Bet Your Life: The Basics Of Life Insurance

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Bet Your Life: The Basics Of Life Insurance

When I applied for my first life insurance policy, all of the talk about benefit amounts, revenue generation, investments, and beneficiaries had me somewhat confused. I remember wishing that I had known more about what it all meant before I applied. Once I found the policy I wanted, I decided to create a website that helped other people understand the fundamentals of life insurance and what all of those legal terms mean. I hope that this information helps you to choose the policy that's right for you with a clear understanding of the information you need to provide as part of the process.

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3 Tips For Reducing Auto Insurance

If you have a vehicle, you are legally required to purchase auto insurance. This will help protect your financial investment in the event you are in an accident. The cost to repair your vehicle can add up quickly and it's important you have the coverage to pay for any damages to your car and for any medical injuries that may happen.

Knowing specific tips that can help lower the amount of your monthly premiums can help reduce your costs year round:

Tip #1: Get a precise quote

Before making a car purchase, it is ideal to get an exact quote on what your annual premium may be. You can do this by contacting your insurance agent and providing this person with the vehicle identification number (VIN) of the car you are interested in buying.

This may help you avoid the purchase of a car that will be too expensive to insure.

Tip #2: Ask about additional discounts

Take the time to learn of all the possible discounts that you may qualify for when getting coverage.

Listed below are some discounts that may help you save money:

  1. Teenager – If you have an inexperienced driver on your policy, you may get an additional discount. If your child gets good grades in school, this savings may be as much as 16% annually.
  2. Married – Insurance companies provide married couples with lower costing coverage, and the savings may be as much as 14% per year.
  3. Multiple policies – By getting your home insurance with the same company that provides you with auto coverage, you can reduce the amount of your coverage up to 9% each year.

These are just a few examples of various discounts that may be available to you.

Tip #3: Maintain good credit

Your insurer will examine your credit rating before deciding on the amount of your insurance premium. This score is an indication of how well you have paid your bills in the past. A high credit rating is preferred to help obtain the lowest cost of insurance because this shows you have behaved responsibly in the past when it comes to your debt.

Finally, auto insurance doesn't have to break the bank if you make an effort to help keep these costs low. Be sure to speak with your insurance provider to help you find additional tips that will work to decrease the amount of your car coverage.


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