We continue with Part Two of our post, Advertised Insurance Features.
Accident Forgiveness is perhaps one of the most recognizable advertised insurance features thanks to years of Allstate commercials touting its benefits. With Accident Forgiveness, Allstate promises that customers will not pay more for insurance premiums after a first-time accident, even if the collision is their fault. However, like the Safe Driving Bonus mentioned in Part One of this post, Allstate’s Accident Forgiveness benefit comes at an additional cost.
Fortunately, many other car insurance companies also offer a version of Accident Forgiveness, giving you many more options if you are shopping around for coverage. Companies like Acuity, Nationwide, Travelers, The Hartford, Liberty Mutual, Nationwide, and Progressive all feature similar protection, although it may go by other names. Some, such as Integrity Insurance, may even offer first-time accident forgiveness for free to policy-holders of five years or more.
Bundle and Save
Progressive has made bundling and saving a well-known discount in the world of insurance. Cost-conscious customers can purchase multiple lines of coverage from Progressive to garner a discount. Of course, nearly all insurers offer added discounts for customers who insure a home and auto with the same company. Some also provide bundling discounts for other types of coverage, such as RV and motorcycle protection.
Name Your Price Tool
Another frequently advertised feature is the Name-Your-Price Tool, something Progressive marketed to potential customers looking to save money on car insurance. Unfortunately, this ‘tool’ allows drivers to strip a policy of important coverages in an effort to achieve a specific price. While some customers may perceive it as beneficial, the truth is this ‘tool’ could be causing more harm than good. Instead of sacrificing coverage for the sake of low premiums, talk to an independent agent here at Doug Hansen Insurance to learn low-risk ways you can save money on car insurance.
Discount Double Check
Finally, the ‘Discount Double Check’ rounds out our list as one of the most commonly advertised insurance features on television, radio, and the Internet today. State Farm uses this ‘feature’ to suggest that other insurance companies could be forgetting about money-saving discounts you may qualify for. They claim to double check for discounts, although those discounts are limited to those offered by State Farm.
In reality, any insurance agent can double-check for discounts, but only an independent agent can compare discounts from several insurers and determine which ones will minimize your premiums costs. When you choose Doug Hansen Insurance, for example, we can double-check for discounts from several different Wisconsin insurers, not just one.
When it comes to advertised insurance features, don’t read into the hype. Always contact your agent to ask about coverage availability and discounts before assuming any particular benefit is limited only to a single insurer.