Young America Insurance

Young America InsuranceCar insurance has always been a tricky deal for policyholders but Young America Insurance can explain it easily. As a general rule of thumb in business of all sorts, policyholders (which in this instance are the customers), seem to always be in a less-than-ideal position in the deal. Insurers have the rights to increase premiums for both minor and major violations of traffic laws. It is easy to understand a surcharge after months of premium lapses or serious accidents that cause severe injuries, but the problem is that the company can also cancel the policy if needs to be. The main reason is that the company feels it is too risky to insure a driver with bad driving records. Insurance companies make assumptions that someone with a history of accidents or traffic violations has the tendency to repeat the same mistakes again in the future, and this will put the insurer to financial burdens due to the obligatory payout. In most cases, however, a driver or even anybody has no intention to get involved in an accident at all.

Brief History

An insurance company has all the rights to increase premium, cancel policy, and deny applicants for many reasons. A great number of people have been rejected due to their previous driving records, poor credit score, history of violations, and age. In 1952, a Dallas businessman named Rodney D. Young realized that such treatment was a bit unfair. It seems mingy that a company rejects applicants just because they have minor bumps, cases of fender bender, or poor credit. This idea was the birth of Young America Insurance Company.

As it turned out, the idea became a fruitful venture because the state of Texas passed a law dictating the mandatory auto insurance coverage every driver in the state should purchase. For a lot of drivers in Texas, Young America Insurance is the affordable alternative to other established insurers, and without restrictive application requirements. The company offers low premium rate and several payment methods as well. Operating initially in Texas, it expanded to neighboring regions including Arizona, Colorado, Nevada, New Mexico, Missouri, and North Carolina. In 2012, another insurance company from Texas called Fred Loya Insurance announced that it purchased Young America Insurance along with some affiliates.

High Risk Drivers

The people that Rodney D. Young had in mind when the man founded Young America Insurance were high-risk drivers; it is a term used in the auto insurance industry to define people with bad driving records, history of insurance lapses, and convictions of DUI. Most insurers see high-risk drivers as an undesirable category of customers based on the assumptions that they will more likely file more claims in the future. Just like any assumption, there is no way to prove it wrong or right. Insurers like GoodToGoInsurance use statistics and formula of their own to make the prediction.

While there is no universal definition as to what high-risk driver actually is, at least insurance companies provide information about the many factors that may improve your chances of becoming a high-risk driver for examples DUI, illegal street racing, excessive speeding, reckless driving, and traffic violation or at-fault accident which causes a fatality. More detailed information is as follows:

  • Serious Accidents: several instances of fender bender do have impact on insurance policies, but the consequences are not likely beyond a surcharge in premium. On the other hand, serious accidents can put you to risk of cancellation. There is no universal definition as to what constitutes “serious accidents” but it is safe to assume that the accidents should at least cause severe injuries or expensive property damage. Following the cancellation, you will be categorized as high risk, and it becomes much more difficult for you to find another insurer.
  • Driving Records: all traffic tickets and conviction of DUI (if any) are listed under driving record. Poor record can also bring you down into high-risk category. In some states, the record can stay for up to three years if not more.
  • Fancy Vehicles: some types of vehicles are more expensive to insure than other. However, some cars can put you into high-risk category (even if you have been good drivers) for examples performance/race cars, classic collectible cars, and super cars. In case of damages, replacement parts come at high cost and therefore insurers are reluctant to provide policies. Young American Insurance does not have issues with the type of cars you drive.
  • Previous Insurance Lapses: as simple as it may seem, having insurance lapses pose serious threats to your status as high-risk drivers. Driving without auto insurance is against law, and some companies consider this an indication of future risk. It is therefore important to reinstate auto insurance immediately once you realize the policy expires. Let us not forget that driving without insurance may subject you to expensive legal fines.
  • New Drivers: it may appear unfair for a new driver to be considered high risk, but it is what it is in the auto insurance world. New drivers, regardless of how skillful they are, lack the knowledge. The statistics are not on their side either; new drivers are more likely to get involved in road accident compared to their more experienced counterparts. Teen drivers, however, can reduce premiums with Good Student discounts (if available). Students with good grades are granted with cheaper rate.
  • Senior Citizens: the same thing applies to drivers aged more than 70. Older drivers are also more prone to accidents due to reduced mobility, vision, and reflexes. Since senior citizens are not eligible for Good Student discount, the alternative solution is to take defensive driving course to be eligible for discount.

The good thing is that you can ask for a quite from Young America Insurance online and see an estimation of the premium rate. Provide accurate data of the car and personal information to get more precise calculation. It takes only few minutes to get printable format of the quote for future references. In case there are difficulties, customer service is always available to answer all inquiries. Young America Insurance is glad to provide insurance regardless of driving record and credit ratings.

Young America Insurance Coverage Options

Young America Insurance offers the same coverage as its parent company. Available coverage options are as follows:

  • Liability Coverage: there are two different liability coverage types. First is the Bodily Injury which covers medical payment for the injured party in an accident when you are at fault. Second is Property Damage to provide financial assistance in the event policyholder causes damages to the other party’s vehicle and physical structures such as fences or building. In addition, Liability Coverage also covers trial cost in case the other party files a lawsuit against the policyholder.
  • Collision: it acts like Property Damage but the payout is provided for the insured vehicles. Collision coverage only applies when the damage is caused by collision.
  • Comprehensive: it covers all sorts of damages caused by non-collision event for examples vandalism, theft, fire, and animals.
  • Personal Injury Protection: the coverage offers financial assistance in case of funeral, lost wages, and caregiver services during the time the insured is incapacitate to perform works due to covered perils.
  • Medical Payments: after all medical insurance is exhausted yet the policyholder still needs financial assistance for medical treatments and recovery, Medical Payments Coverage is applicable.

Locations
Young America Insurance, as part of Fred Loya, has more than 500 agencies all across Texas, California, New Mexico, Colorado Georgia, Nevada, Indiana, Alabama, and Arizona. Another good thing is that Young America car insurance agencies can be found in public places such as street corners, office buildings, supermarkets, grocery stores, and places where people generally visit on regular basis. Every insurance agent is glad to offer assistance concerning every inquiry related to car insurance including coverage, rates, quotes, discounts, and payment methods. Online portal for the same purpose is also available.

Why Choose Us?

We are committed to helping our valued customers find the best insurance coverage at the lowest rates anywhere. Our customers choose Young America for the cheapest home and auto insurance online. With just a few clicks, you can save hundreds of dollars. Start your free online quote now.

Testimonials

Hear What Our Customers Have to Say!

”I saved $540 on my car insurance policy and the low monthly payments make it so easy. Thanks Young America Insurance.” , Terry from Dallas, TX

“I love the no money down payment option and the friendly phone reps.” Sandra from Tampa, FL

Affordable

Young America is truly dedicated to offering the cheapest auto insurance rates. We have the auto policy you need to save money while keeping your family safe on the road. Our policies range from full coverage auto to general liability auto insurance,

Good Discounts

At Young America, our mission is to save our customers the most money on their auto and home insurance, it's just that simple. We have many discounts that can save you hundreds more. Start your free quote now.