Please call, visit or email our new location in Downtown Ambler PA.

Conveniently located at 262 Race Street @ intersection of Butler Pike and Race St. by the Wissahickon Firehouse:

CALL:  215 642 0683  OR 877 386 2601   FAX TO:  800 386 5217


Auto Insurance Quotes

Call 215 642 0683

For The Best Prices


Automobile Insurance Overview
The insurance industry is made up of two distinct segments: life/health and property/casualty. Property/casualty insurers provide insurance for cars, homes and businesses.

Property/casualty insurance can be divided into commercial and personal lines types of insurance. Commercial lines include the kinds of insurance businesses purchase. Personal lines, as the term suggests, includes coverage for individuals -- auto and homeowners insurance. Private passenger auto (PPA) is a term applied to non-business related auto insurance. In the chart above, it is broken out into two parts: liability and physical damage.

Liability covers policyholders for the harm they are legally responsible for in a crash such as injuries to a pedestrian or to occupants of the other car and damage to that car. In most states, drivers must have auto liability insurance before they can legally drive a car. Physical damage, which is not mandatory, covers policyholders for damage to or theft of their own vehicle.

Premiums can be accounted for in several ways. The charts on premiums use direct premiums written (DPW), which reflect premium amounts before deductions for reinsurance transactions. (Reinsurance is insurance for insurance companies.) Premiums may also be expressed as net premiums written, or after deductions for reinsurance.
The bar chart above shows premiums for the two different auto insurance coverage – liability and physical damage – for a ten-year period. The increase in premiums each year represents both increases in the number and value of cars on the road and the cost of auto accidents, which includes the cost of repairing and replacing damaged vehicles, medical care for the injured and jury awards.
The auto insurance liability part of the policy covers two aspects of a drivers’ liability to others involved in an accident they caused: bodily injury liability and physical damage liability. Bodily injury liability pays for the medical costs of other people injured as a result of the accident and the policyholder’s legal defense costs in the event that those harmed sue for damages. It also pays noneconomic losses, such as pain and suffering awards, to those injured. The chart above shows growth rates from the previous year in the frequency of bodily injury claims and the severity, or amount, of bodily injury claims for a ten-year period. .

Drivers are filing fewer bodily injury claims, in part because today’s highways and cars are safer. Drivers are less likely to have an accident and, when they do, cars better protect the occupants from injury so some people may walk away unharmed. But the claims that are filed cost more. Court awards and the cost of medical care continue to rise, pushing up the dollar amount of the average bodily injury claim.
Physical damage liability pays for the cost of repairing or replacing the vehicle or vehicles damaged in an accident. The chart above shows rates of growth in the frequency and severity, or amount, of physical damage liability claims for a four-year period.

Drivers are filing fewer physical damage liability claims but, as with bodily injury claims, the cost of each physical damage claim is rising. New cars have more electronic features and more airbags, both of which are costly to replace.

The chart above shows the average amount spent for auto insurance. It assumes that all vehicles carry liability coverage but not necessarily collision insurance, which pays for damage to the policyholder’s car in a crash, or comprehensive insurance, which covers losses other than those caused by a crash, such as theft or water damage.

Travelers, Allstate, Encompass, Deerbrook,  Metropolitan, Cumberland Mutual, Allied, AIG
Friends Cove Mutual, Progressive, Harleysville, Safeco, General Casualty, Foremost,
Hartford,  Commercial Protective, Truckers, Hartford, USG, Bristol West, Philadelphia Ins Co.
Auto Insurance, Homeowners Insurance, RV Insurance, Motorcycle Insurance, Life Insurance
Powersports Insurance, Business Insurance, Commercial Vehicle Insurance, Truck Insurance
Accident Insurance, Disability Insurance, Health Insurance, Flood Insurance, Aircraft Insurance

Copyright © 2009-2014 div of BALLIET INSURANCE AGENCY, INC.
275 BUTLER PIKE  AMBLER PA 19002    
Send mail to Balliet Insurance Agency with questions about Insurance
Send mail to
AdSmart with questions or comments about this web site