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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.

 

 

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What Can Raise Your Central Oregon Car Insurance Premium?

What Can Raise Your Central Oregon Car Insurance Premium?

There is no denying that Central Oregon car insurance is something that every driver must have if they want to drive legally on the roads of Bend, Prineville, Redmond, Sunriver and elsewhere in Central Oregon but, the reality is that car insurance can become a pain to pay every single month if your rates go up.

If you’ve recently experienced a rate increase, or you’re curious about what factors could cause your car insurance premium to go up, this article will cover three things that can cause your Central Oregon car insurance premium to increase.

Filing a Second Claim within One Year

Nobody likes the idea of getting into an accident and filing a claim but, thanks to the National Association of Insurance commissioners (NAIC) we know that the cost of filing a second car insurance claim within one year can increase your premium by as much as 44.1% and this increase would an additional $300 per year to your car insurance premium.

Falling Credit Score

Can your credit score affect what you pay for Central Oregon car insurance? The answer is yes, unless you live out of state in California, Massachusetts for Hawaii where their state laws forbid insurance companies from using credit scores when calculating the car insurance premium that a driver will pay so it’s best to keep an eye on your credit score if you plan on changing car insurance policies this year.

Where You Live In Central Oregon

Last of all, but most important, thanks to recent data from autoinsurance.org  we know that another thing that does factor in how much you pay for your car insurance premium is where you live.

Yes, it’s true that drivers who live in some rural areas will pay less money for car insurance vs. drivers that live in the city because some cities will have higher crime/accident rates and your Central Oregon Car Insurance premium may reflect a rate increase if you decide to move to a different area in the near future.  

Learn More

To learn more what could cause your central Oregon car insurance premium to increase, or for an affordable insurance quote, contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here to connect with us online.

What Does Central Oregon Car Insurance Actually Cover?

What Does Central Oregon Car Insurance Actually Cover?

If you’re like most drivers who have car insurance you also want to know what your Central Oregon Car Insurance actually covers because in the event of a car accident or injury you want to know how your car insurance protects you when you need to use it.

In this article, we will provide you with a breakdown of what your Central Oregon Car Insurance covers so you can be better prepared for the next time you get behind the wheel.

What Central Oregon Car Insurance Covers

Hail damage? Typically, the answer is yes, if you have comprehensive coverage. Comprehensive coverage may help pay to repair dents in your car, broken windshields and even interior water damage caused by hail. 

Pothole damage? Generally, collision coverage may help pay for damage to your vehicle caused by hitting a pothole, but car insurance policies typically do not cover normal wear and tear to tires due to potholes. 

Windshield damage? Your insurance may be able to help if you have comprehensive or full glass coverage. These coverages may help pay for the costs of repairing or replacing your windshield. 

Tree damage? If you have comprehensive coverage, insurance may help pay to repair or replace your vehicle, as long the damage doesn’t exceed your car’s worth. 

Hitting a deer? Typically, damage to your vehicle after hitting a deer is considered a covered loss under comprehensive coverage. 

Squirrel damage? If a squirrel chews on your car’s wiring, comprehensive coverage may help pay for repairs. 

A hit-and-run? Auto insurance may help protect you if you’ve been hurt or your car has been damaged in a hit-and-run. Collision coverage may help pay for car repairs after a hit-and-run. Uninsured and underinsured motorist coverage and medical payments coverage may help cover your medical bills after a hit-and-run. 

Catalytic converter theft? Typically, comprehensive coverage may help cover the theft of car parts. 

A stolen car? Comprehensive coverage typically helps cover losses such as theft. In the event your car is stolen, call the police and file a report, notify your insurance company after you’ve filed the report and if your car is leased or financed you should notify the lender. 

A friend wrecking my car? If your friend was involved in a wreck while driving your car, typically your insurance policy (not his) would likely be tapped to pay for damage or injury costs resulting from the accident. However, the way this plays out depends on the specific coverages and limits of your insurance policy. 

Keep in mind that the coverage you may receive will depend on the type of auto policy you have. In the event of an accident, note that you may be required to pay a deductible in order for your coverage to fully kick in.

Get Central Oregon Car Insurance Here

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

what happens if my car insurance is cancelled due to nonpayment?

what happens if my car insurance is cancelled due to nonpayment?

What happens if you are late making auto insurance payment? While the rules vary from state to state and by provider, it is safe to say that paying your insurance premium on time should be a priority.

This page will go over what common consequences for nonpayment of premium.

Car Insurance Payments: How Late Is Too Late?

While there are many car insurance companies who won’t cancel your policy after one or two days, most often they will have the right to. You may get a notice that tells you your payment is late and will be canceled on a specific date if payment is not received.

If your auto insurance provider does elect to cancel your policy right away – for example due to a history of late payments – don’t count on them reinstating the policy once the premium is received. You may find yourself looking for a new car insurance company.

You may also face higher premiums in the future, as insurance companies base your rates on perceived responsibility and risk. Making late payments signals to your car insurance provider that you present increased risk to the company.

What About Grace Periods?

Whether to offer a grace period is up to the provider, but in most states, car insurance companies are under no obligation to extend extra time for payment of the premium.

If you are afforded a grace period, you will likely pay for it in late fees, effectively raising the overall cost of your policy. It is better to assume there is no grace period and pay by the due date.

Get Central Oregon Car Insurance

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

Car Insurance Scams To Watch Out For

Car Insurance Scams To Watch Out For

By Tye Farnsworth

BEND, Ore. – It doesn’t matter if you live in Central Oregon, or elsewhere across Oregon, there are many car insurance scams out there that you have to watch out for including “ghost broker” scams.

What Is A Ghost Broker?

A ghost broker is often an individual who will set up a fake office online which will look real. These offices typically include an 800 number, physical address, and website address.

What’s shocking about ghost broker’s is that they have this car insurance scam down to a science and even have a real sounding office when you call their 800 number thanks to background sounds which can be downloaded to an iPod from the Internet.

Car Insurance Scams

Car Insurance Scams Exposed

A more well-known insurance scam is “cash for crash”, in which motorists with valid policies are targeted by criminals who stage accidents to claim on insurance. A variant is the “flash for cash” in which criminals – with the right of way – flash their headlights to encourage innocent drivers to keep going before plowing into them.

Then there’s the “swoop and squat” scam, which involves two cars. The “swoop car” cuts up the “squat car”, which brakes heavily and causes an innocent motorist to crash into the back of it, then drives off before anyone can make a note of its details.

Criminals often look for elderly or lone women drivers as potential victims, along with operators of commercial vehicles.

How to Protect Yourself from Car Insurance Scams

The best way to protect yourself from Car Insurance Scams is to verify that a car insurance company is legitimate before you sign a policy with them. One of the best ways to do this us by researching their business address online to see if it’s a physical address or mailbox, them reviewing the business on websites like Yelp or Facebook to see if any clients have left the business feedback or not.

Get an Insurance Quote Here

At the Farnsworth Agency, we’re experienced car insurance agents who are part of Central Oregon. You can find out office at 1900 NE Division St Ste 111, Bend, OR 97701, CLICK HERE to connect with us online or call us at (541) 318-8835.

3 Things You Need To Know About Central Oregon Car Insurance

3 Things You Need To Know About Central Oregon Car Insurance

Are you thinking about buying Central Oregon Car Insurance? If so, you’ve come to the right place! In this article, we will provide you with 3 things you need to know about car insurance so you will be better prepared before you purchase it.

#1 – The Color of Your Vehicle Doesn’t Matter When You Buy Central Oregon Car Insurance

Although it’s one of the most common car insurance myths the reality is that the color of your vehicle doesn’t matter when you get Central Oregon Car Insurance because insurance companies always quote a policy based on things like your driving record, age, job, accident history, previous history of car insurance and marital status.

#2 – How You Use Your Car or Truck Will Affect Your Car Insurance Policy

How often do you drive? What will you use your vehicle for? These are questions you will be asked when you apply for Central Oregon Car Insurance because, how you use your vehicle will ultimately affect how much money you’re going to pay each month for your car insurance policy especially if you use your vehicle for work or side jobs like deliveries.

central oregon car insurance

#3 – Your Car Insurance May Not Cover Everything

Last of all, but most important, your car insurance may not cover everything since the type of coverage you choose will only provide you with a set amount of coverage for collision, personal property damage, medical payments or damage from uninsured motorists so if you have significant assets that you can’t afford to lose, especially if you get into a car accident, it’s best to work with an agent who specializes in Central Oregon Car Insurance so they can answer all of your questions and help you choose the best insurance policy.

Get Central Oregon Car Insurance

For affordable Central Oregon, Car Insurance contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here to connect with us online.

Why Do Central Oregon Car Insurance Rates Fluctuate?

Why Do Central Oregon Car Insurance Rates Fluctuate?

By Tye Farnsworth

BEND, Ore. – One of the top Central Oregon Car Insurance questions that many drivers have is why do car insurance rates fluctuate?

In this article, I will answer this question and offer you some tips on how you can save money on car insurance.

Reasons Why Insurance Rates Fluctuate 

Car insurance rates are like any type of insurance policy, they can fluctuate for a wide variety of reasons including:

  • Change of address.
  • Your location.
  • Crime rate where you live.
  • State of the economy.
  • Time of the year.
  • Any recent car accidents or injuries that you might have had.

Central Oregon Car Insurance

Understanding the Car Insurance Quote versus the Rate

One of the most frustrating things for consumers, when they apply for a new Central Oregon Car Insurance policy, is when they realize that their quote they received is actually different than the rate they have to pay. This happens for a variety of reasons including missing data or information from a driver’s car insurance application like accidents that were not reported or moving violations.

Another factor that can lead to a fluctuation between the quote and the actual rate a driver has to pay to include the results from the Comprehensive Loss Underwriting Exchange (CLUE) which provides a car insurance company with a snapshot into the drivers claim and driving history. If the information the driver provided when they signed up is different than what’s reported by CLUE this could lead to a premium adjustment.

Tips for Saving Money on Car Insurance

#1 – Report accurate information when you sign up for your car insurance policy.

#2 – Drive fewer miles per year and carpool if you’re able to.

#3 – Park in a garage or safe, well-lit, area at night.

#4 – Don’t use your personal vehicle for business.

#5 – Ask for discounts like “safe driver” and “good student” when you sign up for Central Oregon Car Insurance.

Get a Central Oregon Car Insurance Quote

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

Central Oregon Car Insurance Tips – Make Sure Your Car Is Protected From Car Thieves

Central Oregon Car Insurance Tips – Make Sure Your Car Is Protected From Car Thieves

central oregon car insurance

BEND, Ore – Did you know that it only takes a few seconds for today’s thieves to break into a car and steal anything that’s left on the dash, seat or floor boards?

As we approach the end of the year make sure you take extra precautions with protecting your valuables because it’s really easy to leave things like your mobile phone behind while shopping only to realize that it’s gone when you return to your vehicle.

Get A Car Insurance Quote

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

Central Oregon Car Insurance – What Is Full Coverage Insurance?

Central Oregon Car Insurance – What Is Full Coverage Insurance?

By Tye Farnsworth

Get a car insurance quote quote online! Click here!

BEND, Ore. – Full coverage Central Oregon Car Insurance is a policy that offers drivers a “fair amount” of insurance protection including comprehensive, collision and liability coverage but what most people don’t know is that the term “full coverage” can also be misleading because depending on your current car insurance company you may not be covered fully especially if you need emergency road service, rental car coverage or gap coverage.

Should You Increase Your Central Oregon Car Insurance?

When it comes to your Central Oregon Car Insurance the best thing to do when thinking about your current car insurance coverage is to find out exactly what your type of coverage your current policy offers. You should then add on the additional coverage you need for your situation, and can comfortably afford because of you may have to pay out of pocket for expenses which came from a car accident if your policy didn’t full cover you.

Central Oregon Car Insurance

How Often Do You Drive?

If you’re retired, or only drive your vehicle on weekends, you may want to choose liability only car insurance because, this form of Central Oregon Car Insurance will protect you financially if you are found to be responsible for causing damage to another driver’s vehicle but it’s also important for you to know that liability only coverage will not cover you financially if you damage your vehicle, or yourself, during a car accident so it’s best to always pay for the amount of coverage that you will be able to comfortably pay for within your budget.

Get Central Oregon Car Insurance

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

We’re located at 1900 NE Division St Ste 111, Bend, OR 97701 and look forward to the opportunity of earning your business!

Central Oregon Car Insurance – Avoid These Mistakes If You Switch Your Policy

Central Oregon Car Insurance – Avoid These Mistakes If You Switch Your Policy

By Tye Farnsworth

BEND, Ore. – Are you thinking about switching your Central Oregon Car Insurance policy to save money? If so, you’re not alone. Many people like you make the decision to change their car insurance policies every year to save hundreds of dollars off their insurance costs but they also make common mistakes when switching their car insurance policies that can cost them BIG.

In this article, we will share with you common mistakes you don’t want to make when switching your Central Oregon Car Insurance policy.

Mistake #1 – Not Reading What Your New Central Oregon Car Insurance Policy Actually Includes

This mistake is by far the most common one that people make when changing Central Oregon Car Insurance policies because they switch policies with the goal of saving money, but only realize too late that their new policy doesn’t offer them the same amount of car insurance coverage as their old policy did.

Before signing off on a new Central Oregon Car Insurance policy you should take the time to read the fine print of your new policy and make sure that you’re not only okay with the coverage, but that you will also have the coverage or options that you need (like roadside assistance) should you get into a car accident or your vehicle breaks down on the road somewhere.

Mistake #2 – Leaving the Dreaded Coverage Gap

When changing Central Oregon Car Insurance policies remember to always start your new car insurance policy as soon as your old one expires because a gap in coverage could be a recipe for disaster especially if you get into a car accident and find that you don’t have car insurance when you really needed it.

Central Oregon Car Insurance

Mistake #3 – Failing To Swap Out ID Cards

Last of all, but most important, when changing Central Oregon Car Insurance policies make sure that you swap out your ID cards because, those cards are the only proof that you’re really insured, and unless you have a mobile app downloaded to your phone from your car insurance company you will need the insurance ID cards to prove that you’re really covered.

Get Central Oregon Car Insurance Here

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

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