Automobile and Motorcycle Insurance

Do Red Cars Really Cost More To Insure?

For most automobiles, motorcycles and other vehicles, liability coverage is required by law, but not all policies are alike. Newhouse Financial and Insurance Brokers designs and provides individualized coverage. If your vehicle is damaged or stolen, we’ll proactively pursue prompt claim resolutions and serve as your advocate throughout the process. We also offer classic car coverage for that special baby in your life. By the way, red cars do not cost more to insure.accident

How are Insurance Rates Determined?

Two factors establish the premium for auto insurance; underwriting and rating.  Underwriting is a process where an insurance company gathers information and decides whether or not to issue a policy to you. Rating is a process that determines how much you will pay for insurance, based on gender, age, past claims, the number of vehicles and drivers insured, where you live and even your credit score determine how much a policy costs.  In general, motorists with good driving records and claim histories generally receive lower insurance rates.

Of equal importance, consider the insurance company’s overall quality, service and satisfaction record. Policy provisions and coverage limits are also important considerations.

Optional Coverage

The most common coverage desired, in addition to the basic liability coverage, is collision and comprehensive coverage, which are not required by law. Collision coverage pays for physical damage to your car as a result of your auto colliding with an object such as a tree or another car. Comprehensive coverage pays for damage to your auto from almost all other causes, ranging from fire to weather, vandalism and theft. This coverage will also cover broken glass and windshield damage. Comprehensive coverage is generally less expensive than collision policies. Other optional coverage areas include insurance for medical payments, rental reimbursement, auto loan and lease coverage, customized parts coverage, towing and labor.

Take Advantage of Policy Discounts

Companies offer a wide array of discounts for multiple vehicles (even when one vehicle is a company car, insured somewhere else), driver education courses, good students, safety devices, anti-theft devices, low mileage, clean driving records, combined auto and home package, Electronic Funds Payment, payment in full and more.

Ask about how you can use discounts to get the lowest rates on your policy.

Marine:

Whether you are looking for recreational boat insurance, yacht insurance or commercial marine insurance, our specialists have the know-how and relationships with top-name insurance firms to help you obtain coverage for a wide range of needs.

Personal pleasure boats we cover include:

  • Power boats
  • Sailboats
  • Personal watercraft
  • Yachts
  • Catamarans
  • Ski boats
  • Fishing boats
  • Center console boats

Our commercial marine insurance lines cover losses or damage to ships, cargo and property transferred, acquired or held between points of origin and destinations.

Newhouse can help take the hassle out of the searching for the right marine coverage.  We’ll compare several insurance plans from leading companies to get you the right policy at the right price.