by John Page | Feb 11, 2022 | Insurance Tips & Tricks
Clever Marketing vs. Informed Decision-Making
It’s hard not to notice Geico’s amusing ads and charming mascots. While their marketing strategy is undoubtedly effective, it’s essential to focus on their policies’ actual coverage and cost rather than being swayed by their advertising. At Page Insurance, we encourage clients to shop around and make informed decisions based on their unique needs.
Ad Spending vs. Grassroots Growth
Geico spends billions on advertising (catch that?; billions with a B), but those expenses are ultimately passed on to the customers. At Page Insurance, we work with companies that prioritize keeping rates low by minimizing ad spending. This approach allows us to provide more competitive options for our clients.
A Single Company vs. A Marketplace of Options
While Geico focuses on selling its policies, Page Insurance operates as a marketplace where our experts help you find the best coverage from a wide range of insurers. We maintain relationships with numerous companies, enabling us to offer personalized, ongoing service at no additional cost.
Sales-Oriented Approach vs. Pressure-Free Guidance
Geico’s representatives are motivated to sell their policies, whereas our team at Page Insurance isn’t about pushing some insurance company – it’s about helping you get what you want/need from among many of the best companies.
Limited Offerings vs. Comprehensive Solutions
Page Insurance is a one-stop shop for all your insurance needs, including home, auto, life, health, and more. We have the expertise and access to a wide range of products, ensuring we can find the perfect solution for your unique situation.
Inadequate Coverage vs. Comprehensive Protection
Geico is known to offer bare-bones policies with minimum coverage. While these policies might seem more affordable, they can be costly in the event of an accident. At Page Insurance, we prioritize providing comprehensive coverage that offers the best value and protection.
Personalized Service vs. Call-Center Shuffle
Geico has started opening local offices to provide better service, but their agents are still limited to selling Geico policies. With Page Insurance, you have a dedicated account manager and a team of experts who know you and care about your needs. We advocate for you and provide objective advice, giving you the best possible insurance experience.
While Geico might be the right choice for some, we encourage you to explore your options and make an informed decision. Contact Page Insurance to experience the personalized service, comprehensive offerings, and pressure-free guidance that sets us apart. Let our team of experts help you navigate the insurance landscape and find the best fit for your needs.
Click here to explore your options.
John Page, President of Page Insurance, has been a driving force in the insurance industry since 1998. As a licensed agent in Property & Casualty, Life, and Health insurance, John has won numerous awards for agency management and works tirelessly to improve agency operations with the clients in mind. He is passionate about building and investing in the Page team of experts, ensuring they deliver top-notch service to clients. In his free time, John enjoys snowmobiling, gaming, reading, and traveling with his wife and three kids, who are the loves of his life. John is a big hockey fan who loves rooting for the local Idaho Falls hockey team.
by John Page | Feb 11, 2022 | Insurance Tips & Tricks
You might be surprised that some insurance products are not publicly advertised. With over 5,000 insurance companies in the United States and over 100 operating in Idaho and Utah alone, if you only call the big advertisers, you’re missing out on many potential insurance options. This blog post will reveal the reasons behind this and show you how these hidden gems can benefit you.
The Strategy Behind Non-Advertised Insurance Products
There are two primary reasons certain insurance products are not advertised:
Cost Savings: Advertising is expensive. By relying on word-of-mouth and a strong reputation, insurance companies can keep rates low and pass the savings on to their customers. Customers who choose non-advertised insurance products can save up to 25% on their premiums compared to those who only use big-name advertising companies.
Niche Targeting: Some insurers focus on providing outstanding coverage for specific customer segments, resulting in better value and lower rates.
For example, one insurer we work with targets lower-risk states like Idaho and Utah and avoids high-risk individuals. This approach allows them to offer fantastic deals to those who meet their criteria and hear about them through word of mouth.
Specialized Products for Unique Needs
Even if you don’t fit the criteria for one of these secret products, we have a wide range of insurers that cater to various situations, from young families in rental properties to homeowners with teen drivers.
With numerous niche products available in Idaho and Utah, we can find the perfect fit for you, regardless of whether it’s advertised.
A Peek at Some Hidden Insurance Products
Here are some examples of lesser-known insurance products you can access through Page:
- Homeowners with good/excellent credit and clean driving records seeking bundled policies.
- Well-maintained second homes and cabins in urban or rural locations.
- Recreational vehicles like ATVs, RVs, and boats in Idaho, Utah, or nearby states.
- Classic cars not used as daily drivers.
- High-value item protection, such as firearms and jewelry.
- Coverage for at-home businesses not typically included in standard homeowners policies.
- Insurance for restaurants in Idaho and Utah that don’t offer self-delivery.
- Bars and saloons with a clean claims history.
The list is extensive, so the only way to know what’s available is to contact us.
Navigating the Trustworthiness of Lesser-Known Insurance Companies
Some of these hidden gems may have less name familiarity because they don’t advertise much. Naturally, this can create questions about whether you can trust them. It’s important not to judge insurance companies solely by their ads or how familiar their name feels.
Independent agencies like Page have extensive experience with a wide range of insurance companies, which allows us to help you navigate the landscape and find reputable insurers that meet your needs. In addition, you can also check ratings and consumer watchdog groups like AM Best and others to gain more insight into the trustworthiness of an insurance company.
Don’t miss out on these hidden insurance products’ potential savings and benefits. Contact Page today to discover the perfect insurance options tailored to your needs.
John Page, President of Page Insurance, has been a driving force in the insurance industry since 1998. As a licensed agent in Property & Casualty, Life, and Health insurance, John has won numerous awards for agency management and works tirelessly to improve agency operations with the clients in mind. He is passionate about building and investing in the Page team of experts, ensuring they deliver top-notch service to clients. In his free time, John enjoys snowmobiling, gaming, reading, and traveling with his wife and three kids, who are the loves of his life. John is a big hockey fan who loves rooting for the local Idaho Falls hockey team.
by John Page | Feb 11, 2022 | Insurance Tips & Tricks
Shopping for insurance can feel overwhelming, with numerous options and channels. However, one insurance shopping option consistently puts shoppers first: independent insurance agencies. In this blog post, we’ll explore the differences between direct, captive, and independent insurance channels, providing detailed information, statistics, and insights explaining why independent agencies like Page Insurance offer the ultimate shopping experience.
Direct Insurance: Quick Quotes, Limited Options
Direct insurance channels allow you to purchase policies directly from insurance companies, usually online or through call centers. While this method may seem convenient and fast, it comes with several drawbacks:
- A limited selection of products: Since you’re dealing directly with a single insurer, your options are restricted to their offerings, which may not suit your specific needs.
- No objective advice on coverage: Direct insurance providers have a vested interest in selling their policies, so you may not receive unbiased recommendations.
- Potential for higher premiums due to advertising and operational costs: Insurance companies that rely heavily on direct sales often spend more on marketing, which can result in higher premiums for policyholders.
Captive Insurance: Local Agents, Limited Choices
Captive insurance channels provide local agents who work exclusively for a single insurance company. Although they offer personalized service, their limitations include:
- Biased advice, pushing their company’s products: Captive agents are obligated to promote their employer’s policies, even if they aren’t the best fit for your needs.
- Time-consuming to shop each company individually: To compare offerings from multiple captive insurers, you’ll need to speak with multiple agents, which can be time-consuming and frustrating.
- Declining market share: According to the Independent Insurance Agents & Brokers of America (IIABA), captive agencies’ market share has been steadily declining, with independent agencies now accounting for over 35% of the market.
Independent Insurance: The Ultimate Insurance Shopping Experience
Independent insurance agencies, like Page Insurance, offer a one-stop shopping experience that puts shoppers first. By working with multiple insurance companies, independent agencies provide:
- A wide range of products and coverage options: Independent agencies can access policies from numerous insurers, allowing them to find the perfect fit for your needs.
- Unbiased, objective policy advice: Independent agents work for you, not the insurance companies.
- Competitive rates and lower operational costs: With the ability to shop multiple carriers, independent agents can help you find the best rates, and they often have lower overhead expenses, leading to more competitive premiums.
Finding the Right Independent Agency for You
To find the perfect independent agency, consider the following factors:
- Their knowledge of your state and local needs: Look for an agency with experience in your region and an understanding of local risks and regulations.
- Access to quality insurance companies and products: Ensure the agency partners with reputable insurers and offers a wide range of coverage options.
- Good customer service and investment in technology: Choose an agency that prioritizes customer satisfaction and utilizes modern technology for efficient service.
Page Insurance could be the perfect fit for you if you live in Idaho, Utah, or Wyoming. By choosing an independent agency like Page Insurance, you, the shopper, come out on top with the best coverage, personalized service, and competitive rates. Don’t hesitate to call us to learn how we can help you with all your insurance needs. Experience the ultimate insurance shopping experience that puts you in the driver’s seat!
John Page, President of Page Insurance, has been a driving force in the insurance industry since 1998. As a licensed agent in Property & Casualty, Life, and Health insurance, John has won numerous awards for agency management and works tirelessly to improve agency operations with the clients in mind. He is passionate about building and investing in the Page team of experts, ensuring they deliver top-notch service to clients. In his free time, John enjoys snowmobiling, gaming, reading, and traveling with his wife and three kids, who are the loves of his life. John is a big hockey fan who loves rooting for the local Idaho Falls hockey team.
by John Page | Feb 11, 2022 | Insurance Tips & Tricks
Saving on home insurance is crucial for homeowners looking to protect their investment without breaking the bank. With so many options and factors, finding the best deal can be challenging. Fortunately, we’ve compiled ten secrets to help you save on home insurance, and independent agencies like Page Insurance can guide you every step of the way.
1. Get the Right Type of Policy!
Understanding Home Insurance Policies
Homeowners’ insurance policies can be complicated, with at least eight different types and numerous coverage options and exclusions. To ensure you’re getting the right policy for your needs, work with an insurance professional like those at Page Insurance. They’ll help you find the perfect policy tailored to your specific situation, whether for a house, condo, or another property type.
2. Understand Coverage Options
Key Coverage Components
Most homeowners policies offer the following coverages:
- Damage to the house
- Damage to other structures
- Damage to personal property
- Additional living expense
- Personal liability
- Medical expenses of others
However, the extent of coverage for each component can vary between policies. Page Insurance experts can help you navigate these options, ensuring you get the best coverage at the lowest possible rates.
3. Prioritize the Big Stuff
Instead of focusing on small claims, prioritize coverage for incidents that could have a significant financial impact. Consider raising your deductible to free up funds for increasing your liability or building limits. This strategy enables you to get more essential coverage while reducing costs on less critical aspects.
4. Bundle or Separate Policies
While bundling policies (such as auto, home, and life insurance) can result in substantial savings, sometimes it makes more sense not to bundle. Page Insurance will shop each policy separately and in bundles, determining the best combination for your unique situation.
5. Eliminate High-Risk Factors
Reducing risks can lower your insurance premiums. Consider addressing the following high-risk factors:
- Aggressive dog breeds
- Swimming pools, trampolines, or other injury-causing items
- Poor property maintenance
Page Insurance can help identify these factors and guide you in deciding whether to address them for potential savings.
6. Improve Your Credit Score
Insurance companies often factor in credit scores when determining rates. While some companies weigh credit more heavily than others, improving your credit score can lead to better rates.
7. Maximize Discounts
Discounts can vary by company, but common ones include:
- No smokers in the house
- Recent home purchase
- Automatic premium payments
- Paperless billing
- Specific career types
- Security systems
- Safety features
Page Insurance will help you find all available discounts and determine the best overall value for the coverage you need.
8. Invest in Home Improvements
Specific home improvements can lower insurance premiums:
- Replacing the roof
- Updating electrical systems
- Updating plumbing systems
- Updating heating systems
Maintain your home, and remember that insurance is for accidental and sudden damage, not wear and tear.
9. Understand What’s NOT Covered to Manage Expenses
Homeowners’ policies don’t cover everything. Familiarize yourself with exclusions like earthquake or flood coverage to avoid surprises when filing a claim. By understanding what is not covered, you can make informed decisions on adding specific coverages or taking preventive measures to minimize potential damages. This awareness can help you better manage your overall expenses related to home protection and ensure you’re getting the most value out of your policy.
10. Be Strategic with Claims
Avoid filing small claims, as they can increase your premiums. Instead, consider home insurance for more significant incidents that are harder to handle personally.
Shop insurance companies every three years to maximize loyalty discounts without missing out on better deals. Page Insurance can assist you in evaluating your options at each shopping cycle.
Saving on home insurance doesn’t have to mean sacrificing coverage. By following these ten secrets and working with an independent agency like Page Insurance, you can find the best coverage at the most competitive rates. Remember, the key is to strike a balance between securing essential coverage and finding opportunities to save. Our team of experts is here to help you navigate the insurance market and ensure you’re well protected without breaking the bank. Don’t hesitate to reach out to Page Insurance for assistance with all your home insurance needs, and start experiencing the benefits of our personalized approach today.
Discover your Best Deal here – it’s easy and fast. Zero pressure – do things at your speed.
John Page, President of Page Insurance, has been a driving force in the insurance industry since 1998. As a licensed agent in Property & Casualty, Life, and Health insurance, John has won numerous awards for agency management and works tirelessly to improve agency operations with the clients in mind. He is passionate about building and investing in the Page team of experts, ensuring they deliver top-notch service to clients. In his free time, John enjoys snowmobiling, gaming, reading, and traveling with his wife and three kids, who are the loves of his life. John is a big hockey fan who loves rooting for the local Idaho Falls hockey team.
by John Page | Feb 11, 2022 | Insurance Tips & Tricks
All-terrain vehicles (ATVs) offer exhilarating experiences, but along with the excitement come inherent risks. Accidents can happen, and when they do, having the right insurance coverage is crucial. Many ATV owners may not fully understand the importance of ATV insurance or the available coverages. This guide aims to empower ATV owners to make informed decisions about their insurance coverage, ensuring they’re well-protected and can enjoy their off-road adventures with peace of mind.
Understanding ATV Insurance Coverage Options
Liability Coverage: Protects you financially if you’re found responsible for an accident while operating your ATV.
- Bodily Injury (BI): Covers medical expenses, lost wages, and legal fees for the injured party.
- Property Damage (PD): Covers repair or replacement costs for the other party’s vehicle or property.
Collision Coverage: Pays for repairs or replacement of your ATV if it’s damaged in an accident, regardless of fault. This coverage can be especially important if you’ve invested in an expensive ATV, as it helps you avoid significant out-of-pocket expenses in case of an accident.
Comprehensive Coverage: Protects your ATV from non-collision events like theft, fire, vandalism, or natural disasters. This coverage is valuable for those who store their ATVs outdoors or in areas prone to extreme weather events, as it protects from various risks.
Uninsured/Underinsured Motorist (UM/UIM) Coverage: Safeguards you if you’re involved in an accident with a driver who has no insurance or insufficient coverage. It covers your medical expenses and, in some cases, property damage. This coverage is essential because not all ATV riders carry insurance, leaving you vulnerable to financial losses if you’re involved in an accident with an uninsured rider.
Medical Payments (MedPay) / Personal Injury Protection (PIP): MedPay and PIP cover medical expenses for you and your passengers, regardless of fault. PIP also covers lost wages and other non-medical expenses. This coverage can be especially beneficial if you frequently ride with passengers, as it helps ensure their medical costs are covered in the event of an accident.
Additional Coverage Options
- Accessory Coverage: Protects any added equipment or customizations on your ATV, such as winches, racks, or upgraded suspension systems. If you’ve invested in accessories or modifications for your ATV, this coverage can help you avoid significant replacement costs in case of damage or theft.
- Trailer Coverage: Provides protection for your trailer to transport your ATV. This coverage is valuable if you frequently transport your ATV to different riding locations, as it helps safeguard your investment in your trailer.
- Transport Coverage: Covers your ATV while it’s being transported, such as on a trailer or in the back of a truck. This coverage can give you peace of mind knowing that your ATV is protected during transport, even in an accident.
Selecting Appropriate Coverages for Your ATV Insurance
Determining Your Needs: Consider factors like the value of your ATV, how often you use it, and the type of terrain you ride on when deciding on the appropriate coverage. For example, suppose you ride your ATV primarily on private property and have a low risk of encountering other riders. In that case, you may need less liability coverage than someone who frequently rides on public trails.
Importance of Higher Liability Limits: We recommend a minimum liability coverage limit of $300,000 to ensure you’re well-protected in a severe accident. Higher liability limits can protect your financial assets and provide peace of mind in a costly accident involving injuries or significant property damage.
Considering an Additional Umbrella Policy for Added Protection: An umbrella policy can provide extra liability protection beyond the limits of your ATV policy, safeguarding your assets in case of a large claim or lawsuit. This type of policy can be particularly valuable for ATV owners with substantial assets or those who frequently ride in high-risk situations where accidents are more likely to occur.
Real-Life Stories Illustrating the Importance of ATV Insurance
The Financial Cost of an Uninsured ATV Accident: In 2017, a young couple in Utah enjoyed a day of off-roading on their ATVs when an accident occurred, severely injuring both riders. Without an ATV insurance policy, they faced mounting medical bills and rehabilitation expenses, which led to financial hardship and even bankruptcy. This story illustrates the importance of having proper ATV insurance coverage to protect against unforeseen accidents and financial burdens.
Adequate Coverage Saves the Day: An experienced ATV rider in Idaho was enjoying a weekend adventure in the mountains when a sudden collision with another rider caused significant damage to both vehicles. Fortunately, the rider had a comprehensive ATV insurance policy with sufficient coverage, which allowed for the necessary repairs and medical expenses without any out-of-pocket costs. This story highlights the value of having adequate ATV insurance coverage, as it can help cover the costs of unexpected accidents and allow you to continue enjoying your off-road adventures.
Compelling ATV Accident and Insurance Statistics
ATV Accidents Resulting in Lawsuits: According to a study by the Insurance Research Council, about 13% of ATV accidents result in personal injury lawsuits. This highlights the importance of having adequate liability coverage to protect against potential legal costs.
Uninsured ATVs and Stolen Vehicles: The National Insurance Crime Bureau (NICB) reported that in 2016, over 20,000 ATVs were stolen in the United States. Without ATV insurance, owners of stolen vehicles face significant financial loss in replacing their stolen ATVs.
How to Save Money on ATV Insurance Premiums
- Raise deductibles: Increasing your deductible means you’ll be responsible for more expenses in case of a claim, which can lead to lower premiums.
- Maximize discounts: Take advantage of available discounts such as safe rider, anti-theft device, or multi-policy discounts, which can lower your premium without reducing your coverage.
- Bundle policies: Combining your ATV insurance with other policies like home or auto insurance can result in significant savings.
- Shop around: Comparing quotes from different insurance providers can help you find the best coverage at the most competitive price.
Common ATV Insurance Myths Debunked
Myth: Homeowners insurance is enough to cover your ATV.
Fact: While some homeowners policies may provide limited coverage for your ATV, it’s typically insufficient and may not cover you while riding off your property. A standalone ATV policy is crucial for adequate protection.
Myth: ATVs don’t need insurance because they’re only used off-road.
Fact: Accidents can happen anywhere, and your ATV is still at risk of theft or damage when stored. An ATV insurance policy ensures you’re protected no matter where your adventures take you.
Frequently Asked Questions (FAQs) About ATV Insurance
Q: Does my state (Idaho, Utah, or Wyoming) require ATV insurance?
A: While none of these states require ATV insurance by law, protecting yourself and your investment is still highly recommended. Additionally, some off-road parks, private properties, or loan/lease agreements may require you to have insurance.
Q: Can I share my ATV insurance with friends or family members who use my ATV?
A:ATV insurance typically covers the owner and any permissive user. However, reviewing your policy details is essential to understand the extent of coverage for other riders.
Q: What factors influence the cost of my ATV insurance premium?
A: Various factors can influence the cost of your ATV insurance premium, such as the make, model, and age of your ATV, your driving history, where you ride and store your ATV, and the types and levels of coverage you choose. By understanding these factors, you can make informed decisions about your coverage and potentially reduce your premium costs.
Protecting your off-road adventures is crucial, and understanding the various ATV insurance coverage options and selecting the appropriate coverages for your unique situation is critical.
Our team of experts at Page Insurance is here to help guide you through the process, so you can make informed decisions and enjoy peace of mind as you embark on your off-road journeys. Please don’t leave your ATV protection to chance; contact us at Page Insurance today and let our experienced professionals help you find the coverage you want.
Click here when you’re ready to get a zero-pressure option to consider.
John Page, President of Page Insurance, has been a driving force in the insurance industry since 1998. As a licensed agent in Property & Casualty, Life, and Health insurance, John has won numerous awards for agency management and works tirelessly to improve agency operations with the clients in mind. He is passionate about building and investing in the Page team of experts, ensuring they deliver top-notch service to clients. In his free time, John enjoys snowmobiling, gaming, reading, and traveling with his wife and three kids, who are the loves of his life. John is a big hockey fan who loves rooting for the local Idaho Falls hockey team.
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