AUTO INSURANCE AND BOAT INSURANCE
What factors affect my auto insurance premium?
- Whether or not you get collision and comprehensive coverage.
- Driving record – This is obvious. The more claims, tickets and DUIs you have, the higher your insurance premium will be.
- Your deductible
- Your maximum liability insurance coverage
- Model of car insured – The fancier the car, the more you’ll pay.
- Insured location – The location of your vehicle is an important factor when determining your insurance rate.
- Credit score
- Type of driving Whether you use your car for business, pleasure, or commuting can affect insurance rates.
- How much you drive.
- Age Young drivers under 25 usually pay much more than drivers over 25.
- Gender Males between 16 and 25 typically pay more than females. Why? In general, women take fewer driving risks.
- Car Features Safety features and theft prevention devices lower car insurance premiums.
Do all states require me having to buy Liability insurance?
Liability is required in every state unless you can prove financial responsibility otherwise. Requirements for financial responsibility and minimum liability requirements can be found on your state insurance commissioner’s page. Limits vary widely from state to state and, if you carry the minimum limits, when you drive into another state you will automatically assume that state’s minimum liability requirements
How do I help keep my insurance from being cancelled?
By maintaining a clean driving record, investing in special safety and security features for your car and paying your premium you can help assure that you retain coverage. Additionally, if you’ve been in an accident you can take a defensive driver course.
What happens if I let someone borrow my car? Is that person covered by my policy? Am I still covered?
The answer is usually yes. In general, coverage follows the vehicle, not the driver, which means that the coverage you purchased for your vehicle will cover the car regardless of who’s driving it. Plus, if the driver of your car is insured, his/her policy will also be available to cover the cost of damages and injuries caused in an accident. The same principal applies if you were to borrow someone else’s vehicle. Your coverage follows you in whatever vehicle you are driving.
Am I covered during natural disasters or what the fine print calls “Acts of God”?
An “act of God” is a term used to describe destructive events beyond our control. Floods, hurricanes, tornadoes, fires, snowstorms and hail, among other natural events, all fall in the category. Comprehensive insurance, which covers you for theft and fire, usually protects you when these types of events cause damage. If you have specific concerns about the safety of your vehicle in natural disasters, contact your Mallory Agency service rep for information on catastrophic coverage.
How do I challenge my insurer if they refuse to pay my claim?
Typically, companies that refuse to cover a claim have a good legal reason for doing so- even if you don’t agree. Contact Mallory Agency if you feel like you are being treated unjustly. Your agent is your strongest supporter in these matters. However, if your agent exhausts all options and you want to take legal action you may need to hire a lawyer.
How can lower my auto premiums?
Call Mallory Agency and talk to an agent about ways to reduce your auto insurance premiums. Some possible discounts include:
- Multi-policy discounts are given when you have more than one policy with the same insurer (i.e. Home and Auto).
- Safe driver discounts for those that remain claim-free.
- Safety features such as anti-lock brakes, air bags, and anti-theft devices may help lower your premium.
- Higher deductibles on comprehensive and collision coverage can lower your premium.
- Defensive Driver and Driver Training courses can help, especially if you are a student or have been in an accident.
- Pay in full discounts offer up to a 10% reduction in cost when you pay your premium in full.
What is meant by “full coverage”?
Each state is different, but usually the term “full coverage” includes your state’s legally requires liability coverage as well as comprehensive and collision coverage. This is often times packaged with UM/UIM coverage as well as medical coverage. “Full Coverage” type policies typically includes Bodily Injury, Property Damage, Uninsured and Underinsured Motorist, Damage to a covered vehicle, theft, fire and any other coverage available such as: rental car towing, road service or additional equipment coverage. You can find out what coverages you have by looking at your policy declarations page or by calling your Mallory Agency representative.
When renting a vehicle, do I need to purchase the insurance coverage offered by the rental company?
If you have auto insurance protection on your personal vehicles, you do not need to buy extra insurance.
If my car needs repairs and I need to rent a temporary vehicle, is the rental car covered on my auto insurance policy?
Rental car coverage is only for vehicles that have been in an accident, not for cars with mechanical problems.
When my child gets a driver’s license do I need to add them to my policy?
Yes. All licensed drivers living in the household need to be listed on the auto policy unless they have their own auto insurance elsewhere.
Who is covered by auto insurance liability?
An auto insurance liability policy typically covers the following people:
- Named insured – the person or people named in the policy, no matter what car they are driving.
- Spouse – even if the spouse of the named insured is not named on a policy, liability insurance almost always covers him or her, unless the couple does not live together.
- Other relative – anyone living in the household with the named insured related to the insured by blood, marriage or adoption, usually including a legal ward or foster child.
- Anyone driving the insured vehicle with permission — someone who steals the car is not covered.