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3 Car Insurance Myths You Shouldn’t Believe

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Auto Insurance Misconceptions

While auto insurance is required in almost every state, there are many misconceptions that are out there about the coverage. If you get caught believing false information about your auto insurance coverage, it can lead to you investing in the wrong policy. Knowing the truth behind these common car insurance myths can help to keep you safe while on the road.

  1. Working directly with the insurance company is cheaper than working with an independent agent – auto insurance companies can only show you specific policies that they offer while independent agents are able to show you policies that are offered by all of their affiliates. Being able to choose from more policies and providers can help to make sure that you pay the right price for your coverage.
  2. You can only start looking for a policy once yours expires – no matter the length of your auto insurance term, you can cancel at any time, you will just be subject to fees. However, if you find a less expensive policy at a better price, paying the cancelation fee may be worth it in the long run.
  3. Your rates will automatically go down when you turn 25 – age is one of the most important factors when determining your premiums, but that does not mean it is the only factor. While people 25 and older are considered to be lower risk, your auto insurance company will look at other factors, such as your driving history. If you are over 25 but have a spotty driving history, your rates will not decrease until your driving record clears up.

Contact Cappuccino Insurance Agency in Westlake Village, California for all of your auto insurance coverage needs. We will work with you to make sure that you have the protection that you deserve, all at the right price.

Lowering Your Commercial Auto Insurance Rates

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Insurance Premiums For Company Cars

Finding the right commercial vehicle insurance policy that will best fit your needs can be much easier said than done. There are many factors that you need to consider when deciding on the right policy, all which can have serious impacts on how much you pay each month. Make sure to consider all of these factors to ensure that you are able to invest in the right amount of coverage for your specific needs.

  • Your drivers – the driving record of all your employees is one of the biggest factors that is used to determine what your commercial auto insurance rates will be. When hiring new drivers for your company, make sure to take a look at their driving record. The better their record is, the lower your rates will be.
  • Your fleet – your auto insurance company will want to know what type of vehicles you are looking to insure. The more expensive your vehicles are, the higher your rates will be. If you are planning on buying new vehicles to fill up your fleet, consider newer vehicles that may qualify for more discounts than older vehicles.
  • Your vehicles – each company vehicle that is included in your fleet helps to determine your rates. There are auto specific coverage options that can help to lower your price if you properly insure your cars. If you have many different types of cars in your fleet, you may want to invest in similar commercial coverage for each vehicle to keep your premiums as low as possible.

For all of your Conejo Valley business insurance needs, and to ensure that you have the right amount of coverage, contact Cappuccino Insurance Agency in Westlake Village, California. As an independent insurance agency, we will work with you to ensure that you have the coverage that you deserve, all at the right price.

What Smoking Means For Your Life Insurance Premiums

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Smokers and Life Insurance

It is not a secret that smoking is bad for your health. Due to the fact that smoking can significantly shorten your life, life insurance companies will dramatically increase your policy premiums when you are a smoker.

When determining your life insurance rates, your life insurance company will most likely require that you get a physical to determine your weight, height, blood pressure, and other health metrics. If you have a risky habit, such as smoking, you will face much higher premiums than a non-smoker. Men and women who smoke spend more than $1,000 more each year for a term life insurance policy than those who do not light up.

If you quit smoking while your insurance policy is already in place, your premiums will decrease each year that passes. However, you will need to avoid cigarettes for at least five years before you will start paying the same life insurance rates as non-smokers.

If you are an ex-smoker, there are some strategies that you should keep in mind to ensure that you are getting the right amount of protection, including:

  • Do not lie – your medical records and medical exam will reveal if you were a smoker, so your insurance company can figure out if you were lying on the application. Lying to your insurance company can be considered fraud and may lead to issues with the death benefit.
  • If you start smoking after your policy is already in place, you will not need to notify your insurance company, just like with any other medical problems that you develop after your policy is in place.

For all of your Conejo Valley life insurance needs, contact Cappuccino Insurance Agency in Westlake Village, California. We will work with you to make sure that you and your loved ones have the protection that you deserve.