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Transit Insurance Agency, Inc. Blog

Why should you use a Trusted Choice, Independent Agent Aug 18, 2016
Here is a short video that explains why you should ALWAYS use an Independent Agent when purchasing insurance.

https://vimeo.com/177560672
What are the cheapest/most expensive vehicles to insure? Apr 3, 2015
From our friends over at Safety Insurance.

The cheapest 2015 models to insure include two minivans, seven sport-utilities and the tiny Smart ForTwo, according to an Insure.com ranking of the most and least expensive vehicles to insure.

The Jeep Wrangler Sport 4WD repeated its cheapest-to-insure title, with an average rate nationwide of $1,134.

Since car insurance rates vary widely by state, the same owner of that 2015 Jeep Wrangler would pay as little as $694 a year in Maine or as much as $2,027 in Michigan. A GT-R buyer in Montana would pay $6,630 in Montana and $2,012 in Hawaii.

"Insurance rates are all about claims - how many and how big," said Penny Gusner, consumer analyst at Insure.com. "Cars that are cheapest to insure typically are easy to repair or have fewer claims or both."

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for 2015 models using data from six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm) in 10 zip codes per state. More than 1,500 models are included in the 2015 study.

Averages are based on full coverage for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage.

The average rates below are for a 40-year-old single male driver with a good record. See the full methodology at the bottom.

The most expensive 2015 cars to insure

1 Nissan GT-R Nismo $3,574
2 Mercedes-Benz SL65 AMG Convertible $3,573
3 Dodge SRT Viper $3,318
4 Porsche 911 Carrera S Cabriolet $3,216
5 Audi R8 5.2 Spyder Quattro $3,206
6 Porsche Panamera Turbo Executive $3,174
7 BMW 760Li $3,147
8 BMW M6 Convertible $3,115
9 Mercedes-Benz E63 AMG 4Matic Wagon $3,042
10 Mercedes-Benz CLS63 AMG 4Matic Sedan $2,972

The least expensive 2015 cars to insure

1 Jeep Wrangler Sport 4WD $1,134
2 Jeep Patriot Sport 2WD $1,136
3 Honda CR-V LX 4WD $1,160
4 Dodge Grand Caravan SE Plus $1,162
5 Honda Odyssey LX $1,163
6 Jeep Compass Sport 2WD $1,164
7 Subaru Outback 2.5i $1,176
8 Ford Edge SE 2WD $1,176
9 Smart ForTwo Pure $1,186
10 Ford Escape S 2WD $1,190

Flood facts that you need to know Sep 24, 2013
* Everyone lives in a flood zone.
*Homeowners Insurance does NOT cover flood damage.
*Just an inch of water can cause THOUSDANDS of dollars in damage.
*Flash floods often bring walls of water 10-20 feet high.
*Hurricanes, winter storms and snow melt are common (but overlooked) causes of flooding.
*New land development can increase a flood risk, especially if the construction changes natural runoff paths.
*There is a 30 day waiting period before a policy will go into effect.
*A policy for a property in a low risk zone can be as little as $430/ year for $250,000 in building coverage.

Contact our office for a free quote on flood, homeowners, auto, condo, renters and commercial insurance!

Stay dry.
September is life insurance awareness month. Aug 28, 2013
Did you know that 95 Million Americans have NO life insurance and most people with some coverage, need more than they actually have? The cost to purchase a life insurance policy gets higher as you age. Sooner is better and later may be too late. Contact your local independant insurance agent now to discuss life insurance and how it can protect your family and the ones you love most, in the event that you are no longer able to do so.
What you need to know about shady home contractors, remodeling and hiring day labor. Jul 31, 2013

Ah, summertime, and the living is easy. Perfect for sitting in the shade out back with a cold drink. You may even decide this is the perfect time to finally add that deck, enlarge the patio for cookouts, or put in that new landscaping with a couple of strategically placed trees perfect for a comfortable hammock.

But then the nightmare stories of friends and neighbors intrude. Those landscaping contractors who proved trees weren't the only things shady. The day laborer whose total disregard for the safety of himself or others became a liability nightmare. And the friend who forever replaced Tim of "Home Improvement" as the perfect reason not to become a "do-it-yourself" by rolling that rented backhoe over on himself.

Let's assume neither a lack of time nor expertise has you bypassing the do-it-yourself option for using a contractor. You could wade into that home improvement project only to find work left undone, safety precautions nonexistent, and an "insured and bonded" contractor actually means he's a part-time notary with a car insurance policy. Thus, here are a few risk management tips courtesy of the Better Business Bureau and your Trusted Choice® independent insurance agent:

  • Estimates, estimates, estimates. Consider at least three contractors and get estimates in writing. Be certain all estimates clearly comply with job specifications, quality of materials, labor and time needed for project completion. Be clear on pricing and never assume the lowest estimate is necessarily the best.
  • References, references, references. Ask for them, call them, go by and see the work.
  • Research, research, research. Check with the Better Business Bureau for business and complaint history, contractor licensing offices to verify licensing and permits, and their insurance agency to verify coverage.
  • Contract, contract, contract. Never work purely with oral agreements. A contract will establish firm requirements for a proper job, completion benchmarks, lien filings and/or release, payment schedules (never pay full price in advance) and what constitutes proper completion of work (inspections and a local building ordinance compliance visit).
  • Certificates, certificates, certificates. Always obtain a current certificate of insurance for the contractor verifying the existence of the coverages required by the work (such as general liability, workers compensation and auto insurance).

Talk with your Trusted Choice agent about how your current homeowners insurance will respond for damage to your property, injury to the contractor or worker, or liability to others such as neighborhood children who see a construction site as the coolest playground ever.

Sources:
http://www.bbb.org/wichita-falls/business-reviews/plumbers/industry-tips/hiring-a-home-improvement-cont http://www.coderedrover.org/diy.htm
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Somerville, MA 02145
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