Information
Here to Help
10 Ways to Save on Car Insurance
Consider car insurance costs before you buy a new vehicle. When it comes to buying a new or used car, many people overlook insurance expense as part of the total cost of owning a vehicle. It’s better to consider the cost of insurance before you buy since auto insurance premiums vary widely depending on a vehicle’s specific characteristics, including its price, average repair costs, safety record and whether or not it’s a target among thieves.
Combine insurance policies with one carrier. Many insurance companies offer multi-policy discounts, such as buying a homeowner’s policy and auto coverage from the same carrier. You might also be able to save money if you insure all of the vehicles in your household on one policy or if you insure all of your driving-age family members on the same plan. Be sure to do your homework though, since there’s a chance you could save more money buying policies from multiple carriers.
Compare auto insurance carriers. Auto insurance companies and rates vary widely, it helps to shop around when selecting an insurer. As a general rule, it’s wise to obtain auto insurance quotes and information from at least three separate companies once a year.
Drive less. Because the more you drive, the higher the likelihood of an accident or emergency.
Drive safer, save more. People with clean driving records who haven’t had any accidents or moving violations for a certain number of years can qualify for safe driver discounts.
Increase your deductible. Sure, you’ll have to pay more out of pocket if you have an accident, but if you increase your deductible by just several hundred dollars, for example, you could save anywhere from 15 to 40 percent or more in collision and comprehensive coverage costs.
Inquire about other car insurance discounts. There are a variety of additional car insurance savings you might be able to take advantage of, including discounts for teens who have taken an approved drivers’ education course, for college-age drivers who go to school more than 100 miles away, for people who are over the age of 50/55 or those who are retired, or for people who belong to business groups, alumni groups or other professional associations.
Maintain good credit. In the eyes of auto insurance carriers, drivers with established and stable credit records have fewer accidents. That’s why an increasing number of auto insurance companies consider credit scores when calculating rates.
Opt for safety features. You can qualify for a car insurance discount from many carriers if your vehicle is equipped with safety equipment designed to reduce the risk of injury or theft, such as antilock brakes, automatic seatbelts, running lights or an alarm system.
Reduce insurance coverage on older cars. If you own an older vehicle, check its Kelley Blue Book value. If your annual comprehensive/collision insurance premiums are more than 10 percent of the current value of your car, consider dropping the coverage. Claims only occur an average of every 11 years, so there’s a good chance any claim payment you might receive down the road could be less than the comprehensive/collision premiums you’d paid.
5 Tips to Secure the Best Life Insurance Policy
Determine The Amount Of Coverage You Need. The money your beneficiary will receive after your death is called a death benefit. To calculate the right amount of life insurance, you need to add up the cost of your family’s monthly expenses after your death. This includes onetime expenses at death and ongoing expenses such as rent or mortgage, utilities and school bills. There is a bit of math involved to get to the number you need but there are online calculators available to help you get an estimate of the amount of insurance you should purchase. However, these calculators are not exact, so it is best to speak with a professional before making any decisions.
Determine Your Health And Family History. Certain health conditions and lifestyles could make you ineligible because of the risk to the insurer. If you are already diagnosed with an illness or for example you live for skydiving, you may want to speak with some financial professionals before you even begin shopping for life insurance. Maybe you are just looking into funeral/burial insurance (a form of life insurance) to cover the cost of your end-of-life plans. Figuring out what you would like done and how much it will cost is made easier with licensed professionals which help you finalize everything you need and ensuring the burden of cost doesn’t fall on the ones you love.
Compare Insurance Quotes. Most people want the best coverage for the cheapest price. Companies have their own rates and own ways of rating clients and determining risk. Talk with several reputable insurers and see what kind of coverage they can offer you and at what prices. It is best to compare companies and rates in order to save money on your life insurance policy.
Explore Coverage Options. Once you figure out how much coverage you need, you can start thinking about what policies are available that will meet your needs. The two main options are term life insurance and permanent life insurance. Term life gives coverage for a certain amount of time and offers clients more affordable premiums. Permanent coverage lasts for the duration of your life and adds cash value. They both have a variety of options available to meet an individual’s personal needs.
Check Company Reputation. Your insurance policy is only as good as the company you purchase it from. Do your research and choose a company that is reliable and stable. You will want to choose a company who is consistent with their client satisfaction and one that will be around long after you are gone. To find the most reliable insurance company, get online and search for company reviews.
Getting the Most out of Your Insurance Plan
Whether you buy a Life Insurance or a Disability Income Insurance or Long-Term care Insurance or Medicare Supplement Insurance, there are always ways to get out of most of your insurance.
Know your needs first, then think about your Future.
Choosing the right plan based on your personal needs.
Read it and understand your plan completely.
Know your Insurance Network
Take Advantages of discounts, programs and benefits.
Hire Insure Your Future to identify the best policy for your circumstances.