Cheap Auto Insurance Tips

Auto insurance is one of the most common. Every self-respecting vehicle owner insures his means of transportation just in case although hoping that everything’s going to be fine. In this case you seem to simply waste your money when buying insurance. It is very important to choose the right policy for your specific vehicle and also the one which won’t cost much in these hard times of economic recession.


This does not only mean that the car insurance has to be cheap, we as well want to have low car insurance rates and better coverage. The following factors are to be considered in this case.
Remember that your insurance company is not the only one out there. You will have to consider switching to a different insurance carrier which offers better rates on the criteria you are looking for.


Low car insurance rate also depends on your driving history – the better your driving record is, the more likely you will be able to find a lower car insurance rate. However, it is also worth mentioning again that with the same information provided different companies offer different rates.


The Internet makes it easy and fast to compare several car insurance quotes in a few hours, and it allows you the luxury of comparing them at home. But comparing rates company by company can be very time-consuming and not practicable for many. There are a few web sites that offer you several car insurance quotes with one form submission. This is the easiest way to get several quotes to compare.


Don't think each car insurance quote will be the same, they won't be. Each one will be different, and some will be less than you’re paying on your current policy. Make sure to consider what coverage you need, or what coverage you currently have. It is a good idea to have your policy in front of you while doing the online quote submission. If you put in different coverage types, you will get different quotes. Obviously, the more coverage you want the more expensive the quote will be. It's a good idea to put in different coverage types and see what happens.


What deductible amount are you looking at? You may want to raise it so you can get a lower car insurance rate. You may also want to lower it or keep it similar to your current coverage.


There are many cars that are considered high risks to insure because they are often the target of vandals and thieves. You can find this information online before you go the car insurance site. The age of your car is also taken into consideration. Know what kind of theft protection and safety equipment your vehicle has. You will have to fill this information in on your insurance quote form.


These slight tips are not enough of course to guarantee that you will get the cheapest insurance at the lowest rate but they at list may hint the right direction in your quests and search!


Drive safe!

A Decade Older

One of the successful direct-to-consumer personal auto insurance companies, Esurance, has recently celebrated its 10th anniversary. It is considered to be an important milestone for the innovative company.


Esurance was started on December 16, 1999 to improve the way people shop for, buy, and manage their auto insurance. A decade of hard work has its fruits - Esurance sold more than 1.5 million auto insurance policies, and insured more than 2.2 million drivers.


Over 10 years, Esurance has become the third-most recognized personal auto insurance provider on the Internet. By combining best-in-class Web-enabled technology, underwriting expertise, and a culture of continuous improvement, Esurance has become a leader in a competitive industry.


President and Chief Executive Officer, Gary Tolman, described the last 10 years by saying, "Our parent company, White Mountains Insurance Group, Ltd. WTM, helped nurture Esurance as we became a significant competitor in the personal auto insurance space. We are grateful for their tremendous support over the years. Now, after a decade in business, Esurance has matured into an established, well-known insurance carrier."


Esurance began its activity providing Web-enabled insurance services long before most of its more established competitors. Esurance was one of the leaders in making the purchase of auto insurance simpler and faster for customers by introducing electronic signatures, real-time underwriting verification, and actionable comparison quotes. Over the past 10 years, the company has created reliable, proprietary, Web-based systems throughout its entire technology infrastructure, including quoting and purchasing, policy management, billing, customer service, and claims handling.


In 2004, Esurance launched television advertising featuring the company's animated icon, Erin Esurance. The colorful animated television spots helped Esurance stand out in a competitive category and supported the Esurance brand as innovative and fun-- adjectives not often used to describe personal auto insurance. Today, the Esurance brand is recognized by 2 out of 3 people in the United States.


More recently, White Mountains' purchase of Answer Financial, one of the largest U.S. personal insurance agencies, brought it and its capabilities into the Esurance family. Esurance has partnered with Answer Financial since 2003, but the enhanced relationship now allows consumers shopping on the Esurance Web site to purchase insurance coverage from multiple leading insurance companies.


Esurance has earned an "A-"(Excellent) rating from A.M. Best Company, an independent firm that rates the financial strength and performance of insurance companies.


Tolman concluded, "We will use our experience from the last 10 years to guide our success in the next decade. I am proud of what we have accomplished, and I would like to thank all of our associates for their continuing hard work and dedication to the company. We very much look forward to the next 10 years."

Prime America Life Insurance

If you have decided to buy a life insurance policy you must have given it a time of contemplation considering all pros and cons. Here you are all confident and sure that you really need it. And when you just thought that the truly hard part was over, here comes another issue to think through: which insurance issuer to chose.

In search of the right kind of life insurance to meet your needs, you will have to review a wide range of companies and policies. In your research you will definitely come across Prime America as one of the largest life insurance policies. The company maintains a comprehensive web-presence, and is among the most accessible. There are many options offered by Prime America Life Insurance.

Prime America's life insurance policy is extremely simple and easy to understand. It is very blunt about the fact that the life insurance policy it offers is not an investment. The site cautions that while some forms of life insurance have an investment component to them, it reminds you that those forms of insurance still need to cover death benefits and attendant risks in order to function. Whole life insurance, the term used to denote life insurance with an investment involved, is often a great deal more expensive than term life insurance.

If a person chooses term life insurance Prime America Life Insurance provides affordable rates for a specific period of time insuring an individual's life. At the end of the term life policy period a new policy can be instituted for an additional number of years. Term life insurance is very popular for most people because it is relatively reasonable when compared to whole life and is usually easier to acquire than whole life policies.

Whole life insurance provides coverage throughout a person's life and has premium rates which increase periodically based upon many factors include the age of the individual when rates and premiums are calculated.

The company offers many educational and training tools to their customers to assist them successfully meet the major milestones in their life. Among these are extensive programs in teaching clients how money works and how the amount of their life insurance, whether it is term life or whole life can affect your own future as well as that of your family.

If you really think you need this type of policy make sure you read thoroughly all the information, learn peculiarities of each policy type especially the one you will decide to chose. It is a huge investment and you may suffer losses in case you decide to terminate your policy.

Insurance Types

Look at the list of insurance types and variations and then take a time to count how many of them are there. People insure everything they want: it depends on their income, spare time and creativity.

We will review pros and cons of three types of insurance today: life insurance, health insurance and less significant but yet not useless – travel insurance.

Whole life insurance. For many years whole life policies were the predominant type of life insurance sold in America.

Pros. If a life insurance policy holder dies his family members get set benefit upon his death.

Cons. Although the money stored by the insurer in case for your death belong to you, you cannot withdraw them whenever you want like from a bank account. In order to withdraw funds, you can either surrender the policy for its cash value or take the needed funds as a policy loan. If you surrender the policy then you’ll be burden with huge taxes and a policy loan places high interest rates.

Health insurance. Health insurance is a great thing if you can afford it.

Pros. An insured patient gets a different level of service than an uninsured patient. The fact is your chance of dying from a life threatening illness is 7 times greater if you don't have health insurance. Another positive aspect about HMOs is they pay for programs that are aimed at keeping you healthy such as yearly checkups, gym memberships, etc. They do this so that they will not have to pay for more costly services if members were to get sick.

Cons. The disadvantage is giving financial incentives to doctors for limited care and your doctor might try and skimp on your treatment. You can't expect treatment on demand either. Another con to health insurance is most people have to pay for it out of pocket; if it's not provided by an employer.

Travel insurance. I think this is something people invented out of boredom. Troubles and misunderstanding are common things but they are not the end of the world. And if say a plane crashes and a person dies then it’s not travel insurance but whole life one that would be more appropriate. In comparison to this travelling trouble others seem so minor, right?

Pros. It gives you piece of mind: the insurance company reimburses all losses. Travel insurance may provide additional coverage beyond what is available from other sources. For example, it may boost the reimbursement rate for lost, delayed, damaged or stolen bags over airline limits.

Cons. Travel insurance may be unnecessary if you already have adequate coverage from other sources. For example, many credit cards provide holders with travel assistance and travel protection benefits. Travel insurance coverage also has limitations. For example, it will not help you if bad weather puts a damper on your vacation; it won't pay out if you change your mind and decide not to take the trip and the like.

Before buying an insurance policy, first think whether you really need it and then consider all its pros and cons.

American Income

The first candidate for our examination will be American Income.

The company is quite well-known that is why will not stop on its profile detailed. Maybe a few words for those who may not have heard about it.

American Income American Income is a US-based life insurance company. American Income is licensed in 49 states, the District of Columbia, Canada, and New Zealand. Its subsidiary company, National Income Life Insurance Company, is licensed in the state of New York.

Now let’s read about the products offered by the company. As well as any other company who’s targeted at good profit, American Income has several Premium plans that are offered to the financially benefited. These products include:

 

• Whole & Term Life Insurance; 
• Accident & Hospital coverage; 
• Cancer coverage; 
• Critical Illness coverage; 
• Terminal Illness coverage; 
• Strike premium waivers;

• Layoff premium waivers. 

However, there is another option offered by the company to the rest (less well-off customers) - No-Cost Products available to families of labor unions, credit unions, associations, and other organizations:

• Group AD&D
• Family Information Guide
• Identity Theft Prevention Brochure

• Social Security Benefits Update.

If you an Individual without an organizational sponsor for coverage through AIL applies for life insurance, the following opportunities are still available:

• NO COST Partners Discount™ Program
• NO COST Child Safe Kit©

• Life & Supplemental Insurance.

By describing these options as NO COST, the company implies – huge discounts (up to 60%) on medicines and some medical services at a symbolic price of the policy per year.

NO COST Child Safe Kit© is a free kit which may help parents prevent their children to be in the list of those 800, 000 missing each year.

Among other Supplemental Insurance American Income offers accident policy, hospital indemnity, cancer protection, critical illnesses, and terminal illness rider.

Insurance Companies

Hi there!

I'm starting a new blog... It will be dedicated to insurance industry and its separate representatives - insurance companies. Little overview of the industry's activity and fund flows won't be odd. 

Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm, Swiss Re, worldwide insurance premiums totaled $4.270 trillion in 2008 (the latest data available), up about 6.3% from $4.061 trillion in 2007.

And now look at the American insurance industry rate in the light of global figures and data. In the USA the insurance industry’s net premiums written totaled $1.1 trillion in 2008, with premiums recorded by life/health (L/H) insurers accounting for 59 percent and premiums by property/casualty (P/C) insurers accounting for 41 percent, according to Highline Data, LLC.

P/C insurance consists primarily of auto, home and commercial insurance. Net premiums written for the sector totaled $441 billion in 2008.

The L/H insurance sector consists primarily of annuities and life insurance. Net premiums written for the sector totaled $628 billion in 2008.
Private health insurance is generally considered separately. It accounted for $609.2 billion in premiums in 2008, according to the National Association of Insurance Commissioners. This includes premiums from health insurers as well as smaller amounts from L/H and P/C insurers.

There were 2,741 P/C insurance companies and 1,128 L/H insurance companies in the United States in 2008.

The U.S. insurance industry employed 2.3 million people in 2008. Of those, 1.4 million worked for insurance companies, including life, health and medical insurers (804,200 workers) P/C insurers (569,200 workers) and reinsurers (28,400 workers). The remaining 907,000 worked for insurance agencies, brokers and other insurance related enterprises.

As a result of globalization, deregulation and terrorist attacks, the insurance industry has gone through a tremendous transformation over the past decade. Massive sources of insurance company earnings come from the sale of annuities and other retirement and investment products, along with profits (or losses) that insurance underwriters earn on their own assets and reserves.

Insurance companies seem to be of great help and benefit whenever a policy holder needs money in critical situation. However, it is not always the case that insurance companies treat their customers fairly.