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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!
car insurance myths you need to know

car insurance myths you need to know

There are a lot of car insurance myths that continue to be spread around by consumers. One of the biggest reasons for car insurance myths is that you do not exactly know how your car insurance is calculated by your insurance company. These calculations are a closely guarded secret by most car insurance companies, but there are a few clues as to what makes our car insurance rates rise.

It is important when you compare car insurance rates to understand as much as you can about how your car insurance rates are calculated and to debunk the popular car insurance myths in order to ensure that you are saving money on car insurance as much as possible. For every six months of accident-free driving you can earn a check from Allstate Auto! Quote Now!

Top Car Insurance Myths

MYTH #1 – THE COLOR OF YOUR CAR DOES NOT MATTER

The color of your car does not affect the price you way for your car insurance premium. This is one of the most popular car insurance myths that continue to circulate throughout the country and across generations. But, the fact of the matter is that car insurance companies do not car what color your car is when they calculate your car insurance premiums. There are many many auto insurance leads that you can check out to compare insurance premiums.

Red cars do not equate to a higher insurance rate simply for the fact of being red. Car insurance companies care about their historical data on the likelihood that your make, model, and year of car will be damaged. They care about your history of driving and the likelihood that they will have to payout a claim against your policy more than anything else when determining the price they will charge you for your insurance premium.

MYTH #2 – SPORTS CAR DRIVERS ALWAYS HAVE HIGHER CAR INSURANCE

Owning a sports car does not automatically equate to having higher car insurance. Studies have shown that there are many other types of car classes, certain makes, and models that are much more costly to insure than sports cars.

Car insurance companies set car insurance premiums based on the cost and likelihood of a claim based on each individual person and the type of car insured. Some cars have historically higher repair costs and higher replacement parts costs that can significantly increase the cost of their insurance premiums.

MYTH #3 – YOU ARE RESPONSIBLE EVEN IF YOUR FRIEND IS DRIVING

For most car insurance policies, the insurance policy remains with the vehicle and not the driver. So, if you allow your friend or someone else to drive your car, you and your insurance company could still be still responsible for any damages or injuries from an accident.

Once your insurance policy has been maxed out, you may be able to tap into the driver’s insurance policy in the event of an accident with a lot of damage and loss. Do not make the mistake in believing the car insurance myth that you are not responsible when you loan your vehicle to someone. You and your car insurance could still be on the hook.

MYTH #4 – I’M COVERED IF MY CAR IS TOTALED

Your car may not be completely covered by enough insurance to pay off your loan if it is totaled. Often borrowers roll old car loans into new car loans, and most new cars depreciate significantly as soon as you drive it off of the car lot. This can create a gap between the true value of the car and the amount of money that you owe the bank on your car loan.

Almost all car insurance policies have a clause that they will only payout the cost of your vehicle. They will not pay the amount of your loan balance if your car is worth significantly less. You need gap insurance which is a separate and specific type of car insurance used just for this purpose. Gap insurance covers that gap between the amount your car insurance will payout and the rest of your loan balance on the car.

MYTH #5 – MY CAR INSURANCE COVERS MY RENTAL CAR

You need to check with your car insurance company before you rent a car to ensure that you have the proper car insurance clauses that cover rental cars on your insurance policy. Not all policies cover rental cars. It is not an automatic entitlement. You need to have it added to your current car insurance policy, and typically this is a very inexpensive provision to add to your policy.

Depending on the credit card you use, you may already have car insurance as a credit card benefit. Many credit card companies offer car insurance coverage for rental cars when you use their credit card. You should check to see if you’re covered for rental car insurance by your credit card.

MYTH #6 – ITEMS IN YOUR CAR MAY NOT BE COVERED

You may find that your personal property, like a laptop or cell phone, may not be covered under your car insurance policy. These types of items are typically excluded from your car insurance policy, and claims must be filed under your homeowner’s insurance or renter’s insurance. This may not be very cost effective though depending on your homeowner’s insurance deductible which often tends to be higher than a simple car insurance policy’s deductible.

Get A Car Insurance Quote 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. 

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.

Are You Being Overcharged For Your Central Oregon Car Insurance?

Are You Being Overcharged For Your Central Oregon Car Insurance?

man paying bills

Learn More about the Latest Trend with Car Insurance Companies Nationwide

By Tye Farnsworth

As a long time Central Oregon Car Insurance agent I’ve seen many trends in the car insurance industry but sadly nothing is as alarming as the latest trend of many nationwide companies overcharging drivers for their car insurance.

Who Is Overcharging?

Thanks to a recent analysis from the Consumer Federation of America we know that major companies like Geico and Progressive are overcharging drivers for car insurance and drivers who don’t have any accidents or convictions on their records are not able to get car insurance for less than $500 a year.

Penalized For Driving Too Much?

The Consumer Federation of America survey confirms that drivers in 50 major urban areas across the United States are being overcharged for car insurance even though most drivers are only using their vehicles to go to work or school.

Will The Consumer Federation Of America Help?

Although the CFA study proves that most Americans are getting overcharged for car insurance the question which the average driver wants to know is what’s going to be done about it?

Will drivers still continue to be overcharged or will business in the car insurance industry continue as normal?

Sadly only time will tell if any real progress will be made on lowering car insurance premiums in the next 12 months because of this study.

What You Can Do To Lower Your Central Oregon Car Insurance

Step 1 – Comparison shop for low car insurance premiums using the internet.

Step 2 – Ask your insurer for a bundle rate to combine your insurance policies together.

Step 3 – Drive fewer miles per year. By driving less you will be able to reduce the wear on your vehicle and car insurance premium at the same time.

Step 4 – Protect your vehicle by purchasing a car alarm or vehicle protection system.

Step 5 – Park in a garage at night or well-lit area.

Step 6 – Move to a safer neighborhood.

Step 7 – Don’t loan your vehicle out to other drivers who are not on your insurance policy.

Learn More

Save Money

To learn more tips which you can use to lower your Central Oregon Car Insurance premiums or to get an affordable car insurance quote contact us today at (541) 318-8835 or click here to contact us 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

What’s The Real Reason You Are Paying More for Central Oregon Car Insurance?

What’s The Real Reason You Are Paying More for Central Oregon Car Insurance?

The Real Reason Your Car Insurance Is Expensive Might Shock You. You Might Want To Sit Down….

mt. diablo unified school district

By Ty Farnsworth

Many drivers are overpaying for their Central Oregon Car Insurance and there’s not much they can do about it.

Thanks to a recent report by wallethub.com we known that the average car insurance company in Central Oregon and across the United States is charging more for Central Oregon Car Insurance because of a drivers credit score.

65% Variation In Premium Cost?

The wallethub.com statistics show us that drivers with no credit to poor credit are paying up to 65% more for their car insurance compared to drivers who don’t have any car insurance at all.

Is Your Credit Score A Factor?

What’s even more shocking is that some car insurance agencies were found to charge up to 116% more for their car insurance premiums because a driver had poor to no credit.

This is even more of a reason for drivers to shop around for car insurance instead of signing up with the first company that offers them a rate quote.

Credit Score Trend Declining In Some States

In today’s world it’s not uncommon for some people to have bad credit and states like Hawaii, California and Massachusetts have passed laws that prohibit car insurance companies from giving potential customers rate quotes where their credit score was a major factor in the quote.

Location Matters When It Comes To Car Insurance

Another alarming trend that the wallethub.com survey spotlights is the importance of location when it comes to insurance premiums.

Across the United States the premium that you pay does vary based on where you live. For example: drivers in Washington, D.C. are paying as much as 126% more for their car insurance premiums and the same example can be found in other cities across the United States like Detroit where car insurance is almost unaffordable.

To learn about the latest Central Oregon Car Insurance news 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 click online.

Will People Who Have Low Credit Scores Pay More For Central Oregon Car Insurance?

Will People Who Have Low Credit Scores Pay More For Central Oregon Car Insurance?

Central Oregon Car Insurance

Most people who have Central Oregon Car Insurance typically are safe drivers who also maintain a good credit score but sometimes credit is something that we can’t control, and there are drivers on the roads of Central Oregon today who have poor credit scores, but have never gotten into an accident, and yet they may be paying more for their car insurance premium due to their low credit score.

Thanks to a recently released study from the Consumer Federation of America we know that some car insurance companies are charging drivers with poor credit scores more for their car insurance premiums and they are sometimes getting charged as much a 130% more than drivers who have good credit scores.

Unfair Treatment?

The Consumer Federation of America study highlights an issue that drivers who have Central Oregon Car Insurance have known for years; sometimes you will pay more for car insurance if you have poor credit and there really isn’t anything a driver can do about it because, most insurance companies feel that drivers with poor credit are riskier behind the wheel compared to drivers with good credit.

Average Premiums

Drivers across the United States can expect to pay an average of $563 for their car insurance premium per year, if they have good credit, while drivers with poor credit can expect to pay an average of $948 or more.

Do you think that your credit score should affect your Central Oregon Car Insurance premium? Your answer will most likely be no, but for Rachael Risinger, spokeswoman for State Farm, she believes that the two are connected and insurance companies should charge people more for car insurance, if they have a low credit score. In a recent interview on the topic she said “There is an undeniable correlation between credit information and insurance risk”.

How to Save Money on Car Insurance

If you feel that you’re currently overpaying for your Central Oregon Car Insurance you can save money on your policy by doing the following: shopping around for a new policy or ask your insurer for a bundle rate by combining your car insurance policies with one carrier, ask for discounts, drive fewer miles per year and take steps to protect your vehicle by purchasing a car alarm or parking your vehicle in a well-lit parking area at night.

To learn more about how to save money on car insurance, or to get 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. 

Central Oregon Car Insurance News – What To Look Out For In 2014

Central Oregon Car Insurance News – What To Look Out For In 2014

central oregon car insurance

2013 has been a great year across the United States as Central Oregon Car Insurance premiums have remained low, and the economic recession finally has crept to a close, but with the implementation of Obamacare the health insurance world has been rocked since millions of people across Oregon and the United States are only now finding out that they will be losing their current health insurance premiums thanks to Obamacare becoming law.

As Obamacare struggles to exist, Washington is now turning their attention to regulating the car insurance industry and you could find yourself having to buy your Central Oregon Car Insurance through a Government website in the future instead of enjoying the freedom of choice that you enjoy now when it comes to buying car insurance.

Why Mess With Car Insurance?

Anyone who has Central Oregon Car Insurance doesn’t want to think about the aspect of having Washington do to car insurance, what they did to health insurance, but it’s a real possibility, that we all could face, since Washington tracks the increase in car insurance premiums and has found that rates have risen by close to 50% since 1989.

How you can Lower Your Car Insurance Premiums

One of the biggest differences between Central Oregon Car Insurance and health insurance is that individuals have always had more options to choose from when picking a car insurance carrier and anyone can lower their monthly premium by doing the following: ask for a bundled rate, purchasing a car alarm for their vehicle, parking indoors or in a parking structure at night and moving to a safer part of town.

If you’re searching for a lower Central Oregon Car Insurance Premium, contact the Farnsworth Agency today for a free car insurance quote by calling us at (541) 318-8835 or clicking here to start your quote online.

 

What Can Cause Your Central Oregon Car Insurance To Increase?

What Can Cause Your Central Oregon Car Insurance To Increase?

central oregon car insurance

Central Oregon Car Insurance is one of the most important forms of insurance that any Oregon Driver should have and sadly the average driver in this part of Oregon makes common mistakes on a daily basis that ultimately may cost them their car insurance, money and even their lives.

Reckless Driving

One of the most common mistakes that drivers who have Central Oregon Car Insurance make on a regular basis is driving recklessly on the roads of towns like: Bend, Redmond, Prineville and Sunriver.

By reckless driving we mean: driving over the speed limit in any part of Oregon, driving under the influence (DUI), running red lights or stop sign and failure to yield to other drivers. These common mistakes are among the most common reckless driving problems in Central Oregon and they could be stopped if the average driver would just slow down and pay attention while on the road.

Causing an Accident

If you have Central Oregon Car Insurance and have been driving on the roads of Oregon for any length of time you know that accidents happen but sadly the most car accidents happen when the average Oregon driver uses their handheld electronic devices while in their car, and decides to text, chat, watch movies or chat while driving.

Causing a car accident is a serious offense that can be met with severe financial penalties and even jail time if the driver who caused the accident is found to be at fault.

Misjudging the Weather

Last of all, but most important, another thing that can cause any Central Oregon Car Insurance premium to increase is when a driver gets into a weather related car accident because, they misjudged the weather and were not prepared for driving conditions.

Before leaving home, especially during the winter, you should review the weather on your phone, or mobile device, to make sure that your vehicle is prepared for harsh weather driving conditions just so you can insure that you will arrive to your destination alive.

For more information on the most common causes for car accidents in Central Oregon contact the Farnsworth Agency today by calling us at (541) 318-8835. 

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