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

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.

Brian

What are the factors that can affect the costs of my car insurance?

• Gender, age and even marital status.
• Driving history. The “cleaner” driving record you have, the lower your insurance costs will be.
• The area of driving. The insurance company will quote a higher rate in a big city.
• The condition of your car.
• The amount of insurance.
• Credit history will also influence the amount of your premium.

How can I my auto insurance rates be lowered?

• Drive legally in order to maintain a good driving record.
• Comparison shop for insurance.
• Obtain higher insurance deductibles.
• Get discounts whenever they apply to you.
• Protect your credit rating.

Every Insurance company uses their own rates and they are based on their own experience.  A major factor in auto rates in recent years is a persons credit history.  Insurance companies will rate based on a number of factors relating to that persons credit history, such as the number of loans they have , the number of credit cards they have, and what the credit limits are, their pay history and other factors are used.

The best thing to do is develop a good working relationship with your agent so you can have conversations about these things in order to maximize your coverages and minimize your premiums.  Our agency prides itself on people who genuinely care about our clients and strive to do our best to return calls, provide value and most of all deal honestly with our customers.