Car insurance commercials consume so much of the airwaves; it’s hard to keep up with which companies offer different features. Today’s advertisements are filled with extreme characters and funny banter, all of which point to specific benefits and discounts offered by various brands. In this two-part post, we’ll cover some of the most frequently advertised insurance features, where you can get them, and how they may or may not benefit your coverage needs.
Roadside Assistance is a major advertising campaign from Liberty Mutual right now. The coverage is featured in commercials where drivers appear stranded due to a flat tire or some other unexpected event. Liberty Mutual claims that drivers who add Roadside Assistance to their coverage can get access to help 24-hours a day.
Here at Mid-Rivers Insurance, we typically recommend Roadside Assistance coverage to any driver who wants to protect themselves or the other drivers on their policy against dangerous or vulnerable situations like lock-outs, flat tires, breakdowns, and more. Nearly all insurers – not just Liberty Mutual – offer some type of Roadside Assistance, although the details of that coverage may vary from company to company.
Safe Driving Bonus Check
The Safe Driving Bonus Check is a feature exclusive to Allstate and seen in many of their commercials. The check is available to drivers who enroll in the Your Choice Auto Program and remain accident-free through each policy period, resulting in a bonus every six months. The bonus is usually worth about five percent of the paid premium for the previous policy, which would equal about $30 on a $600 policy.
There is a catch, though. To start, only certain drivers can qualify for the bonus check. Eligibility may be contingent upon having a good driving record and even a good credit score. Next, those who do qualify must pay extra to be a part of the program. Essentially, drivers will pay more money for the chance to get money back at the end of the policy.
Alternatively, many other insurance companies also award safe driving, albeit in different ways. Some, for example, will offer an immediate safe driving discount to lower your monthly premiums. Others may offer a program that lowers your premiums or deductible over time. Talk to an independent agent here at Mid-Rivers Insurance for more information about safe driver discounts and bonuses offered by Missouri insurers.
Name Your Price Tool
The Name Your Price Tool is a website feature from Progressive that gives drivers easier control over the various components of their policies. The minimum state-required coverage limits are locked in to assure legal compliance, but otherwise, drivers can adjust, lower, or eliminate certain coverages and other policy features to arrive at a preferred price. This can be particularly dangerous when drivers value low rates over the quality of coverage. Often, the result is a bare-bones policy lacking the necessary benefits to protect a driver against major liability and loss scenarios adequately.
Instead of taking coverage into your own hands with the Name Your Price Tool, always work with an independent agent who can accurately assess your risks and match you with a policy that fits your needs.
Bundle and Save
Another recurrent Progressive commercial is the one that encourages drivers to “Bundle and Save.” This refers to the discount Progressive offers customers who combine auto with other types of coverage, such as home, renters, condo, or townhome insurance. The discount can have a significant effect on premiums, although Progressive is not the only company who does so. In fact, most insurers offer loyalty discounts of some kind, and some even offer them for other types of coverage, such as recreational vehicles and motorcycles. Talk to an agent for help determining which bundling discounts may be available to you.
Continue reading part two of our post, Advertised Insurance Features.