Insurance Rates | Boizelle Insurance Partnership

Reduce Your Car Insurance Premiums

Writing a check for car insurance isn’t your favorite thing in the world. We get it. Here are a few tips to help you get great auto insurance coverage—while paying less:

  • Drive Safely: Seems obvious, but it’s true. If you get into fewer accidents, your premiums are lower. We also offer First Accident Forgiveness so one little mishap won’t send your payments through the roof. Talk to us for details.
  • Bundle: When you insure more with ERIE, we’re able to cut you a break on your premiums to thank you for your loyalty. Whether that means insuring multiple cars with us or buying life insurance with us, buying in bulk saves you money.
  • Discounts: Ask us about what discounts you qualify for—you might be surprised. From discounts for college students and drivers 55+ to safe driver discounts, you can save in many ways.
  • Lock it in: With ERIE Rate LockSM, your low, locked-in premium will never change—even if you submit a claim—until you add or remove a vehicle or driver, or change your primary residence.

At Erie Insurance, it’s our job to keep you safe and covered—but great coverage doesn’t have to break the bank.

Contact Boizelle Insurance to find out how you can reduce your premiums while keeping the level of protection you have learned to expect.

Originally Posted by: Erie Insurance

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Lowering the Cost of Auto Insurance

If you’re looking for insurance, you’re interested in lowering your auto insurance rates. Have you ever wondered how auto insurance rates are determined?

Insurance companies must balance rates with the cost to cover claims. Factors that may affect the cost of your policy:

  • Accident history
  • Driving record
  • Vehicle make and model
  • Annual mileage
  • Vehicle usage
  • Your credit-based insurance score
  • Your age and eligibility for discounts

Auto insurance rates vary by state too. Rates in any given state are based in part on historical claim frequency and repair costs for car accidents or theft, as well as other factors like the cost of medical care. Within a state, some territories have higher rates than others.

Keeping Rates as Low as Possible

Why are auto insurance rates rising?

Insurance companies pay claims using the money collected from their Policyholders. Higher auto repair costs, higher medical bills, and costlier auto accident lawsuits have made claims more costly to settle.

ERIE does all it can to control expenses and offer low rates, but as the costs increase for goods and services, premiums must be raised to cover those expenses. Premiums could also increase on individual policies because additional drivers are added, there is a change in the autos insured, or an accident or violation results in the loss of a discount.

Erie Insurance is committed to keeping your auto rates as low as possible through fiscal responsibility and disciplined underwriting practices. ERIE further lowers your rates through numerous discounts.

ERIE also offers ERIE Rate Lock®, which helps you avoid auto insurance rate increases. Even if you have a claim, your rates won’t change until you make certain changes to your policy:

  • Add or remove a vehicle from your policy
  • Add or remove a driver from your policy
  • Change your primary residence

We’d like to explain the details in person or on the phone. Contact Boizelle Insurance to get an auto quote that includes ERIE Rate Lock®.

By: Erie Insurance

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What is an Insurance Score and What Can I do to Effect it

Your insurance score is simply a rating that is generated from information off your credit report. Why does a credit report matter when you’re buying auto insurance? It is considered a good indicator of the type of driver you will be. It helps tell the insurance company if you will be prone to accidents or make a lot of insurance claims. This allows insurance companies to compute more accurate rates. Each insurance company has a different way of using this information, but in general, the better your credit report, the better your rates.

Determining an Insurance Score

In many cases, the three biggest factors affecting your insurance score are your accident and insurance claim history and your credit report. Values are assigned to each predictive factor, and the values are then added together to determine your insurance score. The lower your score, the lower your risk.

Though insurance scores use information from your credit report, they do not look at income or job history when making rate decisions. An insurance score is not a credit score. Credit scores are used to tell people how likely you are to repay the amounts you have borrowed. Insurance scores tell a company how great a risk you may be to file a claim. Regardless of your score, whether high or low, an insurance company will not deny you auto insurance. If it’s high, you’ll end up with higher rates, but you won’t be turned away.

Factors that Impact Insurance Score

So, what types of factors affect your insurance score?

Favorable Factors

  • Long-established credit history
  • Low use of available credit
  • Open accounts in good standing
  • No late payments
  • No past-due accounts

Unfavorable Factors

  • Short credit history
  • Collection accounts
  • High use of available credit
  • Past-due payments
  • Numerous recent applications for credit

Can I Change My Insurance Score?

You can lower your insurance score by keeping your credit report in good standing. Pay mortgage and loan payments on time, keep credit accounts up to date and avoid taking out numerous credit applications in a short period of time. Also keep a fair amount of available credit open. By doing this, you’re not only lowering your insurance score but you’ll also be saving money by getting more competitive rates. Your insurance professional will be happy to review your current policy. Talk to your agent today.

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