Auto Insurance Tumwater, WA

Steps to Take For Lower Your Auto Insurance Premiums

Auto Insurance Tumwater, WAWhen it comes to insurance, most people think of how they can save money first. We get it, insurance can be expensive! You want good coverage, but at an affordable cost. Being a local insurance agency, we provide many choices since we represent many top insurance carriers. Here are some tips when it comes to saving money on your car insurance.

Shopping for a new car? Consider shopping insurance first.

If you have a few cars in mind when shopping for a new vehicle, consider reaching out to your insurance agent to compare possible insurance cost between the vehicles. The rough estimate of insurance cost every year could sway which car you decide on.

Save when you bundle.

Insurance carriers tend to give great discounts when you bundle your auto insurance with your home/renters/other lines of insurance. Need to insure several vehicles? Multi-policy discounts could earn you some substantial savings. Ask your agent!

Don’t drive much? Seek a low mileage discount.

If you drive less than 10,000 miles a year, ask your agent if you qualify for a discount.

Choose a higher deductible.

If your finances allow you to pay a higher deductible in the event you have a claim, you could save money by making this switch.

Ask your agent about other discounts. Do you qualify for any?

  • Paying your insurance coverage in full
  • Paperless option
  • Safe driver (accident free)
  • Electric or hybrid vehicle owner
  • Great credit score
  • Good student
  • Higher education
  • Advance quote

Did you experience a higher premium at renewal?

Reach out to your agent and ask to get a re-quoted on your policy. Since we can quote many top-rated insurance carriers, you can likely get same or similar coverage with a new carrier to save money. Life changes, so can your insurance company – but you don’t need to change your agent.

We do like to note that sometimes loyalty to the same company for 3+ years can be beneficial too. Over time, you could earn yourself a discount for every loyalty milestone you hit. Typically these rewards not only include a discount on the cost of your policy, they can sometimes include accident forgiveness!

If you have questions about your auto insurance, reach out to JBR Insurance. Our goal is to ensure you have the proper coverage.

Full Coverage Auto Insurance in Tumwater, WA

What is “Full Coverage” Auto Insurance?

Full Coverage Auto Insurance in Tumwater, WAFull coverage has different meanings to different people. When most people refer to full coverage they’re referring to a mix of insurance coverages to protect their vehicle.  That being said, there is no such thing as “full coverage” just a combination of coverage options that will protect your vehicle as well as others on the road. Let’s look at this closer.

Some coverages such as Bodily Injury and Property Damage (also known as liability insurance) are required by law.  You can choose just how much liability insurance to carry, but at a minimum, this is required by your state law in order to drive your vehicle.

Other coverages such as Collision, Comprehensive, Personal Injury (PIP), MedPay, Roadside Assistance, Rental Reimbursement, and Uninsured/Underinsured Motorist (UM/UIM) are optional coverages in most states. Some states do have laws that also require UM/UIM and PIP/MedPay be purchased.

So, the choice really becomes, “How much insurance do you want?” Deciding on how much insurance you want or need is a combination of factors that only you can decide. A licensed insurance agent can help you decide on what options may be best for your situation, your budget and your needs, but ultimately, the choice is yours to decide.

Contact JBR Insurance for an auto insurance quote or a review of your current policy. We strive to make sure all of our clients have the proper coverage for their needs.

Gap Insurance in Tumwater, WA

Everything You Need to Know About Gap Insurance

Gap Insurance in Tumwater, WAWhile buying a home tends to appreciate in value overtime, buying a vehicle is the opposite. Especially if you are buying a brand new vehicle, the moment you drive off the car dealership’s lot, your vehicle has already depreciated in value. For many vehicles, the more expensive the purchase, the faster the depreciation. New vehicles offer more safety features and conveniences, so we understand why people like them.

If you are financing or leasing a vehicle, you may benefit from Gap Insurance.

Imagine this scenario: While out enjoying your new car, you hydroplane and hit a guardrail damaging your new vehicle beyond repair. The insurance company is telling you that your new car is a total loss. If your car is totaled, that means it will cost more to repair it than the car is actually worth because of depreciation.

Gap insurance acts as additional car insurance coverage that will pay off your loan if your car is totaled or you owe more than your car’s new depreciated value. This coverage is usually limited to 25% of your vehicles actual cash value at the time of loss. Check with an agent about specifics for your company. 

What does your car insurance cover if you’re in an accident?

When you lease or finance a car, many lenders require you to have collision and comprehensive insurance coverage on your vehicle until you have paid off your car. If your vehicle was totaled, your insurance company will only pay what it is worth, not what you owe. This is what creates a gap between your current loan balance and what your car is actually valued at today.

Is gap insurance for you?

It depends how much you owe on your vehicle & if you could afford to pay the difference if your car was totaled. Let’s say you bought your car for $20,000. Over the course of your ownership, it’s now valued at $13,000. You currently owe $17,000 on your loan but were recently in an accident where your vehicle was totaled. Could you pay for the $4,000 difference out of pocket? Keep in mind, if you bought a luxury car, they can lose as much as 60% of its value over the course of five years. You may have an even bigger gap between your loan balance and current value of your vehicle.

Options for gap insurance: There are two options for purchasing gap insurance.

  • It can be purchased from the dealership or through an insurance agent. If you choose to purchase gap insurance through the dealership you purchase your vehicle from, the gap insurance will be built into your loan. The average price for gap insurance from a dealership is around $1,000, but add interest and taxes and it can add up to much more.
  • If you choose to purchase gap insurance from an insurance agent, on average it would add less than $10 per month to a policy! There may be certain stipulations associated with a gap insurance policy:
  • The loan may need to be through a financial institution rather than an individual.
  • Your current auto insurance policy may need to include Collision and Comprehensive coverage.
  • Your claim may need to be a covered Collision and Comprehensive coverage event.
  • Your vehicle may need to be determined as a total loss.

Before you purchase a new vehicle, make sure to check with your licensed insurance agent in to see how you can add gap insurance to your new vehicle policy.

The local, independent agents at JBR Insurance, can assist you with adding or amending an existing policy or setting you up with a new policy. Our years of insurance experience can save you a bundle. You can also visit our insurance website 24/7 to learn more about auto insurance or the other insurance products they offer like classic car or home insurance.

Uninsured motorist coverage in Tumwater, WA

What To Do If You’re Involved in a Hit and Run Accident

What to do after a hit and run accident in Tumwater, WABeing in a hit and run accident can be a very frightening event. Being prepared to know how to handle the situation when it occurs will help you deal with the shock of it, as well as ensure you are covered for the loss when it does happen. While hit and run accidents will happen to almost every driver, whether their car is parked and unattended, or while they’re driving, knowing these things will help you deal with the unfortunate situation.

Safely park your vehicle: If you happen to be driving when the accident occurs, safely pull the vehicle over to the side of the road. If possible, carefully write down the license plate and description of the vehicle that struck you. This will aid police in locating the driver. Often time, your vehicle will be struck in a parking lot while unattended. In the event this happens, look for any signs of the other vehicle. Is their paint transfer that would indicate the color of the vehicle? Is there a note on your windshield? Are their security cameras such as at the gas station?

Assess any Injuries: If someone is injured, take care of their immediate needs and quickly call 911. It is typical to be jittery after such an event so catch your breath too.

Call police: Once you’re safely parked, you’ll need to get a police report. Many police stations will not respond if there are no injuries, so you’ll want to still turn in a police report for the incident. Many insurance companies will require this documentation in order to use your UMPD (uninsured motorist property damage) insurance coverage.

Gather any witness information: If anyone is standing there and offers you their statement, jot down their phone number and name. Your insurance company will want to talk with any witness to the accident.

Call insurance company: Sometimes even though vehicles collide, the damages may be limited, so you’ll want to take a close look and determine if you want to pursue a claim. While hit and run accidents may be a scary encounter, they may not require body work to your vehicle. Also keep in mind that if you don’t carry the correct coverages for hit and run (often times referred to as uninsured motorist property damage) your claim will be handled under a collision loss. Deductibles will likely apply in both cases.

While we hope you never have to experience a hit and run accident, being prepared will help you tackle the unfortunate situation.

JBR Insurance in Tumwater, WA was established in 1994 and is family owned & operated. We have years of insurance experience and can help you insure everything from your home to your auto or motorcycle. Since we live where you do and are an independent insurance agent, so we can help you find the right company to fit your needs.

Car Insurance for high risk drivers in Tumwater, WA

Understanding Auto Insurance Premium Increases

Car Insurance in Tumwater, WAMany of you may have noticed that the auto insurance industry seems to be continually increasing premiums. While our agency represents many of the top insurance companies in the country and we can quote you with several companies, the trend for premiums is up. There are many reasons for this happening and it is important for you to understand.

  • There are more new cars on the market that are expensive to repair.
  • The technology in vehicles today is much more expensive to replace than it used to be.
  • More people are driving. In 2015, miles driven increased 3.5% which is the most annual increase in 25 years.
  • Drivers are increasingly distracted. One out of four car crashes involve cell phone use.
  • Medical payments are increasing due to the complexity of the health insurance industry.
  • Claims severity (payments) overall is increasing.

Is there anything that you can do to control your costs?

Yes, contact us so we can shop for you!

Unfortunately insurance premiums are pooled. The premiums are calculated off of risks and data from other drivers just like you. Age, gender, zip code, vehicle driven and driving history are just some of the factors that determine your premium. Here are some things you can do to ensure you’re getting the best rates.

  • Review your coverage and determine if it is the correct coverage for your current situation
  • Review discounts you may be eligible for with your current carrier
  • If it isn’t already, consider bundling your insurance coverage (home, auto, specialty insurance)

If you have specific questions about your auto insurance coverage, remember to reach out to our agency. As an independent insurance agent, we can review your coverage and ensure you’re current carrier is still the best carrier for your situation.

JBR Insurance in Tumwater, WA was established in 1994 and is family owned & operated. We have years of insurance experience and can help you insure everything from your home to your auto or motorcycle. Since we live where you do and are an independent insurance agent, so we can help you find the right company to fit your needs.