Save Money On Health Insurance By Combining Policies
We are always looking to save money on car insurance, and in this economy saving money is on a premium, but if you want to save an additional percentage on your insurance try combing your car policy with your health insurance policy. We have to credit the Albany car insurance guide for recommending this and they couldn’t be more right.
Many companies will offer an additional percentage off your health insurance if you give them additional business with your other policies like car insurance. If you are a student you likely already have car insurance but it is a great way to find cheap student health insurance as well.
Dont take chances by not having health insurance, you may feel healthy now but one car accident could ruin you financially and make it very difficult to get the health treatment you need to get well.
Next time you are looking to save money on health insurance and car insurance, talk to your local agents to see if combining the two is a possibility.
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Your Job Could Make Your Car Insurance Cheaper
In our continuing effort to find affordable car insurance for our readers, we tested Geico Auto Insurance as a 38-year-old single male looking for coverage in Albany, New York. Our test subject, Mr. Bob Testquoter drives a 2006 Mazda 6 and has no traffic incidents within the past five years. Mr. Testquoter works as an accountant, traveling ten miles to and from work, five times a week.
The Albany car insurance coverage we selected was as follows:
• Bodily Injury Liability: $25,000 / $50,000
• Property Damage Liability: $10,000
• Personal Injury Protection: $50,000 per person per accident ($200 Deductible)
• Uninsured Motorist: $25,000 / $50,000
• Comprehensive: $500 deductible
• Collision: $500 deductible
Mr. Testquoter’s quote came up for $1,075.60 for six months or $204.74 per month, not bad for such a high incident area as the Bronx. When we left everything else the same, yet changed the profession from accountant to computer software engineer, our rate jumped to $1,316.40 for six months or $249.89 a month! Do accountants really deserve to have cheap car insurance than computer software engineers?
Insurance companies make money on statistical analysis that determines the optimal (read: profitable) mix of how much to charge and who to charge it to. Throughout the course of a week, most of us spend more time driving to work than we do anywhere else so the fact that insurance companies factor this in shouldn’t be a surprise.
Anyone who drives for a living, delivery or sales people for example, should obviously expect to pay more, but those of us who work high stress, long hour jobs should expect to pay more as well. Statistics show people who talk on the phone more often have more accidents and busy professionals use the phone while they drive. See the correlation? It’s really just a numbers game.
The bottom line… if you want to find more affordable insurance for your car using Geico, try classifying your occupation under a number of different categories before committing to a policy. Spend a few extra minutes examining the input options and those few extra mouse clicks could save you big bucks over the life of your policy!
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Finding Cheap Car Insurance For Teens
Many teenagers are excited when they turn 16 and its time to get their license, but nothing crushes that excitement quite like a big fat car insurance premium every month. Here are some important tips to help find affordable car insurance for teens.
Get on mom and dad’s policy
Insurance companies divide people into groups and assess risk based on the group’s risk. As I’m sure you guessed, teenagers are by far the riskiest group and with a lack of experience behind the wheel, common sense says they’re correct. By adding teenagers to their parent’s car insurance policy, parents are financially accountable for the way the teenager drives, and their teen driver will have cheaper car insurance premiums because of it. On the downside however, if their teen driver causes an accident, everyone’s premiums will skyrocket.
Drive An Old, Reliable Car
When they get their license most teens picture cruising around town in a fancy high performance car, but the reality is teens who have an expensive and fast car will pay a very high premium compared to an older, safer, more reliable car. Expensive cars cost more to fix and have a higher likelihood of being broken into or even stolen. If you’re thinking of a hot, fancy car for your teen, consider a less expensive, safer model. Safer cars are the key to cheap car insurance for young drivers.
Take A Safe Driving Course
Many insurance companies offer a discount of 10 percent or more if your teen completes a safe driving course. With a lack of experience on the road, and a lack of understand on how to handle a high pressure situations, a $35-50 investment in a safe driving course will help your teen stay safe, and that means more than anything you will save getting a more affordable car insurance premium.
Get Good Grades!
Like giving a discount to one occupation over another, this is another way car insurance companies provide discounts for “more responsible” demographics. By maintaining a B average or higher, teens can save 25 percent or more, which is really cheap car insurance. State Farm is one company that offers this program.
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