auto insurance Archives - Premier Insurance Services

How will buying auto insurance help you? A quick, easy guide!

Post author:Mark Kofalt
Post published:January 6, 2024
Post category:Personal/Family

When travelling by car, unforeseen circumstances can swiftly turn a routine drive into a costly affair. In this comprehensive guide, we look into the various ways in which buying auto insurance can prove to be a prudent decision. How will buying auto insurance help you? 1. When you're at fault? Understanding how auto insurance works when you are at fault is crucial for navigating the aftermath of an accident. In such cases, your insurance typically covers the costs associated with the other party's vehicle repairs and medical expenses. This liability coverage is a fundamental component of auto insurance, ensuring that…

Close-up of man and younger woman examining car after accident.

Fender-benders – Your Guide to Minor Accidents

Post author:Mark Kofalt
Post published:June 15, 2021
Post category:Personal/Family

Accidents can happen all too easily; and, if not handled properly, the situation can quickly spin out of control. Imagine that you find yourself in this scenario: While behind the wheel, you misjudge the space between your car and the one in front of you when making a turn in close traffic. You tap the rear bumper of the car in front of you. The other driver gets out of their car to inspect the bumper. They appear to be unhurt, and you don’t see any noteworthy damage to the car either. The other driver tells you to forget about…

Why Every Business Needs Non–Owned Auto Coverage

Post author:Mark Kofalt
Post published:January 25, 2021
Post category:Business

Even businesses that own fleets of autos sometimes use vehicles that do not belong to them. Often, a business asks an employee to run an errand or visit a customer or vendor using that employee's car. The organization may become legally liable for anything an employee acting on its behalf does while behind the wheel. Lawsuits and accompanying legal costs may confront the business if they have an accident. Many business automobile insurance policies cover this situation, but they do not do so automatically. The standard Insurance Services Office Business Auto Policy uses numbered symbols to identify covered autos for…

The Story Behind Increasing Commercial Auto Insurance Rates

Post author:Mark Kofalt
Post published:December 21, 2020
Post category:Business

Commercial auto insurance rates have been on the rise since 2011, increasing often by more than 10% a year as accidents and claims costs have soared. The trucking industry has been the hardest hit by the steep increases, and there are a number of factors contributing to the rate hikes, according to a recent study by Risk Placement Services. One of the biggest factors is that insurers have had trouble keeping up with increasing accidents and spiraling claims costs, leaving them in the red for most of the past decade. Huge court verdicts, higher maintenance expenses, reduced freight demand and…