Announcement: Rates here are among the lowest

“Rates here are among the lowest”

“The average Ohio homeowner insurance premium is projected to rise by 3.4 percent to $834 on average, more than $300 less than the national average and the ninth lowest in the U.S.  When it comes to our vehicles Ohio’s premiums are expected to increase 3.3% to $715 about $200 less than the national average – the 12th lowest in the country.  Despite rate hikes Ohioans still pay some of the lowest insurance rates in the nation.”


Source:  Dayton Daily News Sunday October 30, 2016 written by Rich Gillette

Announcement: Distracted Drivers: You Did WHAT Behind the Wheel?

People Admit to Odd Behavior in New Distracted Driving Survey

Read the full article on

“A distraction is anything that causes a driver to take their eyes off the road, their hands off the wheel, or their mind off their primary task of driving safely,” said Doug Smith, senior vice president, Personal Lines, at Erie Insurance. “Our survey found drivers unfortunately are engaging in a wide range of distracting and potentially dangerous behaviors.”

ERIE's distracted driving survey revealed some pretty interesting things.

Announcement: Ohio’s premiums among lowest in country

Insurance Department Announces Auto and Homeowners Insurance Rates
??Ohio’s premiums among lowest in country

COLUMBUS — Lieutenant Governor and Department of Insurance Director Mary Taylor announced Ohio’s 2012 auto and homeowners insurance average rates, information that is annually compiled by the Department.
“Ohio’s historically competitive insurance marketplace continues to provide consumers with choice and affordable options for auto and homeowners insurance,” Taylor said. “Our strong, but fair regulatory standards and emphasis on reducing regulatory red-tape for insurers are benefiting consumers.”
Ohio has the 6th lowest homeowners ($624; national average $906) and 9th lowest auto insurance ($619; national average $791) average premiums in the county, according to 2010 data, the most recent figures available from the National Association of Insurance Commissioners (NAIC).
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Announcement: Report: Ohio Auto Insurance Prices Continued Rise in 2012

Ohio officials are taking notice of a trend for the state’s motorists: the average driver is paying more each year for auto insurance than the year before it.

Figures released this week from the Ohio Department of Insurance (ODI) shows that the average rate among the state’s top 10 car insurers—which together account for 74 percent of the market—jumped 4.1 percent between 2011 and 2012.

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Auto Insurance Rate LOCK from Erie Insurance

Erie Insurance has recently announced their new Rate Lock or Rate Protection Endorsement. 


This endorsement allows auto insurance policyholders to “lock in” their auto insurance premiums for longer than 12 months.  The locked in rate remains in effect year after year until the policyholder does one of the following:


*Adds or removes a vehicle from their policy

*Adds or removes a driver from their policy

*Changes their primary residence


That’s right; speeding tickets, fender benders, accidents, not even company rate changes will change the policy premiums for that policyholder unless they make one of those three changes listed above.  This gives policyholders control over their auto rates by extending Erie’s already 12 month rate.  This new endorsement can be added when one of those three changes occurs or on the policy anniversary (renewal) date.  Other discounts, such as home/car, can be added and take effect immediately as always.  Studies show that about 50% of Erie’s auto policyholders would lock in their rates for at least three years!


Contact our office for more details.


Car Insurance From Lampton/Engle Agency Beavercreek Ohio

Car Insurance From Lampton/Engle Agency Beavercreek Ohio

6 Tips To Cut Costs On Your Car Insurance

Please go to our Agency Newsletter and read about the 6 tips to cut costs on auto insurance.  Click on the Winter 2008 and scroll down for the article.

Remember to contact Brian, Debi, or Barb about your home or auto insurance, we will call you back!

God Bless everyone, have a joyous and safe holiday season.



Why Adequate Coverage Is So Necessary

According to a 2003 study by the Insurance Research Council, the leading property/casualty research organization in the United States:

  • Between 1997 and 2002, the average medical liability payment to claimants in “serious” accidents, that is, accidents in which one person was admitted to a hospital, was $46,199.
  • Between 1997 and 2002 62% of all claimants that received any amount of bodily injury liability payments also were paid money for lost time from work.
    • Of those 62%, the median number of days lost from work was seven.
    • 20% of those who lost time lost more than one month of work.
    • The payments for lost work time range from an average of $5,000 for the median claim, $15,089 for one month claims and $30,253 for those out of work 3 months or longer.

These dollars area also paid under the bodily injury per person and per accident limits.

  • Between 1997 and 2002, 25% of claimant’s cars in accidents where bodily injury liability payments were made contained more than one passenger. In over 83% of those instances, when one passenger was injured the others were also injured. So, consider the above figures and at least double them in one quarter of accidents.
  • Courts tend to be generous with liability awards. From 1997 to 2002, fully 81% of bodily injury claimants received bodily injury payments that were greater than the actual losses they claimed.

Auto Insurance In English Please

Photo of Ford Mustang GT500

What Does It All Mean?

Insurance companies use terms that are difficult for some folks to translate so it can be understood.  We will attempt to help define some terms and try to simplify them so they are easier to understand.

Comprehensive or “Comp”:  This term refers to coverage for your car.  The best way to put it is that this coverage refers to damage to your car caused by everything other than a collision.  The “Comp” coverage should include things like theft, vandalism, hail, falling objects, glass (windshield) breakage, flood, insects, anything other than collision.  This will also include hitting an animal or person.  Hitting a deer that tears up the front of your car would be considered a “comp” claim.  What it won’t cover are the usual things such as wear and tear, intentional acts, war, manufacturing defects, and so on.  The “comp” coverage on your car is about the broadest most comprehensive type of insurance that you can buy because it includes things such as flood, earthquake, rodents, vermin, and insects.  Remember each company is different so it is important to read your policy or talk with your agent.  This coverage usually has a deductible, which means, the customer pays the deductible FIRST, before the insurance company will pay.  The higher the deductible, the lower the premium charge.


Collision:  This term is fairly well understood.  This is when your car is damaged by a collision with another vehicle, bike or object.  Remember that hitting an animal is not a collision.  If a kid on a bike hits your parked car that is a collision.  If you hit a pothole that is a collision, or hitting a ditch would be a collision.  Hitting a tree or other stationary object is a collision.  This coverage also usually has a deductible.


ACV:  This term refers to Actual Cash Value or in english, the value of the car.  What is the book value or retail value of the car just before the moment of loss.  Many factors are involved in determining the “value” such as the year, make, model, current mileage, options, and overall condition of the car.  Insurance companies have extensive data bases to calculate these values based on the area of the country you live and what price the car could be reasonably be sold.  This is often a source of great frustration with people because it never seem “fair”.  Our web site has a link to the NADA and to auto-trader to help folks determine the ACV or value of their car.


Bodily Injury Liability:  This is very important coverage that pays on behalf of the customer for injuries they caused in an accident.  Included in this coverage are defense costs.  This means the insurance company will hire and pay for the defense of a suit against the customer who may or may not have caused an accident.  Even though most accidents don’t involve injuries, when there are injuries, the medical bills, time off work, pain and suffering costs can really multiply.  The law requires owners or operators of motor vehicles to have this coverage, the call it financial responsibility.  There is usually no deductible for this coverage.  Some people call this the insurance for the other guy.


Un-insured and under-insured bodily injury:  This is a fun one.  First of all, this coverage is designed for INJURY only, not for coverage for a car.  This coverage is activated in the event that YOU are injured in an accident, and you are not at fault AND the person(s) at fault has no or less insurance than you.  Then you can collect injury, pain and suffering, loss of work, and such against the person who CAUSED the accident from your own policy.  A lot of claims are paid under this coverage because 20% (or so) of Ohio drivers do not carry any liability insurance.  This coverage protects the customer from financial loss just like the “regular” bodily injury does. 


We recommend people carry high deductibles to help keep their insurance premiums down, but we also recommend people consider and carry high limits of liability.  We are a very litigious society and one mistake that leads to an accident can dramatically affect a persons financial future or worse wipe out their life time of savings.