Thursday, April 13, 2017

What is Rental Reimbursement Coverage (and Do You Really Need It?)

As you look through your auto policy documents, you might have seen a coverage called Rental Reimbursement. What is this? And do you really need it? 

Basically, Rental Reimbursement coverage is there to help you obtain a rental car while your car is unavailable due to a covered insurance claim.

For example, if you had a fender bender and your car is in the shop for a few days getting a new bumper.  Or after a major storm, you’ve got hail damage that needs to be repaired.

While the Car is Being Repaired, What Will You Drive?

That’s where Rental Reimbursement coverage comes into play. With this coverage, the insurance company will pay a certain amount per day (based on your policy) towards a rental car. That way, you’re not inconvenienced while the repairs are being made.

We highly recommend that you have this coverage, because if your car takes a week or more to get repaired you could save a considerable amount of money over being forced to rent a car without that coverage. However, there are a few situations where it might not be necessary.

Times When You May Not Need It

If you own multiple vehicles and could easily drive another while your car is in the shop, you may not need rental coverage.  And if you rarely drive your vehicle, don’t have a job that requires you to drive daily, and could easily stay home for a week and walk where you need to go, you may not need rental coverage either.

If you’re not sure what’s best for you, then give SAV-ON Insurance a call at 888-867-2866 to discuss exactly how much the coverage will cost you each month and what different levels are available.  We look forward to helping you choose the right insurance coverage! 


Thursday, March 30, 2017

When is the Cheapest Auto Insurance Rate a Bad Idea?

So you’ve been shopping for auto insurance and have received several quotes.  There is a variety of companies, coverages, and prices.  Which one should you choose? 

A lot of people just pick the cheapest one and go with it immediately, but this can be a BIG mistake.  Let’s take a look at a few things to consider when comparing quotes.

#1 – Compare deductibles.  Review each quote and if a vehicle has comprehensive and collision coverage, look at what deductible is listed.  The deductible is the amount you will pay out of pocket before your insurance kicks in.  A higher deductible (like $1000 or $500) will result in a cheaper monthly premium.  Look and see if all of your quotes use the same deductible on each vehicle. 

#2 – Compare Liability coverage.  The liability coverage will be listed as Bodily Injury and Property Damage on your quote.  Look at the numbers and see if they are the same on each quote.  This is the total amount the policy will pay out if you cause an accident.  A higher number means more coverage and will cost slightly more.  Are all of your quotes using the same amount of liability coverage? 

#3 – Compare extras.  Next see what extras are in the policy.  Is there coverage for a rental car?  What about towing if you break down?  Does the policy forgive your first accident or offer other perks?  Make notes of all the extras for each quote.  Consider if these are things you need on your policy and make notes to ask additional questions if you aren’t sure what’s included.

Next step, get an apples to apples quote
.  You can’t compare an apple to an orange right?  They’re totally different.  That’s why you only compare prices on insurance quotes that include the SAME coverage.  Call those companies back up and ask them to adjust the coverage as needed to get a better comparison.

Also, take into account the reputation of the company you are working with.  If you’ve never heard of the insurance company, ask for information from the agent about their rating in your state and how reliable they are in paying their claims.  A few extra dollars per month can be worth it for a reputable company that you can trust.  SAV-ON Insurance Agencies has been doing business for over 50 years in the state of Washington.

Have questions? Give SAV-ON a call today at 888-867-2866 for a free rate quote! When you refer someone to us, whether or not they buy a policy, we contribute to a local charity that raises funds to find a cure for cancer!

Also, make sure to visit our Facebook page and 'like' us. If you do, you'll be entered in our 'FB Like' contest, where you could win valuable prizes!

Tuesday, February 14, 2017

When Do I Need My Own Insurance?

We get a lot of questions from drivers in their teens and 20s about auto insurance when it involves being on their parents' policy or having their own.  When is it time for you to get your own policy?

There are Several Factors to Take Into Consideration: 

The first thing to look at is WHO lives in the household.  If you still live in your parents' home, then you can be listed as a driver on their policy, regardless of your age.  If you do NOT live in your parents' household, then you will need to obtain your own policy.

We also have to look at who is the titled owner of the vehicle.  If your parents own the car, they'll want it on their insurance OR they’ll need to be listed as an Interested Party on your auto insurance policy.  That means that if you were to quit paying on the policy and it canceled, they would be notified.  (As the owner of the vehicle, they could be held responsible if it was being driven without insurance.)

If you are the sole owner of the vehicle, it can only be added to your parents' policy if you still live in their household. If you live elsewhere, you must have your own policy.

(Some of these rules will vary depending on the age of the driver and if they are away at college or living out of state.)

This can all sound confusing, which is why we always recommend working with SAV-ON Insurance agency to go through the details.  We’ll make sure that your policy is set up correctly and that everyone is getting the best possible rate.

Call us today at 888-867-2866, text us at 206-592-6007 or visit www.sav-on.com!