Jan 12

Cheap Life Insurance – a Few Tips on Getting a Lower Term Life Insurance Premiums

You do understand how imperative it is to have life insurance policy for your family’s financial security; however you don’t want to pay for something you don’t expect to take advantage of it anytime almost immediately. Several individuals prefer term life policies since the rates are a lot lesser than whole life policies. On the other hand, there is a huge variation in the premium rates for term life policies relying on a few aspects. Here we discuss a few of the top aspects to think about as you try to get a lower term life insurance premium rate for best possible life insurance policy.

The first one is your physical condition and fitness level. You can’t get the lower term life insurance premium rates if you are not in excellent physical condition and live a reasonably fit standard of living. Nearly all insurance companies take your physical condition and everyday life into consideration while deciding the premiums. So, if you are overweight, smoke cigarettes or consume tobacco products and alcoholic drinks and lead a fast life you will have to pay more. In a few cases you could be denied or refused for the cover you need. So, quit smoking and drinking, lose weight and provide evidence to the insurance company that you are in good physical shape and lead a risk-free life and you could be offered cheap rates on your policy.

Next, check out if you are insured for any other type of insurance policy through the life insurance company you are considering applying to. It’s normal for every business to award royalty discounts to old customers same is true with insurance companies, they offer a great deal lower rates for term policies, or any type of life insurance, to individuals who previously have a different kind of insurance policy with the company. So, find out with which company you have your auto insurance, renters insurance or medical insurance is and opt for the same company to get lower rates on your term life premiums.

The third is the amount of cover you want. Decide on realistically on the amount of money or the payout you want your family to collect if you were to breathe your last breath at some point in the term of policy. The higher the payout, the higher the premium rates will be, for that reason, decide on a payout amount or sum assured that provides immediate security however don’t go to extremes, one which you can’t afford. Also after initial setback your family will learn to live without your help and get back to normal by earning for themselves.

Finally, carry out an extensive research on several life insurance policies offered by several different life insurance companies that are now available in the market by logging onto the internet. Search with your favorite search engine for “cheap life insurance” go through the results you are sure to find several insurance websites that offer free online life insurance quotes, besides offering life insurance calculator compare quotes from different companies and different life insurance policies to get lower term life insurance premium rate for best possible deal.

Jan 05

Pennsylvania Auto Insurance – Some Tips to Saving on Your PA Auto Insurance

Today, the majority of the people in Pennsylvania complain about all the negative things hampering their auto insurance experience. But nothing is more cumbersome than the increasing costs of auto insurance in Pennsylvania. Though sounds a bit surprising, a typical auto insurance policy in PA costs several hundred bucks at least per year. Things depend a lot on your current age though, but other critical factors like your driving records can influence the level of your auto insurance premiums per year. How could Pennsylvanians slash off their annual premiums? We’re about to show a few viable avenues to you.

Shop around

Among the most effective and essential ways to get cheaper auto insurance is shopping around. The high time to explore your choices is when the current auto insurance policy is about to expire. So look before you renew, especially when you discover that the current insurer has raised the premiums. And you could be more surprised when you come to know that that auto insurance premiums on exactly the same coverage could vary extensively (would you believe hundreds of bucks) between diverse insurers. This is the case even in those states which regulate the rates of their auto insurance companies.

Increase your deductible

For a lot of people in PA, pushing up the amount of deductible on the auto insurance could be the best way to slash off the total policy cost. At times, you’ll be able to reduce the yearly premium by as much as 10% or even more by increasing your deductible. You would be stunned to see how a simple ‘$250 to $500’ increase in the deductible can lower your premiums. Doing this could help you ensure that you will manage to deduct larger chunk of money over time.

Keep both eyes on credit report

The credit history happens to be among the most important information sources that help the majority of the auto insurance carriers. Some studies revealed that a connection exists between the credit history and all the underlying risk to the insurance company. By paying the bills timely and carefully maintaining a solid credit history, you will be able to enjoy much lower PA auto insurance rates.

Avoid using the car for any commercial purposes

As work-related driving usually imposes a much higher premium compared to private or pleasure driving, avoid using the car for commercial or business purposes.

Use a low-profile vehicle

Whether you like it or not, cars could be (and usually are) rated on the basis of the risk scale. Generally, sports cars or other higher performance cars along with especially those flashy, luxury vehicles are ‘blacklisted’ as high risks vehicles. That’s because they’re the prime targets for robbers, thieves or vandals. Statistically, people owning those cars tend to keep driving them more recklessly. When you own this type of a vehicle, you’ll end up paying a much higher premium compared to those regular vehicles like station wagons, sedans, or similar lower risk vehicles.

Dec 27

Classic Car Insurance-Tips For Finding Insurance For Your Classic Car

No matter what kind of car you own, having a car insurance policy for it is absolutely necessary if you are to protect yourself from any unexpected expenses that might come with accidents caused by or caused on your vehicle. It even becomes more important to have a special kind of protection when you own a classic car since the repairs that you might have to deal with when your car figures in an accident would most likely be expensive. You have to make sure that your protection adequately covers your vehicle. There is nothing that you would regret more than having to shell out all that money for repairs just because you neglected cover your car with a classic car insurance policy.

There are varying definitions of what constitute a classic car. Different insurance companies would have their own guidelines and categories for these cars. The age and the number of cars of the same kind ever manufactured and still on the road are often the considerations in classifying cars as classic or vintage. Not a whole lot of insurance companies offer classic car insurance. If you are to get one for you classic car, you have to search for these insurance companies and do your research as to the differences between a classic car insurance and your regular car insurance policy. Ask around to see which insurance companies give the best coverage at the most affordable costs.

Here are some tips that could help you in your search for a good car insurance coverage for your classic car:

1. Find out which category your classic car falls under. Classic and vintage cars made no later than the early seventies going back to the period right about the end of World War II fall under anyone of the four categories in as far as car insurance is concerned. Your classic car could be Veteran, Edwardian, Vintage, or Classic in classification. A fifth category is added for collectible rare cars that are about five to ten years old. These are classified as Cherished cars. Car insurance companies offering insurance coverages for classic cars could cover any one or several of these types of cars.

2. Determine what value to put in your car insurance coverage. Unlike ordinary car insurance, you can actually name the value of your car to put down as your insurance coverage. The Agreed Value for which the classic car is insured will be the maximum amount that the insurance company will give you in case of a claim. It is important to have your classic car’s appraisal up-to-date so you know how much it is worth at market value. The Agreed Value may be changed depending on the car’s condition upon renewal of your car insurance policy.

3. Know if there are limitations as to your classic car’s usage and storage under your car insurance policy. Insurance policies for classic cars often have restrictions on them. These limitations could consist of mileage restrictions and a garage lock-up. Limiting your mileage could work to your favor too. If you initiate an agreement to drive to a lower mileage limit, you could cut your premiums back by about 5%. If you plan to participate in car shows and other car events, you have to make sure that your insurer knows about this as this could affect your coverage. Make sure also that both you and your insurer agree as to the storage conditions of your classic car.

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