When getting your auto insurance policy or even if you are reviewing your existing policy many will ask what their auto insurance deductibles should be.
Well you have two types of coverage and that is your collision and comprehensive. The comprehensive covers your car and the collision covers the other guys vehicle.
What you need to ask yourself is how much can you afford out of pocket if you are in an accident. If you are comfortable with pulling together $500 as a deductible based on your savings or available credit on your credit card, you will want to set it at that amount.
The higher your deductible the lower your insurance premiums. If you do not feel comfortable with $500 and you tend to have fender benders or other small incidents with your auto, then you might be better off with a $250 deductible.
You just have to remember that if your insurance premiums are much higher, over a certain number of years it would make sense to carry a higher deductible because these higher premiums can really add up.
You have to set you auto insurance deductible with what you are comfortable paying out of pocket before the insurance company picks up the rest of the tab.
So review your policy and make sure you evaluate how much more of a premium you will be paying based on your deductible and comfort level of paying that auto insurance deductible in case of an accident.
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Can I be forced to buy health insurance? Can I go to jail if I don’t?
The short answer is yes, you probably would be forced to buy insurance, but no, you aren’t likely to be locked up if you don’t, unless you’re a big-time tax cheat. Read the rest of this entry »
Saving money on your insurance can be one of the most important things you can do. It can save you thousands of dollars if added up over a year or more and this money can be utilized elsewhere such as for investments instead of premiums.
To get started it is always a good idea to get free insurance quotes to compare what your best options are for your auto, home, life or health insurance. You can use the Free Quote Box below to quickly automate the free insurance quote process and handle everything online making it a quick and simple process. Fill the quote box out below to get started.
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There are some quick ways to save money on auto insurance. Take it from me I have had 2 teenagers that while driving had a couple of accidents, tickets and drove my insurance rates through the roof. Now they have their own insurance and my policy has dropped significantly. Read the rest of this entry »
Now that costs are rising on health insurance, many in the current economic situation that let it go could be facing financial disaster. There are many uninsured Americans and more getting laid off that may not be able to afford health insurance or that think they cannot afford it. I guess the question is can you not afford it? Read the rest of this entry »
