Category Archives: KMI

Knight Magee Insurance Company in Richmond Virginia

Attention Safeco Customers: File a glass claim online from start to finish

Safeco continues to partner with Safelite Solutions and now they are making it easier than ever to file your claim: You can report an auto glass repair from your computer, tablet or smartphone.

Safelite’s website identifies the work that needs to be done, confirms coverage and gives the ability to schedule an appointment for repair or replacement. You can access the glass claim center through Safeco.com.

Why Safelite Auto Glass?

  • Guaranteed work: All work is backed by Safeco’s Presidents Guarantee, which ensures that all repairs completed through Safelite meet industry professional standards and this guarantee applies as long as you own the vehicle.
  • Value: For customers with comprehensive coverage, Safeco will cover the cost of a windshield repair 100% if the shop can repair, instead of replacing. If the windshield needs to be replaced you are subject to your deductible, *unless you opted to carry full glass under your policy.
  • Quality: All providers who perform the auto glass repairs are trained professionals who meet or exceed industry professional standards.
  • Convenience: Work can be performed at your home or your office at no additional cost. Customers are never left waiting and are kept in the know with OMW (On My Way) texts.
  • Speed: Safeco customers receive high priority at the shops in the Safeco network, so this means a repair or replacement is scheduled quickly.

Not sure if you have full glass coverage under your policy? Give us a call for a policy review. (804) 320-0129


Knight Magee Insurance Company in Richmond Virginia

Auto Insurance Rates Cont…

Auto insurance rates are rising at the fastest rate in over a decade.

Here’s why:

There are many factors (out of your control) impacting insurance premiums. It’s important to understand that insurance companies base their annual premium rates on a number of factors and these factors are heavily regulated by federal and state laws, all of which are strictly enforced.

  1. Financial Stability: On a quarterly basis your insurer must prove that they are solvent. This means having assets in excess of liabilities. Many insurance companies are experiencing the effects of external environment and market factors that are driving up costs.
  2. Accidents: Even if you have had no accidents, the companies’ total accidents for the prior year will directly impact premiums for everyone. Inclement weather, heavy seasonal travel, and/or large construction projects have all been known to increase losses for a particular year. For example, lower gas prices might mean more families opt to drive to their vacation destination vs. flying. More drivers on the road = more frequency of accidents.
  3. Cost of repairs: With newer technology come higher repairs costs. Years ago a minor fender bender may have meant a new bumper cover and paint, today we have cars with back up cameras and other technology which are driving up the cost and time for repairs. Repairs are more common than total replacement of vehicles. This particular statistic can have substantial impacts on the auto insurance industry. Also, rising healthcare costs has driven up personal injury claims.

Insurance is designed to spread the risk across large numbers of people. By law, insurance premiums must be applied to an entire class of people, not an individual. It’s important to understand that insurance is a business and like any business some years are better than others. You can have one company file a 9% increase and another 2% and it’s all based on a multitude of factors from the prior year. This is why working with an independent agent is so valuable. At Knight Magee Insurance, we represent multiple insurance companies, we track market conditions, new programs and discounts and work with our clients to ensure you have the best coverage, but also the best rates. Contact us at Knight Magee Insurance for a no obligation insurance review.


Knight Magee Insurance Company in Richmond Virginia

Car Insurance Rates

There’s no one price fits all scenario when it comes to insurance. Here are some factors to consider that may impact your auto premiums:

  1. Previous coverage: Those who have had a lapse in insurance or a gap in coverage and/or carry state minimum liability limits tend to pay more for car insurance.
  2. Credit history: According to research a higher credit-based insurance score typically means you are less likely to file a claim, so as a result more favorable premiums are offered to those with higher scores.
  3. Your home: Where you live and whether you rent or own your home can impact your premiums. For example cities, tend to have more traffic and street parking and as a result are more susceptible to losses and therefore may pay a higher premium than those who live in less densely populated areas.
  4. Your vehicle use: The more time you spend on the road, the higher the chance of something happening. If you have a long commute your rates may be higher than someone who works from home and qualifies for a low mileage credit.
  5. Vehicle symbol: Vehicle symbols are determined by safety ratings, cost of parts and labor, and the likelihood of theft and/or break in. The higher the symbol the more costly to insure.
  6. Marital status: Believe it or not, those that are married are proven to have fewer auto accidents than non-married drivers. As a result more favorable rating is offered to married drivers vs. single drivers.
  7. Age: Younger inexperienced drivers tend to pay more, so qualifying for a good student discount and/or taking a driver improvement course might help offset the dreaded “youthful” surcharge.
  8. Deductible: Often, the higher your deductible, the lower your premium. We recommend that clients only carry the highest deductible they can manage at the time of a loss. Don’t forget you have to pay that deductible out of your own pocket in the event of a covered loss.
  9. Driving history: If you’ve ever been in accident or received a ticket, then I’m almost certain you experienced an impact to your insurance premium. Watching the speed limit and not driving distracted are two ways to stay safe but also reduce premiums with a clean driving record.

Car insurance costs can vary greatly form driver to driver, carrier to carrier and even state to state, which is why an independent agent, with multiple markets is invaluable. If you want to better understand how your policy was rated or are interested in a no-obligation review, contact us at Knight Magee Insurance.

*Look out for our next blog where we will address how car insurance companies base annual premium rates on a number of “other” factors, all of which are out of your control.


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