Author: Steve G

Insurance blog, articles, and news written by Stephen Gebhardt, founder and CEO of Gebhardt Insurance Group an Insurance agency in Casa Grande, Arizona.

Motorcycle Insurance Components and Coverage

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Motorcycle Insurance Components

Cruising down an open country road is a symbol and feeling of freedom like no other. Many drivers gravitate to a bike for the thrill, speed, and friendship that is commonly associated with motorcycle enthusiasts. But along with this freedom and excitement come many risks.

In 2019, the Arizona Department of Transportation reported that there were 2,679 motorcycle crashes throughout the state. This led to 170 deaths and 2,235 injuries. Many factors contribute to collisions and accident severity including speed, alcohol use, seat belts, and distractions.

All states have liability insurance requirements for motorists that vary by state. To register any vehicle in Arizona, you must show evidence of financial responsibility coverage. Those buying motorcycle insurance should understand the required and optional coverages available and the factors that influence the price of premiums.

Benefits

There are many benefits to owning a motorcycle over a car. The cost of an average priced motorcycle is much less expensive than buying a new or used vehicle. Owning a bike allows you to save money on upfront vehicle costs. Maintenance and repair costs can also be cheaper.

Motorcycles also tend to be much more fuel efficient. The average motorcycle can travel 120-200 miles on a single tank of gas depending on vehicle, tank size, and road conditions. They are also more space efficient when it comes to storing in a garage or lot.

Risks

Motorcycle riders are at a greater risk of suffering injuries or being killed in accidents. This is due to open exposure, as compared to being enclosed in the metal frame of a car.

Helmet use is one key factor that affects the severity of accident injuries. Roughly 20 states have laws that require riders to wear helmets. The state of Arizona does not have helmet requirements for riders over the age of 18. However, the use of protective glasses or a face shield is required.

Motorcycles also carry financial risk. Motorcycles are easier to steal than other vehicles because they are smaller and harder to lock. They also experience more damage in the case of an accident or weather event.

Motorcycle Insurance Coverage Limit in Arizona

The minimum amount of coverage for motorcycle operators is the same as passenger vehicles. These requirements are $15,000 in bodily injury coverage per person and $30,000 per accident. Property damage coverage of $10,000 or more is also necessary.

Motorcycle Insurance Coverage Options

Bodily Injury: Pays for injuries when you are at-fault. Does not provide coverage for injuries that you incur. (See Medical Payments)

Property Damage: Property damage coverage is for vehicles or other property that is damaged that you are liable for.

Collision: Collision insurance will pay for the repair or replacement of your motorcycle from a crash involving another vehicle or object. This applies even if you are at-fault.

Comprehensive: This type of coverage pays for roadside assistance and damages from storms, fire, vandalism or theft.

The majority of comprehensive and collision insurance policies have a deductible. The deductible amount is a total that the insured must pay before the insurance kicks in. For example: Your bike has $1,000 in damage. If your deductible was $500, you are responsible for paying $500 and then, the insurance will cover the remaining balance.

Uninsured & Underinsured Motorist:. Uninsured motorist protection pays for your damages when the at-fault motorist does not have liability coverage. In accidents where damage is severe and the responsible party does not have enough liability coverage, underinsured motorist coverage may apply.

Medical Payments: Pays for costs including medical bills, funeral costs, and sometimes, lost wages that result from an accident. It is not as common because many people use health insurance policies instead.

Guest Passenger Liability: Unlike regular vehicle insurance, motorcycle insurance may or may not include liability coverage for passengers. You should review the terms of the policy and add optional guest or passenger coverage as needed. Keep in mind that the state requires passengers to have a seat and footrests.

What Factors Influence Motorcycle Insurance Rates?

There are a number of factors that insurance companies consider that impact rates such as:

  • Age. Younger people tend to exhibit riskier behavior and typically have higher rates.
  • Style. The type of motorcycle being covered influences rates. Sport or racing bikes typically have higher premiums.
  • Driving Record. Driving and claims history are generally considered.
  • Location. If you live in a busy urban area with higher accident and theft rates, you may have a higher premium.
  • Usage. A bike that is used on a daily basis will cost more to insure than a bike used only on weekends.
  • Cost of Parts. If you have collision coverage and/or comprehensive coverage, the cost of repairing or replacing your bike will impact premiums.

Motorcycle Insurance Discounts

Insurance agencies often give discounts to safe drivers. Riders who have taken motorcycle safety driving or military safety courses may qualify for discounted rates.

Members of groups like American Motorcycles Association (AMA) and Harley Owners Group (HOG) are frequently eligible to get discounts as well.

Purchasing motorcycle insurance through the same carrier where you buy home or auto insurance may qualify you for a bundle discount.

Experts suggest that shopping around and getting multiple quotes before deciding on a policy ensures that you get the lowest rate.

Traveling Outside the U.S.

The majority of motorcycle insurance policies issued in Arizona extend coverage when traveling into Canada. Many policies do not provide coverage for traveling in Mexico. According to Mexican law, visitors should purchase a separate policy for liability.

Motorcycle Insurance in Casa Grande

At Gebhardt Insurance Group, we provide excellent options for motorcycle insurance. Our insurance agents take the time to find you a policy that covers your specific needs at a highly competitive price.

Discounts are available for those who bundle other forms of insurance with their motorcycle policy. Contact our office today at (520) 836-3244 for a motorcycle insurance quote!

How to Compare Car Insurance Rates

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Compare Car Insurance Rates

When trying to figure out how to buy car insurance, the options can seem overwhelming. There are many companies to choose from and even more advertisements trying to convince you that one company is better than another. Every auto insurance company has their own auto insurance rates and individual formulas for calculating those rates. Unfortunately, most companies try to keep their formulas very secretive therefore it can be difficult to compare car insurance quotes and assess what factors may make one one quote higher than another.

There are many businesses and websites dedicated to offering comparison tools and evaluations each year, but to be sure that you are getting accurate information, it is advisable to do the research yourself or to hire an independent insurance specialist whose only goal is to find you the best deal.

In order to compare car insurance rates, there are many factors to be aware of. At Gebhardt Insurance Agency, we want you to make the most informed decision to save money. Keep reading to find more information about what factors may be affecting your rate and how to compare auto insurance quotes.

Factors That Affect Your Rate

Driving Record

The number one factor that car insurance companies use to determine your rate is your individual driving record. There are many aspects that play into this factor such as a limited history, claims, at-fault accidents, and other incidents. It is rare to find a company that will not use a checkered history against you when determining rates, but different companies definitely factor this into account in different ways therefore it is worth it to shop around if your driving record is affecting your premiums in a negative way.

Accident Record

At-fault and no-fault claims affect your rates in different amounts but each will play a role in your rate. Typically, having one or more at-fault claims or violations on your record will cause your premiums to increase for at least 1-3 years. Some companies vary in this therefore it is good to assess quotes for future possibilities.

Checking how rates fluctuate with an at-fault accident on your record at one, three, and five years after the incident will give you a good indication of how an accident will affect you. It is sometimes the case that you would actually save money paying for a low-cost accident out of pocket rather than reporting a claim to your insurance because of rate increases.

Many insurance companies now offer accident forgiveness options to be added to policies that will give you a locked rate if you have under 2 no-fault claims on your record.

Incident Record

Incidents may include a DUI, DWI, reckless driving, or any ticket for something similar. Depending on the severity of the incident, your rate may be affected significantly even so much as disqualifying you from purchasing insurance from certain companies. In this case you may need to carry non standard insurance and those options will vary by company. Typically an incident of this nature on your record will affect your rate from 3-10 years therefore it is necessary to assess these options if you have an incident on your record. Sometimes switching companies may lower your rate if you are currently being penalized for an incident.

Age

It is commonly known that age plays a factor in auto insurance rates. Teen drivers notoriously have the highest rates of any age demographic, followed by senior citizen drivers. Adding a teen to your policy or aging can sometimes double your rates therefore changes in your life status should always be cause to go shopping for car insurance.

On the flip side, drivers between the ages of 25-60 may see a drop in rates with a clean driving record therefore reassessing your insurance company when you reach any age milestone could be beneficial.

Gender

Some states such as California, Hawaii, Massachusetts, Montana, North Carolina, Pennsylvania and Michigan have passed laws banning the practice of using gender as a rate determining factor for car insurance rates.

In other states though, companies use this as a factor based on accident and incident data. For instance, sometimes, adult women drivers are charged a certain percentage higher premium than their male counterparts while the reverse is true for teen drivers. Teenage males are typically deemed more reckless drivers therefore their rates will be higher than a teen girl without violations.

Vehicle

The type of vehicle being insured plays a huge role in your insurance rates. This is because the cost to replace your vehicle in the case of an accident will be much higher with pricier cars. Typically high priced vehicles such as luxury vehicles or trucks incur higher rates than a sedan or used vehicle. This is a factor to consider when comparing auto insurance rates but also when purchasing a vehicle.

Location

Your area of residence or area where your car is driven the most will play a factor in the rate you receive from any insurance company. Typically, larger cities with a higher concentration of people and vehicle traffic will have higher insurance rates across most companies. The other side of the coin is that rates will be lower for areas that are more rural or that have higher foot than vehicle traffic.

Your home type can also play a factor in your rate regardless of city. For instance, insuring a vehicle that is typically parked in a closed garage in a neighborhood is less of a claim risk for insurance companies than a vehicle that is parked in an open lot at an apartment community with higher risk for theft or accidental damage.

Credit Score

The last but not least major factor that is considered when calculating insurance rates is your credit score. Having a good credit score will provide you with better rates because the insurance company sees a higher chance that your bill will be paid on time and in full. Likewise, having a low credit score with a history of non-payment can affect your premiums and options for coverage negatively. This is not necessarily a factor that all companies use though so if you are concerned that your credit score may affect your rates it is wise to check with a few companies for their policies.

Process of Comparing

When beginning the process of comparing insurance rates it is good to start with a plan of action. Knowing these steps and what to expect will be helpful in ensuring a smooth and easy process.

Know Your Information

Now that you know there are many factors that will affect the rate you are offered from different companies, before beginning your search, you should make a list of all your personal information that could affect your rate. Have on hand your information such as age, address, and vehicle make, year, and model. Also having a description and date of any accidents or incidents will help you to ask better questions when comparing rates.

Having a general idea of your credit score ahead of time can also be helpful because working towards building your credit for a few months before switching to a new plan may help you to lock in a better rate.

Before making any comparisons or phone calls it is a great idea to write down any questions or concerns you may have that way you do not leave anything out when assessing and you will know that you were thorough in your inquiries.

Choose Coverage

Most places have a state minimum of liability coverage that every motor vehicle must carry without exception. It is wise to do your homework and research what your state requires before having conversations about the coverage you need.

Arizona state law requires that drivers carry a minimum of $25,000 per person and $50,000 per accident in bodily injury liability insurance and a property damage liability coverage of $15,000 minimum.

These laws do sometimes change so if you have not assessed your coverage in sometime it is wise to look over your coverage and decide if you need to make some changes.

Collect and Compare

Unfortunately, collecting rate information and comparing prices is the most tedious part of the process of shopping for insurance. If you wish to truly assess all of your own personal information this may require making many phone calls to go through the process of collecting quotes from every insurance company that is popular in your local area.

It is a good idea to seek out which companies are most popular with your friends and neighbors and start from there, you may find that rate differences are negligible or easy to choose from.

Gebhardt Insurance Group

At Gebhardt Insurance Group it is our desire to earn your trust by finding the best rate available for you and your insurance needs. We do not sell our own insurance but shop most major and local companies to compare prices for your specific needs.

If you would like to compare insurance plans but do not wish to do the legwork yourself, we would love to partner with you. Call us at (520) 836-3244 to begin the conversation of buying car insurance today.

General Liability Insurance Cost

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general liability insurance cost

General liability insurance, also known as commercial or business liability insurance, is a base level of coverage that is commonly held by small and large businesses alike. This basic level of insurance is made to cover the cost where you may need insurance most, thus making it the standard across all industries.

Insurance companies cover several forms of injury and property damage under general liability insurance which can help small business owners cover claims they may not have expected.

To learn more about the cost involved to protect your business, keep reading our article below.

How much coverage is enough?

This is the first question asked by business owners who are new to the insurance market. Because more coverage means higher annual fees, businesses want to opt for just the right amount of coverage so their premiums stay low but they don’t have any gaps in the event a claim is filed.

Most organizations opt for $500,000 to $1,000,000 in general liability insurance coverage. This level of coverage tends to be plenty for most companies, but higher risk industries usually want to obtain more coverage.

What Does General Liability Insurance Cover?

Before getting into a conversation about what different levels of insurance might look like for your specific business (and what will influence the cost), let’s first take a look into what general liability insurance actually is.

General liability insurance covers a wide range of problems that could come up while operating your business, such as:

  • Bodily injury of employees or non-employees while business practices are being performed
  • Property damage of the business location or customer property as a result of rendering professional services
  • Personal injury resulting in damaged reputation such as slander, libel, or other defamatory outcomes
  • Legal defense in the event of a lawsuit to cover legal and court fees

When You Need Extra Coverage

Depending on your business, some types of coverage are more important than others. A construction business, for example, benefits from coverage geared toward bodily injury in the event of an employee or visitor injures themselves at the worksite. A law firm might want extra coverage relating to potential claims of legal malpractice.

In cases like these where more specific coverage is needed, business owners can add professional liability insurance or workers compensation to bolster their general liability insurance– this ensures that you are covered for an even wider variety of claims. (You can learn more about these and more in our article on types of business insurance.)

How much does general liability insurance cost?

The cost of general liability insurance varies greatly from hundreds per year to thousands. Many factors play into the pricing of premiums, including the size of the company and the different levels of coverage your business needs.

Here, we will discuss what is covered by general liability insurance, the factors that affect the cost of coverage, as well as the amount of coverage that is available.

How are premiums calculated?

A lot of different factors go into the calculation of insurance rates. When trying to determine ways in which your business might be able to lower their rates, there are a few main factors to take into consideration.

The Number of Employees

As a general rule, the larger your company, the higher your insurance premium. This is because there are more people to ensure and more possibilities for something to go wrong.

Your Product or Service 

As stated before, the higher-risk your product or service is, the more likely you are going to have a higher premium. This is because when you are in a high-risk industry, there is a greater chance for something to break, become damaged, or for an injury to occur.

Years In Business

Generally speaking, the longer your business has been open, the lower premium you will pay. This is because over time, you will be able to show proof that your business is well run with minimal claims or mishaps.

Past Claim History

Insurance companies want to assess the risk involved in your business operations to estimate whether you will be a costly establishment to ensure and defend in the long run. As such, the fewer claims filed, the lower your premium. The more claims filed, the higher.

How Much Will My Coverage Cost?

Coverage costs range widely, with some reports stating that annual cost ranges between $483 and $2,758. These reports also state, however, that the median cost is between $425 and $921.

While these numbers are very general, they can give a sense of how much insurance would cost for a business.

Considering all the different factors that go into calculating premiums, it is best to speak directly with an insurance agent to find the exact rates. Business owners who go to multiple insurance carriers and ask for (or even get an online) quote, helping them find the best combination of cost and service that fits their needs. Sometimes these quotes can even be used as a bargaining tool for obtaining a better rate or better coverage package from a given carrier.

Final Thoughts

General liability insurance is very important for any business to hold. Some states even require it by law. While coverage is sometimes costly, it can be well worth it if a company finds itself on the wrong side of a lawsuit or with injured employees.

At the Gebhardt Insurance Group, we offer a variety of coverage from a host of major insurance carriers with an experienced staff that can help you determine the right coverage for your business. Give us at call at 520-836-3244 to get a quote and make an appointment to take the final steps in insuring your business.

Types of Car Insurance Coverage in Arizona

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types of car insurance

It is a careful balance to choose the right auto insurance policy that meets your needs and fits within your budget. You must obtain the legally required minimum coverage levels, but they stop short if your family is injured in a car crash.

But you cannot have full peace of mind without protection for your vehicle, passengers, and property. They can sustain significant damage and will not receive financial compensation if you don’t buy additional coverage.

You have to decide whether to prioritize low premiums or a low deductible (the amount you pay before the coverage kicks in). And you have to choose the types of expenses and situations your policy will cover.

There are many types of coverage that you can include in your auto insurance policy. Some of these are optional coverages and some are mandatory. You can review them to get a better idea of how much car insurance you need.

Below we will go through the different types of car insurance.

Liability Coverage

While there are many optional coverages, liability insurance is required across the United States.

Liability insurance covers damage to others in car accidents where it is determined that you are at fault. There are two major types of liability insurance: property and medical.

In Arizona, there are mandatory minimum coverage levels for both of these:

  • $25,000 in bodily injury liability for one person or $50,000 for multiple people
  • $15,000 in property damage liability

These two numbers are the baseline of any Arizona auto insurance policy. If you utilize the minimums, you would need to pay out of pocket for any medical expenses or repair costs above those thresholds.

The state can suspend your vehicle registration and even your driver’s license without this coverage.

Collision Coverage

Regardless of who is the at-fault driver, collision insurance pays for your medical bills and to repair or replace your vehicle. Collision coverage would protect you if you crash into another vehicle or hit a stationary object.

Your insurer will provide a check for the vehicle’s value if you total it (which means that repair costs are more than the vehicle’s worth). Check with your agent or broker to see the policy details and up to what amount the plan will cover.

Leased or financed vehicles often require this type of insurance.
If you know you cannot afford to repair or replace the vehicle, you should purchase collision coverage.

Comprehensive Coverage

While collision coverage protects you in the event of a crash, comprehensive coverage pays for damage to your vehicle in other situations, including natural disasters.

Fire, theft, and severe weather events are a few of the most common situations that comprehensive auto insurance covers.

Comprehensive insurance is optional, but the company will likely require it in the policy if you leased or financed the car.

Uninsured Motorist Coverage

A common type of auto insurance is uninsured or underinsured coverage. This goes into effect if someone else causes an accident with you.

They either don’t have any insurance to pay for the damage or don’t hold sufficient coverage to pay for all your expenses.

Even though driving without insurance is illegal, many drivers still do. And many other drivers only have the minimum liability coverage levels.

With that in mind, uninsured and underinsured coverage provides an extra level of protection in accidents where you are not at fault.

Medical Payments Coverage

Another common insurance type is medical payments coverage. In short, this coverage protects you, your passengers, and even family members that were driving the vehicle involved in an accident.

The coverage applies regardless of who the officer determines to be at-fault in the incident.

You can cover medical expenses resulting from an accident with these reimbursable funds. They also cover copays and deductibles of other insurance policies, such as health insurance.

Other Insurance Types

Most insurance companies offer the five coverage types listed above, but those are not the only protections. Below are a few other coverages you may want to consider for your auto insurance policy.

Rental Reimbursement

If you must obtain a rental car or pay for public transportation after filing an insurance claim, rental reimbursement coverage pays for those expenses. This coverage applies while a mechanic repairs your car after an insurance case.

This is helpful for people or families with only one vehicle.

Gap Insurance

Vehicles depreciate over time, and much of that decrease happens the moment you drive one off the car lot.

Auto insurance companies only pay for the vehicle’s actual cash value if a car is totaled, which means it’s possible for a cash payment to be less than what you owe on the car’s lease.

Gap insurance makes up the difference between the balance of your loan and the car is actually worth.

Emergency Roadside Assistance

With emergency roadside assistance, you can receive reimbursement when you call for help if you get a flat tire, run out of gas, or need a tow. This offers peace of mind in the event that you find yourself in any of these situations, which often involve other expenses.

Choosing the Right Auto Insurance Coverage

Every auto insurance policy is different. There are various fixed factors that determine a policy’s price, including the vehicle’s value and the age, gender, and driving record of the vehicle owner.

It’s crucial to understand the different types of auto insurance coverage so you can protect the people and property you care about. While Arizona requires minimum coverage at a low cost, you can still find additional coverage for cheap.

Our team understands every insurance policy is different, and we help you find the plan that works for your needs and budget. As independent insurance specialists, we compare with dozens of insurance carriers and find policies so you don’t have to do the work.

Get a free quote for personalized auto insurance today.

How Much Car Insurance do I need?

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how much car insurance do i need

Car ownership and driving on the road are huge responsibilities. Holding the safety of your vehicle, passengers, and others, it’s natural to want full coverage. However, you may be on a budget, confused about how much car insurance do I need, or have a difficult time switching to cheap car insurance.

The United States has legal requirements for each state with auto insurance, so getting more is a personal choice. Arizona has its own minimum liability and personal injury coverage, but it will not protect everything in a crash.

We recommend having more than the state standard so you don’t have to fear if you get in an accident. Roadside assistance, collision insurance, and other additions to your policy can bring peace during a stressful car crash.

It’s essential to know the types of insurance available to you, the insurance you are required to carry, and other options you may wish to carry. Then, you can decide how much car insurance you need and work with a broker to get it.

Types of Car Insurance

There are several different types of auto insurances on the market. But they all fall under these four main categories: liability, collision, comprehensive, and uninsured/underinsured motorist.

These insurance types are essential to understand because each operates differently and covers different scenarios.

Liability Insurance

Liability insurance covers damages you cause on the road to other drivers and their property. This includes medical bills in the case of bodily injury and repair work for vehicle damage. However, it does not cover damage to you or your vehicle.

Our team suggests carrying more than just the minimum liability coverage. It’s the wisest choice so you don’t end up paying out of pocket if you cause an accident.

Collision Insurance

You’ll want to carry collision insurance for the car insurance company to repair or replace your car in an at-fault accident. Most drivers pay for some amount of collision coverage, even though states don’t require it.

In most cases, leasing companies and lienholders ask you to purchase it on a vehicle you don’t own.

Comprehensive Insurance

Comprehensive insurance pays for vehicle damages that a collision with another car or object didn’t cause. These include hail damage, vandalism, theft, flood, or fire. After you agree on a deductible, the insurance company will pay for repairs.

You may decide not to carry any comprehensive coverage but the policy won’t cover your vehicle in the case of bad weather or break-ins.

Uninsured/Underinsured Motorist

Most states require uninsured or underinsured motorist coverage in situations where the at-fault driver doesn’t have any insurance or enough insurance. It differs from collision and comprehensive coverage to give added protection when your car suffers from someone else’s negligence.

While the opposing driver may not have enough coverage to repair damage to your vehicle or cover your medical bills, an uninsured and underinsured policy will.

Car Insurance Required By Law in Arizona

Because each state has different requirements, it is wise to keep informed of your state’s laws. As a driver in Arizona, it is your responsibility to ensure that you meet the state-required minimums.

The state only requires drivers to carry liability insurance with the following minimum coverage amounts:

  • $25,000 for bodily injury per person
  • $50,000 for bodily injury per accident
  • $15,000 for property damage per accident

These mandatory coverages are pretty low and may only cover part of your vehicle damage in an accident. If you’re found at fault, you’ll have to pay the total amount your car suffered. That means the cost will go straight out of your bank account if it’s higher than the minimum liability insurance.

Arizona has penalties for not carrying at least the minimum amount of coverage. If you are found to be driving without the required coverage, you’ll gain fines and a suspended license. Your consequences increase over time and will not stop until you obtain a policy.

Additional Coverages

There are many additional types of insurance coverage that cover different situations. The following coverages are not required in any state or by most insurance companies but are options you may choose to carry for your own benefit.

Umbrella Insurance

This supplemental insurance is intended to operate as additional liability coverage. You may wish to carry umbrella insurance if your minimum insurance is low or if your chances of incurring liability damages are high.

Having this type of coverage is most important in a lawsuit after a car crash or if you have an expensive vehicle to protect.

Gap Insurance

Gap insurance is necessary to carry if you bought a new vehicle with a financing option recently. The acronym stands for “guaranteed asset protection.”

The amount you still owe on the car loan may be more than what the car is worth if you total it. In that scenario, gap insurance would pay for the difference and put it into your pocket.

Similar to collision insurance, your lienholder may require that you carry this protection as a requirement in your lending agreement.

Personal Injury Protection (PIP)

This type of insurance is available in Arizona and covers medical bills regardless of who is at fault in an accident. Your carrier delivers the reimbursement after you’ve paid for the damages.

It is a good idea to carry some amount of PIP if you don’t have health insurance or your health insurance coverage is lousy.

Rental Reimbursement

If you are in a car accident, you may still need to drive when mechanics are repairing the vehicle. Rental reimbursement insurance covers the cost of a rental car while you don’t have your vehicle.

You may opt out of this coverage, but it’s smart to carry this protection if you don’t have access to another car. The additional monthly cost of rental reimbursement is not very significant and is a substantial help in an incident.

Need Assistance Finding Coverage?

Knowing how much car insurance coverage to carry can seem overwhelming. Of course, you need to carry the state-required minimums, but how do you decide which additional coverages you should carry for your benefit?

Having all this information and these options may make it difficult to choose, but you do not have to figure it out on your own.

Our professional team of experts is available to walk you through your options and help you make the best choices for your specific lifestyle and circumstances. We can compare with over 40 carriers to give you the amount of car insurance you need at a cheap rate.

If you need to review your current coverage or would like to price match for a new car policy, give us a call today.

Golf Cart Insurance in Arizona

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golf cart insurance

If you are the owner of a golf cart for personal or business use, you are not alone. Based on the growth rate and published research, there were an estimated 100,000 carts sold just last year!

There’s no doubt that golf carts can be a lot of fun for personal and business use. You can take friends and family on rides around the golf course to hit a few holes. Or you can use a cart to help operate your business.

And if your golf cart is not your main transportation, you may wonder if you really need insurance for your for this slow-moving vehicle. The answer is a simple “yes!”

Whether you are traveling on the greens of your local course, driving a street-legal cart on public roads, or taking it along on your RV adventure, there are certain risks you face. It is wise to consider golf cart insurance in Arizona so your people and vehicle are protected in case of an accident.

More Than Just For Fun

Today, golf carts are for much more than just driving from tee to putting green or doing quick errands in the neighborhood. And they are no longer only for adult communities.

If you are in business, you know that golf carts have become an increasingly popular mode of transportation at large worksites, medical facilities, universities, and more. Many locations prefer these vehicles because of their compact size, less noise pollution, and easy operation and maneuverability.

For example, you may have employees that use golf carts for delivering mail, tools, and supplies around the workplace. Or you can drive individuals with disabilities across your hospital or medical center.

However, driving these low-speed vehicles (LSVs) around busy areas can present dangers. Accidents are more likely to happen with workplaces using golf carts and people and possessions are at risk.

What Does Golf Cart Insurance Cover?

Your auto insurance policy won’t cover specialized vehicles for the most part. There’s also a high chance your homeowner’s insurance won’t protect your cart either.

That is why you will want to purchase separate insurance to cover a golf cart. But beware, coverage for your golf cart will vary by state and even city. You will find that most of these insurance policies provide these standard coverages.

  • Collision coverage: Pays for golf cart damage if you collide with another vehicle or object. This pays to repair your low-speed cart, regardless of who is at fault.
  • Property damage liability coverage: If you crash into another person’s property while driving, this coverage will pay for the damages. Property damage liability coverage will also come into play even if the law deems you responsible for the golf cart accident.
  • Bodily injury liability coverage: Insures you in cases where you injure someone else while operating your LSV cart. Common personal injuries in an accident can include concussions, fractures, and back injuries. A policy can help cover the other person’s medical bills and similar expenses.
  • Comprehensive physical damage coverage: Your golf cart can suffer harm in ways other than head-on collisions. Depending on your policy, you can receive funds back if your bike is caught in a fire or flood, or if someone steals or vandalizes it.

There are also optional coverage add-ons such as Custom Equipment coverage for aftermarket parts, and roadside assistance in case you get a flat tire or need a tow.

Rules of the Road in Arizona

You and anyone driving your low-speed vehicle should understand Arizona state laws before jumping onto the greens or cruising down the road

For example, cart owners driving on public streets must register themselves as low-speed vehicles with the Department of Motor Vehicles.

Other regulations include:

  • A maximum speed limit of 25 miles an hour
  • No more than four people can ride, including the driver
  • Carts cannot be driven on sidewalks
  • They cannot be driven on private property without the consent of the property owner
  • A valid driver’s license is required to operate on roadways, along with a minimum of $10,000 in liability insurance and $15,000 in bodily injury insurance

Keeping Insurance Costs Low

Several factors can affect the cost of insuring a low-speed vehicle, just like with your car policy.

Check with your insurance agent because you can often receive a discount if you get coverage for more than one LSV on your plan. However, your rates will likely be higher if you have violations or claims on your motor vehicle insurance policy.

Golf Cart Insurance in Casa Grande & Maricopa

Getting an insurance quote for your golf cart insurance in Maricopa, Casa Grande, and throughout Arizona doesn’t have to be difficult. Our professional agents will shop the nation’s top carriers to find you the absolute best golf cart insurance rates with the optimum coverage to meet your needs.

We can even bundle savings with more expensive insurance policies, such as auto and home, and decrease their prices. Experience matters the most when it comes to securing the best insurance and our team has served Casa Grande and now Maricopa since 2004.

Call or text us today at (520) 836-3244 to get more information on state requirements, insurance providers, and bond premiums. We would love to get you started comparing policies so you can get your best rate!

How to Switch Car Insurance

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how to switch car insurance

Believe it or not, changing insurance companies can be a positive experience, especially when it can save money and provide better coverage. Why stay with your current carrier when there are better available policies out on the market? It’s important to do some research and shop wisely to make the right decision.

You can be confident with your new auto insurance and know you’re getting the best rate and protection when you understand how to switch insurers the right way. You need to remember the following information, so you can enter the process prepared.

Why switch car insurance companies?

Almost every state requires drivers to have insurance, and they will force you to get it. An officer can fine or arrest you otherwise, which often costs you more than the monthly premium. However, there are other reasons why you should purchase car insurance that will be beneficial to you and your vehicle.

For example, you can set up auto insurance for your brand new vehicle to ensure free repairs in case of an accident. You can also switch companies if your credit score has increased or decreased, securing you a better deal. There are various other rationales behind switching your car insurance:

  • You moved your residence and find that you are now paying more than you were
  • Your child got their license, or you are adding someone to your auto insurance policy
  • You want to compare auto quotes with other carriers for a better deal
  • You find that you now drive fewer miles, like working remotely from home
  • Your driving record has changed

When to Switch Auto Insurance Companies

You can convert to another car insurance company at any time. This even includes when you have open claims. And if necessary, you can switch multiple times without being penalized.

However, just because you can change doesn’t mean you should change. You may be surprised that your existing plan is better than what you can purchase anywhere else.

For example, there are advantages to staying with the same auto insurers. Some companies give loyalty discounts for sticking with the business. Other companies offer accident forgiveness which prevents your rates from going up your vehicle is in an accident.

How to switch car insurance

Transferring your car insurance is relatively easy, and people do it all the time. However, you want to talk to your current insurer before switching car insurance companies. They may enhance your company’s offer on products and services by finding additional discounts for you. You may be able to negotiate a lower rate and save yourself a lot of research time.

It may be that your current carrier refuses to budge despite price matching other policies. In those cases, you should start with these steps to look for new coverage options.

1). Research the Auto Company

Researching the insurance company you’re interested in may be time-consuming, but it is a necessary part when you want to replace your current policy. We recommend looking at a minimum of three providers to review their customer reviews, customer service experience, reputation in the industry, etc.

It’s also a good idea to inquire about limits and deductibles and any additional or hidden fees. You don’t want to make a quick decision to switch and end up with less coverage. And it doesn’t make sense to start working with an auto insurance company that is dishonest with its customers.

2). Purchase the Best Insurance Coverage for Your Needs

The next step is to purchase the new plan with your needs in mind. Compare the rates and coverage options with as many carriers as you can. Then, you can learn about their monthly rates, premiums, available discounts, etc.

If your current auto insurance policy will expire soon, schedule the new policy to begin at least one day before your current coverage expires. Doing this will avoid any lapses in coverage.

You will be required to show proof of insurance in various circumstances, such as getting stopped by law enforcement or if you are in an accident. In as little a gap as 1 day, you can be considered an uninsured driver. It’s much better to have two car insurance policies for 24 hours than none at all.

3). Cancel Your Previous Car Insurance

Once you have your new insurance coverage in place, it’s time to start the cancellation process for your old policy. Remember to check for any cancellation fees.

Call your company and speak to your agent or customer service department to cancel your coverage. It’s a smart idea to write down who you speak to on the call and the date and time. However, you should not just stop paying for your old car insurance policy without officially canceling it.

If you paid for your policy in full at the start of a period, you should get a refund for the unused portion. A reminder that before you end your policy, be sure you receive documentation that your new plan is fully in effect.

4). Update Your Proof of Insurance

The final step is to print out your insurance ID card or download an app to access it. Most states allow you to show a digital ID card if you get pulled over. However, make sure you have a hard copy so you can get to it whether you have cellular service or not. If you get stopped by the police and can’t produce a valid form of car insurance, they will fine you.

And add one more item to add to your “to-do” list. If you have a car loan or lease, inform the lender of your new insurance coverage right away. Their name as a financier is on your old car insurance, which means your old insurance company automatically notifies your lender of the cancellation.

Getting the Best Deal for Your Car Insurance

In a perfect world, your auto insurance company would offer both outstanding customer service and reasonable policy rates. But unfortunately, that is not always the case.

When it’s time to look for new vehicle insurance, the necessary time and research can be a hassle. That’s when you want to turn to an independent company to do the intensive work on your behalf. Brokers are an excellent option to compare dozens of quotes at once, so you know you’re getting the best deal.

Purchasing Through an Independent Insurance Agency

We customize our car insurance switch recommendations to fit your needs and secure you the best auto insurance policy. When your car or motorcycle rates increase or life changes occur, we have a policy that will work for your driving needs.

We have proudly served the Casa Grande and now Maricopa communities since 2004. Our professional agents will shop the nation’s top carriers to find you the absolute best insurance rates with the best coverage to meet your needs.

Call or text us today at (520) 836-3244 to get more information on state requirements and insurance providers. We would love to get you started comparing policies so you know you have the optimum plan without paying too high of a price.

What is Bond Insurance and How Can It Benefit Your Business?

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what is bond insurance

As a business owner, you know first-hand that there are many decisions and moving parts that make your company successful. And your insurance coverage is a key component of making your business prosper since it affects customer and employee perception of your company. That’s because most of your audiences are likely searching for a business that is licensed, bonded, and insured when they select a business to hire/work for.

One important type is bond insurance, which may be a legal requirement in your industry, but is always a smart investment. It can be a huge benefit for growing your customer base, especially during small business administration and acquiring leads you can follow up.

Bond Insurance Basics

Bonds guarantee your customers payment if your company does not meet conditions laid out in your contract’s terms. This business insurance agreement provides peace of mind to those who do business with you and helps establish trust in your relationship. Eventually, this can get the ball rolling for a long-term partnership if your teams continue to deliver the products and services you promise.

Many people confuse surety bonds with professional liability insurance (called E&O) and workers’ compensation insurance, which are not the same thing. Insurance carriers designed E&O to protect the insured like your business from losses while surety bonds safeguard third-party companies. Finally, workers’ comp will fund your employees in case of injuries they incure on the job.

We recommend opting for both plans if your business has the cash to afford them and bundling them together with your insurance company for a discount. Especially if your credit score is not high when applying for bond insurance, it is critical to save wherever possible.

How Bond Insurance Works for Your Business

It can be confusing when you stare at a surety bond contract for the first time. There are specific insurance terms denoting several involved parties you should know. They will help you understand how bond insurance works for and benefits your business with future leads and increased employee retention.

  1. The first is the principal, which is your business that purchases the bond. Whatever hiring company you collaborate with may require a surety bond, or you may desire one because it guarantees your customers the deliverables you promise. John Maxwell says that you can build the trust of others, including your customer base, by maintaining integrity.
  2. The obligee is the company or customer who hires your business. The surety bond protects the obligee from any fraudulant or severe work problems the principal (your business) causes. In these cases, they will receive compensation.
  3. The third party is the surety company or the financial organization selling the bond to the principal (you). If your business does not live up to the terms and conditions in your contract with the obligee, the surety company will pay out to satisfy the claim. They will seek you for reimbursement afterward to cover the costs.

Benefits of Bond Insurance

Bond insurance certifies that your company will fulfill the terms of the contract. If you fail to do so, the obligee can file a claim with the surety against the bond to recover their losses. Although a surety bond protects the customer, your business receives strategic advantages from purchasing the bond.

Your company will receive more credibility in your industry for having this type of insurance and become a reliable and reputable name over time. Every successful business relationship in your customer base will compound on another, highlighting your brand as a name people can trust.

In the end, potential clients will be more comfortable beginning the process of working with you since they can receive reimbursement if there are performance issues. You provide a risk-free opportunity for them to experience your excellent products and services, and entice them to continue working with you.

What Does Bond Insurance Cover?

There seems to be an endless list of bond insurance choices in Arizona, including License & Permit Bonds, Bid Bonds, Environmental Bonds, and real estate broker bonds. Each surety bond type covers different industries and aspects of your business, so you need to educate yourself on them to know the policy that’s right for you.

  1. Commercial or Performance Bonds ensure that your business performs the work your customer contracts you to provide.
  2. Contract Bonds are another type of surety bond that the construction industry usually requires. For example, parties in this bond can specify the expected completion time, project materials, and various other deliverables. Contract bonds can also protect your customers from incomplete projects, covering them even if your company goes bankrupt before you complete the project.
  3. There are also Fidelity Bonds, which refer to loyalty and reliability. A fidelity bond protects your business against employee theft, embezzlement, or other dishonest employee actions.

Arizona Insurance Experts

In every circumstance, you can only obtain a surety insurance bond from an insurance carrier. And you can worry about getting ripped off when you work with a single company and look at one quote. That’s why we offer personalized bond insurance policies that check 40+ carriers so you can obtain the cheapest, comprehensive plan.

We have proudly served the Casa Grande and now Maricopa Communities since 2004. Our professional agents will shop the nation’s top carriers to find you the absolute best insurance rates with the best coverage to meet your needs. Call or text us today at (520) 836-3244 to get more information on state requirements, insurance providers, and bond premiums.

We would love to get you started comparing policies so you can get your best rate!

How to Price Match Car Insurance

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how to price match car insurance

Price matching auto insurance is a great option for you to compare dozens of quotes at once to obtain the best monthly rate. Whether you do it by yourself or work with an insurance broker, you can look at quotes beyond the one a big-name company will send. You can be confident you’re getting a good deal and working with an insurer you trust rather than one that treats you as a corporate statistic.

The auto market is competitive, and you may not have ever price matched your car insurance before. We want to help you compare policies from A+ rated companies and find the policy that meets your family’s vehicle needs.

What is Auto Insurance Price Matching?

Have you ever been to Walmart and seen their Price Match Policy? They commit to matching the base price of a competitor for an item they have in store. The company’s goal is to give you the best price while shopping and honor your business for choosing them. This same concept is how auto insurance companies price match insurance rates.

Car insurance comparison works by you negotiating better rates or bringing a similar policy quote with a lower payment to your current insurance company. A company worth keeping will respect your choice of them over a competitor and discuss potential discounts. They will do whatever they can to retain you as a lifetime client.

However, consider that an insurance company may have already offered you the lowest rate possible, even after insurance discounts. Their policy team will personalize your quote depending upon your finances, vehicle type, etc. Or they could be an industry-dominating name trying to get away with ripping you off.

How To Get Your Best Auto Quote?

You can start price-matching against your current company by shopping around for other car insurance quotes. The best way to do this is to work with a local insurance broker, who can compare car insurance carriers at once rather than you calling each one individually. They also consider local insurers in their calculations that online quote comparisons could miss. You can take control of your car insurance policy in either case and know you’re getting the best deal on the market.

The auto insurance’s monthly payment should not be your only consideration: coverage should be too. Often, more expensive policies have greater coverage for additional protection you may want for your family. So you should ensure during price matching that you find a carrier that offers the price and coverage you need. That way, you’ll be ready to file a claim with a policy you can be confident about.

There are other things you should look for while comparing different car insurance companies. These include their customer service rating and whether the companies offer discounts or perks. While they aren’t directly related to your insurance plan, they are crucial to partnering with a business you trust.

How to Negotiate Car Insurance Price Matching

Searching online auto insurance price matching tools for cheaper rates may be simple, but you may be struggling with how to negotiate. There can be intimidation if you are approaching a big-name corporation at a different rate. However, we know these tips will help you crack open the door with your carrier and either kick it open or close it.

  • First, scout for better rates from various providers that suit your individual vehicle needs. It is now very easy and quick to compare quotes online. Be sure the policies you get are for the same amount of coverage that you have with your current carrier.
  • Contact your insurance company and tell them you want your insurance premium reviewed since you found lower rates from competitors. You should ask if they will match the price that other insurers offer. Or see if they can at least offer you a lower rate than what you’re paying.
  • If your company is unwilling to decrease your car insurance rate, we advise switching to someone else. They will give you confidence that you are receiving a cheaper policy with the same protection.

Note that the best time to begin your price match negotiations is when your current policy is up for renewal.

Other Ways to Save Money on Your Auto Insurance

We hope you and your family obtain the coverage and price you need to protect those who matter most. While you can negotiate with your current insurer and check quotes on your own, we can take that burden off your shoulders. We compare policies from over 40 A+ rated carriers and personalize a car insurance package to your needs.

To learn how we can get you the cheapest quote or bundle multiple insurance types, call our office at (520).836.3244. We work with thousands of clients in Maricopa and Casa Grande and would love the chance to earn your trust.

A Complete Guide to Property Damage Liability for Car Insurance

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property damage liability car insurance

Have you been involved in a car accident where you were at fault and caused damages to someone else? Most likely, you paid for the damages you caused the other motorist, as well as additional fees or expenses they incurred. If you didn’t have property damage liability coverage at the time, you would have paid out of pocket.

Did you know that you could have avoided those expenses and have your auto insurance carrier cover the costs, including medical expenses? Your property damage liability insurance covers the price, which is why it is a great solution to pay for accidental damages.

What is Property Damage Liability in Car Insurance?

Property damage liability car insurance or property damage car insurance is similar to your uninsured motorist insurance coverage. However, in this case, it pays for damages you cause to other people’s cars or property with your vehicle. It also covers medical expenses if the crash involved a bodily injury.

According to law, you will bear the cost of any damage to someone else if the officer deems you to be at fault. All states in the U.S. except New Hampshire and Virginia mandate that drivers carry property damage liability coverage.

This insurance covers damages ranging from slight bruises to major bodily injuries, car damages, and personal properties, such as a fence. Keep in mind that your insurance company will only pay certain coverage limits as specified in your policy. Anything beyond that will have to come out of your pocket. Also, note that this type of insurance does not pay for damages you caused to your vehicle.

For that, you need to purchase collision coverage insurance or uninsured/ underinsured motorist insurance.

Two Main Components of Property Damage Liability Car Insurance

Bodily Injury Liability Coverage

Should you get into an accident and cause bodily injury to someone else, property damage insurance covers the financial liability you’ll likely face. As long as the judge rules you at fault for the hurt you caused the other person, property damage liability car insurance will fund taking care of that person’s injuries. Bodily injury liability coverage encompasses medical expenses, recovery treatments, and lost income from a business closure or inability to work while they were recovering. It could also cover funeral costs if the person died.

Property Damage Liability Coverage

Property damage liability coverage supplies cash for damage you brought upon someone else’s vehicle, property, etc. This includes all exterior property such as houses, fences, lamposts, and cars while also supplying cash for personal belongings inside the victim’s vehicle. In addition, if the person sues you after the accident, property damage car insurance can cover legal fees or court fees.

What is the Cost of Property Damage Liability Insurance?

The cost of property damage liability insurance mostly depends on your coverage limit. The higher your coverage limits, the more you will pay. Generally, the liability limits for property damage coverage could range from $5,000 to $100,000, depending on your location and the insurance options your carrier gives you. With higher coverage limits, you can expect to pay more but also receive greater protection.

What is the Lowest Amount in Property Damage Liability in Car Insurance?

Each state requires drivers to carry a minimum limit for property damage liability insurance, and it differs from state to state. In California, for instance, drivers are required to maintain a minimum amount of $5,000 for property damage liability coverage. Other states like Texas and South Carolina have a $25,000 minimum amount property damage liability coverage amount.

Keep in mind that the limit is the maximum amount the insurance company will be willing to pay out in the event of an accident where you are at fault.

How Much Property Damage Liability Insurance Should You Have?

In most cases, the smallest limits the law allows are simply the bare minimum. You may need to opt for higher limits if you want to get adequate coverage. For instance, if you accidentally hit another vehicle carrying 3 passengers and injure all 3 people, you will be looking at $300,000 to $400,000 in medical bills, aside from the fact that you will still pay to repair the car.

As a result, experts advise that you buy insurance that will give you the best coverage. You should consider purchasing additional coverage if you have more to lose. The reality is that the affected persons might sue for the excess if your insurance policy limit cannot pay for all the damages.

The more assets or liquidity you have, the more they’ll come after, which could quickly lead to bankruptcy. As a rule of thumb, you’ll want your property damage insurance liability to be enough to cover your net worth.

Our Experienced Agents Know Property Damage Liability Coverage

If you ever crash into someone else’s vehicle or property, your immediate option is not to pay expensive bills out of pocket. With Property Damage Liability Coverage for car insurance, the plan is to supply many of these fees and prevent you from paying the price. It is a customizable insurance program that allows you to increase or decrease your coverage to ensure you are financially protected.

For more guidance and professional advice regarding property damage liability insurance, we encourage you to contact us at Gebhardt Insurance Group today at (520) 836-3244. We will be happy to provide you all the help you need.