Determining how much you will pay for your auto insurance policy is not easy to do on your own. The methods insurance companies use for calculating premiums are complex and involve dozens of different factors. Some of the factors that affect your rates include the type of car you have, your driving record, and the number of miles you drive, but did you realize that your age, gender, and marital status are also factors that play a role in your auto insurance premiums?
Did you know that drivers with disabilities often pay more for auto insurance than drivers without disabilities? It's true – in fact, one New York study showed that drivers with disabilities paid as much as 28% more than nondisabled drivers. Of course, the American Disabilities Act prevents discrimination based on disabilities, and insurance companies are not permitted to consider disabilities as a factor when setting your auto insurance rates. But certain factors, like expensive-to-insure modifications to make a car accessible to a driver with disabilities, can make car insurance more expensive anyway.
When shopping for home insurance, there are a number of ways to reduce your premiums. Increasing your deductibles, changing coverages and selecting lower limits can all lower how much you pay for your insurance policy. These are just a few of the ways you can lower your home insurance premiums. If you're about to buy a house, here are four other ways you can get lower home insurance quotes on a policy for your new home.
Auto insurance may be mandatory, but it does not have to destroy your budget. If your car insurance premiums have been more expensive lately, it's time to sit down and figure out why your costs are so high. Whether your high auto insurance is due to bad credit or speeding tickets, you can reduce the costs. Here is some helpful advice on how to make car insurance more affordable: Take a Defensive Driving Course
Buying auto insurance can be a bit tricky at times, especially if there are special circumstances surrounding your vehicle and its ownership status. For instance, you might have a co-signer who'd be on the hook for any remaining balances if you wreck your vehicle. In other cases, a spouse could have their own insurance policy on the vehicle you're currently driving, despite having your own insurance. While you understand the importance of having auto insurance coverage, you're probably wondering if a co-signer or lienholder needs to attach a separate policy of their own onto the same vehicle in order to cover their potential losses.
After we purchased our first home, we realized that it might be a good idea to evaluate our insurance coverage. Although we had purchased homeowners insurance before, we had never owned a policy as large as the one we would need for our new place. Also, our new home had a trampoline and a swimming pool, which made us worried about liability. To iron out the details, I decided to meet with our insurance agent. We talked about things like monthly premiums, coverage limits, and deductibles, and it was incredible to learn more about the terminology. This blog is designed to help you with the same types of questions.