Tag: Insurance Comparison’
Where to Get Cheap Homeowners Insurance
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Cheap homeowners insurance. Does it really exist? Yes … if you know how and where to look. Here’s how to find cheap homeowners insurance the easy way.
What Homeowners Insurance Covers
Structural Coverage – This coverage pays to have your home rebuilt if it’s damaged or destroyed. To find out how much coverage you need, get the square-foot building cost in your area from a builder or a realtor, then multiply that figure by your home’s square footage.
Personal Property Coverage – Your personal property is anything in your home that is not not part of the house structure – clothing, furniture, appliances, electronics, etc. To figure out how much personal property coverage you need, take an inventory of everything you own, then add up each item’s value to get the coverage amount.
Expensive items like jewelry, furs, antiques, and collectables may not be covered under some policies, so you’ll need to purchase extra insurance to cover them.
Liability Coverage – Liability coverage pays for damage done to others and their property when you’re at fault. It also pays for your legal fees if you’re sued. If you don’t have a lot of assets, $100,000 coverage may be enough. But if you do have a lot of assets that you could lose in a lawsuit, consider purchasing at least $300,000 to $500,000 worth of liability coverage
Off-Premises Coverage – This pays for your basic living expenses if your home becomes uninhabitable due to fire or other causes. This coverage is especially important if you live in a high risk area for natural disasters.
Most homeowners policies do not cover floods and earthquakes, so you’ll need to purchase extra coverage if you live in a flood or earthquake zone.
How to Get Cheap Homeowners Insurance
Insurance rates can vary by hundreds, even thousands of dollars from one company to the next. This being the case, the best way to get cheap homeowners insurance is to go to an insurance comparison website where you can compare rates from a number of different companies.
A few comparison sites even have insurance professionals on hand to answer any questions you may have through their online chat service (See link below.)
To get the cheapest rate, make sure to request the highest deductible you can afford, and get all the discounts you’re eligible for.
Auto Insurance Company Ratings – Best Companies, Best Rates
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Looking for auto insurance company ratings? Want to know which companies are the most reliable and have the best rates? Read on …
Auto Insurance Company Ratings
There are a number of factors to look for when it comes to auto insurance company ratings – financial strength, customer service, and customer satisfaction. So where do you go to get these ratings?
Financial Ratings
There are two companies that provide insurance company financial ratings:
A.M. Best (ambest.com) rates insurance companies on their financial strength and their ability to pay claims. The safest companies have an “A” rating or better.
Standard and Poors (standardandpoors.com) rates companies on their financial strength and credit ratings. Companies with “A” ratings are your best bet.
Customer Service Ratings
The best place I’ve found for customer service ratings is Epinions (epinions.com). Here actual customers write about their experiences with a particular company, giving you a behind-the-scenes look at how the company treats its customers and how well they pay their claims.
Customer Satisfaction Ratings
Every state has a department of insurance website, and most of those sites list the consumer complaints filed against insurance companies. The number of complaints a company has compared to other companies gives you a pretty good idea of how well it treats its customers.
If your state’s department of insurance doesn’t list company complaints, you can see them at the California insurance website (insurance.ca.gov).
Getting the Best Rates
Getting the best auto insurance rate with the best insurance company is simply a matter of comparing rates with different companies. There are insurance comparison websites that give you rates from A-rated companies, and let you to talk with an insurance expert through an online chat service so you can get answers to any questions you may have (see link below).
Compare Car Insurance Rates
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There are plenty of ways to compare your car insurance price quotes. You can drive around and visit your local insurance companies, browse through the yellow pages of directory and call them or you may speak with an expert insurance agent. But the quickest and most convenient way of comparing car insurance price quotes is to go online. The internet allows you to connect through several insurance carriers without leaving your home. By logging online you can literally find hundreds of quotes. To ensure that you get the best deal for your car insurance, here’s how to effectively compare car insurance price quotes.
Evaluate your auto insurance needs. Identify what specific coverage do you need? Do you own a very expensive car or do you only need to financial security in the event of an at-fault accident? Identifying your car insurance needs is essential when obtaining a quote online or anywhere else.
Utilize an insurance comparison website tool. Choose an online insurance comparison tool such as an online insurance broker website that allows you to view and compare multiple rates from different insurance carriers. Usually you only need to answer a few basic questions such as your name, the type of car you drive and your zip code. Once submitted, you will instantly receive several quotes from competing companies.
Choose carefully your auto insurance coverage. Although it sounds good to have an affordable auto insurance but you may not call it a quality coverage if you find yourself not well accounted for all the liabilities you need. Consider applying for a plan that includes a minimum liability coverage so that even if you hit a very expensive car you are still protected from any financial expenses.
Not only that you choose a coverage that suits your needs but as well as you buy a policy that fits your budget. If possible, try to find a policy that includes a comprehensive coverage at the best rate.
Where to Get Inexpensive Auto Insurance
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Looking for inexpensive auto insurance? Here’s how to get it.
Inexpensive Auto Insurance
In the good ol’ days, before the Internet came on the scene, finding inexpensive auto insurance was like looking for a needle in a haystack. You had to spend hours on end visiting local insurance agents or calling them on the phone to get enough quotes to get an inexpensive policy. Now, thanks to the Internet, getting quotes is a piece of cake.
You have two choices when it comes to getting auto insurance quotes online – you can go from one single-company site to another, or you can go to an insurance comparison website. The advantages of using an insurance comparison website are:
* Multiple companies compete for your business, not just one.
* You only have to fill out one questionnaire, not one for every site.
* It will only take you a few minutes, not a few hours.
* The better sites only give out quotes from A-rated companies, not fly-by-nights.
* The best sites have insurance experts on call so you can get unbiased answers to your insurance questions. (See link below.)
Because auto insurance rates can vary by hundreds of dollars from one company to the next for the same insurance, comparing rates at an insurance comparison website is by far the best way to get inexpensive auto insurance.
Discounts and Deductibles
Once you find a company with the best rate, you can lower your rate even further by doing the following:
* Raise your deductible. Raising your deductible from $250 to $500 can save you up to 30% on your yearly premium. Raising it to $1,000 can save you up to 50%. Just make sure you can pay your deductible if you need to file a claim.
* Drop your collision coverage. If you drive an older car consider dropping your collision coverage, especially if your car is worth less than the cost of your insurance plus your deductible.
* Consolidate your policies. Purchasing your homeowners and auto insurance through the same company can save you 10% to 15% on your yearly premiums.
* Get discounts. Auto insurance companies offer discounts to their customers for a variety of reasons. Ask about all the discounts that are available and take advantage of all the ones you’re eligible for.