Insurance

  • Should You Add Your Teen Or Let Them Get Their Own Car Insurance Policy?

    That moment comes for all parents of teenagers when it's time to make a decision: Should you add your teen to your policy? Or should you let your teen have their own policy? This is an important and weighty decision that can have far-reaching effects. Should You Add Them to Your Policy? Adding your teen to your policy isn't like adding another adult. Teenagers are high risk, and adding a high-risk driver to your policy will cause your rates to go up, possibly by a lot.
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  • Potential Costs Of Switching Your Auto Insurance Companies

    There are several situations in which you may want to switch your auto insurance company. Examples include if you buy a second car, want to add a driver or move to a different state. All these are situations that may affect your insurance premiums, and switching may be desirable if you can find a better offer elsewhere. However, you should do this knowing that there are two potential costs. Cancellation Penalty
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  • Issues Surrounding Mileage Based Insurance

    Pay-as-you-drive, also known as mileage-based, insurance is one of the new ways of paying for car insurance coverage. In its simplest form, the insurance company charges you based on how much you drive – the more you drive, the more you pay. Since it's a relatively new concept, it's still fraught with misconceptions. Here are some of the things people say about mileage-based insurance, as well as explanations of whether they are true or not:
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  • Three Simple Changes That Can Reduce Your Home Insurance Premium

    Although you can't put a price on the importance of home insurance, you can make some simple changes to reduce the amount you pay each month. The next time your home insurance policy comes up for renewal, skip the idea of shopping around for a lower rate and, instead, talk to your insurance agent and ask how a number of different factors can lower your premium. The changes you make don't have to be major -- often, a minor change that has little consequence on how you live your day-to-day life can save a significant amount of money.
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  • 3 Common Car Insurance Myths That Need To Be Scrapped

    Car insurance can be a tricky subject as there are many factors that come into play regarding coverage options and premium rates. Due to this, there are a lot of myths surrounding car insurance that are out there. Below are three such auto insurance myths and the facts behind them. Myth #1: My Insurance Covers Theft, Vandalism, and Weather Damage Fact: The coverage items mentioned above are not standard, but they can be purchased as an optional add-on.
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  • Letting Your Teen Drive: 4 Money-Saving Tips For Auto Insurance

    It is no secret that children are expensive. Even though you are used to spending money on your child, you may be surprised by how expensive it is when your teen starts driving. The cost of a vehicle, gas, and auto insurance really add up—even if they are helping to pay for it. Fortunately, you can save some cash while still giving your child what they want: their driver's license and a car.
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  • Ready To Retire? How To Save On Age-Related Auto Insurance Premium Increases

    Car insurance rates are one of the hardest things to predict, particularly as you age. Whether you're getting closer to retirement or you've already gotten there, you're probably going to see an increase in your insurance premium rates. Most insurance companies consider older drivers to be higher risk because of the gradual decline in cognitive responses as you get older. If you're facing increased premiums, here are some suggestions to help you save money in the long run.
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  • Three Reasons Why All Young Adults Should Invest In Life Insurance

    As a young twenty-something, you may be scratching your head as to why you would need to invest in life insurance. It is already difficult enough to budget with your limited salary. Adding an additional expense to the mix would only make matters worse. Futhermore, you would likely never see anything tangible come from such an expense. Truth be told, purchasing life insurance at a young age is one of the best decisions you could possibly make.
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  • 5 Tips For Lowering Auto Insurance For Teenagers

    When it comes to keeping your insurance costs low when a teenager is added to your policy, this can be challenging. Insurance companies typically charge more for new or inexperienced drivers. As a parent, who may be responsible for paying the bill, it's important to know effective tips to help keep insurance costs down when the teenager in your family starts driving. Tip #1: Insure an older car for your teenager Avoid obtaining a comprehensive policy that may be expensive when insuring your teen.
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  • Questions To Ask An Agent Before Buying A Flood Insurance Policy

    No matter where you live, it's a good idea to have a flood insurance policy in place. However, this is especially true if you live in an area where flash floods are common or annual rainfall amounts are high. After all, you may not realize it, but your homeowner's insurance policy alone likely doesn't cover flooding. Before you purchase just any flood insurance policy, however, there are some questions you should ask your insurance agent.
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