Having Adequate Car Insurance Is Serious Business
When it comes to car insurance, it’s critical to understand what your coverage options are — not just for your car, but for yourself, your loved ones, and the people who may be injured as a result of potential negligence on your end.
If you were ever involved in an accident and found to be at fault for someone else’s bodily injuries, you could lose everything if you’re not properly insured.
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When it comes to auto insurance, people don’t always realize that having excellent coverage doesn’t necessarily mean having higher insurance premiums.
Because Gable Insurance Group is 100% independent, we can take your current car insurance coverage options and compare them with a wide range of insurance providers to see who offers you the best deal possible.
The best part? It doesn’t cost you a penny more to work with us. We are compensated by the insurance carriers directly and work on your behalf to effectively cover your needs and exposures and make sure that there are no hidden gaps in your policy.
No two car insurance contracts are the same, and while two policies side-by-side might look the same, the fine print behind the cover page can vary drastically from company to company.
This means you need someone who truly understands policy contracts, like us, to sort through the exclusions and conditions for you, so you can rest easy knowing that you have the best possible coverage at the best price without having to learn legal jargon.
Bodily Injury Liability
Un-insured & Under-insured Liability
- Lacking a high enough limit of bodily injury liability to cover your expenses.
Uninsured & under-insured liability is also a vital aspect of your auto policy because you have zero control over how much insurance other people are driving around with.
Common Auto Insurance
Auto insurance rating variables are a critical tool used to fairly and economically price insurance policies.
Typical auto insurance rating variables include:
- Age – Insurance companies use your age in their overall rating algorithms. Drivers under the age of 25 and over the age of 65 usually don’t get preferred rates because statistics show that those two age demographics have the most loss frequency and are therefore more at risk for financial loss due to an auto accident.
- Credit – Credit is a metric that has been used in insurance scoring for many years. The better your credit, the more favorable your rates will usually be.
- Car – The type of car, engine size, safety features, etc., are all part of determining your rate.
- Driving History – Your driving record and loss history play a substantial role in the price of your car insurance. If you have a spotty driving history, or multiple moving violations or accidents, chances are, you won’t get a preferred rate until those things are at least three years old.
- Household – Insurance companies underwrite at the household level, meaning that they take the members of your household into consideration when determining what the probability of loss will be. If multiple drivers in the house are under the age of 25, that will impact everyone’s pricing in the household.