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Posts Tagged ‘ auto insurance ’

Is Auto Insurance Cheaper for Homeowners?

Monday, August 5th, 2019

Plenty of homeowners wonder if owning a home affects their car insurance. You might even find “do you rent or own your home?” is a frequently asked question when you’re shopping for car insurance. And there’s a good reason for this!

The truth is, owning a home CAN affect car insurance rates, so let’s go over how that works.

Homeowners Discounts

One of the ways owning a home can help you save money on car insurance is if you qualify for a homeowners discount on your auto insurance policy.

If you’re a homeowner, be sure to ask your insurance agent if this discount is available to you when you buy a car insurance policy.

Some of the other discounts that might apply to you include paperless discounts, safe driving discounts, and good student discounts.

Bundling Discounts

Most insurance companies offer discounts for policyholders who bundle their coverage. That means having multiple policies with the same company.

The most common form of this is insuring your vehicle and your home with the same company. If you do this, you’ll often be eligible for a generous bundling or multi-policy discount.

Homeowners and Auto Liability Coverage

Another important consideration when it comes to being a homeowner and having an auto insurance policy is how much liability coverage you have in your auto insurance policy.

If your car insurance policy doesn’t have adequate liability coverage after you’re at fault for someone’s injuries in a car accident, the injured person could sue you directly.

And what does that mean?

Well, your home is one of your greatest assets, so if you don’t have enough auto liability coverage, your home could be taken.

That’s why most policyholders are strongly encouraged to increase their auto liability coverage above the legally required minimums.

If you’d like to learn more about insuring your home and your vehicle with the best coverage on the market, get in touch with Fargo Moorhead Insurance today!

Insider Tips for Saving Money on Car Insurance

Wednesday, May 1st, 2019

Insider knowledge can be incredibly useful in several situations, and this is especially true when it comes to saving money on car insurance! When you speak with an insurance insider, they’ll provide you with all sorts of helpful tips for saving money on your policy.

At Fargo Moorhead Insurance, we’ve been providing our clients with excellent insurance coverage and options since 1    972. If that doesn’t make us insiders, what does? That’s why we’ve put together some of our most useful insider tips for saving money on car insurance to help you get the best deal possible.

Consider the Cost of Insuring a Vehicle Before Buying It

Let’s say you’ve fallen in love with a certain vehicle and you bought it without considering what it might cost to insure. In that case, it’s usually too late or too much work to return the vehicle. That’s why we always encourage drivers to look into insuring a certain vehicle BEFORE buying it. This way they’ll have an idea of what they might pay for coverage each month and decide if that works with their budget.

Take an Accredited Safe Driving Course

While you may have to make an initial investment in the course, many drivers aren’t aware that by completing an accredited safe driving course they might be eligible for a discount on their auto insurance policy!

Raise Your Deductible

If you’d like to pay a little less each month in exchange for paying slightly more out of pocket in the event of a claim, raising your deductible can be an excellent option for saving money on car insurance. If you have a $500 deductible right now, consider changing it to $1000 and speak to your provider about what that could look like for lowering your monthly premium.

Bundle Your Policies

Most insurance companies offer discounts when their clients bundle their policies. For you, that could look like combining your home and auto insurance policies. In many cases, this results in excellent money-saving opportunities!

Four Things You Should Know About Collision Insurance

Monday, April 1st, 2019

When you purchase auto insurance, you’ll be presented with a variety of coverage options, and deciding which ones you need can be overwhelming. Although there are certain legal minimums all auto insurance policies must include in every state, there are also optional additions that are incredibly beneficial to most drivers.

One of the types of optional coverage you’ll hear the most about is collision coverage. To help give you a better idea of what might be right for you, we’ve compiled a list of things you should know about collision insurance.

What is Collision Insurance?

This type of car insurance protects you if your car is damaged from a collision with another vehicle or an object like a mailbox or a fence. It applies whether you’re at fault for the accident or not.

What Does Collision Insurance Cover?

  • Collisions with other vehicles
  • Collisions with objects or animals
  • Single-vehicle accidents, including rollovers

What Isn’t Covered by Collision Insurance?

  • Another vehicle’s damage (that’s where liability insurance comes in)
  • Yours or another driver’s medical bills. This is where medical expenses coverage is used instead.
  • Damage to your vehicle from something other than a collision, like a falling object or vandalism. Comprehensive insurance is used for these situations instead.

Do I Need Collision Insurance?

If you lease or finance your vehicle, the lender almost always requires that the driver has collision insurance to protect their investment. If you own your vehicle and it is less than 10 years old or worth more than $3,000, it is almost always encouraged for drivers to buy collision insurance.

Another good rule of thumb for deciding if you need collision insurance is to ask yourself if you could afford to replace your vehicle on your own if it were destroyed in a collision. If the answer is no, collision insurance is probably a wise choice!

Our clients are almost always surprised at how affordable collision coverage can be! Contact us today if you’d like to learn about policy options that suit your needs and budget.

The Most Common Car Insurance Claims and How to Avoid Them

Wednesday, February 20th, 2019

It’s essential to have a great car insurance policy in place to protect you when incidents arise with your vehicle, but if you can avoid these incidents in the first place, even better!

A good way to help prevent needing to make a claim is to know the most common reasons for making a car insurance claim and how to avoid them.

  1. Fender Benders: Among the most common car insurance claims is fenders benders, whether it involves you rear-ending someone or another minor accident with no injuries. While you can’t control what other drivers do, practicing safe driving practices is your best bet for avoiding fender benders. Leave plenty of distance between you and other vehicles, don’t drive in unsafe conditions, and follow road rules at all times.
  2. Windshield Damage: Windshields can get damaged in the blink of an eye, and a small chip can turn into a major crack before you know it. If you have comprehensive auto insurance, you’ll help protect yourself from the cost of replacing your windshield. To avoid having to make a claim for replacing your windshield, be sure to have small chips addressed as soon as possible before the entire windshield needs to be replaced.
  3. Storm Damage: Storms can come on suddenly and cause plenty of damage to your vehicle and other property in a matter of minutes. One of the most common claim types made by drivers is for storm damage to their car, often from hail or falling trees. Having a protective coating applied to your vehicle can help you avoid hail damage, and although it requires an initial investment, it can save you plenty of money in the long run. To avoid other types of storm damage, store your vehicle in a garage or other covered area as often as possible.

These are a few ways to help protect your vehicle from the common cause of car insurance claims, but be sure to have a comprehensive auto insurance policy in place for extra protection! Contact Fargo Moorhead Insurance today for information on our affordable and flexible policies.