Get a Virginia FR44 Auto Insurance Quote with Lyles Insurance Get a Virginia FR44 Named Operator Quote with Lyles Insurance Call me for a Quote Transcription – FR44 Slide 1 : Hello! I'm Dan Lyles with Lyles Insurance. And in this video, I'm going to help you in understanding Virginia FR44 auto insurance filings. We're going to go over what an FR44 filing is. The type of auto insurance policy you need to attach it to. And also, I'll give you some pointers about how to find the best rate. Slide 2: First of all, what is an FR44 filing? You probably haven't seen too much about it because Virginia's only one of two states that have FR44’s. But an FR44 is not auto insurance. It simply attaches onto an auto insurance policy. And what that filing does. It's a guarantee to the Virginia state DMB that you're carrying at least double the state minimum in auto insurance liability coverage, which is 50/100/40. So if you need an FR44 filing, you're going to have to choose a liability level of coverage at least that high. Slide 3: When it comes to Fr44 filings, there's good news and bad news. Here's the good things it does for you. Once you take out an auto insurance policy with an FR44 attached, the company will notify the Virginia DMV electronically that you've taken out an auto insurance policy that contains at least double the state minimum liability limits. Once the DMV processes your FR44, your license will then be reinstated (assuming you've paid all your fines and met other reinstatement requirements that you may have had). Slide 4: But now, here's the bad news about an FR44 filing. It acts as what I call a “tattletale”. That's the easiest way to understand it. Once your policy is no longer active, the auto insurance company is required by law to notify the Virginia DMV that your policy has either lapsed, cancelled or expired. Once this happens, your license gets suspended again until you reinstate your old policy, or start a new one with another FR44 attached. Slide 5: Now this is the part that's really important about how to set up your policy. And it's very simple. If you own a vehicle or have a vehicle registered in your name, you need to attach your FR44 filing on to a regular auto insurance policy. Now, for those of you who are trying to get your license back but don't yet own a vehicle, what you'll need to do is take out what's called a Named Operator's auto insurance policy. It's also known as a non owners policy. Either one will attach an FR44 filing and get your license back. Slide 6: Finally, let me give you a quick pointer about how to find the lowest rate regarding FR44 filings. When it comes to FR44’s, you're going to find that auto insurance companies tend to fall into one of three categories. Number one, they don't write FR44 filings at all. Number two, they will write FR44 filings, but they charge you an arm and a leg for it. Or the third category, which is what you're looking for, is the companies that tend to go easy on FR44’s and drivers who have dings on their driving record. The most efficient way to find this is to quote with an independent agent that specializes in high-risk auto insurance. That way you can get quotes with multiple companies at once instead of quoting with just one company at a time. So I hope you've learned what you need to know about the basic understanding of an FR44 filing. Thanks and have a great day! Link from video: SR22, FR44 Insurance Page Related Blog Articles: Video: Virginia FR44 Auto Insurance FAQ's
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Transcription: Hello! I’m Dan Lyles with Lyles Insurance. And in this video, we’re going to go over 8 common auto insurance tv advertising pitches, and more importantly, I’ll go over the details that the commercials don’t tell you. It’s not that these sales pitches are false. It’s just that they don’t tell you the whole story. 1. “Cut rate auto insurance won't cover this”. You see plenty of these commercials where vehicles get damaged in these crazy freak accidents. The spokesperson loves to mention how cut-rate auto insurance wouldn't cover your vehicle for such a freak accident. But here’s what they don’t tell you: What he's referring to regarding cut-rate auto insurance simply refers to the level of coverage you have selected. In particular, Comprehensive and Collision coverage. However, these commercials seem to imply that “cut-rate auto insurance” has more to do with the quality of an auto insurance company. But the fact is, it has to do with the coverage you select, not the company. Comprehensive and Collision coverages are both optional. No matter which auto insurance company you decide to go with, you make the decision of whether or not to add those coverages on your vehicle. So it's not a situation of where one company can offer you better coverage than anyone else can as the commercial implies. 2. “15 minutes could save you 15% on your auto insurance”. It is recommended that you should shop around for better auto insurance rates at least once every two years. But very few drivers do so. So as the pitch says, “15 minutes could save you up to 15% on your auto insurance”, it is very possible that this is true. But here’s what they don't tell you: The same would be true with any auto insurance company you shop around with. Not just the company pitching the commercial. So why just shop one around one company at a time? It’s not time efficient. 3. Get an “Anonymous” auto insurance quote. I can see where this ad is very attractive to people. Because people are sometimes really hesitant about giving personal information online. But here’s what they don’t tell you: “Anonymous” quotes are almost NEVER accurate! 92% of auto insurance companies use credit at least to some degree as a rating factor. And so if they don’t know who you are, there is no way they can accurately gage your credit score. And therefore your quote’s going to be off. If you’re not giving your real information, then you’re not going to get an accurate quote. And you’re wasting your time. 4. Accident forgiveness. Accident forgiveness is actually a good thing to have on your policy. But here’s what they don't tell you: There are plenty of auto insurance companies who will offer accident forgiveness, not just the companies you're seeing the TV ads for. And also, your driving record has to be completely clean besides the accident. After that, if you get even one minor violation, they will nail you on it! And you’ll find out they’re not as forgiving as they claim to be. 5. Disappearing deductibles. Deductibles are your out-of-pocket expense for those of you who carry Comprehensive and Collision coverage on your policy. And some companies will offer “Disappearing Deductibles”, in which you pay a little extra each month, and your deductible will decrease by a certain percentage each time you complete a policy period without filing a claim. Until eventually, you get down to a zero deductible. But here’s what they don't tell you: If you do the math, you’re probably better off selecting a lower deductible to begin with. Now there may be an exception if you have a high deductible, such as a thousand dollars or more. But in most cases, disappearing deductibles really isn’t worth the extra premium. 6. Discount double-check It's always a good idea to occasionally review your policy to see if you qualify for any more discounts that you're not currently getting. But here’s what they don’t tell you: You can do this with just about any auto insurance company. I don’t know any auto insurance company that you couldn’t do that with. So really, discount double-check is more of a marketing buzzword than anything else. 7. New car replacement coverage. This refers to brand-new vehicles or nearly brand-new vehicles. If you select new car replacement coverage, you will be paid more than simply the market value if you happen to total your new car. This is great coverage to have for a new vehicle. In fact, it prevents you from going underwater on a car loan should you total a new vehicle. But here’s what they don’t tell you: Most auto insurance companies have this coverage offered anyways for newer cars. Some may call it gap insurance, other companies call it total loss replacement coverage. But they all mean about the same thing. 8. “Save up to $789 per year on your auto insurance by switching to ______ “. It’s possible to save that much in some rare cases (and sometimes even more). But here’s what they don’t tell you: Much like I just picked that 789 figure at random, many auto insurance companies are simply pulling those figures out of their ass! They know very well that only a very small percentage of drivers will ever come close to seeing that much savings. They use those padded savings numbers just to reel you in, hoping they can beat your current rate by $10-20 a month or so. Also, the ad calls for you to shop one auto insurance company at a time. That is a very time consuming and inefficient way for you to shop for auto insurance. You’re much more likely finding your best rate through an independent agent who can quote you with multiple companies at once. Summary: So there you have it! You probably noticed a common theme with many of these sales pitches, in that the auto insurance companies seem to imply that their company is the only one who offers such a benefit or a discount or whatever. And a lot of those same companies, they like to use star athletes, actors, cute little animals. Just understand that it's all a game of marketing. That's all it is. I hope you learned something from this. Thanks, and have a great day! Link from video: Auto Insurance Page Related Blog Articles: Video: Understanding the Auto Insurance Expiration/Renewal Process Video: How Auto Insurance Companies Differ in Calculating Rates Video: Key Auto Insurance points to know when buying a car Transcription: Slide 1: Hello! I'm Dan Lyles with Lyle's Insurance. And in this video, we're going to go over the basics of a snowmobile insurance policy. Slide 2: There are five major parts to snowmobile insurance, and they're the same five components as what you would see in an auto insurance policy. They are liability coverage, uninsured and under-insured motorist coverage, medical payments coverage, comprehensive coverage, and collision coverage. We're going to go over each one. Slide 3: Liability coverage is required on nearly every snowmobile insurance policy, plus many states require liability coverage on snowmobiles. This applies when you're at fault in an accident and caused injuries and/or property damage to others. So in other words, liability coverage pays the “other guy”. Slide 4: Uninsured and Under-insured Motorist coverage applies when another driver hits you, and they are at fault, and they either do not have liability coverage like they're supposed to be carrying, or they don't have enough liability coverage to cover all of your injuries or property damage. That's where either one of those kick in. Slide 5: For medical coverage, different states use different terms. Some states call it medical payments Coverage. Some states call it medical benefits coverage. And other states call it personal injury protection. Just remember they all mean about the same thing. They cover you and your passenger for injuries in an accident regardless of who was at fault. Slide 6: The last two parts of a snowmobile insurance policy kind of go together. Comprehensive and Collision coverage, you hear many people refer to having both as having “full coverage”. I personally don't like that term because it's misleading. But when you hear somebody say they have full coverage, what they mean is they have both comprehensive and collision coverage on their policy. They’re the actual parts that make up the physical damage coverage on your snowmobile. And the best way to learn it is to remember it backwards. Collision coverage pays for damage when you're in an accident. Comprehensive covers everything else. Examples of comprehensive: theft, fire, vandalism, weather damage, hitting a deer, things like that. Slide 7: If you choose to take out comprehensive and collision coverage on your snowmobile, it's important that you understand how deductibles work. Deductibles are your out-of-pocket expense if you ever have to file a comprehensive or collision claim. And the way it works is, it pays for damages up to the value of your snowmobile minus whatever deductible you took out. So for example, let's say you have a claim that's two thousand dollars worth of damage, and you have a five hundred dollar deductible. Your claim is going to pay out fifteen hundred, the difference. And so deductibles have an inverse relationship with price. Meaning the lower deductible the higher the premium, and vice versa. Slide 8: Finally, here's a quick tip about helping you find the best snowmobile insurance rate. It's going to be very time consuming if you try to get a quote one company at a time. What I would suggest is to go through an independent agent who has multiple snowmobile insurance companies. That way, you can get several prices at once. This is the most efficient way and probably your most likely way to find the best rate. I hope this video has taught you what you need to know about the basics of snowmobile insurance. Thanks and have a great day! Link from video: Snowmobile Insurance Page Transcription: Slide 1: Hello! I'm Dan Lyles with Lyle's Insurance. And in this video, we're going to go over the basics of a motorcycle insurance policy. Slide 2: There are five major parts to motorcycle insurance, and they're the same five components as what you would see in an auto insurance policy. They are liability coverage, uninsured and under-insured motorist coverage, medical payments coverage, comprehensive coverage, and collision coverage. We're going to go over each one. Slide 3: Liability coverage is required on all policies in all states. It applies when you're at fault in an accident and caused injuries and/or property damage to others. So in other words, this coverage pays “the other guy”. Slide 4: Uninsured and Under-insured motorist coverage applies when another driver hits you. And they are at fault. And they either do not have liability coverage like they're supposed to be carrying, or they don't have enough liability coverage to cover all of your injuries or property damage. That's where either one of those kick in. Slide 5: For medical coverage, different states use different terms. Some states call it medical payments coverage. Some states call it medical benefits coverage. And other states call it personal injury protection. Just remember that they all mean about the same thing. They cover you and your passenger for injuries in an accident regardless of who was at fault. Slide 6: The last two parts of a motorcycle insurance policy kind of go together. Comprehensive and Collision coverage, you hear many people refer to having both as having “full coverage”. I personally don't like that term because it's misleading. But when you hear somebody say they have full coverage, what they mean is they have both comprehensive and collision coverage on their policy. They’re the actual parts that make up the physical damage coverage on your motorcycle. And the best way to learn it is to remember it backwards. Collision coverage pays for damage when you're in an accident. Comprehensive covers everything else. Examples of comprehensive: theft, fire, vandalism, weather damage, hitting a deer, things like that. Slide 7: If you choose to take out comprehensive and collision coverage on your motorcycle, it's important that you understand how deductibles work. Deductibles are your out-of-pocket expense if you ever have to file a comprehensive or collision claim. And the way it works is, it pays for damages up to the value of your motorcycle minus whatever deductible you took out. So for example, let's say you have a claim that's two thousand dollars worth of damage, and you have a five hundred dollar deductible. Your claim is going to pay out fifteen hundred, the difference. And so deductibles have an inverse relationship with price. Meaning the lower deductible the higher the premium, and vice versa. Slide 8: Finally, here's a quick tip about helping you find the best motorcycle insurance rate. It's going to be very time consuming if you try to get a quote one company at a time. What I would suggest is to go through an independent agent who has multiple motorcycle insurance companies. That way, you can get several prices at once. This is the most efficient way and probably your most likely way to find the best rate. I hope this video has taught you what you need to know about the basics of motorcycle insurance. Thanks and have a great day! Link from video: Motorcycle Insurance Page |
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia.. Archives
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