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Planning on buying a car? Don’t forget to estimate car insurance

Planning on buying a car? Don’t forget to estimate car insurance

Even the savviest car shoppers often forget to estimate car insurance costs before buying.

The type of car you drive is one of the key variables car insurance companies plug into their formulas to determine how much to charge you. Depending on the vehicle, the cost of car insurance can vary by hundreds of dollars a year for the same driver.

That’s why it pays to get some initial car insurance quotes for models you’re thinking about buying. Along with gas mileage and maintenance costs, car insurance premiums are an important consideration when calculating the long-term cost of owning a car.

Methodology

For most categories, NerdWallet averaged rates from the largest insurers for 30-year-old men and women in 10 ZIP codes and with 100/300/50 liability insurance limits, 100/300 uninsured motorist bodily injury coverage limits, and collision and comprehensive coverages each with a $1,000 deductible. We included additional coverage if it was required by state law. We used a 2013 Toyota Camry in all cases.Our sample retired driver was 67 and drove 50% fewer annual miles than other groups, as did our sample low-mileage driver. Our sample young driver was 22 and carried the minimum required coverage. These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Why some cars cost more (or less) to insure than others

Insurance companies charge varying premiums for different car models. Here are some of the vehicle characteristics that affect the cost of insurance:

  • Retail price — Generally, the pricier the car, the more expensive it will be to insure. Assuming you buy comprehensive and collision coverage, the insurance company will be on the hook to pay out the car’s market value if the vehicle is stolen or wrecked beyond repair.
  • Cost of parts — High-end models such as sports cars often use parts made from carbon fiber and other specialized materials that are expensive to repair, which drives up the cost of damage claims.
  • Safety — Over time, cars that do a good job of protecting drivers and their passengers bring down insurance costs. Fewer injuries means fewer claims for medical payments and personal injury protection.
  • Typical driver — Vehicles that tend to attract safe drivers — think minivans — are generally cheaper to insure. Safer driving means fewer wrecks, which translates into fewer claims for injuries and property damage.

How to get car insurance estimates

In your search for a car, follow these steps for estimating the cost of car insurance.

  • Narrow down your top choices for vehicles.
  • Decide how much coverage you need. If you’re buying a new car, include collision and comprehensive, which cover damage or loss of the vehicle. Your lender will require you to carry them if you finance the car. If you’re buying a used clunker with cash, you may not need collision and comprehensive.
  • Get quotes for the same amount of coverage for the vehicles you’re thinking about buying. NerdWallet’s car insurance comparison tool can help you get started. You don’t have to provide personal information to get initial estimates.
  • Average the three lowest quotes to estimate the cost of insurance for each vehicle.
  • Factor in the cost of car insurance to help you make a final choice. If you can afford a Porsche 911, you probably don’t have to worry about a few hundred dollars’ difference in premiums. However, it’s still a good idea to know how much car insurance will cost.

Get Car Insurance Here

For affordable car insurance contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here to connect with us online.

 

 

Paying too much for car insurance? Click here!
What Does A Speeding Ticket Do To Your Central Oregon Car Insurance Premium?

What Does A Speeding Ticket Do To Your Central Oregon Car Insurance Premium?

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By Tye Farnsworth

BEND, Ore. – So many people have said that you have a “led foot”, and have warned you about speeding on Highway 97, because you’re going to get a speeding ticket sooner rather than later. The big question is if you continue speeding how much will that one ticket raise your Central Oregon Car Insurance premium?

In this article we will provide you with exact information regarding how one speeding ticket can affect your car insurance premium and what the long term cost will be for you in the years to come.

Central Oregon Car Insurance Increase

When you get a speeding ticket you can expect your Central Oregon Car Insurance to increase by at least 21 percent and this could mean that you will be paying an extra $500 or more per year for automobile insurance depending on if you already have other speeding tickets, accidents or convictions on your record.

How Long Does A Speeding Ticket Stay On Your Record?

Sadly, a speeding ticket can stay on your record for up to 5 years and this means that you could potentially pay $5,000 or more for insurance during that span even if you just have one speeding ticket.

Driving the Speed Limit Does Pay

One thing to remember is that regardless if you’re driving through Bend, Sunriver, Redmond or Prineville, driving the speed limit does pay and you will save money on your Central Oregon Car Insurance premium simply by slowing down.

Some of the best ways for you to drive slower include:

  • Leaving earlier for work or appointments.
  • Using cruise control, especially if you’re driving between Bend and Redmond.
  • Watch for the posted speed limit and slow down when you come to 45 mile per hour zones

Get An Affordable Central Oregon Car Insurance Quote

For an affordable Central Oregon Car Insurance quote contact the Farnsworth Agency today by CLICKING HERE or calling us at (548) 318-8835.

Is Affordable Central Oregon Car Insurance Elusive?

Is Affordable Central Oregon Car Insurance Elusive?

car insurance savings

Affordable Car Insurance May Be Elusive For Some. But Not In Central Oregon

By Tye Farnsworth

Do you feel like getting affordable Central Oregon Car Insurance is elusive? If so, you’re not alone.

Affordable car insurance is a hot issue across the United States right now.

Many organizations including the Consumer Federation of America have been researching car insurance premiums and the consensus among most drivers is that car insurance is not affordable.

Although car insurance may not seem affordable right now for the average driver it is affordable in Central Oregon if you follow these tips:

Increase Your Deductible

One of the best ways you can lower your monthly car insurance premium is by increasing your car insurance deductible.

This tip isn’t for everyone though because with a higher deductible you have to make sure you’re able to save the money for paying the deductible because; your car insurance will not kick in until the deductible has been paid.

Lower Your Central Oregon Car Insurance By Driving Less?

You may not want to consider driving fewer miles per year but driving less is actually one of the best ways for you to lower your car insurance premium because, every car insurance company will base your premium on a variety of factors including miles driven per year.

By driving fewer miles per mile per year you will not only cut down on your car insurance premium but also save money on vehicle maintenance as well because you will be driving less as well.

Learn More Ways to Save On Car Insurance

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To learn more simple ways to save money on car insurance or for an affordable Central Oregon Car Insurance quote contact the Farnsworth Agency today by calling us at (541) 318-8835 or by clicking here.

How much auto insurance do you need? Don’t guess

How much auto insurance do you need? Don’t guess

ford fusion 2014

When you bought your last car insurance policy, how did you decide how much coverage to buy?

Sure, there are generally accepted guidelines out there. Homeowners need at least $100,000 in bodily injury liability protection, because a large, valuable asset like a house is an easy lawsuit target if you don’t have enough to cover your victim’s hospital bills.

Or maybe you own nothing and have no savings – nothing you could lose. Then you might go for the legal minimum in your state.

There’s a lot of room in between, though, and seeing the choices other drivers in your situation make can be a good guideline when you shop for car insurance yourself.

Insurance.com recently analyzed more than 550,000 insurance quotes delivered through its price-comparison tool to find the most common choices made by drivers of similar age, who live in the same state, who drive the same model year of car, or who own their homes.

Click here to continue reading!


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For an affordable Central Oregon Car Insurance quote contact us today by calling us at (541) 318-8835 or click here to start your quote online.

Car Insurance Premiums 2014: Which State Has The Highest Rates?

Car Insurance Premiums 2014: Which State Has The Highest Rates?

teenage driver farnsworth agency

They say nothing’s certain except death and taxes, but car owners would certainly add auto insurance to that list. Insurance premiums are the second-most-costly part of vehicle ownership in the U.S., well ahead of general repair and maintenance. And if you’re an urban-area car owner who uses public transport more than your car, then you can be spending more on premiums than on gas.

Click here to continue reading!


 

For an affordable car insurance quote contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here

Shopping For Central Oregon Car Insurance for Your Business

Shopping For Central Oregon Car Insurance for Your Business

ford fusion 2014

Sometimes it’s not easy shopping for Central Oregon Car Insurance if you’re self-employed because life can get a little more complicated when it comes to shopping for car insurance if you’re running your own business.

In today’s post were going to cover the top tips that you need to follow when shopping for Central Oregon Car Insurance if you are self-employed.

Don’t Tell Any “White Lies” To Your Car Insurance Company

If you use your vehicle during the course of your normal business day one thing you should not do is lie to your insurance company and tell them that you’re not using your vehicle for business use when you really are.

If you get into a car accident and its later revealed that you were driving your vehicle for business use you could risk having to pay your entire deductible yourself as well as any other additional costs that are the result of your accident.

Business Endorsement or Not?

Before getting behind the wheel you should determine if you need a business use endorsement or choose a personal car insurance policy with a business use endorsement because, it’s important to make sure that you take the steps necessary to protect yourself legally and financially if you drive your vehicle frequently for business use.

Time for a Business Policy?

As your business grows it may be time for you to invest in a business car insurance policy, especially if the vehicle that you use for business has your business name on it and it’s very obvious that you’re primarily using that vehicle to go to and from job sites, visiting customers and or conducting business on a daily basis.

Get Plenty of Liability Coverage

Last of all, but most important, another important thing to consider when buying Central Oregon Car Insurance for your business is increasing the amount of liability coverage because, one car accident can literally wipe out your business.

You should consider having at least $500,000 in liability coverage for your business and depending on the nature of your business you should consider purchasing an additional commercial vehicle insurance policy as well just to make sure that you have plenty of insurance protection.

For more tips on how to choose car insurance for your business or to get an affordable car insurance quote contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here to start your insurance quote online.

Central Oregon Car Insurance News – Premiums Up By 3% across United States

Central Oregon Car Insurance News – Premiums Up By 3% across United States

woman hands holding blue car isolated on white background

Central Oregon Car Insurance is still affordable in Oregon but, sadly, car insurance has gone up by at least 3% in every state, including in Michigan where it rose almost 10% in the last year and Georgia where car insurance premiums rose by close to 6%.

Why Are Premiums Going Up?

Thanks to the insurance.com report we know that car insurance premiums have risen in many states for a variety of reasons including natural disasters.

In a recent interview, Perr & Knight CEO Tim Perr said this about rising car insurance premiums “the country-wide auto coverage rise is likely due to repair costs rising with inflation (the 2013 national inflation rate was 1.6%, according to government figures”.

How To Do You Lower Your Central Oregon Car Insurance Premium?

If you feel that your Central Oregon Car Insurance premium is high you can lower your car insurance payments simply by doing the following:

  • Pay annually versus monthly.
  • Drive fewer miles per year.
  • Bundle your car insurance with your other policies.
  • Ask for car insurance discounts.
  • Maintain good credit.
  • Drive safely.

For an affordable Central Oregon Car Insurance quote contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here to start your quote online. 

Michigan Finally Doing Something About Their Car Insurance Problem

Michigan Finally Doing Something About Their Car Insurance Problem

Central Oregon Car Insurance

There’s no denying that we have affordable Central Oregon Car Insurance premiums here, and more importantly the freedom to choose an affordable car insurance policy with another company to save money, but in Michigan residents there haven’t been so fortunate.

Why Is Car Insurance So Expensive In Michigan?

Car insurance has been super expensive, and almost not affordable, for drivers there for a long time, thanks to their well-known unlimited medical benefits that cover all catastrophic injuries and also any costs for rehabilitation after someone gets into a car accident.

Average Costs

Unlimited medical benefits cost Michigan drivers only $186 per year but that’s placed a heavy burden on all drivers there over the years, ultimately rising car insurance premiums, and making it almost unaffordable to be an insured driver in Michigan.

Doing Something about the Problem

Thankfully politicians in Michigan are doing something about this problem by proposing a variety of new insurance options like a policy that would pay $10 million in personal protection or another policy that would pay lower income drivers close to $50,000 for their medical expenses.

Easy To Save Money on Car Insurance in Central Oregon

Here in Oregon we don’t have to worry about paying too much for Central Oregon Car Insurance, we can save money on car insurance simply by doing the following:

  • Carpool – You can save hundreds of dollars per year simply by carpooling or driving fewer miles each year.
  • Protect Your Vehicle – It doesn’t matter how old your vehicle is, if you purchase a car alarm or vehicle protection system you can save money on car insurance simply by taking the right step to protecting your car or truck.
  • Bundle – Last of all, but most important, you can save money on car insurance every year by bundling your car insurance premium with your other forms of insurance like homeowners or life insurance.

To learn more about the latest car insurance news, or to save money on Central Oregon Car Insurance, contact us today by calling (541) 318-8835 or click here to get a car insurance quote online. 

Paying Too Much For Central Oregon Car Insurance?

Paying Too Much For Central Oregon Car Insurance?

man paying bills

Many people who have Central Oregon Car Insurance are reflecting the same mood as the rest of the country these days by feeling like they are paying too much for car insurance and they are not alone because, thanks to a recent report by J.D. Power we know that car owners in the United States were hit with an average car insurance increase of $153 last year and that’s including the increase in their car insurance premiums of $113 in 2012 that drivers in Oregon and across the United States had as well.

Why Are Car Insurance Premiums Going Up?

It’s anyone’s guess as to why Central Oregon Car Insurance premiums are going up especially when you consider that in some states you will pay much more for car insurance than others but there are things that you can do to lower your car insurance premium yourself and pay less money for car insurance than what you are currently paying right now.

  • Know your zip code – If you live in an unsafe part of town and have been considering moving now may be the time to make your move to a safer area because, changing zip codes is one of the first steps that you can take towards lowering your car insurance premium.
  • Drive a different vehicle – Yes, it’s true that some car insurance companies will charge more for car insurance than others, especially depending on the vehicle that you drive, so another simple step to take is to change your vehicle that is expensive to insure to a lower profile vehicle that’s less expensive to insurance and will save you hundreds of dollars per year.
  • Take safe driving courses – Last of all, but most important, if you live near a DMV you should contact them to find out what safe driving courses they can offer you because, taking a safe driving course is another way to improve your driving skills while saving hundreds of dollars per year.

Got An Insurance Question? Don’t Hesitate To Ask

At the Farnsworth Agency were here to serve you for all of your insurance needs, if you have a question about Central Oregon Car Insurance don’t hesitate to call us at (541) 318-8835 or click here to contact us online. 

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