Friday, November 17, 2006

Auto Insurance

Auto Insurance

The Best Way To Get Auto Insurance - Online Of Course!

By Tim Gorman

Looking online for auto insurance has become a notable method of pinpointing the best automobile insurance to suit anyone’s needs. Every year, multiple thousands of drivers consult the web to determine what their coverage will cost them. The next time your auto insurance bill makes its appearance, reflect on whether or not you are receiving the most reasonable interest rates available. You may be shocked to discover that you are not. To be informed about this, just consult with the online community to have your questions answered. So what’s the advantage of going online to procure your auto insurance? The primary reasons for taking this action are to save time as well as save money.

Often, numerous insurers will offer to provide a free, online quote of how they can specifically fill your insurance needs. You can designate and select your own coverage requirements. Try this exercise: diminish then increase the deductible, and see what the insurance will cost. Raise then lower the amounts of coverage they are offering and decide if this might be one of the better ways to go. Furthermore, consider the online quotes that you obtain from such insurance companies and weigh them against the quotes that are available from other auto insurers. Such a practice is the most desirable way to discover exactly what you will have to pay for auto insurance as well as to figure out which of the auto insurance carriers will specifically provide you with the very bottommost of rates.

Automobile insurance is an expense that you cannot avoid. In most locations, it is mandatory by law to obtain auto insurance coverage. Therefore, for many people, discerning the most budget-wise affordability is the best path to pursue. This is why using online services is the most practical method of putting to rest your auto insurance quandary. Such online insurance companies provide reliability and protection equal to that offered by any others and they provide it for considerably less cost. Furthermore, an additional benefit of online insurance companies rests in the fact that the insurance they offer can also be managed directly on the web. Collectively, every one of these points converge to assure the consumer that dealing with online insurance is a much more desirable practice.

For a free money saving auto insurance quote try visiting Free-Money-Saving-Insurance-Quotes.info a website that specializes in providing tips, advice and insurance resources along with free insurance quotes that will save you money on your car insurance, house insurance, life insurance and health insurance.

Auto Insurance

Thursday, November 16, 2006

Insurance Rates

Insurance Rates

Are Your Insurance Rates Higher Because of Your Credit Scores?

By Stephen Snyder

You've probably heard that insurance companies use credit scores to determine whether to even accept you, and if they do accept you, to determine what you'll pay for your premium.

Well, that's almost right.

Insurance companies don't use FICO credit scores. Insurance companies often use credit-based, "insurance scores," to determine if you are eligible for auto or homeowner's insurance, and how much you'll pay.

The scores that insurance companies use are a little different than the scores the lenders use. However, they are similar in that they look at a lot of the same information as the credit scores used to qualify you for a mortgage or credit card.

Just like a credit score, information from your credit reports is summarized into what's called an insurance credit score. Insurance companies use the insurance credit score to draw their own conclusions about you. Regardless of these small differences, your credit score is generally going to be a good indicator of your insurance score.

Each state has its own unique take on insurance scoring. Some states allow insurance companies to use insurance scores to make a decision to grant insurance coverage or not. Other states prohibit it. Still, most states allow some version of a credit score to determine your insurance premium.

To a lot of people, allowing insurance companies to use credit information seems unfair.

For example, a bankrupt person with a stellar driving record could see their insurance rates go up drastically just because the bankruptcy appears on their credit reports and lowers their credit scores and insurance credit scores.

So what's the difference between the scores lenders use and the scores insurance companies use?

Insurance companies do not depend on scores to predict whether or not you'll make your insurance payments on time (like a lender does). They are more interested in whether or not you will be a profitable insurance customer.

And what makes you a profitable insurance customer? You're profitable by paying your premiums and not filing any claims.

You can also be a profitable insurance customer by paying your premiums and not filing any large dollar claims. And that's exactly what they use insurance credit scores to predict.

Lender credit scores are designed to predict whether or not a late payment incident will occur. Insurance credit scores are designed to predict whether or not you will be a profitable customer.

Clear as mud, right?

The bottom line is that the insurance companies say they have been able to prove, time and time again, that there is a strong statistical relationship between your credit management and your likelihood of filing insurance claims.

In addition, insurance companies claim to be able to show that consumers who have lower insurance credit scores cost them more in claims than consumers who have higher insurance credit scores.

What they haven't been able to prove is why there is a connection between credit scores and increased incidences of claims. This is where much of the controversy stems from.

Regardless, insurance companies have a right to use credit information to evaluate your application for insurance. It's called a permissible purpose and it's clearly spelled out in Section 604 of the Fair Credit Reporting Act. It's the law.

Stephen Snyder is the founder of the After Bankruptcy Foundation a non-profit organization that provides free bankruptcy information and recovery steps. Stephen also writes a free weekly newsletter on bankruptcy recovery.

Insurance Rates

Thursday, November 02, 2006

life insurance

life insurance

The importance of life insurance

by SAM LOWE


Life insurance may sound like something you only have to think about when you get older, but there are a variety of benefits to buying life insurance early on in your working career.

Even if you don't have a family that is dependent on you, or if you feel that your employer's life insurance policy is adequate for your needs, there are many reasons why you should consider taking out your own life insurance policy.

If your employer provides you with a life insurance policy, you shouldn’t necessarily rely on it. While many companies may offer life insurance as one of the key benefits of a job, the figure often doesn't cover enough to be of adequate benefit to your family - especially in the event of your death.

For instance, many firms may offer life insurance that is one or two times the amount of your annual salary; but most financial planners will recommend replacing that with life insurance that covers up to 10 times your annual salary.

Furthermore, it is always important for consumers to be aware of types of life insurance they can choose from: essentially, there are two types of life insurance: term insurance or investment type insurance.

Term insurance will provide benefits to your family or your dependents if you die during the proposed period covered by your policy. Investment-type life insurance, also known as, "permanent insurance", will include endowment policies and "whole of life" policies.

This type of life insurance remains in effect for as long as you continue to pay your premium. Essentially, part of this premium will go to an investment account; so, as well as paying out in the event of your death, it will build up in investment value - which you can actually cash in before you die.

This is a great reason to invest in life insurance when you're younger - the earlier you buy, the higher the investment value that will accumulate during your lifetime, and the more you may be able to reclaim when you're older.

Perhaps the most crucial piece of information to keep in mind during your search for life insurance, however, is the importance of shopping around.

It is vital to ensure that the insurance you eventually invest in is the most suitable for your particular needs; so, as well as thinking about how much you can afford to pay, it is essential to think about what you actually need from life insurance cover.

There are many consumer life insurance comparison sites that exist on the web which provide this valuable service.

By utilising such services, as well as vital sources of information like the FSA Check Firm Service and the Citizens Advice Bureau, you will be armed with a hefty arsenal of consumer information so you can reach the right decision when it comes to buying life insurance.

life insurance

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