We continue with Part Two of our post, Advertised Insurance Features.
Bundle and Save
We’ll kick off part two with Progressive’s Bundle-and-Save Discount. Chances are if you are buying your own car insurance, you also probably pay rent or own your own home. The Bundle-and-Save discount is a promotion Progressive uses to get as much of your insurance business as possible – by offering you a discount for multiple lines of coverage.
The truth is nearly all insurance companies have some type of discount for drivers who bundle multiple coverage lines together, whether for more than one vehicle or home or renters insurance. Some will even extend the discounts to coverage for other types of vehicles, such as RVs, boats, and motorcycles.
Safe Driving Bonus Check
If you drive safely, you should be recognized for your efforts. Insurers benefit when you remain accident-free, which is why many are willing to extend discounts and other benefits for safe driving. One example is Allstate’s Safe Driving Bonus Check, which promises to send a check to accident-free drivers every six months. To qualify, drivers must:
- Enroll in the Your Choice Auto Program
- Have good credit
- Have a good driving record
- Pay an additional cost to remain in the program
Drivers qualify for the Safe Driving Bonus Check receive a payment essentially worth up to five percent of the premiums paid into the policy over the previous six months. For a $500 policy, that’s about $25.
If you are interested in safe-driving benefits, talk to an independent agent here at Lillie-Couch Insurance about your options. Many insurance companies have special offers for safe drivers, such as premium discounts and premiums and deductibles that become gradually smaller as you remain accident-free over time.
Roadside Assistance is our next topic in response to the commercials Liberty Mutual currently runs promoting the service. With Roadside Assistance, help is available any time of the day or night to deliver fuel, change a flat tire, jump off a battery, or help you unlock your car. It comes at an additional cost, but many drivers find the small fee to be well worth the peace of mind Roadside Assistance can provide.
If you’d like to add Roadside Assistance to your car insurance, give us a call here at Lillie-Couch Insurance. Nearly all insurance companies offer a version of this protection, although the fine points of this coverage may vary from insurer to insurer.
When you total your car, you expect the insurance company to pay for the damages, but sometimes the settlement is not enough to cover the entire loss. Most vehicles rapidly depreciate, resulting in car loan balances that are much higher than the value of the vehicle. If you total your car during the first few years of ownership, the insurance settlement may fall short of paying off your loan. GAP coverage is designed to pay the difference, helping you to avoid a large bill from your lender.
Sometimes GAP insurance is offered by lenders and car dealers when you first finance a new vehicle. Though legitimate, you could end up paying too much money for too much coverage by going this route. Lender and dealer-sold coverage often requires upfront payment of premiums for the entire duration of your loan – even the latter years when your car’s value exceeds the balance of your loan. Instead, we recommend adding GAP protection through an independent agent who can also help you drop the coverage once it is no longer necessary.
In short, advertised insurance features are not always exactly what they seem. Always consult with an independent agent here at Lillie-Couch Insurance when you have questions about specific benefits or discounts and whether they could be right for you.