Snapshot —Take Control of Your Savings

Insurance companies use information like age, gender and ZIP code to decide if you’re a safe driver—but Progressive’s Snapshot Discount sees the bigger picture. You get big credit for your safe driving habits. Snapshot’s simple, and it can save you up to 30 percent more in 30 days.Insurance In Farmington NM

Safe drivers save more

 Snapshot gives drivers the chance to earn our biggest discount ever. The safer you drive, the more you save. With Snapshot, customers who save the most:
› drive fewer miles;
› drive during safer times of day (not late at night or during rush hour); and
› brake with care (don’t hit the brakes too hard, too often).  Safe drivers come in all shapes and sizes. Some examples of drivers likely to save the most with Snapshot are those who:
› have an extra car that stays in the garage most of the time;
› drive a company vehicle during the week or travel,leaving their personal car at home;
› are great teen drivers; or
› have short commutes, or bike to work.
Putting you in the driver’s seat. 

If you’re a better driver, Snapshot lets you control what you pay for car insurance. Here’s how:
1. Let your agent know you’re interested inSnapshot. They’ll ask you about your driving habits to give you an idea of how likely you are to save with Snapshot.
2. Once you decide to purchase a Progressive policy with Snapshot, we’ll send you a small device within 7 to 10 days. Simply plug the device into your car’s onboard diagnostic port, usually located under the steering wheel. It’s easy and takes seconds.
3. Drive as you normally do for six months. After the fi rst 30 days, we’ll calculate your initial discount and apply it to your premium for the rest of that policy period. This could mean a refund if you paid in full, or a reduction in your monthly payments.
4. At the end of six months, we’ll calculate your personalized Snapshot Discount and ask you to return the device. You’ll then get to keep yourdiscount for future Progressive renewals.
With Snapshot, you only have the opportunity to save—your rate will never go up based on the driving data the Snapshot device collects.

Learn how to increase your discount
snapshot customers have access to their driving data as soon as they plug in their Snapshot device. Log in to progressiveagent.com and you can see how many trips you’ve taken, how many miles you’ve driven, and how many hard brakes you’ve had while the Snapshot device has been plugged in.
When we calculate your initial discount after 30 days, we’ll also show you what you can do to increase your discount amount before the end of your policy period.
Protecting your privacy
To save money with Snapshot, drivers share information about their driving habits with us. However, we collect only data that has a proven connection to safe driving habits,and protect your personal information at every step along the way:
› No GPS technology—Snapshot devices don’t include GPS, so we’ll never know your location.
› Speed and acceleration information not used—While Snapshot devices can “see” this information, we do not use it to find good drivers. Since there’s no GPS,we’ll never know if you exceeded a posted speed limit.
› No third-party vendors—Snapshot devices relay your driving data directly to us—no other vendor or outside party ever has access to your information.

Snapshot finally gives drivers the chance to save on car insurance based on how they actually drive. To learn more, or to sign up for Snapshot, call or visit ABC Insurance Services

Why Buy Renter’s Insurance?

It doesn’t matter weather you own or rent your home, weather you are rich or poor, weather you live in town or out in the country, everything you have is wrapped up in your home and if something happens to your home then your are at risk of loosing everything.  That is why the world invented homeowner’s insurance.  If you don’t own your home you still need a homeowner’s policy – a renter’s policy.

Renters insurance provides the protection that you need if there is a loss or destruction of your property when you rent a house or apartment. The owner of the property, your landlord, may be sympathetic to a burglary, or fire caused by your iron,  but the loss of your possessions is not usually covered by your landlord’s insurance and he is not legally responsible for it.  The good news is that because renters insurance covers only the value of your belongings, not the physical building, the premium is relatively inexpensive.

Renters insurance covers  your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage (not including floods), and it will also cover your personal liability:  your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.

Don’t let anybody ever try to sell you anything but a replacement cost insurance policy.  If you buy anything that does not specifically state “replacement cost” coverage you will be paid garage sale value for your property.  In other words, that sofa that you bought six months ago for three thousand dollars will be valued at about three hundred dollars.  Let me repeat:  Replacement cost coverage only.

In future posts I’ll talk about the value of a floater – purchasing additional coverage for a specific item:  wedding ring, art, ect.

Prom Is Almost Here

Prom is almost here.  It is a fun and exciting time and can be a night to remember for the rest of your life; however, it can also be dangerous and deadly.  Don’t forget to caution your teenagers about the use of alcohol and driving and remember the night for all of the right reasons… not the wrong ones.

The Insurance Information Institute has put out a video about the subject.

You Can’t Have Your Cake and Eat It Too

Every insurance company is in the business of making money by providing a valuable service to the public. Insurance is vital to the national economy and to our own personal economy.

When we have an accident we all want prompt courteous response to our request for payment of the claim and we want to be paid fairly. I believe that most people aren’t out there trying to “game the system” and profit off the claim. Most people simply want what the insurance company owes them – reimbursement for the loss.

However there are a few people out there that really do want to play the game and profit from the accident as if they had just won the lottery. We all know who those people are and we have seen them do it. We also know that insurance money isn’t free. You have to pay for insurance each and every month. That money comes directly out of your pocket.

The Supreme Court in the State of New Mexico has recently had several rulings that have greatly benefited the consumer. Or have they? The recent ruling have greatly increased the amount that insurance companies have to pay in the event of an accident, but these same rulings have greatly increased premiums.

The question that I have is a personal one and there is not right or wrong answer, but there is a choice to be made.  You can’t have your cake and eat it too.  You can either have lower insurance payouts or lower premiums, but not both.  Which would you prefer?

What Are Your Limits of Liability?

Let’s face it:  nobody looks forward to buying insurance.  It’s not like going to the movies or buying a new pair of shoes.  Buying insurance is more like paying for a prostate exam –  neither the exam or paying for it was fun, but it was the right thing to do.  That being said we all try to spend as little as we can on auto insurance, but pinching pennies can cost a lot in the long run.

Let’s take a look at your “Limits of Liability.”  You will find it on the first page of your policy and it is usually expressed as Per person/Per accident/Property Damage.  The state minimum limits in New Mexico are 25,000 per person/50,000 per accident/10,000 property damage.  An insurance company cannot legally sell lower limits in New Mexico and still comply with the financial responsibility laws in the state.

What do all those numbers mean?  Well if you injury someone in an accident your insurance company will pay their total medical bills, lost wages, pain and suffering, etc.  up to $25,000.  What if their injuries exceed the 25,000?  You are responsible for the rest.  Your insurance company has fulfilled their obligation and are not going to pay any more money.  The same holds true for the other coverage limits:  per accident and property damage.

We all know that medical costs continue to skyrocket, but lets take a look at property damage.  Property values have not increased at the same rate as medical costs, but most cars are worth a whole lot more than the $10,000 minimum limit.  If the $10,000 property damage limit is no longer enough then consider the skyrocketing costs of medical expense and you will see that $25,000 per person is a paltry sum.

How much does additional coverage cost?  Well, on average it will cost an additional $1.00 to $3.00 per vehicle to increase coverage from the $10,000 limit to $25,000, that’s more than double the amount of insurance for the cost of a cup of coffee.  In my opinion it is crazy to carry state minimum limits.

I wish the state would change the minimum limits to about $100,000 per person/$300,000 per accident/ $50,000 property damage, but if wishes were fishes…….Actually I don’t know how that ends, but I know it’s a saying.

Tire Care for Your Automobile

Tire care and upkeep is crucial for a better ride and gas mileage for your vehicle.  Follow these four simple steps for better driving safely.
1.  Keeping tires inflated to the manufacturer’s recommended tire pressure will help tires wear evenly and provide proper traction.
2.  You can find the maximum cold inflation load limit on the sidewall of all tires. Here’s an explanation from aa1car.com:
3.  Want to know how to read your tires for potential tire wear problems? This link from procarcare.com shows you how:
4.  A pocket tire gauge is a perfect gift idea to help promote tire safety with drivers of all ages.