Everywhere you look, insurance advertisements are vying for your time and attention. Off the top of your head, you could probably name several insurance companies and the slogans, campaigns, or special features they advertise. With so much insurance ‘noise,’ how are you supposed to know which company is best for your interests? In this post, we hope to shine a light on the sometimes complicated world of insurance and explore some of the most frequently advertised features.
Bundle and Save
Right out of the gate we have the Bundle-and-Save discount, a benefit often seen on Progressive Insurance commercials. It is also featured in the advertisements of other insurers, although by different names. Put simply; bundling discounts are savings insurance companies are willing to dole out to drivers who purchase other lines of coverage, such as home or renter’s, in addition to car insurance. Some may even extend bundling discounts to other types of coverage, such as motorcycle or RV insurance.
Who will you call if you get stuck on the side of the road? Flat tires, lock-outs, and dead batteries never seem to happen at convenient times, and they can sometimes leave drivers and their passengers in vulnerable situations. Liberty Mutual often advertises its Roadside Assistance coverage, which provides 24-7 assistance. However, nearly all insurers offer some version of roadside assistance, which can be added to your policy at an additional charge.
Name Your Price Tool
For better or worse, the Name Your Price Tool exists to help drivers find ways to lower the cost of insurance. Progressive’s commercials make this tool seem beneficial, but the truth is it presents drivers with some potentially risky scenarios. If a user does not like the price Progressive quotes for coverage, he can use the tool to see how the premium is affected by various adjustments. Some, such as a higher deductible, are valid ways of lowering prices. Others, such as reducing or eliminating coverage, could increase the risk of a major financial loss.
Instead of setting a price and hoping for the best, always make sure a hands-on, independent agent is looking over your policy and comparing it against your actual coverage needs.
Safe Driving Bonus Check
We’ll round out part one of our post with the Safe Driving Bonus Check offered by Allstate. You may have seen this feature advertised in commercials, promising you a check for driving safely and remaining accident-free every six months. Of course, the commercials often leave out important information about this program, such as the fact that it costs money to enroll and the checks are only worth a maximum of five percent of the paid premium. Furthermore, drivers typically need good credit and a good driving record to qualify.
Regardless, many drivers still flock to this program because they enjoy being rewarded for safe driving habits. However, many other insurance companies also offer discounts for accident-free driving. We here at Stauffer-Klug Insurance know how to procure valuable safe driving discounts on behalf of our customers from a wide range of insurance providers. Give us a call if you are interested in lowering the cost of your coverage by remaining accident-free over time.
Continue reading part two of our post Advertised Insurance Features.