Auto Insurance

Most drivers are adequately covered for the average rental (assuming it's for pleasure and not business). However, if your coverage is liability only, because you have opted out of Comprehensive and Collision coverage, then you may not be covered.  Please call Algate Advisors for your policy specifics.

If your child has a learner's permit, it is important to add them to your policy, however, there is typically no additional charge until they have their driver's license.  The insurance company likes to know if there are new drivers in the household but as long as the new driver has a licensed driver in the passenger seat with them, they have coverage under the family auto policy.  It is extremely important to let us know that your child has gotten their driver's license as soon as possible so we can add them to your policy.

If you or your family member is driving your auto for another company, delivering something like pizzas or flowers for a flower shop, it is very possible that your auto is NOT covered by your current policy.  Contact AIA if you have questions regarding this.

There are many ways to lower auto premiums.

1. Billing Options: You will frequently pay a lower premium for auto insurance by paying your premium in full or paying via scheduled monthly EFT (out of your checking account).  When the insurance company has to send a paper bill every month, your premium will be increased and you will many times pay a larger monthly fee.
2. Email Address:  By simply supplying the company with an email address, many times this will get you an discount.  Easy to do for free money.
3. Shop Early:  Most companies offer a discount for shopping 7-10 days before you need the auto policy.  They feel clients should be rewarded for being responsible and not attempting to get insurance at the last possible moment they need it.
4. Combine Coverage: The best way to lower premiums is to place your home and auto insurance with the same carrier.  Those discounts can make a huge difference in the overall premium.

If you plan to have a car in the future or are between vehicles, you should keep an auto policy. The best way to increase your premium in the future is to go without insurance for any length of time whether it is 1 day or 6 months.  You can get an inexpensive driver only policy that will continue coverage while you are between cars.  If you buy a car in the future and do not have insurance, you could pay anywhere from 25-40% more because you are uninsured.

This is a question that most people do not have the correct answer for.  There is very minimal coverage for your personal belonging inside your auto.  If you have an auto theft and your golf clubs, laptop and cell phone are all in your car, your auto policy will not have enough coverage to replace those items.  This loss would fall under your homeowner's or rental policy.  It is very important to have a homeowner's or rental policy because that policy covers your personal property, wherever you are.