Jim Welch Insurance Agency Lubbock, Texas
The cost of auto insurance continues to rise despite all of the television commercials we are bombarded with on a continual basis offering great savings. Insurance companies continue to entice drivers to SWITCH and SAVE, although they offer programs and discounts for those who stay long term with the company by offering lower deductibles, accident forgiveness and other insignificant offers. By getting you to switch back and forth, companies are capable of charging you based on your insurance experience and history with a prior company. Short history or lots of activity with insurance companies equals higher rates.
The increasing cost of vehicles, labor for repairs and inflation also drives the cost of insurance up, along with many other factors. Also consider the rising cost of medical and health care. Medical expenses for bodily injury from an accident are also another great topic for discussion. Especially with the many law firm commercials on television stating they can get you LOTS of money from your auto accident.
We have just touched the tip of the “ICE BERG”, there are many other factors to consider. If you would like to learn more, We would be happy to meet with you and discuss “REAL” ways to reduce your insurance costs or minimize your out of pocket expense for auto coverage. Below are some additional topics we are often asked about for your review.
Auto Rental Service
A network of pre-screened, nationally-known, rental car companies will provide free pickup and delivery, direct billing to the insurance company and an automatic deposit waiver (not available in all areas) while your vehicle is being repaired. Even in an accident at which you are at fault, Auto Rental Service provides service.
Bodily Injury Coverage
This insurance coverage has policy options that cover medical, legal, and property repair expenses for the injured party, whether it be you, your passengers, or the person you’re at fault for injuring.
What would happen if your business vehicle was stolen? What if an employee is injured while driving the company car? Business auto coverage usually includes both comprehensive and liability coverage to protect your vehicle against damages and to protect your business against liability losses.
You’re on your way to the annual auto show, when someone rear-ends your classic 1957 Chevrolet. Fortunately, you had Collectible Auto insurance. The Collectible Auto Program has more features customized specifically for collectible car owners than a standard auto policy.
Whether it’s icy roadways, a blind spot, or an uncontrolled intersection, Collision Coverage pays any amount more than your deductible to restore the damage done to your vehicle to factory new condition in the event of an accident.
While Collision Coverage is for accidents on the road, Comprehensive Auto insurance is for everything else that could damage your vehicle: fire, theft, floods, collision with an animal or bird, storms, riots, and earthquakes.
Fault or No-Fault Coverage
Who pays for the damage done to your vehicle? It actually depends. If you live in a no-fault state, your insurance will cover you. If you live in a fault state, the accident-causing party’s insurance will cover you. To learn more about your state’s requirements and how they affect you, please contact me at any time.
Glass Repair and Replacement
Enjoy convenient mobile response at your home, school, or wherever you are with 24/7 scheduling and a national lifetime warranty for as long as you own or lease a vehicle.
You never know when someone might get hurt in an accident. You could stand to lose a lot if you are at fault. Liability Coverage provides protection against financial loss.
Medical Payments Coverage
Under this insurance, medical bills and funeral expenses are covered should you or a passenger be injured or killed in a vehicle accident. This coverage extends to you or a family member when riding as a passenger in someone else’s vehicle, or when struck by a vehicle when on foot.
It’s time to get out on the open road. Now more than ever, you may be likely to choose a home on four wheels rather than on a permanent foundation. It’s important to make sure that you and your home have the right protection no matter where you are.
Optional/Add-on Equipment Coverage
Insurance for the enhancements you make to your vehicle, such as a TV screen, a DVD player, or a custom sound system.
Personal Injury Protection (PIP) Coverage
PIP covers a broader range of medical costs than standard Medical Payments coverage. It covers lost wages and the replacement of the services of someone injured in an automobile accident.
Property Damage Coverage
Covers your liability for damaging another person’s personal property, such as a fence or home.
Safety Apparel Coverage
From your helmet and jacket to boots and gloves, this coverage can replace expensive riding apparel should they get damaged in an accident.
24/7 tow, lock out, jump start, flat tire changes, fuel delivery, and roadside winching for snow, mud, and ice. Just sign and drive, with no out-of-pocket payments.
Uninsured/Underinsured Motorist Coverage
On average 25% of drivers have no insurance and another 30% do not have enough insurance. Uninsured/Underinsured Motorist coverage provides liability coverage if an uninsured/underinsured motorist is at fault.