Confidently exlore the open road

We consider several factors when determining your premiums, including:

• How many claims you’ve submitted in the past
• Information about you (e.g., how long you’ve been a licensed driver)
• Traffic violations (e.g., speeding tickets)
• The vehicle you drive (e.g., make, model, and year)

A deductible is the amount that you agree to pay (out of pocket) for claims-related expenses before your insurance company pays for the remaining costs.

Let’s say you have an accident and the total approved cost to repair damages is $5,000. If you chose a $500 deductible when you purchased your policy, you would need to pay for the first $500 worth of expenses. Economical would cover the remaining $4,500 in eligible expenses.

TIP: Choosing a higher deductible will lower your insurance premium. Just be prepared to pay for any costs up to that deductible amount when you need to make a claim.

We recommend reviewing your policy at least once a year, but there are certain times when you need to contact your group’s broker to officially update it:

• When your address has changed
• Any time you buy another vehicle
• When there’s an additional licensed driver in your household
• If you’ve changed how you use your vehicle (e.g., for business)