Shield Insurance Agency Blog

Welcome to the Shield Insurance Agency Blog. 

Here you will find a ton of articles on each of these topics: Auto Insurance, Boat/Watercraft Insurance, Business Insurance, Flood Insurance, Health Insurance, Home Insurance, Insurance, Life Insurance, Michigan Auto Insurance Reform, Recreational Insurance, Renters Insurance, RV Insurance, Things To Do At Home, Umbrella Insurance, and even a list of the Shield Agency Weekly Gift Card Winners,

If you have any suggestions for content, please drop us an email.

6 Factors to Consider When Choosing Small Business Insurance

6 Factors to Consider When Choosing Small Business Insurance

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | May 10, 2023 | Small Business Insurance | Begin a quote today!

As a small business owner, you know that running a business comes with a certain level of risk. Whether you’re just starting out or have been in business for years, it’s important to protect your business with the right insurance coverage. But with so many options available, how do you choose the right insurance for your business? In this blog post, we’ll discuss six factors to consider when choosing small business insurance.

1. Your Risk Levels

The first factor to consider when choosing small business insurance is your risk levels. Every business is different, and the risks associated with each business will vary. For example, a construction company will have different risks than a retail store. It’s important to assess your business’s risks and choose insurance coverage that will protect you in the event of a loss.

2. Professional Guidance

Choosing the right insurance coverage can be overwhelming, especially if you’re not familiar with the different types of coverage available. That’s why it’s important to seek professional guidance when choosing small business insurance. An insurance agent can help you assess your risks and recommend the right coverage for your business.

3. Employment Insurance Laws

Employment insurance laws vary by state, so it’s important to understand the requirements in your state. For example, in some states, businesses are required to carry workers’ compensation insurance, while in others, it’s optional. Make sure you understand the employment insurance laws in your state and choose coverage that meets those requirements.

4. Insurance Provider Accessibility

When choosing small business insurance, it’s important to consider the accessibility of the insurance provider. You want to choose an insurance provider that is easy to work with and responsive to your needs. Look for an insurance provider that offers online access to your policy information and has a customer service team that is available to answer your questions.

5. Premium Costs

Of course, cost is a factor when choosing small business insurance. You want to choose coverage that is affordable, but you also want to make sure you’re getting the coverage you need. When comparing insurance providers, make sure you’re comparing apples to apples. Look at the coverage limits and deductibles to make sure you’re getting a fair comparison.

6. Geographical Coverage Region

Finally, it’s important to consider the geographical coverage region when choosing small business insurance. If your business operates in multiple states, you’ll need coverage that extends to all of those states. Make sure you choose an insurance provider that offers coverage in the regions where you do business.

Choosing the right insurance coverage for your small business can be overwhelming, but it’s an important decision that shouldn’t be taken lightly. At Shield Insurance, we understand the unique risks associated with small businesses and can help you choose the right coverage to protect your business. Contact us today at (616) 896-4600 to learn more about our small business insurance options.

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Five Parts of an Insurance Policy

Five Parts of an Insurance Policy

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | May 19, 2023 | Insurance | Start a quote today!

Insurance policies can be complex and confusing, but understanding the different parts of a policy is essential to ensure that you have the right coverage for your needs. In this blog post, we will discuss the five parts of an insurance policy: premium, deductible, policy limits, exclusions, and riders.

1. Premium: The premium is the amount you pay for your insurance coverage. It is typically paid on a monthly or annual basis and is based on several factors, including your age, location, and the type of coverage you need. The premium is the cost of your insurance policy, and it is important to choose a premium that fits your budget.

2. Deductible: The deductible is the amount you pay out of pocket before your insurance coverage kicks in. For example, if you have a $500 deductible and your car is damaged in an accident that costs $1,000 to repair, you will pay $500, and your insurance company will pay the remaining $500. Choosing a higher deductible can lower your premium, but it also means you will pay more out of pocket if you need to file a claim.

3. Policy Limits: Policy limits are the maximum amount your insurance company will pay for a covered loss. For example, if you have a $100,000 policy limit for liability coverage and you are sued for $150,000, you will be responsible for paying the remaining $50,000. It is important to choose policy limits that are high enough to protect your assets in the event of a lawsuit.

4. Exclusions: Exclusions are specific situations or events that are not covered by your insurance policy. For example, if you have a homeowner’s insurance policy that excludes flood damage, you will not be covered if your home is damaged by a flood. It is important to read your policy carefully to understand what is and is not covered.

5. Riders – Additional coverage and options: Riders are additional coverage options that you can add to your insurance policy. For example, if you have a homeowner’s insurance policy that does not cover earthquake damage, you can add an earthquake rider to your policy for an additional cost. Riders can provide additional protection for specific situations that are not covered by your standard policy.

Does Your Insurance Meet Your Needs?

Understanding the different parts of an insurance policy is essential to ensure that you have the right coverage for your needs. It is important to review your policy regularly and make changes as needed to ensure that your coverage meets your current needs. If you have questions about your insurance policy or need help choosing the right coverage, contact your insurance agent for assistance.

At Shield Insurance Agency, we are committed to helping our clients find the right insurance coverage for their needs. Our experienced agents can help you understand the different parts of your insurance policy and make sure that you have the coverage you need to protect your assets and your family. Contact us today to learn more about our insurance products and services.

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A Mom Posted to Find Friends for 24-yo Son with Down Syndrome–the Flood of Support Shocked Her

A Mom Posted to Find Friends for 24-yo Son with Down Syndrome

Posted on by Shield Insurance Agency

A Mom Posted to Find Friends for 24-yo Son with Down Syndrome –the Flood of Support Shocked Her

GoodNewsNetwork | May 8, 2023 | By Andy Corbley | Down Syndrome | Health Insurance | Start A Quote Today!

Christian Bowers has Down Syndrome but likes to do normal guy stuff like go bowling and play video games.

Making friends was never hard for the young man, now 24, until he finished school and found, as many people without Down Syndrome do for that matter, it’s not as easy and straightforward to maintain a social life.

Bowers’ mother, Donna Herter, watched her son sink further and further into the dumps because he didn’t have any friends to visit him.

Eventually, Herter put up a post on Facebook asking if any local guys near Rochester, Minnesota, would be interested in coming to hang out with Christian for two hours, a service for which she was willing to offer $80,00 in compensation.

A nurse on the night shift put the post up at 4:00 AM before ending her workday and going to sleep. When she woke up, it had amassed 5,000 comments.

“I was freaking out. My hands were shaking, I was sweating. I was just looking for some local guys, I didn’t want to invite like the entire world into our house,” she told CBS News.

Her friends encouraged her to calm down and take a closer look at the comments, in which she found parents offering suggestions and others volunteering to help.

She eventually found 7 fellows from Wentzville, Minnesota, who visit Christian once a week on a rotating schedule. Herter says her son goes to sleep with a smile on his face now, and is excited about life in general, and of the future as well.

Friendships are important for people born with Down Syndrome, and associations urge parents to plan for the eventuality of their child exiting school and needing to take a more precise attitude towards socializing.

Christian occasionally attends gatherings and groups of other special needs men and women his age, but craves friendship with the rest of the population as well.

“And I’ve never asked him, but I assume because it kind of makes him feel normal, just for an hour or two. ‘Hey, somebody who doesn’t have Down syndrome wants to hang out with me,’” she said.

One of the 7 friends, James Hasting, said he felt terrible that Herter had reached the point where she was trying to pay people to visit her son. Hasting, who volunteers with special needs folks, said hanging out just for a few hours to watch a movie or play video games with Christian has changed the way he looks at the world.

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Fancying a snack from the foliage in Anchorage’s Providence Alaska Health Park’s cancer center, it was last Thursday that a moose decided to walk into the building.

Moose Walks in Alaska Hospital For Lunch – Or Maybe to Get a PET Scan

Posted on by Shield Insurance Agency

GoodNewsNetwork.org | By Andy Corbley | Moose | Apr 11, 2023 | Pet Insurance | Start A Quote Here

In Alaska, amazing animals, even the moose, are simply part of the scenery—even, as it turns out, in the hospital.

Fancying a snack from the foliage in Anchorage’s Providence Alaska Health Park’s cancer center, it was last Thursday that a moose decided to walk into the building.

Its hooves were no impediment to the motion-activated door, and soon, the security staff had to get on the intercom to warn visitors, patients, and staff that a moose was on the loose.

However the announcement served mostly to draw people in to see the moose, which wasn’t the first to ever enter the building, nor has it only been members of the deer family. Providence has also had bears try to enter their facilities.

Security managed to corral the animal before it could damage anything beyond the plants.

“Finally, I think it had enough of everybody watching him, watching him eat,” said Randy Hughes, the hospital’s director of security.

WATCH the final stages of the moose appointment…

Alaska Problems!

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The Most Fuel-Efficient Cars: How to Find the Right One

The Most Fuel-Efficient Cars: How to Find the Right One

Posted on by Shield Insurance Agency

Nationwide Blog | December 12, 2022 | Fuel-Efficient Cars| Auto Insurance | Start A Quote Today!

As automotive technology continues to evolve, consumers have a variety of fuel-efficient cars to choose from when it’s time to start shopping.

Today, many larger vehicles are included among the lists of cars that get improved mileage from Fuel-Efficient Cars. [1] As innovations continue, you no longer have to choose between the car that gets the best mileage and the one that can carry your family comfortably on vacation.

The effect of hybrid innovation on the automotive landscape is something to note, as evidenced by the cars that rank high in mileage. Hybrid options provide great fuel efficiency, and there’s a wide selection of models.

Factoring the costs of fuel, along with maintenance and repair, can give you a better idea of the actual long-term expense of owning the car instead of basing your decision only on the sticker price. [2]

Benefits of fuel-efficient cars

Fuel-efficient vehicles save on fuel costs and time spent filling up. Advanced technologies such as plug-in hybrids and pure electrics have pushed efficiency even further. Fuel-efficient cars can save you money, no matter what size you are looking for, and they’re a smart hedge against the inevitable rise in fuel prices.

Are fuel-efficient cars better for the environment?

Less fuel consumption of a car means fewer toxic emissions from the exhaust, so we have cleaner air to breathe. Fuel-efficient cars help in reducing pollution and smog by at least 50%. By switching to a hybrid car or one that doesn’t require much fuel, we are also reducing our dependency on fossil fuels. [3]

Cars with the Best Gas Mileage

Fuel economy is a key factor in operating costs for vehicles. A small difference in the overall miles-per-gallon rating can add up to big savings over years of ownership. In order to properly decide which car is best based on gas mileage, you should review several lists from reputable sources before making any decisions.

Here are a few helpful links to streamline your search for fuel-efficient cars:

Choosing the right vehicle can be difficult. But protecting your car and home is easy with Nationwide. Get a free auto insurance quote online or contact an independent agent today to see how you can save by bundling your insurance.

Sources:

[1]  “13 Most Fuel-Efficient SUVs in 2022,” cars.usnews.com/cars-trucks/advice/suvs-best-gas-mileage (accessed Nov. 17, 2022).

[2] “ What Is the Total Cost of Owning a Car?,” nerdwallet.com/article/loans/auto-loans/total-cost-owning-car (accessed Nov. 17, 2022).

[3] “Environmental Benefits of Fuel-Efficient Cars That All Should Know,” matteroftrust.org/environmental-benefits-of-fuel-efficient-cars-that-all-should-know (accessed Sept. 1, 2022).

Disclaimer:

The information included here is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state or federal regulations. Nationwide Mutual Insurance Company, its affiliates and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance Agency

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Hybrid or Electric? Pros and Cons of Alternative Fuel Vehicles

Hybrid or Electric? Pros and Cons of Alternative Fuel Vehicles

Posted on by Shield Insurance Agency

Nationwide | December 12, 2022 | Hybrid | Auto Insurance | Start A Quote Today

More hybrid and electric vehicles are taking to the roads. Can you tell the difference between them? Each has advantages and disadvantages based on the purchase price, cost of ownership, maintenance, and power. If you’re considering an alternative to the internal combustion engine, the info below may help you understand the pros and cons of hybrid and electric vehicles (EVs).

What is a hybrid car?

A hybrid car is a vehicle that uses two or more distinct power sources to move, such as gasoline engines and electric motors.

Pros and Cons of Hybrid Cars

Pros of Hybrid CarsCons of Hybrid Cars
Fuel-efficiency 
According to the U.S. Department of Energy, a plug-in hybrid electric vehicle typically uses 30 to 60% less fuel than traditional automobiles. [1] Fewer trips to the pump can save you a significant amount of money over time, especially if you have a long commute.
Less greenhouse emissions from the vehicle 
Hybrids that plugin generally produce less greenhouse emissions than gas-only vehicles. However, the type of power plant in your area is also a part of the larger greenhouse gas emissions equation. Recharging a vehicle requires electricity, and the source and cleanliness of that electricity may differ greatly. [1]
Tax breaks 
Various income tax credit programs motivate drivers to buy hybrid cars. [1a] Other incentives may include vehicle registration savings, discounts on excise taxes, and extra income tax rebates.


Higher purchase cost 
While you may save on gas, the initial cost of a hybrid is generally higher than a traditional gas-only vehicle. [2]
Expensive maintenance 
Hybrids are generally more costly to repair because of complex dual combustion systems. Not all repair shops have the proper equipment; services may have to be performed by the manufacturer. [2]
Less power 
Hybrids’ smaller internal combustion engines and lighter weight help maximize efficiency but can reduce acceleration. [2]
Gasoline is required 
Depending on the type of hybrid you purchase, only some can travel long distances without refueling. [3] Some may perceive this as a disadvantage vs the alternative full-electric vehicles.

What is an electric car?

An electric vehicle has a battery as its power source, as opposed to a gas tank. And the battery powers an electric motor, not an internal combustion engine, as in a traditional vehicle.

Pros and Cons of Electric Cars

Pros of Electric CarsCons of Electric Cars
Energy efficient 
According to the U.S. Department of Energy, electric vehicles typically convert 77% of the electrical energy from the grid to power the wheels, compared to conventional gas vehicles, which typically convert 12% to 30% of the energy stored in gasoline to power at the wheels. [4]
Less maintenance 
Electric motors have fewer moving parts than internal combustion engines, so they’re often easier to maintain. They also don’t require oil, so no more oil changes. And brakes wear much slower thanks to regenerative braking systems. [5]
Direct Emissions 
With no exhaust system, electric cars typically have zero emissions. Their rechargeable batteries are also almost 100% recyclable. However, recharging a plug-in electric vehicle requires electricity, and the source and cleanliness of that electricity may differ greatly. [1]

Shorter driving distance and fewer charging locations
The range of EVs has improved greatly, but it’s still generally lower than gas-powered vehicles with larger tanks. And with fewer charging locations, it can be more difficult to plan a longer trip.
Long recharge time
Recharge time and how much of a charge a vehicle needs depends on a number of variables. But several hours can be needed to fully recharge an EV compared to filling up at the gas pump in a few minutes.
Anxiety 
Due to the limited range and shortage of recharging stations, you may be constantly concerned about running out of power.
Expensive battery
The cost of a typical battery replacement could reach $10,000 or more, which is on par with a gas engine in traditional cars. [6]

In choosing the right vehicle, consider budget, passenger load, and geographic location. Whatever type of car you choose, ensure you have the right car insurance to help protect yourself and your car. Have peace of mind while you’re on the road and get a free car insurance quote today.

Sources:

[1] “Plug-in Hybrids,” fueleconomy.gov/feg/phevtech.shtml (accessed Sept. 19, 2022).

[1a] “Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles,“ fueleconomy.gov/feg/taxevb.shtml (accessed Nov. 23, 2022).

[2] “What Are The Disadvantages Of A Hybrid Car?,” jdpower.com/cars/shopping-guides/what-are-the-disadvantages-of-a-hybrid-car (accessed Nov. 23, 2022).

[3] “Hybrid vs. Electric Cars: Advantages and Disadvantages,” evcharging.enelx.com/resources/blog/741-hybrid-vs-electric-cars-advantages-and-disadvantages (April 20, 2021).

[4] “All-Electric Vehicles,” fueleconomy.gov/feg/evtech.shtml (accessed on Sept. 9, 2022).

[5] “Maintenance and Safety of Electric Vehicles,” afdc.energy.gov/vehicles/electric_maintenance.html (accessed Nov. 23, 2022).

[6] “How Much Do EV Batteries Cost?” autoweek.com/news/a38658350/how-much-do-ev-batteries-cost (July 1, 2022).

Disclaimer:
The information included here is designed for informational purposes only. It is not legal, tax, financial, or any other advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance Agency.

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Fireplace Safety Tips

Fireplace Safety Tips

Posted on by Shield Insurance Agency

Foremost Blog | August 26, 2021 | Fireplace Safety | Home Insurance | Start a quote today!

As the weather gets colder and your fireplace becomes more than a decorative focal point, be sure it’s up for the task of keeping your family warm and toasty – and safe. Our list will help you keep track of proper maintenance and make sure your fireplace is ready for regular use this winter.

Inspect the fireplace and chimney

Have a professional inspect and clean your fireplace and chimney each year before you begin using it for the season. If you’re using a gas or wood fireplace, open the chimney flue prior to starting the fire to let fresh air feed the flames and allow smoke to exit. Close the flue once the fire is put out.

It’s also important to keep the area surrounding the fireplace free from flammable objects. Be extra cautious of this during the holidays. Keep decorations and stockings a safe distance away from a fire and don’t ever use your fireplace to burn Christmas trees or wrapping paper. Pine boughs and paper burn intensely and can lead to a roof or chimney fire.

Gas fireplace safety tips

Gas fireplaces are exceedingly popular for their efficiency and cleaner burning properties. Enjoy them safely by acknowledging the following safety conditions:

Know your clearance zone. Many gas fireplaces have technology that makes it safe to place electronics and décor near the fireplace or on the mantle. However, certain items should never be placed within your fireplace’s clearance zone. These items include paper items like books, newspapers, and magazines; fabrics, like blankets or drapes; and wood.

Proper ventilation is key. Natural gas and carbon monoxide can kill. Make sure your flue and vents are all functioning properly.

Maintain your safety barrier. Whether it’s glass or metal, keep your safety screen in excellent condition. This will prevent flames or burning material from getting out of your fireplace, and keep flammable items from getting in.

Electric fireplace safety tips

Electric fireplaces make it possible to have a fireplace in a location that wouldn’t normally be able to fit one. The flame isn’t real, but that doesn’t mean they are without risk. As a source of heat, an electric fireplace should always be treated with care. In addition to maintaining the clearance zone discussed above, observe the following safety tips when using an electric fireplace.

Use proper cords. Many companies do not recommend using extension cords for electric fireplaces. Some will allow grounded, heavy-duty cords that are the appropriate gauge and wattage rating. Make sure to follow your manufacturer’s specific guidelines to ensure your safety.

Plug into an appropriate socket. An electric fireplace is essentially a forced air heater, and it is subject to the restrictions of a standard household socket, wiring, and fuse box. Be sure not to draw more power from your socket than it can handle, or else you run the risk of starting a real fire.

Wood fireplace safety tips

Replaced by more efficient, cleaner, and safer options, wood fireplaces are less popular than they have been in the past. However, it’s difficult to deny the ambiance of a crackling fire with real burning wood.

Consider what type of fire you want so that you can select the right type of wood. If the fire is more for aesthetics, lighter wood or a synthetic log are good choices. If your fireplace is being used for heat, oak or ash may be a better fit, since they’re heavier and burn hotter.

  • Avoid using wood from recently cut trees. They contain high levels of moisture, which can lead to more smoke and deposits forming inside the chimney.
  • Synthetic logs can burn unevenly, so be careful when using them. Even though they’re not real wood, the flue should still be open for proper ventilation as they still produce carbon monoxide.
  • Wood should be seasoned and dry – appear darker, have cracks at the ends, and will sound hollow when hit against another piece of wood.
  • Have a metal container handy when removing and storing hot ashes. Store it outside at a safe distance from your home, since embers and ashes can stay hot for a while.
  • Start your fire with newspaper, dry kindling, or organic fire starters. Never use gasoline, kerosene or charcoal starter.
  • Use a stainless steel liner to help keep the fire and ashes contained.
  • Install heat-proof glass doors to keep live embers from escaping the fireplace.
  • Look for signs of creosote and soot buildup. Creosote is a dark substance that can accumulate if the wood isn’t burning completely. It’s a highly flammable fuel and can burn at about 2000°F. Soot, which can also be flammable, is softer than creosote. Both should be cleaned out of the chimney regularly.

With these fireplace tips, you can help ensure that a cozy fire will be a safe and welcome addition to a chilly winter season.

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Should You Lease or Buy a Car?

Should You Lease or Buy a Car?

Posted on by Shield Insurance Agency

Foremost Insurance Blog | February 22, 2023 | Lease | Auto Insurance | Start A Quote Today!

You may be debating whether to lease or buy if you’re in the market for a new car. It’s considered one of the most significant decisions most people will ever make, so it is essential to take your time and consider both choices from all angles. To help you with this milestone, we will explore the pros and cons of leasing vs. buying a car.

What is a car lease?

Leasing a car is like renting a car for a long-term contractual period. You are locked into the deal for a certain number of months and a monthly payment. Instead of paying a loan and building equity like you would if you purchased a car, you are paying for the car’s estimated depreciation during your lease. [1]

Is there a difference between financing and obtaining a car lease?

The main difference between financing and leasing a car is the end result. When financing a car, you are borrowing money from a bank, finance company, or credit union to slowly purchase your car over a certain period of time. When leasing a car, you are paying for the right to use the vehicle for a defined amount of time and miles. The monthly payments on a lease are usually lower than the monthly payments if you bought the same car. When the lease ends, you must return the car unless the lease agreement lets you buy it. [2]

What happens after a car lease ends?

When your vehicle lease ends, you have three options. First, you can trade it in and replace your old lease with a new lease for a different car. If you don’t want to lease another vehicle or would rather buy your next vehicle, you can simply walk away. Finally, if you like the car you’ve been leasing, you can purchase it. The purchase price for the car will be listed in your lease agreement, so you can shop around and compare prices. As you near the end of your lease, you may start hearing from the dealership to find out how you want to proceed. Be sure to take your time to consider each option to find the right fit for you. [3]

Pros of a car lease

Lower monthly payments

A lease can ease the financial burden of monthly costs due to the smaller down payment compared with buying. This could mean opting for a more luxurious car than you could otherwise afford.

Worry-free maintenance

Many cars come with a warranty that lasts at least three years, so many of the repairs may be covered in a 3-year lease.

No resale concerns

Because you’re only leasing, simply return the car at the end of the lease. Keep in mind you may have end-of-lease fees, including those for abnormal wear and tear or additional mileage on the car.

Freedom to drive a new car every few years

When your lease is up, you can return your car and get another new one. By leasing, you get the latest advances in car technology every few years. [4]

Cons of a car lease

Mileage requirements

Most leases permit a certain amount of mileage on the car (typically 10,000 to 15,000 miles per year), and exceeding this mileage can result in fees.

Fees and other costs

While the monthly cost you pay for leasing a car is much lower, there are other fees that come with leasing a car. This includes fees for modifications to the car, excess wear and tear, an early termination fee if you terminate the lease early, an acquisition fee, and more.

Constant monthly payments

When your lease ends, you’ll need to start a new one, meaning you’ll always have a car payment. [4]

If you like always driving the latest models or don’t have the credit or money to buy a new car, leasing may be a smart option.

Pros of buying a car

Ownership

Whenever you have paid off your loan, the car is yours outright. You have the option to continue driving the car until it wears out, sell it to someone, or trade it into a car dealership for credit on another purchase.

Freedom to customize

You have complete control over how you improve or modify your car.

No restrictions

Unlike leasing a car, you’re not on the hook for excessive mileage or abnormal wear and tear fees. Because you own it, you pay for services and repairs on your timeline. [4]

Cons of buying a car vs a lease

Higher monthly payments

If you lease your car, the monthly payments will typically be lower than new car payments for the same vehicle.

Rapid depreciation

New cars can lose 15% to 25% of their value in the first five years of ownership. [4]

Large down payment

If you want better odds of getting approved for a loan, you might want to offer a larger down payment. For example, a 20% down payment for a $25,000 car would be about $5,000. Leasing your vehicle would allow you to keep at least some of that upfront cash.

If you plan to keep your car for a long time, modify it or drive a lot of miles, it makes more sense to buy.

Things to consider when car shopping

Before deciding whether to buy or lease a new or used car, make sure to do your research, especially if it’s your first time buying a car. Some things to consider are your budget, each car’s safety features, maintenance costs, and more.

What documents do I need to lease or buy a car?

When you go to the dealership to buy or lease a vehicle, here are the suggested documents to bring:

1. Valid driver’s license

2. Proof of residency (utility bill, bank statement, etc.)

3. Proof of income (pay stub) [5]

After considering all the pros and cons of buying or leasing a car and coming to your decision, don’t forget about insuring your vehicle with Shield Insurance.

Sources:

[1] “Car Leasing Guide: How to Lease a Vehicle,” Kelley Blue Book, kbb.com/car-advice/car-leasing-guide (July 8, 2022).

[2] “Financing or Leasing a Car,” consumer.ftc.gov/articles/financing-or-leasing-car (July, 2022).

[3] “The basics of a car lease agreement,” bankrate.com/loans/auto-loans/what-are-the-basic-elements-of-a-car-lease-agreement (Oct. 13, 2022).

[4] “Pros and Cons of Leasing or Buying a Car,” investopedia.com/articles/personal-finance/012715/when-leasing-car-better-buying.asp (Aug. 9, 2022).

[5] “What Documents Should I Have on Hand When Leasing a Car?” myautolux.com/blog/what-documents-should-i-have-on-hand-when-leasing-a-car (accessed Dec. 15, 2022).

Disclaimer:

The information included here is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates, and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide and Shield Insurance Agency.

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How to Prevent Car Theft

How to Prevent Car Theft

Posted on by Shield Insurance Agency

Nationwide | April 20, 2023 | Car Theft | Auto Insurance | Start A Quote Today!

How common is car theft? According to estimates from the National Insurance Crime Bureau, there were more than 745,000 motor vehicle thefts in the first nine months of 2022 in the U.S. [1] [2] And when citizens are targeted in the most potentially dangerous of these crimes – carjacking – the attacker succeeds in roughly half of all attempts, according to the U.S. Department of Justice.

To find out how to prevent carjacking and car theft, read on.

1. Don’t leave valuables in your car

You don’t display your cash, financial statements, and jewelry in your home’s windows, do you? So why would you do the same in your car? Instead, hide any valuables, including purses, computer bags, and the ignition key. You’d be surprised how often people don’t.

According to the National Insurance Crime Bureau, between 2019 and 2022, more than 100,000 reported vehicle thefts were facilitated by keys, including situations where keys were left inside the vehicle. [3] One-fourth left a purse or wallet inside, and one-third have left bank statements. In addition, one-third say they’ve kept their vehicle running while unoccupied.

2. Park in a well-lit area to prevent car theft

Not everyone has a garage. But many have the option of parking on a well-lit street – another deterrent for crooks. Also, etch the vehicle identification number on windows to discourage thieves from stealing the vehicle and selling it to a chop shop.

3. Lock your vehicle doors to prevent car theft

The minute you step into an automobile, you’re vulnerable. So lock up right away, before starting the ignition or setting up your music, GPS, etc. (Buckling up is the second “to do.”)

4. Don’t leave your keys in the car to prevent car theft

“It’ll just be for a second, I’m only running into the store for a couple of things.”

Unfortunately, “a second” is all a thief will need if you leave the keys in the car for them. So always take your keys with you no matter where or how briefly you’ll be out of your vehicle. It sounds obvious, but this is one of the most important ways to prevent car theft.

5. Stay alert

Staying alert is the best example of how to prevent carjacking. When stopped or slowed down, you increase the opportunity for a carjacker. So at traffic lights, exercise caution. “When stopped in traffic, leave enough space to move forward,” says Brent O’Bryan, vice president of learning and development for AlliedBarton Security Services, a physical security firm. [4]

6. Know where you’re going

Just as you want to stay in well-lit areas while parking, you don’t want to “hide” in the darkness while driving. “Don’t head into remote or unfamiliar areas,” O’Bryan says. “If you feel like you’re being followed, don’t drive home. Don’t park next to a vehicle such as a van which could be hiding a suspect.” [4]

7. Install an anti-theft system

If someone tries to break into your car, you’ll want to make it apparent to anyone in earshot that this has occurred. Anti-theft systems emit loud alarms when they detect forced entry into your vehicle, alerting anyone nearby and potentially scaring the would-be thief from sticking around. You can also install a GPS tracking system that will show the location of your vehicle if the thief successfully makes off with it.

Having an anti-theft device in your vehicle may earn you a discount on your car insurance.

8. Stay cool during a crisis

Even if you take every precaution, you could still get involved in carjacking. If so, your and your passengers’ safety remains the top priority. Stay calm – if you panic, it’s more likely a criminal will too. “Never argue; give up your car,” O’Bryan says. “Get away from the area as quickly as possible. Note the suspect’s appearance, and immediately report it to the police.” [4]

Most commonly stolen cars

You might expect thieves to go for the glitziest, most expensive-looking cars they can find, but the trouble with those vehicles is that they stand out in a crowd. No car thief wants to be seen after they make their getaway, so the most commonly stolen cars are some of the most widely owned models. Ford F-series pickup trucks and Honda Civics have been US frequently targeted for this precise reason. In 2021, cars like Civics were also popular because they share parts with other Hondas, making them valuable for stripping and selling. [5]

More recently, in a 2022 HLDI study, 2019-2021 models of Dodge Chargers topped the charts for most stolen vehicles. [6]

What cars are targeted for catalytic converter theft?

Certain vehicles are also being singled out to steal their catalytic converters. Hybrid cars like the Toyota Prius use expensive metals to construct their catalytic converters, making them prime targets. [7] Thieves will steal the catalytic converter and sell it for the value of its metal.

Does insurance cover car theft?

So, you took all the precautions, but someone managed to make off with your car anyway. Are you covered? It depends on your policy. Comprehensive policies will typically cover theft. However, policies like liability insurance do not.

Learn more about what your car insurance will cover in the event of car theft.

Sources:

[1] https://www.nicb.org/news/news-releases/over-745000-stolen-vehicles-reported-so-far-2022, Accessed April 2023.

[2] https://www.cbsnews.com/news/auto-thefts-carjackings-major-u-s-cities-spike-new-report/, Accessed April 2023.

[3] https://www.prnewswire.com/news-releases/vehicles-stolen-with-keys-left-inside-on-the-rise-301731304.html, Accessed April 2023.

[4] Nationwide Interview with Brent O’Bryan, 2016.

[5] https://www.cars.com/articles/these-vehicles-are-most-vulnerable-to-theft-says-iihs-457296/, Accessed April 2023..

[6] https://www.moneygeek.com/insurance/auto/most-stolen-cars-in-america/, Accessed April 2023.

[7] khou.com/article/news/how-to-prevent-yourself-from-becoming-the-latest-victim-of-catalytic-converter-thefts/285-d978572e-c12a-4142-b331-c782201b082b, Accessed August 2021.

Disclaimer:
The information included is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided. Nationwide, Nationwide is on your side, and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2021 Nationwide and Shield Insurance Agency.

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Performing acts of kindness, even anonymously, releases endorphins that make you feel good and increase your self-esteem. But what about the far-reaching impact of kindness on the recipients?

Award Winning Documentary About Kindness

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Award Winning Documentary About Kindness Features Ben Affleck, Lady Gaga, Garth Brooks And More

Sunnu Skyz | April 16, 2023 | Kindness | Shield Insurance Agency | Start a Quote Today!

Performing acts of kindness, even anonymously, releases endorphins that make you feel good and increase your self-esteem. But what about the far-reaching impact of kindness on the recipients?

In the new documentary Case For Kindness, award-winning filmmaker Steven Sawalich interviews celebrities and everyday people to find real life moments where kindness made a huge difference.

“This groundbreaking humanitarian documentary is a journey around the United States in an effort to better understand the importance of kindness and its impact on our culture and society. Through interviews with scientific experts, world and thought leaders, we delve deeper into the science behind kindness from its evolutionary beginnings to its modern day impact. Along the way we highlight inspiring acts of kindness changing communities and perceptions around the county.”

Case For Kindness has won dozens of awards as it continues to circulate film festivals around the world, including Best Picture, Best Documentary, and Best Director.

“I’ve traveled to 126 countries without knowing a lot of the culture and people and language in many, and the thing that bound us together was kindness,” Sawalich told Forbes in an interview. “I looked at the state of the world and at film, and there weren’t a lot of things about kindness. There’s a lot of things about happiness. And I’ve always looked at is as, Happiness is for the individual, and kindness is for the whole group.”

The film features interviews with Ben Affleck, Lady Gaga, Garth Brooks, Trisha Yearwood and more.

Referencing Lady Gaga’s organization The Born This Way Foundation and its Channel Kindness initiative, Sawalich said, “I like that they used to be about anti-bullying and now they are about kindness. I remember Mother Teresa said she would never attend an anti-war rally but would attend a peace rally, and that’s what Lady Gaga did to shift their organization into a positive space.”

In addition to kindness, Sawalich says community it a theme throughout the film.

“If you can help the life a person, you help their family, and if you help their family you help the community. We’re not meant to be isolated—that was an important theme throughout,” he said.

Watch the trailer for Case For Kindness below.

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