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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.

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.

Can I Change Car Insurance Before Renewal Date?

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can i change car insurance before renewal date

Clients often ask auto insurance companies, “Can I change my car insurance before the renewal date?” Understandably, folks could make a request to their insurance agent for the cancellation process to coverage limits, lapses in coverage, accident forgiveness, etc.

Although company customer services allow you to change your policy before the renewal date, there are some fine lines you need to cross-check before making the switch. You may even be surprised to realize that your current carrier offers you the best coverage options.

Weigh your options properly, shop around, and ensure it is the right move to switch before changing insurance carriers.

Is it a good idea to switch auto insurance companies?

While switching car insurance companies can help you save money, there may be some beneficial reasons to stick with your current insurer. The cancellation fees may not be worth the trouble if you cancel before the end of your current policy. Consider the benefits the new plan will give you compared to the company you intend to switch to.

Also, if you were recently involved in an accident or convicted of violating a traffic regulation, then it is not wise to switch. You could lose money in the process. Although your insurance company will likely recalculate your premium rate at the renewal time, you will have to pay the old rate before the accident if you stayed. If you switch right after the accident, your rate will likely go up.

Moving forward, we’ll look at when the excellent time to switch auto insurance companies is. But keep in mind that it would be best if you took some time to consider the pros and cons of changing your car insurance before renewal.

When is a good time to change my car insurance company?

This is the next most important question in the process since there is no best time to change your car insurance. However, what matters most is the reason for the switch, which, if compelling, determines whether it is wise.

People switch auto insurance companies right after they’ve filed a claim, got married, changed zip code, bought a new car, or found better coverage options. Here are some reasons why you may want to switch to a different company or stick with the same insurance agent (you may also consider them as points to consider before switching):

Relocation/Changing Zip Code

When you change to a different zip code, you may use the opportunity to search for cheaper, better insurance coverage. If the rates, along with the products and services, are better, then it makes even more sense to switch.

Cancellation fees

Your current insurance company may process your policy cancellation without charges. In some other cases, your present auto insurance provider will charge you a cancellation fee if you cancel before the renewal date or expiration of your current policy. It is a flat fee with the average ranging from $30-$50. You need to consider these fees, especially if saving money is one of your reasons for switching.

Paying $40 in cancellation fees and saving only $35 doesn’t make sense, so be sure to check out the costs before signing the papers. In that case, you need to wait it out with your current provider while you go back and research which policies offer the best option to save money.

After filing a claim

Switching car insurance companies might be difficult to achieve if you’ve just filed a claim. If the claim has not been settled and paid, the new insurance agent may not be able to calculate your new policy rate correctly. To cover for the uncertainty, your new policy rate may be higher than the old one.

In this instance, again, it is not a good time to switch to a new company, so wait until the claim clears.

Accident forgiveness

Accident forgiveness is another factor that might make you reconsider leaving your current insurer. How close are you to enjoying the benefit of accident forgiveness? Some companies have robust products and services, including a short time frame for accident forgiveness qualification that you could take advantage of.

Some companies offer accident forgiveness after 3 years of paying your premium. In some companies, you must maintain an average of 5.5-years worth of claim-free coverage before you can claim accident forgiveness. Other insurance agents might even ask that you stay for as long as 10 years before accident forgiveness is available to you.

Adding a driver/a new car

Different insurance companies offer different rates. When you get a new car or are about to add a new drive, say your teenager, you may seize the chance to sample other offers. It is even possible you get student discounts or a different rate elsewhere.

Getting married

Major life events like marriage, moving, buying a home, and bearing children will have a significant impact on your insurance policy. In these cases, you should look out for the best offer on an affordable insurance premium. And if you do find a better offer, you can proceed to change your car insurance right away before the renewal date.

Hidden fees

Before jumping on that perfect offer, inquire about the fees, limits, deductibles, terms, and conditions. There have been cases where people made hasty car insurance switch decisions and ended up with less coverage. If there are cancellation fees, make sure they’re spelled out clearly.

In other cases, the fees may be extremely high as with some life insurance plans. If you pay annually, will you be refunded unused premiums? Are there any coverage gaps? If you’ve checked all of these, and you’re sure the coast is clear, you may go ahead to make the switch.

Getting the best deal for your car insurance

Are you looking to change your auto insurance before the renewal date, and you’re unsure which option is best for you? Did you recently move into Arizona, and you’d like to switch to a new insurance agent? If you answered yes to any or both of these questions, we are happy to help you make the best decision.

At Gebhardt Insurance Group, we offer various car insurance coverage options, allowing you to choose what works best for you. Schedule an appointment today with any of our experienced insurance industry staff or call us today at 520-836-3244.

Driving Safely in Monsoon Season

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Driving Safely in Monsoon

Because Arizona is typically hot and dry, many residents, especially those new to the state, forget about Arizona’s monsoon season. This rainy season runs from June through September and can be very dangerous for those who are unprepared. Therefore, our team at Gebhardt Insurance Group has put together important monsoon driving tips to keep you safe.

Stay off the Road

Our number one safety tip is that if you know a storm is headed your way that can affect road conditions, stay home if possible. Waiting out a storm may be inconvenient but can very likely save your life. Of course, we know that emergencies and surprise weather events occur, which is why we recommend being prepared. Learning how to drive safely is crucial during monsoon season.

Prepare Your Vehicle

Before every monsoon season, you should complete a monsoon preparation checklist for your home and your vehicle. Driving on a wet road can cause you to hydroplane or lose control of your vehicle. Therefore, it is wise to ensure that your car is in the best shape to handle driving in the rain. The following should be checked as the monsoon season approaches:

  • Check your tires for thick tread
  • Replace worn or broken wiper blades
  • Repair broken lights
  • Conduct regular checks on brakes and brake pads

Drive Safely

Assuring that your vehicle is road-ready is only half of the battle; you also need to be prepared for driving in adverse weather conditions. In addition to defensive driving, safety measures should double when driving in the rain, such as:

  • Maintain extra distance between your car and the vehicle in front of you. 
  • Drive slowly and avoid slamming on the brake pedal. 
  • Avoid flooded areas.
  • If a road is closed due to flooding, do not drive around road barriers.

Pull Aside, Stay Alive

If you are on the road and get caught in very heavy rainfall or flash flood conditions, the best course of action is to pull off to the side of the road. It only takes a couple of inches of water to lift your vehicle’s tires off the road, so make sure to crank the parking break in a safe location.

“Insuring” Your Safety

Staying up to date with the Arizona Department of Transportation’s safety advisories is the best way to safely drive in heavy rain and other weather events such as dust storms, extreme heat, and snow. These will help you with being prepared ahead of time and learn driving in monsoons so you can have confidence during monsoon season.

At Gebhardt Insurance Group, we care first and foremost about your safety and want to make sure that you are prepared for all that Arizona weather has in store. We are available to answer all of your questions about insuring your property during monsoon season and are able to set you up with the proper insurance plan for you.

Call us today at (520) 836-3244 to ensure that you are insured.

How to Compare Car Insurance Plans

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how to compare car insurance plans

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.

How Does Car Insurance Work?

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how does car insurance work

The purpose of car insurance is to provide economic compensation if something unexpected happens involving your vehicle. The insured party enters an agreement with an insurer that contains the terms. This includes details such as the policy coverage period, the maximum limits of coverage, and the cost (premium). As with most types of insurance, states develop their own set of rules and provide some oversight in the market.

“How do I make my car insurance affordable?” is one of the most frequently asked questions about auto insurance.  The key to understanding how to make insurance affordable is understanding how car insurance works.

Why Is Auto Insurance Important?

It’s a Requirement if Your Vehicle is Leased or Financed

If you are thinking about skipping insurance in the name of pinching pennies, think again. If you are leasing your vehicle or have a loan, your finance company will require you to have insurance. The lending company needs to ensure that your insurance will cover the cost of repairs or replacement if the vehicle is damaged.

Many lenders and finance companies require insurance in the amounts of 100/300/100. This means you have $100,000 bodily injury liability insurance per person, $300,000 total bodily injury liability insurance per accident, and $100,000 property damage liability per accident. You will usually have to have proof of the minimum required insurance before a lender will finance your vehicle.

It’s a Requirement by State Law

Finance companies aren’t the only ones that require car insurance. The government also legally requires you to insure your vehicle. This is determined at the state level. Each state has its own minimum requirements so if you move, make sure that your insurance meets your new home’s insurance minimums.

For Casa Grande residents, the state of Arizona requires minimum coverage of $15,000 bodily injury liability per person and $30,000 per accident. There is also a property damage minimum coverage of $10,000. When it comes to types of car insurance, the bare minimum can be dangerous.  

If you only carry the required state-level amounts, an accident can cost you much more in bills and expenses than your insurance will cover. Work with a skilled agent to make sure you have enough coverage at a price you can afford. There are many ways to bring down car insurance premiums without sacrificing the coverage you need. Having financial protection will give you peace of mind.

It Provides Assistance When Accidents Happen

More than 90% of car accidents are the result of human error. In recent years, we have recognized the dangers of distracted driving. The Centers for Disease Control and Prevention estimates that distractions cause nine accident fatalities each day in the U.S. The problem is mostly the result of drivers who are using mobile devices. Newer vehicles are also equipped with more sensors that create visual and audible distractions and onboard electronics.

The prices of newer vehicles continue to rise. Many people do not have the cash-on-hand to repair their car if it is significantly damaged in an accident. In fact, 40% of Americans would be unable to pay for an unexpected expense that exceeds $400 without borrowing.

Between 2015 and 2017, there were 7.4 insurance claims filed for every 100 people. Lenders require those who are financing a vehicle to maintain “full” insurance coverage.

Know Your Policy and State Requirements

You need to read your policy and understand your type of coverage. If you purchase a policy without understanding it, you may not realize your coverage gaps until it is too late. Liability, personal injury, and property damage insurance are all crucial facets of your policy. What you don’t know can hurt you and your wallet.

For instance, if you are in a car accident, your insurance policy may only cover your vehicle’s value. If your car is fairly new and the rate of depreciation is high, the car’s estimated value may be much lower than what you owe.

This means that the reimbursement from your insurance company might not be enough to pay off your damaged vehicle, much less help you get a new one. Your comprehensive coverage will only cover the damage to your car if caused by something other than accidents like theft or fire.

Gap insurance is designed specifically to help bridge the “gap” in circumstances like this. It can help you pay off the remainder of your vehicle so that you can start fresh. This is just one example of possible policy gaps and why you need to know what is and isn’t covered.

Those registering a vehicle in the state will need to have proof of liability insurance coverage. This covers other people and their property in an accident. Insurance companies in Arizona must notify the Motor Vehicle Department when a policy is canceled, not renewed, or a new policy is issued. Drivers must have proof of insurance with them in case they are stopped by law enforcement. They may show this proof using a smartphone.

Bodily Injury and Property Damage Liability

The state-mandated bodily injury coverage is used when a driver causes injuries to others. This coverage does not pay for injuries sustained by the party who is at fault in an accident. The property damage coverage insurance pays for damage caused to other vehicles, objects, etc. It is worth noting that the mandated minimum liability coverage also applies to motorcycles, mopeds, and personal golf carts.

Understand the Money Mechanics of Insurance

Understanding how car insurance works helps you make informed, affordable choices. Car insurance companies make their money by collecting more in premiums than they pay out in claims. Many factors go into your insurance rates.

Statistics: All insurance companies will compare your basic information to current statistics. If you are a male, 18-year-old driving a sports car, your insurance rates will most likely be much more expensive than a female in her 30’s driving a minivan. This is primarily because of statistics.

The numbers show that women and more experienced drivers are less likely to be in an accident. Similarly, a minivan driver is much less likely to be in an accident than a person behind the wheel of a Ferrari. While you may be a very responsible, law-abiding teenager with a new sports car, your insurance rates will initially reflect statistical averages and not your specific situation.

Driving record: Generally, the better your driving record, the better rate you can get. Additionally, as you become more experienced behind the wheel, you will be eligible for the best possible rates. Insurance companies prefer responsible drivers with few or no claims.

Suppose you have an accident or traffic violation such as a speeding ticket. In that case, your insurance company may automatically increase your rates. The best way to keep your rates down is to keep your record clean.

Affordable premiums: There are ways to make your premiums affordable. A good agent will review your policy with you and help you stay within your budget.

For instance, you can usually decrease your premium by increasing your deductible. This should be done strategically. While a lower monthly premium is tempting, you need to make sure you have a deductible you can afford.

You can also save money by bundling in one company. By using one company for multiple policies, you will usually be able to take advantage of deep discounts, giving you lower overall premiums. Also, don’t be shy about shopping around. There is lots of competition in the insurance industry, which is good for the consumer.

Penalties for Failing to Maintain Coverage

Those operating without the mandated insurance that the state requires will face a driver’s license and registration suspension, in addition to fines. To restore driving privileges, the motorist must obtain an SR-22 Certificate of Insurance, and they must maintain it for three years. Those who do not reinstate their Arizona license from failing to have insurance will be unable to obtain a driver’s license in another state.

Other Types of Auto Insurance Coverage

  • Uninsured and underinsured motorist: Uninsured motorist coverage is used if you are involved in an accident caused by an uninsured driver. Underinsured coverage applies when the driver responsible for the accident has insurance coverage limits that are insufficient to cover the full cost of damage.
  • Collision: This coverage is used to pay for car repairs or your vehicle’s replacement when involved in an accident. It is most commonly used when you are the at-fault driver in an accident. It also may apply if you were to strike a tree or other object while driving.
  • Comprehensive: This form of coverage is commonly referred to as “comp.” It is purchased in conjunction with collision coverage to obtain “full” coverage. It is used to repair or replace your vehicle stemming from an event other than a collision. 
    Common examples include theft, vandalism, or fire. Full coverage policies often contain a provision covering the cost of a rental car when necessary during repairs.
  • Medical Payments: This coverage is commonly referred to as “Med Pay” or Personal Injury Protection. This option will cover any medical bills for you and typically any passengers in your vehicle. Examples would include if you needed an expensive surgical procedure or rehabilitation. Those who lack health insurance coverage are among those most likely to purchase it for medical expenses.

Questions About How Car Insurance Works?

We’ve got answers! Knowing how car insurance works helps you get the coverage you need for a price you can afford. The Gebhardt Insurance Group is an independent insurance agency that represents many of the leading auto insurance companies.

Our customers benefit from our personalized approach. We will look closely at your individual circumstances to make sure you have proper coverage for you and your family. Contact our office today at (520) 836-3244.

Car Insurance Discounts to Ask About

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Car Insurance Discounts

The primary thing that’s on the mind of every person shopping for auto insurance is what type of rate they can get. For many, car insurance costs can be cut through the application of one or more discounts. Luckily, many insurance carriers offer discounts because car insurance is legally mandated, and companies want to remain competitive in the insurance industry. This leaves drivers with multiple options for insurance companies and types of discounts for which they can apply.

While auto insurance premiums should be a consideration when choosing a policy, make sure you consider each policy’s coverage. By only having the legally required amount of coverage, you may expose yourself to financial trouble if you cause a terrible accident.

Tips for Examining Auto Insurance Discounts

Before getting into the different types of discounts available to drivers, it’s important to note some possible stipulations attached to each one. Here are things to consider and speak to your insurance provider about when researching car insurance discounts:

Maximum Amounts May Apply:

Pay attention to language like “up to _% off,” as there may be specific requirements to qualify for the highest discount offered. However, you may still receive a portion of the discount, so it is essential to ask before banking on it.

You may also notice that you could qualify for several of the discounts we will discuss below. But, many insurance companies have a maximum value you may receive overall.

Discounts May Vary:

The type of discounts offered can vary from company to company, as well as from state to state. Some state laws mandate specific discounts, while others do not.

Pay Attention to How Discounts are Applied:

You may need to ask for your discounts to be applied, as some are not automatic. Also, some discounts may apply to your insurance bill overall, while some may only apply to specific aspects of your coverage. Be sure to ask for clarification on how your discounts are applied.

Types of Auto Insurance Discounts

Cutting car insurance costs is possible with auto discounts. The first step is assessing your current policy to understand your current coverage and car insurance premium.

Next, check out the following auto insurance discounts and consider the values for which you may qualify. For more information, contact our agents today. They can assess your needs and check for possible deals.

Good student discount: 

It pays to be a good student. Aside from maintaining good grades (at least a B average,) you must supply your insurer with your grades and be a full-time student to qualify.

Accident-free driver discount:

A clean driving record can help you save significantly. Drivers that have not been in accidents typically have lower premiums and may be eligible for accident-free driver discounts. Some carriers will automatically apply this discount after a certain amount of time has passed where you are accident-free, giving you further incentive to drive safely!

Low-mileage discount: 

You’re less likely to be in an accident if you don’t often drive, as this decreases your chances for a collision. Low-mileage drivers often are rewarded for this with insurance discounts.

Affiliation discount: 

Teachers, firefighters, police officers, college alumni, and military members may qualify for specific discounts due to their affiliations. Some employer-specific deals exist as well. Ask one of our agents for more information and to see if you are eligible.

Defensive driving discount: 

A driver that takes a certified defensive driving course will typically receive a 10-15% discount on their car insurance. Not only will the course prepare you to be a better driver and keep you safe from harm, but it will also save you money in the long run. Check with your insurance company before signing up for a class and see if there are any classes they specifically require to receive the discount.

Bundling discount: 

Some car insurance companies offer bundle discounts if you have multiple cars insured with them. For homeowners, you may be able to bundle your home and car insurance with the same company for a discount as well. Some carriers will even allow you to bundle your policy with life insurance too.

Anti-theft devices discount:

Stolen vehicles can be difficult to recover. Safety features such as GPS systems, car alarms, VIN etching, and trackers can help recover stolen vehicles. Insurance companies reward the installation of these features through discounts, anywhere from 5-25% off.

Car Safety discount: 

Depending on your carrier, you may qualify for a discount if you have anti-lock brakes, daytime running lights, or extra airbags in your vehicle. If your car has any added safety features, notify your insurer to see if you qualify for a discount.

Eco discounts: 

Electric vehicles have proven to be less likely to be involved in accidents. Owning a hybrid or electric vehicle can save you up to 10% on your car insurance, providing further incentive to go green!

Safe driver discount: 

Your driving habits can directly impact the amount of money you will save on your car insurance. Drivers who find themselves being pulled over and ticketed frequently will not qualify for this discount. The more claims you file and the more tickets you receive, the more your car insurance rate will increase.

Paid-in-full discount: 

If you choose to pay your auto insurance premium in full and up-front, many carriers are happy to give you a discount. The discounted premium option will often be listed on the bill you receive, showing you how much you could save if you pay in full instead of paying in installments throughout the year.

Paperless billing discount: 

While paperless billing discounts are usually smaller in size, they still may help you cut costs. Helping your carrier save money on paper and printing is excellent for not only the environment but for your wallet as well.

New car discount: 

Newer cars generally have the most up-to-date safety features installed, resulting in new car discounts. Sometimes, you can save 10-15% on your insurance premium if your car is less than three years old.

College student discount: 

Young drivers, often college students, may leave their vehicles at home when they go to college, significantly reducing the risk of a car insurance claim. Policies with this discount applied may see reductions of up to 25%.

Customer loyalty discount: 

Customer retention is vital for any business, and the insurance industry is not exempt. Many carriers offer customer loyalty discounts when you renew your policy.

Credit stability discount: 

Insurers like to see stability with your credit score. A credit score is often important when purchasing a house or a car or trying to qualify for a loan, but your credit score may also benefit your car insurance rates. Studies show that people with lower credit scores tend to have a higher rate of claims.

Senior discount: 

Some carriers offer a discount specifically for seniors. If you’re a senior citizen, contact our agency for more information.

How Independent Insurance Agents Can Help

Shopping for car insurance can feel like a hassle, especially if cutting costs is at the forefront of your mind. Independent insurance agencies can find you the best insurance coverage at the lowest prices because they can compare policies from multiple carriers. Where you may not qualify for a discount with one carrier, you may be eligible with another.

Our agents can find a car insurance policy that fits your needs and is priced competitively. Discounts vary depending on your carrier. We may even be able to offer you a deal for which you didn’t know you qualified! Give us a call for a free car insurance quote and learn more about lowering your insurance premium.

The Different Types of Business Insurance

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Types of Business Insurance

Insurance is necessary for businesses, big and small. However, the types of insurance your business may need will depend on different factors such as the type of industry your company is in, risk of employee injury, federal, state and local laws, where your business operates and more.

Business insurance policies can protect your company, your employees and yourself in the event of injury, property damage, theft, fire and liability claims. While it’s an additional investment in your company, it’s one worth making.

What is Business Insurance?

Business insurance is intended for companies rather than individuals. Depending on the type of business insurance you purchase, it can even protect your company from lawsuits. Small businesses usually are more exposed to financial losses and even business closures. Business insurance can protect against this and help you keep your company up and running, even in the darkest of times.

Our agents can evaluate your risks and help you pick which types of business insurance you need while keeping your budget in mind. If you cannot cover out-of-pocket costs in the event of a disaster or lawsuit, talk to one of our agents today.

Types of Business Insurance

Commercial Property Insurance

Damage can happen to any business. Whether you sustain damage to your office, your company vehicles or any other type of company property, property insurance can cover the cost of repair or replacement. The damage may be caused by man or through natural events.

It’s important to note that damage due to flooding and earthquakes is usually not covered with this type of policy. Vandalism, lightning damage and fire are typical coverages with a commercial property policy.

Your physical assets may be included in this type of policy as well. Make sure you provide your insurance agent with an inventory of company assets. This may include computers, machinery, furniture and more.

Workers’ Compensation Insurance

Workers’ Compensation insurance (also known as workers’ comp) protects your employees that are injured on the job. It will cover their medical expenses pertaining to the injury and may also cover their lost wages while they recover.

Workers that fall ill due to occupational hazards may also be covered under this type of insurance. Most states require companies to carry workers’ compensation insurance by law.

Commercial Auto Insurance

Any company that has company cars or vehicles needs commercial auto insurance. Whether you use trucks for landscaping or allow employees to use company cars to take clients to lunch, every business owner needs the proper coverage in place.

Professional Liability Insurance

If your company is sued for negligence, having a professional liability policy in place can help. Also known as Errors and Omissions insurance, if a client thinks you made a mistake regarding your professional services and they were harmed in any way, they may sue you for damages.

Business Interruption Insurance

Businesses that are forced to close for short periods of time can have difficulty keeping the company afloat. This type of policy, also known as business income insurance, can cover your financial losses by replacing lost income and help you continue to pay for your office space, employee salaries, etc.

Data Breach Insurance

If your company stores any private personal data or financial data, data breach insurance is crucial for your protection. Unfortunately, hacking is common and if you are hacked, your company’s private data may be stolen as well as confidential client data. This type of insurance will cover the damages due to a data breach.

General Liability Insurance

As far as business insurance coverage goes, this one is part of the first line of defense. In the event of a lawsuit, general liability coverage can cover the cost of an attorney. It acts to protect your business in the event of liability claims due to bodily injury, personal injury and property damage caused by your business.

Home-based Business Insurance

If you run your business out of your home, this type of policy may protect you. Homeowners insurance policies do not cover businesses run out of your home. If your office equipment is stolen or damaged, a home-based business insurance policy can cover your items.

Directors and Officers Insurance

If your company has a director or officer and they act inappropriately towards customers or employees or conduct business unethically, a scandal may be on your hands as well as a lawsuit. This type of policy will pay for legal costs and pay for the financial aftermath.

Life Insurance

A business can purchase life insurance for any employee that is considered essential to the company’s operation. For small businesses or family owned companies, this can be crucial to have if the person in charge passes away.

Product Liability Insurance

Does your business sell a product? If so, product liability insurance may be an asset for your company. If your product or service injures a customer, this type of policy will cover legal and medical fees. Additionally, if your product is defective and a class action lawsuit occurs, it’s smart to have insurance so you will be protected financially. Otherwise, your business may collapse.

What Type Do I Need?

There are four main types of business insurance that almost every company needs: workers compensation, property, commercial auto and liability insurance. It all depends on your business size, location, potential risks and revenue.

If your company has company vehicles, it is an absolute must to have commercial auto insurance. This will give your company and vehicles protection in the event of an accident.

Unless your business is private and located in Texas or Oklahoma, you will be required to have workers’ compensation insurance. These requirements vary by state. To make the process simpler, work with an insurance agency to navigate these requirements correctly.

How We Can Help

At Gebhardt Insurance Group, we have extensive experience insuring businesses just like yours. Whether you need small business insurance or have a large company, we can help you assess your risks and get you covered so you’re prepared in case disaster strikes.

Our insurance company will work tirelessly to help protect your business. Need help determining what type of business insurance you need or interested in additional coverages? Give us a call at 520-836-3244.

How to Save on Auto Insurance

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How to Save on Auto Insurance

One of the first things that come to mind when securing your investment if you own a car is car insurance. Essential if you get into an accident, the insurance can have you covered for damages caused by you or another driver.

Unfortunately, car insurance can be rather expensive, but the good news is there are solutions to help you reduce your car insurance rate by a significant amount.

12 Ways to Cut Car Insurance Expenses

Shop Around

A recent U.S. study reported that roughly 33% of Americans have never shopped around or compared automobile insurance costs. Among these individuals, the leading reasons mentioned were a lack of time and a dislike of paperwork.

However, it is wise to make comparisons by obtaining insurance quotes either online or through your agent. Always maintain adequate coverage levels to repair or replace your vehicle and protect you from potential liability. As a precaution, be sure to review the “fine print” on policies that appear overly affordable as well.

Look For and Take Advantage of Car Insurance Discounts

Auto insurance companies routinely advertise discounts for which you may be eligible. Students are often eligible for a discount by maintaining good grades. Senior adults or active members of the armed forces often receive discounts as well. Some companies will even offer a discount if you complete a defensive driving course.

If you get all the discounts you are entitled to, you may save a significant amount. The insurance agent can provide you with more information and walk you through the process.

Reduce Coverage to Only What You Need

If your car is worth less than your deductible plus the amount that you pay for annual coverage, then you might consider dropping them. Collision insurance and comprehensive coverage never pay more than what the car is worth. Look for opportunities to reduce your coverage safely. You can use tools online such as Kelley Blue Book or Edmunds to estimate your vehicle’s value.

Select a Higher Deductible

You can save a lot of money by raising your deductible. The deductible is the amount that the company doesn’t cover when paying for the repairs. For example, if the repair bill is $2000 and you have a $500 deductible, the insurer will have to pay $1500.

Just imagine, if you increase your deductible from $500-$1000, you might be able to save about $200 per year on car insurance. However, you need to be sure that you will comfortably afford to pay the higher deductible if necessary.

Consider a Low Mileage Policy

According to the Federal Highway Administration, motorists in the U.S. currently drive an average of 13,476 miles annually. Those who drive well below average should consider a policy geared for low mileage drivers. It is estimated that these policies could save up to 10% on auto insurance premiums.

If your insurance company offers usage-based insurance, consider using it to help you lower your rates. This type of insurance takes into account how often and how well you drive. To participate, you will install a small device in your car to provide information about your driving habits to the insurance company. If you have low mileage and safe driving habits, your score can significantly discount your insurance.

Multi-Policy (Bundling)

Consider available ways to save through “bundling” policies. You may be eligible for savings if you have multiple vehicles on the same policy. You may be able to switch your homeowners, renters, or life insurance to the same company and get better rates. Consult with your insurance agent to identify potential offers.

Improve and Maintain a Good Credit Score

Insurance companies use statistical data as a means of determining rates. Data has shown that those with good credit are less likely to file an insurance claim. It may be helpful to review a copy of your credit report to check for any errors that may hinder your credit standing.

If you have excellent credit, your car insurance rates will go down. Do you need to improve your credit? Consider taking the following steps:

  1. Make all your credit card payments on time.
  2. Keep the credit card balance below your credit limit.
  3. Only open new credit accounts when necessary.

Drive safely

Every car insurance company has different insurance rates for varying age groups. For example, younger people tend to have higher insurance rates because they are prone to accidents. If you can prove yourself a safe driver for an extended period, your insurance rates can drop tremendously.

If you get a ticket, DUI, or sent to traffic school, these violations can increase your insurance rate. One of the most common causes of car accidents is driving while texting. Refraining from violations like these can significantly reduce your chances of getting into an accident.

Maintaining a clean driving record through safe driving can typically afford you lower rates. Similarly, those who do not file any claims for several years may be eligible for better rates. Keep in mind that insurers will look for any claims in the prior six-year period.

Consider a Less Expensive Vehicle

Before buying a new car, it’s essential to check the insurance rate for the models you have in mind. The type of vehicle that you drive can affect your car insurance premium. Expensive cars will be more costly to repair and replace.

Expect sports and performance cars to be more expensive to insure. Specific models have minimal theft prevention measures and are commonly stolen. Be sure to check insurance pricing before purchasing your next vehicle.

Do well in school

A lot of car insurance companies love to reward students with a high GPA. If you have a GPA higher than 3.5, your auto insurance company will reduce your premium rate by a lot. A 4.0 GPA might even cut it by more than half. This is a positive reinforcement technique that auto insurance uses to encourage students to work hard academically.

Potential Group Discounts

Those who are members of a professional organization or involved in an alumni group may be eligible for specific discounts. You should check with your employer to see if they have any group discount arrangements as well.

Established Agency for Auto Insurance in Arizona

The Gebhardt Insurance Group has been providing insurance solutions in the region now for over 15 years. We remain committed to providing our customers with excellent coverage at affordable prices. We currently represent over 40 of the top insurance carriers. Contact our office today at (520) 836-3244.