Tag Archives: Car Insurance

My Friend Crashed My Car, Now What?

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My Friend Crashed My Car, Now What? on avanteinsurance.com

Find out how your insurance could be affected

You may have no problem when a friend asks to borrow a pen, a sweater, or even a little money, but when it comes to your car, this might be something else entirely. Often, our car is much more than just a functional item that allows us to get around.

Not only are they probably one of our most valuable possessions, for many of us, they’re our babies. And you don’t just lend your baby to someone.

But because you are a good friend (or perhaps your buddy is just extra persuasive), maybe you relented and handed over the keys. Things seemed fine until you got a call or text from said buddy informing you that they were involved in a little – stressing little – fender bender.

And while you’re happy they are alright, it’s really your car you are worried about. In addition to repairs, police reports, and other things to think about, you of course have to consider your insurance. But since you weren’t driving, you surely have some questions, like:

Is my friend covered under my insurance?

Unless someone is specifically excluded, most car insurance policies cover everyone in a household. As for friends or people who may borrow the car periodically, they are probably covered under something referred to as permissive use.

But it’s important to remember that it is still your policy; even if they have their own car insurance, once they’re driving your car, it’s your policy that applies.

Whose insurance pays for what?

If another driver caused the accident, most likely things will proceed the same way as if you were driving. However, if it’s your friend’s fault, you are on the hook. This means that your insurance will have to pay for any damages to another car or injuries to a driver. If you have collision insurance, you will have to pay the deductible for any repairs to your car.

Will my insurance rates go up?

You better hope your friend gives you a nice apology gift or takes you out for a steak dinner, because chances are your rates are going up. Even though you weren’t driving, you made the choice to hand over the keys.

What happens if my friend was ticketed?

Here’s some good news: You and your insurance won’t be affected if your friend gets a ticket for reckless driving or another infraction. Any sort of violation goes on a driver’s license regardless of what they were driving.

What if my friend didn’t have permission to use my car?

Here’s where things can become tricky. First of all, proving that you didn’t give them permission may be hard. But if you can, there are generally three scenarios.

First, you could claim it was stolen. In this case, you will not be liable for damages and/or injuries. You would rely on your insurance to pay for damages to your own car. If the person who took your car without permission has insurance, their policy would pay for damages or injuries. However, your may be required to fill in any gaps. Finally, if the friend who took your car doesn’t have insurance, any resulting expenses fall to you.

The moral of the story

Aside from needing to pay for repairs and having your insurance rates go up, it could be worse than that. If you knowingly allowed an unlicensed or intoxicated person to use your car, not only will you be held liable, you could end up facing a lawsuit. If you learn anything from this, it should be that you need to be careful about who you lend your car to.

If it has been a while since you examined your car insurance policy, it may be time to give it a good look so you know exactly what is and isn’t covered. And if you need different coverage or want to see if you can get a better rate, just contact Avante Insurance.

How Much Car Insurance Is Enough?

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How Much Car Insurance Is Enough? on avanteinsurance.com

How to determine the amount of auto insurance coverage you need.

Car insurance is necessary to protect yourself financially if you’re ever involved in an accident. Most states require everyone to have auto insurance, and they also set minimum requirements, meaning you must carry at least a certain amount of coverage.

The minimum amount varies by state, however. In some cases, the minimum amount may be enough to cover repairs and medical expenses but depending on where you live and the type of car you drive, it may not be enough. So, how do you determine the amount of coverage you need? First, let’s review what auto insurance covers.

Car insurance includes several policies that cover different things

The main auto policies that most people must carry include:

• Liability coverage. This covers your liability if you are at fault for an accident. It helps you pay legal fees or other expenses if you are sued. The money goes to the people you hit. (It doesn’t cover the people in your car.)

• Bodily Injury Liability (BIL). This covers the medical expenses of the people in the car you hit. There is usually a maximum amount allowed, both for a single person and for multiple people. Your policy might show the amount as 10/20 or $10,000 for a single person and $20,000 for multiple people.

• Property Damage Liability. This covers damage to the car you hit. The amount is often listed with your BIL coverage as 10/20/10, meaning the maximum amount allowed for repairs to the other car is $10,000.

• Other types of policies (which might be optional) include:

• Personal Injury Protection (PIP). This covers you and your passengers’ medical expenses.

• Uninsured/Underinsured Motorist Coverage. Covers your costs if you’re in an accident with someone who doesn’t have insurance or who only has minimal coverage.

• Collision. This covers repairs to your car after an accident.

• Comprehensive. This covers the costs if your car is stolen or damaged by something other than an accident (e.g., a tree branch falls on your car or damage from flooding or a storm.)

Why you might need additional auto insurance coverage

Depending on where you live, or the car you drive, the maximum amount your policy will allow may not be enough to cover all your expenses. For example, your state might require owners to carry 15/30/5 of coverage.

Determining how much coverage you need

Many factors go into deciding both the types of coverage to purchase and the coverage amounts. It might come down to your assets and whether you can afford to pay out-of-pocket expenses. It is a good idea consider the total value of your assets and make sure your coverage is the same value.

Do you need additional policies?

When it comes to optional policies, you’ll need to factor in a few things. Make sure there will be no overlapping with your current insurance policies, you don’t want to pay more than you need. Another thing to consider is that if you have a good health insurance policy, you may not need more than the minimum for personal injury protection.

If you live in a state that has a high percentage of uninsured drivers, you would be wise to consider purchasing some additional coverage. Collision and Comprehensive coverage will help replace or make repairs to your vehicle if you’re at fault in an accident. There are deductibles you have to meet, but if your car is new or a luxury vehicle, it might be worth it to have this coverage.

A savings tip to follow

One way to lower your auto insurance premium is to choose a higher deductible and then pay for minor things on your own. You can always choose not to submit a claim for smaller repairs and use your collision insurance only when major repairs are needed. This will help keep your insurance rates from increasing.

Use this helpful advice to determine how much auto insurance coverage you need. If you have questions or need to purchase auto insurance, contact Avante Insurance Agency. Whatever type of auto policy you need, we will get you covered. Call today at 305-648-7070 or send us a message through our online form.

Tips for Getting the Best Deal on Car Insurance

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Tips for Getting the Best Deal on Car Insurance on avanteinsurance.com

7 ways you can save money

There are two things most of us have in common. We have to buy auto insurance … and we all want to find the best deal on auto insurance. According to Value Penguin, “The average annual cost of car insurance paid in the United States was $907.38 in 2014 according to a study commissioned by Quadrant Information Services.”

Of course, the price in each state and city can vary widely. Many factors can affect the rate you pay, including your age, gender, the miles you drive, and more. It can be a pretty major expense, especially if you have several drivers in the house, including teenage children.

Here are 7 tips on ways you can get the best deal, no matter where you live.

1. Don’t be afraid to look around

You are not “married” to one insurance company for life. In fact, it may be to your benefit to leave. A NerdWallet analysis found that, “Good drivers could be missing out on $416 a year on average by not comparing insurance prices … 38% of Americans who have car insurance haven’t compared insurance costs in at least three years, if ever.” Shop around every few years to make sure you’re really getting the best value. Look at several different companies and compare prices. The premium amount isn’t the only factor to consider, either. Some policies come with extra benefits that may help you save money in other ways. Insurance carriers often adjust their underwriting and ratings, so look into that as well.

2. Don’t limit your search to the “Big 4”

The “big 4” refers to Allstate, Geico, Progressive, and State Farm. Together, they control almost half all auto insurance policies in the entire country. However, they are not the only companies out there, and they don’t always offer the best deals. Check out local or regional companies, which may offer lower rates … and more personalized service.

3. Ask about low-mileage discounts

Many insurance companies offer policies geared toward those whose annual mileage is lower than the norm. Perhaps you’ve retired or you switched jobs and have shorter commute? Maybe you’re part of a carpool so you don’t drive to work every day? Ask and see if there is a way to lower your premium or switch policies.

4. Look at collision and comprehensive deductibles.

You might consider raising your collision and comprehensive deductibles. Collision insurance covers damage to your vehicle as a result of a collision with another car or object, no matter who is at fault. Comprehensive insurance covers theft or damage from fire, flood, or falling tree limb. According to Consumer Reports, “The average driver files a comprehensive or collision claim only once every 5 to 10 years…” Considering this – and considering your own experience with making claims – it might make sense to raise these deductibles, which will lower your monthly premium. It’s especially something to consider if you have an older vehicle.

5. Ask about eligible discounts.

Insurance companies often provide discounts and price breaks in certain circumstances, if you:

  • Bundle your auto insurance with other policies, such as homeowners or life insurance
  • Insure multiple vehicles under one policy
  • Have a clean driving record
  • Pay your premium annually or every six months rather than every month
  • Agree to receive documents online
  • Own a car that has anti-theft or safety features
  • Are a member of certain professional organizations or affiliate groups

If you fit any of these scenarios, ask to see if you can take advantage of any discounts.

6. Always pay your bills on time

Do you have a habit of paying credit card bills late? Have you forgotten a couple payments or gotten behind? This can lower your credit score, which in turn can mean higher insurance rates. If you thought credit scores only affected your ability to get a loan … think again. A NerdWallet analysis found that poor credit can boost car insurance rates by hundreds of dollars a year.

7. Understand that certain cars come with higher insurance rates

According to Edmunds.com “The year, make and model of your vehicle can have a profound impact on your insurance rate. All else being equal, new, expensive or sporty cars will cost more to insure than older, cheaper and more utilitarian vehicles.” If you are looking to buy a new car and have a few options on your list, check with your carrier to see which models come with lower insurance rates.

Use these tips to help lower your car insurance premiums. If you need a consultation about your insurance needs or you have questions about reducing your rate, contact Avante Insurance today.

How Letting Others Borrow Your Vehicle Could Affect Your Car Insurance Policy

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How Letting Others Borrow Your Vehicle Could Affect Your Car Insurance Policy on avanteinsurance.com

You could be liable if someone gets into an accident with your car

Letting someone borrow your car might seem harmless, but it could have serious financial implications. Unlike what many might think, car insurance does not usually follow the driver, it follows the car. Therefore, if you lend your vehicle to a friend or family member who crashes the vehicle, you might see a large increase in your car insurance rates. To make sure you don’t have to pay for someone else’s accident, avoid lending your car out to anyone who isn’t on your insurance policy. Here are some more things you should know about lending your car out:

If there is someone who regularly drives your car, add them to the policy

Whether you let a child or sibling regularly use your vehicle, or you lend it out to a service provider like a nanny or nurse, you should let your insurance company know. In many cases, it may be best to simply add them to your policy. Remember, when someone borrows your car, they also borrow your insurance. For many, it makes the most sense to simply alter that policy to fit their needs. While this may result in a slight increase in your monthly premium, it may help you avoid a much more expensive disaster.

Another common method of car-sharing involves car-sharing apps, which have become much more popular in recent years. While it may seem like a good way to make money, most insurance companies would probably strongly warn its customers against lending their car out through an app. While some car sharing apps may claim to offer some level of insurance, lending your car out to strangers on an app is simply asking for trouble. Even if drivers from the app don’t get in an accident, simply having your car on an app could increase your rates by itself. This is especially the case if your insurance company finds out on its own (instead of through you) that you’ve been lending out your car via an app.

If you do lend out your vehicle, it’s essential (at the very least) to make sure that they have their own car insurance

While your insurance company will usually be first to foot the cost of any accident, if your policy runs out, the driver’s policy may supplement it. Therefore, it’s extremely important to make sure the other person has insurance. If lending your car out to an uninsured driver results in an accident, it could have serious financial implications. Depending on the situation, you could be forced to pay out-of-pocket costs for the accident in addition to dealing with a potentially significant increase in your insurance rates.

When it comes to lending out your vehicle, it’s essential to be honest with your insurer

By now you’ve probably realized that lending your car out in anything other than an emergency is probably an unnecessary risk, unless you go through the official process of adding someone to your policy. Some insurers may be more lenient than others, but unless you’ve made specific arrangements with your insurer, it’s safe to assume that letting others drive your car can be perilous proposition. Either way, it’s best to find out your insurer’s specific policy before making any choices that could affect your financial future. When it comes to letting others borrow your vehicle, what you don’t know can hurt you. However, just a little research could save you serious cash– and it’s better to be safe than sorry.

To learn more about how to protect yourself from a variety of common insurance risks that could seriously impact your financial wellbeing, contact Avante Insurance today for a free consultation.

How Artificial Intelligence May Affect Your Car Insurance

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How Artificial Intelligence May Affect Your Car Insurance on avanteinsurance.com

Some food for thought on driving in the future

For every new technology humanity creates in the 21st century, there is a knock-on effect. The globalization of tech has seen boundaries blur between business and production sectors until a worldwide technological model is emerging where everything from books, smartphones, tablets and even our homes are sharing a common digital language. Where humanity creates, there is always the potential for error in performance. Where that potential exists, insurance must be there to cover the shortfall.

Artificial Intelligence (AI) is shaping up to be one such global game changer. In the very near future it’s set to revolutionize every aspect of human life. One of the day to day activities set to change the most is driving. The concept of the self-driving car is being met with equal degrees of support and suspicion. Here are some pros and cons along with how they may affect car insurance policies of the future.

The pros of vehicular AI

In an alarming increase, car-related deaths in the United States have risen yet again…and technology is bearing some of the blame. The distraction of modern media and the machines that convey it have led to ever more distracted drivers on the road.Analysts of vehicular AI, however, maintain that this particular tech offers the potential for positive

Analysts of vehicular AI, however, maintain that this particular tech offers the potential for positive progress, and that such accidents and fatalities could be averted by a car which takes full responsibility for the journey. With driver error removed as a possibility, pssengers would be free to enjoy the trip, read, play games or even sleep as in-car sensors and computers take the wheel. It’s a potential gift for drivers with disabilities or elder drivers who would once have had to hand in their keys.

While paying laser sharp attention to the world around them, smarter cars would also be in a constant state of self-study. They would be self-assessing the performance of their hardware and software for even the slightest error or flaw and thusly accelerating progress towards a more perfect vehicle.

The cons of vehicular AI

This white paper from neutral think-tank the Eno Center for Transportation does highlight the benefits, but also considers the downside. The study foresees prohibitive production costs and low consumer availability placing AI cars beyond the reach of the majority for years to come while also noting sluggish national legislation governing the use of smart cars and their effects on insurance. It may be 2025 before the public can decide whether or not to try AI-assisted driving.

Arrival delays aside, there are fears of new dangers when AI driving does become the norm. The diminishing of human agency in driving leaves many (if not all) decisions up to the car. As one article states, AI “must decide in the event of a potential collision whether to hit a pedestrian, or swerve and thus kill or injure the driver. Equally as unnerving: if a car has AI it’s a potential target for hackers. Drivers could find themselves diverted mid-journey by an outside party; possibly even vehicles sitting unmanned in driveways could be remotely activated and stolen.

No matter the likelihood of the above drawbacks, they are on the minds of millions. We tend to embrace smaller-scale technological advancements which will facilitate speedier and more comfortable lives. If our lives are literally going to be in the hands of tech, we’re not quite so keen.

What it could mean for car insurance

In a world of AI, the autonomy (and related risk of error) of drivers is greatly reduced if not ultimately entirely removed. Smart cars rating their own performance and reporting to their manufacturers will mean the vehicle itself will become more and more infallible. The likelihood of having our cars stolen looks set to be a thing of the past with biometric data deciding who gets to open the door.

With accidents and their attached health fees, theft and parts failure facing a dramatic decrease and driver safety records a concurrent increase, does tomorrow have any need of car insurance?

The answer is that it will, but it will take new forms to keep pace with new risks. All possible dangers of malfunctioning AI, third-party hacking and issues yet to be discovered, will need to be protected against by both manufacturer and consumer. There is still work to be done in ascertaining who would be liable in an AI insurance claim.

The ability of a smart car to self-diagnose and report problems on its own could remove the need for insurance staff in the claims verification process. With fewer employees engaged behind the scenes to calculate a claim there would be less people requiring a paycheck. The speed and efficiency of AI carrying out these once-human tasks could mean lower premiums for policy holders.

Human jobs may be augmented rather than lost, however. With around 62% of insurance companies ready to use AI by 2018 with big increases in projected profits over the next two years, car insurance is revving up for the good and the bad the road ahead will bring.

Avante Insurance is a South Florida family owned and operated insurance agency providing an array of insurance services to meet the individual needs of our customers. If you need any information on insurance, you can call us at 305-648-7070, request an insurance quote or contact us with any questions or comments.

Does Time of Year Matter When Buying Car Insurance? Months and Marriage Can Make a Difference

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Does Time of Year Matter When Buying Car Insurance? Months and Marriage Can Make a Difference on avanteinsurance.com

According to figures at dmv.org, the national average for yearly car insurance is around $900 a year.

Car insurance of some kind is a must in America and can even be a medical back-up in No Fault states like Florida where, regardless of who caused an accident, your car insurance can help pay medical costs.

It’s generally known that policy figures vary from state to state dependent on a number of factors, but what’s not so well known is that some months may be cheaper than others when it comes to buying car insurance.

The month can matter

This insurance study offers some interesting insight. State variables and market forces do make the whole scene fluctuate of course, but a couple of things held steady. It seems December was a great period nationally to buy car insurance, and for many states. Conversely, premiums were at a national high in March.

January was also a bad time to buy, with new rating plans and rate increases as the fiscal year begins and inflation takes effect. The bright side is this creates competition that can pay off in a wider choice of premiums for the consumer. There’s a handy little calculator at the end of the study to illustrate car insurance trends in your native state.

These monthly figures are great for drivers to know on the national and state scale. When it comes to each of us individually, there’s more we can do to recognize key time windows to maximize our coverage.

Take advantage of your insurance coming up for renewal

There’s no more savvy time to shop around for car insurance than when your current policy is due to be renewed. You’ll be able to see ahead to any increases or changes in your agreement.

If anything isn’t to your liking, don’t waste any time in checking with other providers to see if they can do better for your money. Either that or contact your existing insurance company and see if they can make their offer more attractive.

Status changes in life

Marriage has a lot of benefits but not too many newlyweds consider that it could also be a happy union for their insurance. Many providers offer discounted premiums for married couples, with rates that could be even more favorable if you happen to also insure your home with that same company. There’s also the interesting statistic that if you’re married you’re less likely to be in accident!

If each member of the couple has a good driving history, then they can benefit even further by boosting their partner’s insurability. The opposite does apply to the latter: if a spouse has a bad driving history of accidents, DUIs et cetera, then that’s going to reflect badly on their partner. Divorce is a bad time for a couple, but it’s also a good time to check up on your car insurance and alter your policy accordingly.

Final thoughts

Even with the all the data above, the number one insurance rule (after “Get it”) is to shop around. Trends may point to good months and bad months but there’s really no way to predict the market or what deals an insurer may offer at random times. Check around and check often.

Of course, if you’re uninsured for the road or any other risk then the best time to buy is always sooner rather than later and that goes double for younger and first-time drivers. Get in touch with a professional insurance firm to find the best policy to fit you.

Whatever your insurance needs or concerns, we’re here to help. Avante Insurance is a South Florida family owned and operated insurance agency providing an array of insurance services to meet individual needs. If you’d like to know more, you can call us at 305-648-7070, request an insurance quote or contact us with any questions or comments.

If Cars Could Talk: What Cars Say About Their Drivers, and How it Impacts Insurance Costs

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If Cars Could Talk: What Cars Say About Their Drivers, and How it Impacts Insurance Costs on avanteinsurance.com

More expensive vehicles and those more likely to be stolen often cost more to insure

When it comes to determining your car insurance rate, auto insurers take a variety of factors into account– and one of the most important factors is the make and model of the car itself. There are few hard-and-fast rules about which types of vehicles are more expensive than others, but a few generalizations can often be made. These include:

  • • Cars are usually less expensive to insure than SUVs
  • • Expensive vehicles usually cost more to insure than less expensive ones
  • • Cars more likely to be stolen are more expensive to insure
  • • Cars with great safety features cost less to insure than those without them

Despite these generalizations, there are always exceptions– and that’s why you must do comprehensive research on potential insurance rates for the specific make and model of car you want to buy, lease, or insure. However, understanding the basics about how vehicle choice can affect insurance rates can still help make you a smarter driver, car owner, and auto insurance buyer– and that’s never a bad thing.

When it comes to car insurance pricing, specific brands and models matter

If you want to know the least (and most) expensive cars to insure for each year (and model year), all the information you want is simply a few clicks away. Major insurers, financial blogs, newspapers, magazines, and other sources publish detailed comparisons one or more times a year to update consumers about changing prices. In 2016, some of the cheapest cars to insure included the Honda Odyssey, the Dodge Grand Caravan, and the Toyota Tacoma– each which cost an average of a little over $1000/year to insure. In comparison, 2016’s most expensive cars to insure include the Dodge Viper GT, the Mercedes-Benz SL65 AMG, and the Mercedes-Benz S600 each cost between $3,500 and $4,000/year to insure.

Makes and models with substandard safety features often increase insurance rates for drivers

While it might seem surprising, newer cars aren’t necessarily more expensive to insure than older ones– and in many cases, car safety features (or the lack thereof) is the reason. With car safety tech changing so quickly, even models only three to four years old may not have the same safety features as a newer vehicle. These features can often make a big difference when it comes to road safety and accident prevention. For example, newer technological features like rollover control systems have significantly decreased SUV insurance rates, bringing costs in more line with sedans, coupes, and other commonly driven types of vehicles.

Drivers of cars most likely to be stolen often face higher insurance rates, too

Recent statistics indicate that close to 700,000 cars are stolen each year in the U.S., so it shouldn’t be a surprise that the nature of these thefts (i.e. which kinds of cars are stolen) greatly impacts car insurance rates. Unfortunately for the owners of high theft-risk vehicles, that means an increase in car insurance rates to hedge the potential risk of theft. But which vehicles are the most likely to get stolen? Hint: it’s not the brand-new ones.

The most commonly stolen cars in 2012 weren’t brand new– instead, they were cars between model 1991 and 1999. While new cars may have a higher resale value than their used counterparts, newer vehicles often have far more advanced (and often GPS-enabled) theft tracking systems, which can deter all but the most committed of thieves. In addition, it’s often easier to strip down older vehicles to re-sell their parts, which is often the end goal of many car-thieving criminals.

Surprisingly, classic cars cost an average of 40% less to insure when compared to a typical vehicle

While cars that are a few years old may end up being more expensive to insure due to theft concerns, cars that are 40, 50, or even 60 years old might get you a bargain when it comes to auto insurance. In fact, per statistics from Progressive, classic cars, on average, cost 40% less to insure than a regular vehicle. This can likely be attributed to several factors, including the fact that classic cars are usually driven far less (and far more carefully) than regular vehicles and that classic car owners tend to be better drivers who know significantly more about car safety and maintenance.

Do your research before leasing or purchasing a vehicle or buying a new car insurance policy

If you’re planning to make a significant transaction involving auto insurance, such as purchasing or leasing a car, or switching out your current car insurance policy for a different one, it pays to be prepared. Depending on your driving record, your credit score, the make, year, and model of the car you drive, among other factors, you may be paying a significant amount each month in insurance costs. However, there are often unexpected ways to save on insurance costs, including discounts and rebates sometimes offered under special circumstances.

Therefore, to make sure you’re getting the best deal, do your research before buying anything and, if possible, try to purchase vehicles with reasonable insurance rates. Doing this will save you a ton of money (and a lot of headaches) for as long as you own them.

To learn more about how to save on you or your family’s car insurance rates, contact Avante Insurance today for a free consultation.

What do You Need to Know about Car Insurance?

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What do You Need to Know about Car Insurance? on avanteinsurance.com

Before you buy a policy, keep these seven things in mind

Planning to buy a car soon? If you haven’t already, you’ll probably do a lot of research to find a great vehicle that meets all of your needs. Then you’ll start looking at dealers in your area to see if they have what you’re looking for in your price range.

But will you do the same amount of homework when shopping for car insurance? If you want to save money and be protected, you will. Before you decide on a policy, here are some important things to remember:

It pays to shop around

It can be very easy to go with the same company you’ve had for a while, or perhaps the one a friend or family member uses, but this isn’t always the wisest decision. You’ll never know how much money you can save if you don’t review your options, which you should do on a regular basis.

You may want to think safety first

If your new auto comes with certain safety features and an alarm system, it’s possible your premiums will be lower. You may not have to spend as much if you take a defensive driving class. Basically anything that keeps you and your car safe can have an impact on your payments.

Bundle up

Going with the same insurance company for different polices, like home and auto for example, can save you a significant amount of money when bundled. It’s important that all of your policies give you the coverage you need.

Installment plans will cost you

It may be nice to have smaller payments spread out over the year, but you’ll probably be charged an additional fee to do this. It will be much more cost-effective to pay for your policy in one or two lump sums.

Will you be using for car for work?

This new car may be your only vehicle, but if you’ll also be using it for work purposes – such as through a ride-sharing company – you need to make sure your policy covers this. You may end up needing a commercial auto policy as well.

Discounts may be available

It’s possible that the company you work for has a deal with an insurance company and you could get a discount. Certain colleges also work with insurers to make policies more affordable for students. It never hurts to ask to find out what’s available.

You may not need the same coverage down the road

When driving home in a beautiful new car, you of course want to keep it as well-protected as possible with the best insurance coverage. But fast forward a few years, and it may not be worth it. Because cars depreciate in value so quickly, you’ll have to decide if or when to eventually drop collision or comprehensive coverage.

Want more information on car insurance? Get in touch with Avante Insurance. We’ll talk to you about your options and help you find the perfect policy to keep you and your car protected. Call us at 305-648-7070 or fill out our online contact form.

How Motorcycle Insurance Differs from Auto Insurance

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How Motorcycle Insurance Differs from Auto Insurance on avanteinsurance.com

Hint: Your auto insurance will not cover your bike

Everyone knows there are major differences between driving a motorcycle and driving a car—but what many folks don’t realize is that their auto policy won’t cover their motorcycle and their motorcycle policy won’t cover their car. The insurance requirements for these two types of vehicles are different and it’s important to know how if you’re the owner of either (or both). Here’s a quick guide:

Modified coverage

Motorcycles are often not the main method of transportation for owners. Whether you’re a weekend warrior or you only ride your bike during certain seasons, you may have the option to choose an insurance policy that allows you to specify when you ride—helping you to save money on your premiums. This is not an option with your auto insurance. Motorcycles can also fall victim to theft, fire, and other unforeseen events just like cars, so even if you’re not riding it as often as you’re driving your car, you’ll want to make sure you have the right protection.

Cost comparison

Depending on what kind of driving you will be doing on your motorcycle, how experienced you are, and your driving record, your bike insurance will likely be less than your auto policy. Although riding a motorcycle is often more dangerous and a higher risk than driving a car, these factors can influence a lower rate. Keep in mind that in many states you have to pass a rider training program before you can get a license or have a motorcycle endorsement added to your driver’s license.

Helmet laws affect motorcycle insurance rates

In many states, helmets are only mandated for motorcycle riders under the age of 21. While this makes many motorcyclists happy, it has also caused the cost of insurance to go up. And because riders in Florida need at least $10,000 in medical benefits coverage (other states require as much as $200,000 in medical coverage), the cost to insure their ride can get quite costly. Motorcyclists who wear helmets, on the other hand, can save on their premiums.

Motorcycles and their riders suffer more in an accident

Although some states do not require motorcycle insurance, you’d be foolish not to have a policy in place to cover you and your bike in the event of an accident. In most cases, if a bike collides with a car, the bike and the rider suffer greater damage and injury than the other vehicle. So if you don’t have the right amount of coverage, you stand to lose a lot by way of costly repairs and medical bills.

It’s recommended that motorcyclists have the following coverage:

Liability

Collision

Comprehensive

Medical

While the same types of coverage are available and recommended for cars, many drivers can get away with minimum coverage and opt out of comprehensive. But for a motorcycle rider, having inadequate insurance is a much riskier proposition.

Motorcyclists need medical coverage

It’s a sad fact, but in most cases, if you are involved in a crash with your motorcycle, the odds of getting injured are quite high – much more so than if you were driving a car in the same accident. That being said, unless you have health insurance that includes coverage for an accident on your bike, you need medical coverage included in your motorcycle policy.

If you own both a motorcycle and a car, remember that you need two separate polices for these vehicles. Of course, if you are an occasional rider, you may have the option to add coverage to your auto policy, but it’s best to speak to your provider and find out the best option for your specific needs. While saving money on monthly premiums is always a goal, skimping on your coverage is never a good idea, especially when you consider the risks of hitting the road on a bike.

For more information about insurance for your car or motorcycle, give us a call at 305-648-7070 or fill out our online quote request form. We are standing by to assist you in getting the coverage you need.

What New Drivers Need to Know About Car Insurance

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The keys to freedom come with responsibility, as a new driver, are you prepared?

For new Florida drivers, getting a license and their first vehicle is the key to freedom. There’s nothing like getting out on the road and being able to go where you want when you want. However, driving also carries a substantial amount of responsibility. In order to drive, you need to have insurance, but many new drivers and even their parents aren’t exactly sure about the requirements, types of auto insurance and how much coverage will work best for them.

What Do New Drives Need?

Florida state law requires residents who own a vehicle to have insurance. They must carry at least the minimums for property damage liability as well as personal injury protection. The state actually has relatively low insurance coverage minimums when compared with the rest of the country. The minimum limits in Florida for coverage are $10,000 of no fault or personal injury protection coverage and $10,000 of property damage liability.

Personal injury protection insurance will cover medical expenses and income loss that occurs because of a car accident. It will also cover your children as well as other people in the household.

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Top 10 Most Expensive Cities for Car Insurance

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Car Insurance. We probably don’t like paying it, but all of us with a car need it. Insurance premiums can vary, but did you know that one of the biggest factors involved is location? Rates vary significantly across the U.S., and some people will pay much more depending on where they live, but it’s not only drivers to blame for higher rates. Bad weather, traffic conditions, crime rates and no-fault insurance laws all affect premiums, and sometimes premiums can get really high.
NerdWallet recently did a study which analyzed the average annual premiums for the 125 biggest cities in the U.S.. They used the profile of a 26 year old male with no history of accidents, insuring a 2012 Toyota Camry with extended coverage. Using this information, they came up with the following list of the Top 10 Most Expensive Cities for Auto Insurance.
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