Posts Tagged ‘auto insurance quotes’

Auto Insurance Review: Who Is Wawanesa?

Friday, July 6th, 2012

Every year, J.D. Power & Associates conducts an extensive survey to find out which companies U.S. consumers prefer and which companies yield the highest satisfaction. If you don’t live in Oregon or California, you’ve probably never heard of Wawanesa. Yet, residents of these states say that it truly is the best auto insurance money can buy.

Wawanesa History

Wawanesa has been providing insurance since 1896 as a farmer’s insurance company in Manitoba, Canada. They arrived to the U.S. market in 1975 to provide auto insurance at a 25 to 35 percent lower rate than average.  

Wawanesa Policies

Good drivers — who do not  have more than 1 traffic violation point or more than one at-fault accident over the course of 3 years — will receive the best premiums. Drivers who are responsible for at least 51 percent of an accident and who cause property damage of $1,000 or less will receive 1 point. Drivers who cause accidents involving bodily injury damages exceeding $1,000 or resulting in death will receive 2 points.

Wawanesa Reviews

Of the 110 reviews on Yelp, the auto insurance company received a 4.5/5 rating. Michael P of Long Beach explains, “[They have] nice rates that fall as your vehicle ages and they keep costs down by no TV ADS. They only insure a small amount of good drivers.” Kim N. from Fullerton adds, “The customer service has always been top-notch – speedy and efficient” and 12-year customer Sue M. of Long Beach says, “They never canceled me even with a teen auto accident!” Gerrard V. from Cerritos says he’s been shopping around with quotes from Geico, Progressive, and State Farm, but “Wawanesa still saves me at least 50 percent,” he adds.

Other Auto Insurance Providers Who Ranked #1 In All Categories Include:

  • State Farm – West Region
  • Texas Farm Bureau – Central Region
  • Farm Bureau Insurance Tennessee – Southeast Region
  • Auto-Owners Insurance, State Farm (tie) – North Central Region
  • Amica Mutual – Northeast Region
  • Erie Insurance – Mid-Atlantic Region

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Five Auto Insurance Provider Secrets

Monday, June 11th, 2012

It’s not immediately clear how one’s auto insurance bill comes together. Just as Google rates websites, your auto insurance rate is a complex concoction of algorithms used to calculate your value. Most of the time, carriers are just hoping to break even on your premium payments. Ideally, you’d put as much money in as you’d ever need to cover the cost of an accident. So insurers are trying to keep prices competitively low, without putting them in debt. Here are five things you may not know about auto insurance pricing.

1. Women Pay Less.

If you’re a woman, you will (on average) pay about 12 percent less. This means that men will pay an extra $15,000 on auto insurance over the course of a lifetime.

2. College Grads Pay Less.

You will pay the most if you have a high school diploma or less. Rates improve with each successive degree.

3. Your Credit Score Matters More Than You Thought.

One of the biggest factors of your financial responsibility is your credit score. If you have a low score, expect to pay a higher premium.

4. Location Affects Your Rate.

On one hand, Louisiana has the nation’s highest premiums. A move to North Carolina would say drivers $1,500 a year in auto insurance. Similarly, moving from Washington D.C. across the river to Virginia will save $50 a month.

5. The Old and Young Pay The Most.

Statistically speaking, you’re more likely to crash if you’re old or young. Premiums peak from 18-25 and again from 55-75.

Actually, the best thing you can do to keep your auto insurance rate low is spend some time shopping around periodically to see how much you can save! Try our free online auto quote system today! There is no cost and no obligation.

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Ohio Auto Insurance Laws

Tuesday, June 5th, 2012

In the state of Ohio, there are literally thousands of uninsured motorists breaking the law. The Ohio Dept of Insurance estimates that as  many as 15 percent of Ohio drivers carry no auto insurance whatsoever. Even more people are under-insured and unable to pay for damages they may cause in an accident.

Extra Ohio Auto Insurance

For this reason, you may want to consider buying extra UM/UIM coverage, which takes the place of the liability coverage the other driver did not have and pays for the injuries to you and your passengers. Uninsured Motorist Property Damage will cover the cost of repairing your vehicle if the other motorist does not have adequate insurance. MedPay is another optional coverage that pays for injuries to you or your passengers, providing benefits no matter who is at fault in the accident.

What Is The Mandatory Ohio Auto Insurance Coverage Required?

The minimum amount of auto insurance required by Ohio law is as follows:

  • $12,500/person for Bodily Injury
  • $25,000/accident for Bodily Injury
  • $7,500/accident for Property Damage

What Are The Consequences Of Being Underinsured In Ohio?

You must carry proof of auto insurance in Ohio whenever you are driving. You must have a copy of your insurance policy card, as well as a certificate of proof of financial responsibility on a form from the Ohio Bureau of Motor Vehicles. If you are caught driving without financial responsibility, you may suffer one of the following penalties:

  • 90-Day Driver’s License Suspension
  • License Plate / Vehicle Impoundment
  • Court Costs
  • $75 Reinstatement Fee
  • Impound Fee

To find a better price on your Ohio auto insurance and ensure that you are complying with the law, surf our site for free quotes!

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Can Your Smartphone Lower Your Auto Insurance Premium?

Friday, June 1st, 2012

We recently reported that auto insurance companies would be relying on driver data to determine how much to charge you for your premium. Yet, in the past, it could be a real hassle — requiring the installation of a special box in your car. Now State Farm and Ford are teaming up to turn your smartphone into an auto insurance premium lowering device. Through the “Sync” platform, State Farm will be able to determine: how often you drive, how fast you drive,  and how often you slam on your brakes. Sync supports 3G and 4G smartphones and bluetooth technology already, so it’s not much of a stretch.

Drive Less & Save

State Farm will periodically pull data from Sync’s smartphone link. Just for joining the program, customers will receive a 5 percent discount on their premiums. Individuals driving the national average of 1,000 miles per month will qualify for an additional 10 percent discount. Customers who rarely drive could see up to a 40 percent discount on their auto insurance rates! The program is launching in Utah, but will expand to other states.

Drive Safe & Save

For now, State Farm will be just tracking mileage. Ultimately, they plan to track much more, such as acceleration / stopping patterns, where people travel, speed and how often drivers go through stop signs. Businessweek speculates that one day drivers will have a taxi-style meter on their dashboards that tracks how much they’ve ratcheted up their insurance premium based on their driving habits. Would motorists think twice before speeding or slamming on their brakes? The results are yet to be seen, but the use of smartphones can revolutionize what Americans pay in auto insurance.

How To Save Money On Auto Insurance Now…

While waiting for the program to roll out, drivers can get lower auto insurance rates by looking up online auto insurance quotes. It only takes a few moments to see exactly how much one can save by switching providers! Drivers who are interested in making the transition, can elect to have a representative contact them by phone.

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How Shopping Around Can Save You Money On Your Auto Insurance

Tuesday, May 15th, 2012

You’ve probably seen the commercials and heard people tell you to “shop around” for auto insurance. This sound advice could save you hundreds — if not thousands — on your premium. It’s recommended that you get at least three quotes. If you want to save even more, get six quotes. A 2004 Progressive Insurance survey of 100,000 consumers nationwide found that auto insurance rates can vary by over $1,o00/year!!

Why Do Some Auto Insurance Companies Charge More Than Others?

Every company has its own secret algorithm for determining your risk value and how much money they’ll charge to insure you. There are also different types of insurance companies. For instance, Geico and Amica have in-house employees who sell directly to consumers online or by phone. Other insurance companies — like Allstate and State Farm — use independent contractors who work on commission to sell one company’s product. A third type of insurance company is comprised of independent agents who can sell insurance from various companies.

Where Can Drivers Get The Best Auto Insurance Rates?

Direct agents offer the best rates for their companies. Since there is no “middle-man,” you’ll save 15 percent typically. You can access these direct agents by searching for free quotes online and selecting the offer of your choice to proceed. Of course, many of these direct companies can be fussy about who they insure. If your driving record isn’t squeaky-clean, you’ll probably need to check with the larger auto insurance companies like State Farm (18 percent of the market) or Allstate (12 percent of the market) and see if an independent agent can beat your best quote.

What Discounts Do Insurance Providers Offer?

Every auto insurer also has its own set of available discounts. You can save by choosing one company to provide a combination of different types of insurance. You can get money off by taking a defensive driving course, by retiring, or just by being a good student. There are Mensa discounts, group savings by employers, money off for college kids who dorm, and safety feature discounts. Some companies also have loyalty programs that are worth asking about.

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Shop competitive auto insurance quotes here!

Perks of Marriage: Cheap Auto Insurance

Friday, May 11th, 2012

There are many financial perks of marriage — lower taxes, access to employer benefits, better health insurance rates, and lower auto insurance premiums too. Most companies offer some type of discount for married drivers, although some companies may also offer cheap insurance for people who live together. States like California, Washington, Oregon and Illinois recognize “domestic partnerships” with discounts of up to 15 percent for drivers, according to Fox News.

How Do Married Couples Save On Insurance?

  • Multi-Car Discount – Typically, you’ll save significant money by switching to the same policy and signing up multiple cars with a carrier.
  • Multi-Line Discount – You can also save by getting homeowner’s insurance through your car insurance provider.
  • Driving Record – If your spouse has a better driving record than you, this can work in your favor.
  • Statistics – Statistically speaking, married couples are less depressed and less reckless. They tend to get into fewer accidents and take advice from a spouse on safe driving habits.

 How Much Can You Save By Getting Married?

Forum commenters claim to have saved as low as $61 per billing cycle or as much as $350 every six months. According to research conducted by Coverhound, a sample couple would have paid $309.01 per month for their separate policies, but they would pay $218.89 a month if they were married — which is a 29 percent savings. If your spouse has a particularly terrible driving record, you may not benefit much, but it’s worth looking up free auto insurance quotes.

married couple car insurance

Telematics Auto Insurance: What Does This New Technology Mean For The Future?

Thursday, May 10th, 2012

In George Orwell’s 1984, all daily activities were overseen by a seemingly omnipotent being known as “Big Brother.” Telematics auto insurance seems like one step closer to “Big Brother” watching over us. Yet, on the other hand, telematics may also be the key to reducing the number of car crashes and also reducing our auto insurance premiums.

What Is Telematics?

Telematics involves satellites tracking a person’s driving habits — including the miles driven, the amount of time spent behind the wheel, as well as braking and acceleration patterns — to calculate a safe driving score. The score is then used to determine how much you should pay in auto insurance. While it may sound fanciful, this technology is already quite popular in Europe, as more and more drivers voluntarily agree to put this black box in their car to gain access to lower insurance rates. In America, companies like Progressive are just starting to offer this type of car insurance.

Is Telematics The Future Of Auto Insurance?

According to research firm Celent, the technology “radically reduces the frequency and severity of motor vehicle accidents,” so insurers see reduction in their revenue — from about 39 percent down to 13 percent. The firm adds that, in addition to telematics, it’s believed the next 10 years will hold more cars outfitted with collision avoidance equipment, more automated traffic law enforcement, and (to a lesser extent) robot cars.

Do People Really Save With Telematics Auto Insurance?

Drivers with a safety score of 4/5 save about 15 percent on their premiums, according to the UK website This Is Money. Those who score a 1 or 2 may wind up paying 20 percent more. Two-thirds of customers are estimated to save with reductions as high as £800 ($1,287).

auto insurance telematics

To save today, get a free auto insurance quote!

News: Auto Insurance Companies Raise Rates In Illinois

Wednesday, May 9th, 2012

Allstate Corp. plans to raise car insurance rates for Illinois drivers by 3 to 5 percent, according to company filings with the Illinois Department of Insurance. New rates will go into effect May 17th. According to the company, this decision reverses the “hometown discount” advertised since 2009. They added that the size of the increase will depend upon how long a customer has been with the insurance company. This decision comes after Allstate posted its largest profit gain since 2007.

Why Raise Rates?

Allstate has been struggling to keep pace with the lower-priced competition lately. This last price hike is their attempt to gain more ground. Company spokespeople say they’ve set aside more than enough money for accident claims, which has led to bigger profits than previous years. Similarly, Geico is raising rates 2.5 percent, which will go into effect May 10th for new customers and June 25th for most drivers. So Allstate didn’t really have to think twice about raising rates if everyone else is doing it too.

Is Everyone Raising Illinois Auto Insurance Rates?

Not everyone is jacking up prices, however. The largest auto insurance provider in Illinois — State Farm — just slashed rates 2 percent this past December after three years of annual increases.

How To Get Lower Auto Insurance Rates

Since prices are always fluctuating, the best thing a consumer can do is to shop around for competitive quotes. Each company has a different method of determining how much to charge a customer, so the numbers can really vary widely. Just a few minutes entering information online can save customers thousands of dollars per year in some cases.

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