Friday, April 30, 2010
Filing Car Insurance Claims: 3 Hypothetical Situations
The author provides hypothetical situations concerning the particulars of car accidents and its effects for every claim.
Every car accident is different in its own right. There are single-vehicle accidents and multiple car collisions, ones that cause major damages while others that leave mere scratches, and accidents that leave those involved with life-threatening injuries compared to those who walk away injury-free. The unique circumstances of each accident will help influence how a claim is filed with your auto insurance provider so ensure that you have the cheapest car insurance rates in the event you are ever in an accident.
Posted by admin on 04/30 at 07:31 AM
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Wednesday, February 17, 2010
Top 5 Life Insurance Mistakes
The author delves into the most common mistakes people make when purchasing life insurance. Additionally, the author examines some smart considerations for making smart life insurance investments.
To err is human, but some mistakes are certainly costlier than others. In this article the author delves into the most common mistakes people make when purchasing life insurance.
Additionally, you’ll see some wise considerations for making smart life insurance investments. This article is particularily useful to someone considering making some financial plans, or someone interested in a life insurance investment.
Posted by admin on 02/17 at 04:49 PM
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Wednesday, January 20, 2010
Just How Does Your Driving Record Affect Your Car Insurance Rates?
Some people are already aware that insurance companies calculate car insurance rates based on risk factors. Not surprisingly, risk is something that insurance companies calculate. Risk directly influences how much they believe it will cost to insure you.
The criteria insurance companies use to calculate your risk factor often includes:
- demographics like age, gender, and location
- how far you drive
- driving record/accident history
There are many discounts that can frequently be applied after risk factors have been determined. Near the top of the list are: good driver discounts, anti-theft device discounts, multi-car discounts, and low-mileage discounts.
For a better understanding of how your risk is assessed, we invite you to read our article: your car insurance rates and your driving record.
Posted by admin on 01/20 at 02:14 PM
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Friday, December 04, 2009
Best and Worst Drivers? Are they Men, Women, Teens or Seniors?
Finding out which group is actually the better or worse driver is not quite as simple to determine as many would suspect, and a better understanding requires much more than just looking at simply the number of tickets and accidents one group gets over another.
All sorts of things can be considered like:
* Who drives more often?
* Does the type of vehicle matter?
* Who drives the most in terms of distance?
* What time of day is each group likely to drive?
Teenage drivers have always been saddled with a bad reputation when it comes to driving, and most of us have been exposed to jokes about women drivers who can’t park, or get involved in fender-benders, but it would seem that men are more likely to be involved in an accident or get a ticket. So, what’s really going on here?
For a deeper exploration of this topic, we invite you to read our article: Best and Worst Drivers - Men, Women, Teens or Seniors?
Posted by admin on 12/04 at 01:24 PM
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Friday, October 09, 2009
Tough Times for Insurance Buyers With Low Credit Scores
Many insurance companies have a ranking system in place, a so called “tier system”, that helps to determines how much you pay for certain kinds of insurance based on what your credit score is.
In combination with other factors, if your credit score is poor, you may pay more, and conversely, if your credit score is good, you may get a much lower rate.
According to the Federal Trade Commission (FTC), Credit scores help insurance companies “better match the risk of loss that consumers pose, so higher-risk consumers pay higher premiums and lower-risk consumers pay lower premiums.” “[Credit] Scores permit insurers to evaluate risk with greater accuracy, which may make them more willing to offer insurance to higher-risk consumers for whom they otherwise would not be able to determine an appropriate premium.”
Spokespersons for insurance companies say their research clearly demonstrates that people’s credit scores are a good indication of how likely they will be to file claims and otherwise increase costs to the insurance industry. For example, they say that people with poor credit are more likely to let their insurance payments lapse.
So, while you may have a driving record to be proud of, unfortunately, it may not help you that much if you have a poor credit score.
Click the link to find out more about your insurance credit score and what you can do about it.
Posted by admin on 10/09 at 02:16 PM
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Friday, July 31, 2009
Newlywed? Want to Show your True Love just How Much they Really Mean to You?
Ahh - to be a newlywed! What a wonderful time in a person’s life. There are only a few occasions that are considered defining moments in a person’s life, and getting married is certainly one of them.
However, while starting a new life together is certainly exciting, it can also be quite overwhelming because there can be an avalanche of new responsibilities to deal with. Perhaps one of the most important of which is your newly shared financial obligations.
You may find that one of you is the “saver” and the other one is the “spender”, or perhaps one of you is carrying a heavy debt load while the other has little or no debt. Perhaps there are children from a previous marriage that need support, or maybe you are planning to start a family together soon. Simply put, there’s no getting around the fact that you’ll have to come to some kind of understanding and agreement regarding your newly combined financial life if you would like a shot at enjoying the “happily ever after” part.
For a newlywed, discussing insurance with your partner may not seem like the romantic thing to be doing, but the reality is that buying adequate insurance coverage to protect yourself and your partner from some of life’s unforeseen risks can be one of the most loving acts you can do for each other.
Clearly insurance is not a topic most newlyweds want to spend much time thinking or talking about, but unfortunately, as we all know, the unthinkable does sometimes happen - we hear about accidents and tragedies almost every day. The possibility of dying prematurely or becoming injured or disabled and leaving behind a spouse to cope with the financial aftermath is a risk that no loving husband or wife would want to put their partner or other dependents through.
So, want to show your newlywed true love just how much they really mean to you?: “Buy the right insurance coverage!” Sounds strange, but believe it or not, it is one of the most loving things a newlywed couple can do for each other.
Click the following link to learn more about 4 Critical Types Of Insurance For Newlyweds.
Posted by admin on 07/31 at 05:05 PM
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Thursday, May 21, 2009
Teen Car Insurance Lessons For Parents (and Teens)
For many parents, their child’s teenage years can be a financially challenging time, especially when it comes to car insurance.
Teenage drivers are profiled by auto insurers as a much higher risk group than the general public, and are instantly saddled with considerably higher insurance rates than someone who is over 25, has been driving for a while, and has a clean driving record.
While this may seem unfair to some, it is based on the reality that teen car and motorcycle drivers represent a significantly greater risk to the insurance companies (who lose money when they have to pay out on claims) than drivers with a solid driving history behind them.
Unfortunately, the statistics support the bias against teenage drivers.
Throw in a couple of speeding tickets into the mix, and you (or your teenager) may not even be able to afford the premiums, and driving a car may be out of the question for your teenager for a long time to come.
That said, there are some things that parents (and teens) can do to help make the costs more manageable. Click on the link to discover more about what can help to Lower the cost of teen car insurance
Posted by admin on 05/21 at 05:20 PM
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Thursday, February 26, 2009
The Financial Crisis and Your Auto Insurer
At the time of writing this post (Feb 2009), the financial news has been especially bleak for months, with constant talk of various financial collapses, government bailouts, stimulus packages and job losses in the hundreds of thousands. Phew! - pretty upsetting and nasty stuff. Many people are even wondering if their car insurance would stand the test of a claim.
Thankfully this is one financial worry that you need not have, and in our article ”The Financial Crisis And Your Auto Insurer: Will They Be Able To Pay Your Claim?“ we separate the facts from the fear, and explain the support structure that has been put in place to all but guarantee that legitimate claims will be paid.
It’s good to know that even with the prophets of doom preaching financial Armageddon any day now, your car insurance will likely remain intact.
Posted by admin on 02/26 at 08:14 PM
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Thursday, December 18, 2008
Life Insurance and Your Smoking Habit
Of course, everyone knows by now that smoking is bad for you. It’s apparently even bad for those around you. It’s bad, bad, bad. Everyone says so. You’ve heard it so many times now that you’re numb and immune to the anti smoking crusaders cries of . . .
But what if you’ve tried to quit and found that being without your smokes made things unbearable for you and everyone around you? What if you’ve tried and failed so many times that you’ve lost count and given up, resolving that in your case, the world is better off with you being a smoker.
Or what if you’ve decided that you enjoy your smoking habit too much to quit. For you, it’s like hanging out with an old friend, and as long as it’s still a free country, you plan to indulge in your habit until you either expire from a nasty smoking related disease or get hit by a bus or whatever - but you’re not stopping because you simply enjoy having a smoke from time to time.
Maybe you’re an ex smoker - recently quit. If so, congratulations! There’s much good to be said for giving it up.
Well, smokers and ex smokers have spouses and children and other family members and other loved ones, and they also need life insurance.
Sure it’s going to cost more - you know that already, but having said that, how do you go about getting the best deal for your life insurance dollars? Click here to learn more about life insurance for smokers and ex smokers.
Posted by admin on 12/18 at 04:54 PM
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Monday, November 17, 2008
What happens with your car insurance if you’re caught Driving Under the Influence (DUI)
As every car driver knows (or should know), driving under the influence carries significant risks to the driver as well as to others on the road.
Additionally, severe penalties can be applied by various governmental agencies and insurance companies, to the person who flouts the law and gets caught driving while impaired. Why in this day and age, anyone would want to take such risk with nothing to gain is completely beyond us.
However, if you’re curious about what happens with your vehicle insurance after being caught Driving Under the Influence (DUI) and want to know about things like SR-22 insurance, please read our article: Driving Under The Influence (DUI) And Car Insurance Don’t Mix
Posted by admin on 11/17 at 05:22 PM
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Wednesday, October 22, 2008
Moving House? - How It Affects Your Car Insurance Policy
Moving house can have important implications on the rates you pay for your car insurance.
Automobile insurance companies determine a significant portion of your rates based upon where you live, where you park your car and how much you drive your vehicle, so it’s important to consider the implications of these various aspects when you move your residence from one place to another.
Moving house could mean that you’ll be driving less because you’ll be living closer to your job, your child’s school, or other destinations you visit often, or it could mean that you’ll be doing much more driving.
Most importantly, you must inform your auto insurer about any permanent move, or else you could find yourself with an invalid policy.
In the following article, we’ll explain some of the issues that can influence your car insurance rates when moving house.
Posted by admin on 10/22 at 12:35 PM
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Friday, August 15, 2008
What About Uninsured/Underinsured Motorist Coverage For Motorcycle Riders?
One thing that a good percentage of motorcycle riders neglect to consider, are the implications of an accident with an uninsured or underinsured driver. Unfortunately, thousands of bikers are struck by other motorists each and every year in the United States, and the implications of this can go far beyond physical injury and a wrecked bike.
Consider this: If the at-fault driver does not have sufficient liability insurance, the consequences could be financially catastrophic for not only yourself, but for your family, your future employment prospects, your business, and to other assets you may own.
If you ride a motorcycle, you owe it to yourself and those that you care about, to explore the subject of uninsured and/or underinsured motorist coverage, because it’s quite alarming how many uninsured and underinsured motorists are cruising around on the nations roads and highways. You need to know how to protect yourself through various scenarios.
Read more about this subject in our article: Uninsured/Underinsured Motorist Coverage For Motorcycle Riders and when you’re done, get free motorcycle insurance quotes to compare your options.
Posted by admin on 08/15 at 04:21 PM
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Friday, July 18, 2008
The Last Word on ‘Gas Saving Tips’ Articles
It seems that almost every other day someone else comes out with a “Top Ten Ways to Save on Gas” article, or 37 ways to get better gas mileage. We were guilty of the same thing a few posts ago, but upon further reflection, the whole “gas savings tips” thing can be reduced to a few essentials - unless of course you’re a hypermiler. (A relatively new term, used to describe someone who uses multiple fuel economy maximizing techniques, to significantly outperform standard United States Environmental Protection Agency (EPA) estimated fuel consumption estimates for their vehicle.)
The truth is that most of us simply don’t have the time or the inclination to follow all of those tips, and assuming that your vehicle is in good repair and well maintained, you really only need to concentrate on three things to get the most significant chunk of the fuel savings that are possible. In fact, if you’re a “typical” driver, it would not be unusual to see an increase in your mileage of 30% or more, simply by faithfully following the advice below.
1) Aggressive driving is absolutely the best thing for wasting gas. (and absolutely the worst thing for your car insurance rates)
If you have a habit of stepping on the gas aggressively every time you get going, and waiting until the last minute to step on the brake, it’s costing you plenty more than it has to at the pump. No question about it, the single most significant factor in saving gas is how you drive.
Instead of jamming the gas pedal to the floor mat, and reaching or exceeding the posted speed limit as fast as possible, aim for a smooth and gradual acceleration. Same thing with stopping. When you see a red light up ahead, it may be possible to take your foot off the gas and coast until you need to apply the brake. This approach is way better than keeping your foot on the gas pedal until the last moment and then jamming on the brake at the last second. Always think ahead when you’re behind the wheel, and try to make your driving as smooth as possible - both starting and stopping.
Driving can even be a bit more fun when you make a game out of working with momentum and gravity. For instance, as you approach an incline, you could try to build up a bit of speed so that the need for stepping on the gas is reduced as you go up the hill (which uses a lot more gas), and conversely, let gravity help you when going downhill (you may not need to step on the gas at all).
2) Turn off the cars motor if you’re not going anywhere.
This applies as much to warming up your car in cold climates as it does when idling and waiting for something or other while in your car.
Your car needs no more than 30 - 45 seconds of idling time in cold weather, to reach a reasonable operating temperature. Why not simply dress a bit warmer and let your car warm up as you drive if you live in a cold climate.
In addition, if it’s obvious that you’re likely to be stopped while in your car for more than a minute, it probably makes sense to turn off the engine until you can get going again. It definitely makes sense in terms of saving your gassoline.
3) Drive way slower overall (at or slightly below the speed limit)
It’s well known fact that driving slower under normal conditions uses much less fuel (significantly less actually). You actually accomplish several things when driving slower, like: avoiding speeding tickets and potential accidents, increased safety margins, and of course - it’s simply one of the best ways to really save on gas (and on car insurance).
Save yourself the irritation of having someone behind you getting aggravated because you’re doing the speed limit and they want to be racing ahead. Just make a habit of driving in the slow lane. The paltry time savings of going fast, just don’t begin to equal the long term benefits of driving at the posted speed limit.
So, that’s our last word on ‘Gas saving Tips’ Articles. If you follow the advice outlined above, you’ll be saving most of what is possible, and not wasting your time with trivial stuff that simply doesn’t add up to that much in terms of real gas savings. Furthermore, you’ll also be doing the right things to help keep your auto insurance rates nice and low.
Posted by admin on 07/18 at 06:21 PM
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Friday, July 04, 2008
Obesity Matters When it Comes to Health Insurance Premiums
The health care costs associated with treating conditions related to obesity tend to be high and costs seem to continue to rise every year.
To compensate for the risk of insuring those who will likely one day need medical attention over and above the norm, health insurance companies usually attach much higher premiums to policies where obesity is a factor. The higher cost often makes the policy un-affordable to many who need it the most.
Health insurers typically view those who are grossly overweight as a higher risk because the statistical likelihood of them developing serious health problems while insured are much higher than non overweight policyholders.
So, if you tend to overeat, and you’re struggling with your weight, your health insurance costs are yet another reason to find the motivation and the discipline to consistently eat better quality foods, exercise more and try to get this aspect of your life under control.
But, even if you are severely overweight, there is something you can do to increase your chances of finding lower cost health insurance coverage. Click on: Obesity and Health Insurance to read more.
Posted by admin on 07/04 at 05:27 PM
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Friday, June 06, 2008
Hybrids and Low Cost Car Insurance
As is increasingly obvious, hybrid vehicles continue to gain in popularity for all sorts of reasons. One of the less obvious ones may be the opportunity of obtaining low cost auto insurance.
As the fuel efficiency and quality of hybrid vehicles gets better and better, and they become more and more popular each year, various car insurance companies are seeking the benefits of being associated with two enormous trends that are really just getting started and likely to last for years and probably decades into the future - namely those of automobile fuel conservation and protecting the environment.
Some auto insurers have already discovered that offering low cost auto insurance (or lower cost insurance) for hybrid vehicles is an excellent public relations exercise, with lots of great free publicity an association with something meaningful. Consumers who are eager to avoid cars that needlessly burn fuel and spew out pollution, are also likely to be more inclined to want to do business with an auto insurance company who can demonstrate that they care about such things.
To read more about hybrids and low cost car insurance, click that link.
Posted by admin on 06/06 at 03:11 PM
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