Some Tips for Insured on Keeping Your Auto Insurance Premium Rates Down

admin — Mon, 11 Jan 2010 23:44:12 +0000

There are so many ways that you can use to keep your auto insurance rates down and some of them you can use at the same time as other discounts to maximize your savings.

Here are some things that you can ask your auto insurance company for:

- Ask if you can receive a discount if you have more than one type of insurance with their company. For instance, you may find that you can have your auto insurance and your homeowner’s insurance with this company and they will provide you with a combined discount. Carry all of your insurance policies with them, such as auto, home, and life and you may find that you can get even more money off.

- If the driver of the car is a student or is listed as a driver on the car, you may find that you can get a good student discount. This is where the student maintains at least a B average on their report card. You may be required to take that report card to the automobile insurance company each time it comes out, but it really pays off. If grades go down, the discount may disappear until the grades go back up.

- See if there are any safe driver discounts available. When you haven’t had a ticket or an accident, you may find that there are discounts available for you.

- If you are a senior citizen and you’ve not had any accidents in a specific amount of time, there may be discounts available to you.

- You can always raise your deductible to cheaper car insurance premium online from auto insurer. However, you need to keep in mind that doing so will result in a higher out-of-pocket expense if an accident does occur. The standard deductible is $500, but some individuals will go as high as $2,000 to save some money on their premium. If you can pay $2,000 if an accident occurs, then that will work fine. Just make sure your deductible is not higher than what you can afford in case damage is done to your car and you need to pay it.

- You may wish to shop around. You may find a company that offers the same coverage for a lower price. You always want to compare before you make a commitment.

You want to use all of these tips so that you can save yourself quite a bit of money.

When finding the right company to do business with, it is very important that you compare. You can do this by calling companies and recording the different rates that they quote you. You can also do this by going to their websites and filling out the forms on their websites to receive quotes for the auto insurance you want. This allows you to compare in a much easier way. Take all of that information and make an informed decision.

Willie James is a car insurance expert of CAR INSURANCE NEWS agency. His job is to analyze online auto insurance company’s information and publish different reviews for Federal Insurance Bureu (FIB) in Moscow, Russia. His hobbies are organic synthesis in chemistry laboratory and styding a psychodelic plants like Salvia Divinorum (Shalfey) and another entheogens and exotic plants.

Premium tax would hike health-insurance costs

admin — Fri, 01 Jan 2010 15:18:59 +0000

Why? Because Congress wants to levy a $6. 7 billion premium tax on all private health plans each year for the next decade to pay for reform. That’s a $67 billion tax. Health plans will have no choice but to pass these costs on to the consumer. This tax will make it tougher for families to afford coverage, increase the difficulty for small-business owners trying hard to insure workers, and stifle job creation. In Florida, small businesses are the bedrock of our economy. This tax will hit our economy especially hard. It’s just not what families and small businesses need as they dig their way out of a severe recession. The Congressional Budget Office evaluated this tax and found it will lead to “higher premiums for private coverage. ” The nonpartisan CBO estimated that premiums for individual coverage could rise by as much as 13 percent. This tax also might be disruptive to policyholders, because it could damage the ability of health plans to deliver all the benefits that members expect. That’s because Congress is ready to impose this health-insurance tax in 2010. That’s after families have already signed up for coverage for next year, and after small businesses have already negotiated coverage contracts. The result? Health plans may not receive enough premium to cover the costs of the massive tax, and benefits might suffer. Unfortunately, health plans have been demonized in the pursuit of reform. But in reality, it’s not true to claim that health plans make a lot of money; their profit margins are actually pretty small. In 2008, private health plans made $8. 61 billion in total profits nationally, according to Forbes magazine. The industry’s profit margin was just 2. 2 percent, ranking health plans 35th out of 53 industries in terms of profitability. As the president and CEO of SantaFe HealthCare — the parent company of AvMed Health Plans — I am truly concerned by this proposed tax. As one of Florida’s oldest and largest nonprofit health plans, AvMed reinvests its earnings each year to continually improve on the benefits and services it offers to members in Orlando and elsewhere. Obviously, a health-insurance tax that wipes out most of our annual earnings is counterproductive to our mission. Surely, congressional leaders must grasp that this tax doesn’t make sense. There are better ways to pay for the systemic health-care reform that AvMed and other health plans support. Instead of taxing health insurance, Congress should focus on the underlying costs of medical care. We can achieve huge cost savings by ending unnecessary treatments and services, rooting out rampant fraud and ending frivolous medical lawsuits filed by trial lawyers. Health reform shouldn’t hurt Florida’s families and small businesses. It shouldn’t hamper the ability of health plans to provide benefits. Time’s running out. Please contact your congressional representative and Florida’s two senators today. Ask them to vote against this harmful health-insurance tax. We can achieve true, lasting reform in better ways.

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Some Tips for Insured on Keeping Your Auto Insurance Premium Rates Down

Premium tax would hike health-insurance costs