Three Things You Need to Understand About Auto Insurance

As a motorist, there are certain fundamental truths that you need to understand when it comes to auto insurance. These truths are usually relevant regardless of where you live. Understanding these truths will help you to navigate your insurance needs more effectively and seek the best type of automobile coverage for your vehicle. Alliance Insurance Services of Arvada, CO is committed to helping drivers understand the primary benefits and purpose of auto insurance.

1. There is a Primary Purpose for Auto Insurance…
Basically, auto insurance is designed to protect the driver, other drivers, and property, should an accident occur. Investing in the right car insurance provides essential protection to you and your passengers, as well as other drivers on the road. The right coverage allows you to take care of any injury to others as well as damage done to property if you are declared at-fault. 

2. There are Forms of Auto Insurance Required for Most Motorists.
Liability is most commonly a requirement in every state in the US. Liability insurance must be purchased following state minimum coverage requirements for both property damage and bodily injury. This type of insurance would pay for another driver’s medical bills and car repairs, in addition to any property damage that you might be responsible for as a result of an accident. Also, some states may require you to carry uninsured/underinsured driver coverage.

3. Additional Insurance Coverage is Sometimes Necessary, Depending on Your Situation. 
Although liability insurance may be required by your state as a minimum insurance requirement, you may need to carry more. If you have an auto loan, lenders will typically require a motorist to carry full or comprehensive auto insurance as a way of protecting their investment in your car. A car loan is an indication that you haven’t completely paid off your car. If something were to happen before your car was paid off, a full coverage policy would ensure that the lender was financially compensated for the loss. If you have questions about what auto insurance does and doesn’t do, and what type is best for you, give us a call. 

4 Considerations for Auto Insurance in the Winter

Whether you’re getting automobile insurance for the first time in the winter or wondering if you’ll need to make any adjustments, there are some things you should know first. It’s ideal to talk to an independent agent like the ones at Alliance Insurance Services of the Arvada, CO area about your needs.

Should You Pause Your Insurance for the Winter?

It’s not possible to put a hold on your auto insurance just for the winter, then pick it back up afterward. Even if you know you won’t be driving anywhere near as often, you’ll still need to have coverage during this time because of state requirements for driving a vehicle. What you can do is look into some flexible options.

Storage Insurance

You may be able to get storage insurance, which many companies do offer. Keep in mind you’d only have comprehensive coverage. If you drop everything to only have storage insurance, you won’t be able to drive your vehicle legally. There also may be issues with your registration. You can see if your state offers an Affidavit of Non-Use through the DMV.

Drop Physical Coverage

If you’re unable to get storage insurance, you may be able to drop your vehicle’s physical coverage (collision and comprehensive) if you’ll have it in storage. This typically isn’t possibly if you’re leasing the vehicle or you’re on a loan for it.

Consider What Type of Protection Is Best

If you live in an area that’s more likely to have blizzards and other harsh weather conditions, you’ll want to keep or add on comprehensive and collision policies. Due to the risks you might face, you’d do well to have this in place.

Don’t let your insurance coverage fail you this winter. Look into the best possible choices available from reputable insurance companies. Talk to an agent from Alliance Insurance Services of Arvada, CO and beyond for more information.

Should I get auto insurance in Arvada?

In the Arvada, CO area owning a car is practically a necessity. Not only will it help you to get around the city, but it will also make it easier for you to enjoy the rest of the area and state. If you are going to buy a car, you also need to make sure that you get the right insurance for it. There are several reasons why you should get auto insurance when buying a car here. 

Insurance Provides Valuable Coverage

One of the main reasons that you should get an auto insurance policy when you are in Arvada is that it will provide you with important coverage. When you get a full policy, it will provide you with both liability coverage as well as collision and comprehensive protection. All of these forms of coverage could prove to be very valuable in a variety of different situations and they could mitigate several different risks.

Insurance is a Requirement

Beyond providing you with valuable coverage, an auto insurance policy in the Arvada area will also ensure you stay in compliance with a variety of requirements. Those that live in this area will need to comply with state laws and could be required to carry insurance to satisfy lender requirements. When you get proper coverage, you can be assured that you will meet these requirements. 

When you are looking for auto insurance in the Arvada, CO area, you will want to make sure that you are getting the right insurance for your situation. For those that are in the area, contacting Alliance Insurance Services is a great option. The team at Alliance Insurance Services can help you to better understand all of your options. This will help to ensure you pick the right policy for your situation. 

Important tips to keep in mind when making an auto insurance claim

Even the most experienced drivers can be involved in car accidents. In the event of an accident in our Arvada, CO roads, you should take a few significant steps such as evacuating or providing first aid to the injured, calling an ambulance and the police and exchanging information with other drivers involved in the accident. At Alliance Insurance Services, we also recommend reporting the accident to your insurance company immediately when the information is still fresh.

Always be prepared with your personal information

When you call to file a claim, your insurance provider will require critical information about you and documentation related to the accident. You will be required to supply the following information:

  • Your names phone number and vehicle details
  • Photos of the damage
  • Location, weather conditions and time
  • The name or badge numbers of the officers who attended to your accident 
  • A copy of the accident report

Enquire about the claim duration

The claiming process can sometimes take longer than required. Some insurance companies in Arvada, CO tend to be faster than others; that’s why it is always a good idea to enquire about time limits. However, as the policyholder, you also need to comply and provide all the necessary documents and information required to make the process successful. Keep in mind that different companies offer different deadlines for filing claims. They also vary based on the type of claim. For instance, bodily injury claims may be different from filing claims for vehicle damages.

Get your car repaired by your mechanic

While most insurance companies prefer to send their own technicians to check and repair the vehicle, you can choose who should repair your vehicle. For instance, if you have your own technician, you will prefer to hire them to check and repair the car. If there are parts to be changed, you can also choose the type of parts you want to have for your vehicle.

If you have any questions about claims, feel free to reach us at Alliance Insurance Services today!

Should you carry collision and comprehensive insurance when you don’t have a car loan?

With more than 1.8 million vehicles registered in the state of Colorado, it is safe to say that there will be a lot of traffic on their more than 184,000 miles of road. Traffic accidents have been on the rise in the state which means that the chances of being involved in an accident have increased. At Alliance Insurance Services in Arvada, CO our aim is to provide our customers with the latest information, quality insurance products, and good value. Our agents have years of experience in auto insurance and helping drivers have the coverage that is best for them.

When you have a car loan, the lender will require that you maintain collision and comprehensive coverage to protect their investment in your car. When your loan is paid off, you may be tempted to save money by not keeping this coverage. You are not required by law to have collision and comprehensive coverage on your vehicle but that does not mean that it is a good idea to go without it. If you are like most people, you probably depend on your vehicle to get to work, if your vehicle was damaged in an accident or was stolen, how you be able to get to work? 

If your vehicle has very little monetary value or if you could easily pay for any repairs that an accident, theft, or vandalism might cause, then you probably don’t need to keep the collision and comprehensive coverage on your car. If however, it would cause you a great deal of inconvenience and financial stress, then it is best to keep both coverages. 

At Alliance Insurance Services in Arvada, CO we would like to sit down with you and discuss your auto insurance needs. We offer a wide variety of products and we are sure that we can find the perfect one for you. Give us a call or stop by our office for a no-obligation quote. 

Insuring Your New Teen Driver

Seeing your teen get their driver’s license is a thrilling time for both you and your teen, but it can come with some added stress. From finding driver’s education courses to purchasing and insuring a new vehicle, there is a lot to keep track of! At Alliance Insurance Services in Arvada, CO, we want to make sure your teen is ready for the road. Below, you’ll find a few things you should know about insuring your new teen driver. 

New drivers aren’t required to have auto insurance when they have their permit, but you may want to consider adding a policy that covers operators and drivers for added protection. This type of policy is beneficial for teen drivers who don’t have one particular vehicle they will be driving and will be alternating between cars on a regular basis. Once a teen receives his/her license, it is typically more cost-effective to add the driver to an existing car insurance policy. Consider adding your new teen driver to your plan within 30 days after receiving their license. Teens are subject to the same auto insurance requirements as other drivers in Colorado, which means they must have state minimums for bodily injury and property damage liabilities.  As an independent insurance agency in Arvada CO, our team at Alliance Insurance Services can help parents of new teen drivers shop around for the best coverage. We partner with a number of well-known insurance companies so you can get a policy that fits your needs and budget. 

Alliance Insurance Services can help make sure your new teen driver is ready to hit the road with the proper auto insurance policy. Learn more about the type of policies we offer by calling our office in Arvada, CO or visiting our website. 

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!