Understanding Your Insurance Options in Your State

Every state is different when it comes to options for insurance. Because of that, it is very important that you do your research into the state in which you live and what kind of insurance is required. You may be able to get more coverage in one area of the country than in another, and you may have options that you didn’t consider or didn’t even know you could get. As you look at your choices for an insurer and a policy, you should make a list of trends you’re seeing and questions you have. If you need a rare valuable insured, you may have to go to a specialized insurance company. More common insurers may not offer you the options you need.

You will also want to decide whether you’re going to separate your insurance needs and use different companies or whether you would prefer all of your policies to be handled by one company. A lot of people like having all of their policies together because it makes things easier for them. However, your state may have an insurance provider or two that doesn’t have all types of policies as one of your options. If that’s the case, you may be better off using different companies – and you may not really have a choice in the matter.

Whether you use one company or several, make sure you know your options as they pertain to what is required in your state. That’s especially important when moving from one state to another because insurance requirements can be very different. Your life insurance would likely not be affected, but your car and homeowners policies could have specific limits that were not required in your previous state of residence. Take the time to ask questions of your agent to be sure you’re getting the right coverage for your needs.

Why did My Insurance Premium Increase when I Haven’t had a Claim with my Insurance Carrier?

There are many reasons you could see insurance premiums increase, even if you have not made a claim. The main reason is based on the profits and losses experienced by the company. Most insurance providers use policy premiums to pay claims. If there have been a large number of claims, insurance premiums increase accordingly. Usually the insurance carrier is only allowed to make an increase like this once or twice a year. If you have now found you are unable to make your insurance payment, your best option will be to shop around for more affordable quotes on the same type of coverage.

Another reason insurance premiums increase is because you have moved to a new location or if you have made changes in your policy. Depending on where you live, there may be more risks for certain types of hazards such as theft. In this case, the insurance provider may increase your premiums to account for the increased chance you may need to make a claim. Additionally, if you have made changes to your policy, such as reducing your deductible, this could also mean an increase in your premium. Insurance companies use a formula to calculate how much you will pay for your coverage. When any type of change is made, this can either increase or decrease the amount of your payment.

Remember, shopping around for quotes on insurance should be considered once or twice a year. When your policy is up for renewal is a great time to see if you could save some money by working with another insurance carrier. You can find affordable quotes online in minutes and then compare the company that will give the best rates for the best coverage.

Will a Pool Make my Insurance Go Up

Will a Pool Make my Insurance Go UpHomeowners insurance is coverage that will protect not only the structure of your home, but also the contents and even out buildings and other structures. If you already have a pool on your property or if you are thinking about adding a swimming pool – this will probably raise the rate on your insurance.

You may wonder why adding a pool to your backyard would increase your insurance premium. The main reason is that it adds an additional liability to your property. You may also need to add a fence around the pool and other security features to make sure no one is hurt accidentally. Even though the pool is on your property – there is a possiblity that neighborhood children or other invited guests may go into the pool area and get hurt.

Another reason a swimming pool will increase your homeowners insurance is the possiblity that you, your family, or your guest may be injured in the pool. Accidents happen all the time and as the homeowner you will be responsible for the medical payments of someone injured on your property. No matter how careful you are, or how close you watch your children, there is a chance that a tragedy could occur in or around your swimming pool.

If you still want to install the pool – make sure you talk to your insurance provider and find out ways to earn discounts on your premium. Usually, if you install special security measures, your insurance company will reduce the amount you will have to pay on your premium. Another way to save money is to shop around and find a provider with a better rate. You can work with an independent insurance agent who can compare multiple quotes for homeowners insurance and find you a rate you can live with. Before you make any decisions about adding a pool, or purchasing a policy from your current provider, let an agent compare prices and save you money.

What is a Multiple Car Discount

What is a Multiple Car Discount?A multiple car discount is a great way to save money on your car insurance. Many insurance providers will reward customers who insure more than one car with the company. When it comes time to renew your insurance policy, consider searching for additional quotes from top providers and make sure you are not paying too much for your automobile coverage.

If you recently got married, you may not have considered combining your car insurance policies. With all of the excitement of getting married and combining households, this money saving tip is sometimes overlooked. If you and your spouse are due to renew you policies in the near future, take the time to compare quotes from several different companies and put all of the vehicles on one policy. You may be amazed by how much money you can save.

When your teenage son or daughter begins driving and you decide to buy him a car, make sure you ask your insurance provider for a multiple car discount. If you think the rates are too high – it is a perfect time to shop around and see if you can get a better deal with another insurance company. Some insurance providers specialize in protecting young or risky drivers. It is worth the time and effort to compare quotes and find a great deal.

Finally, if you purchase an RV or even a motorcycle, you may qualify for a multiple car discount. Insurance companies want to reward customers who choose to purchase all of their coverage from the same provider. If you don’t have the time or patience to search for better insurance yourself, allow an independent agent to take care of all the hard work. When you work with independent agents, they can quickly compare multiple quotes and find a rate that will easily fit into your budget. If you have any questions about the type of insurance you need, your agent will help you find the insurance you need for the price you can afford.

3 Ways to Lower your Car Insurance

3 Ways to Lower Car InsuranceEveryone wants to cut down on bills and save money. There are three easy ways to lower your car insurance and still maintain the coverage you need. One of the best ways to save money is to compare quotes from multiple providers to find the rate that fits your budget. Automobile insurance companies vary from state to state and finding a reputable provider is important. When you are comparing quotes you need to make sure you are getting the same amount of coverage and that you can feel confident that the provider will take care of your car insurance needs.

A second way to lower your car insurance is to ask for a multiple car discount. Most families have more than one car, but if you recently got married or if your grown children have come back home, you may not realize using the same insurance company can save everyone money. Also, don’t forget about your RV or even your home. Since you need insurance for these items also, ask your insurance provider for a discount.

A third way to save money on car insurance is to increase your deductible. This is easily overlooked when you are trying to cut back on expenses and lower your budget. Instead of a $200 deductible, you can choose a $500 deductible and potentially save hundreds of dollars each year. This does not reduce the amount of coverage you have, it just means that you will need to pay more out of pocket if you are involved in an accident. Usually, this is a great way to save money and still retain great auto insurance.

Before you renew your automobile insurance policy for the next six months, take some time to compare quotes and make sure you are getting a great deal. To make it even easier you can use an independent agent who will compare the quotes for you and find a great rate.

Check Whether You are Eligible for Discounts

Check Whether You are Eligible for DiscountsIn this fast moving world, you can also get your car insurance just by a click. You can save your money as well as your time. You can get a quote immediately from many insurance companies just by answering few questions. You can get car insurance  quotes in different ways. You can get multiple quotes at a time from many reliable companies so that you can compare them and purchase car insurance online.
You will be eligible for discounts if the number of miles driven is less, if the mileage is in between 1500 to 7500 miles then you will get discounts. The distance you travel qualifies for low mileage car insurance discount. This discount keeps varying depending on many factors. It depends on insurance provider and also upon each state. Few factors which you need to consider when you are searching for less mileage discounts are:

  • Senior Citizens– Seniors will usually be offered for less mileage discount for many reasons. Seniors will usually be retired or they will be working for less hours, hence they will be driving less. Though this is not the case always, seniors drive shorter distance when compared to young drivers, hence making them eligible for low mileage discount.
  • Driving less– If you change the job or the proximity to work, whether you use your car for personal use or work and if you increase the use of public transportation, all this affects for your mileage discount.
  • Car pooling or second car– If you use your vehicle as non primary vehicle then your insurance provider will offer you low mileage discount. If you own a second car you will not use that car much and that could be eligible for low mileage discount. Many insurance companies provide discount if you do car pooling as it will reduce the number of miles traveled.

When Comparing Home Insurance, Size Doesn’t Matter

Size Does not Matter!If you’ve read one home and auto insurance policy, you’ve read ‘em all. Right? Wrong. This is one of the reasons everyone’s always harping on you to pay close attention to the details of your insurance policies. A willingness to compare home insurance quotes rather than just going with the first one that sounds good can save you a bundle, especially if you pay attention to two big rules in home insurance shopping.

Rule Number One: Size doesn’t matter. Yeah, it’s a cliche but in this case it actually fits. Don’t automatically assume that the bigger the insurance provider, the greater your chances at scoring a killer deal. Likewise, you shouldn’t assume that just because an insurance provider is enormous, they’ll charge you more for name recognition. Ignore name brands and focus on the details.

Rule Number Two: Finding a good insurance company or broker isn’t a crapshoot. It’s only ever a crapshoot if you don’t commit yourself to shopping around before making the decision about who to work with. A big part of shopping around centers on using online tools to compare home insurance quotes and getting an accurate ballpark figure of what you’ll expect to pay. Once you’ve done this and are comfortable that you’ve found an insurer capable of giving you the best deal, the rest should come easily.

Do You Know Where Your Insurance Policy Is?

Importance to Secure Home and AutoFirst things first: do you know where your home and auto insurance policies are? The likelihood—as demonstrated by the vast majority of people who wouldn’t be able to tell you where their current insurance documents were if their lives were on the line—is that you don’t. But just because you’re in good company doesn’t mean that you’re in good shape.

Why It’s Important to Have Your Home and Auto Insurance Policies
Having a copy of your current home and auto policies is important for several reasons, the least of which is so that you’ll be able to refer to either in the event of an accident or damage to your home. Being able to tell the level of your home insurance coverage at a moment’s notice can also come in very handy if you’ve experienced damage to your home and want to find out what’s covered prior to contacting your insurer. Filing too many claims can result in an increase to your premiums, and in many cases you’ll want to weigh your options before picking up the phone—especially if the repair bill is less than your deductible.

How to Get Another Copy
Insurance policy paperwork isn’t irreplaceable, and it’s not terribly difficult to get ahold of another copy if your searches through piles of paperwork at home have yielded no results. You can have another copy sent out to you by simply calling your insurance provider and informing them that you’ve misplaced your current copy.

How to Lower the Cost of Teenage Auto Insurance, Part 2

Insist on Used CarThere’s a secret among the ranks of auto insurance providers that you might not be aware of. Okay, it’s not really a secret—at least not by definition. Because something is not commonly known doesn’t automatically mean that someone (i.e., your car insurance provider) is trying to keep it hidden from you. But the fact that so few parents actually know there are steps they can take to lower the cost of their teenager’s car insurance certainly makes it seem that way. Here are two effective ways to accomplish that end.

  • Raise your deductibles. You’re probably thinking it makes a lot more sense to keep your deductibles low, especially during your teenager’s formative driving years, to cover for the high risk of incidental damage. But raising your deductible can have a seriously diminishing effect on the insurance premium that you pay out, and could work to counterbalance the strain of taking a teenager onto your family policy. As a rule of thumb, you should never raise your deductible so high that you won’t be able to pay it if something does happen.
  • Insist on a used car for your teenage driver. New cars cost a lot more to insure, and when you throw a young driver into the mix, you’ve got a financially crushing combination. A used car will help lighten the economic load and will also go a long way in teaching a teenage driver a few lessons in humility, as well as the value of the dollar. That said, it’s critical to your child’s safety that the used vehicle is equipped with all the necessary safety features. The last thing you want to do is compromise your teenager’s safety for the sake of a few saved dollars.