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How to Find Cheap Auto Insurance for Your Teen

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Auto insurance is one of those monthly expenses we don’t think about often, but it costs most people an exorbitant amount of money. This can be especially true of drivers who fall into certain demographics that the insurance companies view as “risky.” For example, young males 16 to 21 years old are considered to be the worst drivers, in terms of accident frequency. Insurance companies don’t think of teenage girls in a much better light.
What that means, in terms of insurance, is that teen drivers are always going to be charged an absolute maximum for their insurance premiums. This is due to the fact that the insurer knows, statistically speaking, that the teen in question is much more likely to be involved in a costly accident than an older driver would be.
There are ways to get around these unpleasant facts about insuring your teenage driver. Actually, there are several different ways in which you can significantly lower your teen’s auto insurance premiums, or even reduce them to normal rates.

Instructions

  1. Limit the value of the car. The premiums that your teen will be responsible for will be based directly on the value of the car that they’ll be driving. The more expensive the car, the more the insurance company will have to pay if it’s involved in an accident. Therefore, the more expensive the car is, the more the premiums will be. So, get your teen an inexpensive car to lower those costs.
  2. Let your teen drive a car that discourages recklessness. Whether it’s right or wrong, one ironclad fact about the auto insurance industry is that they base their prices on generalizations. And, generally speaking, teenagers who are driving a Ford Mustang are much more likely to drive recklessly, speed, and perform illegal traffic maneuvers, than teens who are driving a Ford Focus. The insurance companies know this, so auto premiums for teens who are driving sportier cars will be much higher than for those driving other kinds of vehicles.
  3. Try to insure the car yourself. If the insurance company doesn’t already know that there’s a teen driver in your household, don’t tell them! Telling your insurance company about your teen driver makes about as much sense as double parking and then telling the next police officer you see that you did so. Instead, simply try to insure the car yourself. This will cost a significantly lower amount of money than if you have your teen get their own insurance, and it will actually save you money on your own premiums because you’ll get a multi-vehicle discount. Likewise, keep in mind that if the insurance company knows you have a teenager in the household, whether they’re actually driving or not, your insurance premiums will definitely go up in price. So, if the insurance company doesn’t ask, then don’t tell.
  4. Look for a high-deductible insurance policy. You can save a lot of money on your teen driver’s insurance policy by choosing a plan with a high deductible. What this essentially means is that if they are involved in an accident then you’ll have to pay a higher dollar amount to contribute to the repairs necessary. Having such a policy will help to alleviate the major concern of the insurance company (that your teen driver will be in an accident and cost them a lot of money) and will allow you to greatly reduce your premiums.
  5. Shop around. This almost seems to go without saying. However, it’s very important that you don’t simply get one quote from an insurance company and then immediately choose to give them your business. Instead, shop around to other companies. If you think their service is overpriced or non-competitive with other rates you’ve been quoted, be honest with them. If you tell one insurance company that their rates aren’t competitive, they may try to offer you something in order to get your business.

How to Get Insurance for a Car Rental Business

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If you intend to start a rental car business you need to find an insurance provider. Rental car businesses need small business insurance as well as a way to provide clients the option of buying extra insurance for vehicles they will drive. Make sure that all of your company policies are intact and well thought-out before comparing insurance options. You should estimate the costs and profit for your business as well as the rates that you intend to charge customers.

Instructions

  1. Write a list of all the cars in your rental fleet. Include model, make, year and license plate number, as well as minor or major damage to any vehicles.
  2. Make copies of documents such as a business license, tax returns and registration for each of your vehicles. Insurance companies will need you to verify all information with proof.
  3. Call insurance companies to request a quote for your rental car business. Most insurance companies provide small business insurance services. If you have a very large rental fleet with many employees, it may be harder to find insurance.
  4. Compare offered rates and coverage.
  5. Select an insurance company and set up a policy to sell temporary insurance to rental car clients. Rental car companies typically offer a number of add-on insurance options to renters, such as personal liability or collision insurance. Most rental car companies charge $10 to $30 a day for these options. Work with your insurance specialist to create this system.

How to Get Cheap Car Insurance for senior citizens or elderly

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Are you looking for cheap car insurance for senior citizens? Finding discount car insurance for elderly drivers or senior drivers is a tedious task. You must do a lot of research in order to find the car insurance for senior citizens that takes into account your particular car insurance needs.

The price of car insurance for seniors or elderly is dependant on the person’s driving record, type of car, type of coverage and more.

Instructions

  1. Find out about discount driving insurance rates for older drivers

    Some car insurance companies offer discount car insurance for senior drivers. Be sure to ask your current car insurance company if they have cheap rates based on your age. You might be able to get a senior discount rate, especially if you have been with the same insurance for many years.

  2. Don’t assume you will get a better rate by sticking with your same policy you’ve had for years

    Once you check out your current car insurance company, make sure to check others. There might be a company that has very good rates on car insurance for senior citizens other than the car insurance company you are currently using. Though it is a pain to switch companies, it is well worth it if you see you can save money.

  3. Search the net or have someone younger do it for you

    If the elderly person is not used to internet searching, have someone younger search the internet for them. The internet is a great place to find cheap car insurance for elderly. You can search many websites and compare senior rates between them.

  4. Take a senior citizen driving class

    Find out from your car insurance company if you can take senior citizen driving classes to lower your insurance rates. Your insurance may approve certain driving courses designed especially for older drivers. Not only will these courses make you a better driver, but they can also lower your insurance rates.

  5. Find out if there are discounts for driving less

    If you are not planning on driving much, you should find out if you can get discounted driving insurance based on this. You might be able to get a discount car insurance for senior citizens package if you drive less than a certain amount.

  6. Use a good driving record to your benefit

    If you’ve always had a good driving record, that will be used for your benefit to lower rates. Car insurance companies will take into account that you have many years of driving experience and a good record throughout this time.

  7. Install safety features in your car

    Installing features such as air bags or alarm systems in older cars can help lower insurance rates for seniors. The more safety features your car has installed, the more probability of lowering your rates.

  8. Consider whether or not you still need to drive

    Before getting car insurance for seniors, consider whether or not you really need to drive at all. If you are retired and no longer going to work, maybe it doesn’t pay to drive. Maybe it pays to just sell your car and use cabs. Maybe it pays to just have someone else drive for you and take your name off the insurance policy. Just because you are not driving doesn’t mean you lose your independence. Carefully consider if driving is worth the expense.

How to Sell Auto Insurance

To become an auto insurance agent, you’ll generally need to take some basic insurance courses and pass a national exam — which you can do either before or after you’ve been hired by an established auto insurance company. The process varies by state, so the first step is to find out what the requirements are in the state in which you want to work.

Insurance Training

  • The National Association of Insurance Commissioners maintains information about each state’s requirements; click on your target state on its Map of NAIC States & Jurisdictions to go directly to the insurance commission Web page in your state. Once there, look for information on property and casualty insurance licensing.

    States will vary in the amount of pre-license training you’ll need to obtain. In Oregon, for example, you’ll need to complete 20 credit hours of coursework, while in Louisiana you’ll do 40 hours for property and casualty providers. Coursework will cover the auto insurance laws in your state, the general principles of insurance, and other basics for selling insurance to clients. Each state will have a list of approved online and classroom schools; choose one that works best for your budget and projected time frame.

Insurance Exams

  • Once you’ve completed your training and passed the exam given by the training program, visit the website of the National Insurance Producer Registry to register and pay for the property and casualty “producer” pre-licensing exam, covering topics you learned in your training program. If you pass the exam, you’ll need to submit a set of your fingerprints to the state insurance commission before receiving your license for that state.

    While you can initiate this process on your own in hopes of landing a job, the other way to start is to apply for a job at an auto insurance company. Companies may want you to have a sales background, and some will help guide you through the training and exams before you begin work.

How to Get Cheap Auto and Renters Insurance Quotes

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Auto insurance quotes are typically much higher than renters insurance, although both are discounted by companies that bundle rates to sell multiple policies. Checking the online car insurance market is a good way to compare insurance quotes. Companies that offer the cheapest car insurance rates and bundle in renters insurance will give cheap insurance quotes.

Instructions

  1. Visit the websites of national online car insurance companies. These companies are highly competitive in attempts to offer the cheapest car insurance rates in the industry.
  2. Type in your zip code and select “Auto” in the drop down for the type of insurance. Click the “Get a quote,” “Start quote” or “Go” button. Fill in all the information requested on each website about you, your car, its safety features such as anti-lock brakes and air bags, driving history and level of coverage desired to get an auto insurance quote.
  3. Compare insurance quotes from the companies to see which ones offer the cheapest car insurance. Click the “Contact” button for the toll-free company phone number if it’s not listed on the home page. Call insurance companies to ask representatives about bundling renters insurance with an auto policy for cheap insurance quotes.

How to Determine Primary & Secondary Health Insurance Coverage

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Having health insurance coverage from a primary and secondary source can reduce or eliminate out of pocket health expenses. Health insurance providers have special rules for families with two or more health insurance policies to follow. According to the Hepatitis C Support Project (HCSP), the rules began in the 1950s when it became more common for both spouses to work outside the home. The Employee Retirement Income Security Act of 1974 initiated a birthday rule to determine primary health insurance coverage for a child with two working parents. Of course, exceptions to the birthday rule make determining primary and secondary health insurance coverage a little more complicated.

Instructions

  1. Charge your healthcare expenses to your health insurance policy. Your insurance is the primary coverage for you. Your spouse’s health insurance coverage is primary for your spouse. However, if your insurance coverage is through Medicaid or VA, and your spouse has health insurance coverage through an employer, then your spouse’s policy is primary for you as well.
  2. Determine whose birthday comes first when you have two married people with dependents. The child’s doctor will bill the primary health insurance provider of the parent whose birthday falls first in a calendar year. For example, one parent’s birthday is January 21, and the other parent’s birthday is October 14. The January 21 birthday is the primary coverage.
  3. Bill health care costs to the custodial parent’s insurance policy first, when parents are divorced or legally separated. This is a general rule unless court documents specify which parent has primary responsibility for health insurance coverage.
  4. Consider which parent has insurance under a current employer if one is retired. Consider which person has been with the same employer the longest when both birthdays fall on the same day. Coverage under a current employer is primary over COBRA insurance coverage. Otherwise, the coverage that started first is the primary insurance coverage when birthdays are the same.
  5. Send insurance claims to group health providers first. Group insurance coverage is primary over individual plans, Medicaid, and VA coverage.

How to Pay Hospital Bills Without Insurance

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Paying hospital bills is a stressful experience if you don’t have health insurance. Five-figure sums are common in the U.S., where medical debt accounts for about half of all personal bankruptcies, reports the Kaiser Foundation. However, hospital bills are negotiable, and various financial help options are available, depending on your circumstances. Whatever route you pursue, plan on putting in a lot of determined effort to tip the scales in your favor.

Apply for Assistance

Contact the billing or patients’ account department to arrange financial help. Many hospitals offer charity care programs that can ease your bill. However, you must ask for this help, and follow the institution’s rules. Some hospitals require that you apply for Medicaid — which is for low-income people — before you can enter their program. Other facilities will ask for financial documents like bank statements, pay stubs and income tax returns to determine your discount, the MoneyUnder30.com website indicates.

Check Bills Closely

Scrutinize bills for errors, overcharges and above market rates. The Medical Billing Advocates of America estimates that eight in 10 bills contain mistakes. For example, make sure you aren’t charged for medications or tests that you never received. Look for billing code errors and duplicate charges. Also, visit sites like Vimo.com to see what hospitals in your area charge for comparable procedures and services. You can also use Medicare rates that the federal government sets in reimbursing senior citizens’ care as another benchmark. Either way, you need this information as the starting point in negotiating with the billing department.

Investigate Alternative Charities

Search online for nonprofit organizations that help uninsured patients. By typing in phrases like, “need help paying my hospital bill,” you should find a charity in your area to contact. For many example, many Catholic, Jewish, Lutheran and Methodist organizations offer programs to anyone, regardless of religion. You can also check directories like Guidestar.org, and click the relevant category. Another option is crowdfunding, or setting up a personal fundraising page on websites like GoFundMe.com. Depending on the site, donors can help by making credit card or PayPal, reports Forbes magazine.

Negotiate a Payment Plan

If you’re rejected for assistance, or don’t meet a program’s requirements, ask the patient accounts manager to set up an installment agreement. This option allows you to spread the cost over a longer time, at an affordable rate, without paying the additional interest charges of a conventional loan. You also get an opportunity to show good faith by making timely payments. As the MBAA’s summary suggests, this factor can help in convincing the hospital to write off the remaining portion, if you experience further financial difficulties.

Seek Government Assistance

Apply for any federal, state or local programs that could ease your out-of-pocket costs. One of the best-known is Medicare — for which you may still qualify, even if you’re an uninsured senior citizen who doesn’t meet its minimum age of 65. For example, the program is also available to people who require permanent kidney dialysis. Once enrolled, you can receive Part A hospital insurance — at no cost — or Part B, which requires a monthly premium, the U.S. Social Security Administration states. You can also consult the U.S. Health Resources and Services Administration website to determine what programs exist in your area.

How to Get Health Insurance to Cover Chiropractic Care

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Chiropractic care entails diagnosing and adjusting back problems by manually manipulating the bones in the spine to ease pain and restore mobility. Years ago, chiropractic care and other forms of alternative medicine were considered unorthodox and often weren’t covered by health insurance providers. Today, as more and more insurance carriers are looking for ways to promote wellness and good health, the rules have changed.

Get Health Insurance to Cover Chiropractic Care

  1. Find out what is covered by your health insurance plan. Check to see if your chiropractic care team is listed among their approved providers for those services.
  2. Determine if your insurance carrier is an HMO (Healthcare Management Organization) or PPO. HMOs will generally only cover practitioners who are on their approved list. PPOs tend to pay for any chiropractic service, usually up to 80 percent of fees charged by providers not on their preferred list, as well as a prearranged fee to the provider if they are preferred.
  3. Get your chiropractor’s office team to help you find alternatives to your health insurance if you can’t get coverage for your visits. Many practitioners have special financing plans available.
  4. Look for more information about insurance coverage and rights of the insured online at the Insurance.com Web site (see Resources below).

Ways to Sell More Insurance Policies

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Selling insurance isn’t an easy job, especially when the economy is struggling. Consumers are less likely to spend money on insurance policies of any kind, whether life, health or property. As an example, the Insurance Information Institute reported that the net income of property and casualty insurers fell 59.3 percent in the first half of 2009. If you want to sell more insurance policies, you’ll have to convince consumers that what you’re offering will benefit them, even when money is tight.

Selling insurance isn’t an easy job, especially when the economy is struggling. Consumers are less likely to spend money on insurance policies of any kind, whether life, health or property. As an example, the Insurance Information Institute reported that the net income of property and casualty insurers fell 59.3 percent in the first half of 2009. If you want to sell more insurance policies, you’ll have to convince consumers that what you’re offering will benefit them, even when money is tight.

Convince Need

  • Consumers today are worried about their finances. They see that unemployment is still high–it reached more than 10 percent in October 2009, according to the Bureau of Labor Statistics–and worry for their own jobs. As an insurance salesman, no matter what product you are selling, you can’t ignore this.

    You have to convince consumers that not only do they need what you are selling, but that it will help them through the country’s economic hard times.

    If you sell homeowners insurance, you might inform your potential clients about how a policy can save them significant money if they are robbed or if a tree falls on their home. If you sell auto insurance, you can explain to them that they’ll be in far less serious financial trouble if they have a good auto insurance policy should they get into a serious traffic accident.

    And if you sell health insurance, make sure to inform potential clients about how financially devastating a serious injury or illness can be when patients don’t have adequate health insurance.

    Remember, more consumers are only spending money on absolute necessities these days. It’s your job to convince these consumers that your insurance is one of these necessities.

Save Them Money

  • Consumers are looking for bargains. You can help them by offering them discounts on your insurance policies. If you work for a major insurance company, you probably can offer several different discounts. Make sure to highlight these for your potential customers.

    For instance, if you’re selling auto insurance, make sure to highlight the discounts you can provide to drivers with good driving records or to those who commute to work each day on the train while leaving their cars in their garages. And don’t forget to mention the discount you can provide to drivers who have equipped their cars with security systems.

    If you’re selling life insurance, make sure to emphasize that you can provide discounts if the potential customer is a non-smoker. If you’re trying to move homeowners insurance, tell customers that you can cut their monthly premiums if they purchase home security systems.

    And don’t forget that your customers can receive discounts if they take out more than one type of insurance–say life insurance and auto insurance–with you and your insurance company.

    These discounts might convince otherwise leery customers that your insurance policy is a good buy.

Make It Easy On Them

  • Consumers have always been busy. They’re juggling more than ever, especially because so many are working harder for less money. This means that they want their financial transactions to be easier than ever.

    As an insurance agent, it’s your job to get in touch with your clients when they might need to update their insurance coverage. When your customers call you, you must get back to them quickly. You must provide them with a multitude of ways to contact you, including email. In fact, many customers prefer talking to their financial professionals strictly through email. They don’t have time to make a phone call.

    If you want to sell more insurance policies, you must adapt to the changing world of business. Speed, added value and discounts are all musts today. If you ignore this, you run the risk of seeing your yearly revenues dry up.

About Cheap Car Insurance for Young Male Drivers

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Statistically, young male drivers are the biggest risk for auto insurance companies. Guys between the ages of 18 and 25 have more accidents than any other group, male or female. Because of this, it makes sense that insurance companies charge young men more for coverage. Fortunately, there are ways to lower the cost.

Function

  • A car insurance policy will cover damages to another person’s property and physical injuries, if either or both were caused by the insured driver. Some policies will also pay for repairs to the insured driver’s vehicle, whether he caused them or something or someone else, such as an uninsured driver or a hailstorm, caused them. A young male driver should determine what type and how much insurance he will need. He should then shop around with several agencies to find the best deal.

Types

  • Comprehensive car insurance is the most inclusive type. That also makes it the most expensive. If you are trying to save money, you should probably look at other types, unless you are financing your car. If so, full coverage will be required. Fire and theft insurance covers less than comprehensive. It will pay you if your car is stolen or damaged by fire, though. This type costs less than full coverage, but third-party insurance is the most affordable. This basic type of insurance covers only damage caused by the insured party to another vehicle or person.

Features

  • A clean driving record equals a lower insurance premium. Strive to keep yours free of speeding tickets and other citations. If you do receive a ticket, find out if you have the option of taking a defensive driving course to avoid having points added to your license. More points mean a higher payment. In addition, if you are currently a student, the higher your grade average is, the lower your premium might be. Ask insurance companies how these qualities will get you cheaper insurance.

Considerations

  • Choosing the right car will also help you get the cheapest insurance. As a rule, the less expensive a car is, the cheaper the insurance will be. Domestic vehicles usually help you garner a lower rate, as do slower ones. Six cylinders cost less to cover than eight, and four cylinders will be cheaper than six. Forget about a hot sports car or sporty SUV. If your goal is affordable insurance, a four-door or minivan will be your best bet.

Prevention/Solution

  • When shopping around for car insurance, ask questions. Find out about every discount available to see if you qualify for any. By limiting the amount of driving you do, you can substantially lower your rates. Finally, set a higher deductible. You will pay more out of pocket if you are involved in an accident, but you will pay less up front. Besides, by continuing to drive safely in your sensible car, your likelihood of having any accidents will greatly decrease!

How to Get the Cheapest Car Insurance

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Getting discounts on your car premium quotes is easy if you know how to shop for it. Auto insurance companies offer several discounts if you prove that you are a low-risk driver. Here are some ways to get the cheapest car insurance.

Instructions

  1. Ask your insurance company representative if you qualify for premium discounts. You may get a cheap quote depending on your profession. For example, writers who work from home usually pay a low premium. They drive less and are not prone to hectic life schedules, since they work from home.
  2. Learn the art of lowering the quotes. If you choose a residence closer to your workplace, you will pay a lower premium. Moreover, if your home is located in a safe neighborhood (low crime rate), you qualify for a cheaper quote.
  3. Consider buying a multi-person policy. You can get coverage for more people under one policy. Put the names of family members under the name of the person who has the best driving record.
  4. Renew policies from the same insurance company. Often companies provide discounts on renewals. The moment you establish a driving record with a company, it knows you are likely to get a cheaper quote from other providers. This qualifies you for a lower quote. Moreover, if you had no claims during your previous terms, you qualify for such discounts.
  5. Take a defensive driver’s course. You will receive a certificate of defensive driving that you will have to submit to your company at the time of application. Taking this course lowers your premium substantially.
  6. Submit your report card if you are a young driver studying at an educational institution. If your report card is excellent, you are likely to receive a cheaper quote.
  7. Take advantage of being a senior citizen. You may qualify for senior discounts and get cheap insurance.

How to Get GEICO Car Insurance Discounts

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The Gecko with the Australian accent is certainly a charmer. GEICO car insurance can also charm you into their business by offering great discounts. If you are a GEICO customer you can easily cut your car insurance costs just by making a simple phone call. Here are some steps to get the most discounts.

Instructions

  1. Switch to automatic debit from your checking account if you are a Bank of America customer. GEICO knocks 3% off your premium.
  2. Take 5 minutes to check to see if you are a member of a Partnering Organization. GEICO has over 275 groups, which they offer discounts to members. Look at the resource section for the link with complete listings.
  3. Note if you are a member of the military. This includes active duty, retired, reserves, and the National Guard. You’ll get 15% off.
  4. Let your customer service agent know you use seatbelts, if this discount isn’t applied yet.
  5. Tell GEICO about any changes in where you park your car. Going from street parking to a garage can lower your premiums.
  6. Take a defensive driving course. If you are over 50, GEICO can take off 5-10% from what you pay.
  7. Sign into Geico.com and review what other discounts are offered online. Many times it is according to what state you live in.

How To Insure Your Wedding Dress

With rising wedding costs and planning timelines of a year (or more) before the big day, the risk of unexpected or last-minute nuptial mishaps is increasingly present and ever more costly. The wedding dress, the centerpiece of many a bridal fantasy, is no exception. Protecting that investment – an average of $1,357 is now spent on the gown – from the “say yes to the dress” moment to the walk down the aisle can provide welcome peace of mind for emotionally and financially invested couples and their families.

Check Your Existing Coverage
Before purchasing any wedding-specific coverage for your nuptial attire, check your homeowners or renter’s insurance policy. Items such as wedding wear, along with gifts and liability, may fall under your existing policy. Speak with your insurance agent about coverage specifics and review the language of your policy to become familiar with any special rules or procedures you need to follow to qualify for a claim. You don’t want to lose your opportunity for coverage due to a failure to follow terms.

If you used a credit card to purchase your wedding dress, tuxedo or other attire, you will have the added protection of the federal Fair Credit Billing Act, which affords you the right to dispute billing errors and fight back against vendors, potentially recovering losses should something go wrong.

While helpful in providing an additional safeguard, relying on your credit card alone for the protection of your wedding attire, particularly when purchasing or making deposits far in advance, is not necessarily fail-safe.

Insuring Your Dress – And More
You can insure your gown under a broader wedding-insurance policy that covers photos, gifts, rings, deposits and other nuptial essentials, as well as a variety of potential wedding-related incidents, such as a vendor going out of business or delays due to sickness or injury of an essential member of the festivities. In short, wedding insurance is a tool to protect a couple’s investment in their big day from circumstances beyond their control. Disasters involving the gown are no exception.
This type of insurance is available through the Wedding Protector Plan from Travelers Insurance, the WedSure Plan from the Fireman’s Fund and WedSafe Wedding Insurance offered through Affinity Insurance Services Inc.

What’s Covered?
Wedding-dress coverage varies, depending on the provider and policy, but typically, wedding insurance covers loss, theft or damage to the bridal gown as well as to other attire specific to the big day.

Circumstances beyond the control of the couple are reimbursable – for example, if the shop fails to deliver the dress, the seamstress ruins the alterations or the tux is torn or lost on the plane.

However, most plans do not cover “changes of heart,” i.e. wedding cancelation costs due to the bride and/or groom deciding not to get married. The one exception is WedSure, which only covers party funders who are not the bride and groom – and only if the cancelation is made more than 365 days before the first covered event.

Buying Wedding Insurance
You can purchase wedding insurance at just about any point in the wedding-planning process. The Travelers Wedding Protector Plan, for example, covers deposits made prior to purchasing the insurance as long as receipts are available and no impending or existing claims are present when you buy the insurance.

When estimating the coverage you need for your attire, consider the cost of your gown, veil and all other bridal-party wear. Typically, there is a specified maximum amount that can be claimed under each coverage section of a wedding plan – in this case, attire – and it ranges depending on the provider and policy.

A deductible may or may not apply; the Wedding Protector Plan, for example, doesn’t have deductibles. If you have a claim, covered losses are paid from the first dollar up to the applicable limit. Just be sure you understand the details of the specific insurance plan you intend to purchase and keep records of receipts and any other relevant paperwork in the event that you need to file a claim.

Basic policies for weddings usually cost between $150 and $550. Considering the cost of the average wedding today – over $30,000 – the price of protection is not a high one to pay.

Excluding Spouses From Auto Insurance Policies

Excluding a spouse from your auto policy could have financial and legal consequences if your spouse has a valid driver’s license and regularly operates your car. In some cases, there may be a valid reason for the exclusion. It may be necessary to speak with your insurance agent to determine if excluding your spouse is recommended or required for your situation.

The Facts

  • An exclusion is a provision in your insurance policy that eliminates coverage for a specific individual or for certain risks. An insurance company has the right to exclude any driver that does not meet the company’s underwriting guidelines. On the other hand, you have the right to request that the insurance company exclude certain drivers from coverage, such as teen drivers, roommates or your spouse.

Significance

  • You may exclude a spouse from your auto insurance if you do not want him covered or your policy, Your insurance company may also require that you exclude your spouse for underwriting reasons. Your insurance company require an exclusion if your does not meet underwriting criteria related to driving and claims history. The company does this if they have no rating criteria for your spouse’s record. Rather than not charging enough premium or canceling the entire policy, the company will exclude your spouse from the policy. If your spouse does not have a valid driver’s license or has a disability or illness and cannot drive, he will be excluded from the policy.

Advantages and Drawbacks

  • Excluding your spouse may have some advantages. For instance, if your spouse has a bad driving record that would cause your insurance premium to dramatically increase, it may be less expensive to exclude your spouse from your policy and allow him to obtain his own policy.

    A drawback to excluding your spouse is the fact that he will not have coverage while driving your car. If your spouse will drive your car even once, he should be included on your policy to avoid legal complications if an accident occurs. If you are excluding your spouse for reasons other than driving record, it may cause your premium to increase with some insurance companies. Many companies offer discounts to couples if both partners are insured on the same policy.

Consequences

  • Both you and your spouse can be in legal trouble if your excluded spouse is involved in an accident while operating the vehicle. The insurance company will not cover property damage or medical expenses that result from the accident. If your spouse is liable for the accident, she responsible for paying all expenses including court costs and monetary awards that result from a lawsuit. Further, your insurance company may accuse you of misrepresentation or fraud for not including your spouse on the policy although your spouse has regular access to and drives your vehicle.

What Does My Auto Insurance Policy Cover When I Rent a Car?

When you rent a car, you’ll probably be asked if you want to purchase the additional rental insurance provided by the agency. Deciding is not always easy. On the one hand, it can be pricey, and it’s possible you might already have more than enough coverage. On the other hand, you don’t want to forego coverage unless you’re 100 percent sure you don’t need it. Checking the wrong box on that rental form could potentially result in some pretty hefty out-of-pocket expenses in the event of an unfortunate mishap.

Your Insurance

According to Geico, if you already have full coverage on your personal vehicle — including comprehensive, collision and liability coverage — your insurance policy will normally extend to any rental that has a value close to that of your personal vehicle. This type of coverage will even cover you if the rental is considered a total loss in the event of an accident. There is a thin line between being covered and being under-insured, however. Before you turn down coverage at the rental desk, give your insurance agent a call to make sure you understand exactly what is covered when you rent a car, and what isn’t. If your personal policy doesn’t cover everything, you’ll want to purchase whichever coverage your current policy is lacking at the rental desk.

Rental Insurance Options

Rental companies offer a handful of different coverage options. There is the waiver of damage, which covers all or part of the cost for any damage or theft of your rental – assuming you’ve complied with the terms of your rental contract. Supplemental liability coverage covers you – often up to $1 million – if you’re sued by the other parties in an accident. Personal accident coverage covers medical bills and death for the driver and passengers of your rental care. Personal property insurance covers personal items in the event that someone breaks into the vehicle.

Warning

  • If you decline insurance coverage from the rental company, and your current policy doesn’t cover you, you will be considered an uninsured driver in the event of an accident. You will be liable for all medical bills and auto repairs, along with any other judgments against you if you don’t have coverage.

Credit Card Insurance?

According to eSurance.com, it is possible that you have at least some coverage from the bank that issued the credit card you use to rent a car. Most major credit card companies include at least collision coverage if you use their credit cards to pay for your rental car. Some companies even offer additional coverage that you can purchase that may be cheaper than what the rental company offers. Contact the customer service department at the number listed on the back of your credit card and ask about coverage options.

Health Insurance

Your current health insurance may also provide coverage for you, your passengers and anyone else that may be injured in an at-fault accident. Go over your health insurance policy and compare the limits to your state required minimums. Even if your health insurance covers you in a rental car, you might need to purchase the supplemental liability insurance.

Can You Have Two Auto Insurance Policies on One Car?

Most states require all drivers to carry insurance on the vehicles they are driving. The easiest way to insure another driver in your household is to add him to your current policy; however, if you want to maintain separate policies it is legal to do so. If a driver has a DUI conviction, she may have to get separate insurance on any vehicle she drives.

Living in Two States

  • If you live or work in two states, you may have to buy a separate policy in each state, depending on the state’s minimum insurance coverage laws. For example, some states may require you to have a higher amount of property damage or bodily injury coverage than others. If you plan to spend a significant amount of time in more than one state, contact your insurance agent to determine whether you need to purchase two separate policies.

Non-Owner Policies

  • If a teenage driver or other member of your household does not own a vehicle, he may be able to get non-owners’ insurance. Non-owners’ insurance is a secondary type of insurance on a vehicle, in which a driver who does not own the vehicle is covered by a separate policy if the primary policy on the vehicle does not cover him. For example, if your teen drives his best friend’s car and gets into an accident, her non-owner insurance covers her if the owner’s insurance does not cover drivers who do not live in the household. You cannot purchase non-owners’ insurance on vehicles owned by other members of the driver’s household. For example, you cannot purchase non-owners’ insurance on your vehicle to cover your son while he is driving.

DUI Insurance

  • In some states, drivers who have been convicted of a DUI must carry high-risk insurance for several years after their conviction. Drivers who do not comply with this requirement risk losing their license until they comply. If someone in your household has a DUI conviction, he may be excluded from your insurance policy due to the conviction. The DUI offender’s insurance covers him if he drives your vehicle, while your insurance does not.

Considerations

  • Purchasing more than one policy on the same vehicle can be more expensive than adding a driver to your existing policy. Many insurance companies require you to add all licensed drivers in the household onto your policy, so you may be insuring your spouse or child twice if he maintains a separate policy. If you wish to maintain separate policies, you should use the same insurance company so that you can get a discount for having multiple policies with the same company.