Message to Motorists: Don't Hope So, Know So
October 01 2009 - 11:00AM
PR Newswire (US)
Allstate Survey: Many Drivers Are Unsure About What Their Auto
Insurance Covers NORTHBROOK, Ill., Oct. 1 /PRNewswire-FirstCall/ --
Does your auto policy cover you if your laptop is stolen out of
your car? How about if you leave your car running while you run
into a store and it gets stolen? Or you hit a pothole and it causes
the frame of your car to bend? Of drivers surveyed, 64 percent
believed their auto policy covers them if personal items are stolen
from their car, when it fact that is covered under a homeowners or
renters policy. Nearly one third of respondents thought they were
covered if they left their car running and it was stolen. And,
while 60 percent of drivers knew they would be covered if a pothole
caused the frame of their car to bend, 40 percent thought it would
be covered under comprehensive, when in fact, it would be a
collision claim. A new survey commissioned by Allstate Insurance
Company entitled, "Don't Hope So, Know So," asked drivers a series
of questions about which coverages they currently have, and if
those coverages would protect them in various accident scenarios.
The survey found that many were confused about the coverage they
had, the type of insurance they carried, and how high their
deductibles were. In fact, 92 percent of drivers who initially felt
confident in their auto coverage had their confidence drop by 20
points after taking the survey. "These survey results underscore
the need for consumers to be better educated about their policies
and what they mean," says Steve Sorenson, senior vice president of
product operations for Allstate. "We hope these results will get
people thinking about just how protected they are if the unforeseen
occurs." Of the drivers polled, 34 percent reported they had read
through their auto policy, yet only 23 percent were very confident
they knew their deductible limits. In the meantime, 65 percent of
the respondents said they had filed a claim in the past. To help
gain a better understanding of what an auto insurance policy
covers, Allstate offers the following tips for consumers: -- Read
through your policy. For starters, ready your policy and highlight
what you don't understand. Contact your agent or insurance company
to review those items, ensure your understanding of your policy
coverages, and to help you determine if you are adequately covered
should you have an accident. Visit
http://www.allstate.com/auto-insurance/bumper-to-bumper.aspx to
review Allstate's Bumper-to-Bumper Basics to learn about various
types of coverages and how they can work to protect you. --
Comprehensive vs. Collision. You may have both coverages on your
policy, but do you know what they mean? Comprehensive helps protect
your car in situations that don't necessarily involve a collision.
Collision helps protect you if you're involved in a collision with
another object, such as another car, tree or building. They also
vary in that each may carry a different deductible. It's important
to understand how each coverage applies in a given situation and
what you may be responsible for deductible-wise if something
happens. -- Determine appropriate deductibles for each coverage.
Your deductible is the amount of money you agree to pay
out-of-pocket when you make a claim covered by your policy. Knowing
what you agreed to in your policy helps eliminate any surprises if
or when you need to file a claim. -- Review your policy every year.
Life changes such as buying a home, moving apartments, getting
married, or having a child can affect your insurance needs.
Reviewing your policy annually ensures you and your family are
properly protected. For more information on an Allstate auto
policy, please visit http://www.allstate.com/. About the Survey The
national survey is comprised of 1009 insured drivers. Interviews
were collected between August 20-27, 2009 using internet samples.
All participants were insured drivers who reported to have
collision and/or comprehensive coverage included on their insurance
policy. All surveys were conducted by Squier Knapp Dunn and Beck
Research for Allstate. About Allstate The Allstate Corporation
(NYSE:ALL) is the nation's largest publicly held personal lines
insurer. Widely known through the "You're In Good Hands With
Allstate®" slogan, Allstate is reinventing protection and
retirement to help more than 17 million households insure what they
have today and better prepare for tomorrow. Consumers access
Allstate insurance products and services through Allstate agencies,
independent agencies, and Allstate exclusive financial
representatives in the U.S. and Canada, as well as via
http://www.allstate.com/ and 1-800 Allstate®. DATASOURCE: The
Allstate Corporation CONTACT: David Steck of The Allstate
Corporation, +1-847-402-5600 Web Site: http://www.allstate.com/
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