What insurance to buy and what insurance not to buy

When you talk about auto insurance, there is the obvious things, your house, your cars, your health, your life but in actuality, you can insure almost anything. Your wedding to your pet, of course you probably cannot afford all of these insurance.

The insurance industry is happy to sell you insurance just about anything you want. There are four things you need to keep in mind regarding insurance.

The first one is to cover big risks, only risk that will financially devastate you need to be insure. For example, if you are the breadwinner of the house with kids, get life insurance for yourself so your dependents can take care of themselves and pay the bills if something happen to you. Read more ›

Saving money on auto insurance

Here are six inside tips on how you can save money on your auto insurance.

1. The first tip is to raise your deductibles. These are the amount you will have to pay out of your pocket before the insurance company pay anything. For example, raising your deductible from $100-$500 may reduce your premium up to 20%. If you increase your deductible to $1000, you may be able to save 25% to 30%.

It may pay to pay for fender bender yourself.

2. The second tip is to drop collision and comprehensive coverage if you drive older car. If your car is not worth much, you probably will replace it if it is badly damage. Read more ›

Getting estimate for your car insurance

What is car insurance estimate and why do people need car insurance estimate? Do people really need to get car insurance estimate? How to get the best deal and discount on car insurance estimate? These are some of the questions many people have about car insurance estimate.

People need to have car insurance estimate because there are many different car insurance agencies offering different policies and different prices. Anyone who does not want to waste money, then getting car insurance estimate is a must to avoid wasting extra money. Read more ›

Junk mail from Auto Insurance Marketers

How auto insurance agencies use mails to market their products

Since the beginning we have been receiving “Junk mail” sent by the insurance companies. The auto insurance industry called it direct mail and much of that direct mail ends up in the trash before it was even open.

More about auto insurance Junk mail

In 2007, Direct Marketing Association (DMA) says the insurance companies spent over $6.81 billion in advertising through the mail. Also, the cost of advertising through mail is expected to increase by 7.6% each year to 2012. Read more ›

How to get cheap car insurance for young drivers

Younger drivers under the age of 25 are at higher risk for car accidents, which is why people under 25 years old pay more premium on their car insurance. People under 25 are less experience in driving than older drivers; however, there are ways to get cheaper car insurance for people under 25.

One of the ways to get cheap car insurance for people under 25 is to get driving lessons. Car insurance companies usually state which driving lessons would qualify a young driver for car insurance discount. Also, if the young driver finishes the driving courses and have good grades at school. Many of the US car insurance companies would offer the young driver a discount. Read more ›

9 tips on how to lower your car insurance cost.

If you are looking for a way to save on your car insurance cost, you have come to the right place. Below are 9 tips on how to save you money on your car insurance.

Just imagine what you can buy every month if you didn’t have to spend extra money on your car insurance. There are a few things you can do to low your monthly car insurance cost. All you got to do is try them out; there is no guarantee if all of the tips will work. But all the tips below have work for many other people, and all you have to do is read it and try it out. Some people can even save up to 50% of their car insurance cost. You got nothing to lose.

Tip #1: Always shop around for different car insurance quotes

From GEICO advertisements, they say you can save 15% on your car insurance. But you will never more how much more you can save if you don’t look around. You may be getting a better deal somewhere else. If you haven’t been shopping around for you car insurance cost in the past 12-24 months, you are probably paying too much.

Tip #2: Drive safe, have a clean driving record

Bad driving is expensive because car insurance sees you as a high risk driver.

Slow down when you are driving, there is no need to really go past the speed limit, watch for red lights and stop signs. If you have a clean driving record with no at fault accidents or speeding tickets for 3 years, you should see your car insurance cost drop. Read more ›

Car insurance rating system

Here we will discuss the rating system for insurance companies. First, there is the best score, AAA. The insurance companies with a score of AAA have a very strong security aspect designed to keep their finances safe. Any financial difficulties are very unlikely to hit this insurance company in almost any economic situations.

An insurance company with a score of AA also has a very strong financially. There are some differences between AAA and AA ratings.

An A rating means that insurance company financial security is good, but they may have some trouble in bad economic times like a recession.

Also, A B+ or BBB rating means the insurance company has good financial security but problems can arise if we are in bad economic or business conditions.

Remember these ratings are only applied to insurance companies’ financial security.