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HealthMetrix Research Selects Medicare Advantage Plans for Best Overall 2007 Benefit Value
HealthMetrix Research Selects Medicare Advantage Plans for Best Overall 2007 Benefit Value Wednesday November 1, 3:00 pm ET COLUMBUS, Ohio, Nov. 1 /PRNewswire/ -- Medicare plans in 82 cities will be recognized for best overall value in the design of their 2007 medical and Part D prescription drug benefits for seniors. The 2007 Senior Choice Gold Award recipients were selected from over 200 Medicare Advantage managed care plans
The Best Approach to Auto Insurance Quotes
Auto insurance quotes are generally free so don't just take out an auto insurance policy based on the first auto insurance quote you get.
The best possible way for saving money on your auto insurance is to get at least three insurance quotes. Granted, getting multiple insurance quotes will take you time but if you compare your hourly rate at work to the amount you could save on your auto insurance I think you will agree that getting several auto insurance quotes is a valuable use of your time.
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The premiums could be going up because of something other than your accidents. The company may have been approved for a general increase. Check with your company about the reason for the increase. If you are not satisfied with the response, you can always check with other companies and see if they can give you a better rate.
Some cars are more expensive to repair than others or are statistically more likely to be involved in accidents. As you know, premiums are based directly on these kinds of risk factors.
Do I have to pay an insurance premium after my auto is declared a total loss?
If your car was totaled before a new premium is due and you are no longer driving it, there is no reason for you to continue to pay premiums - since you no longer have any need for car insurance.
Annual premium payments are usually the most economical. By giving the insurance company the entire year's premium, you avoid incurring additional administrative charges that add up with quarterly or monthly billing. Many companies charge a much smaller fee if you have your premium deducted automatically from a checking account every month. Check with your company.
The costs of buying and repairing cars continue to climb. Insurance companies need to cover those costs. Even if your driving record is unblemished, your rates and those of other drivers will climb to compensate for more and costlier accidents involving others in your state or insured by your carrier.
Probably. Speeding tickets are one of the things that can cause an insurance company to increase your premium. Of course, the company will probably consider how long you have been insured by them and your previous driving record before deciding to increase your premium.
My daughter just got her driver's license. How can I keep my costs low?
To begin with, in many states young female drivers get lower rates than young males. You may be able to further reduce your cost by taking advantage of available discounts. Check with your company about what discounts she may be eligible for, based upon:
1. Driver's education
2. Good marks in school
3. Low mileage driver
If I buy a flaming red mazda, Will I pay more for insurance than if I bought it as metallic blue?
No. But the red car may attract more attention from traffic police.
The deductible is the amount you must pay toward a claim before your insurance begins to pay. For example, if you have a $500 claim and your policy has a $100 deductible, you will pay $100 and your insurance will pay $400. Selecting higher deductibles is one way to reduce your premiums. Of course, you must decide whether the monthly savings are worth the risk of paying more in the event of an accident.
Will my premiums go up if I have an accident?
It depends on the type and severity of the accident, on your previous driving record, and on your history with your insurance company. In many cases there will be an increase.
Do auto insurance companies insure the same class of drivers?
No. The average driver with, perhaps, a few violations spread over many years and a car that is not extremely expensive or statistically at high risk of accidents would be classified as a standard risk. This is the pool of drivers that most companies insure.
Continue reading "Do auto insurance companies insure the same class of drivers?" »
I already have car insurance. Are there any ways to cut my costs?
1. Consider your insurance as a backstop against major losses, not a way to pay for minor fender benders. Select larger deductibles, making sure you have adequate savings to pay the deductible amount if you have an accident.
Continue reading "I already have car insurance. Are there any ways to cut my costs?" »
What should you consider when purchasing automobile insurance to keep your cost down?
How much liability coverage do you need?
1. Do you need collision coverage?
2. Do you need comprehensive coverage?
3. What deductible amounts do you want?
4. Do you want an agent, or can you buy by phone or mail?
5. Do you want to use multi-quote services?
6. What discounts might you be eligible for?
a. Multi car
b. Safety features on car
c. Security features on car
d. Driver's education
e.Good student
What are the typical rating factors?
In addition to your driving history, the following factors apply:
1. type of vehicle (model, year, and value): Statistics show that the accident rates are different for different cars. Some kinds of cars are also more expensive to repair.
2. how you use the vehicle (i.e., pleasure, work): Using your vehicle for work will probably increase your premium.
3. age, sex and marital status: Older drivers, female drivers and married drivers statistically tend to have better driving records. Therefore, they tend to have lower premiums.
4. where you live: Some states have higher accident rates than others. In particular, states with high population density tend to have more accidents. Other local factors, such as the type of insurance system in the state, also affect insurance rates.
1. prior insurance coverage: Being a new driver, or a driver with no previous history of insurance coverage, will probably mean higher rates.
How does the car insurance company decide my own premium?
The company tries to get a portfolio of customers that will be profitable. Since they cannot foresee the future, they try to pick people who, statistically, are likely to be good risks. They will look at the many classification factors they use to categorize their potential customers and decide if you meet their criteria. If they are willing to accept you, they decide how much you should pay based on where you fit such risk factors as driving record, age, sex, number of miles driven per year, type of car, and more.
In general, What affects insurance company premiums?
The key factor in setting car insurance rates is the expense of paying for accidents and the costs associated with settling them. Other expenses relate to marketing the insurance (agent and broker salaries, commissions, expenses, and advertising), and general overhead (management and staff salaries and offices expenses). Expenses are partially offset by investment earnings on the premium dollars that have been received from customers but not yet spent.
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HealthMetrix Research Selects Medicare Advantage Plans for Best Overall 2007 Benefit Value
HealthMetrix Research Selects Medicare Advantage Plans for Best Overall 2007 Benefit Value Wednesday November 1, 3:00 pm ET COLUMBUS, Ohio, Nov. 1 /PRNewswire/ -- Medicare plans in 82 cities will be recognized for best overall value in the design of their 2007 medical and Part D prescription drug benefits for seniors. The 2007 Senior Choice Gold Award recipients were selected from over 200 Medicare Advantage managed care plans
The Best Approach to Auto Insurance Quotes
Auto insurance quotes are generally free so don't just take out an auto insurance policy based on the first auto insurance quote you get.
The best possible way for saving money on your auto insurance is to get at least three insurance quotes. Granted, getting multiple insurance quotes will take you time but if you compare your hourly rate at work to the amount you could save on your auto insurance I think you will agree that getting several auto insurance quotes is a valuable use of your time.
Continue reading "The Best Approach to Auto Insurance Quotes" »