Did you know the world’s first automobile insurance policy was issued in Dayton, Ohio in 1897?
We usually think of the Motor City (Detroit, Michigan) as the birthplace of the manufacturing of cars. But, Ohio was actually in the forefront of this new technology for transportation.
In 1897, Gilbert J. Loomis was the first person to purchase an automobile liability insurance policy from the Travelers Insurance Company for $1000.00.
Other interesting car insurance facts:
- Missouri had no driver exam law until 1952. Prior to such laws, people would simply pay ($.50 or so) and walk away with a license to drive.
- Massachusetts was the first state to require automobile liability insurance in 1927. (Today, New Hampshire is the only state in the U.S. without such mandatory liability laws.)
Article courtesy of Sibcy Cline Insurance Services. Have them quote your automobile and home owners insurance rates!
Ohio is ranked as the 4th least expensive state for car insurance in the U.S with a yearly average of $1,106. This is according to a state-by-state comparison of 2013 rates by insure.com.
What state has the most expensive car insurance rates? Louisiana at $2,699. (Followed by Michigan, Georgia, Oklahoma and Washington D.C.)
What state has the least expensive car insurance rates? Maine at $934.
Kentucky ranked #10 at $1,725 and Indiana ranked #44 at $1,183.
Why is there variance in insurance premiums state by state?
- Each state has different numbers of insurers competing for the business
- Driving conditions
- Number of drivers who are uninsured
- State insurance systems and laws
Article courtesy of Sibcy Cline Insurance Services.
Life insurance coverage protects loved ones when the unexpected happens. Would your family be protected if you were suddenly gone?
It’s Life Insurance Awareness month throughout September. Contact Sibcy Cline Insurance Services if you would like a quote for a life insurance policy.
Dayton, Ohio, with its 841,000 residents, are doing well behind the wheel, because the city was part of the “2013 Best Drivers Report” and ranked #34 in the United States as a safe city to drive.
- Dayton drivers average 11 years between accidents
- Dayton drivers are 9.3% less likely to be in a crash as compared to the rest of the U.S.
What city was ranked the safest to drive in the U.S.? Fort Collins, Colorado.
Want to read the Best Drivers Report? Go here.
Need a cost comparison of your car and home insurance rates?
Contact Sibcy Cline Insurance Services. They represent many financially solid insurance companies and can provide a competitive quote to you!
Everyone uses insurance for their home, car and health, but did you ever think about how this industry was first established in our country?
Benjamin Franklin, one of our country’s founding fathers, started the first insurance company in 1752 called the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire. Homes in Philadelphia were made of wood and were very close to each other and this type of fire insurance was needed!
From Franklin’s fire insurance company, building standards were developed to avoid fire hazards and pay outs from the company. These insurance standards were later reworked into city building and zoning codes.
The man-who-appears-on-the-$100-bill also started the first life insurance company. Interested in reading more about the history of insurance? Go here.
What is the history of Sibcy Cline Insurance Services?
This division of Sibcy Cline opened its doors in 2000 to further the “one-stop shop” experience for clients. The company has grown during that time and is known for its competitive rate quotes. It had a 110% increase in writing new policies for the past year.
When you obtain a quote and write an insurance policy with Sibcy Cline Insurance Services, think of good old Ben Franklin – and all of the “Benjamins” you can save when getting a lower premium rate.
How do you lower your insurance premium payment? Think about doing these things:
- Obtain several quotes for your insurance
- Increase your deductible
- Remember to ask for discounts for: multi-policies, safe driving, etc…
- And most importantly: Purchase coverage through an independent insurance agent who will “shop” for the best rate for you!
Sibcy Cline Insurance Services was founded in 2000 and represents solid insurance companies. Its sales representatives enjoy helping their clients save money by providing competitive rate bids.
Read more about saving money for your insurance here.
The Business Courier has posted its annual list of the largest Tri-state property and casualty insurance agencies and Sibcy Cline Insurance Services made this list.
Sibcy Cline Insurance offers homeowners, automobile, personal umbrella liability, life and business insurance. It represents these fine insurance companies:
- State Auto
Sibcy Cline Insurance Services was invited to participate on the Eddie and Tracy program on 700 WLW on Tuesday May 21, 2013 for a show about the Oklahoma tornado and how insurance plays a role with disasters.
Cindy Alexander, Customer Service Representative, and Rusty Feth III, Account Executive, were interviewed on this current-news program by Eddie Fingers.
Cindy talked about how insurance companies deal with disasters by first providing for immediate needs. They send first response teams to the sites with cash cards, generators and other items for people who have lost their homes.
Rusty spoke of the importance of creating a video that can detail all of the various items found in your home. When a home is destroyed, it is difficult to remember everything you own. This video should be stored away from the home or on the Internet.
They both emphasized the importance of having an up-to-date, current replacement value on the insurance coverage of your home.
Want to listen to the podcast? Go here.
With all of the terrible area storms from last Friday, 700WLW (The Big One) was in deep discussion all day about how insurance fits into the picture when homes are destroyed by tornadoes or other natural disasters.
Cindy Alexander and Jamie Cecil of Sibcy Cline Insurance Services were asked to participate on live talk radio for two programs on Monday, March 5, 2012:
In the morning, Jamie and Cindy spoke to Scott Sloan. The segment was called: “Insurance After A Disaster”. Listen to the podcast here! (This segment covered how insurance companies go about to replace people’s belongings when everything is destroyed in a natural disaster such as a tornado. The talk went on further to discuss all kinds of insurance situations including water, wind and even locusts!)
In the afternoon, they talked to Eddie Fingers and Tracy Jones for the Eddy and Tracy show: “Where Do They Go From Here?” Eddie and Tracy asked about the insurance process that follows a disaster, including how insurance mobile units go directly to disaster areas quickly to help people out. Listen to this podcast.