Auto-Owners Insurance Personal Car Insurance Coverage

November 4th, 2011 Chad Posted in Insurance Companies No Comments »

Founded in Mt. Pleasant, Michigan in 1916, Auto-Owner’s Insurance has grown to include more than 3,800 employees and currently operates in 26 states. Sales are driven through an extensive team of independent agents. A solid company, they offer high ratings for financials and customer service, as well as attractive policy offerings and competitive prices.

Ratings and Financial Information

One of the top concerns when purchasing insurance is making sure the company is financially sound. Auto-Owner’s has an A++, the highest rating available from A.M. Best Company. At the close of the 2010 fiscal year, they had more than six billion in capital and surplus, confirming that the company possesses the necessary liquid assets to take care of the nearly $4.5 billion they have in net premiums.

Customer Service

With a strong commitment to customer service, Auto-Owners has earned high ratings from JDPower. They are given four stars for overall satisfaction, policy offerings, pricing and ease of contact. Their billing and payment rating was slightly lower, although the company does accept payments online, over the phone and through the mail.

Policy Offerings

Auto-Owners provides insurance coverage for more than just your personal auto. Owners of motor homes and travel trailers will be happy to know that their recreational vehicles can be protected with the same company that insures their vehicle. Antique cars and even converted or modified autos qualify for coverage as well as motorcycles and mopeds.

Other Safeguards

In addition to protecting all your transportation vehicles, regardless of what they might be, Auto-Owners will provide you with protection for your single-family dwelling, condo or mobile home. Life insurance is available, as well as disability insurance and long-term care insurance. An umbrella policy will help you shield all of your assets from lawsuits. Business people can also find the protection they need for companies of all sizes.

Coverages

Liability, collision and comprehensive are just the beginning of the available coverages with Auto-Owner’s. They also have rental car and full glass coverage. They will protect your finances with lease and loan gap coverage and will even cover the medical care for a pet that’s hurt in an accident.

Discounts

Multiple discount opportunities allow you to save more money on your regular premiums. Here are some of the other discounts you can take advantage of with this company.

• Multiple Policy – Couple your auto insurance with any other offering from the company and enjoy discounts on both coverages.
• Safe Drivers – Maintain a record that is free of accidents or tickets to take advantage of more savings.
• Students – There are a few ways for students to receive lower rates. Good grades of a “B” or higher can earn your teenager up to twenty percent off. Students who are more than one hundred miles away at school with no car will also enjoy lower prices. Finally, there is a system that will permanently install a GPS into the car run by the teenager. Agreeing to have this monitoring system in place will result in a handsome discount, as well as peace of mid for you.
• Safety Features – Safe cars are known for netting better insurance premiums. Look specifically for anti-lock brakes, airbags and anti-theft devices save money.
• Paid-in-Full – Monthly payments are available, but choosing to pay your account in full at the beginning of each term will provide you with a five percent to eleven percent savings.
• Go Green – This change doesn’t involve your miles-per-gallon rating; it’s all about how you share information with the company. When you agree to take it green, you are agreeing to a paperless policy. All documents are sent electronically and are available through the company website. In exchange for helping the environment and allowing the company to lower costs, you will be rewarded with lower premiums.

Honest Values

In this age of disappearing values, many people are interested in doing business with companies they can trust. Auto-Owner’s Insurance focuses heavily on traditional values such as honesty, hard work and loyalty. They strive to build a relationship with each customer by providing them with agents and employees that work as a team. They still put the customer first and have a history of stability and consistency so you can feel good about trusting them with your protection needs.

State Availability

Auto-Owner’s is a solid company, but they’re not available in all states. Here is the list of the states where you can choose this provider: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia and Wisconsin.

Auto-Owners is one of the highest ranked insurance providers in the nation. While they are not available in all states, they are certainly worth a closer look if you live in one of the areas they are licensed in. Take advantage of their policy offerings and pricing to start saving money on your auto insurance.




Arch Insurance Company Car Insurance Discounts

October 31st, 2011 Chad Posted in Insurance Companies No Comments »

The Arch Insurance Group specializes in providing insurance coverage for businesses and financial institutions. They company is licensed in both the United States and Canada. Providing casualty and property insurance, they are able to safeguard the corporate cars and fleet vehicles that are an integral part of your corporation or small business.

Liability Insurance is Necessary

There are many considerations when insuring a company car. Obviously, you want to protect the investment the vehicle represents. You know that having to buy a new car after an accident can put a serious dent in your profit margin. More than that, however, is the potential liability that every fleet automobile presents.

For better or worse, people look at businesses and see deep pockets. They are more likely to sue for damages, making great liability insurance an absolute necessity. You also need to consider the fact that the employee driving the automobile could also attempt to file a lawsuit against you.

Business Travel Accident Insurance

When an employee is traveling on company business, the employer can be held liable for accidents that occur. Things can become even trickier if the accident happens in a company owned vehicle. Choose protection that offers 24 hour coverage and structured benefits.

Accidental Death and Dismemberment

In addition to providing coverage for the employer that is paid for by the company, we also offer plans that the employee can buy to extend their own coverage.

Liability Coverage

In addition to covering your employees, you can also get protection to take care of your customers, clients and anyone else who might be harmed as a result of an accident involving one of your vehicles. The company will cover fields including specialty contractor such as utility workers, construction workers, manufacturing accidents, the service industry and more.

Brokers

Arch Insurance is typically purchased through wholesale and independent retail brokers. Well versed in the company’s products and special plans, your agent will help you select the ideal coverage for your business. Whether you need to insure an entire fleet or just one company car, they will help you find the right protection levels.

Headquarters

The company is based out of Canada but has domestic headquarters for American operations in New York City. Offices are also located in Atlanta, Georgia, Chicago, Illinois and San Francisco, California.

Risk Assessment

There’s more to buying insurance than choosing arbitrary coverage levels. You have to choose the right coverage to protect your assets in the event of accidents and lawsuits. There’s more to consider than simply adding up the dollars and cents. The brokers and specialists at Arch will also help you take into account the negative publicity that can come out of an accident and the loss of earnings that can occur when business operations are disrupted by some unforeseen incident. They will help you determine exactly what your risk is so you can get the right protection for your company.

Discounts

Arch Insurance is willing to offer discounts in return for loyalty, prompt payments and large fleets. More importantly, purchasing this insurance represents a tax deduction that will help you save money every fiscal year in addition to protecting your assets.

Ratings

The strength of any company can be seen in its financial ratings. Fitch gives Arch a high rating of A+ for being stable and performing exceptionally well. Customers report that the insurer is extremely knowledgeable and strives to consistently deliver the highest standards of customer service.

Arch Insurance is not a name you will hear when buying private individual car insurance. However, it should be at the top of your list when you are looking for business insurance, especially if you have company vehicles.




Choose Car Insurance by Value, Not Technology

October 27th, 2011 jess Posted in Insurance Companies 1 Comment »

Pay as You Drive (PAYD) technology is beginning to transform the way car insurance companies determine a driver’s risk, which in turn determines how much a driver pays for insurance. Progressive led the way with its innovative Snapshot program. When a customer signs up for Snapshot, Progressive mails the customer a small digital tracking device that plugs directly into a car’s computer. The device will keep track of how many miles the car is driven as well as other information like how hard the brakes are applied or how fast the car travels. The consumer benefits from lower insurance rates, while Progressive benefits from the wealth of data they receive about a driver’s real driving habits.

Progressive Anxious to Protect Technology

The company spent over 15 years developing the tracking device technology, and it was well aware that other companies would be interested in copying the new system. In fact, Progressive was so interested in protecting itself from other companies stealing the new technology that it entered into a rare privacy agreement with state insurance regulators so that the details of the program are not publicly available. The move was intended to limit competitors from gaining valuable insight into the Snapshot program and slow down their ability to create their own pay as you drive technology.

Allstate Device Strikingly Similar to Progressive’s

In early 2011, Allstate released its own pay as you drive policy that featured a plug-in tracking device very much like the device Progressive uses. The Allstate program is only available in Illinois at the moment, though, while Progressive advertises that their Snapshot program is available in more than 32 states. Regardless of the availability, Progressive was quick to cry foul when Allstate’s new program and device were unveiled. Progressive filed a lawsuit against Allstate claiming that Allstate infringed on several Progressive patents.

Settlement Results in Allstate Paying Progressive for Rights

The two national car insurance companies were able to reach a settlement earlier this month over the patent infringement charges. The companies have entered into a trademark-agreement regarding the discount plan surrounding the pay as you drive technology, and Allstate has agreed to purchase a license for the patented technology involved in the pay as you drive tracking device. Progressive’s chief legal officer released a statement that the company has always been willing to sell access to the technology, but they felt obligated to protect the years and research dollars they had previously invested in the project. Progressive’s lawsuit served as a reminder that the company is willing to use the courts to retain their intellectual property rights.

What does this mean to you? It means that choosing between Allstate and Progressive makes little difference if you qualify for a Pay as You Drive programs. No single PAYD technology has proven itself superior to any other, and because they are so similar, you’re likely to realize similar results. Since both companies use the same technology, you should be paying attention to customer service and overall rates.




Erie Auto Insurance

October 25th, 2011 Chad Posted in Insurance Companies No Comments »

Erie insurance started as a local auto insurance company in Pennsylvania. The year was 1925 and they have been growing steadily ever since. They are now available in eleven states as well as the District of Columbia. Currently the 14th largest automobile insurer in the nation, they are a highly rated and well respected company.

Financial Stability

You want to choose an insurance company that is financially responsible and solvent. Erie insurance enjoys a rating of A+, or Superior, from A.M. Best Company. They have more than four millions policies in force and are part of the prestigious Fortune 500. Their outlook is stable and you can trust that they will be around to handle claims you may have in the future.

Customer Service

This insurance company strives for perfection and that commitment shows in their high customer service scores. They are one of the highest rated companies by JD Power. In the areas of billing and payment, policy offerings and overall satisfaction they have a four star rating. They are one of the few providers who are given five stars for pricing and ease of contact.

Custom Plans

Most insurance companies offer a few basic plans for people to choose from. Erie believes in going one step further. They have more than thirty different special features that can be combined in different ways to create a custom plan that is just right for your needs. Agents are available to help you determine which ones are ideal for the needs of you and your family.

Discounts

The company motto is to provide near perfect protection with near perfect service at the lowest possible cost. To achieve that goal they offer several discounts. Here are a few of the ways they will save you money.

• Safe driver discount
• Owning and insuring multiple cars with Erie
• Claims free savings
• Safety features like passive restraints, anti-lock brakes and airbags
• Anti-theft features
• Customers who have more than one policy with Erie, including life insurance policies
• Choosing a specific payment plan
• Taking safe driver classes
• Being a college student who spends most of your time at school, away from home and the car
• Driving fewer miles
• Young drivers under the age of 21 who still live with their parents
• Senior discount for people over age 55

Feature 15

Most companies offer accident forgiveness after you have a clean record for at least three years. Erie takes this policy to the next level with Feature 15. With this plan, if you have been a customer for more than fifteen consecutive years then you will never see your rates go up for having an accident.

Payment Plan Discounts

Erie insurance offers five different plans for convenience. Paying the policy in full at the beginning of the effective period will net you a seven percent discount. Spreading the payment out over three equal installments within the first two months of the term will result in a five percent savings.

Other plans provide greater flexibility with covering the cost but do not offer discounts. Customers can pay with three installments that are spread out over the full term of the policy. They can also make quarterly payments or choose monthly payments.

Products

Focusing heavily on insurance, Erie offers a healthy range of products that customers can take advantage of. In addition to auto and home insurance, here are the other services they can provide you with.

• Personal property and liability insurance features additional coverage on your property and will even cover the actions of family members all around the globe. You can also choose identity recovery protection, as well.
• Permanent and term life insurance policies are offered by the company, as well as help with retirement planning. Erie offers IRAs, annuities and 401(k) plans.
• Safeguard your company with a program designed to help you control risk, create a safer workplace and protect your investment with business insurance.

Online Services

Erie offers full service options on the Internet. Policy holders can pay their bills, file a claim for damages and make other changes to their account. Potential customers can use the online center to find a local agent or receive a personal auto quote. Communications with representatives can be made by phone, through the mail or by Emailing customer service.

Availability

Erie Insurance is currently available in the states of Indiana, Illinois, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin and the District of Columbia. They have more than 2100 agencies working with local customers in these states.

Erie Insurance is not a national name at this time, but they are a company worth looking at if you live in one of the states they are licensed in. They can provide you with the affordable insurance and superior customer service you have been looking for.




Three Tips on Buying Ana Compania De Seguros Auto Insurance

October 22nd, 2011 Chad Posted in Insurance Companies No Comments »

Ana Compania De Seguros actually started in 1930 as a company that provided roadside assistance to stranded drivers. It branched into the insurance business in 1995 and now offers nationwide coverage for residents of Mexico as well as tourists who are visiting the country. If you will be driving in Mexico while on vacation then you will need protection in the event of an accident. Here are three tips on buying from Ana.

Importance of Tourist Auto Insurance

Many people don’t stop to think about their insurance when they travel to another country. The problem is that most domestic carriers are not licensed in countries like Mexico and Canada. They are unable to provide you with the protection you need once you cross American borders. Before you head south for your vacation, take the time to purchase coverage from tourists. You will be safeguarding your car, your passengers and your assets back home.

Packages

The insurance coverage is sold by packages, each with slightly different features. These are just a few of the benefits provided by Ana Compania De Seguros.

• Ten percent increase of your car’s market value in the event of an accident
• An additional ten thousand pesos to purchase substitute automobile coverage
• Partial loss deductible for natural disasters and total loss accidents
• Damage resulting form robbery attempts can be covered
• Free rental car for up to 25 days in the event of a stolen car that is not recovered
• Legal advice is available should you be a victim of robbery or assault
• Liability extensions for additional protection
• Roadside assistance
• Accidental death
• Medical insurance
• Financial safeguards to stay compliant with Mexican laws
• Available automobile assistance for towing and other fees
• Coverage for fire, total theft and meteorological phenomena
• Protection against collision, overturned vehicles and broken windows

Benefits

In addition to offering several different packages and coverage options, Ana Seguros also offers 24 hour service for your convenience. A national provider of insurance in Mexico, the company has an extensive network of tow trucks, attorneys, adjustors and customer service representatives who can assist you. When you are traveling in Mexico, they can provide you with thorough protection throughout the county.

Buy Direct Online

You can buy insurance directly from Ana Compania De Seguros Auto Insurance. However, you should remember that the company is Mexican and their website is in Spanish. If you are fluent in the language, or will be traveling with someone who is, then you can visit the company online for more information.

Their Internet site has all the details you need about various options, coverage levels, package deals and prices. You can choose the safeguards you want, customize the plan that will work for you, get the quote and buy the insurance from the convenience of your computer at home.

Call the Company Directly

Even if you aren’t bilingual, you can still work with the provider by calling them directly and expressing that you only speak English. The staff is fluent in both languages, so they can answer your questions, address any concerns and help you find the right coverage for your needs.

With their assistance, you will be able to make informed decisions about the coverage you are seeking. They will provide you with accurate quotes and you can buy the insurance over the phone.

When you are preparing to go on vacation outside of the country, you must take the time to secure auto insurance. Ana Compania De Seguros Auto Insurance can provide you with the coverage you need throughout Mexico. Don’t drive without insurance and put your family at risk.

Use our convenient comparison tools to find the best quotes so you can have protection you need when you travel.




The General Auto Insurance

October 21st, 2011 Chad Posted in Insurance Companies No Comments »

Finding quality insurance can be a challenge if you have too many tickets on your record or a history of getting into accidents. Most companies won’t offer coverage to drivers who like to go fast or have a problem with causing accidents. Fortunately, the General Automobile Insurance Services will provide you with the protection you need, allowing you to keep driving legally.

History

Simply known as The General, this licensed insurance agency is subsidized by PGC Holdings Corporation. Founded in 1963, they have a long history of providing coverage to even the worst drivers. They currently enjoy a rating of A- from A.M. Best, indicating that they are financially stable.

SR-22

When you are caught driving without insurance, the state may require that your provider submit an SR-22 form. This document must be sent by the insurance company to your local Department of Motor Vehicles to show that you are legally insured and meet the minimum liability levels. Most insurance providers will either drop your coverage completely or assess a high fee for filing file this certification. The General will maintain your protection and the associated SR-22 filing fees are very reasonable.

High-Risk Auto Insurance

Specializing in non-standard insurance, The General will cover those car owners who have a poor driving record. Even people who have had their license suspended or revoked will not be turned away. In addition to working with customers who have a history of violations or tickets, they will also provide you with competitive rates if you are over age 70 or under the age of 20.

Low Down-payments and Monthly Payments

One of the key philosophies of The General is that down-payments should be affordable for average people. They offer monthly payments that help take the sting out of the insurance bill, making it easier for you to stay covered. Customers can also choose between twelve-month and six-month policies.

Restricted Policies Available

Most companies will insure any driver who has permission to get behind the wheel of your car. However, this can cause rates to increase, especially if there are teenagers in the home. The General offers restricted policies. These special endorsements clearly state the individuals who are allowed to drive your vehicle. This effectively lowers the agency’s liability, allowing you to receive more favorable premiums.

Full Coverage Options

Liability insurance is required by most states. However, you also need collision and comprehensive if your car is not yet paid off. The General offers full coverage policies, helping you to stay legal with the government and in good graces with the finance company.

State Licenses

The General is licensed to provide insurance in the following states.

• Alabama
• Arizona
• California
• Colorado
• Connecticut
• Florida
• Georgia
• Illinois
• Indiana
• Kentucky
• Louisiana
• Missouri
• Nevada
• New York
• Ohio
• Oregon
• Pennsylvania
• South Carolina
• Tennessee
• Texas
• Virginia
• Washington

The company is not able to safeguard you when you are traveling in Mexico. They have partnered with another company that can assist you when you take your car outside of the country.

Payments

The General offers their clients several options for making payments. They have a website online where customers can manage their account and make payments. Payments can also be automatically charged to a debit or charge card and the agency welcomes automatic withdrawals from your banking account.

Instant Proof of Insurance

When you have been dropped by a company, you need to get coverage on your car again fast to stay legal. The General will provide you with immediate proof of insurance. The premium can be paid online and the insurance card printed from the convenience of your own home.

Discounts

Take advantage of several discounts with The General. Even though the company doesn’t offer homeowner’s insurance, they will provide you with a discount if you own your home. Drivers who maintain insurance for more than six months before switching to this provider can receive a discount, as well as people who own more than one car.

Some payment plans will feature lower rates. The agency provides discounts if everyone on your policy has more than five years of driving experience and has not had any accidents or violations in the last three years. Senior citizens can enjoy additional savings and restricting the drivers who are allowed to operate your vehicle can also save money on the premium.

The General is one of the first companies you should look at if you are paying high premiums due to bad credit, age or driving history. While they don’t offer any additional products, they can help you maintain the required state minimum levels of auto insurance with affordable protection.




Automobile Insurance Coverage from American Commerce

October 19th, 2011 Chad Posted in Insurance Companies No Comments »

American Commerce Insurance Company opened its doors in 1946. The agency has always focused on providing the highest level of customer service. Listening to their clients throughout the years and responding to their requests, the company now offers products that are in high demand.

Size and Ratings

A financially sound provider, American Commerce has been rated Superior by A.M. Best for its excellent fiscal decisions and high equity levels. Standard & Poor’s rates the insurance agency as stable, indicating that the company will be able to continue providing coverage in the coming years.

One of the oldest insurance companies in the world; they have nearly 51,000 agents working with drivers in 43 countries. They are currently the largest provider in Latin America and the tenth most popular agency in Europe.

Agents

Their global representatives are available to help you get the right coverage for your needs. They will step you through the options available and answer any questions you may have about the company, the different programs and qualifying discounts.

Auto Insurance

Covering a range of vehicles, they insure passenger and conversion vehicles, classic autos, exhibition pieces and even golf carts. These policies offer several attractive features. The AutoMaster Plus program provides standard coverage, extended protection and security for personal items like cell phones, laptops and child seats. This plan also offers glass replacement, death benefits and will reimburse you for some vet bills should your pet be involved in an accident.

A Peace of Mind package provides accident forgiveness, a deductible credit or the chance to lower the deductible by effectively avoiding accidents. An optional upgrade, there are extra fees associated with this service.

New Car Enhanced Coverage Option ensures that your car will be replaced with a new auto of the same make and model should it be declared a total loss. Age requirements exist for any vehicle that is a part of the program. The company does offer plans for towing and rental expenses, as well.

Motorcycles

ATV’s, snowmobiles and motorcycles need high quality insurance. American Commerce provides coverage for most specialty vehicles including sport bikes, touring and dirt bikes, scooters and mopeds. The Peace of Mind package is available for your off-road and street legal motorcycles, giving riders the chance to lower their deductible and enjoy Accident Forgiveness.

Recreational Vehicles

Specialized vehicles need unique coverage. American Commerce will protect motorhomes of all body types and sizes. Recreational trailers, pick-up campers, pop-up tents, utility and watercraft trailers can also be covered by the company.

Most insurance companies automatically protect a towed vehicle while it is on the road. American Commerce takes it one step further by providing general liability coverage even when the RV is being used as a home while on vacation.

You can take advantage of the Emergency Expense Allowance should your motorhome become seriously damaged when you are staying in it more than fifty miles away from home. This would include taking care of payments for hotel expenses and transportation fees you might incur as a result.

Recreational vehicles typically have features that most insurance companies won’t safeguard. Replacement Cost Personal Effects coverage will reimburse you for household furnishings, antennas, awnings and cabanas that might become damaged in an accident or storm.

The company offers Total Loss Replacement Cost Coverage so you can replace your motorhome with a comparable one or receive a settlement equal to the purchase price. There are qualifying age requirements for any RV that is part of this program.

Discounts

Special savings are available for clients who buy before their other policy expires, take defensive driver classes or pay their policy in full at the start of the term. Loyal customers are rewarded with lower premiums, as well as good students, homeowners and people with multiple policies. One easy way to save money with American Commerce is to sign up for payments made by electronic funds transfer.

Other Products

American Commerce will provide you with the insurance you need for your single family home or condo. Renters can get the backing they need to safeguard their personal property. Identity theft protection is available, as well as umbrella coverage that will help secure all your assets.

American Commerce Insurance Company is a solid company that is financially stable. Taking pride in offering superior customer service, they have twenty-four hour claims services. Providing a good range of products and attractive discounts, they are worth taking a closer look at when receiving quotes. Be sure to look at the final price offered after all special packages are chosen and discounts are applied before making a final decision on your next insurance policy.




Best AIU Auto Insurance Company Specials

October 14th, 2011 Chad Posted in Insurance Companies No Comments »

Founded in 1851, the American International Insurance Company started by offering property and surety insurance. It officially became known as AIU Insurance Company in 1976. Currently operating on a global basis, the company now operates under the name of Chartis.

Global Leader

Chartis is proud to have more than 70 million clients located around the world. They offer business and personal insurance services aimed at helping people protect the property they value.

Financial Strength

Chartis is a strong company. Their international sales outside of the United States and Canada in 2010 were in excess of fourteen billion. Domestic and Canadian net premiums written in 2010 totaled more than seventeen billion. The current A.M. Best rating of Excellent stands as further testament to the company’s financial strength.

Additional Products

In addition to auto insurance, Chartis also offer plans for accidents, health, home, property and travel. The company caters to businesses with a full line of commercial products, as well.

Private Client Group

A special offering from Chartis, this insurance product provides coverage for all the major assets a family might own. These include vehicles, homes, boats, collectibles and valuables. This policy is specifically designed for high-valued homes, custom jewelry and luxury autos. Added liability protection, international insurance and options for home offices are also available.

Worldwide Coverage

Because the company operates on a global basis, they are able to provide insurance coverage to customers all around the world. This makes them an excellent choice for anyone who travels extensively.

Types of Vehicles

Chartis is happy to insure almost anything that can be driven. Their customers can take advantage of insurance for their daily drivers, collectible cars and even motorcycles.

Agreed Upon Value

Most companies pay based on the fair market value or depreciated value. Chartis pays based on a value that is predetermined at the onset of the policy and agreed upon by both parties.

High Limits

Chartis offers some of the highest liability limits available. They will provide customers with up to one million dollars in coverage per occurrence. Umbrella liability insurance is available with limits as high as $150 million.

Excess Liability

When the insurance maximum coverage level is reached, most people find that they are personally responsible for any excess damages. Chartis believes in providing the highest quality coverage, so they offer excess liability coverage. These higher limits are designed for people with a greater amount of assets. After the homeowners or auto liability levels are depleted, the excess will still be available for use.

High Deductibles

Chartis offers customers the opportunity to save more on monthly premiums by choosing extremely high deductibles, up to $10,000. Ideal for high ticket items and only recommended if the liquid assets to cover it are available, this can offer a valuable savings on some policies.

Available Options

Staying in line with other insurance companies, Chartis offers some attractive available options. They provide customers with high liability limits for added protection, a new car replacement programs, free towing and reimbursement for rental cars.

Customer Contact

This insurance provider has not yet embraced technology and all the benefits afforded by the Internet. Contacting them for a quote requires contacting the company by phone to speak to an agent.

Chartis is committed to providing flexible insurance policies that are custom-tailored to meet the demands of your lifestyle. Rates are competitive and the protection levels exceed those offered by most companies. Although quotes are not available through the Internet, Chartis is the company to call when you have a vast estate and great wealth to protect.




USAA and Geico – How do they Stack Up?

October 5th, 2011 Chad Posted in Insurance Companies No Comments »

There are dozens of insurance companies to choose from in any given area. The prices can vary greatly from one carrier to another, as well as the customer service. One well-known company is Geico. Catering to drivers with good records and offering low prices for more than 75 years, it is a fast growing company. A lesser known company that caters specifically to military personnel and their family is USAA. Here’s a quick comparison to show how the two companies stack up.

History

Founded in 1922, USAA is the insurance that caters to members of the military. It started with 25 Army officers who banded together to insure each other’s vehicles when they were denied insurance through traditional companies. The United Services Automobile Association is a privately held company that is actually owned by the members.

Geico has been around almost as long as USAA. The company was founded in 1936 and continues to flourish today. It was started by the Goodwin couple and was founded on the principles of ingenuity, innovation, honesty, resilience and perseverance. Geico is a publicly held company.

Products

Geico is strictly an insurance company, although they will insure almost everything in your home. Almost anything that rides on wheels or has value to it is eligible for coverage. This includes your home, RVs, commercial autos, collectible autos, boats, your life, collectibles and even your identification.

USAA has grown over the years and is currently more than just an insurance company. However, their insurance offerings are more limited than Geico’s. Boats, motorhomes and collector cars are not insured directly through USAA. The company has partnered with Progressive, however, so that members can still enjoy great discounts on these products.

However, the company does offer property insurance, life insurance and they will provide riders for valuables such as jewelry and electronics.

USAA also offers banking, investment and retirement products to help their members stay on track. With USAA, your car could be financed with the same company that is insuring it. You can even make the payments from a free USAA checking account.

Ratings

JD Power rates insurance companies based on several criteria. They look at the overall satisfaction of policy holders and ease of contacting the insurer. They view the policy offerings, pricing and how convenient the billing and payment is. A.M. Best reviews the financial strength of a company and their ability to meet responsibilities.

Geico has average ratings in all areas reviewed by JD Power. They have four out of five stars for policy offerings and pricing. Ease of contact, billing and overall satisfaction are all three stars for this insurance giant. Their rating from A.M. Best is an A++ (Superior) for their strong performance, brand name recognition and excellent market position.

USAA receives five stars across the board from JD Power. They also have an A++ (Superior) rating from A.M. Best for their low cost structure, impressive customer retention and excellent use of technology.

Membership

There is one area where Geico beats USAA and that is in membership. Geico is open to all member of the purchasing public. They will review driving record and may turn down drivers with poor records, but they are open to military personnel and civilians.

USAA was created by and continues to cater to the military services. Membership is open to all people who have served in the armed forces including active duty personnel and veterans. Membership is also open to spouses, widows, widowers and former spouses of USAA members. Children of USAA members can also become members and take advantage of the excellent discounts.

Dividends

USAA stands apart from most other countries with their private ownership and payment of dividends. A portion of the profits are returned to members on an annual basis. This is a feature Geico can’t offer that USAA members greatly enjoy.

Discounts

Most insurance companies offer discounts to reward their customers. Geico and USAA both offer a wide range of discounts that customers can take advantage of, including the following:

• Safe driver
• Vehicle safety equipment
• Security alarms
• Good student
• Multiple cars
• Multiple products
• Basic driver training

USAA offers additional discounts for owners of new vehicles and people who are second, third or fourth generation members. The bottom line is that both companies offer competitive, attractive rates.

State Coverage and Overseas

Both companies are active in all fifty states and can provide you with coverage regardless of where you live in the country. Only USAA can also provide you with long-term insurance coverage should you be required to move overseas. However, Geico does offer short-term insurance coverage in some overseas locations for people who are traveling there on vacation and might want to do some driving.

There are pros and cons to either company. If you own an RV or motorcycle and want the convenience of only having one bill, then Geico might be the company for you. However, USAA typically offers lower rates and is well-known for their excellent customer service.

Each company has a long history and has withstood the rigorous test of time. Both agencies are fiscally responsible and financially sound. Reviews of each are generally positive and both companies are definitely worth taking a closer look at if you are in the market for insurance.




3 Coverage Options for Allstate Auto Insurance

October 3rd, 2011 Chad Posted in Insurance Companies No Comments »

Allstate is one of the biggest names in insurance across the nation. Providing you the protection you need for your home, property, life and even recreational vehicles, the company assures customers that they are “in good hands”.

When purchasing insurance from Allstate, it is important to understand the different coverage options that are available. Here is the information you will need to know before choosing an insurance policy with Allstate.

Liability

This coverage is necessary to provide you with peace of mind when you are traveling the nation’s highways. It is what protects other drivers should you cause an accident and it is the insurance that will save you from being sued on a personal level. There are several different options under liability coverage. Here is what you must know about each of them.

Basic Liability – This coverage is mandated by state law and can not be dropped. It pays for damages to other vehicles and injuries sustained by other people when you cause an accident. It will shield you from lawsuits by paying for the damages up to the maximum coverage level you select.

It will not pay for damage to your own car, nor will it pay for your own medical expense. The coverage also is limited to your coverage level. If the damages exceed your coverage level then you will have to pay the difference or face a lawsuit.

Medical Payments – It’s always a good idea to have extra medical coverage, especially given the high cost of medical care in the country. This liability insurance is designed to cover the injuries sustained by you, your passengers and any family members that are in the insured vehicle. This coverage will kick in regardless of who causes an accident.

Underinsured/ Uninsured Motorist – Your insurance will pay when you cause an accident, but if someone else causes the accident they expect that party to pay for the damages to your car. If they don’t carry high enough levels or are completely uninsured then they will be personally responsible for the damages. You will have to sue them and go through a lengthy process with the courts, and the damages to your car will not be fixed in the meantime. When you have this coverage, your insurance company will take care of the damages and then they will handle the legal aspect of getting the responsible party to actually pay for the damages.

Vehicle Protection

Things happen and there’s not always a clear party at fault for an accident. Black ice can cause you to slide off the road and hydroplaning can happen in any good rainstorm. Vandals can cause damage to your car and falling tree limbs have been known to crush roofs. The only way to ensure that your car will get repaired should something like this happen is to properly insure it.

Collision – This is the coverage that will pay for repairs if your car is damaged on the road from road debris, single-car accidents or other mishaps.
Comprehensive – This coverage typically takes care of most things that might happen while a car is parked; including theft, vandalism and storm damage. It is required on most vehicles that are financed.

Additional Coverages

The options for insurance coverage don’t end with basic liability and vehicle protection. There is a range of additional coverage offered by Allstate to keep your car safe and your family protected. Here are the programs you can take advantage of.

– Personal Injury Protection – Medical bills aren’t the only expenses you might face after an accident. This protection will also help replace lost income, pay for child care and cover other miscellaneous costs.
– Towing and Labor Costs – Even new cars can break down and you can expect to spend $80 or more on a tow. Invest in this coverage so you can call for a safe and convenient tow if the car should break down.
– Rental Reimbursement Coverage – When your car goes in the shop you still need a way to get around. This coverage will reimburse you for the expense of renting a car while yours is being repaired.
– Sound System Coverage – That sound system you installed can be expensive and you really enjoy it. Replacing it after an accident or in the case of theft can be expensive. Standard policies won’t cover after-market equipment like this, but you can be protected if you invest in the right coverage with Allstate.

Customers with Allstate put their trust in the insurance company and have done so for more than 75 years. When it’s time for a new insurance policy, keep this information in mind so you can get the best coverage available for your individual needs.