Jim Oliver's Insurance Agency<br />&nbsp;(805)985-5488
  • Home
  • The Oliver Twist
  • Farmers Insurance
  • Health Insurance
  • Auto Insurance
  • Fire Insurance
  • Life Insurance
  • Business Insurance
  • Motorcycles
  • Water Craft
  • Contact Information
  • Claims Information
  • License 0826231

Auto Rates

8/1/2016

0 Comments

 
Picture
I was talking with a client yesterday and they were lamenting about how the price of everything just keeps going up. Nothing seems to be getting cheaper. I tried to recall the last time insurance rates decreased and I would say it has been at least 10 years. It seems there are always events driving auto insurance rates and currently a major issue is the cost of repairing today’s sophisticated vehicles. Over this past year, a larger percentage of my clients that had car accidents ended up with the car being a total loss. With all the new safety features and new gadgets on today’s cars come more expensive repairs.

Airbag deployment, backup cameras, auto breaking systems, self-parking sensors, rain sensing windshields, tire pressure sensors….. you get the idea. If any of these are deployed or damaged in the accident, they must be repaired or replaced, and this is before you figure the cost of repairing the bent sheet metal. So the average cost of repair goes up and unless the frequency of accidents declines, our premiums will also go up.


So what can you do to slow the increase of your auto premiums? Drive conservatively and try to avoid those drivers who are in a hurry or not paying attention. At stop lights leave plenty of room between your front bumper and the rear bumper of the car in front of you so if you are hit in the back, you don’t get pushed into the car in front of you. Don’t be texting while driving and honk at those who are, (just kidding). Don’t get in a hurry and try to “make it” on the yellow light. If you are a defensive driver and have avoided being in an accident, you might consider increasing your Collision deductible which can save you money if you drive a late model vehicle. If you have Medical coverage to help offset your high health insurance deductible in case of an auto injury, you can modify this coverage to have a $500 deductible which will save you money as well. And if you drive an old car like I do and you are still paying for Collision coverage, you might want to remove that completely. You can always call your agent and at least see what can be saved by making some of these changes. It could be worth doing or maybe not, but you can at least make an informed decision.

Be safe out there.

0 Comments

    Author

    Living the American Dream guy.

    Archives

    May 2022
    June 2021
    May 2021
    February 2021
    September 2020
    March 2020
    February 2020
    January 2020
    November 2019
    October 2019
    September 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    December 2018
    October 2018
    August 2018
    July 2018
    June 2018
    March 2018
    February 2018
    October 2017
    September 2017
    August 2017
    July 2017
    May 2017
    March 2017
    February 2017
    January 2017
    October 2016
    September 2016
    August 2016
    May 2016
    March 2016
    January 2016
    October 2015
    June 2015
    May 2014
    March 2014
    November 2013
    August 2013
    May 2013
    March 2013
    October 2012
    August 2012
    June 2011
    May 2011

    Categories

    All
    Customer Service
    Insurance

    RSS Feed

Contact