7 Steps For Cheap Auto Liability Insurance Quotes

July 24, 2014

How does one begin finding cheap auto liability insurance quotes? Well, most states require drivers to carry at least liability coverage in minimum required limits. These limits vary from state to state. Invariably there will be a certain percentage of the population who will choose to purchase only the minimum amount, usually in order to save money. However, this is not the best way to find cheap auto liability insurance. Limits are unrealistically low in every state where they are required; therefore drivers should purchase higher limits of coverage. If you are looking for ways to find cheap auto liability insurance quotes, follow the following 7 steps.

Step 1: Make Sure You Have A Good Driving Record

By being a prudent driver who avoids tickets and accidents, your driving record will remain clean. This will enable you to get the best rates possible on liability and other types of insurance coverage. You may even be eligible for an extra good driver discount from certain companies to further reduce your premium.

Step 2: Maintain A Good Insurance Record

If you make claims on your insurance for unnecessary or frivolous reasons, you will damage your insurance record and cause your rates to rise. This is also true if you let a policy lapse and have a gap with no insurance.

Step 3: Choose A Car With Safety Features

When you are looking to buy a car, make sure you choose one that is equipped with safety features such as airbags, passive restraint seatbelts, anti-lock brakes and anti-theft devices. Having such features will give you important discounts on your insurance quotes.

Step 4: Live In An Area That Has A Low Crime Rate And Few Cars On The Road

When choosing a new home, opt for a small town area or one with a relatively low population and especially areas that have low crime rates. Insurance rates are partially based on the area in which you live and the risk of having a claim based on the occurrence rate there.

Step 5: Exclude High Risk Drivers

If you are looking for cheap auto liability insurance quotes, but have a high risk driver in your home, exclude that driver from your policy. Most companies will accept such an exclusion, provided that driver has his or her own policy and doesn’t use your vehicle.

Step 6: Get Quotes From An Online Quote Tool

Having done all the right things to ensure low liability rates, you now need to shop around for quotes. The quickest, easiest and most efficient way to get numerous quotes is by using an online quote tool. The more quotes you get the better your chances of finding cheap auto liability insurance.

Step 7: Compare Auto Liability Quotes

Once you have the quotes, carefully compare them for price and limits. By comparing car insurance rates side by side you will be able to determine which is the best deal for you.

Now that you know the 7 simple steps for finding cheap auto liability insurance, you are ready to get started with the quote process. It’s simple and can be done any time of the day or night, whenever it suits you.

Long-Term Care Insurance – What to Do & What to Avoid

July 18, 2014

Long-term care financing and planning takes some thought and education to put together a policy that is best for you and your financial situation. It is easy to get confused and become paralyzed into “inaction.” Here are some key points of what to do or not do.

Purchasing Too Much Coverage:

It is important to get some type of long-term care insurance without over insuring. Look at your finances and determine how much you can comfortably afford to pay for long-term care and co-insure with your long-term care insurance policy. Purchasing long-term care insurance can be compared to buying an auto. A Ford will get you to the same place as a Mercedes, but it will cost you much less. Having some long-term care insurance is better than not having any long- term care insurance.

Waiting Too Long:
You will not save money by waiting to purchase long-term care insurance at a later date. The cost for you today is less expensive than it will ever be. As you get older, the rates go up.

Inflation Protection:
You need to seriously consider 5% Compound Inflation Protection, especially if you are under 70 years of age. It costs more, but it adds all the value to your long-term care insurance policy.

A Sound Long-Term Care Plan:
It is necessary to learn what your options are in the event that long-term care is needed. Do you have the assets to cover the expenses and still live the lifestyle you desire? Where do you want to receive care? How quickly can you liquidate your assets? Will you lose money if you liquidate? What are the tax consequences? Do we have enough income to live on?

Impact on Family:
How will a long-term care event affect your family? What happens when a spouse needs care? Will this affect the work of the other spouse? Is the family capable of providing the necessary care? Can the children help? How will this affect their work and family?

Medicare:
Many think that Medicare will cover all of the costs of long-term care. This is not true. It covers some very limited costs that meet Medicare’s criteria.

Comparable and Competitive Quotes:
Some companies are more competitive in relation to age or health status. Long-term care insurance quotes should be compared from at least three of the top companies. Different companies have unique “sweet spots” depending upon age, marital/partner status and health

Long-Term Care Insurance Specialist:
Consult with a Long-Term Care insurance Specialist, an independent agent that stays informed of new plans that come into the marketplace. A long-term care specialist can easily help you compare the different plans getting them closer to an “apples to apples” comparison.

Shopping by Price:
Getting the lowest price for a long-term care insurance policy is not the way to plan. The cheapest price may or may not have the options that you will need when you are ready to use your plan.

Top Carriers:
When getting long-term care insurance quotes from three different companies, it is important to check the financial ratings of the company. You should look for companies with at least A ratings.

Long-Term Care Costs:
You need to be informed of the real cost of long-term care (home care, assisted living, nursing facilities) in your area. If you live in an expensive State, you will need to adjust your long-term care insurance benefits according to what the costs are in your area. If you are planning to retire to a less expensive area, then that should also be taken into consideration. Different considerations should be taken if you are planning on living overseas.

A Long-Term Care insurance specialist who represents the top companies can help develop an unbiased plan that is unique to you and your situation.

How to Find Cheap Oregon Long Term Care Insurance Rates

July 11, 2014

If you are looking for cheap Oregon long term care insurance rates then consider that long term care insurance in OR may not seem cheap, but it truly is a bargain when compared to the cost of long term care in Oregon. The average long term insurance premiums are around $300 per month; however, here are 5 tips that will help you find the best rate possible for your situation.

1. First, buy coverage sooner rather than later in life. This allows for a discounted rate for two factors, age and health. Insurance rates are lower when the policy is purchased at an earlier age, usually in your fifties. Waiting until you are in your sixties or seventies not only raises the rates you will be charged because of your age, you also run the risk of developing a medical condition that will affect your ability to find affordable coverage.

2. Second, limit the length of your insurance coverage. A large percentage of nursing home stays last just over one year. Only 4% of men and 7% of women stay in a nursing home more than five years. An insurance policy with unlimited coverage would cost more than a policy with a 3-5 year benefit limit, yet statistics show that this is all a majority of people would need.

3. Third, cover both spouses at the same company. Long term insurance companies often offer discounts for multiple policies, just like car insurance companies. If both spouses cannot be covered, the wife is at greater risk of needing long-term care coverage. Women statistically live longer than men.

4. Fourth, choose a longer elimination period. The elimination period is a bit like the deductible paid with health and auto insurance. Instead of having to pay a deductible, there is a set number of days before your insurance begins covering your long-term care. The elimination period can range from 1-100 days. It usually only needs to be satisfied once in a lifetime. Choosing a longer elimination period can help you negotiate a cheaper premium rate.

5. Finally, take advantage of guaranteed rates. Once you have purchased an Oregon long term care insurance policy, you cannot be singled out for a rate increase. This is different from auto or homeowners insurance where making a claim can effect your rate. Insurance companies can only raise long term care rates for whole groups and they first need the approval of the Oregon Insurance Commissioner. Your rate may go up because you have had a birthday, but will not go up because you have been diagnosed with a health related problem.

One last tip, when using the Internet to research companies and compare rates, get quotes from at least three different companies and be sure you are comparing similar coverage. Following this quick guide will help you find affordable rates for long term care insurance in Oregon, or wherever you need it.

Auto Car Insurance Quote – Stuck With a Bad Driving Record? Get a New Quote

July 5, 2014

Have you just been in an accident? Did you recently get a traffic ticket? If so, it may be time to look for a new auto car insurance quote. You may not have thought about doing it yet, but you will need to especially if you went to defensive driving, and want to make sure that you do not wind up with a higher insurance premium. Depending on your situation, you may find a perfect match in a number of insurance carriers with special programs for people with less than perfect driving records.

When you get an auto car insurance quote, you are sending a very clear message that you are fed up with your current carrier. Today, almost every business is struggling for new customers. While most states demand that drivers carry car insurance, these companies still do not have enough business. Therefore, you can find ways to negotiate once you know the range of premium costs. Regardless of what the insurance company tells you, they can and should be able to shave as much as 25% off their initial quote.

As may be expected, it will be harder to negotiate with some companies. But the operative word here is harder, not impossible. Practice your negotiation skills on them in order to find out which strategies will work in your favor. For example, if you have a good credit report, or a vehicle with a good safety rating, you can bring up those facts. In a similar way, you can also use numbers found in your auto car insurance quote to let the reps know that you have many other options open to you.

Negotiating for cheaper car insurance rates will be very challenging. And, if you’re doing it for the first time, you may even find it very difficult. That said, if you do your homework carefully, you can find some discussion points that will help you along. Visit forums if you like or ask friends for pointers. Either way, the only way you are guaranteed to fail is if you don’t make an effort to begin with.