Tag Archives: auto

Does Auto Insurance Cost More If You Have a Red Car?

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For years, a saying has circulated throughout Wayzata, MN, that auto insurance costs more for red cars. It has led people to believe that they can save more money by purchasing or leasing a blue or black car instead. Is there any truth to this?

Does Color Impact Your Insurance Premiums?

Although many people believe that red cars are more expensive, this is not true. The color of your car doesn’t impact how much your insurance costs. It doesn’t matter if a Corvette is red or white, or whether you have a red minivan. Instead, insurance companies look at several other factors. You can contact an agent at Pizano Insurance if you want to double-check. 

Factors That Can Impact Your Insurance

Companies will consider several factors, some of which may impact your premium. However, it’s important to know that these factors can vary depending on the company. 

Education Level

Some companies will ask about your highest level of education. People who have completed a college education may qualify for a discount. Some companies also offer student discounts to individuals currently enrolled in school. 

Age

Companies often consider how old you are and how much driving experience you have. A person who has been a licensed driver with zero violations for 40 years may get a lower rate than someone who just got their license and is still a teenager. 

Car Specifics

Companies will ask about the make and model of a vehicle. They’ll consider safety features and other specifics that pertain to the make, model, and year of your vehicle. The color usually doesn’t impact the policy. 

It’s essential to note that every company is unique and offers different discounts. An agent at Pizano Insurance can help you learn more about factors that impact your premium. We’re currently serving the Wayzata, MN, area. 

Do You Have To Add Non-Licensed Drivers To Your Auto Insurance Account?

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Auto insurance policies come with a list of rules and regulations. It is essential to understand how your policy works to avoid being dropped from your insurance or having claims denied.

Adding Household Members

Most insurance companies require you to add all household members of driving age to your policy, even if they do not have a driver’s license. This includes teenagers who have recently reached driving age. However, you can add drivers as excluded drivers. Excluded drivers typically do not impact your insurance policy. Speak with an agent at Pizano Insurance to understand how adding specific drivers may affect your policy and premium.

Companies Vary

It is important to note that insurance companies vary in their approach to this policy. Some may automatically add household members once they reach a certain age, which could lead to an increase in premiums unless they are excluded drivers. Additionally, some companies may not allow you to exclude certain drivers. Always consult your insurance provider to ensure you understand how your policy applies to children and other household members.

Why Is This Necessary?

This rule may seem minor, but it serves several important purposes. Adding all household members ensures that a driver is not involved in an accident without insurance coverage. For example, if someone uses your car for a quick trip and they are not listed on your policy, they could get into an accident. This could result in penalties for you and a higher monthly premium. It is also illegal.

Insurance companies will work with you to ensure you meet the necessary requirements. Contact an agent at Pizano Insurance to learn more about our services. We proudly serve the Wayzata, MN area.

Are There Any Restrictions for 16-Year-Old Drivers in Minnesota?

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For 16-year-old drivers in Wayzata, MN, Pizano Insurance is your go-to auto insurance agency. Our team of agents is ready to help you secure the appropriate policy so you can drive safely, responsibly, and in compliance with Minnesota laws for teen drivers.

What Restrictions Does Minnesota Impose on 16-Year-Old Drivers?

If you’re 16 years old and planning to drive, there are a few important guidelines to follow when you obtain your provisional license:

  • During the first six months of holding a provisional license, you are not allowed to drive between midnight and 5:00 A.M. unless accompanied by a licensed adult driver aged 25 or older.
  • A teen driver may have only one passenger under 20 years of age in the vehicle, unless they are accompanied by a parent or guardian. This restriction applies during the first six months of the provisional license.
  • After the first six months, the number of passengers under 20 years of age allowed in the vehicle increases to three, and a parent or guardian is no longer required.
  • Drivers under 18 years old are prohibited from using cell phones while operating a vehicle. This includes both hand-held and hands-free devices.
  • Any driver under the legal drinking age of 21 who operates a vehicle with a blood alcohol concentration of 0.08 or higher will be subject to Minnesota’s DWI (driving while intoxicated) laws and penalties.

Contact Us

Pizano Insurance is here to help teens in Wayzata, MN, start their driving journeys safely. Call us today to review all the requirements and restrictions for 16-year-old drivers, so you’re prepared for your next adventure.

The Importance of Reassessing Your Home Insurance Needs

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When it comes to taking care of your home, one of the first things you will want to do is make sure you have insurance coverage on it. And not only will you need to invest in insurance, but you will want to review your policy every now and again to make sure it is still meeting your needs. Let’s take a closer look at the importance of reassessing your home insurance needs and making appropriate changes to your policy when necessary. 

Living in Wayzata, MN

Owning a home in Wayzata, MN is most certainly something to be proud of. This part of the state features breathtaking scenery and lots of fun activities for the family to enjoy. And while it does tend to stay cold up near Wayzata for many months throughout the year, it actually provides residents with a few months as well. In fact, it is not uncommon for some homeowners in Wayzata to have swimming pools in their backyards. Adding a swimming pool to your property is a great example of why you need to reassess your home insurance needs every so often. 

When you add a swimming to your property, this boosts the overall value of your home; this is why you need to let your insurance company know that you are in need of additional coverage. Also, swimming pools come with certain risks. Your insurance policy will need to make sure you are protected against these risks, so reassessing it will help ensure you have the right coverage. 

To learn more about home insurance in Wayzata, please contact the Pizano Insurance company today. We can even help you with your auto insurance too. 

Do I Need Car Insurance Above the Required Liability Coverage?

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We all know that most require us to carry minimum liability insurance on our vehicles.  That’s the law so we get the minimum and consider ourselves sufficiently covered.  That may not entirely be the truth.  First, understand that liability insurance covers the cost of repairs to the other person’s vehicle if you are deemed to be at fault.  Bodily injury and property damage are the two areas covered by liability insurance.  These policies will provide funding for medical expenses and damage caused by an accident where you are liable.  It should be made clear that a minimum liability coverage will provide no monies to cover your own vehicle repairs and medical costs in an accident where you are deemed responsible.  The agents at Pizano Insurance, serving the Wayzata, MN and Albertville, MN areas, can talk with you about what your policy really covers. 

If you are leasing or financing a vehicle, the lender may require that you carry additional insurance protection.  Many lenders require collision and/or comprehensive coverage policies.  This protects their financial interest in the vehicle until the debt is paid off.  Even if you own your vehicle, you should consider the financial protection these more encompassing policies can offer you.  With you will pay a higher premium each period, if you are in an accident, you have a higher level of safety.

From home to auto or commercial insurance needs, the team at Pizano Insurance serves the needs of the Wayzata and Albertville, MN areas.  They can help ensure that you have adequate insurance coverage based on your current needs.  Periodically, you can have your agent review your policy should your lifestyle or needs change.  Visit their website then visit their office for the coverage you need.