How To Find The Best Rates On Automobile Insurance In Connecticut

To find the best rate for automobile insurance in Connecticut you should become familiar with the coverages to know how much of each you need and what you might be able to add or remove to save your premiums


Liability: This mandatory portion of the policy covers your liability to others. In other words, it responds to cover the bodily or property damage to others as a result of your negligence or the negligence of someone driving your car (with your permission). The state requires a minimum limit of $20,000 bodily injury per person and $40,000 bodily injury per accident. Therefore if 3 people were injured in the accident each sustaining $20,000 in bodily injury, the policy will only pay $40,000 for that one accident. The limit for property damage under this coverage is $10,000.


These numbers may sound like a lot, but it is strongly recommended to increase this limit. Let’s face it, medical care costs are skyrocketing. The $20,000 per person limit can be reached easier today than it could have 20 years ago. Protect yourself by asking for quotes for additional limits.


Uninsured Motorist: This coverage will protect you, your passengers and relatives who live with you in the event you are in an accident caused by an uninsured motorist This coverage can be increased, and is recommended to do so. The minimum amount required by state law is $20,000 per person and $40,000 per accident.


Collision coverage: Covers damage to your car as a result of a collision with another car, or object.


Comprehensive coverage: As it sounds, covers damage to your car by causes other than a collision. This is where coverage is provided in the event of theft, vandalism, colliding with an animal, and other sorts of damage.


This is by no means an exhaustive description of all coverages required on a Connecticut automobile policy, but when shopping for affordable rates, knowing what you are buying is key.


How To Know If You Need Long Term Care Insurance

How To Know If You Need Long Term Care Insurance

There’s some piece of advice among financial experts that should be well taken to heart: do not over-insure, and insure only based on your needs. If you’re still young, for example, you’re better off taking out a term life insurance policy and investing the rest of your savings in high-yielding financial instruments like the stock market. 


This brings most of us to the single most important point: when should you take out a long-term care insurance policy? 


Deciding on whether you need long-term care insurance depends, for the most part, on where you are in your finances. If you only have low income to speak of and you are already at the retirement age, then you’re better off staying at a nursing with Medicaid paying the cost of your stay. Since Medicaid is a federal and state program that is paying for nearly half the cost of America’s nursing homes. 


But if you’re a reasonably financially well-off person, yet you don’t want old age getting in the way of your lifestyle, then you might ant to consider taking out a long-term care insurance policy. However, <A HREF="">long term care insurance</A> is not something you want to spend for, without considering the other items on your budget, because: 


•You pay for high premiums

•Your premiums may increase over the years 

•You pay for some expenses from out of your own pocket 

•You lose benefits with a lapsed policy and without a non-forfeiture protection 


There are some uncertainties in life that may make you think twice about long term care insurance. You might just meet your end in an accident. If that doesn’t happen, and hopefully it never does, here some things to consider, to determine if you really need long-term care insurance. 


Your Family’s History 

Does your family have a history of heart diseases, diabetes or Alzheimer's? Did close relatives fall early because of those diseases? 


Your Family’s Current Situation

If right now you needed help in getting dressed or in bathing, would any of your immediate relatives be available to help you out?


Your Own Finances 

According to the United Seniors Health Cooperative, a non-profit organization based in Washington, DC, people should only consider long term care insurance IF they have (a) at least $75,000 in savings, or (b) at least $35,000 in annual income (in retirement). 


The figures indicate that you should only think about long-term care insurance if you enough money that paying for the premiums does not affect your current lifestyle. If this isn’t the case, the best route to take is to put your money where it will earn interest, pay for professional healthcare only if needed, and if necessary, qualify for Medicaid.


How To Save Money And Get Discount Automobile Insurance In Maryland

Do not attempt to drive an automobile in the state of Maryland without automobile insurance. If you are caught driving on a public road in Maryland without automobile insurance your license plates can be confiscated and your registration revoked. No new registration and no new plates will be issued to you until you can prove that you have the required insurance coverage. In addition you may be subject to additional criminal penalties imposed by the courts.


In other words, it really doesn’t make any sense to even try to drive an automobile in Maryland unless you carry insurance.


Automobile insurance in Maryland does not have to be prohibitively expense for most drivers. In fact, there are several things you can do to help keep your rates as low as possible.


Start by keeping a clean driving record. A speeding ticket or a drunk or impaired driving conviction will cause your automobile insurance rates to rise to the stratosphere. Likewise, accidents, especially accidents that are deemed your fault, will also cause your monthly premiums to rise sharply – and once your premiums have risen because of any of these factors they are likely to stay high for several years. Changing insurance companies does no good; your records are available to all automobile insurance companies.


If you are below 25 years of age then you know that automobile insurance is especially costly for you. If you are still in school and you want to keep your rates as low as possible then stay in school and work hard; average grades of “B” or better will save you as much as 5% in monthly premiums at most insurance companies. This is known as a Good Student Discount.


If you are 55 years of age or more you may have noticed your automobile insurance rates creeping up. They don’t have to remain high, however. Talk to your insurance agent and see if your company offers a discount for seniors who have successfully completed a refresher driver’s course. Many companies offer a monthly premium discount of as much as 10% to qualifying seniors.


If you have an older car, especially one with little or no trade-in value, you might consider canceling your collision and comprehensive coverage on your car. If your car is damaged in an accident your insurance won’t pay for its repair or replacement, but if your car had little Kelly Blue Book value before the accident then your insurance company would not have paid anything for it anyway – so you really lose nothing and save a considerable amount of money.


One of the most dramatic things you can do to lower your automobile insurance rates is to increase your policy’s deductible. Your deductible is how much money you will pay out of your own pocket if you should have a claim. Since you will be paying for a portion of each claim your insurance company is willing to reduce your monthly premiums.


O.K., now it’s time for you to jump online and check out at least 3 of the many websites that offer to let you compare automobile insurance policies and prices at multiple insurance companies side-by-side. Take the extra time and fill out all of the necessary information on at least 3 different comparison websites. In this way you will be certain to have compared every insurance company that sells automobile policies in Maryland and you can rest assured that you have saved money and gotten discount automobile insurance in Maryland.


The point of all this is that you are not helpless when it comes to controlling how much you pay for automobile insurance here in Maryland.