Auto Insurance

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Almost 98% of drivers misunderstand how their auto insurance works

According to a recent survey, a staggering number of US drivers – approximately 96% – are unaware of the fundamental elements of their auto insurance coverage. The poll, which interviewed almost 1,000 drivers across the country, looked at how well motorists understand their auto insurance to see if they are aware of what it covers …

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Auto Insurance Coverage Options

GOOD DRIVERS ARE RESPONSIBLE DRIVERS. Having proper Auto Insurance ensures your independence behind the wheel. From accidents and injuries to hit-and-runs and theft, it’s important to keep your car insured so you’re prepared when accidents do happen. At Beacon Point, we combine premium Auto Insurance with personalized service to give you the best coverage possible. Our insurance …

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Classic / Antique Auto Insurance – Agreed Value vs. Stated Value

There are three different bases that an insurance company can use to value an insured auto. Lets first look at the one that almost everyone has on a typical insurance policy: Actual Cash Value (ACV) ACV translated means “What its worth in cash, today (just before you crashed it).” After your accident, an insurance company …

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Why is car insurance so expensive right now?

The latest news reports may lead people to believe that automobile insurance rates are on the rise. As we enter 2022, they have begun to return to their pre-pandemic levels. Auto insurers – anticipating fewer accidents as a result of the economic lockdown – repaid policyholders approximately $14 billion in cash refunds and account credits …

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