Monthly Archives: April 2017

Treated seriously by both parties regardless of how minor

Being rear-ended by another driver may not result in significant damage to your automobile or bodily injury, but you still need to say calm and alert so the situation doesn’t get out of hand.

Here are five suggestions to help you do just that:

1. Check both parties for injuries. If someone has been injured, call for medical help immediately.

2. Contact the police. No matter how much damage resulted from the accident, the police are necessary to validate an insurance claim.  Police can also be helpful in keeping the communication peaceful and under control.

3. Involve your insurance company. Both insurance companies should be notified. Even if the other person wants to “handle it between the two of you” it’s smart to err on the side of caution.

If an insurance carrier is not contacted, you are left at the mercy of the other driver. They now can run out on covering the cost of the damages that they caused. Getting both parties insurance involved as quickly as possible helps to get you the best coverage possible, resulting in quick repairs and costs being covered without issue.

4. Make note of insurance and contact information. The best way to get this information from the other party is by keeping a calm and friendly demeanor, regardless of how frustrated you may be with the circumstances surrounding the accident.

Important pieces of information to gather are names of both the driver and the owner of the vehicle, phone numbers and addresses, copies of driver’s licenses information and license plate numbers.

Helps Drivers Save on Insurance

Drivers will soon have a new incentive for obeying speed limits, avoiding excessive braking and using turn signals. While some of us might not like the idea of having our driving habits monitored by an onboard spying device, the prospect of paying less for car insurance might just change our attitudes.  And whether we like them or not, computerized tracking systems that grade us on our driving style will soon be as commonplace as the now-ubiquitous cell phone.

Sprint’s Emerging Solutions Group has launched a system that allows auto insurance companies to assess pricing based on customer driving habits, rather than arbitrary information like where they live or their credit score.  Called ‘Usage Based Insurance’, or UBI, it allows insurers to customize pricing to each driver, giving discounts to good drivers and charging more to those who speed or frequently slam on their brakes.

The device plugs into a car’s diagnostic system and analyzes gathered data with scoring software that rates driver safety.  It then transmits the information via a wireless signal to the insurance firms. Sprint says it’s a win-win situation for both insurers and drivers – good drivers, that is.  Insurance companies will increase their bottom line, reduce costs and better assess the risk that drivers pose. Good drivers will save on insurance.

Insurers can also offer additional programs for policyholders, such as using the device to monitor vehicle health, fuel efficiency, service needs and location.

Plans are in place to expand the monitoring program to include financial institutions.  In this application, the device will be used to prevent drivers from starting their cars if they’re late on their payments. It will also be able to locate and lock vehicles that are being repossessed.

To bring more insurers onboard, Sprint is launching ‘Jump Start UBI’, which allows companies to try out the monitoring device on their customers at no charge for three months.

All in all, the trend toward vehicle monitoring devices indicates they’ll be commonplace in the near future, inspiring us all to clean up our driving habits to get that coveted insurance discount.