Frequently asked questions

Insurance pricing is complex, but in general you should be able to lower your rate by driving safely, lowering your deductible, changing your payment options, bundling your other insurance policies with the same carrier, asking about discount programs that insurers offer. Staying with a carrier for a few years also helps as you get rewarded for longevity!

Several factors could influence your rate, including but not limited to the cost to repair your car, miles driven per year, safety features on your car and details about you like your driving history and whether you own a home. In some states, your credit score could also be a factor.

There are two big areas of coverage on your auto policy: medical and physical damage. Both are important and you want to make sure you have the best coverage you can afford. Sometimes saving a few dollars in the short run can cost you a lot of money in the long run. A Comparion agent can help you find the best policy for you.

Homeowners insurance typically includes coverage for destruction or damage due to natural disasters, fire, wind, hail, hurricanes, vandalism, and theft. The following insurance coverage typically comes standard with homeowners policies:

• Dwelling
• Personal Property Coverage
• Personal Liability and Medical Payment to Others
• Additional Living Expense/Loss of Rent

While Dwelling refers to the physical structure of your home, Personal Property Coverage refers to the cash value of covered personal property that may need replacement after a covered loss. Common items included are furniture, electronics, and valuables up to a certain amount.

Home insurance is required when you have a mortgage. If you do not have a mortgage, home insurance is typically not required, however it is strongly recommended to protect your home (most people's largest asset) with homeowners' insurance.

The age and size of the home, rebuild cost, location, which deductible you select, and claims history are all important factors.

For a primary and secondary residence, personal property is covered. We recommend having personal property replacement cost coverage to ensure your personal property is insured at today's value versus a depreciated value. There are special limits for high-value items such as jewelry, firearms, rugs, cameras, and more. Your agent can help you schedule your high-value items.

1. Dwelling with extended replacement cost coverage to rebuild the home.
2. Personal Property with replacement cost to ensure your personal property is replaced at today's value versus a depreciated value. Depending on your needs, there are additional endorsement options to discuss with a Comparion agent.

Proper flood or earthquake coverage can be provided by connecting with your agent. Many insurance companies specialize in these policies. Your agent's expertise will help you obtain the right coverage.

Increase your deductible, install a reporting alarm system, replace your roof, make sure you're covered properly and paying for what you need.

There are two main types of life insurance: term life insurance and permanent life insurance. Term life insurance pays a cash benefit to your loved ones (also known as beneficiaries) after the insured's death. The policy's term refers to how long it will last. Typical terms are ten, twenty, or even thirty years.

Permanent life insurance is more expensive but provides various advantages over term life insurance. The primary difference is it insures you for the rest of your life as long as you make your payments. Many people find it comforting to know that they will always be covered. Permanent life insurance also has the advantage of accumulating cash value over time, which grows tax-deferred, like assets in most retirement and college savings programs. A Comparion agent can help you find the best policy for you.

There's no way of knowing precisely how much money your loved ones will require if you pass away.

However, there are three simple methods for estimating that amount. Experts advise erring on the side of caution and purchasing a little more life insurance than you think you'll need.

Option 1: Multiplying your gross (or before-tax) income by 10 to 15 is one of the simplest ways to get a rough sense of how much life insurance to buy. Another popular formula suggests adding $100,000 to that figure to cover the costs of each child's college education.

Option 2: Calculate the immediate, ongoing, and future expenses that your family or loved ones would face if you died. This can include anything from funeral expenses, rent or mortgage payments, and college tuition.

Add up the financial assets that you and your family already have. This could include a spouse's income, savings, assets, and existing life insurance. Subtract your available funds from your projected expenses. The difference between the two figures is the approximate amount of life insurance that should be purchased.

Your agent can help you with these calculations and advise which policy type best fits your needs.

Renters insurance is not required by law, but may be required by your landlord or property management company.

Several important factors impact the cost, including the the deductible, the property location, type of residence, coverage amount you select for your belongings, liability, and medical payments coverages and whether you bundle your renters insurance with additional insurance policies.

The primary coverages include your personal belongings, loss of use if your unit is uninhabitable due to a covered loss, liability coverage if you injure another party or damage someone else's belongings, and medical payments if someone gets injured while visiting. A Comparion agent can help you find the best policy for you.

An umbrella or excess liability policy provides additional personal liability protection for yourself and household family members. In the event your liability limits are exhausted on your other home or auto policies, the umbrella may payout for claims where you are deemed to be negligent or liable. Your associated attorney fees may also covered.

If you have assets like a home, a car, and savings, you probably need an umbrella policy to protect them.

You want enough to cover your assets less what you have on your underlying policies. Keep in mind if you are sued and must go to trial, juries may award substantially more than the expected damages if they deem the negligence to be egregious. A Comparion agent can help you find the best policy for you.