How To Save On Your Auto Insurance Policy

Car Insurance Savings

The 2015 spring season is here, and while you are planning all of your summer trips, you may be looking for ways to save money. As you start pinching pennies to afford that Hawaiian vacation, take a look at your auto insurance policy to see if you can save money with your coverage. Keep these car insurance savings tips in mind to see when you can save on your car insurance policy.

  • Shut your sunroof – while your car is parked, make sure that your sunroof is completely closed. If you leave it open and a sudden spring rainstorm hits, you will most likely be left paying for the damage to the interior of your car out of your own pocket, especially if you do not have comprehensive coverage.
  • Figure out how much you drove – if you have cut down on the number of miles you drive each year, such as if you retired or started working from home, you may be able to drop your premiums. The less you are on the road, the less likely you are to get into an accident, which may help to keep the cost of your policy low.
  • Raise your deductible – increasing your deductible is a great way to lower your monthly payments. Keep in mind that your deductible is the amount that you will have to pay out of your own pocket before your coverage kicks in, so make sure your deductible is something that you can actually afford.
  • Look for discounts – the more discounts you qualify for, the more money you can save. Ask your insurance agent if there are any discounts that you can qualify for but are not already taking advantage of.

Contact The Insurance Shop in White Bear Lake, Minnesota for all of your car insurance coverage needs this season.

How a Teen Driver Will Affect Your Auto Insurance

Driving Car

Cost of Teen Drivers

If you have recently added your teen driver to your auto insurance policy, you know what a difference it meant for your premiums. If your teen is getting their license soon, get your wallet ready. The cost to add your teenager to your auto insurance policy can more than double your auto insurance rates each year.

The reason that you will see a huge increase in your premiums is that insurance companies rate teen drivers as some of the riskiest drivers on the road. According to the Centers for Disease Control and Prevention, the crash rate per mile driven for 16 to 19 year olds is four times higher than the same risk for older drivers. Teen drivers who are 16 years old are the riskiest drivers, and have a crash rate of two times higher than teens 18 to 19 years of age.

One study compared auto insurance rates from 10 different cities in each state on a 2014 Honda Accord. The study quoted auto insurance rates from a 40 year old male investing in full coverage, and then the same policy for a 16 year old male. The study showed that on average, the auto insurance premiums rose 152 percent across the country. By adding a teenage girl to the policy instead of a boy, the rates only rose, on average, 129 percent.

When looking for the right auto insurance policy for your family, contact The Insurance Shop in White Bear Lake, Minnesota. As an independent insurance company, we will work with you to ensure that you have the right amount of coverage, all at the right price.

The Most Expensive Car To Insure

Auto Insurance Premiums

When your auto insurance company is determining your auto insurance premiums, the faster your car can go, the more you will be paying each month. Nissan has recently released the most expensive car to insure on the road, the GT-R Nismo.

The 2015, 600 horsepower GT-R Nismo has a price tag of $150,000, and costs an average of $3,574 to insure each year. However, it is important to keep in mind that the actual cost to insure the GT-R varies from state to state. Someone driving the GT-R in Montana will pay around $6,600 a year, while someone driving the same vehicle in Hawaii will only pay just over $2,000 on average. The GT-R is followed by the 621 horsepower Mercedes-Benz SL65 AMG convertible and the 645 horsepower Dodge SRT Viper as the second and third most expensive cars to insure.

Since people who purchase vehicles with enough power to reach high speeds will most likely test their skills at some point, insurance companies have to charge higher premiums for the increased risk. The higher premiums also come from the much higher cost to repair these vehicles if they are damaged during an accident.

If you are looking to save money on your auto insurance rates, look for a vehicle that is inexpensive to repair and has a low claims history. Some of the cheapest cars to insure include the Jeep Wrangler Sport, Jeep Patriot Sport, and Honda CR-V LX.

No matter what type of vehicle you are driving on the road, having the right auto insurance policy will help to ensure that you stay safe from any unfortunate situation that you encounter. Contact the insurance professionals at The Insurance Shop in White Bear Lake, Minnesota for all of your auto insurance needs. We will work with you to ensure that you have the coverage that you deserve at the right price.

Overall Vehicle Sales Are Expected To Rise In The Coming Year

Colorful Cars Stock

Colorful Cars StockVehicle Sale Predictions

If you are looking to invest in a new car, there is no better time than now. Car and truck sales are expected to increase by almost 3 percent in 2015, bringing the estimated number of vehicles that will be sold to the highest level in more than 10 years.

An increase in the number of vehicles sold is a good sign for the economy. Experts agree that the increase in vehicle sales will be driven by very favorable economic circumstances, including improved job rates, a more confident consumer, and lower gas prices. In terms of economic growth and the revenue that is coming from utility, pickup, and luxury vehicle sales, the past year has been remarkable and 2015 is expected to be even better.

The National Automobile Dealers Association, or NADA, is predicting that sales of new cars will stay just a little under 17 million. The chief economist of NADA is warning that the forecast of new car sales hinges on the Federal Reserve deciding to keep the interest rates where they are, or at least in an affordable territory. Due to the improving economy, many people are expecting interest rates to rise. Even if the interest rates do increase, it is likely that it will be small, which will not make a large impact on the total number of vehicle sales.

Although the favorable economic situation may seem like all good news, it will also lead to increased prices of vehicles. Both new and used vehicles are expected to have a sticker price that is around 2 percent higher than last year.

Having the right auto insurance policy is the best way to ensure that you and your new car are protected from any peril. Contact the insurance professionals at The Insurance Shop in White Bear Lake, Minnesota for all of your auto insurance coverage needs.

Keep Your Classic Car In Peak Condition

Classic car

Classic carWinter Tips For Classic Car Owners

Winter weather can be harsh on your vehicles, particularly your classic vehicles. You have probably put a lot of time, money, and effort into keeping your classic cars in top condition, so winter proofing your investment is a great idea. Here are some tips to keep your classic car looking and running great after the winter.

  1. Drain the fuel tank: Old gas contains deposits that can lead to clogs in your carburetor, which can cause your valves to work incorrectly. Draining and replacing your car’s fuel can prevent this from happening. Adding a fuel stabilizer to keep the gas from breaking down is also a good idea.
  2. Change the oil: Before parking your classic car for winter, changing the oil can prevent moisture build up in the cold engine. Clean oil in your car will also reduce the risk of harmful contaminants damaging your engine while it hibernates.
  3. Replace the brake fluid: Getting rid of the old brake fluid is the best way to prevent your brakes from deterioration when it is inactive. Just remember to replace it with fresh brake fluid the next time you drive.
  4. Remove and store the battery: Long periods of inactivity can drain your car’s battery. Disconnect your battery and wash it with a solution of water and baking soda. Top off the battery with distilled water and store it in a dry place until you need to reconnect it.
  5. Cover up your ride: Covering up your car will protect it from the harsh winter weather. A cotton flannel car cover will allow air to circulate while keeping out unwanted moisture.

Contact The Insurance Shop in White Bear Lake for all of your Minnesota auto insurance needs.

Check Before You Buy: Used Car Inspections

Car insurance

Car insurance5 Things To Check Before Purchasing A Used Car

Used cars can be a great way to get the car you want for a price that won’t break the bank. Before you make any final decisions or commitments, you should have the car inspected to make sure you do not encounter any surprises down the line. Here are 5 things to inspect before you buy that used car.

  • Check the paint: Look carefully for dents, scratches, rust, and various signs of a recent paint job. If you notice waves in the vehicles paint, chances are it has been repainted. Take your time, because a keen eye is key. If you see any telltale signs, ask the car dealer or owner what required the paint job.
  • Check the belts: Open the hood and make sure that there are no issues like cracks in any of the various hoses and belts. If something looks iffy, you should ask the owner or dealer if and when it was replaced.
  • Check the tires: Having to replace 4 tires on a vehicle you just bought can be expensive and frustrating. Save yourself the time and money by taking the time to inspect the tires on the car you are looking at. Check the quality of the tires and make sure there is sufficient tread by using the penny trick. If you have concerns, have your mechanic take a closer look.
  • Check the air conditioning: Making sure the air is running properly now can save you when summer hits.
  • Check the brakes: This is one of the most important things to check when inspecting a used car. When you test-drive the car, test out the brakes to make sure they work well at different speeds and in different scenarios. When in doubt ask the dealer or seller when the brakes were last replaced.

Contact The Insurance Shop in White Bear Lake for all of your Minnesota auto insurance needs.

Involved in a Car Accident? Now What?

Upset driver After Traffic Accident

Upset driver After Traffic Accident

Getting in a car accident can be a very scary time! Knowing what to do in case of an accident can help you stay calm since you are prepared. It can also help the insurance claims process move much smoother. Keep these steps in mind so that you know what to do in case of an accident.

  1. Check to see if anyone is hurt and call 911. Even a minor injury, such as an aching back, can turn into a serious problem if it is not dealt with right away.
  2. If you can, move your car to a safe place on the side of the road. This will give you the space needed to collect all-important information without being in the road. Try to take pictures of the cars in their original position before you move them.
  3. Exchange information with the other driver. Make sure to get their full name, contact information, insurance policy number, driver’s license number, and license plate number. Write down the conditions, such as the time of day, traffic, and weather. Also, don’t forget to grab any contact information from witnesses at the scene.
  4. Call your insurance agent. The sooner you call your insurance agent, the sooner they will be able to start the claims process.

Having the right auto insurance policy is the best way to ensure that you have the right amount of coverage in case of an accident. Contact The Insurance Shop in White Bear Lake, Minnesota for all of your auto insurance needs.