We always take things for granted! I learned a lesson recently when I finally indulged and treated myself to a long time dream of owning a convertible 2-seater. Of course buying the car was only part of the issue. Saving, planning and finding the right car made that possible. But here comes the reality: insurance. Of course if you have an older sensible 4-door sedan your insurance can be reasonable in most companies, but an expensive sports car is another story.

So when I bought the car I added it to my current car insurance of course the payment went up. But here comes the best part and how things changes. Usually, every few years, I shop around for insurance and it is always a hassle. I usually make a list of companies I know, usually brand names: State Farm, Allstate, AAA, Geico. Then comes the hurdle of contacting each representative, waiting on the phone or worse if you request a quote by mail you never know when you will hear back. Each person asks you to repeat the same information and the limits for liability and comprehensive and deductibles. Continue reading ‘How To Save On Auto Insurance’ »

A familiar theme amongst brokers (not Think Insurance of course!) this year seems to be a rise in Motor Trade Insurance premiums. Why you may well ask? Well, there are several reasons and hopefully the details below may shed some light on them for you.

The simple truth is a lot of insurance companies have been making losses for the last couple of years. Several insurance companies have pulled out, are selectively pulling out, or are raising their premiums across the spectrum. An example of this is HSBC, with whom a lot of you were/are insured with. They pulled out last year leaving a giant hole, and many brokers the headache of placing this type of trade business this year for prices similar to last year – no easy task when HSBC were one of the cheapest insurers in the land!

Other insurance companies blame the rise in premiums on personal injury claims and fraud.This is not only true for your policies, but for the general public aswell. The AA states that the average comprehensive car cover rose a whopping 18 per cent in 2009 alone – with more rises in 2010 expected! Continue reading ‘Has Your Trade Insurance Gone Up?’ »

There is a good chance that you are spending hundreds, possibly thousands of dollars on your car insurance annually. Please take a moment and think about what percentage of your income is allocated to car insurance premiums, and now you understand how crucial it is to educate yourself with some basic knowledge of car insurance and proper coverages. This article is not meant to be a detailed breakdown of your specific policy, but has the purpose of assisting you in being more informed the next time you make decisions about your car insurance coverage. After reading, please do yourself a favor and review the specifics of your current auto insurance policy.

Worst case scenario, you are driving your car, you cause an accident that results in major injuries to yourself and the other persons involved in the accident, as well as significant damage to both vehicles: Are you confident that your car insurance policy has adequate coverage for the damages, potential hospital bills, and possible legal fees? By maintaining the proper coverage and limits on your policy you may be able to eliminate or reduce the risk of major financial catastrophe. Continue reading ‘Car Insurance – The Basics’ »

People need medical insurances. However, because of usually high premiums, many decide not to take any insurance at all. In the end, most who decide not to invest in health care insurances shoulder greater expense. Are you among those people who find expensive premium rates as major setbacks? Here are ways on how you could effectively get more affordable individual health insurance premiums.

Consider health insurance plans with much higher deductibles. Deductibles are amounts you commit to shoulder on your own especially when there is a need to claim for insurance claims. Such amounts are usually equivalent to thousands of dollars. The higher the deductibles get, the lower are the premiums. This is because insurers consider how much savings they could generate when you decide to shoulder a significant amount in claims. In general, deductibles get advantageous when you need cheaper premiums and you do not get to use the insurance in the near term. Continue reading ‘Effective Ways for Affordable Individual Health Insurance Premiums’ »

There’s no two ways about it: today’s economic climate is uncertain at best. If you’re like millions of other Americans, you’re looking for ways to save a bit of money. Worryingly, many are looking at automobile insurance as a possible way to save money. More than ever, people are choosing less coverage or even going without insurance entirely, hoping that they won’t be involved in an accident and therefore won’t need it. Unfortunately, hoping you’re not in an accident just isn’t enough.

According to a recent study, the number of people nation-wide who are going without auto insurance altogether is ballooning. One group expects 2010 to see as many as 16.3% of motorists uninsured. That means, of the 254.4 million passenger vehicles in the United States, as many as 41.5 million may be without insurance. With this many uninsured vehicles on the road, more insurance may actually end up being the better way to save money.

Saving Money

When looking at how steep insurance premiums can be, our natural reaction may be to choose less coverage as a way of saving money. But going with less coverage may actually end up costing you more, because you may not have the protection you think you have. Bare-minimum auto insurance may end up costing you more money and assets than you can afford. Continue reading ‘How Much Insurance Do I Really Need?’ »