Skip to main content
Insurance

Quarterly Newsletter – January 2023

By January 6, 2023No Comments

The scoop of the day

Bundle & Save

 

Many of our carriers provide significant discounts when you bundle your home and auto policies with the same carrier. Please check with us about bundling and saving.

Bundling has other benefits as well. Billing, for example, can be made easier because of putting all your business on one billing account. While they don’t all offer single billing, many do, and that can make your monthly accounting easier.

Other benefits can be with claims. Some carriers offer benefits with a single deductible, when there’s a claim that involves both your home and your auto, there can be a single deductible option that comes into play.

Watch this video to learn more:

https://youtu.be/eumTKdaqVkQ 

Click here to learn more about bundling and saving!

 

 

 

Telematics Insurance

Telematics Insurance Is a Usage-based Coverage That Uses In-car Monitoring Devices To Adjust Rates Based on Policyholders’ Mileage and Driving Habits

Guides Auto TeamWritten by: Laura Shaughnessy, Senior WriterEdited by: Rashawn Mitchner, Senior Editor

12/18/2022 7:02 PM

 

Many of the best car insurance companies offer telematics programs, but no two are exactly alike. In this guide, we at the Guides Auto Team will explore the different kinds of telematics and usage-based insurance options available today.

What Is Telematics Insurance?

Telematics insurance is also called usage-based insurance, pay-as-you-drive insurance or pay-per-mile insurance. The central idea is that you can get a discount on your car insurance if you are safer than the typical driver (or if you drive fewer miles than average each year).

How Does Telematics Insurance Work?

Telematics car insurance programs collect data to rate your driving safety and/or track your mileage. The programs collect data related to how you drive, when you drive and where you drive to calculate your risk level. If you pose a lower risk of accident than the average driver, you can save money on your auto insurance premiums.

Vehicle Telematics

No matter the type of telematics program, insurers track policyholders’ driving behavior in real time. In some cases, you can pick the telematics technology that you would like to use. Keep in mind that different devices can track different things. For example, a smartphone app can track your phone use while driving, but a plug-in device cannot.

The whole article is available at: https://www.marketwatch.com/picks/guides/insurance/telematics-insurance/

Watch this video to learn more:

https://youtu.be/HDyzEbWIuEQ

 

Click here to learn more about telematics!