Category Archives: Insurance

7 Very Easy Tips For Lowering the Cost of Home Insurance

7 Very Easy Tips For Lowering the Cost of Home Insurance

1. Buy your plan online. If you buy your plan online you can often find that you can get a discount of up to 20% on normal prices as there are lower administration costs involved and the savings made can be passed on to you.

2. Combine your contents and buildings plans. Most insurers will give you a discount when you arrange both types of household insurance with them and this often works out less expensive than purchasing the two plans from different insurance companies.

3. Pay your premiums upfront. Although the vast majority of insurance companies let you pay your premiums monthly many will charge interest for this privilege. Hence, if you can afford to pay a full year’s premium in advance, this will work out less expensive in the longer term.

4. Do not put in claims for small amounts of money. Putting in many small claims might increase your insurance costs because your insurance company might consider you to be a greater risk and increase your premiums. You may also lose any no claims discount which your plan accrued. Naturally, you’re entitled to claim for anything that your plan covers but you should ask yourself whether making a small claim is really worth the trouble and any consequent future increase in costs.

5. Think about taking a high voluntary excess on your plan. Insurance policies feature something which is known as an ‘excess’ and this means that your policy won’t pay out on claims below a certain value. On some policies if you opt to raise your excess your premium payments will be lower.

6. Strengthen security for your property. Strengthening your home security with better window locks, door locks, lighting, and burglar alarm systems will normally result in lower premiums.

7. Consider lowering your cover. Many plans carry benefits that you may not need like cover for personal possessions while traveling or ‘free’ legal advice. Examine your policy and see what parts of it you really need.

Care is Needed When Comparing Car Insurance Quotes Through Aggregators

Care is Needed When Comparing Car Insurance Quotes Through Aggregators

While comparing car insurance quotes from a variety of different sources is the optimum way to obtain the best value for money, using any of the popular online aggregator websites sites continues to be the quickest, easiest and most reliable method. These sites have the ability to provide an extensive range of competitive quotes from their vast resources of insurers to people of all ages driving any type of vehicle on the roads of Britain. But what isn’t immediately obvious is that by hunting for cheap car insurance through an aggregator website does not always guarantee a low-cost premium when the actual price of cover often works out to be far more than the initial quote provided – especially if there are a number of other factors yet to be included before arriving at a final price.

Put simply, some quote comparison websites are failing to provide customers with sufficient facilities to address all aspects of the cover they specifically require in order for them to obtain a true quote for car insurance, particularly as an initial figure is rarely close to the final asking price once all ‘add ons’ have been figured into the equation. Independent analysis has highlighted the fact that despite the high levels of usability and enormous potential for savings on offer to motorists searching for car insurance products online, there are only a small percentage of aggregator sites that are able to factor complete and comprehensive coverage of the market into the quotes they present.

This could mean that the initial online quote you have been given could, in reality, end up costing far more if certain factors – such as how much no claims bonus you have, what your overnight parking arrangements may be, any additional safety features or where you live – have yet to be ‘added on’. Also, excess levels can vary dramatically between different products and insurers, and it is often just as easy to miss such a thing as it was to obtain the initial quote in the first place! It is therefore prudent to always visit more than one comparison website, to consider a choice of options and carefully read the small print before going ahead with a quote for car insurance. It might not end up being as quick and easy as you thought to obtain an affordable insurance policy that suits your individual circumstances, but a little research will go a long way to finding out which aggregator sites can provide honest, no-frills quotes that really can save time and money.

Recommended Auto Insurance – Compare Coverage to Get the Right Protection

Recommended Auto Insurance - Compare Coverage to Get the Right Protection

In spite of a competitive market with hundreds auto insurance providers to choose from and literature regarding their products, this can be one area which can cause some confusion in the minds of consumers. There are several types of policies and variations available that may be hard for individuals to understand. Each having different features, options and of course, cost. For this very reason, potential buyers may face difficulty when determining the recommended policy that will fit their particular needs and offer optimum protection.

On the other hand, determining the proper coverage that a motorist is in need of is a very important step in owning and operating an automobile. One thing is for certain, any owner of a motor vehicle should always carry a liability policy with the minimum requirements that are mandatory by law in their state. Not only is it illegal to drive without having the proper financial responsibility in place, but if caught, an individual can find themselves incurring hefty fines. If they were to be involved in a traffic accident without being properly insured, they may find themselves subject to a lawsuit to compensate the other party for damages or injuries that they may have sustained.

Although every state has different limit requirements, this is an example of basic liability requirements in CA:

Bodily Injury (BI) and Property Damage (PD) Liability:

* $15,000 for death or injury of any one person, any one accident.

* $30,000 for all persons in any one accident.

* $5,000 for damage to other’s property in any one accident.

There are several websites that are available to inform consumers with what their particular state requires. These sites also offer valuable information which helps explain the different types of coverage what they are intended to protect against. This can help an individual have a better understanding of what type of protection will benefit them most. There are websites that can also help compare the prices of different policies with quotes from various insurers. This can assist in finding optimal protection at an affordable price.

By entering a zip code in the space provided, the visitor will be provided with a short application form. One only needs to enter their basic information and submit the form and within seconds, they will receive multiple quotes from reliable providers. This will allow them to make a comparison of prices and options. Comparing companies is a very important part of the shopping process and these services are provided to the public free of charge without obligation. Ultimately, the most protection is always recommended but it may not fit everybody’s budget or be beneficial for everyone. For that reason it is suggested that individuals use the resources that are available to them online in order to become more educated about their coverage needs and in order to become properly insured.

Discount Auto Insurance – A Simple Way to Save Money

Discount Auto Insurance - A Simple Way to Save Money

Almost everyone is looking for techniques to cut down on costs in today’s world. Do you know a awesome way to start cutting down on those costs? Locating low cost car insurance is a great starter point. There are many individuals throughout the U.S. and other parts of the world that are overpaying on their auto insurance. It’s amazing but you could save anywhere from $10.00 to $150.00 a month if you switched your car insurance company?

If you haven’t looked at your automobile insurance since you got married, then we highly recommend you doing so. It has been proven that individuals who are married are less likely to drive recklessly and that is what insurers look into. Who would have ever considered that getting married could reduce your car insurance rate? Even better, we all know when you’re under twenty five years of age, you will be paying higher rates on automobile insurance, so if possible and you know you are ready, get married.

If you join a car club, then there are many automobile insurers that will give you some discounts. Even if the discount you get is minimal, it is still something to look forward to. There are a lot auto clubs in your neighborhood that you will be able to join. All you have to do is search on the online for automobile clubs in your area.

Another fabulous way to get Cheap Auto Insurance would be carpooling. That’s right, auto insurers really look up to those individuals that carpool and will offer them a discount. The reason they can do this is because it reduces the amount of mileage on your vehicle. Anything that lowers the mileage on your car will lower the cost of your car insurance.

If younger drivers can get Discount Auto Insurance simply by getting married, then older drivers will also be able to discover specific cost savings on vehicle insurance too. In fact, if you are a retiree, then you will qualify for a special discount with a plethora of different auto insurance companies. If the retiree is labeled as a safe driver, then that is even better.

In the end, cheap auto insurance is only a click away as it is something that is extremely easy to get your hands on.

National Life Brokerage Marketing Review – NAILBA Independent Brokerage Agencies a Smash Hit

National Life Brokerage Marketing Review - NAILBA Independent Brokerage Agencies a Smash Hit

There are numerous national life brokerage marketing agency firms. Yet there are few like NAILBA, The National Association of Independent Life Brokerage Agencies, getting a review declaring them a smash hit. Find out what makes this linked collection of agencies such a unique brokerage organization.

Hearing National Life Brokerage Organization, makes you wonder if they are a two person shop, one individual giant private firm, a company marketing firm, or a group of independent life brokerage agencies. In my review of NAILBA, I can easy see it is the later. Although there are some similar brokerage groups, NAILBA has certainly taken a unique approach to recruiting and the services provided brokers. Thereby it has raised itself to maximum capabilities. The non-profit Organization wins, and the life independent wholesale agencies, the brokers, and the insurance companies all profit.

It pointed out to me three main things. The power of unification, the strength of diversity, and the fulfilled demand for personalized individual broker service. In 26 years of working with all types and variances of life, annuity, and health insurance marketing organization have I rarely seen all three key features merge seamlessly together. Even more amazing was the concept of keeping all the brokerage agencies independent. When I learned that this consisted of more than 350 member brokerage general agencies in the United States and Canada, I was even more impressed.

Searching further, I discovered how much the leadership had invested to make this mutually profitable. Most BGA’s, Brokerage General Agencies, that I know very well or review, start with zero training assistance. As a member, three total tool kits are wisely made available as resource guides. In detail, they provide Brokerage Agencies to work more efficiently with their insurance providers. In addition, a resource guide is devoted to marketing their independent brokerage operation. Moreover, backbone is strengthened by illustrating how to increase the operational efficiencies of the participating members.

Product diversification is a key item to survival through an economic downturn. Fortunately, NAILBA and its members had the insight to not put all their eggs into a speculative basket, only to find their work cracked apart. With a base of around 100,000 independent brokers in the United States and Canada, I was not surprised to see that around a billion dollars of first year life insurance premiums are collected annually.

Since I am not aware of the breakdown, I can still give an awareness of the impact on insurance brokers. Although not all their insurance brokers write for them exclusively, as they are also independent, the figures I derived at were significant. If 70% of their producers were active, and writing in the United States that would total 70,000 producers. Reviewing my records, it indicates currently 490,000 brokers in the U.S. exist from the total base of 1,500,000 licensed agents.

This means one out of every 7 semi-independent agents or independent brokers are connected with marketing insurance through one of their life brokerage general agencies in the United States. It is difficult to get much stronger than this association of Brokerage General Agents. Collectively they are more powerful than many life insurance companies are. They have paved the way from a hazardous financial trail to a rewarding occupation for many agents to take. Thanks to NAILBA and others like them, agents today have an easier route to becoming independent.

Where to Get Car Insurance?

Where to Get Car Insurance?

For many years, since the concept of insuring a car against road accidents became compulsory as well as common sense, insurance companies have been issuing policies. History shows that the first policy ever written for car insurance was recorded way back in 1895 in the United Kingdom. It would be impossible to trace exactly how many car insurance policies have been written since then.

Probably in the early days, there were so few people running cars that the insurance companies dealt with them directly. However as car ownership became more widespread, the large insurance companies, who were also involved in other insurance coverage such as home, property, life among an endless variety of permutations began to be overwhelmed by applications for car insurance which they found difficult to cope with.

For the car owner, finding an insurance company also was a frustrating experience as the major insurance companies were all situated in the big cities and for someone in the peripheral regions taking out car insurance involved a long and expensive journey in the days before telephones were few and far between never mind faxes and the internet.

So the insurance companies began to appoint brokers to promote their various policies. These brokers eventually begin to spring up in every small town, and the public were happy to welcome them as their presence made the whole concept of taking out insurance policies so much easier and friendlier, not only car insurance but the entire package. Insurance brokers became part of the backdrop of life, along with family doctor, the dentist, the butcher and the bank.

Insurance brokers are business people who earn their profits from commissions from the insurance companies whom they represent. A worthwhile insurance broker will have received some form of formal training as well as being extremely well versed in the policies available not only from their employers but also from the opposition.

A true test of an insurance broker is in times of crisis. A surprisingly large number of people go through life paying their car insurance every year without ever needing to make a claim. However when the time comes for them to make a claim the true test of an insurance broker begins. How quickly and efficiently they handle the claim is the true test of insurance broker’s worth.

In most cases the claim is handled to the customer’s satisfaction and the relationship between the insurance broker and their client remains sound. Some car owners have been with same insurance broker for years, are personal friends and refuse to even investigate the possibility of going elsewhere to compare prices. For others, their loyalty lies only in their pocket, and are prepared to change insurance brokers to get a better deal.

Checking out the market is totally legitimate, and especially lends itself to the internet age in which we live. Nowadays it is possible to go on line and compare quotes from several companies for car insurance. Certainly more impersonal than working with an insurance broker but usually less expensive. Online insurance brokers have overheads that are a fraction of their land based competitors, and can afford to pass on these savings to their customers. You might not get a card this Christmas, but on the other hand you should be able to save between ten to fifteen percent on your annual insurance premiums. Worth thinking about.

10 Auto Insurance Savings Ideas

10 Auto Insurance Savings Ideas

Auto insurance is one of those necessary items that many people don’t realize they can save money and still get the right coverages. So how do you go about lowering your auto insurance costs? Here are 10 money-saving tips.

1) Raise your deductibles. Your deductible is the amount of money you have to pay before your insurance coverages kick in. The lower your deductible, the higher your premium. You could save a lot of money just by increasing your deductibles on collision and comprehensive coverage.

2) Compare quotes from different insurers. Auto insurance companies base their rates on several factors, and because of this, rates vary quite a bit from company to company. You could save hundreds by doing some comparison shopping for the lowest rate. You should get at least three different quotes for comparison. An online insurance comparison Web site is a convenient place to start.

3) Drive fewer miles. One of the factors that affects your rate is amount of miles you drive annually. Many companies offer a discount for lower mileage drivers.

4) Maintain good credit. This is controversial, but the fact is many auto insurers evaluate risk against credit ratings because they say that there is a correlation between good credit and good insurance risk. The better your credit score, the better rate you may receive.

5) Stay a safe driver. Driving safely means lowering your risk of a collision — and a claim. Too many claims can raise your auto insurance costs. Some insurers will reward accident-free drivers with a good driver discount as well.

6) Keep a clean driving record. Along with being a safe driver, following traffic laws will ensure that you avoid traffic tickets, which can raise your rate considerably.

7) Combine your auto and home insurance. Most companies will provide a discount on your rate if you insure your home and car with the same company.

8) Pick the right coverages. Too much coverage for your situation may cause you to pay a higher premium than necessary. On the other hand, if you cut your coverages too low you could end up paying a lot if you have a claim or are at-fault in a collision. Think about your limits of liability carefully and discuss with a qualified agent if you have questions.

9) Choose your car carefully. If you are going to buy a vehicle, look into the costs of insurance. Different types of autos get different risk ratings. If you find a vehicle you like, get some auto insurance quotes.

10) Take advantage of discounts. Most auto insurers offer a variety of discounts. Make sure you are getting all of the discounts that you can. You could save money for being a good student, a senior driver, having safety features and anti-theft features on your vehicle and more.

Teenage Car Insurance – The Steps You Need to Take to Save Tons of Money!

Teenage Car Insurance - The Steps You Need to Take to Save Tons of Money!

Our young children are the happy ones when we parents, gift them a car. Children feel that is their first step in self dependence. They need not depend on parents for going to school, friends’ houses, or to attend parties etc. With the feeling of freedom grows in the minds of children, the worry of parent’s increases.

The parents are worried because these youngsters, vigor flowing in every part of their body, have a tendency to zoom on the road in their new car. They may get involved in some accident or violate traffic and get caught by the police. The other worry of the parents is about the insurance cost of the car driven by these youngsters. Considering the fact that youngsters have a tendency to drive fast and get involved in accidents, the insurance company will charge higher insurance cost for cars driven by these youngsters. The risk factor is much more when the young driver drives on hilly roads, or when they drive when it is raining or during snow storms etc. Now, it is the turn of the parents to absorb this high insurance cost in their family budget which could some times be a bitter pill to swallow.

But, many insurance companies try to reduce the insurance cost of cars driven by youngsters by offering some discount.

1. It is easy to mend a young mind by proper counseling. In case of car driving, there are defensive Driving Schools where these youngsters are taught the lessons on safe driving, traffic rules, maintenance of car etc. Thus a youngster who attends these Driving Courses will understand the importance of safe driving. That is the reason, many insurance companies offer discount in insurance cost for those children who attend these courses.

2. The parents can include the policy of the children in their main policy. By this, they earn discount on Insurance Cost.

3. The youngsters must be encouraged to go in for a standard car which would be cheaper or an used car so that the insurance cost is lesser.

4. There are many insurance companies offering competitive quotes on insurance policy for cars driven by youngsters. Browse to get the best quote.

5. In addition to attending the Driving Courses, the parents should advice the children about the need for safe driving.

6. Encourage children not to go over mileage. Highlight to the children the need to reduce the insurance cost as much as possible so that it does not affect the family budget.

What Do You Mean by Deductibles For Car Insurance Quotes?

What Do You Mean by Deductibles For Car Insurance Quotes?

What are deductibles?

The car insurance quote that you get from an insurance company is calculated after the deductibles that can be paid by the car owner. Deductible is the amount that you are ready to pay in case of accidents or repairs to the car, and is part of the policy. It simply means that you are required to pay a portion of the damages to the car, while the insurance company would pay the rest of the portion. For example if you have take a policy for $3000 and you have deductibles for $500. In case of damages for the car costing $3500, you would pay $500, while the company would pay $3000.

How do you calculate the deductibles for your car insurance policy?

You can get the cheapest car insurance by increasing the amount of deductibles. For this you need to decide how much you are willing to pay and how much insurance coverage is required by you. You would need to pay the deductibles in case of an insurance claim for the damages that are borne by the car. You can get a low insurance premium when you increase the amount of the deductible. If you are ready to pay higher out of pocket expenses, then you will get a really good insurance deal. Deciding the amount of the deductibles is a trade-off between paying out of pocket expenses and paying the car insurance premium. If you think that you would hardly make a claim then opt for higher deductibles. In that case the insurance premium would be very low.

Know these factors before you purchase a car insurance policy

You need the cheapest car insurance policy that will protect in case of man made accidents as well as accidents due to nature. If you live in earthquake or flood prone areas, then you should apply for a comprehensive policy. It’s also important to know the minimum requirements for the insurance coverage as stipulated by the state that you live in. Know about the various discounts that are given by the insurance company. Discounts are available for those that have a clean driving record without any accidents or traffic violations. By knowing the deductibles that you can afford, the various policies that can be purchased and the discounts applicable for you, pick the cheapest car insurance for yourself.

Best Ways to Save Money on Your Renters Insurance

Best Ways to Save Money on Your Renters Insurance

Renters insurance isn’t all that expensive, but in this economy you need to save money any way you can. Here are the best ways to save money on your renters insurance.

Increase Your Deductible

Increasing your deductible – that portion of a claim you must pay before your insurer will pay – can cut your insurance premium in half. Just be sure you’ll be able to pay the deductible should you need to file a claim.

Bundle Your Policies

Insuring both your rental unit and your car will get you a package discount with most insurance companies. In addition, you’ll only have one insurance company to deal with.

Install Safety Devices

Installing safety devices like smoke alarms and purchasing a fire extinguisher will get you a discount with most insurers. Even if your insurer doesn’t offer safety device discounts you should have smoke alarms and at least one fire extinguisher installed in your home or apartment to protect you from a fire.

Install Security Devices

Security devices like dead bolt locks, window locks, and burglar alarms prevent thieves from stealing your possessions and therefore make your home less of an insurance risk.

Check Your Credit Rating

Many insurance companies are now using your credit rating to rate your insurance. If you have a bad credit rating look for a company that doesn’t do credit checks.

Ask About Discounts

Insurance companies offer numerous discounts such as non-smoker discounts, senior discounts, professional discounts, and many others. Always ask your insurer to give you all the discounts you’re eligible for.

Compare Quotes

Comparing quotes is the best way to save money on insurance. Rates can vary by hundreds of dollars a year from one company to the next, so spending a few minutes comparing quotes from different companies is time will spent.