Cheapest Car Insurance

Cheapest Car Insurance

Car insurance is notoriously expensive, but it’s also one of the most necessary expenses anyone has. It’s illegal to drive without insurance in case an accident occurs, but some people choose to forgo insurance once their vehicles are paid off so they can save a few dollars here and there. It’s not a wise idea to forgo car insurance, and it typically catches up to people who don’t have it. Saving money on your insurance is something everyone would love to accomplish, which is why these tips are helpful to anyone with a car of their own.

Shop Around

The best way to find the best deal on car insurance by Youi is to shop around. Many drivers choose an insurance agent when they buy their first car, and they don’t shop around for better rate when it’s time to renew their policy. Each time renewal is near, it’s a good idea to shop around for better rates. Other insurance agents might offer discounts, better rates, and better policies than the one you have now. This is true even if the policy you currently have was the best one when you purchased it.

Buy an Affordable Car

The best way to save money on your car insurance is to buy a car that’s affordable to insure. Before you sign on the dotted line to bring that brand-new car home, call your insurance agent to find out how that car will impact your rates. It might not be what you think. For example, older cars are usually less expensive to insure than brand-new cars. Many drivers assume older cars are more expensive because it’s more difficult to find parts to replace it if it’s damaged in an accident. Sports cars are more expensive to insure than sedans, and most luxury cars are more expensive to insure than everyday vehicles.

Ask for Upgraded Discounts

Most insurance companies are willing to offer discounts on the cost of insurance if a vehicle has upgraded safety features. A car with anti-lock brakes, airbags, a security system, built in GPS, and other driver-assist features that make driving safer are less expensive to insure. The reason is these cars are less likely to end up in an accident. When a car is safer to drive, it’s less expensive to find great car insurance to cover the cost of anything that might occur.

Consider Your Deductible

If you’re looking for a small monthly payment, you might consider a higher deductible. A policy with a $1,000 deductible is going to cost far less to insure on a monthly basis than one with a $500 deductible. Your job is to decide which is more important to you. Are you comfortable paying less each month and a lot more if you are in an accident, or would you rather take that cost and pay it monthly than be forced to come up with a large deductible when an accident occurs? You are responsible for considering your own finances when you make this decision.

Pay the Premium Upfront

Many drivers pay their car insurance a little at a time each month. It’s more expensive to do this. Ask your insurance provider if you can just pay your premium upfront every six months to avoid monthly fees, to save stamps, and to make the cost a little less expensive overall. Insurance companies prefer their customers pay their car insurance fees all at once, so they often offer a discount to anyone willing to pay upfront the entire cost of the premium for the length of the contract.

Bundle Your Coverage

Do you have homeowner’s insurance, life insurance, or health insurance? If you do, see what you can save by bundling them. Some companies offer discounts if their customers put all their policies together to save money. It might be worth the time it takes to cancel the rest of your contracts and renew them with one insurance company.

Don’t Forget to Inform Insurers About Life Changes

Sometimes your car insurance becomes less expensive simply because you make some life changes. Getting married can drop the price of your car insurance. Moving to a new state where driving conditions are a bit safe, or even moving closer to work and ending your commute can change the cost of your car insurance. It’s a good idea to call and ask what you can save based on life changes. You can drop your kids off your insurance when they grow up and move out, drop an ex off a policy, and even get a discount for reaching certain ages (25 is a big one for men and women).

Finding insurance for your vehicle doesn’t have to cost more than its worth. You can find affordable insurance for any vehicle by shopping around, calling for discounts, and reminding your insurance agent when you have a life change or two occur. Some insurance companies will offer a lower rate to their long-standing customers simply because they don’t want them to leave. Maintaining a good standing with your insurance company is an excellent way to receive the best rates on your vehicle insurance.

Personal Property for Home and Contents Insurance

Personal Property for Home and Contents Insurance

Determining the amount of personal property insurance you need presents a challenge if you’ve lived in your home for many years and never considered it. First-time buyers might notice it’s less of a challenge as most of their belongings are new, and they’re able to start fresh and correctly from the beginnings. Home and contents insurance is the most important purchase any new homeowner makes aside from purchasing their new home. It’s financial protection for the homeowner. It allows homeowners to repair or replace their home in case of disaster, and it allows homeowners to replace any personal belongings lost, destroyed, or stolen in a disaster or robbery.

It’s imperative homeowners looking for a home and contents insurance policy understand precisely the dollar amount of their belongings. Assuming the value isn’t enough, and not taking the time to understand personal property coverage limits is devastating when the mistake is realized too late. Now is the time to sit down and figure out the value of all your personal belongings, what your home and content insurance covers, and make any changes necessary.

What’s Covered

Your home and contents insurance by Youi policy probably covers personal property worth approximately 50% of the cost of your home. It’s the standard policy amount for most insurance companies. If your home is worth $500,000, you might feel confident in personal property protection up to $250,000. However, there are additional limits in place. Many insurance policies with standard coverage only cover specific items to a certain dollar amount. While your entire personal property coverage on your home and contents insurance policy might cover you to a quarter million dollars, it might include stipulations that only cover jewelry up to $2,500.

Homeowners with valuable jewels aren’t going to see any benefit to a policy like this one, and changing the policy is a must. It does increase the cost of home and contents insurance to add a policy for additional coverage for specific items, but that cost is insignificant compared to the cost of replacing expensive items out-of-pocket when insurance limits the payout.

Estimating Personal Property Value

Whether you already have a home and contents insurance policy or you’re shopping for one now that you have a new home, it’s time to estimate the value of your personal property. Guessing isn’t the most accurate manner of doing this. It’s time-consuming, but the process is worth it. It’s going to entail the following:

– Checklist of all personal items
– Notation of exceptionally valuable items
– Cost of each item you own
– Date of purchase of each item you own
– Receipts for all items you own

Challenges occur when you’ve lived in your home for a while and find you haven’t receipts for electronics, furniture, and other items you’ve purchased throughout the years. You’ll just do your best to estimate the price of these items. Start with a pen and paper, and go through your home writing down everything. You don’t have to write down every photo frame, every pen and every knick-knack. Inexpensive items such as holiday décor and little things of that nature can be estimated.

It’s the expensive items you should be concerned with. Write down the size, type, brand, and serial numbers of all electronics. Write down the serial numbers, designers, and names of each high-end handbag or pair of shoes you own. The same goes for designer clothes. While a dress from the local department store you paid $30 for won’t increase in value, a Gucci dress either won’t lose its value or could increase as it closes in on becoming a vintage piece.

Note your jewels, your furniture, artwork, antiques, designer dishes and furniture, and anything else of exceptional value. You’ll want to note your outdoor equipment and appliances, too. They’re expensive and worth a substantial amount of money, and you’ll want your home and contents insurance to cover these items.

If you have receipts, include them with the inventory list you’ve accumulated. Take photos of each item and keep them with your inventory list. Place all of these in a safe location, such as on a secure web portal, a fireproof safe, or your bank’s safety deposit box. They’ll help significantly in case of an emergency.

Once you have an inventory list of all the things you own in your home, you should adequately estimate the cost of each. The total might just surprise you. Years of making purchases might not seem expensive as you make them, but they add up quite fast.

If your current home and contents insurance policy doesn’t cover the cost of your personal property, call to make changes. You can shop around for a new home and contents insurance policy to find better rates, or to find better coverage. Knowing your home and contents insurance is up-to-date and accurate in terms of your home’s value and the value of your personal property is priceless when disaster strikes.

Kenilworth Celebrates

Featured

Kenilworth Celebrates! is a major festival held annually in Kenilworth, a small town in the Upper Mary Valley on the Sunshine Coast Hinterland about 2 hours drive from central Brisbane.

Our Festival starts with an orchestral concert on 28 September (booking required), followed by painting workshops with professional tutors from 29 September to 3 October (booking required). The Town celebrates with music, poets’ breakfast and street entertainment on the weekend of 4/5 October and free art exhibitions run from 4th to the 11th October.

Come to the magical Sunshine Coast Hinterland to enjoy the beautiful scenery and a great Festival.