The NAIC survey also found that some of the basics of auto insurance are not well understood, even though it is one of most commonly purchased types of coverage by people of all ages and demographics. The survey found that:
•More than six in 10 Americans (63 percent) do not understand that if property gets stolen from their car, it is covered by their homeowners/renters policy—and not auto insurance.
•More than half (54 percent) do not realize that, depending on the state in which you live, your credit history may be one of the factors considered by insurance companies when determining your premium. Other factors that can affect your auto insurance coverage include: driving record, type of vehicle and the deductibles you choose.
•Eighty-six percent of Americans do not know that when their liability coverage is 100/300/100, the last figure represents the maximum amount that their insurance company will pay in property damage for an accident.
Emphasis on customer service, information, and great value, it is our personal agency goal to be experts in our field. We carry Safeco, Pemco, Progressive, Hartford, American Modern, Foremost, Progressive, GMAC etc.... Our webpage for McNaughton & Nate Insurance Group is: http://www.theinsuranceguyslive.com
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