Does Auto Insurance Change As You Age?

Auto insurance is something that all people need and that you must have to drive on the road legally. That being said, the requirements and the overall coverage needs do change from time to time. So how does your auto insurance change as you age, it may be simpler to understand than you think. For those in the Mesa, AZ area, the agents with Lifetime Investments can help you determine how your coverage is going to change over the years.

The first big change comes when an insurer turns 25. After the age of 25, policy premiums do drop. This is because after the age of 25, barring any sort of traffic indiscretions, drivers are no longer considered to be part of the high-risk driving category. This means that you are going to be able to get better premiums without having to drop coverage.

Another milestone is getting married, buying a house, things like having kids, getting a degree, and so on. These are all factors that help solidify your place in the lower risk driver bracket. The lower the risk you are, the lower your premiums are going to be each month. You also get breaks on your premiums the longer you go without having any sort of traffic accidents or claims on your insurance.

Your age will continue to help lower the price of your premiums as well. The older you are, to a certain point of course, the lower your premiums are going to be. Generally, you will get breaks on premiums when you reach 35, 45, 55 and so on. This is going to help make your premiums lower so you can get better coverage than you might imagine.

For those that live in the Mesa, AZ area, the agents with Lifetime Investments can help you to determine what coverage you need and to determine what sort of incentives and breaks you can get in your premiums.  

Helping Your Teen With Texting and Driving

If you have a teen driver in your home, you understand the worry of teens texting and driving. Helping your teen understand the dangers of texting and driving may seem like a daunting task. Here are a few tips that can help.

Set a Good Example

The best way to help your teen understand the importance of not texting and driving is to be a good example yourself. If you are preaching to them not to text and drive, and yet you have your phone out constantly while driving yourself, then they are not going to take you seriously. Teens get a lot of bad attention for texting and driving, but the truth is adults are texting and driving too. Put down the phone and be a good example. 

Use Technology

There are lots of great apps available which will not only track your teen’s phone but can also show you whether or not your teen is texting while in the car.  Using technology like this can help you keep tabs on your teen’s texting habits. Although your teen may feel like this is an invasion of their privacy, you must explain to them that this is for their own good and then remain tough. 

Keep the Conversation Going

Make it a point to discuss texting and driving issues with your teen often. When there are stories in the news concerning teens that were hurt or killed as a result of texting and driving, be sure to bring this up. Make sure your teens realize this is a real issue. Parents are not just making these stories up. People really do get hurt and even killed because of texting and driving. 

If you want your teen to be safe and have a good driving experience, be sure to enforce strict texting and driving rules. If you would like to learn more about teens and driving contact Lifetime Investments serving Mesa, AZ. 

My Friend Was Driving When The Accident Happened. Will My Auto Insurance Cover The Claim?

Getting the right type and amount of auto insurance protects you from financial losses in case your car gets in an accident. Get the help of a reputable and committed insurance agency such as Lifetime Investments in Mesa, AZ to secure the most appropriate insurance policies. They may help you determine the right policies. Your friends and family may get into an accident while driving your car. You need to understand your auto insurance to determine whether or not it can cover the claim.

Who Is Covered?

Even though policies may be different depending on different insurance providers, anyone who lives in your house is typically covered when driving your car. You are also covered if you loan out your car to people who do not live with you. If, however, the dive your vehicle without your permission, your auto insurance does not cover your claim. The policy does not include people that are excluded from your policy. You may be sued for damages if you grant an unlicensed or intoxicated driver permission to drive your car.

Do not exclude drivers who are likely to use your car. The decision may cost you a lot of money in the future. If you do not trust someone, do not let them use your car even for short trips. Accidents may happen at any time.

Hire an Attorney

You may need to contact an attorney after your friend gets into an accident with your car. If they were unlicensed or impaired, you might be legally liable. The affected party may sue you for damages. An attorney may provide you with legal advice on how to handle the situation.

Contact Lifetime investments in Mesa, AZ to discuss your new quote for auto insurance.

Auto Insurance Tips for New Car Buyers

Buying a new car is always exciting; most first-time car buyers are caught up in the moment, and they fail to carry out enough research on the car’s insurance. At Lifetime Investments we have identified the common challenges new car buyers in Mesa, AZ face and come up with the following helpful tips.

Become conversant with the various auto insurance types
As a vehicle owner, you are obligated to know about the different types of insurance policies available to you. Luckily, the internet has made this possible. Compare policies from different providers and make your choice depending on parameters such as coverage, additional benefits, claim settlement ratio, and so on.

Know how your vehicle type will affect your premium
A luxury sports car will incur more insurance premiums than a regular car. Besides, the insurance cover might not include any modifications to your car. The only modification that could reduce your premium amount is installing a tracking device.

Understand the terms of your policy
By applying for an insurance policy, you will be getting into a contract with the insurance provider. Ensure that you read through the policy document to understand all the terms and conditions.

Keep in mind that a clean record will reduce your premium
Most insurance companies will agree to reduce your premium once you prove that you are a low-risk driver. 

Review your insurance needs every year

Depreciation and other factors affect the premiums you should pay. Further, life changes could cause you to change your policy coverage to cater for additional needs. With yearly reviews, you can add or retract your policy coverage to fit your specific needs at that point.

Lifetime Investments is dedicated to providing Mesa, AZ and the neighboring communities with customized auto insurance policies. Visit our website for a free auto insurance quote. 

Auto Insurance Policies- What’s Covered and What Isn’t

In Mesa, AZ, a general liability auto insurance policy is required to protect you against lawsuits and injury claims from other drivers based on accidents that happen while you are driving. Most states do require that drivers hold a minimum required amount of insurance on their policy. However, additional insurance may be encouraged to ensure that the driver has the proper amount of coverage. Lifetime Investments is knowledgeable about auto insurance policies and our agents are available to walk you through the process at your convenience.

What’s Covered by a General Liability Auto Insurance Policy?

Liability insurance is limited in coverage. There are different coverage limits, which you will choose when you pick your policy. The minimum required amount of liability coverage is determined according to state and broken down by uninsured motorist bodily injury, bodily injury and property damage categories. In Mesa, AZ, the minimum required liability insurance would be as follows:

Uninsured Motorist Bodily Injury

$15,000 in bodily injury coverage for each injured person

$30,000 in bodily injury coverage total per accident

Bodily Injury

$15,000 in bodily injury coverage for each injured person

$30,000 in bodily injury coverage total per accident

Property Damage

$10,000 in property damage coverage per accident.

As there are coverage limits, you may choose to purchase additional coverage to strengthen your policy.

What isn’t Covered by a General Liability Auto Insurance Policy?

Liability insurance is limited to covering damage that you cause, not damage that is caused to you. Thus, liability coverage won’t cover damage to your car, medical expenses because of your own injuries, loss of wages etc.

Our experienced agents at Lifetime Investments can help you pick the proper auto insurance policy to suit your needs. Contact us today to get started.