Looking for Auto Insurance in Lapeer?
J. Jacobs and Associates has got you covered. We can help you with standard auto insurance, as well as car insurance for collector cars.
Whether you live in Lapeer, or any other part of Michigan, when most people think about car insurance, they think about damage to their car. The truth is, car insurance covers much more than just your car.
Given the sheer amount of cars on the road and the distractions drivers deal with every day, the chances of being involved in a car accident are plentiful.
You’re at risk every single time you get into your car.
It’s important to understand what your coverage options are — not just for your car, but for you, and people who may be injured as a result of your negligence.
Having adequate Car Insurance limits is serious business
If you were ever involved in an accident, and found to be at-fault for someone else’s bodily injuries, you could literally lose everything if you’re not properly insured.
What a lot of people don’t realize is, having great coverage doesn’t necessarily mean having higher insurance premiums.
Because J. Jacobs and Associates is 100% independent, we can take your current coverages and compare them with a wide range of insurance providers to see who offers you the best deal possible.
The best part? It doesn’t cost you a penny more to use us. We are compensated by the insurance carriers directly, and work on your behalf to properly cover your needs and exposures.
No two insurance policies are the same, and while two policies side-by-side might look the same, the fine print behind the cover page can vary drastically from company to company.
This means you need someone who truly understands insurance policies, like us, to sort through the exclusions and conditions for you, so you can rest easy knowing that you have the best possible coverage at the best price without having to learn legal jargon.
Important Auto Insurance Coverages
When you browse through your policy, you may see certain coverages and wonder exactly what they are, and why they’re on your policy.
Let us clarify a few of the more important ones for you:
This is the part of your policy that covers your car in the event you damage the car itself somehow, as a result of an accident with a fixed or moving object like another car, a curb, a house, a guard rail, etc..
This coverage also protects your car, but in the event that something else damages your car, that is not a fixed, or moving object. For example, theft, a rock that cracks your windshield while you’re driving on the highway, an animal you might hit, and so on.
Suppose you damage someones car in an accident, or a guard rail, house, or some other property that belongs to someone else. This is the part of your policy that compensates the other person for that damage
Bodily Injury Liability
This coverage protects your financial interest in the event you sued due to an accident that injures another party. This covers legal fees as well as the liability for the suit. The new standard in Michigan is 250/500 while new minimum is only 50/100. Even though everyone’s circumstances are different we wouldn’t suggest anything lower than 250/500 and for most families we would suggest higher.
Un-insured & Under-insured Motorist Liability
This coverage pays you, in the event that you are injured by another party, and that other party was either unidentified, or they weren’t carrying a high enough limit of Bodily Injury Liability to cover your expenses. This is also a very important part of your auto policy because you have zero control over how much insurance other people are driving around with. With the new reform in Michigan, Un Insured and Under Insured Motorist is even more important now than ever before.
Common Auto Insurance Rating Variables
Age — insurance companies use your age in their overall rating algorithms. Drivers who are under 25, and over 72 typically don’t get preferred rates because statistics show that those two age demographics have the most loss frequency and are therefore more at risk for financial loss due to an auto accident
Insurance Score — Takes pieces of your financial situation, like how much debt you have and how many missed payments you might have gotten. It takes into account many aspects of your financials along with many other factors to produce a score that can either help or hinder your insurance premium.
Car — the type of car, engine size, safety features, etc.. are all part of determining the rate
Driving History — your driving record and loss history plays a substantial role in the price. If you have a spotty driving history, or multiple moving violations or accidents, chances are, you won’t get a preferred rate until those things are at least 3 years old.
Claims — All claims affect your insurance premium now a days in one form or another. From a small towing or glass claim to any type of accident whether you are or are not at fault.
Household — insurance companies underwrite at the household level, meaning they try to judge based on the entire household, what the probability of loss will be. If there are multiple drivers in the house who are under the age of 25, that could impact everyone’s pricing in the household. Having both your auto and homeowners with the same company can save you up to 30% on both with some companies. It is almost always better to have both policies with the same company. We can help you figure that out.
How to get started with your car insurance quotes
If you live in Lapeer and are looking for a car insurance comparison, J. Jacobs and Associates makes the process of finding the best company and price easy.
We do all the heavy lifting for you!
To get started, call our office directly, or complete the fields below to send us some basic information about your needs so we can get started on your policy review and comparison!