1. “Young Drivers Will Pay More, Guaranteed.”
Drivers under age 25 pay significantly higher rates than older drivers on average, and it usually takes around three years of driving to qualify for a lower insurance rate.
2. Your Car is Worth Less After an Accident, Even After Repairs.
Once your vehicle is involved in an auto accident, more than likely, it will be worth less than it was immediately before the accident happened.
For more information on settling your property damage claim, download our full Report, The Do It Yourself Guide to Settling Your Property Damage Claim.
3. “I May Encourage You To Buy The Policy That Gives Me The Highest Commission.”
Many insurance companies offer commissions to agents who sell their policies, which may lead to an agent suggesting the policy that provides the agent with the best return.
For more information on types of coverage you need, download our full report on Purchasing Automobile Insurance in South Carolina.
4. If your car is Totaled, You May Not Get Full Value for the Vehicle.
Although most consumers are familiar with Kelley Blue Book or Edmunds, many insurance companies do not use these values in determining the total loss value of a vehicle. Many hire claims service companies to assess the value of the vehicle based on local comps.
For more information on settling your property damage claim, download our full Report, The Do It Yourself Guide to Settling Your Property Damage Claim.
5. “We Own The Repair Shop.”
Most insurance companies each have their list of preferred repair facilities, which helps them to cut costs and could mean shortcuts in repairs for your vehicle. Allstate went so far as to announce it was buying a chain of repair shops in 2001.
For more information on settling your property damage claim, download our full Report, The Do It Yourself Guide to Settling Your Property Damage Claim.
