Every year, millions of people in Michigan prepare their vehicles for winter’s inclement weather and treacherous travel conditions. Unfortunately, many do so without knowing whether or not their auto insurance policy protects them for any unexpected accidents they might encounter along the way. A recent survey indicated that approximately 60 percent of respondents are not confident they understand their car insurance coverage.
Lack of Confidence
More than 40 percent of consumers first answered that they were confident in their understanding of their
auto insurance coverage. However, after being quizzed on specific incidents such as hitting a deer and crashing after a tire blowout, the number of respondents who admitted they weren’t confident rose significantly-to nearly 60 percent. “When the unexpected occurs, the difference between hoping you’re protected and knowing you are is crucial. That’s where the
Steve Bedgood Agency can help the people in Muskegon and the surrounding counties feel confident in their coverage.” Additional survey findings included:
• It’s All in a Name
A higher percentage of respondents who know their insurance agent’s name feel more confident in their knowledge of their
auto insurance policies than those who don’t have an agent or don’t know the agent’s name.
• The Great Equalizer
Prior to being polled on accident-specific questions, 70 percent of men were confident they understood what their insurance coverage includes, compared to just 50 percent of women. Following the questions, men dropped to a 50 percent level and women to a 33 percent mark.
Annual Review
At
Steve Bedgood’s Farm Bureau Insurance agency we conduct annual reviews to help our clients review their current auto insurance policy limits and identify where they may need more coverage or less. This review is free for all our clients, regardless of their insurance. It takes just 15 minutes and can help uncover gaps in coverage limits that could expose a client to financial risk and points out available discounts and savings.
Tags: Auto Insurance Coverage, Auto Insurance Policies, Auto Insurance Policy, Blowout, Car Insurance Coverage, Coverage Limits, Farm Bureau Insurance, Gaps, Great Equalizer, Inclement Weather, Insurance Agency, Insurance Agent, Lack Of Confidence, Muskegon, Quizzed, Respondents, Survey Findings, Tire Blowout, Travel Conditions, Unexpected Accidents
This entry was posted
on Saturday, October 31st, 2009 at 8:07 pm and is filed under Insurance Articles.
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