If you own your own vehicle, you most likely have a grasp on the concepts within an auto insurance policy. However, there are a few facts that you may not be aware of. Below are seven auto insurance facts that you should know:

1. In the event of a vehicle theft, anything stolen from within your car is not covered by your auto insurance policy. Instead, your homeowner’s insurance covers those items.

2. Cars are considered “low-risk” when looking at the purchase price and safety/theft statistics, and they are considered “low-profile” if they are less likely to be stolen. If you have either a low-risk or low-profile (or both) vehicle, your auto insurance policy rates will be lower than your neighbor who drives a high-risk, high-profile vehicle.

3. Have AAA on speed dial? That can lower your coverage costs for auto insurance.

4. What you do for a living has an impact on your rates. People who are engineers or teachers – for example – can ask for a discount because of their occupation.

5. You may unfortunately know this from experience, but if you let a friend borrow your vehicle and they get in an accident, you are responsible for filing a claim (and paying the deductible).

6. Using the same insurance company for multiple policies – like home and auto coverage – can get you a multi-policy discount. Many companies encourage you to use the same company for multiple insurance plans.

7. If you switch your car insurance policy, make sure that you cancel your previous policy. Leaving an old policy open without cancelling can affect your credit.

Chalk and Gibbs is a full service independent insurance and real estate agency serving the great people of eastern North Carolina. For questions regarding the facts listed above, or any other insurance concerns, send us a message through our Contact Us page. You can also give us a call at any of the phone numbers listed in the top right-hand corner of our website.

Posted 9:40 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Contact Email Us Get A Quote Meet Our Staff

Insurance Companies
General Casualty
National General
Progressive
Safeco Insurance
Frontline
BlueCross BlueShield of North Carolina
Authorized Agent
Home     |     About     |     Contact     |     Service     |     Privacy     |     Disclaimer     |     Search

© Chalk & Gibbs Insurance and Real Estate

Chalk & Gibbs Insurance and Real Estate is an independent authorized producer/agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (BCBSNC). The content contained in this site is maintained by Chalk & Gibbs Insurance and Real Estate. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association.

®, SM Registered marks of the Blue Cross and Blue Shield Association.