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What affects the price of
insurance?
Where you live
Generally, urban areas
have a higher rate of accidents, theft and vandalism
then those in those in more rural settings which
means urban drivers typically pay more for
insurance.
Age, sex and marital status
Older and/or married
drivers pay less then young single drivers as a
rule.
How much you drive
Typically the more you
drive on a daily basis along with what your vehicle
is used for will make a difference in your rate.
Driving record
Those drivers with either
tickets or accidents will pay more then drivers with
clean records.
Credit history
Studies have shown that
credit history is a powerful predictor of future
auto insurance losses. Many insurance companies
consider certain credit characteristics in addition
to many other factors when determining an
individual's rate.
What
discounts are available?
Are you eligible for a discount?
Oliver Insurance auto
policies offer a variety of discounts
that include:
·
Multi-car
·
Paid in Full
·
Account/Multiple Line
·
Vehicle Safety
·
Claims Free
·
Anti-Theft Device
·
Defensive Driving /Accident
Prevention
·
Good Student
·
Driver Training
·
Teensurance/Youthful driver program
Availability of
discounts varies by company.
What are my coverage and deductible
options?
What is a deductible?
A deductible is the part
of a covered loss that you have agreed
to pay out-of-pocket.
If you file a claim
against your insurance, you will pay
only the amount of the deductible.
When choosing a
deductible, you must decide how much you
would be willing and able to pay
out-of-pocket, if you had to file a
claim.
Higher deductibles
typically mean lower premiums.
Who does my auto insurance policy cover?
An Auto Insurance policy
typically covers:
·
You and your spouse
·
Relatives who live in your home
·
Other licensed drivers who have
permission to drive your insured
vehicle.
Types of auto insurance coverage
An Auto Insurance policy
generally consists of several kinds of
coverage's.
Because all 50 states
have different laws when it comes to
Auto Insurance, the following coverage
descriptions are simply general
information. They are not statements of
contract.
To learn more about auto
insurance in your state,
contact your Oliver Insurance Agent.
Automobile Insurance Coverage's:
Liability
Liability coverage
protects you from having to deplete your
assets to pay for damages if you're held
responsible for injuries or damages
arising from a car accident.
Auto liability coverage
falls into two categories:
1.
Bodily Injury Liability
- protects you if you are held responsible for injuring someone in a car
accident. This coverage helps pay for the injured party's medical expenses
and lost wages. Bodily injury liability may also help pay your expenses in a
related lawsuit. The amount covered is capped at the limits on your auto
insurance policy.
2. Property Damage Liability
- protects you if you are held responsible for damaging someone else's property
in a car accident. Property damage coverage helps you reimburse another person
for their damaged property (such as a car, a fence, or a home). This type of
auto insurance coverage also helps pay your expenses in a related lawsuit. The
amount covered by property damage liability is capped at the limit you choose
when you buy your auto insurance policy.
Personal Injury Protection (PIP)
This coverage pays the
reasonable and necessary medical
expenses for covered persons for
treatment due to an auto accident.
It may also pay for:
·
Rehabilitation
·
Lost earnings
·
Replacement of services (For
example, child care if a parent is
disabled.)
·
Funeral expenses
Medical Payments
This coverage is
available in most states. It pays medical and
funeral expenses for covered persons when those
expenses are related to an auto accident.
Collision
This coverage helps pay
for damage to a covered vehicle caused
by:
·
Collision with another vehicle
·
Collision with an object
·
A vehicle rollover
A deductible is
required.
Comprehensive
This coverage helps pay
for loss of or damage to an insured
vehicle, not caused by a collision or
vehicle rollover.
Examples of this type of
damage or loss include:
·
Fire
·
Wind
·
Hail
·
Flood
·
Vandalism
·
Theft
·
Hitting an animal
A deductible may apply.
Uninsured Motorist
This
coverage pays for damages when a covered
person is injured in an auto accident
caused by a driver who does not have
Liability Insurance.
In some
states this coverage may also pay for
property damage.
This coverage varies by state and
depends upon policy provisions.
Underinsured Motorist
This
coverage pays for damages when a covered
person is injured in an auto accident
caused by another driver who has
insufficient Liability Insurance.
Application
of this coverage varies by state and
depends upon policy provisions.
Rental Reimbursement
Rental car reimbursement
is an optional coverage that helps pay for your
rental car expenses if an insured car is damaged or
stolen and you need a rental car.
Emergency Road Service
This
optional coverage, sometimes called
towing coverage, pays a fixed amount
toward the following:
-
Towing
- Tire
Changing
- Gas,
Oil and Water delivery
-
Battery Services
-
Lockout Services
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