January 2011 - Bradford PA Insurance - Williams Insurance Agency

Auto Insurance for Teenagers in Pennsylvania

January 31, 2011 in Insurance rates for teenage drivers in pennsylvania, Uncategorized

The best way to control car insurance rates for teenage drivers in Pennsylvania is by maintaining a clean driving record. There is nothing that will make a premium jump more than an accident or speeding ticket. Teens need to understand that there are major consequences for irresponsible behavior behind the wheel and mistakes that they make now could end up costing thousands of dollars down the road.


You can expect to pay about $1,000 -$2,000 a year to add a teen driver on to your car insurance policy. There are ways to cut the expense though if the teen is a good student or involved in civic groups like the Boy Scouts. Insurance companies do offer discounts for teens who display responsible behavior and are getting consistently good grades in school.


Another way to limit car insurance rates for teenage drivers in Pennsylvania is to have the teen complete a drivers safety above and beyond their basic drivers training. Completion of a safe drivers course will result in cost savings on insurance. These classes are also great if a teen would get a ticket or be involved in a minor wreck. Pennsylvania allows drivers to wipe points off of their driving record by attending state approved drivers intervention programs. Many of our insurers will give a 10% discount upon receipt of proof of a completed driver training course.


The type of car that your teenager drives will also have a great deal of influence on the cost of insuring the vehicle. Putting them in a safe car will mean lower premiums. Cars that fall into this category are the Honda Civic, Toyota Corolla, Volkswagen Jetta, Honda CRV and Nissan Xterra. Cars that are among the most expensive to insure are the Nissan GT-R, Dodge Viper, BMW 6 and the Ford Shelby. You can figure that any type of sports car is going to be much more expensive to insure than a four door small family sedan. Many insurers are using a term called “collision experience” to rate the cars that is based on a % of the vehicles are involved in accidents and the average cost of each claim. Traditionally young drivers have been attracted to two door models and this has led to much higher collision experience in those models. If you can go with a four door sedan that is rated well for safety features your teenagers insurance premium may be dramatically reduced. 


It also can save you money if the car that your teen drives is an older model vehicle. Buying them a car that is only worth a few thousand dollars can generate auto insurance savings because you do not need to carry collision coverage on the vehicle. Best advice is to call before you buy any car and get the rate before you plunk down the cash for the car.

Erie Insurance Agents…Do They Give Better Insurance for Less Money?

January 31, 2011 in Erie Insurance agents, Senior auto insurance discounts

As Erie Insurance agents for the past 26 years we’re treated to head to head competition every day. Many times we hear competitors claiming to be “as good as Erie Insurance” and we take that as a direct compliment. Being in the trenches every day gives us the experience to see who is truly competitive and who’s a “flash in the pan” as far as competition goes.


This incredibly fast paced insurance industry has gone from zero to 100 in the past few years. Who would have ever thought your credit score would determine your auto insurance rate? Programs giving huge senior auto insurance discounts are now the norm. Other programs for teenage drivers in pennsylvania have cut young driver rates dramatically.  Just a few years ago these were two classes of business that were traditionally susceptible to higher claims activity than other driver classes. What is this saying?… I think it’s saying that the insurance companies have determined a rate for almost every category of driver and they’ve figured out how much to charge and still come away with a profit. Will this mean that some will feel cheated, left out ?…sure it will. There are so many factors that are taken into account when calculating a rate it will never be the same again. 


What’s Erie Insurance doing to help make insurance more affordable? They’ve got several programs that provide deep discounts to seniors and teenage drivers who have completed proper training and educational courses. Erie has extra coverages that makes them the envy of the competition and rates that are much lower in most cases.  In some states Erie has introduced a new coverage option deemed Rate Protection. This new endorsement will allow clients to lock in their auto insurance rates forever if they choose to accept the option.  First thing I though was…”sure , how much extra will that cost?” Turns out, many times the cost to add the rate protection ends up being less overall than the initial premium that was quoted. Go figure!!


Liability Coverage is the law

January 31, 2011 in liability coverage, minimum auto insurance for pennsylvania

If you are going to register a car in Pennsylvania, you are required to purchase auto insurance and carry proof of insurance while driving. The Commonwealth has adopted a set of requirements for minimum auto insurance for Pennsylvania that everyone must meet.

There are three parts to the minimum auto insurance for Pennsylvania that is required by law; medical benefits, bodily injury liability and property damage liability. Medical benefits pays medical bills for you or any one else on the policy regardless of whose fault the accident was. The law requires at least $5,000 worth of coverage. Bodily injury liability pays the medical expenses of someone that is injured in a wreck that is your fault. You must have at least $15,000 covering injuries for one person and $30,000 in total coverage to pay the medical bills of any other victims. Property damage liability is the type of coverage that pays for damage to a vehicle that you strike. The minimum limit is $5,000.

When you shop for minimum auto insurance for Pennsylvania, some of the companies may combine the two liability plans into a single plan providing a $35,000 limit which is acceptable to the Commonwealth. While it is not required by law, many drivers are also required to carry liability protection for their own vehicles by banks and lending companies. Since they have loaned the money for the car, they want to make sure that their investment is protected. You will have to have coverage that covers the amount of money that is owed on the loan or the lease.

If you choose to ignore the law and do not purchase auto insurance, your drivers license in Pennsylvania will be suspended along with your vehicle registration. A judge will also issue a fine of a minimum of $300 and you will be subject to paying restoration fees to have your license and registration reinstated. Failing to renew your policy on time will also subject you to the same penalties. The Commonwealth of Pennsylvania does allow a 31 day grace period to let the policy lapse between renewals but after that your vehicle registration privilege will be suspended for three months.

Benefits You Can Get With Donegal Mutual Insurance

January 30, 2011 in donegal insurance agents

Donegal insurance agents have something unique in that a mutual insurance company functions just like an insurance company. In a mutual insurance company setup you cannot find any shareholders in it; the entire policyholders instead own the company, or it may sometimes be restricted to certain classes of policyholders. Ownership rights usually has voting rights privileges, especially when electing the company’s board of directors, or in proposals to demutualise. The distributed surplus funds are paid directly to the policyholders. The global trade association for the mutual insurance industry, the International Cooperative and Mutual Insurance Federation, claims about 216 memberships in 74 countries, which in turn represents at about 400 insurers.

Donegal Mutual Insurance is a recognized member of the Donegal Insurance Group, which reported $1.0 billion in assets and $489 million in surplus as of June 30, 2009. The parent group Donegal Insurance, has net written its premium of $452.2 million in 2008. It earned a group A.M. best rating of A, and that rating simply meant excellence.

The Donegal Mutual Insurance Company is operating as a mutual fire and casualty insurance company in the market today. The company concentrates in providing a whole wide range of personal, farm, and other commercial products. It also offers in underwriting personal and commercial insurance types of coverage. Donegal Mutual’s headquarters are located in Marietta, Pennsylvania, and it offers its products exclusively through different independent agents in Pennsylvania, Maryland, Delaware, Virginia, Ohio and that in North Carolina. They also had a partnership with independent agents from the Mid-Atlantic, Southeastern and Midwestern regions in the United States of America. Donegal Mutual is already gearing up for its expansion in the future.

The major disadvantage of these mutual insurance organizations is their evident difficulty in raising capital. Unlike the regular, standard insurance companies operating in the market today with its shareholders as a major factor, its absence puts the directors of the mutual insurance companies in a very difficult position. They are having a hard time raising fresh capital to finance any new projects and ventures that they propose. Supposedly, it’s the shareholder’s job to pour in capital to commence these projects. Before, the idea of incorporating insurance into peoples’ lives began mainly with a mutual or a cooperative business structure. And now many companies have decided to opt through demutualization to become public companies, this gives them other good options which enable them to obtain further capital.

In response to the acquiring of fresh capital issue, the “mutual holding company” structure was introduced to the market first in Iowa back in 1995, and it had spread from there ever since. Along the way, there had been some concerns raised that the conversion into mutual is plain disadvantageous for the owners of the company, which are the company’s policyholders, but experts agreed that companies should go for full demutualization rather than being only partial about it. And as of August 2010, congress created the Mutual Holding Company Beneficial Owner’s Protection Act as a response to protect the owners.

Insurance Agent in Bradford Pennsylvania

January 29, 2011 in insurance agent in bradford pennsylvania

Well you may have just typed  “insurance agent in Bradford Pennsylvania” into your Google search bar?  Or maybe you found this totally by mistake.


Whatever the cause or course of your visit, I’d like to welcome you to my site and hope you’ll find some useful information here that helps in some way. You’ll see that I represent many of the leading pennsylvania car insurance companies as well as being an Erie Insurance agent for over 25 years. There are many reasons why we’re the most popular agency in town and I hope you’ll allow some of my clients to do my bragging for me.


Enjoy your visit and feel free to pick up the phone and ring me at 1-800-392-5621  if there’s something here that you’d like explained a little further. I’m always happy to help.