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Seven Tips For Getting Cheaper Auto Insurance

2 April 2019 By admin Leave a Comment

Saving money is important to all of us. One way to save money is by reducing your car insurance rates.

There are several ways that can help you get cheaper car insurance. Here are our top 7

Shop around for online quotes. Insurance rates vary from one insurer to another, so it’s worth it to shop around. Brokerage websites are recommended to complete car quotes. Make sure you complete the same information on all the questionnaires. After you received at least three car quotes, you can start analyzing in order to choose a policy that suits you. After you settled with one offer, see if you can make the deal even better by contacting the respective insurer and find out if there are extra discounts you can qualify.
Raise your deductibles. Deductibles are the money you pay from your pocket before the insurance policy kicks in. By raising your deductibles, you will prove your insurer you are willing to take a higher financial risk. By doing so, your insurer will lower your premium rates. Make sure you put enough money aside to pay, in case of a claim.
Keep a clean driving record. If you have no traffic tickets and no accidents for a number of years, you can be eligible for this discount. Most insurance companies will lower your premium rates after three years of clean driving, while other insurers will wait even five years to give you this discount. Usually, this discount will lower your insurance rates by 10 percent to 20 percent.
Choose the right car. Insurance rates vary on the make and model of the vehicle you drive. Factors like the likelihood of theft, costs to repair and safety record, determine the price of the insurance rates. Safety and anti-theft devices also play a significant role in determining the premium of a vehicle. It is recommended to purchases a slightly used vehicle, preferably an SUV or a minivan, that already has many safety features installed

See Full Story at autocarsinsurancetips.com

High-Risk Drivers Can Get Cheaper Car Insurance Using The Following Tips

28 March 2019 By admin Leave a Comment

High-risk drivers should first identify the reason why they pay so much (if it is not obvious enough), then take action. Use the following tips to increase the chances of finding better coverage than the current one:

Look for specialized non-standard carriers. Many insurance companies, even the ones in the top, have subsidiaries or work with smaller companies that are specialized in dealing with high-risk drivers. Their insurance rates are usually lower than the ones offered by traditional carriers.
Compare online quotes. Even if a person is a high-risk driver, many insurance companies are still willing to provide coverage. Comparing online quotes will help drivers track the best insurance rates available for them.
Look for discounts. Many discounts are available for all drivers, high-risk included. Discounts for getting married, graduating a defence course, moving to a better neighbourhood, and for installing safety devices will lower car insurance rates.
Drive a car that is cheap to insure. Look for cheap cars that come with installed safety devices. In that way, the owner can save more on premiums.
Consider dropping coverage., When driving an old car that is worth less than the deductible, consider dropping the collision and comprehensive insurance.
Improve credit score. All states, except California, Hawaii, and Massachusetts use the credit score to calculate insurance rates. Improving the score will help the driver get better rates. One reason why a person may be considered “high-risk” is a poor credit scores.

See Full Story www.benzinga.com

Car Insurance Experts Provide Useful Winter Driving Tips

26 March 2019 By admin Leave a Comment

When venturing forth on snowy or icy roads, drivers should follow the next tips:

Prepare the vehicle for winter conditions. It is recommended to replace the car fluids, check the brakes, the windshield, the battery, and the tires. Pack first aid kit and winter safety kits.
Drive slowly. Speeding on a snowy or icy road can be deadly. Driving slower than usual on this type of roads will allow drivers to stop the car if a sudden hazard occurs.
Keep a proper distance from the front car. A minimum distance of three car lengths should be maintained between you and the vehicle in front of you. This distance should provide sufficient time to hit the brakes if the front car suddenly stops.
Use a lower gear for traction. By using a lower gear, the vehicle will be less likely to accelerate when it slides on an icy road.
Never use cruise control in winter conditions. Cruise control is designed to maintain a constant speed while traveling. On slippery roads, the use of cruise control can be hazardous. There’s a high possibility for a car to hit a slippery patch and loose traction and in the same time cruise control will kick in and accelerate in order to maintain speed.
Keep the distance from the snowplows. Keep a distance of at least five car lengths between the car and a snow plow. Be alert, as snowplows turn and exit frequently. When trying to pass a snowplow, be cautious to not drive through the snow fog that it causes.
Drive with your lights on. Even if outside is daytime, severe winter conditions can seriously reduce visibility.

See Full Story at www.prweb.com

When It’s Recommended To Check Car Insurance Quotes Online

21 March 2019 By admin Leave a Comment

When it comes to the premium you pay on your car insurance certain events can affect the amount you pay. Whether if those events affect your car insurance rates in a positive or negative way, you can find out by checking the car insurance average cost at least once every six months.

It is recommended to check the online insurance market when these events take place:

Your credit score changed. In most states, the law allows the insurance companies to take your credit into consideration when they determine the price of your insurance rates. Your credit score is composed of approximately 130 elements, but insurance companies use only the ones they find relevant. If you are in the poor and low credit categories, expect to pay more on insurance, while those drivers that have excellent and good credit scores will pay less.
State’s laws have changed. Every state has different laws and requirements regarding car insurance. These laws and requirements can be changed anytime. For example, the liability limits of insurance can be increased, leading to higher premiums to everyone. In order to find a better deal, you would have to check the insurance market.
You have maintained coverage. If you are a new driver or a more experienced driver that has a coverage lapse, the insurance companies will consider you as a high-risk driver. In order to pay less on your premium, you will have to maintain coverage for at least six months.

See Full Story at compare-autoinsurance.org

How young motorists can wipe hundreds of their car insurance

19 March 2019 By admin 1 Comment

Photo by Rangga Aditya Armien from Pexels

Money Saving Expert Martin Lewis has come to the rescue again – and young people struggling to get going will thank him for it.

It’s well-known how car insurance can be extortionate for younger people.

And the quotes are so high that it sometimes drives wannabe young motorists to hit the road without any cover, putting them at risk of prosecution – and others at risk of losing money.

But there are ways that we can all cut the cost of our premiums – and it’s no surprise that Martin has the answers.

The expert says young drivers can face paying premiums averaging £1,317.

But he said he has “a bag full of tricks” to help us save money.

Telling viewers of his ITV show the Martin Lewis Money Show, he added that “the answers often aren’t common sense.”

Watch Full Interview at www.bristolpost.co.uk

5 Tips for Choosing the Best Travel Insurance for Your Cruise

14 March 2019 By admin Leave a Comment

Many travelers are taking advantage of cruise sales to book their next vacation and relying on travel insurance to protect their investment. With wave season kicking off this week, Squaremouth shares 5 key tips for buying cruise insurance in 2019.

Be Wary of Coverage Through Your Cruise Line
Travelers with specific concerns, such as a sick family member at home or a pre-existing medical condition, should compare the insurance offered through their cruise line to that of a third-party to ensure they are getting the coverage they need for the lowest price.

Third-party policies typically have more extensive Trip Cancellation and Trip Delay benefits, and can include Pre-Existing Condition coverage, which is typically not covered by cruise line insurance. Third-party policies can also provide coverage for travel before and after your cruise, while cruise line insurance typically only covers portions of your trip purchased directly through the cruise line.

Emergency Evacuation Can Get Pricey
Medical evacuation on cruise ships is often more expensive than typical medical transport costs, especially for cruises to more remote locations. To prepare for these potential expenses, Squaremouth recommends cruisers look for at least $250,000 in Medical Evacuation coverage when purchasing a policy for their cruise. This benefit can cover the cost of an evacuation off a cruise boat, or from port, and even back home if deemed necessary.

Don’t Overlook Missed Connection Coverage
If a traveler misses their cruise departure due to bad weather or other airline delays, the Missed Connection benefit can cover their expenses to catch up to their cruise at the next port. This benefit can kick in as soon as three hours into a delay, and coverage can range from a few hundred dollars to more than $2,000.

See Full Story at www.prnewswire.com

Six tips to reduce your two-wheeler insurance premium

12 March 2019 By admin 1 Comment

Bike insurance will be included in the maintenance cost of your two-wheeler or car. Hence, you should take precautions to choose the right vehicle to minimize your insurance cost. There are other important facts which will have a great impact on bike insurance cost . You should be aware of these six tips to cut down your insurance cost drastically.

Tips to reduce your insurance premium

• Choose the right bike – You are advised to choose the right bike to reduce the insurance premium. The insurance premium will be high when you buy an expensive bike. Instead of choosing a luxurious and newly introduced bike, you can buy a standard bike. Insurers are aware of the normal maintenance cost of standard bikes and they will offer a policy at a lower premium. On the other hand, the availability of spare parts and servicing cost will be very high for luxurious and sports bikes. Hence, the insurance companies will charge a higher premium for such kinds of vehicles.

• Comparison of policies – You should not forget in comparing the two wheeler insurance companies.The insurance aggregator’s website is ideal to figure out various plans to fulfill your needs. As you fill-up the online form, you will be able to choose the most appropriate insurance plan as per your needs.

• Policy tenure – Bike insurance can be purchased for more than one year. You can go for either 3-year or 5-year bike insurance policy so that the premium will be low. There will not be any stress in renewing the premium every year when you go for a multi-year insurance policy.

• Discounts – Insurance companies offer various kinds of discounts. The discounts are based on age, gender, location, employment, etc. You can ask the insurance agent or the customer support representative of an insurance company to get more information in this direction. Some discounts are applied by the insurance company automatically as per the information provided in the proposal form. Learning special driving skills, installation of special accessories and membership in an automobile association are some of the reasons which will give you a discount on the premium.

• Avoid small claims – Insurance companies will reward you for safe driving and accident-free history. If you claim your insurance policy, the no-claim bonus will become zero. Hence, the no-claim bonus should be used judiciously as per your needs. As far as possible, avoid small claims.

• Enhance bike security – To improve the security of your vehicle, you can install special locks and safety-enhancing accessories on the bike. The insurance company will reward by taking steps to protect your vehicle.

See Full Story at www.5dariyanews.com

What Does Homeowners Insurance Actually Cover?

7 March 2019 By admin Leave a Comment

This regularly-scheduled sponsored Q&A column is written by Val Sotillo, Northern Virginia-based Realtor and Falls Church resident.

Question: My mortgage lender told me a homeowner’s policy was the last thing needed to fully approve our home loan. I want to shop around and make sure I get the coverage I need. What should I know before deciding on a home insurance policy?

Answer: It’s important to understand the basics of homeowners insurance so you can purchase a policy that meets your needs. It primarily covers your home and the stuff inside of it in the event of theft or some disasters (fire, windstorm, hail, lightning, smoke, explosion, theft, vandalism, riot and vehicle collision).

If your house is destroyed by a covered peril, a standard homeowner’s policy will go a long way toward repairing or rebuilding your home.

I’m not an insurance expert, so I talked to Matt Deadrick, with DDM Insurance, and he provided great insight that will help you understand basic insurance coverage and choose additional coverage that will fit your needs.

Dwelling Replacement Cost Coverage On Your Homeowners Policy

The value of your home may vary and this may cause concerns when you think about the amount of insurance you carry on your homeowner’s policy and whether it’s enough or too much. But the bottom line is that what your home can be rebuilt for versus what you can sell it for are two completely different things.

With Market Value, location, school district, distance to shopping and public transportation, etc. go into the calculations.

With Dwelling Replacement Cost, a completely different set of parameters is taken into account. The location is much less of a factor than the square footage of the house. The construction of your home and its features are what count.

When a new application is taken, your agent should ask questions about your home and it’s features such as square footage, age, number of rooms, if there is a finished basement, etc. This will be used to calculate an estimate of what your home can be rebuilt for, and determine the “Dwelling Coverage” on your policy.

Because there is no way to know exactly what a house costs to rebuild until it actually has to be rebuilt, it is imperative to include some coverage that takes into account that the “Dwelling Coverage” may need to be increased in the event of a catastrophic loss such as a fire.

See Full Story at www.tysonsreporter.com

Five tips of finding cheap auto insurance

5 March 2019 By admin 1 Comment

There are many ways that can assist you to reduce the costs of your auto insurance. Whether you’re young or old, female or male, follow our 5 tips in order to lower your auto insurance premiums;

1.Cost comparison

This is certainly one way that you can use in order to save money on your auto insurance. Shopping around and comparing different costs when you intend to renew your insurance cover will help you save a lot of money. However, you should be very careful. When you are shopping around, it is very crucial to ensure that you’re also comparing the qualities of the insurance policies. This is due to the fact that some of these may look cheaper, although you may realize that you lack similar coverage level when making a claim. Luckily, with the advanced technology, you may utilize various online cost comparison sites to make the task even easier. The only thing you are required to do is to enter your details in these sites and compare the prices and quotes that show up. Additionally, you may change the excess amount you’re willing to cover and mileage you intend to drive in order to obtain new quotes. The best thing with these sites is that they enable you to make quote comparison of various large insurance firms. Some of the common auto insurance comparison sites include ComparetheMarket, GoCompare and Confused.com. In order to compare various costs of auto insurance, gathering this information is very essential.

2. Consider higher deductibles

Deductible refers to the amount of money that the insured is supposed to pay in order to cover the loss incurred in a car accident which he/she is deemed responsible. The insurer pays the remaining amount so as to cover the total loss. You can be able to substantially lower the cost of your insurance premiums by including high deductibles in your insurance policy. For instance, raising your deductible to $500 from $200 may cause the cost of your comprehensive and collision coverage to decrease by approximately 15-30 percent. Similarly, opting to choose an even higher deductible for instance $1000, you can save from 40 percent and above. However, before selecting higher deductibles, ensure that you have set aside enough money to pay in case you have any claim.

3. Low mileage rates

Reducing your mileage rate will help you to save a lot of money. However, you must ensure that you are completely honest about the annual mileage rate since inaccuracy may compromise any insurance claim.

by Thomas Anderson

See Full Story at www.conservativedailynews.com

5 Tips for Cruisers purchasing Travel Insurance in 2019

28 February 2019 By admin Leave a Comment

Here are five tips for cruisers to keep in mind when purchasing travel insurance for their next cruise:

1. Find the best options through an aggregator site. By taking advantage of captive customers in the booking process, cruise lines may only offer limited insurance options at the time of purchase. The options may include only “one-size-fits-all” plans that offer few benefits or key exclusions. These plans may also only offer travel vouchers for future cruises in the event of certain types of cancellations. And most importantly, many standard travel insurance plans offered by the cruise lines will not cover any travel costs to and from the ship’s departure ports and may not provide coverage for any travel booked outside of the cruise company’s in-house reservations.

2. Consider cruise-specific coverage. Cruise ships run on tight schedules, and they will not cover any missed departures, despite the fact that the leading causes of missing a cruise ship include delayed flights or adverse weather conditions. Missed Connection coverage can reimburse the traveler for a set dollar amount to re-book travel to catch up with their cruise at the next port. Missed Port of Call coverage pays a benefit if the cruise ship misses a scheduled port of call on the itinerary due to adverse weather, natural disaster or mechanical breakdown. Or look for a plan with Cruise Disablement coverage, which pays a benefit if you are confined on board the ship for more than five hours without power, food, water or restroom facilities.

3. Read the fine print on medical and evacuation coverage.Although cruise ships provide medical facilities, some ships may not be equipped to treat serious injuries or illnesses. For extreme medical emergencies, travel insurance plans with emergency evacuation coverage can cover the costs of transportation to evacuate a passenger to the closest adequate medical facility. Also, if during a cruise a passenger has to seek medical attention off the ship, travel medical coverage can reimburse the costs of those medical expenses.

4. Save money with group travel insurance. When ten or more people are traveling on the same itinerary or together as a group, group travel insurance can be an affordable and easy way to purchase coverage for each group member. Group leaders can offer the same coverage to each individual traveling, regardless of the traveler’s age. This can be cost effective for “silver” cruise groups, since the cost of the insurance varies only by the costs of the trip insured and not the traveler’s age. Group leaders can also purchase and manage the individual policies on behalf of the travelers, making for a more efficient, hassle-free process.

See Full Story at www.capitalfm.co.ke

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Insurance Agency Singapore | Commercial Insurance and Personal Insurance