The average cost of auto insurance for new vehicles is around $1,202/year. Many components go into your Auto Insurance rates, everything from the zip code you live in to your credit rating. Finding the best ways to save on your auto insurance is a lot like saving on your home insurance. (If you haven’t seen our blog post on how to save on your home insurance, feel free to check that out now.) So, we’ve gathered some of the best ways you can lower your auto insurance and help ensure you continue to get the best price for you.
Arkansas may not enjoy a true Fall season like other states. Most of the time we get lucky if we get a week of Fall-like weather and pretty leaves. However, us in Little Rock love to get in the Autumn spirit by hosting an array of festivals and events. Here are some of our favorites that are coming up in the next couple months!
There are plenty of ways to avoid having to file a claim on your home, but accidents happen whether we like them or not. Some damage just can’t be avoided no matter how careful you are. These instances are why we have home insurance. Here are 5 of the most common home insurance claims that you could experience:
Home insurance has been around for centuries. The first forms of insurance were recorded by Babylonian and Chinese traders with the first documents of methods written around 1750 BC. So one could say that the insurance industry has seen just about everything. Even today, there are home policies that cover some weird things.
Most people haven’t heard about Umbrella Insurance before. Think about it. What would you do if you were found negligent or liable for someone else’s bodily injury or death? Would you have enough insurance to protect your assets?
That’s what Umbrella Insurance does.
Umbrella insurance is a stand-alone liability policy that provides an additional limit of liability over and above your underlying liability limits that are already on your homeowners and auto insurance policies.
The price of homeowners insurance can vary greatly depending on the insurance company you purchase your policy from. Here are some tips to consider when buying homeowners insurance that can help you save big.
An auto insurance policy includes several different kinds of coverage. Your independent insurance agent will provide professional advice on the type and amount of car insurance coverage you should have to meet your individual needs and comply with the laws of your state. Here are the principal kinds of coverage that your policy may include:
I’m fairly confident that if you asked anyone who has ever owned a rental property, you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, some landlords say that owning a rental property can be a major pain, and end up costing you a ton of money!
I certainly don’t mean to be a “Debbie Downer”, and I know that if it’s done right it can be lucrative, but from an insurance agent’s perspective, I don’t see a lot of people doing it right.
So you’re probably thinking, “Well Sydney, you are an insurance agent. What do you know about real estate or rental properties? Why should I take advice from you?”
I’m not a real estate agent, and I don’t own a rental property. However, several of my friends, family and clients own rentals, and because I insure a bunch of their properties, I’ve had a first hand account of the process, and I’ve learned what to do, and what not to do.
I was recently asked this question by one of our iTrust Insurance Group clients. So, thought I would share the answer here for our readers.
There are a lot of things that go into homeowners and auto insurance rates, one of them being credit. I’ve heard a lot of complaints from people who don’t like the fact that insurance companies use credit in their underwriting.
Some people have absolutely no idea that it’s used in the rate at all.
At the end of the day, there’s not much we can do about it though. Insurance companies have been using credit in their rates for decades, and that’s not likely to change.
By the way, insurance companies don’t pull your credit like a mortgage company or credit card company does. There is no negative impact on your credit as a result of an insurance company looking at it.
When I say “pull” what I mean is that the insurance company is doing what’s called a soft inquiry. Which is not the same thing as having your credit pulled (hard inquiry).
Why does my auto insurance rate keep going up even though my car is getting older? At iTrust Insurance Group, many of our clients ask this question so I would like to address it from a couple of angles.
First things first, even though it’s called car/auto insurance, it covers more than just your car. It should technically be called “auto-owners” insurance, similarly to how home insurance is actually called “home owners insurance”.