Tag Archives: Auto Insurance

Redpoint Insurance Group Acquires Safeway County Mutual Insurance

Dallas, TX, July 03, 2015 — /EPR AUTOMOTIVE NEWS/ — Redpoint Insurance Group, LLC today announced the acquisition of control of Safeway County Mutual Insurance Company in Dallas, TX. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County Mutual Insurance Company.

Redpoint County Mutual will specialize in writing private passenger and commercial automobile insurance in the state of Texas. The Company will be headquartered in Dallas, Texas with administrative offices in Austin, Texas. Christopher A. McClellan, the CEO of Redpoint Insurance Group will serve as CEO and President of Redpoint County Mutual. Wyatt Blackburn, the President of Redpoint Insurance Group will serve as the Treasurer of Redpoint County Mutual.

“We are excited to enter the Texas automobile insurance market – one of the strongest and most dynamic insurance markets in the United States. Redpoint County Mutual will partner with a select group of independent managing general agencies to provide a host of automobile insurance options to Texas consumers. We are committed to providing quality coverage and exceptional service to our policyholders and agents.” -Christopher A. McClellan, CEO

Redpoint Insurance Group is an insurance holding company headquartered in Dallas, TX. Redpoint’s principal affiliates now include Redpoint County Mutual Insurance Company and Redpoint Workers’ Compensation. Further detail is available at www.RedpointInsurance.com.

Contact-Details:
Chelsea Beagles
Public Relations Director
cbeagles@redpointinsurance.com
(469) 249-1008

 

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How SR-22 Insurance Can Improve A Driving Record

What any driver who has had a few too many run-ins with traffic police may have to face at some point is SR-22 insurance. According to a recently published InsuranceAgents.com article, ‘Getting Acquainted With SR-22 Insurance,’ SR-22 insurance is essential if you want to improve your driving record.

The purpose of SR-22 insurance is to prove your financial responsibility and allows you to get your driving record back on the right track.

“If you are cited by law enforcement for driving without insurance then you will be required to carry proof of SR-22 insurance for roughly three years just as if you were on probation,” the article states.

SR-22 insurance can be obtained through most insurance providers. To find out your state’s requirements, fees, and why or when you will need an SR-22 insurance policy, contact your auto insurance agent without delay.

You will need an SR-22 insurance policy if you have:
• A DWI, DUI, or any other serious moving violation
• A suspended or revoked license
• Been involved in an at-fault accident without insurance
• Made repeated traffic violations

SR-22 insurance can be a pain to file, and it can also be expensive. Visit InsuranceAgents.com to learn more about SR-22, and to request auto insurance quotes from up to five local agents.

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Protect Your Taxi Company with Taxi Insurance

The main source of transportation in big cities such as New York City or Chicago, taxis offer many people the convenience of not having to deal with the responsibilities of owning a car. For a taxi company to thrive, however, it must possess a quality taxi insurance policy to protect not only their employees, but the customers as well. A recently published article on InsuranceAgents.com explains how vital taxi insurance is to a company. To compare insurance rates, fill out this form now.

“Not only are taxis a cheap alternative to owning a car, they also act as our own designated driver after a long night of over-age drinking,” the article, Taxi Insurance: Protection for Your Yellow Vehicle, reveals. “At the end of the day, however, a taxi is first and foremost a business, and any legitimate taxi company needs taxi insurance to protect their business. Operating in an industry that results in over two million passengers injured each year, taxi insurance provides taxis with the assurance that they will be protected in case an unfortunate incident occurs.”

Unlike standard auto insurance, taxi insurance provides a number of coverage options designed particularly for taxis. This includes liability coverage that protects the cab company, the driver, and the company’s assets. It also includes comprehensive coverage against vandalism, theft, fire and other damages caused by an accident.

There are certain requirements a taxi must first meet before even being considered for coverage. On top of functioning as fare-based, taxi drivers must also be between the age of 25 and 65, have a valid driver’s license for more than two years in the United States and possess a clean criminal record.

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Auto Insurance Rates Rose 3 Percent Last Year. In 2009, They’re Expected To Rise Another 4 Percent, At Least

It may seem impossible to believe, but auto insurance can still be affordable. Even though rates are rising in most areas of the country, drivers don’t have to let their insurance policies lapse in order to save money, according to a recently published article on InsuranceAgents.com.

Auto Insurance Rates Rose

Auto insurance rates rose 3 percent last year. In 2009, they’re expected to rise another 4 percent, at least. In some areas (depending on the carrier), they’re expected to rise even more. And with many U.S. households suffering from grossly reduced incomes, many drivers may be led to believe that affordable auto insurance is a myth. But it may just require a little digging up to find.

According to the InsuranceAgents.com article, “Several Tips to Keep Auto Insurance Premiums Low as Rates Rise,” drivers who want to keep their auto insurance coverage need to begin their search by figuring out what auto insurance quotes are in their price range.

“The first step in beginning their search for low auto insurance quotes is to figure out exactly how much they are willing to spend on auto insurance. In order to do this, they will have to sit down and budget their expenses,” according to the article.

This means having to calculate finances, like one’s income, savings, expenditures, bills and debts, and miscellaneous expenses.

When trying to save money, the last thing one should do is drop their insurance policies to simply save money in the short term. This puts the former policyholders at risk for a huge financial loss, and too often results in them losing thousands of dollars in even minor events (like a fender bender in a car accident, for example). Not to mention, driving without auto insurance is against the law, in most states.

InsuranceAgents.com suggests other ways to save money on auto insurance, including raising the policy’s deductible, asking for discounts, driving less, practicing safe driving, maintaining good credit, searching for auto insurance quotes regularly, and also, figuring out the right amount of coverage (under-insuring and over-insuring can both cost you too much money).

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GM And Chrysler Bankruptcies Bring Worries About Warranties and Auto Insurance

With the recently filed bankruptcies of both GM and Chrysler approved, consumers are flooding social media sites, blogs and advice columns with questions about car warranties and auto insurance. According to research conducted by FreeInsuranceAdvice.com, these questions primarily fall into three categories:

• Will car warranties be honored by the manufacturers and dealers?
• Does the bankruptcy filing impact existing auto insurance policies?
• How will outstanding car loans be affected?

Car warranties will be honored
A majority of the postings were related to whether GM and Chrysler car warranties would be honored. According to an interview in USAToday with Steve Harris, General Motors’ vice president of global communications, the answer is yes. In addition to the company’s backing, the government’s Warranty Commitment Plan was announced in March to reassure buyers of General Motors and Chrysler vehicles that warranty claims would be honored during the companies’ restructurings.

Auto insurance policies need to be monitored
Most people have insurance directly through major insurance companies and those policies are not affected by the bankruptcies. The financial services groups of both GM (GMAC Financial Services) and Chrysler (Chrysler Financial) are separate companies with strong financial records, despite their parent companies’ problems. It is expected that they will be affected negatively only to a small degree and for a short period of time as the companies emerge from bankruptcy. However, consumers who do have their insurance carried by these financial service groups should check with their insurance agents to ensure that coverage is adequate and continuous along with getting the best car insurance advice possible.

“Consumers are rightfully nervous but the sky is not falling,” says Michael Crosson, Publisher of FreeInsuranceAdvice.com. “These two major car manufacturers should emerge stronger, leaner and certainly more focused on creating better products. This may even include better and longer warranties and better insurance offerings. At FreeInsuranceAdvice.com, our goal is to provide the most up-to-date information as the market changes.”

Car loans unchanged
Other consumers were concerned about being credited for payments made to the financial services groups of the bankrupt companies. Consumers who have loans should continue to make their payments, according to federal authorities supervising the bankruptcies. However, for these finance companies the future is far from rosy. “Clearly, auto finance delinquencies are increasing,” says Bradley Rubin, automotive sector specialist with BNP Paribas in an interview in TheStreet.com. “We think there will be a significant increase in auto finance delinquencies this year.”

FreeInsuranceAdvice.com is a consumer information service center that provides a wide range of articles and helpful resources on auto, home, health and life insurance advice. The website was launched in March of 2009 and is one of the largest repositories of teen car insurance information available online. The company is headquartered in Gold River, CA.

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