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?
One of the most important insurance policies that you can have is your home insurance, mostly because this policy is responsible for rebuilding your home if it gets destroyed, repairing your home after a disaster, and even reimbursing you for any items that may be stolen during a break-in. Listed below are three tips you can follow that can save you money on your home insurance policy. Secure Your Home One of the easiest ways to save money on your home insurance policy is to simply find ways to secure your home.
Getting car insurance in a new state isn't as simple as changing your address. Here are the steps that come with changing over your car insurance. Checking Your Current Policy First of all, you will want to check on your current insurance policy to see what its terms are about switching or dropping the policy. Your auto insurance carrier may be able to provide you with insurance in your new state.
The purpose of life insurance is to give the beneficiaries financial help in the event that the person who holds the policy passes away. If you're the beneficiary of someone's life insurance policy, it's possible that you were never notified of your pay out and it was forgotten about. One out of 600 people never receive their benefits, so it's possible that you were listed as the beneficiary of a policy and was never notified about how to receive it.
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.
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.