Blog

Insurance Discounts In Minneapolis

Prokop Team · July 4, 2023 ·

Insurance companies offer various insurance discounts to policyholders based on several factors. As an independent insurance agent, I have the advantage of being able to search for and compare policies from multiple insurance companies. This allows me to find the best policy for my clients, with competitive rates and potential discounts, which may not be available to captive agents who work exclusively for a single insurance company or brokers.

Some common discounts include:

Safe driver discount:

This discount is offered to drivers who maintain a good driving record without any accidents or violations over a certain period of time.

Multi-car discount:

This discount is available to policyholders who insure multiple vehicles on the same policy.

Bundling discount:

Customers who buy multiple insurance products from the same company, such as home and auto insurance, may be eligible for a bundling discount.

Low mileage discount:

Drivers who drive less than a certain number of miles per year may be eligible for a low mileage discount.

Anti-theft discount:

Policyholders who install anti-theft devices in their vehicles may qualify for a discount.

Defensive driving discount:

Drivers who complete a defensive driving course may be eligible for a discount.

Loyalty discount:

Some insurance companies offer discounts to policyholders who have been with them for a certain number of years.

Good student discount:

This discount is typically available to full-time students who maintain a certain grade point average.

Keep in mind that not all insurance companies offer the same discounts and the availability and amount of discounts may vary depending on your location and other factors. It’s always a good idea to ask your insurance provider about the discounts they offer and how you can qualify for them.

Contact us today for a complimentary insurance review to see how we can lower your insurance. We are based out of Plymouth, Minnesota, but since opening, our office have clients all over the Minneapolis/St. Paul area, including Wayzata, Minnetonka, Maple Grove, New Hope, Crystal, Brooklyn Park, and customers across the state.

5 Surprising Factors That Affect Your Car Insurance Rates In 2023

Prokop Team · June 29, 2023 ·

Are you tired of paying exorbitant car insurance rates without understanding why? Well, you’re not alone. Car insurance rates can often seem like a mystery, with seemingly random numbers determining how much you pay each month. But what if I told you that there are 5 surprising factors that affect your car Insurance rates in 2023?

That’s right – it’s not just your driving record and the type of car you drive that impact your premiums. From your credit score to your zip code, there are hidden elements that insurance companies take into consideration when determining your rates. In this article, we’ll delve into these lesser-known factors, uncovering the secrets behind why your car insurance rates are higher or lower than you expected. So, let’s delve into these surprising factors and unlock the secrets behind your car insurance rates.

Traditional factors that affect car insurance rates

When it comes to car insurance rates, there are some factors that are commonly known to impact the premiums you pay. Two of the most significant factors are:

Your driving record
Type of car you drive

Insurance companies consider drivers with a history of accidents or traffic violations to be higher risk, and they also consider your vehicle’s value and safety features.

Lesser-known factors that can have a surprising impact on your car insurance rates.

Surprising factor 1: Credit score

One of the surprising factors that insurance companies consider when determining your car insurance rates is your credit score. You might be wondering, what does my credit score have to do with my driving? Well, studies have shown that individuals with lower credit scores tend to file more insurance claims. Insurance companies see this as an indicator of increased risk and may charge higher premiums to those with lower credit scores. So, if you’ve been neglecting your credit score, it might be time to start paying attention, as it could be costing you more in car insurance premiums than you realize.

Surprising factor 2: Occupation

Did you know that your occupation can influence your car insurance rates? It may seem strange, but insurance companies have found correlations between certain occupations and the likelihood of filing insurance claims. For example, professions that involve a lot of driving, such as delivery drivers or salespeople, are often considered higher risk by insurance companies. On the other hand, individuals with jobs that are seen as more stable and less prone to distractions, such as accountants or teachers, may be offered lower insurance rates. So, the next time you’re comparing car insurance quotes, consider how your occupation might be affecting the premiums you’re being quoted.

Surprising factor 3: Marital status

Believe it or not, your marital status can also impact your car insurance rates. Married individuals often enjoy lower insurance premiums compared to their single counterparts. Why? Well, insurance companies have found that married individuals tend to be more responsible drivers and are less likely to engage in risky behaviors behind the wheel. Additionally, being married means you may have access to multiple vehicles, which can lead to multi-car discounts. So, if you’re tying the knot or already married, be sure to mention it when shopping for car insurance to potentially save some money on your premiums.

Surprising factor 4: Education level

You might not think that your education level would have any bearing on your car insurance rates, but studies have shown that it can. Insurance companies have found correlations between higher education levels and lower insurance claims. Individuals with higher levels of education are often seen as more responsible and less likely to engage in risky driving behaviors. So, if you have a college degree or higher, it’s worth mentioning when getting car insurance quotes to see if it could lead to a discount on your premiums.

Surprising factor 5: Zip code

Where you live can have a significant impact on your car insurance rates. Insurance companies analyze data from various zip codes to determine the likelihood of accidents and theft in different areas. We know Minneapolis/St. Paul is dealing with high auto theft rates, so that will affect customers more than in Plymouth, Wayzata, Minnetonka, Maple Grove, New Hope, Crystal, Brooklyn Park, or other parts of Minnesota.

If you live in a densely populated urban area with higher crime rates, you can expect to pay higher premiums. On the other hand, if you live in a rural area with a lower population density and fewer reported accidents, you may enjoy lower insurance rates. So, when it comes to car insurance, your zip code matters more than you might think.

How these factors impact car insurance rates

Now that we’ve explored these surprising factors, let’s take a closer look at how they actually impact your car insurance rates. Each factor contributes to a unique risk profile that insurance companies use to assess the likelihood of you filing a claim. For example, individuals with lower credit scores, certain occupations, or single marital status may be considered higher risk, resulting in higher premiums. On the other hand, those with higher education levels or living in safer zip codes may be seen as lower risk and could enjoy lower insurance rates. Understanding how these factors impact your premiums can help you make informed decisions when it comes to choosing the right car insurance policy.

Tips for reducing car insurance rates

If you’re looking to lower your car insurance rates, there are some steps you can take.

Work on improving your credit score by paying bills on time and reducing debt. This can potentially lead to lower car insurance premiums.
Consider exploring different occupation-related discounts or affiliations that may be available to you.
If you’re single, getting married or adding a spouse to your policy could result in lower premiums.
If you’re in a position to choose where you live, keep in mind that moving to a safer or less densely populated area may lead to reduced car insurance rates. This will hold true for your home insurance cost too.

By understanding these lesser-known factors and how they contribute to your risk profile, you can make better choices when it comes to your car insurance.

Remember, it’s always worth shopping around and comparing quotes from different insurance providers to find the best deal.

We can offer you a range of insurance providers, including Nationwide, Progressive, Safeco, Travelers, and others, to ensure that you receive the most suitable policy at the most competitive price. Contact us today for a no-obligation quote.

Buying A Box Truck In Minnesota

Prokop Team · June 20, 2023 ·

Here is a complete guide to buying a Box truck in Minnesota.

Box trucks that are used for commercial purposes must be licensed. The licensing requirements vary depending on the size of the truck and the type of business you are operating.

To get a box truck license, you will need to:

Complete an application with the Minnesota Department of Motor Vehicles (DMV).
Provide proof of insurance.
Pay a fee.

Once you have a license, you will be required to renew it every year.

In addition to licensing requirements, there are other things to consider when getting box truck insurance. These include:

Your driving history.
The type of cargo you will be hauling.
The amount of miles you will be driving each year.
The value of your box truck.

We can help you assess your needs and find the right policy for your business. Contact us today for a free quote.

Looking for the best deal on a new or used box truck? We recommend Astleford International, a local truck dealer that has been around since 1953. They carry new International and Isuzu while maintaining a great selection of used box trucks.

Once you have purchased the box truck, you will need insurance. Prokop Insurance Agency is a family-owned and operated insurance agency serving the Minnesota community for over 30 years. We are committed to providing our clients with the best possible service and the most competitive rates. Read more about our box truck insurance.

We offer a wide variety of insurance products, including auto, home, business, and life insurance. We are also licensed to sell box truck insurance.

Lower Summer Electric Bills

Prokop Team · June 13, 2023 ·

Figuring out how to lower summer electric bills in Minnesota with our humidity can be difficult, especially when temperatures are at their hottest. Luckily, there are some steps you can take to save on your electricity bill during the summer months. Try these energy-saving tips so you can focus more on the pleasures of summer.

Insulate your home
Heating and cooling account for 50% to 70% of the energy used in the average American home, according to the U.S. Department of Energy (DOE). Reducing the energy spent on cooling by improving insulation is a great way to lower your summer electric bills. Newer homes generally are better insulated than older, unimproved homes because building energy codes have become progressively stricter over the years, says the DOE. If you have an older home, consider adding better insulation. Unless your newer home was constructed with special attention to energy efficiency, your utility bills will still probably benefit from improving your home’s insulation.
Turn on your ceiling fan
Install ceiling fans, which can help everyone in the room feel cooler without the need to run the A/C as much – or at all. While the fans don’t actually lower the temperature in the room, they create a wind-chill effect and make you feel cooler by accelerating the evaporation of perspiration on the skin. Another summer energy-saving tip: Ceiling fans are of no use when no one is in the room, so turn them off when you leave.
Close the drapes and blinds to reduce heat gain
Keep draperies and blinds closed on the sunny side of the house. Adding awnings can help, too. Looking for a longer-term solution that will add to the beauty of your property? Plant trees. “This Old House” recommends particular trees for fast-growing (1½ to 2 feet per year) shade options.
Be smart about peak-time summer utility rates
Plan to run your washer, dryer, and dishwasher before 11 a.m. or after 7 p.m. to avoid peak usage times and potentially higher rates. Utility companies often raise gas and electricity rates during the hottest time of the day, according to Energy Upgrade California. You can still load the dishwasher after meals, but waiting a bit to run it can help lower summer electric bills.
Check for air conditioner efficiency
The DOE recommends having a professional check and clean your air conditioner (and your heater) once a year. If the unit is more than 15 years old, you may want to consider replacing it with a newer, more energy-efficient unit. A new system can greatly reduce your energy costs, says the DOE, especially if the existing equipment is in poor condition. On your current system, check your ductwork for dirt streaks, especially near seams. These indicate air leaks, and they should be sealed with a duct mastic sealant. Keep yard debris away from the outside compressor of your air-conditioning unit and keep nearby bushes trimmed.
Look for the Energy Star symbol
Planning to replace your washer, dryer or refrigerator? Shop with energy savings in mind. The U.S. government’s Energy Star program certifies products that meet strict energy-saving specifications. According to Energy Star, washers built before 2003 are significantly less efficient than newer models. Energy Star washing machines use about 25% less energy and 40% less water compared with regular washers. Similar money and energy savings can be found in newer dryers, refrigerators and other appliances that are Energy Star-certified.
Use the grill instead of the oven
Running your oven on hot days makes your air conditioner run more to keep the house cool. Firing up the backyard grill for a barbecue instead can help you save on your electric bills in the summer.

Once you finish using these summer energy-saving tips for your home, check out these summer heat safety tips to help protect yourself and your family.

Auto Insurance Rates Are Rising in 2023: Here’s What You Need to Know

Robert Prokop · May 22, 2023 ·

Auto insurance rates are expected to rise in 2023. This is due to several factors, including inflation, higher vehicle repair and replacement costs, and increased car accidents. An independent agent can shop multiple insurance companies to help you find the best coverage and rate based on your vehicle, situation, and needs.

To learn more about how we can help you save money on auto insurance in Minneapolis, St. Paul, Maple Grove, Minnetonka, Plymouth, Wayzata, and the surrounding Twin Cities area, contact Prokop Insurance today.

Inflation

The cost of goods and services has been rising in recent months, which also impacts the cost of auto insurance. Insurance companies need to raise rates to cover their rising costs.

Higher Vehicle Repair and Replacement Costs

The cost of repairing and replacing vehicles has been rising in recent years due to factors such as the increasing complexity of cars/trucks and the rising cost of parts. This is driving up the cost of auto insurance claims, forcing insurance companies to raise rates.

Increase in the Number of Car Accidents

The number of car accidents has been rising in recent years due to factors such as distracted driving, drunk driving, and speeding. This is also driving up the cost of auto insurance claims, forcing insurance companies to raise rates.

How to Save Money on Auto Insurance

If you are looking to save money on auto insurance, there are a few things you can do:

Shop around for quotes from different insurance companies. This is the best way to find the best deal on auto insurance. Prokop has access to many different insurance companies, including Progressive, Nationwide, Travelers, Safeco, and many more.
Increase your deductible. A higher deductible will lower your monthly premiums, but you will be responsible for paying more out of pocket in the event of a claim.
Take a defensive driving course. This can reduce your risk of being in an accident, which can lower your rates. If you are at high risk to insure because you have a DWI, several accidents, speeding ticket, or other, we can still insure you. Contact us today.
Install safety features in your car. Features such as anti-lock brakes and airbags can also reduce your risk of being in an accident, which can lower your rates.
Bundle your auto insurance with other policies, such as homeowners or renters insurance. This can often save you money on both policies for up to 30% savings.
Usage based insurance. Gives you discounts of up to 40% based on how you drive and/or how many miles you drive.
Major and minor accident forgiveness. Add this to your policy on the chance you have an accident and protect your rates from going up by an average 25%.
Ticket forgiveness. This is a 10% average increase.

By taking these steps, you can potentially save hundreds or even thousands of dollars on your auto insurance premiums.

Additional Tips for Saving Money on Auto Insurance

Be a safe driver. The best way to save money on auto insurance is to be a safe driver. This means avoiding accidents, speeding, and driving under the influence of alcohol or drugs.
Maintain your car. Keeping your car in good condition can also help you save money on auto insurance. This means getting regular oil changes, tire rotations, and brake repairs.
Drive less. The less you drive, the less likely you are to be in an accident. If you can, try to walk, bike, or take public transportation whenever possible.

By following these tips, you can save money on auto insurance and protect yourself from financial loss in the event of an accident.

Here are some additional tips for saving money on auto insurance:

Consider your driving record. If you have a clean driving record, you may be eligible for a discount on your auto insurance.
Ask about discounts. Many insurance companies offer discounts for things like good student status, anti-lock brakes, and safety features.
Pay your bill on time. Many insurance companies offer discounts for paying your bill on time.
Bundle your policies. If you have multiple policies with the same insurance company, you may be able to save money by bundling them together. The more policies you add the bigger the discount. Add your motorcycle, boat, life, umbrella, health, pet, commercial, and anything add with do. with the same company.

By following these tips, you can save money on auto insurance and protect yourself from financial loss in the event of an accident.

We can help you compare policies from multiple providers to find the most competitive insurance rates, lowest deductibles, and comprehensive coverage for your needs. Prokop Insurance is proactive and reviews your insurance annually for rates and coverage, features, and benefits. We have access to many top insurance providers, allowing us to offer our clients the best options for policies and prices.

If you are looking for the best auto insurance rates in the Minneapolis/St. Paul area, contact Prokop Insurance today.