Tag Archives: Peace Of Mind

Three Types Of Insurance You Do Not Need

  By John | April 22, 2010 - 1:37 am | Low Cost Car Insurance
2 Comments

Insurance is generally something that you purchase in order to protect you and your family from the potential financial loss caused by a catastrophic event or serious illness.

But there are types of insurance that don’t really provide that peace of mind for you, that are not required, that cost more than you could ever benefit from, and that are best avoided.

Here are 3 types of insurance that you can “just say NO” to.

Life Insurance Sold By Credit Card Companies

Credit card companies will offer you insurance that pays off your credit card balances when you die. If you already have a life insurance policy, either obtained on your own or through your employer, that will do the same thing. Why pay the credit card companies a much higher premium for the same thing?

Rental Car Insurance

When you rent a car, they always ask you if you want auto insurance which will cover you if you are in an accident in the rental car. If you have your own auto insurance, you will most likely not need this. Check with your agent to be sure, but most policies cover you regardless of what car you are driving. Even if your regular policy only offers this coverage by adding a “rider” to your policy, the cost of the rider will most likely be much cheaper than paying the higher per-day charge that the rental agency will charge you.

There are a couple of exceptions to note. If the car rental is for business use, check to see if your employer’s business policy covers you. And if you will be driving outside of the US, your agent can tell you if you will require special coverage.

Unreasonably Low Deductibles

While this is not technically a “type” of insurance, it is an insurance expense that you can do without. A lot of people carry lower deductibles because of the peace of mind it gives them. But how many times do you really need this lower deductible? And nowadays, while you may be required to carry insurance, it is often detrimental if you actually use it!

So if filing a claim will jeopardize your insurance coverage, you may want to only file a claim that you really can’t handle. It makes much more sense to raise your deductible and “self-insure” for the smaller claims, using the savings from your lower premiums.

If you decide to increase your deductibles, be sure to put your saved premium dollars into a savings account so that you can pay for those losses that fall below your increased deductible amount.

Specialty-type coverages, like the ones mentioned here, can usually be covered with another good broad-based policy that you already have. And why are these speciality insurance polices more expensive? It costs more for the insurance companies to administer these policies … so guess who ends up paying for the extra costs?!

SadiePeterson
http://www.articlesbase.com/advice-articles/three-types-of-insurance-you-do-not-need-69508.html

How to Get Cheap Auto Insurance for Teenagers

  By John | April 19, 2010 - 10:45 pm | Auto Insurance
4 Comments

Because teenagers have the worst driving record of any age group – they accounted for more than 6,500 driving fatalities in the U.S. last year – teenage car insurance premiums are the highest. So how can you get cheap car insurance for your teen son or daughter? Read on …

Cheap Auto Insurance for Teens Tips

Here are some tips on how to get cheap auto insurance for your teen son or daughter …

* Raise their deductible – raising your teenager’s deductible from $100 to $500 can lower their insurance premium by 10% to 20%.

* Change cars – the difference between insuring a souped-up sports car and a conservative sedan can be as much as $1,000 or more.

* Put your teen on your policy – by insuring your teenage son or daughter on your car insurance policy, you can get up to a 15% discount on their premium.

* Have your teenager take driver’s training – getting your teenager to take a driver’s ed course will save you 10% to 15% on their insurance and will give you a little peace of mind to boot.

* Encourage your teen to get good grades – you can get a 10% discount in some states if your son or daughter gets good grades in school.

* Get them to chip in – having your teenage son or daughter pay for a portion of their auto insurance premium will not only save you money, it will teach them responsibility.

* Get multiple quotes – the exact same car insurance with different companies can vary as much as $1,000 a year. That’s $10,000 over a ten-year period that you could save by spending a few minutes online comparing quotes.

* Shop online – shopping online to get quotes from different insurance companies is the quickest and easiest way to compare rates and get cheap auto insurance for your teen.

Visit http://www.LowerRateQuotes.com or click on the following link to compare auto insurance rates from top-rated companies and get cheap auto insurance for your teen. You can get more auto insurance tips by checking out their “Articles” section.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written extensively on how to buy cheap auto insurance for teens.

ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/how-to-get-cheap-auto-insurance-for-teenagers-106917.html

Protecting Your Car With Auto Shipping Insurance

  By John | April 17, 2010 - 10:27 pm | Auto Insurance
Comments Off

Before you set a date to have your car shipped to its new location, either domestic or foreign, you should consider buying auto shipping insurance from the company you plan to use. Shipping insurance will protect your car in case of damage during transport or theft. Having extra insurance can offer you peace of mind while your car is in transit.

But not all auto shipping insurance policies are the same. Check with your shipping company to see if they offer a primary or excess insurance policy. A primary policy will cover damages to your car regardless of what your regular auto insurance will cover. An excess policy will only cover what your insurance company will not. Before purchasing either policy, be sure to call your auto insurance company to see what types of damages are covered under your current policy and then make a decision from there.

If you are transporting an antique or classic car, you may want to purchase extra insurance so that the car is covered completely. Buy enough coverage to cover the blue book value of the car. If possible, find an auto shipping company that specializes in shipping these types of vehicles. They usually use cargo units that are made to protect cars that are of greater value.

When shipping a car, you should take pictures of the car before it is loaded onto the truck. You should also conduct an inspection with the driver and write down previous body damage or scratches. This will help later on if you find new damage to the body of the car. Protecting your car begins by buying auto shipping insurance, but you will have to be proactive in making sure that you are able to file a claim and get the money you deserve if damage occurs during transit.

Choosing an auto transportation company may not seem too difficult, but you should get a few car shipping quotes and compare prices as well as service. Compare the cost of auto shipping insurance as well. This will save you money in the long run. Once you have chosen a company, make sure that you receive all paperwork and have the car inspected to make sure that it is running properly before shipping it.

After your car arrives at its destination, inspect the outside of the car to make sure that it is not damaged. File a claim immediately if you find damage to the body of the car. Depending on which policy you purchased, a primary or excess policy, you may have to contact your auto insurance company as well.

In most cases, your car will arrive in good condition. But by taking the proper precautions, such as buying auto shipping insurance and inspecting your car before the trip, you will be able to ensure that your car will be safe during transit.

Idan Lavi
http://www.articlesbase.com/automotive-articles/protecting-your-car-with-auto-shipping-insurance-92467.html

Cheap Auto Insurance – Save Before you Buy a New Car!

  By John | January 16, 2010 - 7:49 pm | Auto Insurance
Comments Off

So you are planning on buying a new car that’s great! And may I add congratulations! It is highly recommended that before you purchase your dream car you should shop around for reliable and cost effective auto insurance.

Your premium is based in part on the car’s sticker price, 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, such as air bags, anti-lock brakes, daytime running lights and anti-theft devices.

Preventing theft will help you get better auto insurance rates.

Naturally, cars that are favorite targets for thieves cost more to insure. You might want to take that in consideration when buying your future car. Anti theft devices are a must and the more you have installed the better. Auto insurance companies know that anti theft devices substantially reduce the chances of your car being stolen and they will quote lower auto insurance rates when you have the devices installed.

I believe that installing anti theft devices will give you peace of mind. It is a known fact that when a thief looks through the window of your new car and sees a blinking red light indicating that the immobilizer is functioning and active he will most likely turn around and leave. Sometimes you might like to add some more devices like; Anti-Theft Steering Wheel Locks, car alarms and wheel clubs.

Save yours and others lives and still save money

You can reduce auto insurance rates and reduce the risk of accidents and injuries by adding safety features to your car such as; air-bags, anti- lock brakes and daytime running lights. The more safety features added to your car will help you save lives and save money at the same time. When buying a new car these safety features will cost more, don’t worry about that too much because in the long run you will see that your auto insurance payments will be lower and when you plan on selling your car in the future you will find a buyer in a short period of time. Not to mention that all these safety features make your car of higher value and therefore, they are a good investment.

You can find more useful information at our auto cheap insurance page.

Joel Cohen
http://www.articlesbase.com/insurance-articles/cheap-auto-insurance-save-before-you-buy-a-new-car-86473.html

How to Find the Best Auto Insurance Rate With the Best Company

  By John | December 17, 2009 - 9:14 pm | Auto Insurance
6 Comments

Most of us are looking for the best auto insurance rates with a top rated insurance company. But how do you find it without spending half your life visiting insurance offices or talking to agents. Here’s a quick and easy way …

How do I get the best auto insurance rate?

As a former insurance agent I get asked this question all the time, and each time my answer is the same: “Shop and compare.”

The only way to know if you’re getting the best car insurance rate for your particular situation is to comparison shop, and the best way to do that is to fire up your computer and shop online.

There are a number of sites where you can get auto insurance rates from A-rated companies, and it only takes a couple of minutes to get multiple quotes from a number of top companies so you can compare rates. (See links below.)

When you go to one of those sites you’ll be asked a series of questions in order to tailor the quotes to your particular situation. Some things you want to consider in order to get the best auto insurance rate are:

* Dropping your collision and comprehensive coverage – If you have a older car that’s not worth a lot, you may want to drop your collision and comprehensive coverage. A good rule of thumb is if your annual premium for your collision and comprehensive insurance exceeds 10% of your car’s value, consider dropping them.

* Raising your deductible – If you make a lot of small insurance claims, your insurance company may cancel your insurance. So raising your deductible by a couple of hundred dollars will not only save you hundreds of dollars a year on your insurance premium, it may also save you from having your insurance canceled.

* Adding security devices – Insurance companies will give you discounts for installing anti-theft devices and auto alarms. Installing these devices not only saves you money, it will give you peace of mind knowing that your car is less likely to be stolen.

How do I know the company I pick is a good company?

Insurance companies are rated by various independent organizations like A.M. Best, Standard and Poor’s, and Moodys. Unfortunately you have to subscribe to their service to get their information, and they only rate companies primarily on financial criteria and not customer experience.

If you want to get the inside scoop to find out which companies have the best service and pay insurance claims the quickest, surf over to epinions.com. Here you’ll get consumer ratings and reviews from actual customers who’ve used a company’s services. Believe me, it can be a real eye opener.

Visit http://www.LowerRateQuotes.com or click on the following link to get the best auto insurance rates with A-rated companies, and see how much you can save. You can get more car insurance tips by checking out their “Articles” section.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on how to find the best auto insurance rates.

ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/how-to-find-the-best-auto-insurance-rate-with-the-best-company-110108.html