Car Insurance Rates Pikeville KY
Elkhorn City, KY
Car Insurance Rates
Auto insurance companies are in business to maximize profits by increasing rates and reducing claim payouts. Every action taken by these companies is aimed at one or both of these objectives. Sometimes intentional abuses occur.
Insurance-buying consumers have objectives that are in direct opposition — low rates and a fair no-hassle claim process — and must take personal initiative to avoid abuse, get fair service, and save money.
What can we do? The following tips show you how to look for common car insurance problems that can cost you money — and what to do about the problems when you find them.
Watch your options
In some states, insurance companies are required by law to provide you certain coverage which are, in fact, optional. However, you have to expressly notify the company in writing of your desire to remove the coverage.
Accident waiver scam Check your renewal for ...
Most auto insurance companies will not raise your rates after a single accident. However, some companies, such as Allstate, now make you think they do, and offer a special package (Allstate's Gold Protection Package) at extra cost. The package offers what they call Accident Waiver Enhancement with which you are forgiven for an accident, which you already have without the package. In fairness, it also provides a deductible reduction over time if you have no accidents. You should evaluate the entire package before making a decision.
Accident waiver scam
Check your renewal for ...