Car Insurance

 

policy Highlights

Our classic Old Car Insurance plans are designed for all makes and models of collectible and exotic cars, regardless of their age. These plans are much less restrictive than typical "never-leave-it-unattended" policies.

• Low Premiums: Leland-West saves clients an average of $548 per year (based on a survey of the savings achieved by our most recent 200 customers).
• Get Your Classic Car Fixed Where YOU Want By The People YOU Trust: We don't play the "three estimates" game. We know your classic car is not ordinary. Like you we are not interested in seeing it get fixed with anything but the right parts.
• Spare Parts Coverage: $2,000 for direct and accidental loss of spare parts is included free, and you can buy more if you need it.
• Trip Interruption Coverage: $600 to cover your lodging and transportation expenses if you are stranded due to the disablement of your classic car.
• Relocation Expense Reimbursement: Is a hurricane on the way? We'll help you with the cost of getting the car moved out of the storm's path.
• New Car Addition Coverage: Up to $50,000 for any eligible classic car you buy in addition to the exotic or classic car you already insure with us.  If you ask us to add the vehicle to your policy and provide details, any appropriate Agreed Value applies (in other words this only applies to unreported vehicles).
• Pet Injury/Death coverage: up to $750 for veterinary care or replacement if the worst happens to your pet while occupying your vehicle in an accident.
• Agreed Amount Coverage (with Inflation Guard): No surprises. No arguments. No worries. If you suffer a total loss we pay the full policy value.
• Mileage Rollover: If you pick an optional annual mileage limit, and then drive less than that limit, your unused miles roll over to your next policy year. They never expire.
• Policies Tailored to Your Lifestyle: You drive your classic car less. You deserve to pay less. Its a simple concept and We Get It.
• Full Safety Glass Coverage: We pay for the full cost of repairing/replacing a damaged windshield on your classic car.
• Multi-car discounts: Pay for Liability charges only once, no matter how many classic cars you insure with us (you can only drive one classic car at a time, after all).
• Nationwide Roadside Assistance: Much more than just towing coverage. Available for only $10 per year.
• We are excited to be in partnership with AXA Art and New York-based AXA Insurance Company, Rated A+ (Superior) by A.M. Best. The AXA Group is one of the world's insurance leaders with almost €100 billion in revenues worldwide.

Coverages are available in most states. Additional options may be available. Many states require unique coverage per individual state laws. Have a question about our program? Give us a call at 877.237.4730.

Car insurance

Agreed Value vs. Stated Value

What's the Difference?

If you have an exotic, modified or classic car, and you are nervous about any potential insurance settlement, chances are you have good reason to be concerned. If a classic car is totalled by the insurance company, will you receive a fair value for it? Is there a way to lock in an answer of "Yes"? Fortunately there is.

There are three different bases that an insurance company can use to value an insured auto. Lets first look at the one that almost everyone has on a typical insurance policy:

Actual Cash Value (ACV)

ACV translated means "What its worth in cash, today (just before you crashed it)." After your accident, an insurance company adjustor will go out to the tow yard and look over your vehicle. After that, using sources of their choosing, they will look up what the typical value should be for your car, and this will be their settlement offer. They may adjust this offer if you object and have some evidence to back up your claim. Or they may not. If the disagreement is strong enough you may need to hire either a lawyer or a mediator. Needless to say this is not an ideal position to be in. You buy insurance so you can be taken care of when suffering through a difficult situation. You don't need to be researching classic car values, making angry phone calls, firing off letters and certainly not hiring - and paying for - attornies.

Agreed Value

If ACV is the problem, Agreed Value is the solution. If you have a classic insurance policy - from a dedicated company that only issues this sort of policy - this should be the kind of coverage you have. Instead of the above scenario with ACV, what happens instead is you and the insurance company agree on the vehicle value when you sign up - before the policy is issued and any money changes hands. In the event of a disaster, the insurance company guarantees to pay the value that the two of you agree upon before shaking hands. No ifs, ands or buts.

We said this "should" be the kind of coverage you have. You might not. To find out for sure, look in the physical damage section of your policy. Somewhere in there it will say what is going to happen if your classic car is a total loss. The exact statement should be very close to this:

You might see the term 'Guaranteed Value' in your insurance travels. What is that? 'Guaranteed Value' is just a marketing-savvy way of saying 'Agreed Value'. The two are the same.

However, its the actual language in the policy contract that spells out what and how you get paid; not an ad headline.

So have your agent show you where in the policy language your value is either Agreed upon or Guaranteed.

If they can't... it isn't.

In the event of theft or a total loss we will pay the Agreed Value.

Thats it. Short and sweet. No wiggle room. No more words. Agreed Value is a simple idea and if the coverage is what it claims to be it should be written up simply in the policy.

So thats the good news. An Agreed Value guarantees you will get the protection you paid for. We're done, right? Sadly no. We have to cover one more valuation basis. This is the one that spells trouble for the consumer. It masquerades as Agreed Value but it most certainly is not.

Stated Value

Your typical Big Auto Insurance Company sells policies that pay out on an ACV basis. We covered that above. Those same Big Auto Insurance Companies have customers with collectible autos who want something better. Unfortunately, Big Auto Insurance Companies are typically not set up to handle this sort of thing properly (for reasons too complex to go into here). What winds up happening is consumers often get offered a Stated Value by the typical Big Auto Insurance Company.

Remember the short/sweet payout clause for an Agreed Value? This is what Stated Value says about a total loss:

"In the event of theft or a total loss we will pay the Stated Value
or the Actual Cash Value, whichever is less."

Yikes. Stated Value has an escape clause that lets the insurance company fall back to ACV... and its the default action, to boot. Chances are thats not what you had in mind when you paid extra for the Stated Value endorsement.

So is Stated Value designed to rip people off? No. It can be a good thing in some narrow circumstances... the kind that likely will never do you any good.

• Stated Value exists to decide how much premium you pay. Not how much you get paid.
• Stated Value lets you insure the car for less than what its really worth in exchange for a lower premium.

Clear as mud so far? Thats understandable. This is something that even professionals who do this for a living get wrong fairly often. Lets give an example that should explain how its supposed to work (for simplicity's sake we will ignore the concept of 'co-insurance' in this example):

You inherit a classic Ferrari from a relative, who bought it new many years ago and never really drove it. Its a masterpiece that is now worth 1 million dollars. It falls to you to insure this classic car, and you have a problem: The insurance for a $1,000,000 classic masterpiece is more than you are willing to pay. The price is livable down around $300,000. So you take out a Stated Value policy for $300,000 on the car. After all, you won't be out of pocket $1 million if the car is stolen, but you certainly want all the protection you can afford.

Now the Stated Value payout clause makes perfect sense. And its completely fair and reasonable. This is Stated Value done right, and its almost never going to be what you want or need. In fact, if you want to limit your recovery and manage your premiums, an Agreed Value policy for a lesser value will do the same thing, except the value you receive is guaranteed.

If you want to guarantee yourself the value you expect on your classic car, refuse to settle for anything less than an Agreed Value on a classic insurance policy.

Car Insurance

                                 Auto Car Insurance

 Isn�t it odd when people never bother to go online to get a few car insurance quotes? It only takes a few minutes and can save people a bundle, so why don�t more people do it? Maybe they�re uninformed about the process. After all, getting a quote online is quicker and easier than calling an agent on the phone.

Instead of giving out a slew of information over the phone, you just enter a few details and send off your quote request. Shopping online is quicker and easier, so you can get three quotes in the time it would take to get just one over the phone. The Web makes it easy to follow the advice of money-saving experts and get three prices on everything before you buy.

Old Habits Die Hard

It is common for people to prefer their old ways. Someone who has always gotten insurance through referrals from friends and family is comfortable doing it that way. Cousin Mike says he gets a good deal, so the insurance shopper automatically goes with Mike�s agent, never checking the price.

Little does our shopper know that Mike thinks he�s getting a good deal, but he never bothered to get three quotes either. He�s paying way too much for his insurance and getting a policy with his agent will put you in the same boat.

Loyalty

Other shoppers have just been with the same company so long, they would feel disloyal to go shopping around to another one. Understandably, you may be emotionally attached to your agent. She may be very kind and understanding. She may provide outstanding customer service. But at what cost?

People change insurance companies all the time. No one will hold it against you. Of course, you could always grab a few online quotes and give your agent a chance to beat the price. That way, you aren�t just running off to another insurer without giving your agent a chance to keep your business.

Heavy Advertisers

Some people just want to go with a name they know, so they go directly to the company that they see the most on TV. Some companies bombard multiple channels with a slew of ads that have nothing to say. All they want to do is grab your attention with a gimmick so you will see their logo. They know that the absent-minded will simply gravitate towards that logo when they go insurance shopping.

But those who fail to stop and think a moment about saving money end up paying too much for car insurance. Companies that splash their names all over television spend millions on advertising. Who do you think they pass that cost onto? Their customers of course! Don�t be lulled into a false sense of security just because you are familiar with a company logo. That won�t save you money and it won�t get you better car insurance. The best thing you can do is shop around, and what easier way to do it than online?

Fear of the Unknown

Many consumers have had a bad experience shopping online for other items, so they worry about getting car insurance quotes online. They are afraid of being bombarded with emails or phone calls. While this may have been a legitimate concern at one time, consumer protection laws are in place now to protect shoppers from aggressive telemarketers. If you don�t like getting e-mails from a company that sent you a quote, simply unsubscribe through a link at the bottom of the message. It�s two seconds of your time for potentially hundreds of dollars in savings.

And you don�t have to worry if you are midway through your policy. Your insurance company will refund any payments you have made towards the remaining policy period. You have a right to cancel your policy any time you want and you have a right to get overpayments back. Usually, you�ll have the money back with days; sometimes it may take up to a month.

Embracing Technology

If you�re still not convinced, think of it this way. How has the Internet affected your life? Has it been good or bad? Can you do more in less time or does it slow you down? Has the Internet saved you money by making cheaper retailers easy to find, or are you paying more money than you should? It�s a good bet that everything you do online has been beneficial to your lifestyle. Online banking, e-mail and social networks have all made your life easier and more fun. Car insurance is no different.

Get in the Game

It�s time to wise up and get in the game. Compare quotes from different providers and get the best deal available. Continuing to buy insurance the old way is like saying you could care less about saving money. It�s such a simple time saver. Anyone who has gotten quotes online before knows that the old way just doesn�t compare. There is no faster or easier way to get the insurance you need at the best price you can find.

Quotes that Work Around Your Schedule

Now that you understand the benefits of buying car insurance online, there�s no reason not to try it out and see for yourself how fast and easy it is. You can do it when you have time, not just during the insurance agent�s office hours. Don�t lose productivity at work trying to get it done during regular business hours. Just go online any time of day or night, or even on the weekend. The Web is never closed, so the entire process revolves around your schedule, your preferences and your needs.

Several online companies can give you quotes quickly and easily from our interface. Some of the companies are traditional insurers that also do business online. Others are companies that do everything online. Either way, using technology lowers the insurance company�s costs, and you get the benefit of those savings. All you have to do is enter your zip code in the box at the top of the page and follow a few prompts. It�s fast, it�s easy and it can save you a bundle.

When you buy a car, it is your responsibility to make sure it has automobile insurance. It's important to carry auto insurance, because you never know when you're going to get into an accident. Someone could crash into and cause grave damage to your car or truck, and without insurance you would have to pay for all of it. Even worse, it you don't have insurance and you run into another vehicle you can owe tens and even hundreds of thousands of dollars if you seriously injure another driver.

If you drive often in the US, you know the roads are accident prone and automobile collisions can occur frequently. Accidents can occur because of the cavailier attitude of drivers, the sudden failure in a tire or engine or a multitude of other reason. If you have car insurance, you can rest easy as you may have to pay a deductible, but not the complete amount of the damage to your car or someone elses.

Here at CarInsuranceQuotesComparison.com we have many major companies that offer insurance on your car at affordable rates. You can get started now, by entering your zip code above and then checking out the prices. It's never been easier to compare car insurance quotes online with our customzied software that allows you access to companies like Geico, Nationwide, Progressive, GMAC and AIG.

Every insurer has a different way of determining your car insurance quote, so it pays to get multiple rate quotes from different companies. It's important you're comparing apples to apples in the rate quotes. Some quotes will include general liability others won't. Some quotes will have a $1,000 deductible, some may only have a $500 deductible.

If you get pulled over by the police, one of the first things they will ask you for is proof of insurance. If you can't show proof of auto insurance, it can be a very large fine in almost every state. This is one more reason why it's imperative that you pay for car insurance at all times.

There are a few perks to having auto insurance. If you get in an accident and your car is totaled, there's a good chance your insurance company will set you up with a rental car unitl your damaged car is fixed or replaced.

Take time out of your busy schedule and get multiple rate quotes. 10 minutes of your time could save you hundreds of dollars on car insurance, you owe it to yourself to get that done.

Qualities of a Good Car Insurance Company

While shopping for car insurance from an insurance company, you have to consider numerous factors. In many instances, the people search for an insurance company that provides cheapest quotes. There is no problem in considering different quotes for cost cutting so that a person can save more dollars. When you consider insurance, there should be more to the cost of a service or product.

If you focus only on price while choosing an insurance company, you may miss other features. Unfortunately, if you select a wrong company, you will not know it immediately. You may know about your mistake when you don’t receive any facility or assistance. This situation will be harrowing. Now you may be worried about the selection of a car insurance company. If you want to evaluate some options, you can consider some factors to reach a reliable conclusion.

Customer Service

Car insurance is all about quality of services. Insurance companies should be service-oriented because you are not purchasing a physical product, consume it and done. An insurance company must provide reliable and active customer service. Customers must reach the company through different forms of communication, such as online chats, emails, and telephone. For numerous customers, emails, online, and telephones are good options.

Customers always like a platform to quickly get the assistance of qualified personnel from the insurance company. If you want to avoid troubles in the future, you must consider the quality of customer service before choosing an insurance company. You can do this by testing the customer service of an insurance company by making a call to their provided telephone number. You should notice their response time.

Some insurance companies are habitual to transfer their calls to the automatic answering machine. You have to spend almost 15 to 20 minutes waiting for a human being to attend you. This situation is no right and a clear signal that this insurance company lacks employees to respond the queries of their clients. Nowadays, people choose 24/7 work so the best insurance company should provide 24/7 customer service.

Experience

The experience of a car insurance company is an important area that you must consider while shopping an insurance policy. You must check the competence of an insurance company. The key staff and management of an insurance company must possess essential skills and qualifications. Moreover, they should maintain on-going development and learn to stay updated on state regulations and policies.

In this ever-changing world, it is essential for insurance companies to update their system to attract maximum clients. If you want to know about an insurance company in your city, you should check the website of this insurance company. Insurance companies with skilled staff often feel the pride to display the profile of essential staff members on the site.

If you want to know the way they use to update their state regulations and policies, you can check the blog of this company. Good car insurance companies upload relevant articles on their blogs that can be useful for clients. A static website doesn’t show that insurance companies are not committed to learning and on-going research.   

Claims Processing

People often want to buy car insurance for the security of their vehicles. People want to enjoy maximum protection from the insurance provider. For instance, people insure their cars so that insurance company can reimburse or pay the protected in case of an accident that may cause injury thereby referring to a personal obligation. Therefore, it is essential to select an insurance company as per your needs to insure your vehicle. You must have an insurance company that should not decline your claim at the time of need. A company may not honor all your claims. Notwithstanding, if your claim must be rejected, there should be a justifiable reason.

Some insurance companies are famous for not paying claims to customers. A reliable car insurance company must pay valid insurance claims and ensure that these claims are administered promptly. Some insurance companies may prefer online methods to process claims to decrease hassles of customers. If you want to evaluate the insurance companies, you must consider the complaints of customers as your yardstick to evaluate satisfaction.

Selecting companies with minimum complaints from customers will be good. Complaints and comments from customers will help you to know the service quality of an insurance company. You can compare the websites of insurance companies. You may get valuable information from colleagues and friends. 

Financial Stability

Insurance industry works for the benefits of customers, and they are managing everything in a right way to allocate resources efficiently. To make a profit, some companies engage in the investment of their funds so that they can get more to pay out claims. Some companies may have limited funds for payment of claims. Insurance companies may not have financial stability, and they may not pay claims of their customers.

Insurable events can be unpredictable and if an organization is financially unstable, it can’t provide all claims within a short period. To check the financial stability of insurance organizations, you must check its financial statements insurance companies must file their quarterly and annual financial reports. These statements must be prepared as per US legal principles of accounting as mentioned by NAIC (National Association of Insurance Commissioners). Some variations are subjected to prescribed variations under state law.
It may be useful for some people to know the way to construe financial statements. You can check the rating of insurance companies and choose top rated companies.