Today’s older drivers are not only less likely to be involved in crashes than prior generations, they are less likely to be killed or seriously injured if they do crash, a new Institute study shows. That’s likely because vehicles are safer and seniors are generally healthier. It’s a marked shift that began to take hold… Read More »
The short answer is: Choose the largest deductible with which you are comfortable that will significantly reduce your premium. Each of us has a different tolerance for risk which is reflected in our buying decisions, not just insurance deductibles. Due to inflation of the U.S. dollar, the ‘standard deductible’ has risen from $100 (or even… Read More »
The multi-policy discount can add up to a premium saving of five to twenty-five percent per policy, depending on the particular insurance company. It is a valid inducement for you, the insurance buyer, to purchase all of your policies from a single insurance company. To not avail yourself of this great cost cutting opportunity would… Read More »
Prepare yourself for a long answer. Price is a very important buying point, as always, but it should not be the only consideration when buying insurance, even though the insurance direct marketers would have you believe otherwise. Most direct marketing schemes are based on price. The continual emphasis of this tends to make the insurance… Read More »
By our latest count, there are around twenty insurance companies actively advertising auto insurance today. The Warren Buffet / GEICO-led hyper competition to gain auto insurance market share has pushed companies to conjure up all sorts of premium discounts and gimmicks, some good and some not so good. Discounts range from the older multi-policy, multi-car and claim… Read More »
One of the most unfortunate questions asked today is: how do I handle my personal insurance coverages during a divorce? And for many, the question is asked much too late in the divorce process, if it is asked at all. Here is an illustration of its importance. -continue reading-
Getting a new car is usually fun and exciting, but having a total loss on a new car causes a double-whammy: It’s the emotional loss of your “brand new car” and the shocking realization that the loan or lease balance can be greater than the amount of the insurance payment. -continue reading-