Tag Archives: car insurance

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girl in car

Deciphering Car Insurance

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One of the biggest milestones young Americans reach is when they earn their driver’s license. It represents the freedom to go wherever and whenever you’d like. As many drivers have learned by now, cars often come with a lot of obligations and rules to follow.

Car insurance is one necessity that can feel very burdensome, especially when it comes time to pay for it each month. The frequently eye-watering costs and confusing types and quantity of policies explain why the Insurance Research Council estimates that 14 percent of the driving population in America is uninsured.

At Yetter Insurance, we work with you to determine your auto insurance needs and personalize your service to bring you the protection you deserve at the best value. There are several criteria that go into our assessments of how much coverage you should purchase.

A patchwork of laws

Every one of the 50 states has its own rules on car insurance. Depending on whether you live in Pennsylvania or New York can dramatically change your the kind of auto insurance you must have.

Liability coverage helps cover the costs of any victims’ injuries and damages that result from a car accident that you caused.

Pennsylvania requires $15,000 per person and $30,000 total per accident in bodily injury liability coverage. State law also requires $5,000 in property damage coverage. Additionally, the state requires that you purchase a minimum of $5,000 in medical benefits coverage.

New York, on the other hand, mandates $10,000 for property damage for a single accident, $25,000 for bodily injury to one person and $50,000 for bodily injury to all persons involved in an accident.

Another difference between New York and Pennsylvania requirements is that only drivers who are registered in New York must buy at least the minimum limits of uninsured/underinsured coverage. This is to protect yourself in case you are involved in an accident with someone whose insurance is inadequate. Not having this coverage means that you will have to pay for all damages incurred by the other driver. Although uninsured/underinsured motorist coverage is not required in Pennsylvania, it is recommended by our agency.

Finally, it is important to understand the no-fault laws in both states. New York regulates that each driver involved in an accident will be covered by their own insurance policies for any damages suffered. In order to avoid such potentially costly civil suits, all drivers must carry $50,000 minimum in basic no-fault insurance coverage.

In contrast, Pennsylvania mixes the no-fault system with tort or “at fault” law. Policyholders have two options: a limited right to sue, or the full right to sue for medical costs and pain and suffering. The limited tort option allows you to sue for all medical costs incurred from a car accident. This option comes with a cheaper premium but will limit your right to sue for pain and suffering.

Collision and comprehensive coverage can be useful

In both states, other types of coverage like collision and comprehensive are not required; however, they are probably worthwhile for you. Collision insurance will help pay to repair or replace your car if it’s damaged in an accident.

Comprehensive insurance covers damage to your vehicle not caused by a collision, like weather events, animal damage, vandalism, or theft.

If your area has a high rate of any of those factors and you likely could not afford to replace or repair your car in such incidents, you should consider collision and comprehensive coverage.

Also, if you are paying for your car with a loan or you are leasing it, your lender or leasing company likely will require that you buy such coverage.

Driving less means buying less gas and insurance

Driving fewer miles a year than the average driver means the potential for cheaper car insurance rates—and can affect the amount of coverage you want your policy to include. The less you drive, the lower your chances of getting into an accident. Being less likely to get in an accident means that you are less likely to have to pay out-of-pocket for damages that exceed your policy limits.

Protecting your assets with liability coverage

Getting in an accident where you cause bodily harm to another person can wreck your finances. The amount of liability coverage you carry should be high enough to protect your assets in the event of an accident. In the event of serious harm inflicted upon the other driver, you may be sued for a large amount of money. The greater the value of your assets, the more you stand to lose.

To get a rough idea of your net worth, calculate how much it would cost to replace everything you own. Most experts recommend a coverage limit of at least $100,000/$300,000, but that may not be enough.

Buying more insurance than you’re required to may seem like an unnecessary expense, but it’s important to educate yourself about the options available for car insurance. Becoming a well-informed consumer will protect you and your wallet.


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Thanksgiving decorations

Thanksgiving Travel Tips

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Thanksgiving is a time when we gather with friends and family to celebrate that for which we’re thankful, but it’s also a time to practice caution. When you’re traveling this Thanksgiving, keep in mind the added risks associated with the holiday. By following the simple tips outlined here, you can reduce the likeliness of becoming another Thanksgiving statistic.

Be Careful on Thanksgiving Eve

There are more drunk drivers on the road the night before Thanksgiving than any other day of the year. There are a few reasons for this.  Thanksgiving is one of the only times of year when those who have moved away from their hometowns return. They may meet at bars to catch up with old friends who have also dispersed around the country.

Drive Defensively

If you are going to be traveling the night before Thanksgiving, it is imperative that you engage in defensive driving and understand that other drivers on the road may have been drinking. Keep a safe following distance, pay extra close attention when approaching intersections, and stay extra vigilant when you’re driving around other motorists.

Celebrate Responsibly

If you’re going out to meet up with friends at a bar or party the night before Thanksgiving, you should secure a designated driver, call a taxi, or offer to be the designated driver to ensure a safe trip for all involved.

Driving on Unfamiliar Roads

The day before Thanksgiving isn’t the only dangerous day on the road. With many drivers who are unfamiliar with their surroundings populating the roads, the whole week presents added dangers while traveling by car. Thanksgiving night has a 20% increase in traffic accidents, Black Friday has a 34% increase, and the Sunday after Thanksgiving has the highest number of out-of-state accidents of the week.

Tips for Traveling Safely

The following tips can help you avoid having an accident:

  • If you’re going to be drinking, be sure to get a designated driver or hire a taxi.
  • Consider traveling home the Monday after Thanksgiving. There is a dramatic reduction in the number of accidents on that day than the week leading up to it.
  • If you can’t wait until Monday to travel home, there are 17% fewer accidents on Saturday than on Sunday.
  • Maintain safe following distances.
  • Be extra vigilant when approaching intersections.
  • Don’t drive aggressively.
  • Give yourself extra time to reach your destination to account for traffic and the possibility of getting lost.

Avoid Black Friday Fender Benders

For many people, Black Friday is just as much a part of the holiday as Thanksgiving Day itself. The parking lots of major retailers are often packed and present accident risks of their own. If you’re going shopping on Black Friday, follow these tips to reduce the likeliness of leaving the store to find your car damaged in the parking lot.

  • Avoid diagonally positioned spaces. There is an increased risk of being sideswiped in diagonally positioned spaces in comparison to straight spaces.
  • Don’t park at the end of aisles. Cars parked on the end of aisles are more likely to be involved in an accident due to additional exposure to turning vehicles.
  • To prevent dings and dents, park further away from the entrance of the store where you’re less likely to come in contact with other cars’ doors and shopping carts.
  • Be careful when pulling in and out of parking spaces.

Keep Your Home Safe While You’re Away

Beyond the dangers of traveling the week of Thanksgiving, there are also precautions you should take if you’re going to be out of town for several days. If you’re going to be away from home for more than a day, use the following checklist to make sure your house is protected while you’re gone.

  • Shut off all appliances before leaving.
  • Turn off the water to your hoses.
  • If you live in a cold weather area, wrap your outside pipes to keep them from freezing.
  • Make sure all of your important documents are locked in a fireproof safe.
  • Don’t post on social media that you’re leaving town. Burglars often turn to social media to see who will and won’t be home.
  • Set your lights to timers. This gives the impression that someone is home.
  • Close and lock all doors and windows.
  • If you have a burglar alarm, set it before leaving.

With just a little preparation and patience, you can dramatically lower the likeliness of becoming a Thanksgiving statistic. To make sure that your home and car are covered in the event of an accident during the holiday, please contact your Yetter insurance agent by calling (570) 296-8329 or visit http://yetterins.com/

Sources:
https://www.progressive.com/newsroom/article/2015/november/progressive-data-safe-travel/
https://www.pciaa.net/pciwebsite/cms/content/viewpage?sitePageId=35980

 


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Get the right Coverage for your Auto Insurance in Pike County, Wayne County, PA, Orange County, NY

7 Ways to Slash Your Auto Insurance Premium

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Auto insurance is a cost that we all must incur if we wish to have our vehicles on the road. What many don’t realize is that there are a variety of ways to lower the cost of auto insurance premiums. There are many factors that can affect your premium, meaning there are many ways to reduce your premium based on your behavior and habits.

Here are seven ways that can potentially lower your auto insurance premiums:

  1. Reduce Your Coverage Collision coverage provides enormous benefits if you’re involved in an accident while driving a newer automobile, but for older cars and trucks, it might not be worth it.  If you are driving an automobile that is worth less than $3,000 in its current condition, you may benefit from no longer having collision coverage on it.

 

  1. Grouping Insurance Policies

Many insurance companies offer discounts if you get multiple policies, like your auto and home or renters insurance, from them. By bundling your insurance plans, you can often lower your premiums by up to 7% through a multi-line discount.

 

  1. Raise Your Deductible

Your deductible is the out-of-pocket cost that you pay when you make a claim. For most of us, auto insurance claims come few and far between. It’s a good idea to raise your deductible if you can afford a higher out-of-pocket cost when you make these claims. The savings that add up through years of lower premiums can easily outweigh the one-time cost of a higher deductible. If you don’t regularly make claims on your auto insurance, raising your deductible can be a good way of lowering your premium.

 

  1. Track Your Mileage

How often you drive your automobile contributes to the cost of your insurance premium. The more your car or truck is on the road, the more likely it is to be involved in an accident. Many people simply estimate how many miles they put on their car in a year, and it is important not to overestimate. By tracking your mileage, you can give the insurance company a concrete number of miles that you drive in a year. Also, if you have recently replaced your automobile and now use it as a secondary vehicle, then you are not putting as many miles on it. Contact your insurance agent and update them on the annual mileage of your, now, secondary vehicle.

 

  1. Drive Carefully

This is one that most of us are aware of already. A safe driving record with no traffic violations lends itself to lower insurance premiums. Avoid speeding, and be a defensive driver by staying aware of other drivers on the road to help reduce the risk of accidents and traffic violations. Your insurance company will reward you for your safe driving habits.

 

  1. Improve Your Credit Score

Your credit score factors into the cost of your insurance premiums. While there may not be a way to measure the risk of getting into an accident, many insurers use it because it has been shown there is a direct correlation between how an individual manages their credit and whether they will file a claim. By eliminating credit card balances, paying bills on time, and practicing other sound financial habits, you can raise your credit score and lower your insurance premiums.

 

  1. Anti-Theft and Safety Features

Make sure your insurance company knows about the anti-theft measures and safety features of your automobile. By parking in a garage, you reduce the risk of theft, which can lower your premium. You can also install a car alarm or an ignition cutoff switch to lower the probability of theft. Added safety features such as a backup camera, electronic stability control, anti-lock brakes, air bags, and automatic seatbelts can also help to lower your premium.

 

Talk to a Yetter Insurance agent today to find out how you can lower your auto insurance premium. For more information, please contact Yetter Insurance Agency at our Milford office. Visit www.yetterins.com or call 570-296-8329.

 

Source: https://www.erieinsurance.com/auto-insurance/discounts/insurance-discounts

 

 


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