Minimizing The Cost Of Auto Insurance Coverage For Teen Drivers

Posted by on Dec 16, 2014 in Uncategorized

Automobile insurance rates are higher for teenage drivers due their relative lack of experience. New drivers are more likely to be involved in car crashes than experienced drivers. With adequate planning, insurance rates can be kept reasonably low as a teenager becomes licensed and learns to safely operate a motor vehicle. Most states have adopted a graduated licensing program, with three license steps. Young drivers are granted greater privileges each year after they demonstrate an increased level of driving skills. After a learners permit and a restricted license, a regular drivers license is obtained. If you are a parent, your teen might be covered under your policy when driving with a learning permit. Contact your insurance company representative to inform them of the situation. When new drivers move up to a restricted license, adding them to your own coverage is probably less costly than obtaining a separate policy. Rates for coverage can be minimized in several ways. Driver training Ask your agent if a rate discount is available after the completion of an approved driving instruction course. Classes are offered in many locations, and online learning options may also be acceptable. Additional training also serves to make any driver more aware of the need for traffic safety.   Good-student discount Many companies offer discounts on auto insurance for student drivers who maintain good grades. The requirement is usually that the student must maintain at least a B average. A college student may need to be enrolled on a full-time basis. A student who demonstrates strong study habits is perceived by insurers to be a more responsible vehicle operator. Cell phone block All drivers need to refrain from cell phone use during driving. If your teen has been issued a smartphone with GPS capability, there are apps available that disable texting and most calls when the car is in motion. The phone is able to call 911 or numbers that you have selected and entered into the phone beforehand. In addition to the safety aspect, your insurance company may offer a rate discount. Additional factors affect the safety of a teen driver. Driving during daylight hours is safer than at night. The presence of teenaged passengers can create additional distractions for a young driver. Avoiding traffic citations altogether certainly helps to prevent rate hikes. Teenage drivers are subject to higher rates for several years, but the available discounts provide rewards for sensible behavior. Contact your auto insurance representative like one from Martin Insurance Company for further information on how to achieve the best coverage solution for your teen...

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Stop Paying High Premiums! Tips For Lowering Your Commercial Trucking Insurance

Posted by on Dec 11, 2014 in Uncategorized

Being a truck driver can be a very rewarding career. It allows you to see some pretty awesome places, and it can be quite lucrative, too. Just like any job, in the trucking industry there are certain tools that you need in order to do the job; and insurance is one of those tools. It safeguards you, and other drivers, from potential harm. However, insurance premiums can be quite high for commercial truckers because the trucks are expensive, they can potentially cause serious harm, and they have a high risk of being stolen. Paying high premiums isn’t the be-all and end-all, though; there are ways that you can lower your commercial trucking insurance rates. Raise Your Deductibles One of the easiest ways to lower the cost of your insurance is to increase the rate of your deductible. The deductible is the amount you pay toward any damages you may encounter before your insurance will kick in. By raising your deductible, the amount you’ll pay out of pocket in the event of an accident, your premiums will almost certainly go down. Set Up an Automatic Payment Plan Another great way to lower your premiums is by setting up an automatic payment plan. Known as Electronic Fund Transfer, or ETF, your insurance provider will be able to take payments directly out of your bank account on the due date. By using this payment method, you can avoid paying late fees, which will certainly raise the cost of your premiums. Plus, you won’t have to constantly remind yourself to pay your bill, which is another definite plus. Pay All at Once If it’s possible, pay your insurance premiums in full. Many insurance providers, such as Truck Writers, do offer a discount if you pay in full, which will allow you to save a great deal of money. Of course, check with your insurance provider first to find out if they do offer this option. You may not want to pay a lump sum if you aren’t going to benefit from doing so. Boost Your Credit Better credit can do you a world of good in so many ways, including lowering your insurance premiums. With lower insurance, you won’t be targeted as a risk to your insurance provider. Many insurance providers actually associate low credit scores with unsafe driving. So, the better your credit score, the lower your premiums will be. By putting these tactics into practice, you’ll be surprised how much you will save on your commercial trucking...

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How Exotic Pet Ownership Affects A Home Insurance Policy

Posted by on Dec 3, 2014 in Uncategorized

The ownership of exotic animals as pets is on the rise. As a result, more and more exotic pets are behind property damages and human injuries. Homeowners who want to join the increasing ranks of exotic pet owners should be aware that their home insurance policies may or may not cover the costs associated with incidents caused by their animals. What is an Exotic Pet? An “exotic animal” is, actually, a term of art; to qualify as an exotic animal, the creature must be a species that is not native to a region. If a homeowner lives in, say, Chicago, then even a pet turtle is classified as an exotic animal. Naturally, the more rare pet choices, like tigers, wallabies and chimpanzees, are also classified as exotic animals. What Exotic Animals are Legal? A homeowner cannot legally keep just any animal as a pet. Federal and state laws dictate what animals a person can legally own, and what additional procedural or licensing steps a person must take prior to owning an exotic animal. For example, Colorado prohibits homeowners from keeping nearly all exotic animals as pets, but allows homeowners to keep a limited number of non-exotic (native) reptiles. This means that a Colorado homeowner could have a pet snake if that species is native to Colorado, but cannot have a snake that is found only in Florida. How Do Homeowners Insurance Policies Treat Exotic Animals? With few exceptions, a homeowner with domestic animals will not have trouble finding an insurance provider. These policies will cover the costs of damages caused by domesticated pets, including dog bites. If a person has an exotic animal or is considering adding one to the household, then things can be more tricky, but not impossible. Insurance providers have what is called an “Exotic Pet Species Index,” which lists the types of exotic animals that its policies will cover. Home insurance providers differ in the species that they allow and do not allow; with a little bit of research, a homeowner can likely find an insurance policy that will cover potential damages resulting from the ownership of an exotic pet. What Happens if a Home Insurance Policy Does Not Cover an Exotic Pet? Most home insurance policies will deny liability if the homeowner’s exotic pet is not approved by the insurance provider. This can be a big deal because between 1990 and 2011 there were about 1,500 exotic animal incidents. Attacks are not the only source of concern for homeowners, either, considering that undomesticated animals can cause a great deal of property damage resulting from their lack of experience living in urban environments. Thus, if a homeowner’s pet tiger bites the neighbor and that homeowner’s insurance policy does not approve tiger ownership, then that homeowner will have to find another way to pay for the neighbor’s injuries. Similarly, if a cute but mischievous (and uninsurable) pet bear demolishes the kitchen,...

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