5 Tips to Get Cheaper Car Insurance

Never assume that loyalty is rewarded by cheaper car insurance.

Car insurance companies often offer great deals for new customers but make big increases in the second year. An example of this is the insurance on my wife's car which was due last week. 12 months ago she got a great deal on her motor insurance and this time around they wanted 20% more. A quick search showed that as a new car insurance customer the price would be 18% less.

Consider buying online

The best deals are often to be found online as it is a lot cheaper for the companies and discounts for online insurance purchases can be as high as 20%

Don't rely on comparison sites always offering the best deals on car insurance.

The likes of moneysupermarket, confused etc are paid a commission if you take out car insurance through them and not all companies use them. A recent example of a deal which was not available on comparison sites was from a Car insurance who offered all new customers a £40 gift card but the terms stated the offer was not available for customers using comparison sites. Also remember that companies like Direct Line only deal direct so their insurance offers are never available on comparison websites.

Pay a bigger excess if you really are after cheaper insurance. (but if you have an accident prone history you might want to ignore this one)

By paying a bigger excess you can and will reduce your annual insurance premiums.

Car valuation

When you enter the valuation don't value it at more than it is worth as should you have an accident where the car is written off the insurance company will only pay you the market value. (don't undervalue the car either)

Craig Meredith is a regular contributor to http://www.carpetbagging.co.uk and more details on these and other money saving tips can be found on the site.

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How to Save Big on an Auto Policy that Includes a Teenager !

Insurance price tags have become the talk of the town, and nothing is more vexing than that which is related to younger drivers.

It's the absolute truth. Adding your teenage son or daughter to your auto insurance policy can be a mighty expensive endeavor. To be fair, there is good reason for insurance companies to demand more on a premium quote: it is simply because there is more of a liability risk with a car, van or truck teenage driver!

In order for the average Joe to understand precisely why that young driver amounts to a double headache - one for you and another one for your insurance carrier - I've brought some super underscoring facts. The ratio in regard to age-related collision statistics speaks for itself.

Did you know that teenage drivers between the ages of 16 and 19 years old have double the chance of causing a crash than 18 to 19 year old teens? Did you know that teenage drivers between the ages of 16 and 19 years old have been involved in auto collisions more than four times as much as senior citizen drivers?

The facts definitely get more sobering when exploring further statistics.

The median auto insurance rate rises across the country by one hundred, fifty two percent upon inclusion of a teen driver. There’s another issue as well: male teens are pricier than females - with the median cost for an added teenage boy rising one hundred, seventy six percent, and the average bill for a policy that includes a teenage girl rises one hundred twenty-nine percent. Moreover, the state of CA has the highest rise in premiums when adding a teenage driver - more than two hundred percent!

How do you save on a policy that includes a teen?

Now that households with teen drivers have been informed of the bad news, here's a bit of a silver lining that will help swallow the bitter pill. There is a tremendous difference in insurance rates between companies and various states. Though sifting through the many sources for the layman can prove incomplete at the least and cumbersome and daunting at the best, thankfully, there is an alternate prevailing route.

By partnering with an experienced, independent insurance agency that has an abundance of company resources at its fingertips, you will be presented with tailored coverage at competitively lowest quotes that are buoyed by significant bundling savings as well as other great sources of discounts.

Of course, in order to locate the appropriate agency that delivers on its promise, it is wise to evaluate associated performance. The best way to do that is by getting good reports about a particular place - from those who are satisfied customers. After that, you're free to enjoy the coverage benefits of an exceptional ride! Best of luck and bon voyage!

PRIME Insurance is that independent agency that more than 10,000 satisfied customers will refer you to. Presented with numerous industry awards for the excellence that it touts, PRIME has also been appointed to do direct business with over 40 of the leading insurance companies - such as ACE, AIG, AMERICAN MODERN, CNA, FOREMOST, GUARD, MIDDLE OAK, PROGRESSIVE, Safeco, USLI, ZURICH and more.

We're providers of nationwide plans, including NJ auto insurance, business, homeowners, general liability, umbrella, life and more. Experience us on the web at http://www.primeins.com/, email us at PRIME@primeins.com or call us directly at 732-886-5751!

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Be The First Who Get extra savings on health insurance with a Silver plan !!

When you apply for health coverage through the Health Insurance Marketplace, you’ll find out if you qualify for savings. You may be eligible for a "premium tax credit" to lower the cost of your monthly premium. You also may be eligible for "cost-sharing reductions" — discounts that lower what you’ll pay out of your own pocket for medical care.

Important: You can use a premium tax credit for a Marketplace health plan in any "category". However, if you qualify for cost-sharing reductions, you’ll only get these extra savings if you enroll in a Marketplace health plan in the Silver category.
Why choose Silver?

If you qualify for cost-sharing reductions, a Silver plan may be the best overall value. Even if your monthly premium is higher than some other plan options, additional benefits could save you more down the road, like:
You’ll have a lower deductible with a Silver plan. This means the insurance company starts paying its share sooner. As an example, a Silver plan may start paying after you spend $300 on medical services yourself, compared to $750 if you enrolled in a plan in a different category.
You’ll have lower copayments or coinsurance — like $15 per doctor’s visit instead of $30 you might pay with another plan type.
Your total costs out of pocket might be lower too, if you need a lot of care in a year.

So with a Silver plan, your "total cost of care" — when you add up your premium, your deductible, and other out-of-pocket costs — may be significantly lower. This means you’ll save a lot of money overall.

How to find the Best health insurance plan that’s right for you !!

Choosing a health plan can be complicated. We can help you understand how to compare Marketplace plans and choose one that’s right for you.

Here are some important things to consider when choosing a plan:

Plan category:  There are 5 categories of Marketplace insurance plans: Bronze, Silver, Gold, Platinum, and Catastrophic. The health plan category you choose determines how you and your plan share the costs of care.

Monthly premiums:  This is the amount you pay your insurance company for your plan whether you use medical services or not. Monthly premiums are important, but they’re not all you need to think about.

Out-of-pocket costs:  It’s important to know how much you have to pay out of your pocket for services when you get care. You pay these out-of-pocket costs in addition to your monthly premiums.

Type of insurance plan and provider network: Different plan types provide different levels of coverage for care you get inside and outside of the plan’s network of doctors, hospitals, pharmacies, and other medical service providers.

Benefits:  All plans sold through the Marketplace provide the same essential health benefits, cover pre-existing conditions and offer free preventive services.

Now that you know what to look for you can preview plans and prices in your area Bellow and apply online. It takes most people 20 minutes or less to apply.

How insurance rates are calculated !!??

Do you wonder why your premiums sometimes change, or why auto and home quotes are different from one insurance company to the next? We understand that it can seem confusing as there are several factors involved in determining rates.
Calculating risk levels

Insurance rates, called premiums, are based on risk, or the potential that someone will make a claim. The greater the risk, the higher the premium - the lower the risk, the lower the premium. To set rates, we study the claims history of groups of people with similar characteristics and then add information about your particular history to determine the exact premium.

For example, home insurance rates will reflect:
whether your neighbourhood is prone to sewer backup
the crime rate in your neighbourhood
how close you live to a fire station and fire hydrant
the value of your personal property
your insurance history
the claims history of your property

Auto insurance rates will reflect:
safety and theft statistics for your area
the safety features and statistics of your vehicle
the year, make and model of your vehicle
whether you commute to work or use your car for personal or business purposes
how many driving offences you’ve had, including past at-fault insurance claims
how many years you’ve been driving

Your rates can also vary depending on if you qualify for any discounts, how much coverage you decide to purchase and the deductibles you choose.
Federal and Provincial regulations apply

Government regulations, taxes, and the cost of health care also affect rate calculations; as these costs change, so do premiums. Likewise, changes in court awards, towing fees, repair costs, insurance fraud, and more frequent and severe storms have all influenced rates over time.

Why do we need insurance In Our Life !!?

Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim.

Insurance helps you:
▬ Own a home, because mortgage lenders need to know your home is protected
▬ Drive vehicles, because few people could afford the repairs, health care costs and legal expenses      associated with collisions and injuries without coverage  
▬ Maintain your current standard of living if you become disabled or have a critical illness
▬ Cover health care costs like prescription drugs, dental care, vision care and other health-related items
▬ Provide for your family in the event of a death
▬ Run a small business or family farm by managing the risks of ownership
▬ Take vacations without worrying about flight cancellations or other potential issues