4 Misunderstood Things About Small Business Insurance

When small business owners are looking to cut costs, liability insurance premiums are often one of the first things to go. But while many business owners might believe that they don’t actually think they need it, why you should actually carry small business liability insurance is often misunderstood. Here are 4 points you should consider before deciding whether or not to carry small business liability insurance coverage. Read more

The Truths About Buying Liability Auto Insurance

Will buying only the minimum liability auto insurance actually save me money? Read more

Good Credit Scores May Lower Your Auto Insurance Premiums!

Did you know that your credit score can actually affect your auto insurance premiums? While prohibited in some states, more than 9 out of 10 auto insurers use your credit score in order to predict your likelihood of filing a claim. Because of this, a good credit score can actually positively affect what is called an “insurance score.”  According to a ValuePenguin study done in March of 2016, a driver with poor credit could pay almost double in auto insurance premiums than that a driver with an excellent credit.


So what goes into an insurance score?


The insurance score is also affected by things you would expect such as driving record and the type of car you drive. But apparently, insurers have found high correlations between credit score and risk of filing a claim. Obviously, the lower the risk, the less in premiums that are charged to that consumer. While not every auto insurer considers credit score as much as others, it is definitely a factor.


Insurance scores consider credit history in a similar way to credit scores. Payment history can contribute up to 40 percent of that score. The combination of credit sources you have only makes up about 5 percent. Other factors that go into calculating insurance scores include:


  • outstanding debt
  • payment patterns
  • length of credit history
  • available credit
  • late payments
  • new applications for credit
  • type of credit used
  • past-due amounts
  • public records


Could recent changes to credit reports actually help your insurance score, and save you on auto insurance premiums?


The good news is that if you don’t have the best credit score, there have been some changes that could improve your insurance score. In July of 2017, the three major credit bureaus, Equifax, Experian, and TransUnion, removed certain public records that didn’t meet new verification standards. The majority of the data removed involved tax liens and civil judgments.


While many credit and insurance scores were barely affected, it’s been found that consumers with lower insurance scores may see big changes. Consumers who had tax liens and civil judgments removed from their credit reports could see hundreds if not thousands of dollars a year in savings on auto insurance premiums.


Of course, there are not many consumers that fall into that category. Still, it is important to understand that there is an important connection between insurance scores and your credit report. You can actually ask your insurer to reevaluate your premiums if you know that your credit score has recently improved. It’s one more way to save on auto insurance.

What Makes the Best Insurance Policy?

Hint: It’s not overall price.

Whether you’re looking to buy insurance for yourself or your business, or both, you shop around looking for the best deal. There are so many marketing campaigns out there to “help you” by saving money on important policies such as auto insurance, homeowner’s insurance, and various types of business insurance. But the lowest price does not equal the most valuable policy. Read more

Why to Trust an Independent Insurance Agent Over Special Offers in the Mail

Have you or your business been receiving lots of correspondence from insurance carriers? Are these special offers they rave about actually good deals? Turn this annoyance into a learning opportunity and ask your agent about what a good deal on insurance actually is. Read more

Did You Know: Safety Ratings Affect Car Insurance Premiums

If you’re looking for a new vehicle and are looking at saving on your car insurance premiums, there’s one thing you need to know. Safety ratings have a direct effect on your car insurance premiums! Of course, this makes sense, as the safer a vehicle is, the more likely that the overall cost to the insurance company in case of an accident will be lower. This is especially true when it comes to personal injury claims. Read more

Black Sport Bike Parked in Center of Residential Street at Daytime

6 Tips for Motorcycle Safety

Motorcycles can be a lot of fun, but riding them can also be dangerous. According to the National Safety Council, although motorcycles account for only 0.7% of all vehicle miles in the U.S., motorcycle riders are 14% of all traffic fatalities. To prevent serious injuries or even death, there are many precautions you can take. Here are 6 tips for motorcycle safety. Read more

The Advantages of Choosing an Independent Auto Insurance Agent

A JD Power and Associates survey finds that independent auto insurance agents hold some advantages over getting direct quotes from insurance carriers. Even with the speed and convenience of getting a quick phone or online quote available today, you may be surprised how much more often independent agents actually convert sales when compared to consumer driven inquiries. Read more

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*We are supplied by our local Hampshire County of Government who oversee the process.



Did You Know? Different Kinds of Water Damage Need Different Insurance Coverage

Did you know that your homeowner’s insurance coverage only covers certain kinds of water damage? Depending on whether water damage is caused by flooding or a water leak, your coverage may not be sufficient. It’s important to know this information before finalizing any homeowner’s insurance policy. Read more