Latest Insurance News

Health Insurance Reform Losing Steam

Posted on August 31 2009 at 07:59 AM

A poll was released over the weekend showing Americans are less concerned about health care costs than they used to be. Americans are less worried they will lose their health care ...

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Insurance Companies

Posted on August 27 2009 at 07:06 PM

Don't think insurance companies are that important to the economy? AIG was the largest insurance company in the world and when it almost failed, it cost US Taxpayers over $85 Bill...

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Health Insurance War?

Posted on August 26 2009 at 12:02 PM

Town Hall meetings are turning into armed bar brawls...politicians are comparing each other to Hitler...other politicians are degraded American Citizens speaking their minds...the ...

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States likely to increase minimum car insurance requirements

Posted on August 26 2009 at 11:58 AM

Several states are considering raising the minimum amount of liability car insurance required. Most states currently require a minimum of $20,000 in liability insurance with some ...

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AboutInsurance.com provides free information to help consumers understand the different insurance coverages and options available. Users can learn about things such as which deductible amount to choose, how to choose an insurance agent, which type of coverage is right for them, etc... Users can also find local Insurance Agents in their area as well as search through current insurance offers from different insurance companies.

Insurance Buying Tips

1. Find a Good Insurance Agent

Buying insurance can be confusing. There are different coverages, deductible amounts, co-insurance requirements, insure to value clasuses, and many more terms that ordinary people simply do not understand. A good insurance agent can help you navigate through the sometimes complicating process. And if you have an insurance claim, agents can help with that too! You can find a local agent in your area at our Find An Agent tab.

2. Choose your Deductible wisely
Many insurance policies such as HomeOwners Insurance and Car Insurance policies have Deductibles. Many people tend to choose high deductibles because it lowers their overall premiums. However, be aware. Do not choose a deductible that you cannot afford if you have a claim. If you cannot afford to pay $1000 out of pocket, do not choose a $1000 deductible. When choosing a deductible amount, select the highest amount you can afford to pay out of pocket, but nothing higher.

3. Shop Around
There are a large number of insurance companies offering all types of insurance. So shop around and get multiple quotes for whatever type of insurance you are looking for. A good insurance agent will obtain mulitple quotes on your behalf. It costs nothing to get a quote and you can save a lot of money!

4. Always Buy State Required Insurance
Some types of insurance such as Life Insurance are optional. Others, such as Car Insurance, are mandatory. Almost all states require motor vehicle operators to purchase a minimum limit of Auto Liability Insurance. If you do not purchase your state's compulsory auto insurance and you are caught driving without the minimum required insurance, can you lose your driver's license.

5. Get Discounts when possible
Most insurance companies will provide significant discounts if you buy more than one type of insurance from them. For example, many insurance companues will offer a 10%-15% discount if you purchase both your Homeowners Insurance and Car Insurance polices from them. Same applies with other types of insurance policies such as Boat Insurance, Motorcycle Insurance, Renters' Insurance, Life Insuranc,etc... These discounts can save you hundreds of dollars each year.

Buying insurance does not have to be burdensome. By following the tips above, you can make the process easier and hopefully save some money while doing it.
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