Do I Need Additional Insurance for Uhaul Type Vehicles?

Renting a Uhaul or similar moving truck this weekend? Make sure you read this first!

A common question we receive is whether or not our insurance would cover us for a rental motorhome or moving truck in Beaverton, OR. And the answer really depends solely on the size of the vehicle (in addition to what coverage you currently carry, of course).

When talking about your collision and comprehensive coverage, your standard auto policy will cover the usage of a temporary replacement vehicle usually up to 12,000 GVW. If a vehicle is over this GVW, it would be excluded from coverage. Additionally, if the cab is separated from the bed, this will also create an exclusion from coverage for most auto insurance policies.

Truck rental companies typically offer four types of coverage.

  1. Damage Waiver: covers you in case of damage to the truck. If you do not purchase this coverage, you are responsible for any and all damage to the vehicle, no matter what the cause. If you decide to decline this coverage, you may be responsible to pay the damages to the truck even if they are not your fault. Something to keep in mind is depending on the extent of the repairs, you may be held responsible for loss of use on the vehicle.
  2. Liability Coverage:  covers you in case you hit something or someone. Your auto policy may cover this, but please call us in advance before you rent a vehicle to make sure. Each company is different.
  3. Cargo Coverage: Your auto policy will NOT cover any cargo that you are carrying. Period. If you are moving valuables, you may consider this coverage, depending on the values. If you’re moving a mattress or other item that will likely not be damaged, it would probably be wise to save your money, but only you can decide.
  4. Personal Injury Protection: This is a no-fault insurance and can be used anytime you’re involved in a motor vehicle collision, regardless of the motor vehicle you’re traveling in.

With anything, please feel free to call us with questions at 503-291-9317. This article is meant to be informative, but not a means of advice. If you have questions about a rental vehicle, please contact our office and speak directly to a licensed agent at our insurance agency in Beaverton, OR. We have licensed insurance agents in Porltand, OR ready to help you.

 

 

“You can save hundreds on car insurance!” Really?

“You can save hundreds on car insurance in Oregon!”  Really?

We’ve all seen the commercials… “Call today and save hundreds!” There is some truth to it, but you’re not going to save over and over until you’re paying nothing.  Take advantage of the cost saving tips below and then stay put! Your insurance company will reward you for staying with them; just make sure that you follow the tips below to save when you’re ready to shop, and if you feel like you’re paying too much, you might be! Here are some tips on saving on home and Auto Insurance Oregon.

1.      Shop early

Many companies offer discounts on auto insurance if you shop at least 7 days in advance of your current policy expiration date. This discount varies, but can be as high as 10% and depending on the carrier, can stay on the policy for several years. Companies reward responsible consumers who shop early and pay their bills on-time; they say it is an indication of predicting future losses.

Other products may be eligible for an advance shopping discount too. Be sure to ask!

 

2.      Bundle your policies – but also shop individually!

Bundling your home and auto insurance together in the same place has been touted for years by the likes of State Farm and Allstate, but that’s because they only offer one company. There is still some truth that it can save you money by packaging your home and auto policies together. Statefarm will discount your premium as much as 30% for bundling the two policies together. That said, it doesn’t mean that their rate without the 30% discount is the best. Have your agent quote you out separately as well to ensure that it is best to bundle them together. Some companies offer “mini-packages” where you can put your auto and umbrella with one company (creating a mini-package) and home with another. Talk to you agent about what is best for you.

 

3.      Go to a local independent agent

Local independent agents offer insurance products through many companies and can save you time by shopping you through all of their companies at once! Think about what your time is worth. Do you really want to spend your time calling several different insurance companies, giving out your personal information over and over just to get a quote? Save yourself the hassle and look for a recommended local independent agent.

4.      Take EFT or pay in full options

By putting your policy for either your home or auto on an Electronic Funds Transfer (EFT) or paying the policy in full, you can save upwards of 10% off of your premium. Ask your agent about different payment options and how much they differ. You’re paying monthly by mail anyway, might as well save while you pay!

 

5.      Talk to your friends

Friends love to share when they are able to save money on their insurance or any product for that matter. It makes them feel good! It is human nature to want to help others and feel like an expert at the same time… so start asking who your friends are insured with and maybe you can share this article with them to help them too!

 

6.      Stay with the same company longer

Insurance companies now offer longevity credits for loyal customers. They know it is far better to retain a current customer than it is to attract a new one. Stay with a company longer and they will often reward you with perks such as accident forgiveness, better rates and disappearing deductibles! It is also good to touch base with your agent once a year to see if there are any new discounts too.

 

7.      Keep your credit in good health

Like it or not, your credit has an incredible influence on your insurance premiums. Insurance companies say that credit is a good indicator of future losses.  Credit improved lately? Your insurance company can often re-run your credit with your permission to see if you’re eligible for a better rate.

 

8.      Previous insurance limits

Those low policy limits may be hurting you. If you tend to select lower than 50/100 liability limits on your policy (we’d always recommend at least 100/300; ask us why) you will be penalized if you go to another carrier. When a new insurance company takes you on as a customer, they will actually tier you based partially on your previous insurance limits. Come to them with low limits and they will penalize you and your premium will be higher. Consider raising your limits. Not only is this a good idea to save money, it is a good idea to protect you financially in the unfortunate case of an accident.

 

9.      Raise your deductibles

Are you carrying low deductibles? You’re paying more for it. While everyone is different on how they want to use their insurance, consider this: Do you really want to make a claim for less than $500? This could affect your premiums in the future, even if you’re not at fault! Talk to your insurance agent about what is the best option for you.

 

10.   House rebuilding cost is different than what you paid for it.

This is a big one! Many people think that what they paid for their home is what they need to insure it for. Of course you want to protect it and have it rebuilt in the unfortunate even of a fire or possible storm damage. However, when you insure your home for what you paid for it, you’re taking into consideration the value of the land. The average property has 30-40% of the value in the land. Most insurance agencies will use a cost estimator for the rebuild value of the home, but then will talk to you about it. Make sure you don’t include the value of the land.

 

11.   Avoid being a claims magnet

We see people all the time turn in theft or vandalism claims for stolen personal effects in their vehicles. Not only are those personal effects usually not covered (iPods, cds, cameras) the claim usually stems from them leaving it visible on the seat of the vehicle that was damaged. If you have an iPod or other MP3 device in your vehicle, consider stuffing it below your seat or putting it in the glove box out of sight. Furthermore, always talk to you agent BEFORE you turn in a claim so they have the opportunity to help with the claims process.

 

12.   When shopping for a new car or house, consider the cost to insure it first!

According to insure.com, the most expensive vehicles to insure are late model luxury sedans and suv’s. The least expensive are your conservative sedans and minivans. Many companies offer free insurance quotes for vehicle changes and you can often access right online through your insurance provider.  

When looking at purchasing a new home, consider if it is near any creeks or bodies of water as your mortgage broker may require you to carry flood insurance which can run into the thousands of dollars a year. While that sound of water is tranquil, it will likely increase your insurance premiums to be near it. Get a quote before making an offer!

13. Education level

Like it or not, insurance carriers have started giving discounts on their products based off of how much education you’ve received. Have some college and you get a larger discount than someone with a high school diploma. Have a graduate degree and get the largest discounts available (usually only around 1-3%).

 

14.   Ticket falling off soon? Ask for an MVR review!

Make sure you tell your agent about this. Penalties can vary greatly, but it isn’t unusual for them to be in excess of 50% increase in your premiums. 1st tickets aren’t as heavily penalized as the 2nd or 3rd. If you have a ticket coming off of your insurance the carrier can often do an MVR review (depending on your state). Keep in mind, if the company reviews your MVR, they may find additional tickets that you haven’t told them about, so if you’ve recently received another, it may be best to keep quiet.

 

15.   Other items to consider:

  1. Simply by adding an umbrella to your auto policy can almost cover the cost of the umbrella itself!
  2. If you have youthful operators in the house, they may be eligible for a good student driver discount.
  3. Mature driver (55+)? Some companies offer discounts for mature drivers who have completed a safety course lately. To find one near you, just type in “Mature Driver Course” into Google and you will find many!

If you’ve enjoyed this blog post, please share it with a link pointing back to our site! Thank you, and safe driving!

Can You Really Save Money on Car Insurance?

“Switch now and save!” “15 minutes can save you 15 percent!”

Adding some truth to saving money on car insurance in Beaverton, OR

You’re heard the countless commercials about saving money on car insurance in Beaverton, OR. So, we decided it would be helpful to see where all of these discounts come from and how you can save money by buying from an independent insurance agency in Beaverton, OR – Hukari Insurance.

  1. Safe Drivers Discount: Safe Drivers cost less because they’re safe and the risk to the insurance company is less. With most companies, safe drivers can pay up to 45% less on insurance premiums over their not-so-safe counterparts!
  2. Advance Shopping/Advance Quoting Discount: You don’t have to wait until your insurance expires to get a renewal quote or to move companies. In fact, if you shop in advance, many companies will give you a discount as it shows you’re responsible and likely to pay your bills on time versus waiting until right before renewal to start shopping. This can save you upwards of 10% with some companies.
  3. Disappearing Deductibles: While not a discount on the front end, certainly a way you would save money. Stay with the same company long enough and with some products, you deductibles will reduce each year until they are gone. This discount will only apply if you don’t have an accident. When you do, the deductibles start over and will again, start to disappear.
  4. Good Student Discounts: Save up to 5% typically on this discount for students who maintain a 3.0 GPA and are under the age of 25.
  5. EFT and Paid in Full Discounts: Save big, up to 10% by paying with recurring EFT or by paying your premium in full.
  6. Prompt Payer Discount: Pay your premium on time for one year and you’ll receive a discount at renewal.
  7. Safety Course (Motorcycle) Discount: Complete a safety course and receive a discount when you provide your certificate.
  8. Multi-policy Discount: Save by bundling your auto insurance and home insurance with the same carrier. This discount often applies to other products as well such as auto and motorcycle. The discounts range from carrier to carrier, but are typically in the 10% off each product range.
  9. Anti-Theft Devices: Having an anti-theft recovery device such as LoJack can save you up to 10% off of comprehensive premiums.
  10. Previous Limits: Having your previous liability limits higher will actually give you a better “tier” with certain companies. For instance, if you have 25/50 liability previously you will often pay a higher premium than someone who has 100/300 liability previously. The companies consider this as a risk factor when taking on a new client.
  11. Multi-car Discounts: If you have multiple cars in the same household, you can earn a discount on your insurance premium. These discounts vary greatly from carrier to carrier as well as state to state.
  12. Snapshot Discount: Progressive has introduced a device called Snapshot that takes a look at your driving habits when installed in your vehicle. You can save upwards of 25% by installing this device in your vehicle.
  13. Homeowner’s Discount: Receive a discount on your car insurance simply by owning your house, condo or mobile home.
  14. Original Owner Discount (boat & RV): If you’re the original owner of a boat, you are eligible for a discount with some carriers.

There are even more ways to save on auto insurance in Beaverton, but these hit the high notes. Be sure to talk to your local independent insurance agent in Beaverton, OR – Hukari INsurance They have the ability to shop you though several carriers at one time and can compare rates side by side. Call Hukari Insurance today at 503-291-9317