How To Easily Get Low Cost Car Insurance

If you are a busy person, and you have a busy schedule that you must adhere to every single day, you are likely not very interested in the idea of spending countless hours tracking down the cheapest insurance products you can buy today. If you would like to make the process of finding a low cost car insurance product easy to manage, then you should use the following tips.

Tip 1- Find out what the legal insurance minimums are in your area. Most states mandate that all drivers have a specific amount of coverage in order for them to be legally on the road. By uncovering the minimum amount of protection you need to drive your vehicle legally, you can easily cut down on the cost of your coverage.

Policies are often much more affordable when they do not come with a substantial amount of coverage. As you decrease the amount of coverage your policy comes with, you effectively reduce the amount of risk your provider faces by insuring you and you decrease the cost of your policy.

Tip 2- Reduce the size of your policy’s deductible. The deductible that is attached to your policy can also adversely affect the price of your coverage too, because a small deductible means the provider you are using faces more risk by insuring you. If you simply increase the size of your policy’s deductible as much as you can, you take away a substantial amount of that risk and you effectively decrease the cost of your coverage.

Tip 3- Look for special discounts. While some of the special discounts providers offer to their customers might seem insignificant, when they are all combined together, they can easily add up to a hefty amount of money. By qualifying for multiple discounts when you purchase your policy, you will likely obtain one of the cheapest insurance policies available in the industry today.

Tip 4- Buy a safe or a cheap car. Safe and cheap cars are often very affordable to insure, because the insurance companies face less risk by insuring drivers who are behind the wheels of these vehicles. A fast high quality sports car obviously comes with much more risk than a low quality, but safe vehicle. For this reason, you might be able to reduce the cost of your insurance coverage by as much as a few hundred dollars a year just by changing the vehicle you drive. If you combine this tip with the rest of the tips too, you will certainly get low cost car insurance as a result.

Errors & Omissions Insurance Won’t Protect Your Financial Career

Financial Advisors and Financial Service Professionals are mandated to carry Errors & Omissions Insurance, but unfortunately this will not protect your career or credibility should something go wrong. A highly capable and qualified financial advisor I know was recently investigated due to the fraudulent actions of one of her clients. Even though it was later discovered that she was in no way connected to her client’s crime, the process for proving her innocense cost her the career she spent years building. Her licenses were suspended for nearly four months while an investigation was conducted by the SEC, NASD and her broker/dealer. During this investigation, she was not permitted to contact her clients. Yet, those conducting the investigation did contact every single one of her clients, asking some very detailed information. Immediately, more than 75% of her clients jumped ship. Her Errors & Omissions Insurance could not protect her, but there is a solution.

I recently met a financial advisor and sales manager for a Fortune 100 company who described an amazing service — Pre-Paid Legal Services, Inc. (USA) and Pre-Paid Legal Care of Canada Corporation (Canada), something I had heard of before but was rather skeptical of. He mentioned how he recommends that every single advisor and agent in his company MUST carry PPL’s services as a means to properly protect their business and career. During a recent investigation in his office, this sales manager had an agent who was notified that a complaint had been filed. Fortunately, the agent did keep very good records and files. But, because he also had a PPL membership he was able to have one of the best law firms in the state at his disposal to review and advise him of his legal rights. It was quickly discovered that the agent had followed proper procedures but that his client had declined a disability insurance policy only later to have filed a complaint that no such offer was given after the client injured himself on the job. PPL’s law firm quickly stepped in and wrote a letter to all parties concerned. It was estimated that the low-cost legal insurance monthly fee of $26 this advisor paid saved him $1,000 in retainer fees plus $600 for the letter drafted and mailed to all parties, as well as possibly saving him his career and credibility from further investigation and suspension.

I told this story to a Vice President from a leading Canadian national financial advising and insurance provider. The entire company is considering this service for all their advisors. It seems to be a service worth checking out.

How to Find Cheap Car Insurance For New Drivers As Well As Learner Driver Coverage

In the US, laws governing insurance of vehicles vary from state to state. You need to find out what they are in your state. Not only are there differences in the traffic and insurance regulations, but they are amended at times. Make sure you, as either a seeker of cheap insurance for new drivers or else learner driver insurance, are clued up as to legal insurance requirements before anything unforeseen happens to you or your vehicle.

Another tip for young people needing cheap car insurance for new drivers, or learner driver car insurance:

Keep your insurance papers handy at all times in your vehicle.

This is US law and if you don’t have them handy, you could be fined and your vehicle could be impounded.

You need to know when you search for cheap car insurance for new drivers or learner driver car insurance, that you absolutely have to be insured by law as well as for your own protection. If, while driving your vehicle, you inflict damage on others you will be covered by your insurance, less the deductible amount.

You will find out when you search for cheap car insurance for new drivers or learner driver insurance, that you will be required to pay an annual premium to protect you and your car, should you be involved in an accident. You can opt to pay this amount monthly if you choose. If you are not to blame for an accident, your damages are covered by your insurance, but if you are not insured, you pay all damages, as well as finding yourself criminally liable.

You need to search very carefully among the insurers for the best insurance for new drivers or learner driver cover. Insurance varies cost-wise and there are many options available.

Going online is a really good way to compare the various options offered by the different companies for cheaper auto insurance for new drivers or learner driver car insurance. There are comparison sites where you can detail the kind of cover you want, and then go through the different companies that fit your search.

Check out your state’s legal requirements, as well as any states you plan to visit and then make your choice of insurance options. Look out for special offers for cheap car insurance for young drivers or learner driver car insurance, which some companies throw in at special rates.

Naturally you will have to decide on an insurance policy that suits the vehicle you have. Old cars probably don’t more than the minimal insurance, while expensive cars should usually have full cover.