Factors That Affect Teen-aged Drivers’ Insurance Rates in Colorado

When your Denver, CO teen drives with their instruction permit with a licensed adult’s supervision, they are not required to carry their own automobile insurance policy. However, once they start driving solo, they’ll need auto insurance, too. There are two main factors that weigh in on the cost of your teen’s insurance coverage that typically leads to a more expensive policy.  

Age of Teen Driver 

Due to the fact that the risk of being in a collision is significantly higher for teen drivers, policy premiums typically are as much as three times as expensive for teens than drivers in their mid-thirties. Even though they only account for 7 percent of all licensed drivers, drivers between 15 and 20 years of age were responsible for more than 10 percent of all fatal accidents, as well. Insurance providers have to charge more for insurance coverage for teens because they have to pay out more in claims to that age group. The good news is, with a clean driving record, and more experience under their belt, once your teen hits 25, their auto insurance premiums could drop by 30 percent. 

Auto is Owned and Licensed by Teen 

When the vehicle your teen is driving in Denver, CO is owned by them, they are on the car’s title, and they are paying for auto insurance, it is assumed that they are the main driver of the vehicle and their premiums are adjusted for their specific risks.  

How Can a Teen Driver’s Insurance Premiums Be Reduced? 

One of the ways to reduce your teen’s auto insurance premiums is to add them to your own policy. On average, it costs almost half as much to add a teen to your AFI Insurance policy than for them to start their own. Because you are taking on part of the risk, their premiums will be lower. Keep in mind that adding your teen to your existing policy will make your premiums significantly more expensive.  

For more information on factors that can reduce your teen driver’s auto insurance premiums, call the insurance experts at AFI Insurance today. 

Most and least expensive cars for insurance

The type of car you have will affect your insurance rates. Generally speaking, cheaper cars cost less to insure, and more expensive cars cost more. Expensive cars cost more to repair, and high-performance cars are more likely to be involved in an accident, which is part of the overall formula for determining insurance rates.  AFI Insurance, serving Denver, CO is here to help you find the right insurance for your situation, and can even help you find a car that will cost less to insure.

The Honda Odyssey is the cheapest vehicle for insurance and is a relatively low-cost family type vehicle. The Odyssey is a minivan, and they have the lowest insurance rates. The most expensive car for insurance is the Nissan GT-R, a hot sports car that sells for just over $100,000.  The difference between these two vehicles insurance costs is about $2,000 per year.

On the high end of the spectrum, the Mercedes Maybach is the second most expensive. Mercedes-Benz takes five of the top 10 spots, and BMW takes three.  The Porsche Panamera is the only other vehicle in the top 10. Luxury and performance are part of the reason.

At the lower end are family type cars like SUV’s or minivans. The Kia Forte, Nissan Versa, and Audi A4 are among the cheapest. Mercedes-Benz also has one at the lower end of insurance costs, which is the C-Class four-door. At the lower end prices are lower and repairs cost less.

 Call of visit AFI Insurance, which serves the Denver, CO area today to learn more about your insurance options, and to find the best policy for you.  Regardless of the type of car you end up with,  we will help you find the best insurance and make sure you have the coverage you need.

The Benefits of Emergency Roadside Specialty Insurance

You’re always told to expect the unexpected but no one is ever ready to be stranded on the side of the road with a broken down vehicle. Instead of getting caught in this type of situation with no resources, talk to the agents at AFI Insurance. They serve the entire Denver, CO area and can provide you with all of the insurance coverage you need for your vehicles, home, and business. They even offer Emergency Roadside Specialty Insurance for when the unexpected occurs and you are stuck along the side of the road.

Covers Towing Costs

Aside from your repairing your car, the tow bill that you receive after having your car towed off the road and to the shop can be extremely costly. When your car breaks down along the highway, it usually happens when you are miles from anywhere. This can lead to a tow bill that ends up being in the hundreds of dollars. Emergency roadside insurance takes care of the tow bill and makes sure that your vehicle gets where it needs to be.

Transportation Home

Once your car has been towed to the repair shop, you need to find your way to a hotel or to your home. Having roadside insurance covers the cost of getting you to the nearest hotel or safely home. It ensures you will always have a way to safety.

At AFI Insurance, the agents know the frustration of being stranded along the roadside and are always available to help Denver, CO residents get the specialty insurance they need. Don’t take a chance of being stranded! Call and talk to one of their reputable agents today!

 

What Happens When An Uninsured Motorist Hits Your Car?

Unfortunately, not every driver on the road in Denver, CO has insurance. If such a person hits your car, you do have options, especially if you already have an auto insurance policy from AFI Insurance. Here’s what you need to know.

How an Accident with an Uninsured Motorist Can Devastate You

When a collision occurs, the insurance of the at-fault driver should pay for the damages you sustain. Those damages can include repairs to your vehicle, medical bills, and even lost wages. When an uninsured motorist is an at-fault driver, there’s no insurance company, leaving you dealing with the expenses.

An accident with someone with no insurance can negatively affect your life in profound and critical ways. You can attempt to sue the motorist directly, but odds are that individual will not have the assets to cover any of your damages.

Why You Need Uninsured Motorist Coverage

Uninsured motorist coverage exists specifically for dealing with accidents with uninsured motorists. Often, this insurance option comes with underinsured motorist coverage as well. Some people may have insurance, but not enough insurance. In either case, these policies will kick in to help cover you.

Uninsured motorist coverage isn’t mandatory in Colorado, so you have to add it to your policy. When you make a claim, you will make it against your policy’s coverage limit, which your insurance company will pay.

What to Do If You’re In an Accident with an Uninsured Motorist

If you’re in an accident, make sure you’re okay. If not, seek police and medical attention immediately. If you can, check on the other driver. If the driver is amendable, you can gather information. Try to get the person’s name, contact information, and possibly a signed statement. You can give all this information to your insurance company with your claim.

Uninsured motorist accidents happen frequently in Denver, CO. Don’t wait too long before you add uninsured motorist coverage to your policy. Contact AFI Insurance today to learn more about uninsured and underinsured coverage for you and your vehicle.

Four Ways to Protect Your Vehicles

If you have a vehicle of your own, then you understand how important it is to protect it. Your vehicle is your means of transportation and you want to do all you can to make sure it lasts as long as possible. The longer it lasts, the longer you can keep from having to go buy a new one. Here at AFI Insurance serving Denver, CO, we put together a bit of helpful information to help you understand how to protect your car. 

Get Auto Insurance

Everyone who owns or drives a vehicle needs auto insurance. You are sure to rest easier at night knowing you are protected with auto insurance because if something was to happen, your policy could kick in and provide awesome coverage. The level of coverage you have is, of course, going to be determined by the type of policy you have. You will need to speak with your agent to get a good understanding of your policy. 

Keep Them in a Garage

Instead of living your vehicles out on the streets or in a driveway, you should keep them in a garage if possible; this helps protect them against thieves.

Don’t Park Near Other Cars

When parking, try to park away from the other cars; this helps ensure you don’t get door banged or people don’t lean up against your car when walking by it and accidentally scratch it. 

Keep Them Locked at All Times

Lastly, you will want to keep your doors on your car locked at all times. Even if you don’t keep anything valuable in your car, you want to make sure no one gets in and vandalizes it. 

To learn more about protecting your car, contact AFI Insurance serving the Denver, CO area today.

Why is RTV Insurance Important?

RTV (return to value) insurance is a form of gap insurance for vehicles that are owned for more than 3 months but are not more than 7 years old. This coverage applies to all modes of car purchase – a bank loan, cash, and contract hire leasing agreements. If the insurance company declares your vehicle a total loss because it got stolen or damaged beyond repair, the RTV insurance will provide coverage against the depreciating value of the vehicle. If you’re living in Denver, CO or surrounding areas, you can get this coverage from insurers like AFI Insurance.
What’s the importance of RTV insurance?
This insurance plan offers coverage against any financial loss if your vehicle is stolen and cannot be recovered or when the vehicle is unsafe to repair, meaning that the repair costs are higher than the vehicle’s value.
Below are some benefits of RTV insurance:
  • Refunds depreciation
  • All benefits are paid to the customer directly
  • • The cover is provided for 4 years
  • Once a vehicle is on coverage, there are no mileage limits
  • It protects the customer’s investment
  • It replaces the auto with a similar vehicle
  • Once the vehicle is delivered, one can buy the insurance coverage for up to seven years
  • The coverage is backed by FCA’s protection norms
  • The coverage is designed for vehicles that were bought privately or from any garage that doesn’t have VAT registration.
Reason RTV insurance is valuable
If you have this coverage, you can be sure that you will be protected in case your car is lost or destroyed beyond repair. Most stolen cars are never recovered despite the best efforts, so the insurance providers often declare them a total loss. This is why you need RTV insurance.
You can now get your RTV insurance from AFI Insurance that serves Denver, CO and surrounding areas. Contact us today for a quote.

Tips for Safely Riding Your Motorcycle During Any Season

You have finally purchased your dream motorcycle. You’ve also done the responsible thing and purchased the needed insurance coverage from AFI Insurance in Denver, CO. You’re ready to hit the road.

But, hold on!

Before you head out and enjoy the open road, you need to use a few tips to help keep you safe while riding your new motorcycle.

Wear Protective Gear – At All Times!

While a helmet is the most important protective gear you can ride, don’t neglect the rest of your body. The fact is, a motorcycle accident can cause severe injuries to your legs, arms, torso and more. Be sure to wear quality boots, pants, and even a jacket to protect your skin. Even in summer, it is best to ensure all your skin is covered with some type of protective layer.

Be Aware of Other Vehicles

While it would be nice if you could rely on other drivers to watch for you, this isn’t how things work. You have to remain aware of your surroundings at all times. Motorcycles can often get in another driver’s blind spots, creating a dangerous situation. Make sure this doesn’t happen by remaining alert and learning where some of the most common blind spots are.

Drive Smart

Riding a motorcycle is fun and it can make you feel great. However, this doesn’t mean that you should drive without caution. You have to obey street signs and speed limits, just like everyone else. Make sure you always drive smart while on the road.

If you still need insurance for your new motorcycle, or an old one, contact the staff at AFI Insurance, serving people throughout Denver, CO You will find the coverage option you need here.

Reasons to Get Snowmobile Insurance

There’s no question that snowmobiles are popular in Denver, CO; however, if you are going to use one of these devices, you need to make sure you are covered for any issue that may arise.

Driving – any type of vehicle or recreational craft – requires you to have the proper insurance coverage. Without this, you are putting yourself and others at risk. Some of the reasons you should purchase a snowmobile insurance policy from AFI Insurance can be found here.

To Cover an Injury to a Driver or Passenger

What happens if you, or someone who is riding with you, suffers an injury while on your snowmobile? If you own the vehicle and don’t have insurance coverage, you will have to pay for all related medical costs.

With insurance in place, you don’t have to worry about it. The costs will be covered, and you will be protected financially.

If there is a Collision with Another Snowmobile

Another situation where you need a snowmobile insurance policy is if you hit or have an accident with another snowmobile. Regardless of if it is parked or running, you may be liable for the damages. If you have insurance coverage, all the damages will be taken care of. If you don’t then you will have to pay out of your own pocket.

If an Injury to a Pedestrian Occurs

Modern snowmobiles can go pretty fast. As a result, you need to make sure that you are always aware of your surroundings. If you happen to hit a pedestrian, you can cause serious injuries and the individual may need extensive medical care. Your snowmobile insurance policy will cover these costs.

If you have a snowmobile in Denver, CO and need to purchase a policy, contact AFI Insurance today.

Is Jetski Insurance the Same as Boat Insurance?

Finding the right Jetski insurance can be difficult especially if you are not all that sure about what type of insurance you need for your Jetski. That being said, jet ski insurance is distinct and individual from a lot of other insurance types. Though there are not individual policies that only cover Jetskis, there are certain types of insurance that are going to cover this type of recreational vehicle better than others. For those in the Denver, CO area, the agents with AFI Insurance can help you find the policy that works best for you.

There are tons of different types of insurance policies that might cover a Jetski, it is best to find the policy that is most likely going to cover your Jetski and recreational vehicle insurance is a safe bet. This type of policy is going to cover a wide range of vehicles and is going to help you to cover all your recreational vehicles including things like Jetskis and 4 wheelers and ATVs so that you can be sure you are covered. This type of policy can often be bundled into your existing policies to help make it easier to pay each month.

This type of policy is completely optional and in most case,s you are not going to be required to hold any sort of policy on your recreational vehicles even if you have a loan on them simply because they are not going to be huge loans. If you do have this type of recreational vehicle you may want to look into a policy to protect them. For those in the Denver, CO area, the agents with AFI Insurance can help you find the policy that is going to work for you.

Does my Insurance Cover Customization Repairs?

The agents of AFI Insurance have many years of experience when it comes to automotive and motorcycle insurance. Motorcycle owners living in Denver, CO often have questions about how to insure their bikes if they have a custom paint job or a bike that has been custom built. Having the proper insurance is always a top priority.

The Cost of Customizing

A customized paint job for a motorcycle can cause several hundred dollars. In some cases, special paints are used that are extremely expensive. If the bike is damaged or involved in an accident, your insurance company may not pay the entire amount to restore the paint job to its prior state. In most cases, insurance policies only cover repairs to the bike itself and a conventional paint job. Unless you have purchased additional coverage, your insurance may refuse to cover the cost of the more expensive paint.

Meeting Your Deductible

Most motorcycle and auto insurance policies have a deductible that must be met before the insurance policy will begin to cover damages. In the case of a customized bike, the money used to pay the deductible will go towards the general repairs first. Whether the owner of the bike receives the check or it goes directly to the shop making the repairs, any cost over and above what it takes to repair the bike and provide a general paint job will fall on the owner.

In Denver, CO, residents are encouraged to call the agents of AFI Insurance if they have questions concerning what is covered by their motorcycle insurance policy. Individuals who have customized bikes can call the office and find the answers to all of their insurance questions.