Arizona Auto Insurance Basics

August 23, 2009

This is a quick summary of Arizona Auto Insurance coverage options. Each company will have slight variations on each coverage and options available but this is a simple summary that explains how each coverage will protect you if you were in an accident, your fault or not.

After looking this over, take 3 minutes and fill out our quick quote form to get your Arizona Auto Insurance quotes.

When selecting Arizona auto insurance you are faced with many choices. For your convenience, the following is a general overview of the basic components of an Arizona auto insurance policy. Please keep in mind that the coverage descriptions below are for your convenience only in reviewing this form; the descriptions are not intended to, and do not, describe, summarize or represent the actual language, terms or conditions of any Phoenix Arizona Auto Insurance policy you may purchase. Always Read Your Policy. Instead, the Arizona auto insurance policy you purchase will define and describe the coverage, terms and conditions of your auto insurance. Bodily Injury Liability – Protects you by paying Bodily Injuries sustained by a third party, up to policy limits, due to an accident caused by you or a permissive driver driving your vehicle. Property Damage Liability – Protects you by paying Property Damage sustained by a third party, up to the limits, due to an accident caused by you or a permissive driver driving your vehicle. Uninsured Motorist – This pays you and/or passengers what should have collected from the at fault party when they have NO insurance or it is a hit and run accident. This is for Bodily Injury claims only and does not cover your vehicle. Underinsured Motorist – This pays you and/or passengers what should have collected from the at-fault party when they have INADEQUATE insurance. This is for Bodily Injury claims only and does not cover your vehicle. Medical Payments – This pays for reasonable medical and funeral expenses incurred up to the policy limit. It covers you and any persons in, entering, or exiting your vehicle without regard to fault. Collision Coverage – This pays for damages sustained to your vehicle in the event your vehicle strikes an object, is struck by another vehicle, or your vehicle overturns. By increasing your deductible you would lower your premium and have higher out-of-pocket costs in the event of a claim. By decreasing your deductible you would increase your premium and have lower out-of pocket costs in the event of a claim. Comprehensive (Other than Collision) Coverage – This pays for most damages that are not caused by a collision: hail, wind, fire, theft, falling objects, vandalism, collision with an animal, and others perils. By increasing your deductible you would lower your premium and have higher out-of-pocket costs in the event of a claim. By decreasing your deductible you would increase your premium and have lower out-of-pocket costs in the event of a claim. Full Glass Coverage Option – In the event you have a glass claim only, there would be no out of-pocket expense. Rental Reimbursement – In the event your vehicle is involved in a collision or comprehensive claim, the insurance company will pay for a rental car while your vehicle is being repaired up to the policy limits. Towing/ Emergency Road Service – In the event your vehicle becomes disabled, the insurance company will pay to have your vehicle towed up to policy limits. Loan/ Lease Gap Coverage – In the event your vehicle is a total loss, this coverage would pay the difference between what you owe on your loan and the actual cash value of your vehicle. This coverage can only be applied if you are the original owner and made the purchase within the last 12 months. Get Auto Insurance Quotes From InsuranceRenegade.com: Phoenix Auto Insurance Chandler Auto Insurance Mesa Auto Insurance

You can print or save a copy for your personal use to reference and ask your agent any questions. Naturally, this is written as of today’s laws and does not replace what your policy actually says regarding coverage and limits. It’s simply a useful guide to prepare yourself as you’re shopping for quotes and comparing rates and coverage.

Posted by Matt Fox | Filed Under Arizona Auto Insurance | Leave a Comment

Arizona Auto Insurance Rate Changes

August 14, 2009

Save Money Car Insurance In Phoenix The past couple of years have seen some add changes in Phoenix auto insurance rates. As an independent insurance agent we get to see one company drastically raise their rates while another drastically slashes their rates. However, one thing remains constant, the way insurance companies rate Arizona Car insurance is changing and becoming more complicated.

We often hear, “I don’t have any tickets or accidents, why don’t my insurance rates go down?” Well, Phoenix auto insurance rates are more complicated than just tickets and accidents. Here are some factors most people don’t think about that can effect rates on your car insurance in Phoenix…and all of Arizona.

Your credit – I know you’re thinking, “What does credit have to do with insurance?” Well, a lot I guess because it’s a huge rating factor and is often where insurance companies base your tier placement first. This tier placement is then a percentage discount or surcharge off the base rates of your car insurance. So, bad credit equals higher insurance costs. They have proven a correlation that bad credit equals higher claims rates. I don’t know if it’s true but if you’re worrying about money while driving down the road, chance are you’re not totally focused driving.
Where you live – Insurance rates are based on geographic conditions. Someone living in downtown Phoenix will probably pay more than someone in North Scottsdale or on the skirts of Chandler, Gilbert or East Mesa. Why? More accidents will occur in downtown Phoenix because there are more drivers there every day. More accidents in your zip code equals higher rates.
Glass Claims – Non-fault accidents, including glass claims generally will not cause you to lose your good driver discounts. However, many companies are now counting glass claims as a reason to place you in a higher tier for rating, like credit. This is because those with 1 or 2 glass claims per year are likely to have 1 or 2 in the next couple years. This causes the overall price of insurance to rise for everyone and they want to ‘section off’ those with high glass claims from those without.

Please, don’t yell at me. I’m just the messenger that quotes the rates. I don’t make the rates.

While insurance is there to pay for claims. Be careful on what you claim. If your windshield has a chip in it, repair the chip don’t replace the entire windshield. If you can do anything to improve your credit, do it. If you’re thinking about moving ask you agent about rates in the new zip code.

If you want to compare rates, fill out our easy 1 page quote form and let us shop your Phoenix AZ Auto Insurance for you.

Posted by Matt Fox | Filed Under Phoenix Auto Insurance | Leave a Comment

Shopping For Phoenix Auto Insurance?

August 12, 2009

Are you shopping for Auto Insurance in Phoenix, Mesa, Scottsdale, Gilbert, Tucson or anywhere else in Arizona? Beware of what forms you fill out online. There are online companies that sell your information to insurance agents and you have no control of who or where they sell your information. Watch this short video explaining what to watch out for.