I Trimmed $1,100 Off My Car Insurance Premiums

As much as I loathe paying for automobile insurance, the price of foregoing appropriate coverage can be even more expensive - and, in some cases, illegal. Here are a few ways I have been able to trim $577 off my semi-annual automobile insurance premiums, for a total yearly savings of $1154, while still obtaining the coverage I need on two vehicles and three drivers.

- Driver's Education

Sure, most people know that having teenagers take a driver's education course will reduce their automobile insurance premiums, but did you know the same is true of mature drivers? Many states mandate insurance discounts if a driver 50 years of age or older attends a driver's education course in a classroom setting. Although my home state of Georgia is not one of them, some states allow the course to be taken on-line and still afford the discount. You can check with your state's insurance commissioner or with your agent to see if a class would afford a discount.

- Log Your Mileage

With gas prices nearing $4.00 a gallon in my area, I am much more careful about how often I make trips around town. As a result, my annual mileage has plummeted substantially. Many insurance policies, including mine, are based on the number of miles driven in a year. By reducing my projected mileage to a more accurate number, I was able to shave $36 off my last six-month policy renewal. My neighbor saved nearly $100. She recently started taking a ride-share van to work and removed her commuting mileage from her insurance policy.

- Bundle Policies

By purchasing my automobile insurance from the same company that provides my homeowner's policy, I save 15% off the original premium. This adds up to nearly $200 per year.

- Pay In Full

My insurance company charges $2.00 per monthly payment if the premium is paid by direct bank withdrawal. The charge rises to $7.00 if I want to send in a monthly check. I forego all the payment fees by paying the policy in full every six months. If I charge it to my credit card (and pay it off in full the following month), I also receive a 1% cash back bonus from the credit card company.

- Teen GPS

You may not like the idea of Big Brother watching, but, if you let your insurance company spy on your teenage driver, you just may qualify for a discount. Several insurance companies are now offering GPS tracking or in-car camera devices to monitor teenage driving habits, including speeding and sudden acceleration or braking. Enrolling in one of these programs provides a mandatory insurance discount in some states. With my 17-year old nearly on the verge of getting his license, the idea of as much as 15% off his premium is certainly tempting.

- Cut the Comprehensive and Collision

Normally, I am wary of cutting premiums by reducing coverage or increasing deductibles past our family's comfort point. My exception is our 1998 van. The car has more than 250,000 miles on it, and the insurance company is only going to reimburse us for the cash value, which according to a national automobile appraisal site is less than $1,800. In this case, comp and collision is not worth the cost.

Why We Bought Life Insurance

As a parent of young children, it is my responsibility to make sure they are taken care of both emotionally and financially. There are food expenses, clothing costs, and so much more associated with caring for kids. I have been thinking about what will happen to them if something tragic should occur with my husband or me. Last fall when my in-laws almost died in a motorcycle accident, my fears became a reality. In order to make sure my kids will be taken care of in the event of an untimely death with my husband or me, I have decided that life insurance is a smart financial move. This is what I will spend to cover us both, where the extra money will come from, and why it is a good idea.

Why I think we need it ?

I lost my mother at a young age and I saw how my father struggled with trying to raise me and my sister. My husband and I are not getting any younger, and I don't want anything to leave us strapped for cash if some freak accident should happen. I want my children to live a comfortable life, and they deserve nothing less.

*The cost

After shopping around for quotes, I settled with a company that had decent rates and excellent customer service. I was able to get two policies, one for myself and one for my husband. After we chose the amount of coverage we wanted and factored in all our health concerns, we were given a premium amount. Between both policies we are spending just under $48 a month. Our yearly total will be $576.

Where the money will come from ?

Thankfully we are still at the beginning of the year and we can actually pay for our year of life insurance in advance. After putting away the majority of our income tax away for our house, we still had money left for bills or emergencies. Life insurance is something we both need and the money is being well spent. The way the payments fall, this will be easily paid each year with our refund. It will allow us to be worry free when it comes to making the premium payments each month.

Life insurance is an important part of planning for a financially stable future for those you love. I can't imagine what would happen with my children or husband if something happened to me, or how I would be without my husband. This is one step in the right direction for our financial future, and I am glad it is all worked out.

Retirees and renter’s insurance - Some vital essentials that you need to know

After your kids have homes of their own, don’t you feel that your house has become too oversized for you and don’t you feel empty? If answered yes, this might be the right time for you to shift to an apartment or a condo. If you were actually tired of trimming the grass, shovelling the garden and cleaning out the gutters, you can certainly choose to move to a condo. And how can you forget the fact that you needn’t pay any more property taxes? So, if you’re someone who has recently decided to downsize your residence and rent it instead of owning it, you won’t require paying the homeowner’s insurance payments. Despite this, you will still have different stuffs to insure and for all those you’ll need renter’s insurance and this is your ultimate financial solution. You might read on the concerns of this article to know more on renter’s insurance policy coverage for all the retirees who are thinking of downsizing.

Rental insurance coverage - Considering the attributes

You must be wondering that when you need to get renter’s insurance policy, you would also need to know the coverage that you would get with the renter’s insurance policy. Here is what you could get.

• Loss of property: When you have renter’s insurance policy, there is a coverage that will cover the loss of any personal possession in the same situation that the homeowner’s insurance policy coverage. This might include events like theft, storm, water damage or even damage caused due to fire. You should also be aware that there are certain types of properties like high-end electronics, jewelry and some other antiques that might require specific coverage with the rider.
• Add a rider for earthquakes: If you can add another rider for floods, hurricanes and earthquakes, this will work in a similar way like the homeowner’s insurance policy. Separate coverage, which is known as a rider, is required when these are pretty relevant to your geographical area. You should inquire about the damage from hurricanes if you have such issues while you live.
• Understand the policy coverage: Only choosing the policy coverage won’t be enough for you also need to make sure that you know each and every detail of the policy. Understand whether or not the policy covers the replacement cost or the cash value. When it is only the cash value that is covered, you won’t get enough to fund the replacement you a poor old furniture.
• Know the limits of the policy: Apart from the coverage type, you should also know the limits of the policy coverage as there are some that have a cap on the total payout. Apart from this, there is also the liability coverage. For instance, if there’s someone who enters your apartment and slips off, you will be insured for this kind of damage.

 So, when you feel the need of getting a renter’s insurance policy, you might take into account the above mentioned details. Since you become a renter instead of a homeowner, this doesn’t mean that you no longer need an insurance policy. Getting renter’s insurance policy makes sense and this will also give you lot of peace and satisfaction.

Getting discounts on your car insurance policy - What’s the trick you got to apply?

Are you someone who has recently bought a car? If answered yes and if you’re driving on the roads of the US, then you should get a car insurance policy. In fact, according to the law in the US, you need to have a car insurance policy if you’re sitting behind the driving wheel and driving your automobile. The reason behind the large number of vehicle owners who don’t get enough coverage on their policies is the hefty premiums that they need to pay. If you’ve thought that there are no ways in which you can save your dollars on your auto insurance policy, you’re mistaken. You can read on the concerns of this article to know more on the ways in which you can lower the premium rates and thereby save your dollars.

Car insurance policy

• Offer them a high deductible amount: The deductible amount is the amount that you have to pay out-of-pocket in the event of filing a claim. If you agree to pay a high deductible on your car insurance policy, the car insurance lender will trust you and will therefore be able to offer you a low car insurance premium amount. However, make sure that the deductible amount is within your budget as you actually require paying it down despite all odds.
• Enhance your credit score: You should also enhance your credit score before approaching a car insurance company as without this, you won’t be able to grab a low car insurance premium rate. The credit score is a 3-digit number that speaks about your financial worth and a poor score will mean poor financial behavior in the past and this will have a detrimental impact on your car insurance premiums in the long run. So, take effective credit repair steps in order to grab a low rate on the premium.
• Shop around and compare rates: You should also shop around and get multiple quotes from multiple companies so that you may be able to compare the rates that are being offered by different lenders. It is not always true that the auto insurance policy that offers the lowest price is the best one as it is vital for you to check the coverage that is offered by the lender. Always choose that car insurance policy that offers the best coverage at the lowest possible price in the market.
• Add some safety features in your car: Did you know that the car insurance lender will decide the premiums on the basis of the risk factor of your car? Well, if you can add some features that will reduce the possibility of the vehicle to be prone to accident or theft, you can get a reduction in the car insurance premiums. Add a brake alarm or anti-lock brakes in order to enhance the safety of your car.

Therefore, when you’re wondering about the ways in which you can get discounts on your car insurance policy, you might take into account the above mentioned factors. Pay off your premiums on time to avoid a hit on your credit score.

Small business insurance

Let’s face it, you got to have it. Every small business knows the hassle of doing business in this day and age of regulation and taxes. The plain truth is staring back at us every day. Many times it seems that the world is not a business friendly place. But in business you can find a friend in the most unexpected places. Not the tax office or the license board but believe it or not in the insurance business.

We know that being a business makes you a target for people wanting to make a quick dollar over a stubbed toe or bruised back side. However what we tend to overlook are the most common mistake 
that cause real trouble for a small business, employee mistakes. These little gremlins pop there ugly heads up from nowhere and as soon as you think you’re on a roll the next thing waiting to catch you.

Small business insurance

Inventory loss alone can ruin profits and turn a great deal of hard work to dust. Who in business has not experienced this one? Many times you get so busy trying to keep the ship afloat and on course that we never see the iceberg floating dead ahead. Inventory loss can come from theft or from damage and in many cases the affect is a dead hit to profits.
  
The customer is always right doesn't pay the bill when the bull has had his way in your China shop, or swears it was your shoe string pasta that made them sick all night. From liability to workman's compensation everyone is covered but your business. Most insurance is for the people your business does business with. However small business insurance is for you. For your protection and your bottom line. You need to think carefully about how to protect what feeds and cares for you and that is your business.



Must Read :- Auto Binary Signals – What You Need To Put Your Income On Autopilot