisfaction

Tuesday, April 27th, 2010

J.D. Power & Associates’ 2009 National Auto Insurance Study rated numerous car insurance companies in terms of five categories.  The accompanying press release, “Lower Premiums at the Onset of the Current Recession Drive Significant Increase in Overall Satisfaction With Auto Insurance Companies, But a Hardening Market Could Eradicate 10 Years of Progress,” explains the results in detail.  Amica Mutual had the highest ratings for the tenth year in a row, with the highest marks in all five categories.  The factors measured were overall satisfaction, contacting the insurer, policy offerings, billing and payment, and pricing.  The overall rankings for the car insurance industry were at a five-year high in 2009, partly based on lower premiums because of the economic recession.

State Farm car insurance ranked “better than most” in overall satisfaction, “among the best” in contacting the insurer, and “better than most” in two of the remaining three categories.  USAA and New Jersey Manufacturers Insurance Co. were the other two standouts ranking “among the best” in all categories, but they are both only offered to a limited group of people.  Farmers auto insurance and most other insurers ranked “about average.”  Over forty percent of customers said that their premiums decreased without having to shop around and switch to another insurer.  Unfortunately, history shows that about a year after recessions, customer satisfaction declines as rates begin rising.  If the car insurance companies talk with their customers before potential rate increases and try to work with them, it might work to dissuade negative opinions as prices inevitably rise again.

Car Insurance Increases in Michigan

Monday, April 12th, 2010

According to “Auto insurance going up for Michigan drivers,” ABC News affiliate WZZM reports that car insurance rates will be increasing in Michigan.  The increase was initiated by the Michigan Catastrophic Claims Association and will take effect on July 1st.  Each vehicle will be charged $18.20 more for auto insurance coverage.  Insurance agents say that they get complaints about these increases and have to explain them in detail to many consumers.

The Michigan Catastrophic Claims Association has been around since 1978 and is the only one of its kind in the United States.  They pay the medical bills above $480,000 after car accidents.  Encompass Auto Insurance and other insurance companies wait to see what this Association will do about rate increases each year.  Usually the fees do go up but there have been times that did not occur.  With a $2 billion deficit and $800 million of payments to make, the M.C.C.A. says that after months of research they have no choice but to make this rate increase.

State Farm Insurance Quote Lower With iPhone App

Tuesday, March 30th, 2010

Young drivers have a new way to get a lower State Farm Insurance Quote.  State Farm introduced its second iPhone application last month and 9,000 people have already downloaded it.  This information is from “New State Farm app aimed at young drivers” by Ryan Denham of Pantagraph.  The application is called Steer Clear Mobile and is geared towards drivers under age 25.  They download videos, trip logs, and self-assessments to their iPhone or iTouch and go through this safe driving program.  The Steer Clear discount program can save young drivers up to 15% off of their car insurance.

State Farm’s mobile team wanted to take advantage of a media form that young drivers use and try to make them all safer.  Since they may not tell their parents or teachers that they have driving questions, the hope is that they’ll learn how to drive safer and buy State Farm car insurance because of the discount.  This program was previously available, but was done either through an agent or by downloading and printing out the forms.  The program takes a few weeks to complete and must be reviewed by an agent for verification.  Some added benefits to iPhone application users are a section on driving tips based on weather and places to find an agent.