Category: Auto Insurance

Auto insurance is a monthly expense that can not be avoided. Most states require that you carry minimum auto insurance in order to operate your vehicle legally. At Brent Young Agency LLC, serving Manchester, CT, and the surrounding areas, we can help you understand how to save on this important monthly bill. Keep reading to learn about auto insurance do’s and don’ts. 

Do Shop Around 

Insurance rates can change a lot during the course of a year. This is why it is important that you shop around for new insurance coverage annually. Few people do this, and they might be missing out on important savings. It is also a good idea to shop around because different life events can affect how much you will pay for insurance. If you have recently gotten married, divorced, or purchased a home, it could influence your auto insurance costs. 

Do Add New Drivers Quickly

If you need to add a new driver to your policy, be sure to do this as soon as possible. If you fail to add a new driver to a policy, and that person will be driving the vehicle on a regular basis, it could put you at financial risk if something goes wrong. 

New drivers need to be added if you have teens who are starting to drive in your home and will be using your vehicles. New drivers also need to be added any time you have agreed to let anyone use your car on a regular basis. 

Don’t Let Insurance Lapse

Allowing your auto insurance to lapse can put you at financial risk and could have legal consequences as well, depending on where you live. 

If you would like to learn more about our services, please contact us at Brent Young Agency LLC, serving Manchester, CT, and the surrounding areas. 

Most insurance policies have a deductible in place. The deductible is what must be paid by the policyholder before the insurance company pays for the remaining amount of repairs. Deductibles can be a bit confusing, which is why Brent Young Agency LLC, serving the Manchester, CT area, wants to share some information regarding insurance deductibles.

How Do Insurance Deductibles Work?

A deductible is a pre-determined amount of money that you will need to pay after a covered event occurs. The deductible is in place to help prevent frivolous claims. For instance, if you are involved in an auto accident that results in $1,500 worth of property damage and you have a $500 deductible, you will need to pay $500 out of your own pocket before the insurance company will pay the remaining $1,000 in damages.

When Does the Deductible Need to Be Paid?

Your deductible will need to be paid if you are filing a claim with your personal insurance company. However, if another individual is responsible for the accident, then you will not need to pay your deductible. In the event they don’t have their own insurance policy, you would need to pay your deductible so you could move forward with the uninsured motorist coverage of your policy.

How Much Should Your Deductible Be?

The deductible amount you choose should be based on your individual situation. Ultimately, the higher the deductible, the lower the insurance premium. However, you must take into consideration whether you can afford to pay a high deductible on short notice in the event of an accident. You can speak to an insurance agent to help you determine a suitable deductible based on your budget, vehicle, driving habits, etc.

If you have any questions about auto insurance deductibles, reach out to our team at Brent Young Agency LLC. We are happy to help the residents of Manchester, CT and the surrounding areas with any and all auto insurance needs.