Category: Auto

Plymouth Rock Assurance Review

Founded in 1982, Plymouth Rock Assurance provides a selection of property insurance and bodily injury insurance products to customers across the states of New York, New Jersey, Pennsylvania, Massachusetts, Connecticut, New Hampshire.

In this Plymouth Rock Assurance review, we’ll compare this provider to other regional and national insurance carriers, helping you find the best insurance policy for your needs.

Plymouth Rock Car Insurance Coverage

Plymouth Rock Assurance offers a host of car insurance coverage options, allowing you to meet the minimum requirements in your state and go above and beyond those requirements when needed,

Bodily Injury Coverage: Limited to a fixed amount of money per person and per accident, bodily injury insurance covers the harm done to other people in an accident. It is designed to help them with their medical bills and other payments resulting from an accident.

Property Damage Coverage: Also fixed to a specific sum, property damage insurance is designed to cover the other driver’s vehicle in an accident, as well as other property that you damage.

Collision Coverage: A type of insurance that covers you for damages done to your own car. With collision insurance, you will be covered regardless of who caused the accident and you’ll also get cover if the accident involves an obstacle (tree, guardrail, wall, fence) as opposed to another vehicle. You will not, however, be covered if you hit a deer. One of the quirks of this coverage option is that you’re only covered for animal collisions if you swerve and hit a wall/tree.

Comprehensive Coverage: With comprehensive coverage, you’re generally covered for the things that collision insurance can’t reach. It covers deer collisions and other accidents involving animal strikes and it also covers damage caused by weather and vandalism.

Personal Injury Protection (PIP): This coverage option works like bodily injury coverage, only instead of protecting the other driver and their passengers, it protects you, covering you for lost wages and medical bills.

Medical Payments: A type of insurance specifically designed to cover your medical bills. Unlike PIP, medical payments coverage will not give you money lost as a result of missed work.

Underinsured/Uninsured Motorist Coverage: When the other driver’s insurance cannot cover your claims, either because they don’t have enough or they don’t have any, uninsured/underinsured motorist insurance will step in.

Plymouth Rock Assurance Auto Insurance Features

Plymouth Rock Assurance has three different levels of auto insurance: Plus, Preferred, and Premier.  There are different coverage options available at each of these levels and you can upgrade if you feel that those options will serve you well.

Some of the features offered at these different levels, along with the additional coverage offered to all policyholders, include:

  • Door to Door Valet Claim Service: Plymouth Rock auto insurance customers can arrange for their cars to be picked up from their homes and taken to a nearby repair shop. Once it has been fixed, it will be returned at a time that is convenient to the policyholder.
  • Guaranteed Repairs: If performed at a listed repair shop, all repairs will be guaranteed by Plymouth Rock.
  • Comprehensive Claim Forgiveness: Plymouth Rock promises that your insurance premiums will not increase just because you make a claim about a stolen or weather-damaged vehicle.
  • Get Home Safe: If, for whatever reason, you don’t feel safe to drive home, Plymouth Rock will cover your taxi ride. This can happen one time per year as part of most Plymouth Rock car insurance policies.
  • Glass Coverage: Plymouth Rock offers several coverage options and policy features related to windshield repair and glass repair. This includes a $100 glass deductible and a waived glass deductible repair.
  • New Car Replacement: If you have a new car that gets totaled within a specific timeframe, Plymouth Rock will replace it completely.
  • Crashbusters: Plymouth Rock will send a Crashbusters team to your location at your request. They will assess the damage done to your vehicle and can help you to file a claim.
  • Pet Injury: In the event that your pet gets injured during a car accident, some Plymouth Rock policyholders can claim a small portion of the vet fees. After all, your dog or cat needs cover too!
  • Roadside Assistance: With the Plymouth Rock roadside assistance program, you’ll be covered for some of the services charged on broken down vehicles at the roadside, including towing, tire changes, fuel delivery, and more. 
  • Key Replacement: Lost your key? With the right cover from Plymouth Rock, you can get a replacement set.

Plymouth Rock Car Insurance Discounts

Plymouth Rock discounts differ from state to state and from user to user. The biggest of these are multi-policy discounts, which are offered when you purchase multiple policies, and prepay discounts, which are offered when you pay your insurance premiums upfront. 

Other available discounts include:

  • Paperless Filing: Go paperless and do your bit for the environment while helping to reduce waste and saving a few cents in the process.
  • Membership Organization Discounts: Make big savings when you are a member of specific organizations.
  • Senior Discount: Drivers above a certain age can apply.
  • Good Student Discount: Offered to young drivers who obtain at least a B average.
  • Safety Features and Anti-Theft Devices: If your car contains key features like trackers, alarms, airbags, seatbelts, and anti-lock brakes, these discounts will be available to you.
  • Driver Training: Complete driver training courses to prove your skills, show your commitment, and make some savings.
  • Low Mileage: Drive less and you could pay less.

Other Plymouth Rock Insurance Products

In addition to car insurance, the Plymouth Rock Assurance Corporation offers a wealth of insurance products. These are also confined to a very small part of the United States and include:

Home Insurance

Plymouth Rock offers comprehensive insurance quotes for all homeowners. These policies will cover you for the breakdown of key appliances, loss of personal items, identity theft protection, and even protection against hacks and cybercrime.

You can apply for Plymouth Rock home insurance directly if you live in New Jersey, New York, New Hampshire, Pennsylvania, and Connecticut.

Renters Insurance

Renters insurance will cover you for personal losses in the home, as well as providing liability protection for anyone who gets injured in your home. Plymouth Rock renters insurance is available in the same states as Plymouth Rock home insurance.

Life Insurance

Plymouth Rock life insurance policies are only available in the state of New Jersey. Both term life insurance and variable life insurance policies are available, of which term life is arguably the better choice.

Policyholders can opt for a term of between 10 and 30 years, with the insurance premiums and payouts dependent on your age, health, medical history, and other key factors.

Umbrella Insurance

An umbrella insurance policy essentially increases your liability limits, going the extra mile to protect you. It is a supplemental insurance policy, designed to be added onto car insurance or homeowners insurance and to protect you and your family in the event that a claim is made against you.

Plymouth Rock Customer Satisfaction and Claims Satisfaction

Plymouth Rock has good ratings from customers and experts. It has an A- rating from AM Best, which isn’t the highest possible rating but is a great effort from a relatively small company (when compared to giants like GEICO and State Farm).

The insurance claims process is quick and easy, and while there are a number of bad reviews and complaints out there, Plymouth Rock seems committed to remedying these as quickly and completely as possible.

Furthermore, if you have a bad experience with Plymouth Rock, make your discontent clear and they will make a donation to a charity of your choice. This proves that Plymouth Rock is committed to keeping customers happy and willing to do whatever it takes.

Bottom Line: Car Insurance in New England

Plymouth Rock is a very highly-rated insurance company offering a selection of products directly and through insurance agents. It has accident forgiveness and claims forgiveness; offers a multitude of ways to pay your premiums, and the support team is available around the clock. 

If you reside in one of the states where Plymouth Rock operates, visit PlymouthRock.com, get a quote, and start comparing. If not, don’t worry, as there are many other great insurance company reviews to check out, including The General, Progressive, and Esurance.

Plymouth Rock Assurance Review is a post from Pocket Your Dollars.

Source: pocketyourdollars.com

How to Trade in a Car

How to Trade in a Car

If you have a car that you’ve been driving for a while and you’re ready to trade it in, you might be wondering how to get the best deal. When you’re trading in a car, it’s a good idea to forearm yourself by doing research into your car’s value. Read on for the rest of our tips on how to trade in a car. 

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Know What Your Vehicle Is Worth

So you want to trade in a car? You’ll have an easier time of it if you know what the car is worth before you head to the dealership. That way, you can negotiate from a position of strength. The classic resource for evaluating a car’s worth is the Kelley Blue Book but there are plenty of other options online, too. You can also search other vehicles of the same make and model that are for sale or have sold recently and assume that your car is worth roughly the same amount.

When you’re in the research phase, remember to take the condition of the car into account. If your car has dings, scratches or stains, you can safely assume that it will sell for less than the same year, make and model of car in better condition. And it’s always a good idea to clean the interior and exterior of your vehicle before taking it to a dealership to trade in.

Related Article: How Much Should I Spend on a Car?

Negotiate

How to Trade in a Car

Once you’ve done your research you should have an idea of how much your vehicle is worth. That’s the number you can fall back on in negotiations with the appraiser at the dealership. When you’re at the dealership, don’t be afraid to mention – or show proof of – the research you did. As when you’re buying a car, you’ll probably engage in some back-and-forth negotiation with the folks at the dealership.

The dealership will probably offer you less than what you saw in the Kelley Blue Book or the numbers you got from the National Automobile Dealers Association or Autotrader. You can counter with a higher offer, but remember that, unlike when you’re buying a car, the dealership has more leverage over you. They know you want to unload your car, get your cash and get out of there. The appraiser also takes factors into account that you might not be aware of and can’t control. For example, if the dealership already has a lot of mid-size sedans, it might not want to buy yours or might not offer as much for it.

You can get appraisals from different dealerships or companies, or offer your car at an auction or an online auction like eBay. You don’t have to go with the first offer you get for the car. If you have the time, feel free to shop around for a better offer. You can also look for dealerships that are offering special promotions, such as a discount on a new car when you trade in an old car.

Related Article: All About Car Loan Amortization

Have a Plan for Your Earnings

How to Trade in a Car

It’s a good idea to have a plan for what you’ll do once you’ve traded the car in and you’ve gotten the money from the dealership. Do you need to buy a new (or used) car or can you do without? Will you use the money you make to pay down student loan debt or credit card debt? Will you bulk up your emergency fund or save for retirement? If you don’t make a plan for what to do with the money you earn by trading in your car, you risk spending it on an impulse purchase or on little treats over time. That’s fine if you can afford it, but if you have debt or savings goals to meet, it’s a good idea to commit to putting your car trade-in dollars toward those goals.

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Car Insurance: Liability vs. Full Coverage

car insurance coverage

Most people need car insurance in order to drive legally. Car insurance has two main categories: liability and full coverage.

The two types of car insurance will cover you in different circumstances. They also come at two very different prices. This article will cover the difference between the two types of car insurance coverage.

Liability Coverage 

Liability car insurance is simply insurance that covers your liability. In other words, liability coverage will pay for any damage to other property or people. You must pay out of pocket for your own damage though.

Liability coverage has two other subcategories as well.

Bodily Injury

Bodily injury coverage is exactly what it sounds like. This type of coverage covers medical expenses for the other party in the event you have an accident. Without bodily injury protection, you have to pay their medical expenses.

You can choose the amount of bodily injury coverage that you want to purchase. Keep in mind that most states require drivers to have bodily injury liability insurance to legally drive a vehicle.

Property Damage

Property damage coverage is also exactly what it sounds like. This covers physical damage to property, which usually means a vehicle. It may cover other property damage too, but this depends on the coverage.

Full Coverage

Full coverage car insurance is likely what most people think of when they search for auto insurance. Full coverage insurance will cover your vehicle in the event of an accident.

It may also cover your vehicle for than just an accident too, but this depends on the terms of the policy. Some policies cover acts of God, which means you will have coverage for natural disasters and other natural events. Some examples include the following:

  • Falling objects
  • Flooding
  • Theft
  • Other unforeseen circumstances

Legally Required Coverage

The coverage required by law varies depending on the state. Forty-seven states require liability insurance. The amount varies depending on the state. However, if you use a loan to purchase to a vehicle, then your loan provider will require you to purchase full coverage insurance. Lenders do this so they can receive money if you have an accident, or the car gets damaged.

Do I Need Full Coverage?

The decision to get full coverage or liability coverage is one that depends on a wide range of factors and your risk tolerance. This section will cover all the factors you should consider before deciding what insurance to choose. However, this section will not recommend a policy type for you to purchase. Simply consider the factors listed below when shopping for auto insurance.

Things to Consider

The following are a few considerations to make when deciding the level of insurance coverage you will need:

Your Ability to Purchase a Vehicle: one of the most important things to consider is your ability to purchase a new vehicle in the event of an accident. Remember, if you total a vehicle, then you will likely need a rental car for a few days while you search for a new car.

Also, you might have money at the moment, but if you’re in a money crunch and wreck your car, then you might have a problem purchasing a vehicle. Make sure to keep your ability to purchase a new vehicle in mind before dropping full coverage.

Vehicle Resale Value: another important factor is the resale of your vehicle. For instance, if you have a junk car, then paying for full coverage might not be worth it. Your insurance company will most likely total the car in the event of even the most minor accident because the cost of repairs exceeds the total loss in value of the vehicle. The car’s value might not even exceed the deductible, which means you might have to pay out of pocket!

On the other hand, if you have a very expensive vehicle, then full coverage will mean your wallet will not hurt as much in the event you wreck your vehicle. Your insurance company may even pay to fix the vehicle rather than writing it off. This just depends on the cost of the repairs and the total value of your car.

Policy Cost: the price difference between a liability insurance policy and a full coverage insurance policy will vary depending on a lot of factors such as your driving record, type of vehicle, zip code, and even the color of your car. It will also depend on your credit score!

Despite all those factors, sometimes only a marginal difference in price between the two policies exists. If the price difference is small enough, then it might make more sense to purchase the comprehensive coverage.

Risk Tolerance: one of the more critical factors in deciding the type of coverage you want is your risk tolerance. Insurance, by definition, is merely paying to transfer your risk to another party. You will have to analyze all the factors and determine the amount of risk you want to have.

Loan: if you have a loan on your vehicle, then you will have to purchase full coverage insurance for the amount of your loan. You might have the ability to lower the total coverage to your loan amount though. You will have to contact your lender to check.

Final Thoughts

The difference between liability insurance and full coverage insurance is a very large one in a legal sense and a benefit sense. It can also make a financial difference. You want to know exactly what type of coverage you purchase before signing a contract.

Make sure to fully review the policy and understand exactly what it covers and does not cover. This understanding is especially important for a full coverage plan since they tend to be very large.

More importantly, understand exactly what type of insurance fits your needs. Sometimes purchasing a liability plan make more sense for you and sometimes purchasing full coverage makes more sense for you. The above checklist should help you find the right type of insurance for your needs.

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What Is High-risk Auto Insurance?  

Insurance companies determine risk when calculating rates and offering coverage. If the company determines that your accident risk is higher than average, you’ll have to purchase high-risk auto insurance. Since companies base rates on risk, you can expect to pay more for coverage if you need high-risk insurance. 

Find out why you might need high-risk insurance, how you can lower your premiums, and more. Then you’ll be ready to shop for high-risk auto insurance if necessary. 

 

Reasons for High-risk Auto Insurance

Insurance companies look at various factors when determining risk. You might need high-risk insurance if you:

  • Have lots of at-fault accidents on your record 
  • Have a large number of speeding tickets 
  • Have reckless driving or racing violations
  • Have been convicted of driving under the influence
  • Are a young, inexperienced driver, or are over 65 years old 
  • Have bad credit 
  • Use the vehicle for a ridesharing service or another high-risk activity 
  • Drive a high value or specialized car
  • Had your license suspended or revoked
  • Let your insurance lapse 

 

Lowering Your Risk

If you’ve been flagged as a high-risk driver, there are some things you can do to reduce your risk in the eyes of the insurance company. Reducing your risk can lead to lower premiums.

First, if you are high risk due to moving violations, take a defensive driving course. Speak with your insurance agent before taking a class to ensure it’s approved, though. 

Also, practice safer driving behaviors while on the road. Follow the speed limit and obey all laws. After you hit the three-year mark without any tickets, your premium should decrease.

If you’re high-risk because of a DUI conviction, speak to your insurance company about installing an interlock ignition device. While most companies will not reduce the rates, some will, so it’s worth exploring. 

Improving your credit score can also lower your premiums. Some insurance companies charge more for bad credit scores, so make your payments on time and reduce your credit-to-debt ratio.  

 

SR-22 Certificate and High-risk Insurance

If you require high-risk auto insurance because your policy lapsed, or your license was suspended or revoked, you might need an SR-22 certificate. This certificate is not insurance. Instead, it is proof that you have the required liability insurance. Your insurance company will issue the certificate and send it to the necessary state office on your behalf. 

 

High-risk Insurance Restrictions

Some high-risk policies include restrictions. For example, you might be the only person protected when driving your vehicle. If someone else drives your car, he or she won’t be covered. Also, if you are in an accident and the court assesses punitive damages, your policy might not cover it. Finally, the company might review your driving history annually and increase your rates if you have any infractions. 

Because of these restrictions and the high cost of coverage, work hard to reduce your risk, so you can get a standard policy soon. 

 

Getting High-risk Insurance

Finding high-risk auto insurance is a bit harder than purchasing a standard policy. Some major insurance providers offer high-risk coverage, so you can begin shopping there. However, you might have to use a company that specializes in these policies. When you choose such a company, you’re less likely to get turned down for insurance. 

 

Compare Quotes

As with any insurance policy, you should compare quotes before purchasing high-risk coverage. Companies use different formulas for assessing risk. One company might see you as extremely high risk, while another might view your risk at a moderate level, meaning you’ll pay less. After you compare quotes, you can purchase your policy and hit the road once again.

What Is High-risk Auto Insurance?   is a post from Pocket Your Dollars.

Source: pocketyourdollars.com

5 Reasons to Buy an Electric Car

5 Reasons to Buy an Electric Car

We’ve been hearing about electric cars for a while, but it sometimes seems that the only people who buy them are either very into being energy efficient or very wealthy. But there are a lot of good reasons for you to consider buying an electric car. They are good for the environment, but they can also be good for your pocketbook. And who doesn’t want to satisfy the demands of their conscience and their bank account at the same time?

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1. Electric cars help the U.S. with energy independence.

The United States spends about $300 billion importing oil into the country. That’s two-thirds of the U.S. trade deficit. Being dependent upon foreign oil leaves the United States more vulnerable to international problems and fluctuations in the supply of oil abroad.

2. Electric cars are more efficient. 

5 Reasons to Buy an Electric Car

With an electric car you never have to stop for gas. You can charge your electric car in your own garage overnight and be ready to travel wherever you want to go in the morning. In addition, you won’t be wasting any time or money buying snacks or pumping gas at the gas station.

3) You’ll likely save money.

Even though oil prices are the lowest they’ve been since 2008, electricity is still the less expensive option. Right now, if you purchase an electric car, recent data shows you will spend $3.74 worth of electricity to travel 100 miles. However, if you purchase a comparable car that uses gasoline, it will cost you about $13.36 to travel 100 miles. In addition, gas prices have a way of rising (or at least being unpredictable), so that journey of 100 miles can quickly get even more expensive for people with conventional cars.

4) You can get paid to buy an electric car .

5 Reasons to Buy an Electric Car

Right now, the federal government offers a tax credit that can reduce the cost of a new electric car by up to $7,500. That can effectively eliminate the cost difference between a gasoline-powered car and an electric car. Sometimes it can even make the cost of buying a gasoline-powered car more than the cost of buying an electric car. However, the tax credit offer might not last forever, so you might want to buy an electric car sooner rather than later if that’s an important factor for you.

Related Article: 3 Tips for Claiming the Energy Tax Credit

5) They’re Low Maintenance

With an electric car you’re not going to have to take your car to the mechanic as often. Although all cars may have problems, electric cars generally have lower maintenance costs than gasoline-based car. With an electric car you’ll also spend less time worrying about how to get by while your car is in the shop, or waiting around at the garage for the maintenance to be performed.

Bottom Line

You don’t have to be a hippie or a billionaire to opt for an electric car. There are advantages for anyone who takes relatively short car trips and has access to charging facilities.

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