Sunday, August 22, 2010
Saturday, August 7, 2010
Auto Insurance Principles Should Apply to Health Insurance
Many Americans rely on their automobiles to get to work. Auto Insurance Principles No automobile means no job, no rent or mortgage money, no food. A single parent, struggling to make ends meet in the suburbs with 100,000 miles on the odometer, would presumably welcome the guaranteed opportunity for low-priced insurance that would take care of every possible repair on her auto until the day that it reaches 200,000 miles or falls apart, whichever comes first. Especially if the Auto Insurance Principles is valid regardless of whether she even changes the oil in the interim.
So why aren't the auto insurance companies writing such coverage, either directly or through used auto dealers? And given the importance of reliable transportation, why isn't the public demanding such coverage? The answer is that both auto insurers and the public know that such insurance can't be written for a premium the insured can afford, while still allowing the insurers to stay solvent and make a profit. As a society, we intuitively understand that the costs associated with taking care of every mechanical need of an old automobile, particularly in the absence of regular maintenance, aren't insurable. Yet we don't seem to have these same intuitions with respect to health insurance.
If we pull the emotions out of health insurance, which is admittedly hard to do even for this author, and look at health insurance from the economic perspective, there are several insights from auto insurance that can illuminate the design, risk selection, and rating of health insurance.
Auto insurance comes in two forms: the traditional insurance you buy from your agent or direct from an insurance company, and warranties that are purchased from auto manufacturers and dealers. Both are risk transfer and sharing devices and I'll generically refer to both as insurance. Because auto third-party liability insurance has no equivalent in health insurance, for traditional auto insurance, I'll examine only collision and comprehensive insurance -- insurance covering the vehicle -- and not third-party liability insurance.
Bumper to Bumper
The following are some commonly accepted principles from auto insurance:
* Bad maintenance voids certain insurance. If an automobile owner never changes the oil, the auto's power train warranty is void. In fact, not only does the oil need to be changed, the change needs to be performed by a certified mechanic and documented. Collision insurance doesn't cover cars purposefully driven over a cliff.
* The best insurance is offered for new models. Bumper-to-bumper warranties are offered only on new cars. As they roll off the assembly line, automobiles have a low and relatively consistent risk profile, satisfying the actuarial test for insurance pricing. Furthermore, auto manufacturers usually wrap at least some coverage into the price of the new auto in order to encourage an ongoing relationship with the owner.
* Limited insurance is offered for old model autos. Increasingly limited insurance is offered for old model autos. The bumper-to-bumper warranty expires, the power train warranty eventually expires, and the amount of collision and comprehensive insurance steadily decreases based on the market value of the auto.
* Certain older autos qualify for additional insurance. Certain older autos can qualify for additional coverage, either in terms of warranties for used autos or increased collision and comprehensive insurance for vintage autos. But such insurance is offered only after a careful inspection of the automobile itself.
* No insurance is offered for normal wear and tear. Wiper blades need replacement, brake pads wear out, and bumpers get dings. These aren't insurable events. To the extent that a new car dealer will sometimes cover some of these costs, we intuitively understand that we're "paying for it" in the cost of the automobile and that it's "not really" insurance.
* Accidents are the only insurable event for the oldest automobiles. Accidents are generally insurable events even for the oldest autos; with few exceptions service work isn't.
* Insurance doesn't restore all vehicles to pre-accident condition. Auto insurance is limited. If the damage to the auto at any age exceeds the value of the auto, the insurer then pays only the value of the auto. With the exception of vintage autos, the value assigned to the auto goes down over time. So whereas accidents are insurable at any vehicle age, the amount of the accident insurance is increasingly limited.
* Insurance is priced to the risk. Insurance is priced based on the risk profile of both the automobile and the driver. The auto insurer carefully examines both when setting rates.
* We pay for our own insurance. And with few exceptions, automobile insurance isn't tax deductible. As a result, the fear of increasing insurance rates due to traffic violations and/or accidents changes our driving behavior and we sometimes select our automobiles based on their insurability.
Each of the above principles is supported by solid actuarial theory. Although most Americans can't describe the underlying actuarial theories, most everyone understands the above principles of auto insurance at the intuitive level. For sure, as indispensable automobiles are to our lifestyles, there is no loud national movement, accompanied by moral outrage, to change these principles.
Unsustainable Market
In contrast, similar principles are routinely violated in health insurance. To demonstrate this, let's return to the same suburban mother from the opening paragraph. She's busy working, driving to and from work, and driving her kids to school and activities. She ends each day exhausted, sitting on the couch with fast food. She's obese, has a sedentary life, a bad diet, and hasn't taken the time to go to the doctor in years. After a simple injury doesn't heal for weeks, she turns up at the emergency room and learns she has type II diabetes. Although type II diabetes is controllable, changing diet and exercise habits and properly tracking her condition takes time and effort and she's never quite successful in implementing the necessary lifestyle changes.
So the initial emergency room visit is only the first of a long list of health care related to non-controlled diabetes and other problems associated with obesity. Whether she has individual or group insurance, her insurance pays for each episode of care, without singling her out for a premium increase, and without charging her any more cost sharing than is charged to the healthiest and most medically diligent insureds. Her coverage continues until she voluntarily changes insurance companies and/or employers or becomes eligible for Medicare. If she's covered under group insurance she may not even pay any premium. Her insurance continues unabated, even though the disease was caused by neglecting her body and she maintains her poor lifestyle even after the disease becomes known.
This just wouldn't happen in auto insurance. This scenario is the auto insurance equivalent of guaranteed access to low-priced auto insurance that takes care of every possible repair, including damage already done, until the day the car falls apart so completely it's unsalvageable (death) or reaches 200,000 miles (Medicare), regardless of whether she even changes the oil (takes care of herself) in the interim.
As a society, we don't expect this in private-market auto insurance, but we expect it in private-market health insurance. Furthermore, there's a chorus of national and state interests, which continuously pushes us further away from the auto insurance principles.
The current private health insurance market isn't sustainable. Prices have been consistently increasing faster than inflation for decades. Each year, insureds use more health care than ever before and more people have no insurance at all. Most actuaries and other people in the private health insurance market don't want national health insurance with its bureaucracy and one-size-fits-all benefits. Yet, we're trying to sustain a private insurance system, which violates the very principles we know are necessary for private insurance markets.
Yes, health insurance involves the sacredness of human life and is therefore different from auto insurance. But if we're to sustain a private-market solution to health insurance, actuaries need to explain to the larger society, in terms that society understands, the rationale for the following principles:
* As sacred as health care is, it's still an economic transaction that has to be balanced by individuals and societies, against other economic choices. It can't be unlimited. Sometimes it will be secondary to other choices. On a given day, for example, the mother in our scenario may value her car more than her health.
* Insurance premiums should be paid by the individual and tied to controllable risk factors. This will provide the best incentive for the control of risk factors.
* Although it's hard to draw the line between abuse, neglect and ignorance, self-abuse shouldn't be insured and we need to draw that line somewhere.
* The private market can't provide unlimited, self-directed health insurance.
* Routine care and ongoing treatments of chronic conditions can be pre-funded, can even be subsidized, but they don't constitute "insurable events."
* Insurance can't be expected to keep every human body in pristine condition. No amount of health care will prevent everyone's ultimate death.
* Comprehensive, unlimited, non-subsidized private-market coverage isn't possible for people with severely impaired health.
* The private health market can provide limited non-subsidized health insurance, such as protection from accidents, to even health-impaired individuals.
* Individuals who can afford to do so and who take good care of themselves should be able to "buy up" to better coverage. People have the option of buying up for everything else in life.
Discussion of these principles is lacking from most of the current health insurance debate. If society can intuitively understand how similar principles apply to health insurance, then they should be able understand the principles in the health insurance context. We need to initiate the debate.
Read More about Auto Insurance Principles
So why aren't the auto insurance companies writing such coverage, either directly or through used auto dealers? And given the importance of reliable transportation, why isn't the public demanding such coverage? The answer is that both auto insurers and the public know that such insurance can't be written for a premium the insured can afford, while still allowing the insurers to stay solvent and make a profit. As a society, we intuitively understand that the costs associated with taking care of every mechanical need of an old automobile, particularly in the absence of regular maintenance, aren't insurable. Yet we don't seem to have these same intuitions with respect to health insurance.
If we pull the emotions out of health insurance, which is admittedly hard to do even for this author, and look at health insurance from the economic perspective, there are several insights from auto insurance that can illuminate the design, risk selection, and rating of health insurance.
Auto insurance comes in two forms: the traditional insurance you buy from your agent or direct from an insurance company, and warranties that are purchased from auto manufacturers and dealers. Both are risk transfer and sharing devices and I'll generically refer to both as insurance. Because auto third-party liability insurance has no equivalent in health insurance, for traditional auto insurance, I'll examine only collision and comprehensive insurance -- insurance covering the vehicle -- and not third-party liability insurance.
Bumper to Bumper
The following are some commonly accepted principles from auto insurance:
* Bad maintenance voids certain insurance. If an automobile owner never changes the oil, the auto's power train warranty is void. In fact, not only does the oil need to be changed, the change needs to be performed by a certified mechanic and documented. Collision insurance doesn't cover cars purposefully driven over a cliff.
* The best insurance is offered for new models. Bumper-to-bumper warranties are offered only on new cars. As they roll off the assembly line, automobiles have a low and relatively consistent risk profile, satisfying the actuarial test for insurance pricing. Furthermore, auto manufacturers usually wrap at least some coverage into the price of the new auto in order to encourage an ongoing relationship with the owner.
* Limited insurance is offered for old model autos. Increasingly limited insurance is offered for old model autos. The bumper-to-bumper warranty expires, the power train warranty eventually expires, and the amount of collision and comprehensive insurance steadily decreases based on the market value of the auto.
* Certain older autos qualify for additional insurance. Certain older autos can qualify for additional coverage, either in terms of warranties for used autos or increased collision and comprehensive insurance for vintage autos. But such insurance is offered only after a careful inspection of the automobile itself.
* No insurance is offered for normal wear and tear. Wiper blades need replacement, brake pads wear out, and bumpers get dings. These aren't insurable events. To the extent that a new car dealer will sometimes cover some of these costs, we intuitively understand that we're "paying for it" in the cost of the automobile and that it's "not really" insurance.
* Accidents are the only insurable event for the oldest automobiles. Accidents are generally insurable events even for the oldest autos; with few exceptions service work isn't.
* Insurance doesn't restore all vehicles to pre-accident condition. Auto insurance is limited. If the damage to the auto at any age exceeds the value of the auto, the insurer then pays only the value of the auto. With the exception of vintage autos, the value assigned to the auto goes down over time. So whereas accidents are insurable at any vehicle age, the amount of the accident insurance is increasingly limited.
* Insurance is priced to the risk. Insurance is priced based on the risk profile of both the automobile and the driver. The auto insurer carefully examines both when setting rates.
* We pay for our own insurance. And with few exceptions, automobile insurance isn't tax deductible. As a result, the fear of increasing insurance rates due to traffic violations and/or accidents changes our driving behavior and we sometimes select our automobiles based on their insurability.
Each of the above principles is supported by solid actuarial theory. Although most Americans can't describe the underlying actuarial theories, most everyone understands the above principles of auto insurance at the intuitive level. For sure, as indispensable automobiles are to our lifestyles, there is no loud national movement, accompanied by moral outrage, to change these principles.
Unsustainable Market
In contrast, similar principles are routinely violated in health insurance. To demonstrate this, let's return to the same suburban mother from the opening paragraph. She's busy working, driving to and from work, and driving her kids to school and activities. She ends each day exhausted, sitting on the couch with fast food. She's obese, has a sedentary life, a bad diet, and hasn't taken the time to go to the doctor in years. After a simple injury doesn't heal for weeks, she turns up at the emergency room and learns she has type II diabetes. Although type II diabetes is controllable, changing diet and exercise habits and properly tracking her condition takes time and effort and she's never quite successful in implementing the necessary lifestyle changes.
So the initial emergency room visit is only the first of a long list of health care related to non-controlled diabetes and other problems associated with obesity. Whether she has individual or group insurance, her insurance pays for each episode of care, without singling her out for a premium increase, and without charging her any more cost sharing than is charged to the healthiest and most medically diligent insureds. Her coverage continues until she voluntarily changes insurance companies and/or employers or becomes eligible for Medicare. If she's covered under group insurance she may not even pay any premium. Her insurance continues unabated, even though the disease was caused by neglecting her body and she maintains her poor lifestyle even after the disease becomes known.
This just wouldn't happen in auto insurance. This scenario is the auto insurance equivalent of guaranteed access to low-priced auto insurance that takes care of every possible repair, including damage already done, until the day the car falls apart so completely it's unsalvageable (death) or reaches 200,000 miles (Medicare), regardless of whether she even changes the oil (takes care of herself) in the interim.
As a society, we don't expect this in private-market auto insurance, but we expect it in private-market health insurance. Furthermore, there's a chorus of national and state interests, which continuously pushes us further away from the auto insurance principles.
The current private health insurance market isn't sustainable. Prices have been consistently increasing faster than inflation for decades. Each year, insureds use more health care than ever before and more people have no insurance at all. Most actuaries and other people in the private health insurance market don't want national health insurance with its bureaucracy and one-size-fits-all benefits. Yet, we're trying to sustain a private insurance system, which violates the very principles we know are necessary for private insurance markets.
Yes, health insurance involves the sacredness of human life and is therefore different from auto insurance. But if we're to sustain a private-market solution to health insurance, actuaries need to explain to the larger society, in terms that society understands, the rationale for the following principles:
* As sacred as health care is, it's still an economic transaction that has to be balanced by individuals and societies, against other economic choices. It can't be unlimited. Sometimes it will be secondary to other choices. On a given day, for example, the mother in our scenario may value her car more than her health.
* Insurance premiums should be paid by the individual and tied to controllable risk factors. This will provide the best incentive for the control of risk factors.
* Although it's hard to draw the line between abuse, neglect and ignorance, self-abuse shouldn't be insured and we need to draw that line somewhere.
* The private market can't provide unlimited, self-directed health insurance.
* Routine care and ongoing treatments of chronic conditions can be pre-funded, can even be subsidized, but they don't constitute "insurable events."
* Insurance can't be expected to keep every human body in pristine condition. No amount of health care will prevent everyone's ultimate death.
* Comprehensive, unlimited, non-subsidized private-market coverage isn't possible for people with severely impaired health.
* The private health market can provide limited non-subsidized health insurance, such as protection from accidents, to even health-impaired individuals.
* Individuals who can afford to do so and who take good care of themselves should be able to "buy up" to better coverage. People have the option of buying up for everything else in life.
Discussion of these principles is lacking from most of the current health insurance debate. If society can intuitively understand how similar principles apply to health insurance, then they should be able understand the principles in the health insurance context. We need to initiate the debate.
Read More about Auto Insurance Principles
Pleural mesothelioma
Pleural mesothelioma is one of several types of cancer linked to asbestos exposure. It is caused by asbestos fibers being ingested into the lungs and affects the pleural lining of the lungs. This is a deadly and devastating disease with no known cure. There are a number of symptoms of pleural mesothelioma, and like the other forms of mesothelioma, they can appear very non-specific and could be mistaken for a number of common diseases or illnesses. Shortness of breath, caused by pleural thickening which gradually contracts the breathing space, is often the first symptom exhibited by those with the disease. Cough, chest pain, difficulty swallowing, facial swelling, weight loss, fever, and rasping are some of the other symptoms of pleural mesothelioma. In many cases, however, individuals with the disease never experience symptoms at all until well after it has matured.
It typically takes several decades for the symptoms to develop, and once diagnosed, patients typically have a life expectancy of only a few months. Men between the ages of 50 and 70 are more commonly diagnosed with pleural mesothelioma than any other demographic, largely because asbestos was widely used in numerous industries from World War II until the 1970s, and due to the amount of time that it takes for the symptoms to occur, it is just now being discovered that they have the disease.
The treatments that are currently available for pleural mesothelioma patients are primarily palliative, aiming only to ease the patient's suffering. These treatments include surgery, radiation, and chemotherapy.
Find out more about Pleural Mesothelioma
It typically takes several decades for the symptoms to develop, and once diagnosed, patients typically have a life expectancy of only a few months. Men between the ages of 50 and 70 are more commonly diagnosed with pleural mesothelioma than any other demographic, largely because asbestos was widely used in numerous industries from World War II until the 1970s, and due to the amount of time that it takes for the symptoms to occur, it is just now being discovered that they have the disease.
The treatments that are currently available for pleural mesothelioma patients are primarily palliative, aiming only to ease the patient's suffering. These treatments include surgery, radiation, and chemotherapy.
Find out more about Pleural Mesothelioma
Wednesday, August 4, 2010
Benefits of Month to Month Car Insurance
There are many benefits to getting month to month car insurance instead of the usual payment plan of ever 6 months. It is a huge pain for people to save up for 6 months for a payment for something as dreary as auto insurance, and that is even when the economy is doing great. These days, with rising unemployment and lowering housing prices, underwater mortgages and recovery slow if occurring at all, if someone can ease their financial burden in any way, it is worth a look to see if something can be done.
My difficulty always came around the third or fourth month of each cycle. The first month, I knew I had to keep some cash socked away for my next insurance premium payment, and ditto for the second month. Around the third or fourth, though, I would invariably see something at the store that caught my eye, a gift for myself or a loved one that I could not resist, and just as I was reaching for my credit card, I would remember that this was money I had already earmarked for my 6 month payment. Good bye nice day! It became a habit - in fact I swear I would not see anything I wanted to buy until it was the worst possible time to find it. Just my luck to have insurance that comes due every 6 months.
I knew that I could not keep up with this cycle of denying myself for no reason, and so I did some research online and found that insurance companies in some cases are letting their customers pay for their policies more often than 6 months. It took me a few minutes of thinking to realize that this was what I was looking for. If my payments were smaller and more often than I would not have trouble paying for items I wanted at the store because whatever money I had left, I could spend.
Then I switched to a month to month car insurance payment plan, and everything changed. I spent a bit more on each payment due to fees associated with making more frequent payments, but that was easily offset by my good driver discount. It even improved my credit! Month to month car insurance is not for everyone, but if you dread saving up for payments every 6 months, it might be for you.
Jackie Price tells people to switch to month to month car insurance. She recommends monthly car insurance because it makes life more convenient.
Article Source: http://EzineArticles.com/?expert=Jackie_Price
My difficulty always came around the third or fourth month of each cycle. The first month, I knew I had to keep some cash socked away for my next insurance premium payment, and ditto for the second month. Around the third or fourth, though, I would invariably see something at the store that caught my eye, a gift for myself or a loved one that I could not resist, and just as I was reaching for my credit card, I would remember that this was money I had already earmarked for my 6 month payment. Good bye nice day! It became a habit - in fact I swear I would not see anything I wanted to buy until it was the worst possible time to find it. Just my luck to have insurance that comes due every 6 months.
I knew that I could not keep up with this cycle of denying myself for no reason, and so I did some research online and found that insurance companies in some cases are letting their customers pay for their policies more often than 6 months. It took me a few minutes of thinking to realize that this was what I was looking for. If my payments were smaller and more often than I would not have trouble paying for items I wanted at the store because whatever money I had left, I could spend.
Then I switched to a month to month car insurance payment plan, and everything changed. I spent a bit more on each payment due to fees associated with making more frequent payments, but that was easily offset by my good driver discount. It even improved my credit! Month to month car insurance is not for everyone, but if you dread saving up for payments every 6 months, it might be for you.
Jackie Price tells people to switch to month to month car insurance. She recommends monthly car insurance because it makes life more convenient.
Article Source: http://EzineArticles.com/?expert=Jackie_Price
Auto Insurance and Fraud Claims
If you go on the internet you will find that auto insurance fraud can be considered a major crime on the rise. What exactly is auto insurance fraud? It is when an auto insurance claim is filed on an accident that may not have occurred and an insurance check is cut or disbursed to the supposed victim or client. In fact, there are times that you may read stories of a person throwing themselves in front of a slow moving vehicle and the car hits them. An insurance claim is the filed against the driver for all kinds of medical bills and then to the victim is compensated for pain and suffering.
People should have a clause in their insurance policy to cover injury to other people so if a person is injured then you most likely do not have to worry about them coming after you personally with a civil suit. It is unfortunate to feel that you have to cover yourself in this way with auto insurance but with the economy the way it is and not getting any better quickly, fraud is on the rise and you do not want to be in the middle of an auto insurance fraud case.
There are statistics that show certain types of accidents that are used in fraud cases that are typically hard to prove that they are not the victims fault. A few of them would be the "T-bone" where a car waits for a another car to cross in front and there are no witnesses so they ram the car claiming the other car ran a red light. There is the "Side Swipe" where a car will intentionally wait for another driver to drift into their lane then they speed up hitting the car stating it was the victim's since he traveled into their lane and hit them. A third example is the "Swoop and Squat" where the driver in front has pre-planned maneuvers to cause a rear end collision by the victim.
Some of the accidents described above are caused by organized auto accident rings and they are very familiar and good at what they do. This is just something to be aware of out on the road. Do not put yourself in a compromising position when you are driving.
Auto Insurance Quotes - QuoteScout helps you find the home insurance coverage you need at the lowest price. QuoteScout provides consumers with a free, simple, and effective way to shop for insurance. As a leading online marketplace for insurance, QuoteScout works with a combination of local agents, regional and national carriers to ensure that you are provided with a wide variety of responses to your request for a Quote.
Article Source: http://EzineArticles.com/?expert=Anthony_M._Peck
People should have a clause in their insurance policy to cover injury to other people so if a person is injured then you most likely do not have to worry about them coming after you personally with a civil suit. It is unfortunate to feel that you have to cover yourself in this way with auto insurance but with the economy the way it is and not getting any better quickly, fraud is on the rise and you do not want to be in the middle of an auto insurance fraud case.
There are statistics that show certain types of accidents that are used in fraud cases that are typically hard to prove that they are not the victims fault. A few of them would be the "T-bone" where a car waits for a another car to cross in front and there are no witnesses so they ram the car claiming the other car ran a red light. There is the "Side Swipe" where a car will intentionally wait for another driver to drift into their lane then they speed up hitting the car stating it was the victim's since he traveled into their lane and hit them. A third example is the "Swoop and Squat" where the driver in front has pre-planned maneuvers to cause a rear end collision by the victim.
Some of the accidents described above are caused by organized auto accident rings and they are very familiar and good at what they do. This is just something to be aware of out on the road. Do not put yourself in a compromising position when you are driving.
Auto Insurance Quotes - QuoteScout helps you find the home insurance coverage you need at the lowest price. QuoteScout provides consumers with a free, simple, and effective way to shop for insurance. As a leading online marketplace for insurance, QuoteScout works with a combination of local agents, regional and national carriers to ensure that you are provided with a wide variety of responses to your request for a Quote.
Article Source: http://EzineArticles.com/?expert=Anthony_M._Peck
How to Lower Your Average Monthly Car Insurance Payments
If you are thinking about shopping for new car insurance, the first thing to do is to calculate how much your average monthly car insurance payment is. Noting this down with the exact type and amount of coverage you have, you will have the necessary information to compare across policies. Many people make the mistake of taking into account too many extra and external factors when comparing across brands or policies within a brand. The truth is that beyond the major amounts and types of coverage (deductible, collision coverage, etc) and customer service information, one policy is the same as the next one, so it is fine to shop specifically on price, which is great news given the economic climate these days, and how people are looking for savings wherever they can be found.
To figure out your average monthly payments, simply divide your last payment over the number of months it covered. For most people this will be six months. Now if you are considering a monthly car insurance plan, you have the exact number you need to beat per month in order for the new policy to be better than your existing one, especially taking into account the credit score boost you may get from demonstrating the ability to make frequent payments. Like regular credit card payments, the three main credit bureaus take that into heavy account.
One thing to consider if you are trying to lower your average monthly payments is to keep your grades up. Better grades are statistically correlated with better driving records, and so many insurance companies give customers discounts on their policy for keeping their grades high. They give these good student discounts on auto insurance because these drivers are less risky to insure, and since insurance is a commodity, they are willing to compete for your business in order to get and secure you as a customer. Take advantage of their generosity!
Jackie Price helps people lower their average monthly payments on auto insurance by suggesting monthly car insurance.
Article Source: http://EzineArticles.com/?expert=Jackie_Price
To figure out your average monthly payments, simply divide your last payment over the number of months it covered. For most people this will be six months. Now if you are considering a monthly car insurance plan, you have the exact number you need to beat per month in order for the new policy to be better than your existing one, especially taking into account the credit score boost you may get from demonstrating the ability to make frequent payments. Like regular credit card payments, the three main credit bureaus take that into heavy account.
One thing to consider if you are trying to lower your average monthly payments is to keep your grades up. Better grades are statistically correlated with better driving records, and so many insurance companies give customers discounts on their policy for keeping their grades high. They give these good student discounts on auto insurance because these drivers are less risky to insure, and since insurance is a commodity, they are willing to compete for your business in order to get and secure you as a customer. Take advantage of their generosity!
Jackie Price helps people lower their average monthly payments on auto insurance by suggesting monthly car insurance.
Article Source: http://EzineArticles.com/?expert=Jackie_Price
Monday, August 2, 2010
Things to Look For When Buying Cheap Car Insurance
Are you looking to buy cheap car insurance in Michigan? This simple article will help you decide on how to get the cheapest you can. Here are a few things to follow when buying cheap car insurance Michigan.
There are many ways and places you can buy cheap car insurance in Michigan. The first logical place would be to call up your local providers. There are many places in your local city or town that supply this, by calling them or making an appointment you can easily get quoted on how much it will be with that certain insurer. Before you settle on the first provider you call, always check with other insurers as well. This will give you an accurate quote of which companies are able to do a better deal with you at a cheaper price.
Another thing to look at when buying it in Michigan is searching the internet. There are many providers that sell car insurance to the people of Michigan, some of these company website usually have a tool which allows you to get quotes instantly without the fuss of calling up or contacting them. But if you wish to have any questions answered then make sure you call or email them. If there is no contact details then it may be best to find another provider.
When you search the internet make sure you do not make your mind up on the first company you find. Compare each company you are serious about. By comparing companies on the internet you can easily assess which provider will give you the most for the amount of money you are spending.
So if you are looking to buy cheap car insurance in Michigan why not call your local insurers or browse the internet. By doing this you may just find a company who has cheaper rates.
Not entirely sure what to look for when buying cheap.
Article Source: http://EzineArticles.com/?expert=Ted_Kripps
There are many ways and places you can buy cheap car insurance in Michigan. The first logical place would be to call up your local providers. There are many places in your local city or town that supply this, by calling them or making an appointment you can easily get quoted on how much it will be with that certain insurer. Before you settle on the first provider you call, always check with other insurers as well. This will give you an accurate quote of which companies are able to do a better deal with you at a cheaper price.
Another thing to look at when buying it in Michigan is searching the internet. There are many providers that sell car insurance to the people of Michigan, some of these company website usually have a tool which allows you to get quotes instantly without the fuss of calling up or contacting them. But if you wish to have any questions answered then make sure you call or email them. If there is no contact details then it may be best to find another provider.
When you search the internet make sure you do not make your mind up on the first company you find. Compare each company you are serious about. By comparing companies on the internet you can easily assess which provider will give you the most for the amount of money you are spending.
So if you are looking to buy cheap car insurance in Michigan why not call your local insurers or browse the internet. By doing this you may just find a company who has cheaper rates.
Not entirely sure what to look for when buying cheap.
Article Source: http://EzineArticles.com/?expert=Ted_Kripps
Low Car Insurance, How to Get it Dirt Cheap
Car insurance quotes are often unbelievably high, if you get hooked by a "named" insurance company. Named companies always have a way of making you pay for that brand name. However, no one is interested in brand names, what we all need is a company that can provide us with reliable car insurance with low rates.
There is no way to ascertain which insurance company is offering low insurance rates except you compare all quotes from various companies in your area. This is not an easy task if it were to be done manually. However, things have been made a whole lot easier with the internet. You can sit comfy in your room and still get to pull up all the insurance quotes for all the companies in your area. With the quotes from different insurance companies, you can compare and contrast and this will help you to settle for the one offering the most competitive rates.
Lower car insurance rates can be gotten from insurance companies if you are a returning customer. If you have insured either life or property with an insurance company before and you are returning for car insurance quotes, you will definitely be regarded as a loyal customer and this will be rewarded by discounts on your quote. Someone who is walking into the same company first time will not get the same quotes as you. So if you have a couple of things that you may want to insure like your yacht, home or even motorbike, you can do that before proceeding for a car insurance. This will ensure that you get lower rates on car.
Also, people with clean driving history attract lower quotes from insurance companies. This is because such people are less likely to be involved in an accidents. If you pay premiums for a whole year and your car is not involved in any accident, the insurance company owns the profit. But if your car is involved in accidents every month, you put them in an expenditure which may be more than the premium you are paying. This is why people with bad driving history get higher car insurance quotes.
If what you are looking for low car insurance, you can get this done online in a matter of minutes. All you need is your zip code and you are there.
You can get more time proven, life changing experience and solutions to all your car insurance problems by visiting: InsuranceAxis
Article Source: http://EzineArticles.com/?expert=Diamond_Bonny
There is no way to ascertain which insurance company is offering low insurance rates except you compare all quotes from various companies in your area. This is not an easy task if it were to be done manually. However, things have been made a whole lot easier with the internet. You can sit comfy in your room and still get to pull up all the insurance quotes for all the companies in your area. With the quotes from different insurance companies, you can compare and contrast and this will help you to settle for the one offering the most competitive rates.
Lower car insurance rates can be gotten from insurance companies if you are a returning customer. If you have insured either life or property with an insurance company before and you are returning for car insurance quotes, you will definitely be regarded as a loyal customer and this will be rewarded by discounts on your quote. Someone who is walking into the same company first time will not get the same quotes as you. So if you have a couple of things that you may want to insure like your yacht, home or even motorbike, you can do that before proceeding for a car insurance. This will ensure that you get lower rates on car.
Also, people with clean driving history attract lower quotes from insurance companies. This is because such people are less likely to be involved in an accidents. If you pay premiums for a whole year and your car is not involved in any accident, the insurance company owns the profit. But if your car is involved in accidents every month, you put them in an expenditure which may be more than the premium you are paying. This is why people with bad driving history get higher car insurance quotes.
If what you are looking for low car insurance, you can get this done online in a matter of minutes. All you need is your zip code and you are there.
You can get more time proven, life changing experience and solutions to all your car insurance problems by visiting: InsuranceAxis
Article Source: http://EzineArticles.com/?expert=Diamond_Bonny
Monday, July 19, 2010
The Excellent Ways to Find the Best Auto Insurance Quote for Your Car
Work on a having a good driving history.
Insurance companies are taking a risk on your driving habits. As such, if you have a good driving track record, then chances of you getting in a road accident (and ergo chances of the insurance company needing to make a payout) are slim. So, good driving record = better car insurance rates.
So while you look at your state's minimum liability requirements and check with your financier about the type of insurance you might have to have if you have not paid for your vehicle completely, you also need to check with the top insurance companies. Then make sure that you're adequately covered to protect your assets, and you'll have someone available if you need them
So as you get several different auto insurance quotes on these directory pages for comparison insurance quotes, make sure that you're also checking out the company that is offering you the vehicle liability policy. After all, car and truck insurance is there for a reason, and if they're not going to be there when you need them, you're wasting your money.
After short-listing your potential car insurance providers, don't ring them all up as that takes a lot of time. Instead, check out car insurance quote sites online where you can fill out your details once and have the site submit your information to your chosen car insurance providers. Let THEM do the work of getting your business!
4. Take higher deductibles. If you can afford it, opt to pay a higher deductible (the amount you need to pay the auto insurance company before they pay any claims) than normal. It may be steep at the start but this means paying lower monthly premiums too, which in the long run means more savings for you.
5. Go ahead and be cheeky... ask for a discount! Nowadays, there are plenty of discounts that can be had on car insurance (e.g., low mileage drivers, presence of anti-theft gadgets in the car, car-poolers, etc.) but in many cases you do have to ask for them! So go ahead and ask! Hey, it's your money, right?
Try these tips and getting better auto insurance rates will be easier than you think.
Insurance companies are taking a risk on your driving habits. As such, if you have a good driving track record, then chances of you getting in a road accident (and ergo chances of the insurance company needing to make a payout) are slim. So, good driving record = better car insurance rates.
So while you look at your state's minimum liability requirements and check with your financier about the type of insurance you might have to have if you have not paid for your vehicle completely, you also need to check with the top insurance companies. Then make sure that you're adequately covered to protect your assets, and you'll have someone available if you need them
So as you get several different auto insurance quotes on these directory pages for comparison insurance quotes, make sure that you're also checking out the company that is offering you the vehicle liability policy. After all, car and truck insurance is there for a reason, and if they're not going to be there when you need them, you're wasting your money.
After short-listing your potential car insurance providers, don't ring them all up as that takes a lot of time. Instead, check out car insurance quote sites online where you can fill out your details once and have the site submit your information to your chosen car insurance providers. Let THEM do the work of getting your business!
4. Take higher deductibles. If you can afford it, opt to pay a higher deductible (the amount you need to pay the auto insurance company before they pay any claims) than normal. It may be steep at the start but this means paying lower monthly premiums too, which in the long run means more savings for you.
5. Go ahead and be cheeky... ask for a discount! Nowadays, there are plenty of discounts that can be had on car insurance (e.g., low mileage drivers, presence of anti-theft gadgets in the car, car-poolers, etc.) but in many cases you do have to ask for them! So go ahead and ask! Hey, it's your money, right?
Try these tips and getting better auto insurance rates will be easier than you think.
cheapest car insurance
cheapest car insurance,When you finally buy the car you were hoping to get, the excitement can be palpable. Just knowing that you now have the ability to cruise around town in your new set of wheels can be very exciting.
That is why it is always a bit of a letdown after buying a car to have to think about buying car insurance. You are undoubtedly going to want to buy the cheapest-possible car insurance - and yet you are going to need to make sure that you buy enough coverage to meet your needs.cheapest car insurance
Many young drivers never think of what problems and circumstances they will bring to their parents. Some young drivers are cautious when they drive in order for them to get a good record which will help them get cheaper car insurance for their car. If your car is in older model, your insurance will be cheaper and just be sure to have some devices such as theft alarm and other car devices needed to lower your car insurance cost.
The Law
cheapest car insurance In almost every jurisdiction, without exception, automobile insurance coverage is compulsory for all vehicles. If you don't have coverage, you're breaking the law. If you're stopped and don't have car insurance, you can face steep fines and other potential forms of punishment.
The Lender
Unless you own your car outright, free of all loans and liens, car insurance is unavoidable. Lenders want to protect their collateral on auto loans--your vehicle--from any unnecessary elimination of value. They'll generally make maintenance of quality automobile insurance part of the loan's terms and may be legally entitled to repossess an uninsured car or to purchase much more expensive coverage on the vehicle and to charge you for its cost!
cheapest car insurance If you keep at it over the day and collect all the information necessary then you can easily see which company is the cheapest to deal with. Remember always compare, as this is essential to finding the best results that will save you money. And last but not least, try not to be pushed into anything that you may not need or want. Choose one that feels right for you, this way you will have peace of mind.
That is why it is always a bit of a letdown after buying a car to have to think about buying car insurance. You are undoubtedly going to want to buy the cheapest-possible car insurance - and yet you are going to need to make sure that you buy enough coverage to meet your needs.cheapest car insurance
Many young drivers never think of what problems and circumstances they will bring to their parents. Some young drivers are cautious when they drive in order for them to get a good record which will help them get cheaper car insurance for their car. If your car is in older model, your insurance will be cheaper and just be sure to have some devices such as theft alarm and other car devices needed to lower your car insurance cost.
The Law
cheapest car insurance In almost every jurisdiction, without exception, automobile insurance coverage is compulsory for all vehicles. If you don't have coverage, you're breaking the law. If you're stopped and don't have car insurance, you can face steep fines and other potential forms of punishment.
The Lender
Unless you own your car outright, free of all loans and liens, car insurance is unavoidable. Lenders want to protect their collateral on auto loans--your vehicle--from any unnecessary elimination of value. They'll generally make maintenance of quality automobile insurance part of the loan's terms and may be legally entitled to repossess an uninsured car or to purchase much more expensive coverage on the vehicle and to charge you for its cost!
cheapest car insurance If you keep at it over the day and collect all the information necessary then you can easily see which company is the cheapest to deal with. Remember always compare, as this is essential to finding the best results that will save you money. And last but not least, try not to be pushed into anything that you may not need or want. Choose one that feels right for you, this way you will have peace of mind.
Monday, July 12, 2010
Tips I Use To Get My Car - Cheapest Insurance Rates Online
There are those irregular expenses which come along now and again, such as having to buy birthday gifts, repair your car, buy new clothes, or fix a water heater. These types of expenses are hard to trim out of your budget because they just seem like necessities when they arise: we more or less have to pay them.
And then there are the regular expenses that you know are coming each month and for which you need to be prepared. Under this category falls items like rent or mortgage payments, utilities, car payments, food, gas, and car insurance.
When it comes to paying our regular expenses, some of them are pretty much set in stone and not negotiable. For example, for rent or mortgage payments, you are going to continue to be paying what you pay now unless you decide to move houses or refinance your mortgage.
However, some of our other regular expenses allow us some control as to how much we pay each month. For example, for food or gas, we can make lifestyle choices which affect those expenses each month - driving them higher or lowering them.
But there is another regular expense that is easy for most of us to ignore - and yet we have more control over it than we think: that is car insurance.
Insuring Your Car Is A Necessity - But It Can Also Come In Handy
No - I am not advocating that you decide to stop paying for your car insurance. To the contrary, buying car insurance is required by law in most places. And not only that, it can come in very handy if you ever do get into an accident.
It is easy to underestimate the value of any type of insurance until you need it. In fact, car insurance is one of those things that we hope we never have to use. Still, it is good to know that the insurance is there in case an emergency should arise. You could say that buying auto insurance is like buying peace of mind.
Types Of Insurance Coverage To Consider
For auto insurance, there are a number of types of coverage you will want to consider. Each one comes into play in different situations. Here is a quick breakdown of each:
a. liability coverage (usually required by law) pays the other party's medical and auto repair expenses if the accident is your fault
b. collision coverage pays for your vehicle repairs if the accident is your fault
c. medical payments coverage pays your party's medical expenses if the accident is your fault
d. uninsured motorist coverage pays for your expenses (medical and vehicle repair) if the accident is the other party's fault but they are not insured
Maintain Insurance For Your Car: Cheapest Insurance Rates Online
A great way to shop for car insurance and get the best deal is to shop online. Here are 3 tips for doing so:
1. Write down the coverage you want: In order to get comparable quotes from multiple insurers, it is smart to first use a spreadsheet application or pen and paper and write out exactly the types of coverage you want. Even if you should change your coverage needs before actually signing a new policy, it is a good idea to request the same coverage types of each insurance company so that you can compare pricing more easily.
2. Do research to make a list of at least 5 insurance companies: Now, do online research to make a list of at least 5 insurance companies that specialize in low-rate insurance.
3. Apply to all 5: After you have found at least 5, start applying. In fact, make sure to follow through and apply to all 5 companies. It will be tempting to stop after applying to 1 or 2, but applying with all of them could make the difference between a good rate and the cheapest-possible rate.
Car insurance is not only a legal necessity, but it also represents peace of mind. Follow these 3 tips to find the cheapest insurance rates online.
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