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The 5 Biggest Car Insurance Myths Out There

The 5 Biggest Car Insurance Myths Out There

by | Feb 25, 2019 | car insurance quotes, commercial auto insurance

Dealing with car insurance can get a bit tricky, especially when you are not really familiar with how it works. But do not be fooled. The experts at Trueway Insurance are here to make sure you are fully informed with precisely what is going on. We are a business car insurance company you can trust. We offer affordable insurance for people all across Palm Springs.

 

What Are The Myths

Stay ahead of the same. Our professionals want to make sure you are aware of the following myths:

  • You can only shop for car insurance when your current policy expires.
    • Many consumers do not realize that they are not bound to their auto insurance coverage for the full term. The insured can cancel at any time, subject to fees that vary by carrier. In many cases, the carrier will charge a 10% fee on any unused premium. As a simple example, if you cancel after three months of coverage on a $600, 6-month car insurance policy, then you may be subject to a $30 fee. You should compare any fees with the potential savings you could get by switching your auto insurance coverage.

 

  • Working with a direct company is always cheaper than going through a local agent.
    • While it is true that direct companies save money on costs by not incurring agent commission fees, this does not necessarily mean the savings will be passed on to you. Many direct auto insurance carriers will use those savings to spend more on marketing their brand and product. Without the benefit of local agents marketing for them, direct carriers may need to spend a bit extra to create awareness for their brand. In addition, pricing algorithms of car insurance policies are incredibly dynamic and, as a result, there will be a large range in price for any single individual. As long as you are comfortable working with both a local agent and a direct carrier, it is always best to shop all available policies. CoverHound offers you the ability to shop both kinds of coverage while indicating a preference if you have one.

 

  • If your friend borrows your car, then your vehicle is not covered against damages.
    • In most cases, this is simply not true. Comprehensive and collision coverage will provide protection against any damages to your vehicle, regardless of the driver. However, if you explicitly excluded this friend from your auto insurance policy, then damages would not be covered. You should also note that any claims made could result in an increase in your Car Insurance premium. CoverHound helps educate you about the various types of coverage to make sure that you select the one that best fits your needs.

 

  • Auto insurance rates automatically go down when you turn 25.
    • Age is an important variable in pricing models. Like any other variable in the pricing model, age is used to predict the likelihood that the insured will make a claim. While people under 25 are statistically more likely to get into an accident, each company handles the impact of age on the price of the policy differently. There is no hard and fast rule that once you turn 25, the price of your car insurance will decrease. Some carriers may offer a pricing break at 21, 23, or 30. There are a variety of other ways to receive discounts on your policy such as bundling a Homeowners or Renters policy with your auto coverage, paying your premium in full, or even choosing to receive paperless billing. It is important to check with each insurer on discounts you can qualify for when shopping for a new policy.

 

  • Comprehensive coverage covers theft of your vehicle and all items contained within.
    • Comprehensive coverage on your auto insurance policy only covers items physically attached to your vehicle. This may include your car stereo or GPS device if it is factory installed. For coverage on items contained in your cars such as iPods, clothing, and compact discs you will need Homeowners or Renters coverage. Many of CoverHound’s carriers and agents make it easy for you to add such coverage when shopping for your auto insurance policy. Be sure to inquire with them if you are interested.

 

We Offer Business Car Insurance

Trueway Insurance has been providing excellent services to the community since 2012. Our goal is to establish a lasting relationship with our clients, this can only be achieved by providing reliable services while saving thousands of dollars in your auto, home, and business insurance.

 

Call Today For Affordable Insurance

Trueway Insurance is an insurance company located in Palm Springs. We offer affordable insurance for home, car, among others. Ask us about our business car insurance. We are here to provide quality for our customers because we believe in the power that insurance can have in any person’s life. If you are interested in learning more about what we can do for you or you have further questions regarding notaries and how they play a part in the insurance process, contact us at Trueway Insurance today.

Costly Car Insurance Mistakes You Could Be Making

Costly Car Insurance Mistakes You Could Be Making

by | Feb 18, 2019 | car insurance quotes

Choosing a car insurance plan can be a tricky process, especially when you have no idea what you are doing. Most people just select the bare minimum in hopes to get the lowest premium. But is this always the best option? The professionals at Trueway Insurance are here to explain what mistakes you should avoid making when picking your car assurance. Lake Worth trust us to provide the most reasonable auto insurance quotes.  

 

We Are Experts In All Things Insurance

Trueway Insurance has been providing excellent services to the community since 2012. Our goal is to establish a lasting relationship with our clients, this can only be achieved by providing reliable services while saving thousands of dollars in your auto, home, and business insurance.

 

As an independent insurance agency, TrueWay Insurance takes pride in offering superior customer service. Let us assist you in finding the coverage for your car insurance, home insurance, and business insurance needs. We sell insurance anywhere in the state of Florida including Miami, Broward, Palm Beach, and Lucie County.

 

Costly Car Insurance Mistakes

What if you re paying way too much on car insurance? We want to make sure you are aware of what you have missed out on. Here is a list of advantages including savings and tricks. Be cautious of these mistakes:

  • Choosing a too low deductible
    • When a plan has a high deductible, your monthly premiums are typically lower. However, this does mean you have higher out-of-pocket expenses if you were to get in an accident.

 

  • Not taking advantage of discounts
    • Good driving record
      • Zero at-fault accidents
      • A clean driving record
    • Good student driver
      • Must meet GPA requirements
    • Taking a defensive driving course
      • 15% average savings for drivers 16-25
      • 5% average savings for senior drivers
    • Bundling with home or rental insurance
      • Up to 15% consumer rates
    • Vehicle safety features
      • Airbags
      • Anti-lock brakes
      • Daytime running lights
      • Review cameras
      • Anti-theft systems
      • Emergency response systems
    • Low mileage is driven per year
      • This can save up to $400!

 

  • Sticking with the same plan
    • Switching policies following a life event or cleaner driving record can save you money in the long run.

 

  • Opting for monthly payment plans
    • Paying your 6-month premium in full can lower your rate by 5-10 percent

 

Call Us Today Regarding Auto Insurance Quotes

Trueway Insurance is an insurance company located in Lake Worth. We offer affordable insurance for home, car, among others. This includes those looking for cheap car insurance. We are here to provide quality for our customers because we believe in the power that insurance can have in any person’s life. If you are interested in learning more about what we can do for you or you have further questions regarding notaries and how they play a part in the insurance process, contact us. We hope you find the information you need here but if not please give us a call at (561) 318-5540.  Get an auto insurance quotes today!

Your Credit Score May Affect Your Car Insurance Rates

Your Credit Score May Affect Your Car Insurance Rates

by | Jan 7, 2019 | auto insurance quotes, car insurance quotes

Your credit score is an important thing to protect and keep in mind, as it impacts a lot of things in everyday life. Your creditworthiness, or how likely you are to pay back a loan or credit-card debt, is how your credit score is determined. However, something that you may not be aware of is the fact that car insurers also go through your credit files in order to calculate something totally in their personal interest: they look at your credit score in order to predict that odds that you’ll file a claim. If they think that your credit isn’t up to their highest standard, car insurers will charge you more, even if you’ve never been in a car accident, according to data by Consumer Reports. Basically, your car insurance rates can be dependent upon your credit score. Trueway Insurance provides affordable, transparent auto insurance quotes in Palm Springs. Call us today for a consultation!

 

Your Premium Can Depend On Your Credit Score

 

Every insurer has a different algorithm when it comes to interpreting your credit score, picking through about 30 of almost 130 elements in a credit report, which means that every single insurer creates a proprietary score that’s very different from the FICO score you might be familiar with, so that it’s not possible to guess your insurance score from your FICO score. Your premium can be significantly increased. Merely good scores paid $68 to $526 per year, on average, versus similar drivers with the best scores, depending on what state they registered in. Your credit score, moreover, is able to have more of an impact on your premium price than any other factor. One moving violation for single drivers in Kansas, for example, would increase their premium by an average of $122 per year. Even if you have a flawless driving record, a score considere just “good” would boost your premium by $233. A poor credit score then adds $1,301 to their premium, on average.

 

Your Credit Score Can Impact Your Car Insurance Rates

 

Consumers are often kept in the dark when it comes to how insurance companies cook up their scores, as insurance companies are under no obligation to inform you. Thus, as a consumer, you often don’t have a clue whether you’re targeted for a price increase or if you’re considered a prime client. Credit scores came into play for auto insurance quotes in the mid 1990s. Working with the comapny that created the FICO score, car insurers began to test the theory that the scores might help to predict claim losses, on a hush-hush basis. Almost every insurer was using credit scores to set their premiums by 2006, yet two-thirds of consumers surveyed by the Government Accountability Office around that time period had no clue that their credit score came into play when it came to  their insurance premiums. Even today, it’s not a widely known fact, and insurers don’t tend to advertise it- they don’t ahve to. A sudden drop in your score could cause them to cancel your policy or raise your rates, and in that case you’d receive an “adverse action notice,” which contains only the most cryptic information that has very limited use.

 

Contact Us Today

 

Your credit score can have a profound impact on your car insurance rates. For transparent, affordable auto insurance qutoes in the Palm Springs area, call Trueway Insurance today!

What To Know About Getting Your International Driver’s License

What To Know About Getting Your International Driver’s License

by | Nov 19, 2018 | car insurance quotes

When traveling abroad, being able to drive can be a valuable and useful asset. Having an International Drivers License is necessary for driving a motor vehicle when traveling outside of the US. You can obtain an international driving permit (IDP), which, when accompanied by a valid US driver’s license, will allow you to legally drive a motor vehicle in the over 150 countries that recognize it. When renting a car outside of the country, many rental car agencies may also require or recommend an IDP. There are just a few things to keep in mind when it comes to your International Driver’s Permit. Trueway Insurance in Lake Worth provides affordable auto insurance quotes for Florida residents. Call us today for a free consultation!

 

What is an International Driver’s Permit?

 

In order to drive a vehicle in another country, you will need an International Driver’s Permit (IDP) in addition to the valid driver’s license you hold that is issued by your state. An International Driver’s Permit has the added perk in over 175 countries and many major international rental car companies of being recognized as a valid form of identification. It’s not very difficult to obtain an International Driver’s Permit, but it does require your driver’s license and you do have to go through a series of steps that can take anywhere from a day to a few weeks. The amount of time it takes to obtain an IDP depends on whether you’re going through walk-in processing or applying via mail. This means that you should plan ahead if you are thinking of driving or renting a car on a trip abroad, and planning can also be useful when getting auto insurance quotes for driving abroad. In the United States, there are only two locations that issues IDPs The American Automobile Association (AAA) and the American Automobile Touring Alliance (AATA).

 

Obtaining and Using Your International Drivers License

 

International Drivers Permits (IDPs) in the United States are solely issued by the American Automobile Touring Alliance and the American Automobile Association. Purchasing an IDP from other sources are entirely illegal, and is highly recommended against by the United States State Department. It is possible to obtain an IDP for anybody who is over the age of 18 and who has held a valid drivers license for six months or longer, and an IDP generally remains valid for at least one year or the duration of your existing state driving license. When applying for an IDP, it’s crucial to check out the requirements and legalities in order to make the process as efficient as possible. Once you’re selected a provider, you should visit either the AAA’s application or the NAATA application’s website to print out the International Driving Permit Application, complete all applicable fields, and submit it.

 

Contact Us Today

When traveling abroad, it’s important to be prepared and flexible. Part of preparing for travel is making sure you have all the necessary documents and means of transportation such as an international drivers license. Trueway Insurance is a top auto insurance provider in the Lake Worth area. Call us today for premium auto insurance quotes!

What To Look For In An Auto Insurance Plan

What To Look For In An Auto Insurance Plan

by | Nov 15, 2018 | car insurance quotes

Have you ever sat in front of a computer with a list of car insurance quotes and had no idea what to do with them? Everyone seems to be able to make it to this point; you need new insurance, you go online, search up insurance companies, and get a pile of auto insurance quotes that are just numbers staring back at you. The next step is what everyone seems to struggle with, how to compare car insurance quote. Is looking at the price enough or are you doing yourself a disservice by not digging deeper? Contact TrueWay Insurance for more details.

 

Compare Car Insurance Quotes With Confidence

Typically when you are looking to switch insurance providers for your car, you will head to a site that provides auto insurance quotes from multiple companies and make your decision based on the price you see, but this isn’t the most effective way to choose a policy. The truth is, every policy includes its own specific details and services that wouldn’t be obvious through the price, which means you’re going to think you’re getting the best deal because you got the lowest price, but in reality, the services provided in your new policy may be lacking. Car insurance comparison websites could be a great tool if you know how to properly use them and you make sure that all of the quotes are for policies with identical details and services.

 

Tips For Identifying Top Insurance Coverage

  • Get quotes from several companies: like anything that you are shopping for you don’t want to go with the first insurance policy you see. Getting auto insurance quotes for at least 4 or 5 companies at a time is ideal, as long as you are making sure all the details of the policies are the same. Remember you want to compare apples to apples. If there is one company that offers a significantly lower rate than all of these others this should be a red flag. The low balling company may be excluding certain types of coverage that could result in having inferior coverage.

 

  • Make sure the companies have a good rep: Although people only like to talk about pricing when it comes to car insurance picking your new policy cannot be all about money. You need to consider the company providing the coverage. If the company you choose has the lowest premium, but they have a history of not paying claims or being difficult to get in contact with it’s not going to matter that you’re paying a low premium because that money is going to be wasted. Like any business insurance companies get graded through A.M. Best. Check the companies score and stay with companies that have a score of A++/A+ (Superior), A/A- (Excellent), B++/B+ (Good). A company with a rating below a B+ is having financial problems.

 

  • Added benefits: Sure it’s important to make sure that the policies you’re comparing are identical, but it’s also important to look at any extra benefits that the companies offer. Some features may not matter to you, but others may be able to sway your purchasing decision so pay attention. For example, some companies may be more expensive, but they may offer towing/labor cost reimbursement, tire changes, gas delivery if you’re ever stranded and you run out! Also, pay attention to rental reimbursement features. This is an additional benefit that can help pay for a rental car if your car needs to be fixed. Some companies will offer up to $30 a day while others may only offer up to $20 and some may offer you nothing.

 

Contact Us

In order to compare auto insurance quotes effectively, you need to make sure you include all the best in the business. TrueWay is a leading insurance provider in Palm Springs and is here to help ensure you get the best coverage at the best price! Call or visit us today for more information.

Protecting Your Collectors Item. What Does Classic Car Insurance Cover?

Protecting Your Collectors Item. What Does Classic Car Insurance Cover?

by | Oct 22, 2018 | car insurance quotes

Classic car insurance can seem like a mystery to many, but Trueway Insurance in Palm Springs knows it could be the only thing protecting your classic car from damage. Classic car coverage is made to protect your classic vehicle in much the same way that standard insurance would cover a regular car. However, there are several differences that make classic car insurance quotes ideal for classic cars.

 

What is Classic Car Insurance?

 

Classic car insurance has one major difference from regular auto insurance. This is that, with classic car insurance, you get a guaranteed value that your car is insured for. That is, say that you were to get into a car accident with a regular car. Your insurance company would only pay out the amount of the car minus depreciation. That means that if your car is several years old, you would get a smaller sum for it than what you actually paid when you bought it.

 

On the other hand, classic car insurance pays out a different sum. Typically, this is an amount that is agreed upon by you and the insurance company. This sum is going to be the amount that the car is actually worth and does not include depreciation. This is because many classic cars actually increase in worth rather than decrease.

 

Classic cars are defined by many insurance companies as being from 19 to 24 years old. They must also be restored and in good working condition. Additionally, they must have greater-than-average value of other cars of the same model year and make.

What Does It Cover?

 

Many classic car insurance policies work much the same way that regular insurance policies do. They cover things like liability, collision, comprehensive, medical payments, and uninsured or underinsured motorists. However, unlike regular car insurance, there are some options that are available to classic car owners that are not available to regular car owners. One of these is auto show reimbursement, which covers injury sustained while your car is on exhibit. Another is no attendance required which protects your car while you are away from it if it is on display at an auto show.

Is My Car Eligible?

 

Eligibility restricts car owners from using the car as their primary vehicle. They must also make sure that they do not exceed a certain number of miles per year which can vary by state. For many policyholders, they are only allowed to use the vehicle as a hobby or to participate in a show or exhibition. Many insurers will refuse to cover the car if you use it as a regular car and they will deny claims wherein the car was used to drive to work, shops, or other places.

Certain companies may have restrictions about the conditions that you keep your car in. For instance, many of them won’t cover you unless you have a garage or other enclosed space to keep your car in. Additionally, most of them won’t cover you if you do not own another vehicle that you use primarily.

Searching for Car Insurance Quotes? Contact Us

Trueway Insurance is a car insurance company located in Palm Springs. If you are looking for car insurance quotes, feel free to contact us to learn more about how we could help you.