Does one insurance company have better benefits than another? If you listen to car insurance commercials, it’s easy to believe they do. The reality, however, is that many of the most commonly advertised insurance features are available from multiple companies – not just one. In this post, we’ll talk about several well-known insurance benefits and whether they could be right for you.
Name Your Price Tool
At first glance, it may seem like a good idea, but using this tool could end up costing you much more than you save. That is because Progressive’s Name Your Price Tool allows you to find a price you like by drastically reducing or even eliminating certain types of coverage on your policy. Instead of prioritizing your coverage needs and minimizing your risks, this tool highlights the cost of coverage as the main concern.
Here at Smart Move Insurance, we put our customers first. That means looking out for your best interests and avoiding scenarios that could leave you under-insured. Don’t take your coverage into your own hands. Instead, always work with an independent agent to find competitive rates without sacrificing the quality of your coverage.
Forgiveness is a good thing – especially when it comes to car accidents. Allstate’s Accident Forgiveness program promises that your rates will not go up the first time you cause an accident. So what’s the catch? This benefit is only available if you enroll in Accident Forgiveness, which comes at an additional cost. Fortunately, Allstate is not the only insurance company offering this type of protection. Acuity, Nationwide, Liberty Mutual, Progressive, Travelers, and The Hartford are just a few examples of insurers that offer some type of accident forgiveness.
Here at Smart Move Insurance, we shop and compare rates from multiple insurers – including those that are willing to eliminate penalties and surcharges for first-time accidents. Some insurers, such as Integrity Insurance, even offer this additional coverage at no-cost for certain customers.
Bundle and Save
Buying in bulk can save a bundle; at least that’s what the Progressive commercials say. Bundle-and-save discounts are frequently advertised in an attempt to garner more business from existing insurance customers. Although Progressive publicizes their bundling discounts perhaps more than anyone else, the truth is nearly any carrier will offer you a discount if you let them insure both your home and vehicle. Most insurance companies offer discounts for home and auto or renters and auto, and some may even throw in extra discounts if you have an RV, motorcycle, or boat to insure. To find out which company can offer you the most beneficial bundling discounts, contact an independent agent at Smart Move Insurance today.
New Car Replacement
If you buy a new car, the last thing on your mind is having to replace it right away. However, accidents do happen, and sometimes cars are totaled in the first year of ownership. Since vehicles quickly depreciate once driven off the lot, a standard insurance policy may only reimburse drivers for the actual cash value, which is usually a fraction of the car’s original cost.
Liberty Mutual advertises to new car owners with its New Car Replacement program, which promises to replace your totaled vehicle with a brand new one when it is less than a year old and has fewer than 15,000 miles. The company also offers a Better Car Replacement program, which guarantees a car that is a model year newer and has 15,000 fewer miles on it than your old one.
Drivers interested in new car replacement or better car replacement have many options when it comes to insurers. Besides Liberty Mutual, several other insurance companies feature similar and perhaps better protection. Travelers Insurance, for example, goes beyond the first year of ownership to provide new car replacement protection for a full five years.
Continue reading part two of our post Advertised Insurance Features.