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Apache is functioning normally

May 27, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

According to the National Highway Traffic Safety Administration (NHTSA) there were more than 5.6 million police-reported crashes in the U.S. in 2013. No doubt these crashes can take a huge emotional and financial toll on those impacted – and you might be surprised to learn what your policy covers, and doesn’t cover. The price tag for those crashes: $871 billion in economic loss and societal harm in 2010 also according to the NHSTA.

If you find yourself in an accident, it’s easy to feel frustrated, overwhelmed and scared. But there are a few things you can do to protect you and your money before and after an accident.

Prevention Before an Accident

Consider purchasing rental car coverage. This will pay for you to have a rental car for the time your car is in the shop being repaired. The coverage is inexpensive, but paying for a rental during a long repair can add up quickly.

Many car insurance policies offer coverage that you may not know about, so make sure your auto insurance policy is up-to-date and provides the right amount of coverage for you and your vehicle. Many minor details can make a huge difference when you need to file a claim after a collision.

Keep copies of your insurance policy and registration in your vehicle at all times.

Steps to Take After an Accident

Safety is paramount. Get you and all passengers to a safe spot and wait for help to arrive.

Get everything documented as quickly as possible and share information with the other driver including make, model and license plate. You’ll also want to get the other person’s contact and car insurance information so the claims process will go much more smoothly.

Take photos and gather witnesses. If you have a smartphone, it can be helpful to take photos of the damages, especially if you know you weren’t at fault and want to prove it. If you can find eyewitnesses and collect their contact information to give to the police and to your insurance company, that’s even better.

You may see a rate hike on your monthly insurance premiums if you are found to be at fault. Keep in mind if you have been accident free for a long time, many carriers will forgive your first at-fault accident.

If you are working with an independent agency like CoverHound, ask them to check all of their carrier partners for a better policy. Many carriers specialize in different risk profiles, so it’s possible another carrier they represent may have a better policy for you. Not all wrecks will result in a rate hike, but being proactive and working with your insurer is important after an accident. If you’re looking to get more from your provider, then you can switch insurers to take advantage of low rates.

This article was written and sponsored by CoverHound, where you can compare car insurance rates in as little as 3 minutes.

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Apache is functioning normally

May 3, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

Whether you’re getting married, putting your teen behind the wheel for the first time, or buying your first home, a big life change can have a ripple effect on your finances.

While it might not be top of mind, one of those effects could be your car insurance. There’s a lot more that goes into calculating your rates than the standard questions about age, gender, and driving record. When you hit a major milestone in life, your new status can impact those rates in unexpected ways.

Here are five events that might trigger a change in your insurance.

1. Getting Married

Good news for honeymooners: in most cases, being married will lower your car insurance rates! Adding a partner to your insurance could spell savings for your household, especially for younger couples. It turns out that married people are less likely than single people to get into accidents. Ah, the perks of true love.

2. Buying a Home

One of the biggest milestones in life is buying your first home. While homeowners coverage is a must, becoming a homeowner might actually affect your car insurance, too.

Like married people, homeowners tend to see better rates on car insurance. Those savings could be even higher when you bundle your auto and homeowners policies with the same insurer (not to mention more convenient).

Buying a home also means that you might want to take a look at boosting your auto coverage. Look for polices that protect your assets and take care of legal costs-bodily injury, uninsured/underinsured motorist bodily injury and property damage are your best options. As you build up equity in your home, you’ll want to make sure your investment is safe, no matter what happens.

3. Adding a Teen Driver

As nervous as you may be to see your teenage child in the driver’s seat for the first time, you’ll feel better when they’re protected under your insurance policy.

Teen drivers need to be covered as soon as that driver’s license is in their hands. Your rates will probably increase, because this age group has much higher accident rates than older drivers, which makes them riskier to insure.

However, there are a few things you can do to help keep your rates low. For instance, when you add your teen to your policy, check to see if you qualify for a multi-driver discount. Likewise, if your teen has his or her own car, you could get the multi-car discount. Good students can help lighten the load as well. Many insurers offer discounts to young drivers who keep their grades up.

4. Getting Divorced

If you and your spouse are parting ways, it’s important to make sure both of you-and any dependents you might have-are still covered.

Once you’ve divvied up the cars, you and your ex will need to get separate policies. The change in circumstances makes this a good time to comparison shop, especially because you may be losing out on discounts you enjoyed as a married couple (for instance, a multi-car discount).

If you’ll be sharing custody of teen drivers, check with your insurance company to find out whether you both need to list your teen on your policy-and factor that into any quotes you get.

5. Getting a Raise

Now that you’ve got a little extra cash in your pocket (and perhaps some financial benefits, like stock), it’s time to take another look at your policy. Consider upping some of your coverages, like bodily injury and property damage, to make sure that if an accident happens, your income (and growing savings) will be protected. These policies cover medical bills as well as legal fees if someone involved decides to sue. Putting a little extra money toward your premium today can pay off big time down the road.

During a major life event, there’s a lot to think about. If you need help figuring out how to handle the big changes (insurance-wise, that is), talk to your insurer to make sure you’re adequately protected-and getting the best deal possible.

Eric Madia is Vice President of Product Design at Esurance, where he is responsible for designing the company’s personal lines products. Eric has 23 years of experience in the industry, focused primarily on underwriting, pricing, and product innovation. You can follow him on twitter @Erictheactuary.

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Teen Drivers: 10 Things You Must Know About Your First Car Insurance Policy

January 13, 2023 by Brett Tams

Teen Drivers: 10 Things You Must Know About Your First Car Insurance Policy is a post from Pocket Your Dollars.

Posted in: Breaking News, Car Insurance Tagged: 2, All, ask, at home, Auto, Behavior, big, borrowing, Buying, car, Car Insurance, Clean, College, cost, Crisis, custom, death, death benefit, Deductible, Drivers, drives, driving, education, expensive, experience, Family, financial crisis, Financial Wize, FinancialWize, General, good, great, home, Insurance, job, Make, making, money, More, new, offer, Other, rate, Rates, risk, safety, save, Sports, story, student, students, tips, Top Tips, under, will

Why Did My Car Insurance Go Up?

January 12, 2023 by Brett Tams

Why Did My Car Insurance Go Up? is a post from Pocket Your Dollars.

Posted in: Breaking News, Car Insurance Tagged: 2, All, Auto, auto insurance, blue, california, car, Car Insurance, cars, cost, crash, Credit, credit cards, crime, Crisis, Drivers, driving, expense, expensive, financial crisis, Financial Wize, FinancialWize, General, Giving, good, Grow, guide, hawaii, impact, Insurance, insurance costs, Live, Loans, Local, low, Make, Massachusetts, Medical, miles, money, More, more money, negotiating, neighbors, new, News, Other, Raise, rate, risk, risk and reward, save, single, states, statistics, Technology, theft, town, trust, weather, will, young

How To Find A Reliable Auto Insurance Company

January 10, 2023 by Brett Tams

How To Find A Reliable Auto Insurance Company is a post from Pocket Your Dollars.

Posted in: Breaking News, Car Insurance Tagged: 2, advice, agents, All, Arkansas, Auto, auto insurance, Banking, big, business, Buy, car, Car Insurance, Choices, clear, Colorado, company, Crisis, data, Deals, driving, experience, Family, farm, financial crisis, Financial Wize, FinancialWize, fire, good, great, guide, Guides, hawaii, How To, idaho, Illinois, Insurance, insurance coverage, internet, list, Live, Local, Main, maine, Make, Maryland, Michigan, More, nebraska, needs, offers, office, Offices, Opinion, Oregon, paint, Personal, policies, questions, rate, Regulation, Review, Reviews, safety, searching, securities, state farm, states, texas, tips, under, united, Utah, virginia, will, work, working

Safeway Insurance Company Review

January 9, 2023 by Brett Tams

Safeway Insurance Company Review is a post from Pocket Your Dollars.

Posted in: Breaking News, Car Insurance Tagged: 2, affordable, agent, agents, Alabama, All, Arizona, Arkansas, Auto, auto insurance, basics, before, big, bills, california, car, Car Insurance, Colorado, company, Consumers, cost, country, Credit, credit card, credit score, Crisis, custom, Demographics, driving, expenses, financial crisis, Financial Wize, FinancialWize, Georgia, good, good credit, habits, home, Home Insurance, homeowners, homeowners insurance, Illinois, install, Insurance, insurance coverage, Life, life insurance, Local, louisiana, lyft, Make, Medical, medical bills, mississippi, money, More, more money, needs, new, offer, offers, organization, Other, payments, Personal, premium, property, protection, rate, Rates, Review, Reviews, rideshare, risk, save, Save Money, savings, shopping, states, Tennessee, texas, Uber, united, wall, wealth, weather, will, work

The General Insurance Review

January 9, 2023 by Brett Tams

The General Insurance Review is a post from Pocket Your Dollars.

Posted in: Breaking News, Car Insurance Tagged: 2, All, Benefits, big, bills, car, Car Insurance, childcare, Credit, Crisis, custom, Deductible, Drivers, driving, expensive, experience, Family, farm, financial crisis, Financial Wize, FinancialWize, gas, General, history, Homeowner, homeowners, homeowners insurance, Insurance, insurance coverage, insurance premiums, Main, Make, Massachusetts, Medical, medical bills, Michigan, money, More, Moving, new, New Jersey, offer, offers, Other, payments, Personal, policies, products, proof, property, protection, Purchase, rate, Rates, rental, Review, Reviews, save, state farm, states, united, wages, waiver, will

Apartment Industry and its Residents Contribute $3.4 Trillion to the Economy

January 8, 2023 by Brett Tams
Apartment Industry and its Residents Contribute $3.4 Trillion to the Economy

A new study commissioned by the National Apartment Association and the National Multifamily Housing Council reveals that the apartment industry and its residents contribute more…

The post Apartment Industry and its Residents Contribute $3.4 Trillion to the Economy first appeared on Century 21®.

Posted in: Car Insurance Tagged: 2, All, apartment, apartments, century21, construction, data, Economy, existing, Financial Wize, FinancialWize, Housing, impact, industry, More, Multifamily, National Multifamily Housing Council, new, new construction, Operations, renovation, Spending, will

Apartment Industry and its Residents Contribute $3.4 Trillion to the Economy

January 8, 2023 by Brett Tams
Apartment Industry and its Residents Contribute $3.4 Trillion to the Economy

A new study commissioned by the National Apartment Association and the National Multifamily Housing Council reveals that the apartment industry and its residents contribute more…

The post Apartment Industry and its Residents Contribute $3.4 Trillion to the Economy first appeared on Century 21®.

Posted in: Car Insurance Tagged: 2, All, apartment, apartments, century21, construction, data, Economy, existing, Financial Wize, FinancialWize, Housing, impact, industry, More, Multifamily, National Multifamily Housing Council, new, new construction, Operations, renovation, Spending, will

Cheaper Used-Car Insurance: How to Save

January 8, 2023 by Brett Tams

Cheaper Used-Car Insurance: How to Save is a post from Pocket Your Dollars.

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