Does Credit History Affect Auto Insurance?

When people apply for auto insurance in Baton Rouge, LA, their credit history often affects both premiums and the likelihood of acceptance. This means that your track record of on-time and/or late payments could influence rates. The same goes for any bankruptcies, defaults or foreclosures in your past.

Why?

Some Louisiana drivers wonder why this information matters. After all, the insurer isn’t providing a loan. Insurance companies believe that a person’s financial history helps reveal how likely he or she is to file a claim. Insurers may also consider it important because a policyholder with a high score is more apt to pay premiums on time.

Factors

An insurance provider may assess specific credit history data. However, numerous companies save time by only checking scores. The most commonly used rating is known as a FICO score. This number grades a person’s payment history based on an assortment of factors.

Major events like foreclosures and bankruptcies have the most significant impact on this score. Collection accounts also have a substantial effect. Other important factors include the average account age, account types, debt level, lateness and frequency of credit inquiries. It’s also crucial to consider the percentage of a borrowing limit that you’ve used.

No Credit

Your credit report may be blank if you haven’t used any loans or charge cards in many years. The same goes for people who divorce. This frequently results in moderately higher premiums. Nonetheless, it probably won’t raise your coverage costs as much as a largely negative history.

Cordell Insurance serves motorists in Baton Rouge, LA and the surrounding area. We have provided customized auto policies at competitive prices for more than 36 years. Our staff helps drivers compare coverage from numerous major insurers. To get started, please call Cordell Insurance at 225-767-8840.
 

You’ve been in a car accident: Now what?

You’re a driver in Baton Rouge, LA and you suddenly find yourself in a car accident. Now what? Believe it or not, most people don’t really know the answer to this question. So a simple breakdown of exactly what to do when you are in a car accident in Baton Rouge is listed below, so that if you do ever find yourself in the midst of a wreck, you won’t panic.

MAKE SURE YOU AND EVERYONE ELSE IS ALRIGHT

First check yourself and everyone else. If you are in pain, try not to move unless you must away from the accident for your own safety. Check on others who were involved and make sure they are OK as well. Don’t worry about fault yet, that will be figure out later. Call the authorities or an ambulance if necessary so they can tend to more serious injuries.

CALL YOUR INSURANCE COMPANY

Call your local Baton Rouge LA insurance company, like Cordell Insurance who serves the area, and tell them exactly what happened and how bad the damage is or the injuries are. The more information you can give them the better, because your word getting in first can often be the difference of who is or is not at fault and who will pay for the damages. Of course, you may want to keep it somewhat vague as they will probably do an investiagtion of their own.

GET THEIR INSURANCE

Regardless of who is at fault, get the other person’s or peoples insurance and make copies so you can get in touch with their insurance company as necessary. You also want to do this to make sure they have insurance, which means if they are at fault they will be paying for it. If they don’t you will be the one who unfortunately ends up paying for everything. 

Using an ATV for the First Time: Enjoy the Thrill and Peace of Mind

Driving an ATV is a thrilling experience that does not have to be a risky one. You can learn how to drive an ATV, like the many masters of ATV riding, who started out as beginners, too. Cordell Insurance, serving Baton Rouge, LA, works with customers to find the best insurance coverage that fits their needs, budget, and Louisiana state requirements, so you can feel free to enjoy life while knowing that any big or small incidents will be handled effectively.

An ATV is defined by Louisiana state legislation as an off-road vehicle manufactured that cannot be driven on public streets or have a license plate and must be registered. You need to submit proof of insurance to a local DMV much like you would do for a typical vehicle at the time of initial registration and each registration renewal (registration renewal is required every 4 years for ATVs).

It is also a state requirement to adhere to certain safety regulations when operating your ATV. Please keep in mind that insurance coverage and requirements vary from state to state, so it is crucial to know the requirements for your specific state. Many of these regulations are tailored to a specific area. For instance, since there are a lot of land areas in Louisiana with trails that accommodate off-road vehicles, Louisiana state law prohibits riding on public roads. Your insurance agent will explain and clarify any precautions you need to be aware of while riding an ATV for the first time in a particular area.

Stop by, call, or send an email to the Cordell Insurance office to speak with one of their experienced agents today and start pursuing new experiences tomorrow with peace of mind.

Avoiding Road Rage While Driving

No one is able to avoid road rage all of the time but you can cut down on the amount of time you are affected by it. There are some easy things that everyone can do to eliminate this from their driving routine. This is an important thing to do since road rage plays a big role in auto accidents. In fact, aggressive driving has shown to play a big role in 66%  of traffic fatalities according to a recent study. Lowering the amount of road rage you have while driving will lower your amount of aggressive driving and make driving safer for everyone. Follow these tips to avoid road rage.

  • Play your favorite music in your car. It is amazing what a song can do to someone’s mood. You can easily change your mood from an angry one to a happy one with a good song. Some people even make a driving play list for days when they are in a lot of traffic. Your favorite song in your car can almost make it pleasant and will improve your mood.
  • Be considerate of other drivers. If someone is trying to pass you or tailgating you, let them pass. If they are driving in a way you do not like, try to get around them and move on with your trip. You never know when you are annoying another person as well and being considerate can go a long way. 
  • Use your horn only when absolutely necessary. It can easily escalate a situation so if you want to use it due to anger, avoid it at all costs so you can keep emotions down.

Contact us today at Cordell Insurance serving Baton Rouge, LA, to explore your auto insurance options and to make sure you are fully covered. 

Tips for Driving Abroad

If you’re leaving Baton Rouge, Louisiana on a European vacation, you should ask yourself one very important question: do you plan on driving while you are across the pond? If so, then you should prepare in a number of different ways to make sure you will be driving legally and protecting yourself, your finances and those traveling with you in the event of an accident.  

First, you should research the driving laws in each country you plan on visiting within Europe itself, or beyond. Every country has their own set of laws about the legal requirements for a foreigner to be allowed to drive in their country. Some nations laws require all foreign drivers to have an International Driving Permit, or IDP, in their possession. This can be purchased for a small fee from the National Auto Club or AAA as long as you are 18 years of age. However, you will want to order this immediately, as it can sometimes take a week or two to be sent to you in Baton Rouge.

Next, having auto insurance for your rental car in the foreign country is also important. This is trickier than you might think as international coverage through your insurance provider in the United States usually isn’t offered, with a few notable exceptions. If you are traveling outside of North America, overseas to places like Europe, coverage must be obtained from an independent company like Cordell Insurance, who serves the greater Baton Rouge, Louisiana area, and specializes in auto insurance plans for those who drive abroad.

You’re traveling to Europe to enjoy yourself and concentrate on new sights and experiences. One thing you shouldn’t be worrying about is driving in this foreign country, which is why having the proper identification and insurance before you leave on this adventure will give you peace of mind.

How Much Auto Insurance Do You Need?

Louisiana’s Old State Capitol is a sight you have to see whether you are a resident of Baton Rouge, Louisiana or you are visiting with your family. Full of history and mystery, touring the building will definitely help you increase your knowledge about Baton Rouge. Before you embark on your trip, it’s important that you have the right amount insurance coverage on your auto. How much auto insurance do you need? The following outlines considerations you should make to ensure you have enough coverage.

Coverage for At-Fault Accidents
In 2009, nearly 33,000 people died as a result of a car accident in the United States. Additionally, there were over 2.2 million injuries sustained as a result of an accident. With the odds of being in an accident increasing each day, you must have enough auto insurance to cover the cost of the worst scenario happening—vehicular death. Although your auto insurance covers minimums established by the state of Louisiana, legal monetary settlements often include repairing the car, covering medical costs, paying a penalty for the accident and loss of wages. On average, the legal settlement for a car accident is $19,806. If you are involved in multiple accidents in any given year, you may have to cover some of the costs if you do not have enough insurance.

Collision and Comprehensive Coverage
Collision and comprehensive insurance coverage helps repair or replace your car when you are not at fault. These coverage options help when your car is damaged by a tree, stolen or vandalized. If you have a new vehicle, the cost of repairing or replacing your car can be enormous, so you want to speak with one of our local agents to ensure that you have enough insurance coverage to get you back on the road.
Getting quotes for car insurance is easy when you contact us, your local independent insurance agent. We will answer your questions to ensure that you have the policy that best fits your needs. If you are in Baton Rouge, LA, in zip code 70809, do not hesitate to give us a call and compare coverage using our website to get quotes.

 

What Do I Need To Do When I Get A Learner’s Permit?

Louisiana is known for a number of things, including Creole food, the Bayou, and Mardis Gras. Various metropolitan cities are found throughout the state and this allows residents to find career opportunities, museums, and more. The cost of living is dramatically lower than in other parts of the United States and this is a major appeal.

Car insurance is a necessity when driving on the roads. Once there’s someone in your home that gets a learner’s permit, you will need to make sure to call the insurance company. This is because the person with the permit needs to be added to the policy.

Without knowing what you’re doing, the cost of the policy could increase substantially. This is because of the greater assumed risk of a young and inexperienced driver behind the wheel.

It’s a good idea to call one of our independent agents. With a learners permit in Louisiana, we can look through a number of insurance companies for the best prices. This will help you to get a more affordable policy. We will also talk to you about the need to increase coverage.

When you have car insurance in Louisiana, it’s important to understand the insurance options. You have to maintain the minimum liability that is required by the state. However, you can increase the coverage levels and with a learner’s permit in the house, this is a good idea. The thought process behind increasing the coverage levels is that if a student driver does get into an accident, you are responsible for less, financially speaking. If you only have $25,000 worth of property damage coverage and the accident involves $50,000, you would be responsible for the remaining $25,000.

Call and talk to one of our agents today so we can help you to find an affordable policy that provides permit coverage.