Transcription Slide 1: Hello! I'm Dan Lyles with Lyles Insurance. This video is about comparing classic car insurance costs and coverage versus a regular auto insurance policy. Slide 2: Most of you will have two options as far as getting insurance on your classic or antique car. Number one, you can simply insure it on your regular auto insurance policy, just like you do your everyday use vehicles. Or you can go with option number two, which is to put insurance on it from a stand-alone classic car insurance policy. And believe me, number two is the much better option. And in this video, I'm going to explain why. Slide 3: So let's start with coverage comparisons. There's five major reasons why classic car insurance beats a regular auto insurance policy. Number one, a classic car insurance policy pays claims on an agreed value coverage basis. Meaning you know upfront if you total your vehicle exactly how much you would be getting, because it’s stated right on the policy. A regular auto insurance policy only pays market value, which is known as actual cash value. That's not nearly as good, and you can get undercut that way. Number two, zero deductibles. Deductibles of course are your out-of-pocket expense. A classic car insurance policy is always going to offer zero deductibles, where auto insurance companies rarely do. And if they do, they charge a lot more for them. Number three is one liability charge. This only applies to people who have more than one classic vehicle. However, if that applies to you, that's a big money saver by not charging you liability charge for every vehicle on your policy like a regular auto insurance policy would. And number four, classic car insurance companies use claims adjusters who specialize in classic vehicles. A regular auto insurance company does not have that kind of expertise regarding classic cars. And finally, number five, you have a lot more flexibility choosing body shops with a classic car insurance policy. Slide 4: As far as qualifying for classic car insurance, it's very easy. There are only three things. Number one, your vehicle must be at least 25 years old (unless it's an exotic vehicle). Number two, it can't be a regular use vehicle. They understand you're going to drive these vehicles on occasion for things such as car shows, parades, occasional joy rides, things like that. But they don't want to see your vehicle used every day. And number three, you can't have any serious violations on your driving record. Minor tickets are okay. But they don't want to see things such as DUI’s or reckless Op’s on your record. Slide 5: Now, let's compare premiums between the two types of policies. And here's the good news as far as classic car insurance is concerned: Is that the premium is about the same if not less than regular auto insurance, even though the coverage is a lot better. They know you're going to be driving these vehicles less often. And less use equals less risk equals less premium. So it kind of offsets the increase of having the better and higher levels of coverage. Slide 6: I hope you've learned something from watching this video as far as classic car insurance. If you would like some more information, I've posted a link to my classic car insurance web page. And also, for those of you who live in Ohio, Indiana, Michigan, Pennsylvania, Virginia or West Virginia: If you would like me to run you a classic car insurance quote, I've also provided a link to a quote page. Fill that out, I'll find you the lowest rate I can for a good classic car insurance policy, and get back with you with prices. Or if you have any questions, I've also posted my phone number. Give me a call. I'll be happy to answer any questions you have. Thanks! And have a great day!
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Transcription Slide 1: Hello! I'm Dan Lyles with Lyles insurance. And this video is a buyer's guide for insurance on figurines and action figures. I know that many of you are building up a valuable collection and need collectible insurance coverage. And this video is going to help you with what you need to know. Also, I've included some really cool pictures that I hope you enjoy. Slide 2: As collecting figurines and action figures continues to gain in popularity, their value of course continues to go up. And finding insurance on figurines and action figures becomes more important, just like it would be for insuring any type of collectible. Slide 3: And likewise, it's important to insure figurines and action figure collections that have high value, just like it's important to insure any type of property with high value. However, when you insure collectibles, you've got to do so properly/ And that involves making the right choices versus making the wrong choices. If you're not aware of the pitfalls to look out for, it's easy to make the wrong choice. Slide 4: First, let's go over the wrong way to insure collectible items. Insuring collectibles as attached scheduled items on a homeowners or renters insurance policy has many shortcomings. And this is where most people make the mistake. There are several problems with an attached policy. It has exclusions that are not found on a good collectibles policy. They only pay claims on an actual cash value basis, meaning just its market value. It almost always has a deductible. Very few policies will ever offer a zero deductible policy if it's attached to another policy. And it doesn't offer additional coverages that a good collectibles policy does. Slide 5: So now let's go over the right way to insure collectibles. A standalone exclusive collectibles policy offers much better coverage than one that's attached to another policy. And like I mentioned before, there is little to no difference in premium between a good policy and a lousy one. So it makes it a no-brainer to go with better coverage for about the same price. Slide 6: Here are some reasons why an exclusive collectibles policy beats an attached policy. It pays claims on an agreed value coverage basis, which means you know up front exactly what your items are being insured for. It offers zero deductible option, which of course is your out-of-pocket expense. It does not have those crazy exclusions that you'll see on an attached homeowners or renters policy for collectibles items. They offer extra types of coverage that you won't get on an attached policy. And you don't have those maximum coverage limits like many attached policies do. Slide 7: Now there are several very good companies out there who will offer standalone collectibles insurance with the right coverages for the right price. My personal favorite happens to be American Collectors Insurance. Now I'm a little biased because my agency has carried them for several years. But I'm very happy with them. They're the leading company in collectibles insurance. And they offer all the top coverages for very little premium. And as you see here, the yearly premium is usually less than 1% of the total insured value. Slide 8: Here are some other major benefits of insuring with American Collectors Insurance. First, they have excellent claims handling service by people who specialize in collectibles. They don't require appraisals where most collectors companies do. They offer inflation guard protection in which your actual agreed value coverage increases yearly. This is a big one because it helps offset inflation. And it will also help if you have an item that appreciates in value. And they cover things that a lot of attached lousy policies won't cover. Examples include accidental breakage, fire, flood, theft, hurricane, earthquake and other things. You've got to look on the policy to see what's covered and what's not to really tell the difference between a good policy and a lousy one. And also, American collectors insurance provides coverage while your items are being shipped, stored outside of your residence, or used for special occasions. Slide 9: If you'd like to learn more about figurines and action figures insurance, I've included a link to my web page for collectibles. And also if you live in the states of Ohio, Indiana, Michigan, Pennsylvania, Virginia or West Virginia, and would like to get a quote. I will be more than happy to help you. I've also included a link to get a quote that I will handle personally and privately. And I've also included my phone number here. Slide 10: Before we finish, I'd like to give a big shout out and thank you to my good friend Ryan Bussey. Who was nice enough to let me use some pictures from his store. I've tried to include them on different slides just to give you a little bit of eye candy. But I really suggest you check out his website hyveofvillainy.com. Especially if you're into evil action figures or anything related to counterculture. Ryan has a huge inventory. And if you visit his site I'm sure you're going to find something you'd like to pick up for yourself. So I hope you've learned something from this video. And thanks for watching. Have a great day! Transcription: Slide 1: Hello! I'm Dan Lyles with Lyles Insurance. And in this video, we're going to cover a very often asked question: Should I carry Comprehensive and Collision coverage on my auto insurance? Slide 2: As you can see here, there are five major parts to an auto insurance policy. And Comprehensive coverage and Collision coverage kind of work hand-in-hand as the fourth and fifth parts. Slide 3 : Comprehensive and Collision coverage together provide the physical damage coverage on your vehicle. Now, while these are both optional coverages, if you finance your vehicle, your bank is going to require you to carry both Comprehensive and Collision coverage until your loan is paid off. Slide 4: So now, let's go over what Comprehensive and Collision actually covers. And the best way to understand it is to learn it backwards. Collision coverage pays for damage to your vehicle from an accident. Whether it be just a two-car accident, a one car where maybe you ran off the road and hit something and damaged your vehicle, or multi vehicle accident. Anything like that is under Collision coverage. Comprehensive coverage, which is also known as “Other than Collision” coverage in some states, it pays for damage to your vehicle for just about anything else. Examples include theft, fire, vandalism, weather damage, hitting a deer, things like that. They both pay for damages to your vehicle up to its market value minus whatever deductible you choose. Slide 5: So now let's dive into the question: Should I carry Comprehensive and Collision coverage? And this applies whether you already have Comprehensive and Collision coverage on one or more of your vehicles. Or if you're looking for a new policy and a vehicle to insure. The main thing to remember is that the coverage amount offered on both Comprehensive and Collision coverage will slowly drop over time as your vehicle depreciates in value. And this leads to much debate about when is the right time to drop or pass on it. Some suggestions you might hear people say, is to drop it as soon as you've paid off a car loan. Some say when your vehicle reaches a certain age or whether your vehicle(s) market value drops below a certain amount. Keep in mind there isn't a right or wrong answer. My suggestion is to do the math and decide for yourself. And I'm going to help you with that. Slide 6: Before we get into doing the math, it's important that you understand how deductibles work. Deductibles are your out-of-pocket expense whenever you have a Comprehensive or Collision claim. Let's suppose for example that you have damage that costs two thousand dollars to repair: If you have a 250 dollar deductible, a claim would pay out $1,750 (2000 - the 250). Same with the $500 deductible. A claim would pay out $1500. Or, if you had a thousand dollar deductible, the claim would pay out a thousand. So deductibles have an inverse relationship with price. The higher the deductible, the lower the premium (but of course that also means more out-of-pocket money if you have a claim. And vice versa, the lower the deductible, the higher the premium. Slide 7: The best way to determine whether to keep or drop Comprehensive and Collision coverage is to simply do the math and decide for yourself. In order to do that, you just need to know three variables: the market value of your vehicle. What deductible you are carrying. And also, find out how much extra premium that you're paying just on the Comprehensive and Collision parts, and add those together. Slide 8: So to do the math, you simply take the cost of premium for Comprehensive coverage. Add that to the cost of premium for Collision coverage. And compare the total with the market value of your vehicle minus the deductible. This will allow you to answer two key questions: Number one, How long would it take of paying the extra premium to equal the market value minus the deductible on your vehicle? And number two, If you were to drop Comprehensive and Collision coverage, could you afford to replace your vehicle if you were to total it? And again, there are no set right or wrong answers to this question. This is something you need to decide for yourself. Slide 9: I hope this video has helped you understand the thought process of comparing whether or not it's worth it to keep or drop Comprehensive and Collision coverage. If you have any questions, I'll be happy to help you. I've posted links to my auto insurance web page, my email address, and my phone number. And if you would like for me to personally run you a quote, and you live in Ohio, Indiana, Pennsylvania, Michigan, Virginia or West Virginia, click on and fill out the quote link below. And I'll be happy to run you a quote and get back to you with prices. Thanks for watching. And have a great day! Link from video: Auto Insurance Page Related Blog Articles: Video: Key Auto Insurance Points to know when buying a car Video: Why State Minimum Liability Auto Insurance Coverage Sucks! Video: Late Payments on Auto Insurance and How it Hurts your rates Video: SR22 Auto Insurance: Going from a DUI to license reinstatement Video: Uninsured Motorist Coverage Explained Transcription Slide 1: Hello! I'm Dan Lyles with Lyles Insurance. And in this video, I'm going to explain why anonymous online auto insurance quotes are useless. Slide 2: I'm sure you've seen ads from some auto insurance companies using the buzz phrase “get an anonymous online quote” in their commercials. But are those anonymous quotes all that they're cracked up to be? Slide 3: If you look at how auto insurance companies calculate rates, you're going to find two major problems with anonymous quotes. Number one, they are very inaccurate. Without knowing who you are, the best they can do is a ballpark guess. There's no way to get a quote accurately without knowing your identity. Number two, it's very inefficient. Because by getting an anonymous quote, you're only quoting with one auto insurance company at a time. Slide 4: There are two major reasons why anonymous quotes are not accurate. Number one being credit. Almost all companies use credit at least to some degree as a rating factor. If they don't know who you are, it's nearly impossible to gauge that score accurately. Even if you monitor your credit closely and know your FICO scores, remember the auto insurance companies weigh credit differently than what a credit card company would or what a loan company would, and they're not really relevant. The second reason is CLUE factor. And CLUE is simply a report of your insurance policy and claims history. Again, if they don't know who you are, that becomes irrelevant as well. So what happens is, you'll get this low rated quote. And then when you go to buy a policy, all of a sudden at the last minute, it'll jump way up. I've seen this happen so often with anonymous quotes. Slide 5: I quickly want to go over privacy and efficiency concerns because they're both very important also. Privacy concerns: We always hear about companies getting hacked. The good news about auto insurance is, if you avoid a couple things, you're going to avoid the vast majority of your problems. Number one: Stay away from lead generation sites! I'm going to talk more about that on the next slide. And number two, make sure you're getting an online quote from a secured website, which is easy to do now because all browsers show whether or not the website is secure. Efficiency concerns: This helps you with prices. And the best way to do is to get a quote from an independent agent. Because they have more than one company that they can quote you with at once. And this gives you the best chance of getting the best rate. Slide 6: As far as lead generation sites and why they are so bad, you’ve got to understand how they operate. They look almost exactly like any typical insurance agency website, or any auto insurance company's website. The only difference is they don't sell auto insurance at all. They just take your information and then sell them to other auto insurance agents. And the problem is, a lot of them are shady and sell to dozens of agents at once. And so when this happens, your phone just blows up! And that's where the privacy comes into play. You don't know with that many people who they're selling them to. And the easy way to spot these sites is what I call look for a “NAP”, which is name, address and phone number. That's the easy way to bust these sites out. Any legitimate agency or company is going to have their name, address and phone number displayed prominently on their website. If it's not on their homepage, it'll be on their “About Us” page. But that's a good way to tell the difference between a legit site and one of these phonies! Slide 7: I hope by now that I've talked you into not getting an anonymous online auto insurance quote for the reasons I've mentioned. But if you'd like some more information about auto insurance, visit my website. I've got an auto insurance page that I've included a link to. And also my blog, which I've included a link to. Which has a couple hundred articles and quite a lot of videos like this one. And also, for anybody living in Ohio, Indiana, Virginia, Michigan, Pennsylvania and West Virginia: If you'd like to have me personally run you a quote, I've also included a link to where you can fill out an online quote. And I'll get back with you with prices. Thanks for watching and have a great day! Link from video: Auto Insurance Page Related Blog Articles: Video: The best way to buy auto insurance online Video: Car Insurance with a Speeding Ticket: Shopping around is a must! Video: Why you shouldn't buy auto insurance directly from a company Why is there a cancellation notice on my auto insurance bill? Should I choose a six or twelve month auto insurance policy? Transcription: Slide 1: Hello. I'm Dan Lyles with Lyles Insurance. And in this video, we're going to help drivers who need auto insurance but don't own a vehicle. As you're probably aware, you can't buy regular auto insurance unless you have a vehicle to insure. So if you need insurance, how do you do so without a vehicle? This video is going to help you with that. Slide 2: Why would a driver who doesn't own a vehicle need auto insurance? Well, there's a couple reasons. Sometimes it's an employment requirement. But most often it's because a driver needs a state filing, which is usually an SR22. Virginia drivers also have FR44 filings, and Indiana drivers sometimes see SR50 filings. And what happens is, when a driver gets their license suspended, the state motor vehicle bureau will require them to carry one of those filings for three years. And this reinstates their license and keeps it valid. None of these filings are actually auto insurance. They're just a state filing that attaches onto an auto insurance policy. So if you don't have a vehicle to insure on a regular policy, your best option is to buy what's called a Named Operator auto insurance policy. It's also known as a non owner’s policy. And any of the above three state filings will attach onto it. Slide 3: Let me briefly go over the basics of a named operator auto insurance policy. It's a special type of policy that only offers secondary coverage, meaning it's not primary auto insurance like a regular auto insurance policy is. So when you drive someone else's vehicle, their regular auto insurance policy is your main coverage. A named operator policy only pays out on a claim if the owner’s auto insurance policy didn't have enough coverage to pay for all the damages. A named operator policy also does not offer any coverage on a vehicle that you own, or any vehicle owned by anyone in your household. Slide 4: Coverage is limited on a named operator policy. Unlike a regular auto insurance policy which offers five major parts, a named operator policy only offers three of them: Which is liability coverage, uninsured or under-insured motorist coverage, and medical payments coverage. The two major parts of an auto policy that a named operator policy does not offer is Comprehensive and Collision coverage. Which of course some people put together, call it full coverage. It's the actual physical damage coverage on the vehicle you're driving. That's not available on a named operator policy. Slide 5: As I mentioned earlier, a named operator policy won't cover you driving your own vehicle. So what happens if you take out a named operator policy and then later on buy a vehicle? Well, the good news is that a named operator policy can easily be converted into a regular auto insurance policy once you have a vehicle to insure. It just takes a few minutes and a call to your agent to get it taken care of. And if you need a state filing, it won't affect your filing in any way. Slide 6: So where do you find a named operator policy? Because not all companies offer them. The best place to look is an independent auto insurance agent who has multiple companies to quote you with. That will save you the trouble of shopping around for the lowest rate. Let them do the dirty work for you. And for those of you who live in Ohio, Indiana, Virginia, Michigan, Pennsylvania or West Virginia, if you'd like a quote, I will be very happy to help you or answer any questions you have. I've put a link to my website for named operator insurance there at the bottom. Or if you'd rather give me a call, I've also included my phone number. Thanks for watching. And have a great day! Link from video: Named Operator Page Vehicle Owners: Get an FR44 Auto Insurance Quote with Lyles Insurance Non-Owners: Get an FR44 Named Operator Quote with Lyles Insurance Call me for a Quote Transcription: Slide 1: Hello! This is Dan Lyles from Lyles Insurance. And in this video we're going to cover a very common question: What is Virginia FR44 auto insurance? Slide 2: So first, what is an FR44 filing? Contrary to popular belief, it is not auto insurance. An FR44 is simply a state filing that attaches onto an auto insurance policy. And it's for drivers who have a suspended license, but they need to get their license reinstated. Slide 3: As far as the purpose of FR44 filings, it lets the Virginia DMV know that you're carrying active auto insurance liability coverage. Once the DMV processes your FR44, your license will be reinstated (assuming you met all other requirements). And it will remain valid as long as you keep this policy active. For most of you, not everyone, but the vast majority of you, you’ll be required to carry an FR44 for three years. Slide 4: Here's the bad news about an FR44 filing. If you ever cancel or lapse on that policy. the auto insurance company is required by law to notify the Virginia DMV. And the way I like to explain it is they're required to “tattle” on you, telling them that you cancelled your policy. Once that happens your license will be suspended again until you either reinstate the old policy, or buy a new one with another FR44 attached. Slide 5: It's important that you select the right level of liability coverage when you need an FR44 filing. In Virginia, the state minimum liability limit is 25/50/20. However, when you need an FR44, you've got to carry at least double that, which is 50/100/40. If you'd like more information about what those numbers mean, I've posted a blog article that I wrote which explains it more thoroughly at the bottom. Slide 6: It's very important that you attach your Fr44 onto the right type of policy. And it's real simple. If you own a vehicle, just take out a regular auto insurance policy with a company that writes FR44 filings, and attach it on to that. It's that simple. Now, if you don't own a vehicle, you'll need to take out what's called a named operator or non owners policy. Either way the FR44 will attach on to get your license back. Slide 7: Now there is a second option if you own a vehicle. Some drivers choose to pay for two separate policies at once. They'll take out a regular auto insurance policy without the Fr44 just to insure their vehicles. And then they'll take out a named operator, non-owners policy and put the Fr44 onto it just to keep their license valid. There's nothing wrong with doing this. And for a small percentage of you, it's a good idea. But the vast majority of you need to forget about it because it usually comes out more expensive that way. Slide 8: So I hope you've learned from this video what you need to know about FR44 filings. If you have any questions, or you want to get a quote, I've posted links here to both my blog, which has several articles about FR44s. I've also posted online quote links for me to run you a quote personally, for both vehicle owners and non owners. Or if you'd like to just give me a call and talk to me personally, I've posted my number at the bottom. Thanks for watching and have a great day! Link from video: SR22/FR44 Auto Insurance Page Related Blog/Video Articles: Video: Virginia FR44 Auto Insurance FAQ's What is a Virginia FR44 Auto Insurance Filing? Video: Buyers Guide: Virginia FR44 Insurance Transcription: Slide 1: Hello! I'm Dan Lyles with Lyles Insurance. And in this video, we're going to go over the right way and the wrong way to insure your collectibles. Slide 2: It's important to insure your collectible items of significant value just like it's important to insure any type of property of significant value. However, when it comes to collectible items, insuring them properly involves making right choices versus making wrong choices. And if you're not aware of the pitfalls to look out for, it's real easy to make the wrong choice. And that's what this video is about, is to give you a heads up and let you know what those pitfalls are to look out for. Slide 3: First, let's go over the wrong way to insure collectible items. Insuring collectibles as attached scheduled items on a homeowners or renters insurance policy has many shortcomings. And this is where most people make the mistake. There are several problems with an attached policy. It has exclusions that are not found on a good collectibles policy. They only pay claims on an actual cash value basis (meaning just its market value). It almost always has a deductible. Very few policies will ever offer a zero deductible policy if it's attached to another policy. And it doesn't offer additional coverages that a good collectibles policy does. Slide 4: So now let's go over the right way to insure collectibles. A standalone exclusive collectibles policy offers much better coverage than one that's attached to another policy. And like I mentioned before, there is little to no difference in premium between a good policy and a lousy one. So it makes it a no-brainer to go with better coverage for about the same price. Slide 5: Here are some reasons why an exclusive collectibles policy beats an attached policy. It pays claims on an agreed value coverage basis, which means you know up front exactly what your items are being insured for. It offers zero deductible option, which of course is your out of pocket expense. It does not have those crazy exclusions that you'll see on an attached homeowners or renters policy for collectibles items. They offer extra types of coverage that you won't get on an attached policy. And you don't have those maximum coverage limits like many attached policies do. Slide 6: Now, there are several very good companies out there who will offer standalone collectibles insurance with the right coverages for the right price. My personal favorite happens to be American Collectors Insurance. Now I'm a little biased because my agency has carried them for several years. But I'm very happy with them. They're the leading company in collectibles insurance and they offer all the top coverages for very little premium. And as you see here, the yearly premium is usually less than 1% of the total insured value. Slide 7: Here are some other major benefits of insuring with American Collectors Insurance. First, they have excellent claims handling service by people who specialize in collectibles. They don't require appraisals where most collectors companies do. They offer inflation guard protection, in which your actual agreed value coverage increases yearly. This is a big one because it helps offset inflation, and it will also help if you have an item that appreciates in value. And they cover things that a lot of attached lousy policies won't cover. Examples include accidental breakage, fire, flood, theft, hurricane, earthquake and other things. You've got to look on the policy to see what's covered and what's not to really tell the difference between a good policy and a lousy one. And also, American Collectors Insurance provides coverage while your items are being shipped, stored outside of your residence, or used for special occasions. Slide 8: Here's a list of the items that American Collectors Insurance insures. It isn't all exclusive, but it's the vast majority of them. And as you see, that they're willing to insure a lot of things. You can see a lot on this list. Slide 9: As far as things that American Collectors Insurance does not insure, only a few things: jewelry, furs, furniture, fine art and also items that you use for commercial or business purposes. But other than that, they'll insure just about any other collector's item. Slide 10: So I hope you've learned what you need to know about insuring your collectible items properly. If you'd like some more information, I've listed my collectibles insurance webpage from my website on the top link. Or for those of you who live in the territory that I'm licensed in, which includes Ohio, Indiana, Michigan, Pennsylvania, Virginia or West Virginia, if you'd like for me to run you a quote, I'd be happy to do so. I've also provided a link to my quote form or I've also added my phone number, if you'd rather give me a call. Either way would be just fine. And I'll be happy to help you. Thanks for watching. And have a great day! Link from video: Collectibles Insurance Quote Transcription: Slide 1: Hello! I'm Dan Lyles with Lyles Insurance. And in this video we're going to go over 8 short-term ways to getting cheaper auto insurance. Slide 2: There are a few things drivers can do to lower their auto insurance rate. But they're simply not taking advantage of them. And so that's why I've provided this list of short term things you can do to lower your rate. And don't worry! I'm not going to ask you to make any major life-changing events. For example, I'm not going to suggest that you move to a smaller town, or buy a home, or get married, or something like that. These are all simple things that just about anybody can do fairly easy. Now, not all of these are going to apply to everyone. But they're all easy to do and can be done in about six months or less. Slide 3: So let's get started. And we'll start with one of the biggest money savers. Number one: Shop around! Don't be afraid to get quotes with other companies. This is one of the biggest money savers. But it's also one of the things that people neglect to do. Experts recommend that you should shop around at least every two years for cheaper auto insurance. But very few people actually do it. And remember that the more companies you quote with, the better your chances of getting a lower rate. And that's why it's very efficient to quote with an independent agent, where you get multiple company quotes at once instead of shopping around with just one company at a time. Slide 4: Number two: Pay for your policy in full. This is another big money saver, sometimes up to 20 to 30%. When you pay your policy in full you get the highest discount. Now I know that's a lot of money to save up at once sometimes. But it is the cheapest way to go. Now, if paying in full is not possible. Your second best option is to have your monthly payments automatically withdrawn, from like a checking account (some companies allow you to do it from your credit card). But at least that way would cost you less versus making monthly manual payments. Slide 5: Number three: Carry active auto insurance for at least six months without a lapse in coverage. By doing so, you get what's called a prior coverage discount. And depending on the company, can range from anywhere between a ten to twenty five percent savings, sometimes even more. Many companies will also give you more of a discount if you've had coverage a lot longer than six months. And some also give you a boost in the discount if you have higher levels of liability coverage than just carrying state minimum levels. Now, this is important. If you didn't have prior insurance before, make sure to re-quote again after you've had coverage for six months. That's when you're really going to see the savings come in. Slide 6: Number four is paperless discount. Now this is probably not as big of a money saver as the three I mentioned earlier. But it's still significant nonetheless. And it's very easy to do. All you need is an email address to sign up for a paperless discount. And documents that are not required by law to be sent through the mail, they'll go to your email instead. And just by doing so, you'll save several percent on your auto insurance. Slide 7: Number five: Is driver behavior discounts. This has to do with drivers who are low mileage drivers. If you drive a lot less than the average person, you're a prime candidate for this discount. Companies will use different methods depending on who your auto insurance company is. Some of them will have you use plug-in devices. Others you just install an app on your phone. Some just want to check your odometer on occasion. But nonetheless if you don't drive a lot of miles, you should seriously look into this. Because some of these discounts tend to be very significant. Slide 8: Number six: Is anti-theft device discount. If your vehicle has an anti-theft device, be sure to check with your agent to see if a discount is offered. And if so, make sure that discount is being applied to your policy. A lot of vehicles will qualify, but are not getting credit for it. Slide 9: Number seven: Is defensive or safety driving course discount. Many companies will offer a discount if you've taken a recent defensive driving course or safety driving course. If you or any of the other drivers on your policy have taken such a course, make sure to ask your agent about applying that discount. Slide 10: And finally, Number eight: Good student discount. If you have a young driver on your policy who gets good grades in high school or college, this discount is usually a big money saver. And you don't have to be a straight A student or valedictorian to qualify. Usually with most companies, a 3.0 GPA or higher, or a recent honor roll or Dean's List certificate is all that it takes to qualify. So I hope you've learned something that you might not have thought of before. Hopefully, you can save some money on your policy. Thanks for watching and have a great day! Link from video: Auto Insurance Page Related Blog Articles: Video: Late payments on auto insurance and How it hurts your rates Video: SR22 Auto Insurance: Going from a DUI to license reinstatement Video: Why you shouldn't buy auto insurance directly from a company Why is there a cancellation notice on my auto insurance bill? Should I choose a six or twelve month auto insurance policy? Get an Out of State SR22 Auto Insurance Quote with Lyles Insurance Get an Out of State SR22 Named Operator Quote with Lyles Insurance Call me for a Quote Transcription Slide 1: Hello! This is Dan Lyles with Lyles Insurance. This video is going to go over out-of-state SR22 auto insurance filings. For those of you who live in one state but need an SR22 filing in another state, you’ve probably found that it's frustrating and difficult to find the right type of policy that you need. This video is going to help you with that. Slide 2: First, let's go over what an SR22 filing is. Many states require drivers who have their license suspended to attach an SR22 filing onto their auto insurance policy in order to get their license reinstated. And what these SR22 filings do, they monitor drivers by making sure they keep an auto insurance policy active with at least state minimum liability coverage. So once you buy a policy with an SR22 attached, it lets the state BMV or DMV know when you buy a policy. However, it will also let the license bureau know if you ever cancel, lapse or expire on a policy. And if that happens, your license will get suspended again. Slide 3: Finding an out-of-state SR22 filing can be difficult for a couple reasons. Number one, SR22 filings themselves are somewhat limited because not all auto insurance companies will write SR22’s. Then to narrow it down even farther, of the ones that will, many will only write SR22’s in that state, and they won't write out-of-state SR22’s. However, don't give up and no worries. There are companies that will write out-of-state SR22’s. And in just a minute, I'm going to go over some things that will help you find those. Slide 4: There are only three steps to finding an out-of-state SR22 filing. Number one: Location. Buying your policy in the right state. Number two: Selecting the right type of policy. And number three: Selecting the right level of liability coverage. So let's go over each one individually. Slide 5: Number one is location. You need to buy the policy from the state you're currently living in. Not the state that you need the SR22 filing in. Many people make the mistake and get that backwards. It's always the state you're living in, is where the policy needs to be written. Slide 6: Number two: Selecting the right type of policy. And this is very simple. If you own a vehicle or have a vehicle registered in your name, all you need to do is take out a regular auto insurance policy. One that will write SR22 filings, and then attach the SR22 onto your policy. That's it. Now, for those of you who do not own a vehicle, you're going to need to take out what's called a named operator's policy (it's also known as a non-owners auto insurance policy), and attach the SR22 onto it. Slide 7 And number three: Selecting the right level of liability coverage. Each state sets its own minimum levels of auto insurance liability coverage that they require drivers to carry. So if the state you live in and the state you require an SR22 filing in have different liability limits, you have to select levels of whichever one is higher. You need to match the highest parts of each facet of liability coverage. If you don't know those minimum limits on both states, an agent will be happy to help you with that. You’ll also easily be able to pull that up on Google by a Google search. Slide 8: And finally, where is the best place to look to find a policy that you need? The best idea for you to do is to look for an independent auto insurance agent that specializes in SR22 auto insurance policies. They have the companies that will go easy on SR22’s, and are most likely to sell policies that will write out-of-state auto insurance filings. For those of you who live in Ohio, Indiana, Virginia, Michigan, Pennsylvania or West Virginia, I'll be happy to help you with that. If you'd like to get a quote, just click on the link I have posted here. Fill out the information, and I'll run you a quote myself. Or you can also reach me at (740) 574-2618. And as always, I handle all quotes personally and privately, and do not sell your information to anyone. So I hope this video has taught you what you need to know about out-of-state SR22 filings. If you have any questions please contact me. Thank you, and have a great day! Link from video: SR22 Auto Insurance Page Transcription: Slide 1: Hello! I'm Dan Lyles with Lyles Insurance. And in this video, we're going to cover the Ohio BMV’s random letter auto insurance check. Slide 2: Let me quickly go over how the random letter program works. Each week the Ohio BMV randomly selects 5,400 vehicles, and requires their owners to prove that they had auto insurance liability coverage on that vehicle, on that day that their vehicle was selected. The vehicle owner will then be mailed a random letter selection notice, and they have 30 days to respond. All they need to do is simply send in either a declaration page or an Insurance ID card, and the problem goes away. Slide 3: However, if you did not have liability insurance on the vehicle, on the date in question, they will suspend your license. And they're very strict about it, especially the date of selection. Meaning that it does you no good to go out and buy insurance on the day you receive a letter in the mail. By then several days have already passed. They only care that your vehicle had coverage on the date that it was randomly selected. Slide 4: So let's assume your license got suspended due to this random selection program. How do you get your license back? Well, if it's your first offense, you don't have to serve a mandatory suspension period like you did years ago, when it was 90 days. You just need to pay a reinstatement fee and carry an active SR22 filing on your auto insurance policy for the next three years. That's what gets costly. Second and third offenses, same thing basically except there's a one-year mandatory suspension with the second offense, and a two-year mandatory suspension with the third offense. Plus the reinstatement fees go up with each one. And counting back on the offenses, they go back five years. Slide 5: There are a few valid exemptions that the Ohio BMV will allow. But they've got to be very good reasons supported by very good documentation. For example, if you were in the hospital, in jail, or serving active military out of state or overseas on the date your vehicle was pulled, then you'll be okay. If your vehicle is disabled on the date in question and at least 30 days prior to that, you will be exempt also. But you will need a notarized affidavit from a state certified mechanic stating that to show as proof. And they have some other exemptions such as seasonal vehicles. But again, anything exempt requires documentation. And they don't play around with this! Slide 6: Let me briefly cover what an SR22 filing is. An SR22 filing attaches onto an auto insurance policy. It lets the Ohio BMV know that you're carrying at least state minimum auto insurance liability coverage. But here's the bad news. An SR22 also lets the BMV know if you ever cancel, lapse or expire on a policy before the three-year SR22 requirement expires. If that happens, your license will be suspended again until you put another active SR22 filing in place. Slide 7: Finally, let me give you a little help on finding affordable auto insurance coverage with an SR22 filing. Not all auto insurance companies write SR22’s. Some companies will but the premium is very expensive. So it's best for you to look for an independent agent that specializes in SR22 auto insurance. They carry companies who are much more SR22 price friendly. That also gives you the advantage of getting multiple quotes at once instead of quoting with one company at a time. And that gives you a much better chance at finding a lower rate. So I hope you’ve learned what you need to know about getting a random letter and how to respond to it. Thanks for watching and have a great day! Link from video: Auto 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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