How Does Auto Insurance Change As You Age?

Auto insurance is a unique type of expense. In most states, auto insurance is required by law if you operate a vehicle. This makes it one of the few expenses required by law. Another unique aspect of auto insurance is that the cost can change depending on many factors. One of the most significant factors affecting car insurance cost is age. At Fuhriman Insurance Agency, serving Boise, ID, we look forward to educating our clients on topics such as this. Keep reading to learn how auto insurance changes as you age. 

Which Age is Most Expensive to Insure?

Car insurance companies rate risk factors based on many things. One of the most significant factors is the time a driver has spent behind the wheel. For this reason, younger drivers are often the most expensive to insure. With more experience, drivers drive more safely. Teenagers and individuals up to their mid-twenties will see the most expensive car insurance rates. 

When Do Rates Start Coming Down?

At about age 25 most drivers will see their rates come down considerably. This is also an age where many people are starting their families or buying homes. These life changes can also affect the cost of car insurance as many policies offer discounts for married people and homeowners. Depending on your driving history, you may see another drop in rates around your mid-thirties. It is important to note that these rate drops can be affected by your driving record. An individual in their mid-thirties with a risky driving record may not see the same savings as a younger driver with a spotless driving record. The best car insurance rates are often enjoyed by drivers in their mid-fifties with good driving records. 

As drivers begin to age into their 60s and 70s rates can begin to increase again. This is often due to the fact that people lose some of their reaction time as they age and therefore their risk factors increase. 

If you would like to learn more about auto insurance and how to get the best rate, please contact our friendly staff at Fuhriman Insurance Agency, serving Boise, ID today. 

Auto Insurance for Carpooling

Carpooling has many advantages which include saving money, reducing stress (when it is not your turn to drive), and saving time if there is a special carpool lane. Carpooling is good for the environment, prolongs the life of your vehicle, and reduces traffic.

Talk with your agent at Fuhriman Insurance Agency, serving Boise, ID and the surrounding area if you are planning to be carpooling to work because your auto insurance needs to be adjusted for this use. Let your agent know if you are going to receive any money from your employer for carpooling expenses.

If your work provides a vehicle for your use, then the insurance may already cover what you need for carpooling. Have your agent review any auto insurance policies that are already in place to make sure you have adequate protection.

Also, inform your agent if you plan to allow any other people to drive your vehicle or if you plan to drive a vehicle owned by another person. This can change the type of auto insurance coverage you need. For those you wish to allow to drive your vehicle regularly, your agent may advise you to add them as a designated driver on your auto insurance policy. This will help make sure there is adequate coverage for another person who is driving your auto.

Replacement Value Coverage and Extras

Talk with your agent about the advantages of having replacement value coverage for your vehicle, emergency road assistance, and rental car coverage if your vehicle is being repaired. This extra protection is wise to have when more than just you are relying on your vehicle to take everyone to work.

Contact your agent at Fuhriman Insurance Agency in Boise, ID for a complete auto insurance review and a quote to make sure you have adequate protection for carpooling and all of your auto insurance needs.

HELPFUL AUTO INSURANCE TIPS TO KEEP YOU SAFE

What is Auto insurance?

It is a cover purchased by vehicle owners to mitigate against losses of auto accidents. It’s a contract between you and the insurance company to protect you against financial loss in the event theft or an accident.

What is covered by Auto insurance?

A policyholder is provided with the following coverage

  • Property-such as damage or theft of your car.
  • Liability responsibility- for bodily injury caused to others or property damage.
  • Medical-such as the cost of treating injuries or rehabilitation.

 Policyholders pay premiums to an auto insurance company. Premiums amounts are based on many factors such as age, gender, years of driving experience, among other factors.

Boise, ID, being a capital city, is one of the most populated towns. With very crowded streets, you need to have an Auto insurance cover that protects you and your vehicle. It is the state law to have an Auto Insurance. Our agents at Fuhriman Insurance Agency will guide you on the most vital details of your cover. Much consideration will be placed on factors affecting your cover while living in Boise, ID.

A critical factor to consider would be the liability coverage. Fuhriman Insurance Agency will advise you on the required limits required to adhere to the state requirements. The liability coverage will cater for any damages that you could cause on other people’s property or vehicles.

Collision coverage caters to dents and collision damages though this is not required by law. All residents of Boise, ID have required minimum liability coverage as required by the state. Comprehensive coverage covers theft, damage from weather-related situations, fire and much more.

Team up with our Fuhriman insurance agents to have a customized policy that meets your insurance needs.

How Long Do Car Accidents Stay on Your Record in Idaho?

Whether you’ve just gotten into a car accident or were involved in one a year ago, it’s only natural to be concerned with how long it will stay on your driving record. However, it’s not so much your driving record you should be focused on but the points that are on it. At Fuhriman Insurance Agency in Boise, ID, we’re making it our mission to help all drivers understand the law better so they can get the insurance coverage they need. Keep reading to learn more:

Points and Your Driving Record

The truth is that your full Idaho driving record will always include the fact that you’ve been in an accident, as well as any other traffic violation you may have made. That said, the thing that most people will actually be looking at are the amount of points you have. That’s before you accumulate points for every traffic violation, whether it’s a full-scale accident or simple speeding violation. However, the amount of points you receive can vary greatly, especially when it comes to accidents. In the state of Idaho, you can lose your license once you accumulate 12 points.

The good news, however, is that in many cases points will gradually be removed from your driving record as time passes by. You may also be eligible to deduct up to three points from your record by taking a state-approved defensive driving course.

Why it’s So Important to Contact Your Insurance Agency Right After an Accident

The sooner you report the accident to your insurance carrier, the faster they can start working on assessing the claim and what you might be liable for. In many cases, the other driver(s) involved in an accident may say you’re at fault, but upon further review of the police report, your insurance carrier may find that you are actually not entirely the one to blame. Even if the accident is going on your permanent driving record, there’s no need for the cost of the incident to permanently wreck your finances.

Do you live in the Boise, ID area and have more questions about driving and license laws in Idaho and how your insurance may be affected? Contact the experts at Fuhriman Insurance Agency today.

Want to drive a car? Learn more about your Idaho insurance requirements here.

Driving a car in Idaho is a necessity for a lot of people. When you are looking to drive a car, it is important that you know all of your requirements. People that are shopping for insurance in the Boise, ID area will have a variety of auto insurance requirements that may need to be met in order to stay in compliance.

Lender and Lessor Requirements

When you are shopping for auto insurance, it is important that you know what your requirements are with your lender. If you have taken out a loan or lease to get your car, you will need to have a full auto insurance policy. This will have to include collision and comprehensive coverage. When you have this type of coverage you will have protection against a wide variety of losses. The lender will require that you have this as long as the loan is outstanding. 

State Requirements

Similar to other states, Idaho will require that you have liability auto insurance whenever you are on the road. In Idaho, the requirements include having $50,000 in bodily injury coverage per incident and $25,000 per person. You will also need to have personal property liability insurance protection of at least $25,000. If you do not have this coverage, you will be in violation of state law and could face stiff penalties.

Once you are ready to start looking for your next auto insurance policy in Boise, ID, you should come to the Fuhriman Insurance Agency. The team at the Furhiman Insurance Agency can help you to better understand your auto insurance needs. They can then help you get into a policy that will provide you with the right level of coverage for your personal situation. 

Items You Might Not Have Realized Toy Insurance Covers

The term toy insurance probably sounds misleading. Fuhriman Insurance Agency of Boise, ID is here to explain its meaning. It refers to policies that cover grown-up toys like RVs, jet skis, golf carts, and dune buggies.

Toy insurance, also known as recreational vehicle insurance, covers a plethora of items for both liability and physical damage. It is actually a category of insurance. The items covered include:

  • all-terrain vehicles (ATVs),
  • antique vehicles,
  • classic vehicles,
  • dune buggies,
  • motorhomes,
  • golf carts,
  • personal watercraft,
  • sailboats ( to 40’ and 200 horsepower),
  • snowmobiles,
  • trailer/campers,
  • watercraft (up to 26 feet).

You might notice that the category of the toy does not just cover land vehicles, but watercraft, too. This category is what small boat insurance falls under.

Unlike auto insurance, there are no state minimums. You do need insurance for these though, especially to cover liability. While you can pick up a golf cart or dune buggy for less than $4,000, the cost of medical care after an accident on one can be significantly greater. Accidents on ATVs and other recreational vehicles can cause more damage because most riders do not wear helmets, according to a study conducted at Memorial University. These accidents can result in serious head trauma and neck/spine injuries.

Fuhriman Insurance Agency of Boise, ID wants you to ride safer. Always wear a helmet when you ride an ATV or a life jacket when on your boat, and always carry toy insurance. The policy sounds fun, but it provides serious coverage you need. It pays your medical bills in case you’re in an accident on your toy, plus pays to replace it.

Protect Your Personal Assets with an Umbrella Insurance Policy

When people think about umbrella insurance policies they generally consider them something that only businesses need. However, if you are a high-net-worth person living in the greater Boise, ID area you may want to think again. Protecting your hard work and your family is possible when you add an umbrella insurance policy to your current suite of personal insurance products. It is typical for ID insurance policies to have a cap on the amount of coverage that they provide. In most cases that limit is $250,000. With this level of protection, the responsibility for liability or damages above that amount may fall to you personally. The team at Fuhriman Insurance Agency is here to guide you through the umbrella insurance policy process.

How umbrella insurance can protect you and your family

When your assets are such that you may become a target for unscrupulous people, or you have belongings that require a high level of protection, umbrella insurance can help meet those needs. Liability can often be excessive in our litigious society, and leaving yourself at the mercy of the courts can end in heartbreak and disaster. With a comprehensive personal insurance bundle that includes umbrella insurance, you can make sure that your hard work and assets are protected. Don’t leave your family open to personal liability in the event that your primary policy limits are exceeded due to loss, damage, or liability. Make sure that you have the appropriate level of personal insurance protection that can help you weather the toughest of storms.

Interested in learning more about the umbrella insurance policy options that are available in the greater Boise, ID area? Contact Fuhriman Insurance Agency today and set up a consultation to find out more from our team of professionals!

Do I need auto insurance when my car is broken down?

Sometimes, for one reason or another, you may find that you have a vehicle which is not being driven and which in fact will not be for an extended period of time. It seems like a waste to pay for all the expenses that go along with owning a car, like registration and insurance. 

However, there are a few reasons you may find it better to maintain coverage, and at least speak to your agent about the fact that the vehicle is currently not mobile.

Do you have a lien on the vehicle?

If you still owe money on your car in Boise, ID, you are required to carry insurance on it no matter what the circumstances. Basically, you are sharing the risk with the bank or entity which holds your lien, and there is doubtless a clause in your contract where you agreed to keep the vehicle protected.

Failure to maintain insurance will allow the lien holder to impose their own insurance on your vehicle or impose other sanctions. It will be more economical for you to take care of matters yourself. At Fuhriman Insurance Agency, we regularly help our clients with these kinds of problems.

What if something happens to your vehicle?

If there is a theft, a fire or another natural disaster, you could face a total loss on your vehicle. Continuous coverage will protect you. When you want to get back on the road, you can head to the license branch with your proof of insurance and expired registration to get started again.

If you are in Boise, ID and have any questions or want to explore your options, please feel free to call the Fuhriman Insurance Agency today. We can give you a free estimate and discuss a policy that fits your special circumstances.

3 Coverage Options To Add To Your Toy Policy

It’s important to have a toy insurance policy that you can rely on. The state of Idaho requires you to have liability coverage for property damage and bodily injury on ATVs, RVs, and various other toys. However, there are some optional coverages that you should consider adding to your policy. At Fuhriman Insurance Agency, we can guide you through the ones that will provide you with the best protection in Boise, ID.

Comprehensive Coverage

By adding comprehensive coverage, you protect yourself from things that you cannot control. For example, if your RV gets vandalized when it’s at a campground or your ATV is stolen at a park, you can have the coverage in place to make repairs or replacements as needed.

Collision Coverage

If you collide into anything, you can have the necessary protection. This includes hitting a dock with your sailboat, a railing on your ATV, or even rolling your RV. With this coverage, you can ensure that your vehicle is getting repaired, which is not covered by traditional liability coverage.

Loss of Use Coverage

Adding the loss of use coverage to your policy will make it easier when you get into an accident. If you need to send your toy to a body shop for a few days, you don’t want to be without it, especially if it is your home, such as an RV or a houseboat. Loss of use coverage will reimburse for a rental or for the inconvenience of not having your toy for as long as it is needed. It can end up saving you a significant amount of money when you need to have your toy repaired.

You never know what can happen to your toys, so it’s better to have a policy that you can turn to when there is a problem.

At Fuhriman Insurance Agency, we look forward to helping you build a strong toy insurance policy. Contact us so that you can rely on your policy in Boise, ID throughout the year.

 

How Does an Umbrella Policy Work?

Understanding how an umbrella insurance policy works in Boise ID helps demonstrate the importance of this type of policy.

An umbrella policy will kick in after either your homeowners or auto insurance policy coverage is maxed out. If you have boat liability insurance, your umbrella policy will also kick in after that. Umbrella insurance will also cover some other liability claims that other policies won’t cover, including slander, false imprisonment, and libel. Umbrella insurance is useful for rental properties, since it can provide coverage beyond your homeowners policy. An agent at Fuhriman Insurance Agency can help determine how much coverage to have for your situation.

To understand this policy, think of this example. You have a party at your home and a guest slips on the steps. The guest has very high medical expenses and then also sues you. The jury sides with the guest and gives her a settlement of $1 million. However, your homeowner’s personal liability only covers $300,000, which means that you owe $700,000.

You would have to come up with this money somewhere, which usually comes out of retirement savings. Without retirement savings, you may have to work for an additional time or reduce expenses to build up your savings. If you have an umbrella policy, then your policy will cover what your homeowners insurance doesn’t. This means that you don’t have to dip into any savings.

This policy also covers the attorney fees and the other expenses that are related to the lawsuit, which aren’t going to be covered under your homeowners policy. You won’t have to pay a separate deductible for the umbrella policy to kick in, so you are only out the money for the deductible on your homeowners insurance. If you were found liable in a claim where your homeowners or auto insurance didn’t have coverage, then you would have a deductible for umbrella insurance, but not in this case.

Contact Fuhriman Insurance Agency, serving Boise, ID, to get a quote on umbrella insurance.