Why an independent agent?
Just what is a mutual insurance company, anyway?
How can I save money on my auto insurance?
If I am in an accident, what coverage will pay for the damage to my vehicle?
If I hit a deer, would the damage to my vehicle be covered?
What is a Deductible?
Do I need Loan/Lease Gap coverage?
What is the definition of "actual cash value"?
What if my windshield gets a stone chip? Will I have to pay a deductible when it’s repaired?
Why an independent agent?
Motorists Mutual Insurance Company is represented by more than 4,300 independent agents who live and work in local communities throughout a six-state area.
Independent agents represent many insurance companies, providing customers with choices, competitive rates and coverages that best suit their needs. They provide one-on-one guidance and help our customers navigate the complicated world of insurance policies and claims.
Moreover, our agents maintain a strong presence in their communities, forging lasting relationships on which policyholders depend. Because Motorists is built on relationships, we depend on the superior independent agents who represent us to do what’s right for our policyholders.
We hope you will choose to work with one of our experienced and knowledgeable independent agents for all your insurance needs.
Just what is a mutual insurance company, anyway?
A mutual insurance company simply is a company that’s owned by its policyholders. When you buy an insurance policy from Motorists Mutual Insurance Company, you essentially become a part owner of the company.
As a mutual company, Motorists has the advantage of focusing on business practices that are best for the needs of the owners—our policyholders—and for the independent agents who sell our insurance.
And, by keeping our focus on the needs of agents and policyholders, Motorists isn’t beholden to the whims and uncertainties of Wall Street. Our approach to doing what’s best for agents and policyholders, in addition to our associates, means that your insurance coverage is provided by people who do what’s best for your needs every day.
These traditional Main Street values are just as important today as they were in 1928. That’s why we’re proud to be a mutual insurance company.
How can I save money on my auto insurance?
Raising your Comprehensive and Collision deductibles can reduce your premium. A slight increase in your deductible can result in significant savings. Also, as your auto depreciates in value, you may find certain coverages are no longer necessary. Ask your independent Motorists agent for further explanation on how to save money on your auto insurance.
If I am in an accident, what coverage will pay for the damage to my vehicle?
Physical damage to a vehicle is covered under Collision Damage. Your independent Motorists agent will assist you in selecting a deductible to best fit your situation.
If I hit a deer, would the damage to my vehicle be covered?
Damage to a vehicle caused by an animal (e.g. deer or turkey) is covered under Other than Collision coverage. Other than Collision coverage is often referred to as Comprehensive Damage coverage. Motorists offers several deductible options. During your annual insurance review, your independent Motorists agent can assist you in selecting a deductible.
What is a Deductible?
Deductibles require you to share covered losses with the insurance company. Deductibles are used to hold down the cost of premiums, and encourage the insured to be careful in protecting against loss.
Do I need Loan/Lease Gap coverage?
As the cost of most new vehicles continues to rise, the length of a typical loan/lease agreement have been extended in order to make monthly loan payments affordable. Unfortunately, at the time of loss, this can result in a gap between the “actual cash value” of your vehicle and the amount you owe on your loan/lease.
Loan/lease Gap coverage will cover the amount of the gap between the “actual cash value” of your vehicle and the amount you owe on your loan/lease.
What is the definition of “actual cash value”?
Typically, vehicles depreciate in value over time. Simply put, older vehicles are not worth as much as new vehicles. The term “actual cash value” represents the replacement cost of your vehicle (new) minus an allowance for depreciation and obsolescence.
What if my windshield gets a stone chip? Will I have to pay a deductible when it’s repaired?
If a windshield can be repaired, Motorists will repair your windshield at no cost to you, regardless of your deductible.
If the damaged area is too severe, the windshield may have to be replaced. A deductible will be applied for all replacement windows.
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