How Relationship Status can Affect Your Insurance Premiums

Shopping for insurance is a difficult task. You have so many decisions. Not only do you have to choose the right insurance provider, and whether you want an agent or just wish to work with the customer service department, there are tons of little things that affect the price of your insurance. One of the things that can affect the premiums you pay is your relationship status. It may seem strange, but going from single to married, or vice versa can change the price you pay for your coverage. Learn more about why this is, so you can better prepare for what you may have to pay for insurance.

Not all companies offer a discount, but several companies will give significant savings on car insurance for married drivers. The reason for this is that, by the numbers, married people are usually safer drivers than those who are single. While this can be frustrating for single drivers, those who are married reap the benefits of this discount.

Some people see this discount as discrimination; however it is perfectly legal for this type of discount to occur. Insurance companies offer discounts for other things such as drivers over 25, those who insure multiple vehicles, safe drivers and even normally charge less to insure women than to insure men. The insurance companies are in the business to make money, so it only makes sense that they charge more for drivers that have been show to statistically cause more accidents—in this case drivers that are single.

While you may not want to change your relationship status just to save money on your insurance, there are other things you can do to save money on this necessity. Talking to an agent, instead of just working with a company through the phone or internet will often help you find those little discounts you may not have realized.

The most important thing to remember is that if you make changes in your life, including changing your marital status, you need to update your information with your insurance company. This will make sure you have the coverage you need at the best possible price. Whether you are single or married, getting the best price possible is vitally important.

Information You Need Before Getting Home Insurance Quotes

Shopping for new home insurance is a big purchase — rates in the U.S., after all, average $800 per year. It makes sense that homeowners would want to compare information on home insurance rates from various insurers to be sure to get the most affordable premiums. But before you start asking for home insurance quotes, there is some information you need to obtain first.

Location

Home insurers always require the same locational information about your home. This includes the physical address of the property, as well as whether the home is located in a potentially hazardous area, such as an area prone to hurricanes. Furthermore, you should be prepared to provide insurers with the distance between your home and the nearest fire department and fire hydrant. These factors make a big difference in how quickly firefighters would be capable of extinguishing a flame.

Construction

Your home’s construction components weigh heavily on the amount you will pay in premiums. Insurers will want to know what your home and roof are made of, as well as what type of foundation you have. You may also have to provide information about whether your home has a garage, a porch or a breezeway. Be sure to take note of whether your electricity uses a circuit breaker or fuse box, and let your insurer know how your home is heated. Gas and electric heating, for instance, get preferred rates over wood stoves and kerosene heaters.

Details

Other details can impact your rates too. For example, the presence of deadbolts, fire extinguishers, smoke detectors and alarm systems can all lower the chances that you will have to make a large claim. You will also need to provide square footage information, the year your home was constructed, and the home’s purchase price or appraised value.

Shopping for insurance the key to gaining protection at affordable costs

Shopping for insurance the key to gaining protection at affordable costsYou know you need auto insurance to drive in your state. You need life insurance, too, to provide financial protection for your spouse and children in case you should pass away unexpectedly. And you need homeowners insurance to protect your family from catastrophic financial losses should your home be damaged by a fire, tornado or other disaster.

Problem is, insurance policies aren’t free. Whether you need life, auto, health or homeowners insurance, you’ll have to pay. The good news, though, is by shopping carefully for insurance you can greatly reduce the amount of money you have to spend for the financial protection that insurance provides.

Shopping for insurance used to be a challenge. Consumers had to call several insurance companies to compare quotes. With each call they made, these shoppers had to provide the same personal information. The process could take an entire day, or longer.

That’s no longer the case today, thanks largely to the Internet. Today, insurance shoppers can visit Web sites that provide them with live quotes from the biggest insurance companies in the country. And these quotes pop up on shoppers’ screens within seconds. Consumers can now complete in less than 30 minutes a process that once took an entire day.

When shopping for insurance, though, consumers do need to be careful. Price shouldn’t always be the determining factor in deciding which insurance policy is the best fit. A less expensive life insurance policy, for instance, might provide a far smaller financial reward to your spouse and children should you die. A cheaper homeowners insurance policy might provide a smaller payout should your home be damaged. And a less expensive auto insurance policy might leave you with a far higher deductible to pay if you suffer a serious car accident.

Consumers need to remember, too, that they might be eligible for several discounts that can make their insurance policies more affordable. Consumers who take out more than one policy with the same insurance company might receive a discount. Consumers who don’t smoke might receive a discount on life insurance, while those who have a clean driving record might pay less for an auto insurance policy.

Shopping for insurance, then, remains the best way for consumers to gain the protection that insurance provides without spending a fortune to do so.

Shopping for Your Washington Car Insurance

Shopping for WA Car InsuranceAny car insurance policy is a legal contract and begins with declaration page. Every Washington car insurance has it’s own policy number, coverage limits, policy term and information about the insured and also a description of vehicles listed under your policy. Every car insurance policy is unique and has it’s own identification. Your Washington car insurance is a general agreement with a broad statement with all perils and risks covered listed under one form. This also has exclusions specific to events, states, policy types, forms and also circumstances which make them not be covered under your policy. If you have zero knowledge of insurance, the definitions make your concept of insurance clear and will avoid every misunderstanding.

Gather Information Before Shopping

Information you will need to gather before you set out for shopping are:

  • Make and model, built year of the vehicle.
  • Identification number of the vehicle.
  • Any bank or financial institution which financed for your car purchase, it’s details such as name and address.
  • Miles driven every year and the way vehicle is being used.
  • Primary driver and others if any driving the vehicle.
  • Percentage of time vehicle used by each to be covered driver, an estimation of it.
  • Any accidents or violations committed, it’s history.
  • Safety measures taken or installation of protective devices.

Specific Factors Affecting the Rate

  • Your driving record: more the tickets raised or violations committed, more will be the risk covered.
  • Your geographic territory: More claims made by urban than rural areas
  • Your gender and age: women have less accidents compared to male. Also certain age groups have had more claims.
  • Your marital status: lower rates on claims have been showed by married people.
  • Vehicle use: Annual mileage depending on car usage resulting in higher risk.
  • Make and model of your vehicle: More number of claims are made by sports or luxury cars.

Lessons in Insurance Shopping: Looking Beyond Face Value

Securing Home and AutoAccurately comparing car insurance and homeowners insurance has a lot to do with determining the categories you fall into. For example, if you’re considered a high risk driver due to your long history of being involved in accidents, it’s probably in your best interest to ramp up your level of liability insurance and to factor that into your quote. But what determines if you need high value home insurance?

Although you might think that your need for standard or high value home insurance depends totally on the dollar value of your home, that’s not the only factor. You don’t have to live in a mansion or earn a particularly high salary to qualify as someone who needs a high level of homeowners insurance. However, if you happen to own a lot of expensive “stuff” this could be an immediate qualifier.

So what kind of “stuff” do you have to own in order to be a good candidate for high value home insurance? Here’s a quick, but by no means totally inclusive, list.

• Expensive electronic equipment
• Valuable art
• Irreplaceable antiques
• Priceless family heirlooms
• High value collections (anything from wine to baseball cards)

As you can see, the fact that someone can live in a shanty and still qualify for high value home insurance is a lesson in not always taking things at face value when shopping for insurance. This is a lesson that’ll serve you well when comparing car insurance, homeowners insurance, health insurance, life insurance, and any other kind of insurance you can possibly think of.

Shopping for Home Insurance: Keeping Sight of What’s Really Important

Take That Smart Step to Save Your DollarsIt’s easy to lose sight of what’s really important when you’re shopping around for a home insurance quote. The fact that out of pocket cost is one of the main selling points of a lot of home and auto insurance policies doesn’t help, either. But just remember this: if you’re comparing insurance, price should never be the determining factor. Quality and amount of coverage should be your main focus. But how do you know how much coverage you need?

The biggest part of determining that is to know the value of your home. And we’re not just talking about what it would sell for on the current real estate market or what you paid for it or what you think it’ll be worth in 20 years. We’re talking about what it would cost to rebuild in today’s dollars. You should also take these other factors into consideration:

• What is the total value of your belongings? If you own a lot of expensive electronics or collectible art that could be lost if your home is destroyed, you need adequate coverage for these.
• Your insurer may not be the best person to tell you what your home’s replacement would cost. In order to get an accurate dollar figure, talk to a local construction company instead.
• Consider getting a home appraisal from your mortgage company to help you determine its current market value. Although you should insure yourself for far more, this will at least tell you whether or not you’re underinsured.

Performing a homeowners insurance price comparison is just as easy as comparing auto insurance quotes, as long as you know where to look. Check out www.agentinsure.com to do one or the other, or both at the same time. By combining your home and auto insurance, you could qualify for substantial package savings.

Don’t Forget the Broker

Do not Forget !Shopping for auto insurance or homeowners insurance in California can be a very time-consuming activity. California auto insurance rates and California homeowner insurance rates can vary widely by insurer. There are so many insurance companies that do business in California that an individual may never know if he or she is getting the best deal possible.

One of the ways to avoid all of the confusion of trying to compare different insurance companies is to go to an insurance broker. An independent broker or a broker that only represents one company can be a great source of information when you need to buy insurance.

Brokers are well trained in all aspects of the insurance products that they sell. They must pass vigorous tests and receive a license from the state that certifies that they are qualified to sell a particular line or lines of insurance.

A California auto insurance or homeowners insurance broker can intelligently discuss all of the different types of coverage that might be appropriate for your particular situation. If you have any questions about whether it is wise to buy comprehensive coverage on an old car or what you can do to lower your premiums on your California homeowner policy, your broker can certainly answer them for you.

Going to an Independent Insurance broker in California is a little different than going to a broker dedicated to just one company. You will usually get a lower rate through an Independent broker because they deal with many different insurance companies. On the other hand, dealing with a single, national insurer may provide you with more stability and a wider array of insurance product.

So, in conclusion, if you do not like doing research and do not have the time to shop around, a broker may be the best choice when you need California insurance. You do not pay more for using the services of a broker than doing it yourself. It is also nice to know that you have someone to call just in case you have a problem with your insurance.

Overcoming High Prices for High Risk Drivers

Shopping for automobile insurance for high risk drivers can cause a bit of sticker shock when you receive a quote for coverage. High risk groups include male drivers under 25 years of age, unmarried women under age 21 and anyone with a poor driving record. Premiums can be substantially higher for these groups and in some cases, an insurance company may simply refuse to offer any coverage because they do not want to assume the risk.

All is not lost if you happen to fall into the category of high risk driver. It is usually cheaper for a parent to include a teenage driver on their policy than for the teen to take out their own policy. Once the young man or woman becomes emancipated and living on their own, they will have to fend for themselves and shop around for the best and most affordable coverage.

While many young people are very careful and conscientious, statistically, they fall into a group that tends to have more accidents. Insurance companies do not write insurance policies based on individual records, but rather as a group. Unfortunately, higher insurance rates are a sometimes unfair reality that young drivers must accept.

Those categorized as high risk because of numerous traffic violations, excess points on their driving records or multiple accidents in a short period of time, may have an even more difficult time finding insurance. Every insurance company has different standards and rules for who they will insure. It is to your advantage to shop around and hopefully find a company that will insure you for a reasonable price.

If you have been rejected by at least 2 insurers, you can get basic liability coverage through the Texas Automobile Insurance Plan Association (TAIPA). You will pay higher rates, but you will be able to get the required coverage needed to legally drive in Texas.

Tips for Shopping Cheaper Insurance in Texas

multi cars on  single policyJust about everyone these days has had to pay closer attention to the price they pay for the goods and services they want and need. Whether we are purchasing a plane ticket, buying a TV or shopping for groceries, we are always looking for the best price possible. That is also very true when shopping for insurance. The following are some helpful tips for shopping for cheaper insurance in Texas.

Shop Around

In a competitive market in which there are many insurance companies from which consumers can choose, each insurer may have quite different prices on similar insurance coverage. They may prioritize risk differently when evaluating each person, which can lead to placing that individual in a different risk category. The more one is willing to shop around and compare prices, the better the deal they might find.

Discounts

Texas insurance companies are always offering discounts based on the applicant being able to meet certain criteria. Statistical data shows that people with an unblemished driving record are a better risk than those that have had moving violations or been involved in accidents. They also show that young drivers are high risk, but students that earn high grades in school are lower risk. Look for insurance companies that reward you for your positive actions and activity.

Bundling

Buying insurance coverage for two cars can result in a significant reduction in cost per car for insurance. For example, you might be able to insure one car for $1,000, but if you add a second car, the total bill would only be $1,500. That would work out to $750 for each car insured.

Do Not Buy Too Much Insurance

Some people mistakenly over-insure themselves by buying more insurance than they need. Why pay $200 for comprehensive and collision insurance on a 20-year-old car that is only worth $500. Think before you buy.

Why should you shop for insurance before leasing or financing?

Value for Your Money

Shopping for insurance before buying a vehicle will help you determine what Texas auto insurance companies are offering in the way of discounts. Everyone loves discounts, and you will find it similar to a faithful as an old friend when it puts money back in your pocket. An independent Texas insurance agent can help you know what different insurance companies offer in regards to saving you money. A Texas insurance comparison will help determine who pays you back the most while offering you the same great service you would have paid higher somewhere else.

Shopping around for car insurance will give you a better idea of rates comparison with other vehicles. Do not take the rate from your present insurance company without checking out the price quotes from other agencies. A reputable Texas insurance company will often compete for the same good service for a less monthly premium. Let your favorite Texas car insurance company compete for your service. Go with someone else until your first choice comes down on their prices. Be a savvy Texas insurance market shopper.

You will find out how much insurance will add to your car payments before signing dotted line. You may have an ambition to get that sports car or other type of vehicle that you have had your eyes on for a few weeks. However, you need to compare Texas car insurance rates in order to know how much it’s going to add to the monthly ticket. Otherwise, you may be strapped for cash.