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Ask an Agent: Tim Bangert

Tim Bangert

Tim Bangert

Insurance Specialist
SELCO Insurance Services

[email protected]

March 1, 2017


Navigating the insurance world can be a challenge.

The good news is, you don’t have to go it alone. At SELCO Insurance Services, we look forward to sharing our knowledge and experience to make your way forward easier. This issue, we’re talking to SELCO Insurance Specialist Tim Bangert about his long career in insurance, tips for lowering your auto insurance premiums, and what to keep in mind when car shopping. 

What is your role at SELCO?

Tim: I’m an insurance agent specializing in home and auto insurance.

How long have you been working in insurance, and what brought you into this career?

Tim: Two decades ago, I was an HR Manager for Sears. At that time, a friend of mine owned an insurance agency in Bend, and he asked if I wanted to work for him as an agent instead. It ended up being a perfect fit, and I’ve been doing it ever since. I even served as President of the Professional Insurance Agents of Oregon and Idaho from 2012 to 2013.

We talked in this newsletter about some of the uncontrollable factors that cause auto insurance premiums to change, but what can I do to keep my premiums low?

Tim: My first suggestion is to bundle your auto and home insurance. Many insurers will give you a multi-policy discount if you buy two or more types of insurance. Often, you’ll also get a reduction if you have more than one vehicle insured with the same company.

My suggestion is to bundle your auto and home insurance.

Second, ask for higher deductibles. Deductibles are what you need to pay before your insurance coverage kicks in. A higher deductible means lower premiums, which can lower your overall costs substantially.

Third, if possible, take advantage of low mileage discounts. Some companies offer discounts to motorists who drive a lower than average number of miles per year.

When you’re comparison shopping, it’s also worth asking about accident- and violation-free discounts, as well as a discount for using an antitheft device. If you have young drivers on the policy, they may qualify for credit for getting good grades, enrolling in a drivers’ ed. course, or driving only when home on college vacations.

Let's say I'm car shopping. How can I tell what type of cars are going to cost more to insure?

Tim: Before you buy a new or used car, always check into insurance costs. Car insurance premiums are based in part on a car’s market value, the cost to repair it, its overall safety record, and the likelihood of theft. Many insurers offer discounts for features that reduce the risk of injuries or theft.

Does my credit score affect my insurance?

Tim: Most insurers use credit information to price auto insurance policies. Research shows that people who effectively manage their credit tend to have fewer claims, so companies often give better rates to people with better credit.

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