What Kind Of Coverage Can I Get For My Car?

As a resident of Denver, CO, you might know the state’s mandatory liability law on automobile insurance. While Colorado requires every vehicle in regular operation to have liability insurance, this is not the only insurance available to local drivers. Alliance General Insurance Agency wants our readers to know the many options available to you today.

Liability Coverage

This is the minimum required to drive legally in Colorado. Liability insurance covers bodily injury and property damage to another person in an accident where you’re determined to be at-fault. There is a specific amount of coverage you must have to meet the legal limit, but you can purchase more than the minimum liability amount.  It does not provide compensation to you after an accident, whether or not you caused the accident.

Uninsured / Underinsured Coverage

When an uninsured driver causes an accident that harms you or your property, this coverage kicks in to help pay for those expenses. When the other driver has insurance, but their policy limit isn’t enough to cover your medical bills, underinsured coverage can make up the difference. 

Comprehensive Coverage

This type usually covers damages caused by natural events such as fire or hail, or the acts of other individuals like vandalism or theft. Your policy will list the potential covered perils. When your vehicle suffers damage by such perils, comprehensive coverage can help pay for repairs or replacement of the vehicle.

Coverage for Everything Else

These are just a few examples of the policies available to drivers in the Denver, CO area. There is coverage for virtually any peril or vehicle type out there. From rare classic cars to hard-working utility trucks, Alliance General Insurance Agency has a policy that’s right for you!

3 Reasons to Adjust Your Insurance After You Pay Off Your Vehicle

Paying off your primary vehicle is a huge milestone and one that should be celebrated! After your initial joy, there are few considerations to make when it comes to your auto policy. Let’s take a close look at 3 reasons why your policy may need to be updated once your car is paid in full. If you are in the greater Arvada, CO area and have recently paid off your vehicle or are planning to do so in the near future, the team at Alliance Insurance Services is here to help you consider your insurance options.

3 Reasons to Adjust Your Auto Policy on a Fully Paid Vehicle

  1. The cash value of your vehicle will likely be less than the replacement cost for a comparable car or truck. If your car were to be totaled you will need a higher amount than its current value to replace it. There are many policies that offer a solution to this problem, and they are worth looking into!
  2. You will no longer need to adhere to any coverage limits enforced by your financing provider. You can now review your coverage levels with your local agent and determine if the policy that was required by your financial institution is still the best option.
  3. An older car may cost more to repair. As a car ages, the parts can become more difficult or more expensive to get. Having a robust car rental option is one way to lessen the expense of an accident.

If you are in the greater Arvada, CO area and would like to know more about your auto insurance options, the team at Alliance Insurance Services is here to help! Contact us today or stop by our office to set up a consultation!

When to File an Auto Insurance Claim and Who to Contact?

When you have been in an auto accident, it is dependent on your type of insurance coverage, the other party’s insurance coverage and who is at fault as to who should be contacted and for what portion of the insurance policy.

Damages to Your Car

If your vehicle is damaged in an auto accident in Arvada, CO and it is clearly the other driver’s fault, you will file a claim with the other driver’s liability insurance. Their liability policy will pay for repairs or to replace your car.

 If the damages are may clearly your fault, you file a claim with your insurance policy under your collision policy. 

If the fault is not clear or it can be that both parties are at fault, then you file a claim with your insurance and the other driver’s insurance. After the fault is determined, you will get your damages covered by one policy or the other. 

If the damages are not from a collision, such as your car is stolen, vandalized or has hail damage, you file a claim under your comprehensive insurance.

If the other driver has no insurance or is underinsured, you file a claim with your insurance company, Alliance Insurance Services, under the uninsured/underinsured motorist coverage. 

If you are Injured

If you are in an auto accident and you have injuries, you file a claim with your insurance provider under your personal injury protection (PIP). This applies even if you are not at fault or have health insurance. The PIP portion can help pay for the bills that your health insurance doesn’t cover, so you won’t have a balance to pay on your medical bills. 

If the other driver is at fault, you file a claim with their liability insurance. 

If the other driver has no insurance or is underinsured, your own insurance policy will cover expenses for you from the underinsured or uninsured portion of your policy. 

Minor Damages to Your Car and no Injuries

If it’s the other driver’s fault, file a claim with their liability policy, because you won’t need to pay a deductible to get your damages repaired.

If the accident is your fault, consider if the minor damage is okay with you or if the cost of fixing it is little over your deductible, consider not filing a claim at all. The small number of repairs after you pay your deductible might not be worth an increase in your insurance rates.

At Alliance Insurance Services in Arvada, CO, we are here to help you every step of the way after an accident. You can use our online rating tool or call or come by the office to get more information on auto insurance.

Defining The “Minimum” In Auto Insurance Rates

You enjoy weekend rides through town in Arvada, CO. Do you have enough auto insurance, though?

The state of Colorado requires drivers to have a minimum of $25,000 coverage for bodily injury per person hurt in an at-fault accident. You are required to have $50,000 for bodily injury per accident. Colorado state minimum for auto insurance requires $15,000 per accident for property damage. 

The above figures may be representative of the minimum, but they are not absolute. You may need to purchase more or less insurance depending on your financial standing. Alliance Insurance Services can help you navigate the ways of assurance in Arvada and beyond.

What Does The "Minimum" Mean?

Some drivers believe that they cannot be held liable for damages or injuries incurred in an at-fault accident so long as they keep the minimum policy limits as established by state regulations. The reality, however, is that you are responsible for all damages in an at-fault accident regardless of whether your insurance provider pays all of the bills. Some drivers have found themselves on the receiving end of lawsuits because their policy limits were not enough to pay for everything. You do not want to be one of these unlucky souls.

The “minimum” in the insurance world refers to the absolute cheapest route you can take to obtain an indemnity plan. You do not fortify yourself against lawsuits simply because you chose to buy insurance.

What about rising premium rates?

It is true that the state of Colorado is ranked as number three when it comes to steadily rising premium rates. Part of the reason for the growing expense is because of hikes in vehicle theft that leave insurance providers with no other choice than to protect themselves against loss. Still, even with the cost of auto indemnity plans rising, it is still better to go for the plan that best satisfies your life instead of searching for the cheapest route. 

Let Alliance Insurance Services Help

Our agents have been in the insurance business for many years and are eager to match your circumstances with the right policy. We offer the following products. Contact us today for a quote in Arvada, CO!

Does Auto Insurance Cover Natural Disasters?

Colorado law requires car insurance. It is not just for the citizens to observe to but a vital need for protection, your protection and the protection of other people. Arvada is the populous city in Colorado, with natural disasters every once in a while. Unfortunate events or accidents may happen and having auto insurance means financial protection. Alliance Insurance Services can help you. Here are the basic types of coverage available to drivers in Arvada, CO.

Liability Insurance 

This auto insurance coverage helps to protect other people and their property.  It does not provide any coverage for you personally. In case you get to an accident where you are at fault and injures another person, liability coverage helps to pay for the medical expenses. If the accident causes damage to someone else’s property, liability coverage helps pay for repairs. 

Collision and Comprehensive Insurance

Collision coverage is there in cases where your vehicle is involved in a crash with another vehicle even when you are the one that caused the accident; dents in your car, or rammed into a fixed structure. This insurance policy covers most car crashes and auto accidents. 

Comprehensive coverage, on the other hand, covers situations that don’t include collision, this can include theft, car damage from the aftermath of the storm and any situations that are beyond our control classified as “ acts of God or nature." This is the type of insurance that you want.

Alliance Insurance Services can definitely help you in getting the liability insurance coverage as required by the state. Not only that, but the agency can also help you create an additional policy that will suit your needs. Get your free quotes online or call us now to get further information on our competitive offers for your protection.

How Do New Cars Affect Auto Insurance?

One of the things that you should consider when you are purchasing a new car in Arvada, CO is how it will affect auto insurance rates.

The age of your car does affect premiums. As cars depreciate, they are worth less, and so in order for the insurance company to replace your car, they would pay less. With a new car, you may think that it costs more to insure. However, that may not necessarily be the case depending on what type of car you are purchasing. Depending on how many new safety features your car has, you may have a lower rate. Some safety features that can lower your rate include automatic seat belts, airbags, anti-lock brakes, daytime running lights, rearview cameras, blind spot detecting, and lane departure warning systems. If your new car has some of these features, make sure to speak with your agent at Alliance Insurance Services to see about available discounts.

One thing to consider with a new car is gap coverage. This does affect your premium, but it can save your from a financial headache if you get into an accident. Gap coverage helps you pay the difference in how much your car’s value is and how much you still owe on the loan.

New cars may be required to have comprehensive and collision coverage, especially if you have a loan or a lease.

Contact Alliance Insurance Services to get a quote on auto insurance. Getting a quote before you buy your new car in Arvada, CO can help you with your decision on which car to get. You will need insurance to drive your car off the lot, so getting your insurance agent involved in the process can help you choose the right insurance coverage for your new car.

Why Millennials Are Changing the Face of Auto Insurance

Millennials represent the single largest market force that is already disrupting the auto insurance industry. This generation is empowered, determined, and is already leading a different path in the modern world and auto insurance companies such as Alliance Insurance Services are forced to change their strategies to serve them effectively.

Millennials are the young adults aged between 20 and 36 years.They account for more than a third of the American population and have taken over from the baby boomers. So how are these young adults disrupting the car insurance industry?

They Aren’t Loyal to Insurance Brands

These young adults are keen to shop around for their car insurance. For instance, if they have renters’ insurance, they are less willing to purchase their auto insurance policy from the same insurance provider. The same thing happens when it comes to renewing their policies. They’ll prefer to look around for the best insurance deal since they are no motivation for them to remain loyal to a specific brand.

They are Online Consumers

Millennials are twice likely to buy their auto insurance policies online compared to their parents. This is contrary to a majority of baby boomers who still purchase their auto insurance policies from agents. Even if they don’t purchase online, this group of individuals will be more comfortable with a provider who has their rates online as well as an option to contact the insurance provider online.

Millennials Don’t Put Much value on Insurance

Although a large number of the millennials know that insurance is important, only a few of them are willing to spend their money purchasing auto insurance. Research shows that only 15 percent of the millennials in Arvada, CO believe that auto insurance is helpful. This explains why only 60 percent of the drivers aged between 19 and 30 have car insurance compared with 85 percent of the older drivers.

Are you looking for auto insurance in Arvada, CO? Contact Alliance Insurance Services today for comprehensive auto insurance.

 

What are the differences between PL/PD, Collision, and Comprehensive Auto Insurance?

Residents who live in Arvada, CO can turn to the agents of Alliance Insurance Services to learn more about the different types of automobile coverage that are available. PL/PD, collision and comprehensive can be confusing if you don’t know what each one covers. It’s important that you speak to a licensed insurance agent to ensure you have the right type of coverage for your vehicle and your lifestyle. 

PL/PD

PL/PD refers to personal liability and property damage. This type of insurance covers losses (both property and injury) incurred by other people due to an accident where you are at fault. It does not cover damages to your own vehicle or cover the cost of any injuries you may have received.

Collision

Collision insurance covers damages to your vehicle that were caused by a collision. Collision insurance does not cover your medical expenses, nor does it cover damage to another person’s car or truck. Collision insurance does not apply to any damage caused by any non-traffic related accidents.

Comprehensive

Comprehensive insurance is a requirement if you have a loan or lien of any kind on your vehicle. It covers the cost of damage sustained in an accident as well as damage that is incurred in non-traffic related incidents. It covers your medical expenses as well. It will also cover theft and vandalism.

At Alliance Insurance Services, the residents of Arvada, CO can talk to licensed insurance agents and get the answers they need about different types of auto insurance policies. If you have questions and would like to have an audit performed to identify your auto insurance needs, schedule an appointment today and get the answers you’re looking for. 

What to do if Your Car is Stolen in Arvada, CO

Roughly 250 vehicles are stolen every year in Arvada, CO. While the number is low, there is still a possibility that your vehicle can be stolen at any time. At Alliance Insurance Services, we want you to be prepared, here are some steps you should take if your car is stolen.

Upon arriving at where you parked your car your first instinct might be to freak out or panic. Before all else, you should try to remember to remain calm. Determine that your car hasn’t been towed, repossess or that you may not have gone to the wrong parking area. After you’ve ruled out all other scenarios and are sure that auto theft has occurred, your next instinct might be to get angry. Although it can feel like the worst thing in the world to have happened, things could be worse.

The first thing you should do is call the police and file a report. The police will need a description of your vehicle including the make, model, and color. They will also need your license plate number, so it is always a good idea to memorize it.

The next thing you should do is call your auto insurance company and file a claim. This is a crucial action because should your be used to commit any crime, or cause physical damage to people or property, your insurance company can protect you from liability. Your insurance company will work with you and law enforcement to figure out the appropriate solution to your car theft woes.

Alliance Insurance Services knows that you need auto insurance that will protect you against vehicle theft. Contact us today for all your auto insurance needs in Arvada, CO.

 

How different is RV Insurance from Auto Insurance?

A recreational vehicle is similar to a car in many ways, a factor that contributes to the willingness of insurance companies to issue a policy. If you plan to travel to a new destination in your recreational vehicle, it would be important to understand how RV insurance differs from regular auto insurance. Please reach out to Alliance Insurance Services for an RV insurance quote in Arvada, CO.

Full-timers insurance

The full-timers insurance under this policy will cover any loss or damages that occur when the RV is parked or when the vehicle is used as a primary residence. This kind of coverage will be similar to that offered by homeowners insurance. Full-timers insurance will also meet medical bills and emergency-treatment for any third party that sustains injuries while in or around the recreational vehicle.

Emergency expense coverage

Some RV insurance policies provide coverage for any emergency expenses incurred while the vehicle is being repaired. In order for this to happen, the losses must have occurred within a specified distance from the RV and should have occurred while the vehicle is being repaired. In case you found an alternative stable residence during the repairs, the policy will also cover meals and the related traveling expenses.

Campsite liability insurance

The liability insurance is designed for RV owners who use their vehicles as their residence. The policy will not only provide full coverage for equipment such as camping gear and portable electronics but also liability from injuries caused by the camping equipment that you keep in the vehicle. This allows you the peace of mind you need to use the RV for camping activities.

You may want to use your recreational vehicle for different activities in Arvada, CO. Before hitting the road with your RV, kindly contact Alliance Insurance Services to learn more and to purchase RV insurance that will keep you protected.