Insurance Company Pays People to Keep Fit

Misfit Fitness Band

Misfit Fitness Band

Insurance companies are becoming increasingly proactive in how they help consumers. One new insurance company aims to use technology to better tailor health insurance to people.

An insurance company named “Oscar” has unveiled an initiative where every member can obtain a free “Misfit fitness band”. The band allows people to track how much exercise they are performing every day and sync the data on their smart phone. Customers who already use fitness tracking software can also sync their data with Oscar’s fitness tracking system.

The insurance company then rewards people who exercise regularly with rewards. The application sets a number of health goals, and for every health goal passed they receive $1. The user can cash-out when their total reaches $20 and will receive the amount in Amazon gift cards.

This isn’t the first time this company has provided rewards for when customers make smart decisions about their health. They previously gave customer $20 if they had a flu shot by a certain date.

Schlosser admits that this is “very much the beginning,” and that one of Oscar’s main goals is to collect more health data on its members to make sure doctors have the most information available on them. Down the line, that could include nutrition data, sleep data, and as tracking technology becomes more sophisticated, perhaps even blood pressure data.

“We aren’t the people who deliver your healthcare, but our job is to facilitate the delivery of your healthcare,” Schlosser says. “To do that, we can get more information to your doctor.”

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16 Helpful Tips to Get the Cheapest Car Insurance

16 Helpful Tips to Get the Cheapest Car Insurance

16 Helpful Tips to Get the Cheapest Car Insurance

It seems like the cost of car insurance premiums is constantly rising!  Running a car can be very expensive when you consider the price of gas, the expense of maintaining the vehicle and paying those insurance premiums.  Fortunately there are a number of clever tactics that can be used to obtain the cheapest car insurance premiums possible.  This article will go over 16 clever ways to ensure you get the cheapest car insurance premium possible.

Look at the cost insuring the car before you buy it

The smartest time to look at the cost of car insurance is before you actually purchase the vehicle you are interested in.  You can visit a number of insurance companies online or use online comparison tools to check how much the car you like will cost to insure.  If it is a private sale, you can even use the registration number of the car when getting the quote from the insurance company.

Avoid cars with high performance modifications

Including the cost of any high performance car modifications in the insurance will add to your premiums.  So while many modifications can look good, they can be very costly to insure.

Avoid cars that have large engines, turbo or have sports in their name

Any cars that are capable of extreme speeds will cost more to insure because the insurance companies knows those kinds of cars are more likely to be involved in a crash.

Get additional driving skills

This one works for young drivers especially — gain some additional qualifications and tell you insurance company.   Programs like “Pass Plus” can give insurance companies some additional certainty that the young driver has basic skills and is less likely to crash.

Use Online comparison tools

With the advent of the Internet, comparing policies is incredibly easy.  You no longer have to walk to an insurance broker to get a quote, you can get a dozen quotes in 10 minutes via insurance comparison websites. 

Be sure they take into account any special circumstances you have or discounts you are eligible for.  To obtain the very cheapest insurance it’s usually important to negotiate with your insurance company, so the comparison tools should be considered a ballpark figure.

Check for discounts

Ask your insurance company about every kind of discount they offer.  Insurance companies offer many types of discounts including: discounts for retired people, army veterans, single mothers, low income families, for loyal customers and more.  Make sure you aren’t missing out on any savings!

Compare renewal costs to new policy costs

Some insurance companies offer fantastic deals to attract new customers, and current customers sometimes miss out.  If you spot a deal for new customers that you didn’t receive as an existing customer, simply ring the insurance company.  Demand they give you the deal — you will usually find them very apologetic and helpful because they want to retain you as a customer.

Pay yearly, not month

You can receive some hefty savings on car insurance premiums by simply paying it annually.

Drive carefully and avoid getting any traffic fines

One of the worst things you can do as a driver looking for cheaper premiums is to get a traffic fine, or worse still a conviction for a traffic offense!  Insurance companies will know of any traffic infringements you are involved in, so always drive carefully!

Avoid claiming for small bumps and scratches on your car

If you have a small fender bender that only damages your car, reconsider claiming it.  If it is minor damage to your vehicle it might only cost $500 to repair, however if you claim it your excess may be $300, then on top of that your premiums might be higher for the next 5 years.  You will lose any “no-claim” bonus that you had, and you will be paying higher premiums for a few years — Insurance companies don’t forget.

Use multi car policies

If a number of people in your family are driving, for example your two teenage children have cars, you should look at multi car policies.  You could get a better deal if you insure 3 or 4 cars at once.

Drive Less

Some companies offer discounts if you can demonstrate you rarely drive your vehicle and it is garaged in a safe location most of the time.

Pay as you go insurance

“Pay as you go” insurance uses telematics technology to track your car use and give you cheaper insurance based on that usage pattern.  The devices track things like including total miles traveled, speed and trip distance (long trips or short trips).  These devices are becoming more complex and are starting to track things like deceleration (braking speed) to evaluate your driving ability.  If you are proud of your driving record, you don’t speed and you don’t drive regularly, pay as you go insurance could save you a lot of money.

Increase your excess

The simplest way to obtain cheaper premiums is by increasing your excess, something that can done by emailing or calling your insurance provider.

Do you really need theft coverage?

Some people tend to buy theft coverage or premium insurance for piece of mind.  However if you own an aging car, you should consider the declining replacement cost of the vehicle.  Comprehensive insurance may only be a sensible decision for the first 8-10 years of owning a vehicle. If your car is rarely left on the street and usually secure in your locked garage, you should also reconsider comprehensive insurance.

Cut out optional extras from the policy

There may be some optional extras on your insurance policy which the insurance company includes without consulting you.  You may be able to remove certain aspects like free hire car rental after car theft, which could save you some money.

So there you have it, 16 simple tips to get cheaper car insurance premiums.  The key is to demand more from your insurance company, tell them about your specific circumstances and get the best deal possible!

Do You Know These 9 Common Car Insurance Myths?

Car Insurance Myths

Car Insurance Myths

Insurance contracts can be very complex and there is often a great deal of fine print involved.  It’s no wonder that many people end up learning what they know about car insurance from other consumers.  Unfortunately a lot of the information that gets passed around about car insurance is actually incorrect.  This article will highlight some of the most common misapprehensions about car insurance!

Having a bad driving record is the only factor insurance companies consider

There are  actually a number of variables that go into determining how much your insurance premium will be, in addition to your driving record.  Your age, how many years you have been driving, the age of your vehicle, the place you live and even your credit history can go into determining your insurance premium. 

Every insurance company has their own formula for calculating risk and that is one of the reasons why it is always a good idea to shop around for car insurance.

Having a good driving record will bring down my premium

You might have 20 years of good driving under your belt and expect your premiums to go down.  However if you continued to drive the same model car that you did 20 years ago, your premiums might go up despite the good driving record.

The color of your car influences insurance costs

Many people incorrectly believe that a red car will cost less to insure because it is very easy to see on the road or that a black/grey car will cost more to insure because it blends in with the road.  The reality is car insurance costs are not affected by the colour of the car.

Little cars are cheaper to insure

Smaller vehicles tend to take more damage in crashes, so are easier to write off.  For that reason small cars are not always cheaper to insure. Some cheap smaller cars might not have the safety equipment of larger vehicles either, for example, ABS braking systems.

If I still owe money on my car loan, the insurance will pay for it

Some people incorrectly believe that if a car is written off after an accident, the insurance company will give you cash equivalent to the amount you still owe on the car.  Unfortunately this is not true, and the insurance company will only pay you what the car was worth.

Because my car is old it is less likely to be stolen

On the surface it seems logical that car thieves would try to steal more valuable newer cars.  However older cars tend to be targeted because there is a market for parts for those cars and the security on older cars is typically weaker than a new car.

Insurance companies can cancel your insurance at any time

Without a compelling reason (for example fraud), insurance companies must fulfil their end of the insurance contract.

If your car is stolen, the contents are covered

Unfortunately anything inside the car when it is stolen are not covered by insurance.  However if you have a good home and contents insurance policy they might provide coverage if one of your personal items is lost when the car is stolen.

Drivers of fast and expensive sports cars pay more for insurance

This is not always the case because there are various factors at play when determining the cost of your insurance premium.  A 40 year old person who drives a sporty Mercedes coupe but has an impeccable driving record might end up with cheaper premiums than someone under 25 who has had a few crashes and drives a Subaru WRX. 

So we have checked out some of the most common car insurance myths.  Just remember, any time you are shopping for car insurance, it always pays to look around for the best deal!

10 Ways For Retirees to Save on Car Insurance

10 Ways For Retirees to Save on Car Insurance

10 Ways For Retirees to Save on Car Insurance

Most people see a significant change to their driving habits once they retire.  Instead of driving to work everyday, they usually end up driving irregularly.  Usually the driving involves a trip away or a trip to visit friends.

For most retirees, that means they drive less often than they used to.  Why should they pay the same level of insurance as someone who is constantly on the road?

Here are some tips to help retirees save on their car insurance.

Look for Limited-Driving Discounts

Many companies offer discounts that specifically target older drivers.  The fact that your driving is less frequent than a younger person should immediately obtain a significant discount.  Make sure that your insurance provider is giving you this discount and if not, call them about it.  Inform them of your retiree status and tell them about your driving habits.  If they don’t provide a discount, change providers.

Collision Coverage

If you have an older car you might consider completely removing your collision coverage.  When you are driving less, you might be perfectly happy with your old car that is not worth much money.  If it is only worth a few thousand dollars, there isn’t much point insuring it.

Increase Your Collision Deductible

By increasing your deductible you can save hundreds of dollars.  You won’t be driving much and most older drivers take a great deal of care on the road.  It is unlikely you will be involved in a crash so increase the deductible.

Install a Telematics Device

A telematics device keeps track of how often you drive your car, how far you drive and how fast you go.  It allows insurance companies to offer better value on your insurance policy based on your driving habits.  This can be a big saving for people who don’t drive very often.

Keep the Kids off Your Policy!

Young people who don’t have a proven driving record can be extremely expensive to insure.  Keep your grandchildren off you policy!

Use Your Good Track Record to Negotiate

If you have decades of unblemished driving, make sure you impress your insurance company with it, then ask for another discount.  If they will not reward you for that sterling driving record, find a company that will.

Loyalty Discounts

You probably have years of car insurance through the same company.  Ask for a loyalty discount, even it’s not mentioned in their brochures.  Insurance companies like to hang onto customers who have good driving records and who have been with the company for many years.

Take a Driving Safety Course

This tip applies to anyone who wants to obtain cheaper insurance premiums.  Many insurers will offer you a discount if you have successfully completed a driver’s safety course.

Buy a Car That is Cheap to Insure

It might be nice having a fast sports car to show off to your friends.  But when you retire you won’t be speeding around like a hoon anymore.  Sports cars with large engines can be more expensive to insure.  Consider buying another car that focuses on safety features instead of speed.

Keep Your Car in Great Condition

Even you have an older car, make sure it is well maintained.  Some insurance policies have clauses that limit coverage if your car causes an accident, due to mechanical failure.  Read the fine print and make sure your car is in great shape.

 

 

Home Maintenance Tips

Home Maintenance

Home Maintenance

At this time of year many people perform their “spring clean”, when they go through the house and make sure everything is clean from roof to floor. Now is a great time to also perform some basic preventative maintenance on you house, and address any issues which may damage your home and cause you to eventually make an insurance claim.

There are actually many insurance claims that can be avoided by using preventative measures, thinking ahead and identifying potential problems early on. Here is a list of the easiest preventative measures that you could incorporate into your spring clean to save you a lot of money!

Check your yard for any trees or shrubs that are getting out of control
Anything that might knock against the wall or windows should be trimmed back. This will also help prevent mold problems in your home and prevent damage to the building during storms.

Check the batteries in your smoke alarms
Make sure all of your smoke alarms are functioning correctly and change the batteries if you need to. Use this time to consider buying more smoke alarms, which can not only save your home from destruction, but can save your life.

Wash the outside of your house
Hire or buy a pressure washer and wash the exterior of your home to remove dirt and mold. Check for any damage to the house while you do it and check the condition of the paint. If you have a timber home, look for any split timber or water damage to the exterior which can grow to be a problem.

Wash the inside of you house
Wash the walls, paying close attention to any indications of mold or dry rot. If you notice a mold problem, chances are there is an issue with your roof, drainage or cracks in your concrete, letting water into the structure of the house. The sooner you spot that, the better.

Clean your gutters
Clean out any leaf litter in your gutters and make sure the guttering is still in good condition. Make sure there is no evidence of water building up in the gutters, or corrosion. Check that the downpipes are draining correctly and that the water isn’t winding up in the basement.

Check the condition of the roof
Look for cracked tiles, loose tiles or damage of any kind to the roof. Eventually your roof might have to be replace, but with some simple maintenance you can avoid a common insurance claim that people make when their roof leaks.

Check the concrete around the house and in the basement
Look for any cracks or damage that indicates the house is moving. These cracks could be responsible for water damage and any issues need to be detected as early as possible. Check the basement for any problems and fill them with a concrete or silicon crack filler.

Clean your carpets
Hire an industrial strength steam cleaner and clean the carpets. It can help reduce any mold problems and make your house much healthier, reducing the chance of health insurance claims.

Clean ceiling fans
Check the condition of your ceiling fans. Again, removing mold and dust is beneficial for your families health and can reduce the risk of health or household insurance claims.

Cheaper Home Insurance Premiums

Home Insurance

Home Insurance


In recent years the number of natural catastrophes that have occurred world wide has increased. Some scientists suggest that this is due to increasing global temperatures and related climate change. Whatever the cause, it has had a dramatic effect on the cost of insurance premiums as more natural disasters occur.

Everyone wants to make sure that their home is covered by insurance that handles natural disaster incidents but it is increasingly difficult to do so with high premiums. Fortunately there are a number of ways to obtain insurance for natural disasters and lower the cost of premiums.

A lot of people simply choose an insurance policy from the Internet and hope that it covers all of the natural disasters appropriately. Others just walk into an insurance agency and hope that the insurance agent gives them the right insurance at a good price. Unfortunately you may not get the best deal and may not have the most comprehensive cover against natural disasters. You need to scrutinize the policy in it’s entirety and look at ways you can lower the premium.

One way to save on premiums is prepare your home for natural disasters. If your local area experiences a lot of storms, you could install measures which prevent damage, like storm shutters. Then you could find an insurer that gives you a discount on your premium for having those shutters installed. In the long run the money saved is substantial. You can also install security devices or get a dog to save money on your home insurance as it reduces the chances that your home will be burgled.

You can also combine, or consolidate your insurance policies. You can obtain a discount on your insurance costs if you combine policies, so get you car insurance, home insurance and life insurance through the same company. Discuss a discount with the insurance company directly or ask your insurance agent to negotiate on your behalf.

It’s also a great idea to exclude the value of your land from any insurance policies. Natural disasters won’t affect the land (unless you have a property built very close to the coastline). So if the insurance company asks you for the value of your property, just include the price of rebuilding the home and the value of the contents of the home.

By using these three simple tips, you can save a great deal of money on the cost of insurance in the long term. With the increase in natural disasters it’s more important than ever to have sufficient insurance.

Methods For Buying Insurance

How to Buy Insurance

How to Buy Insurance

Obtaining an insurance policy is obviously an important decision. The insurance policy can be purchased from a number of places, via a neighborhood broker and on the internet. Lots of people like to acquire insurance coverage on the net as it permits them to get every thing done in the comfort of their homes and so they don’t need to travel anywhere asking about details. Nevertheless, a range of folks like choosing hometown insurance professionals as they believe a real person can give them more detailed and accurate info. Let’s look into the issues, in which selecting a neighborhood agent and internet insurance vary:

It’s possible you’ll spot numerous types of insurance policies at an insurance provider’s web-site and you may compare among a number of provider’s products as well. One important thing is to be aware of the insurance coverage terms, since they are not quickly understandable by a layperson. A broker might assist with all the sorts of policies available in the market and can also help you in determining which policy fits your needs.

A lot of insurance vendors offer you insurance coverage calculator software on their web pages so that prospective clients can determine the right amount of premium and insurance policy coverage for their selves according to their needs. On the other hand, an insurance dealer may additionally advise you on just how much insurance coverage is better for your age and what the rates will be for the insurance plan chosen by you. A broker may also tell you about the general trends and returns in a distinct period based on their personal experience that you might not locate online.

Getting insurance coverage can be a chaotic task specially when it requires medical examinations – often required when going for a medical policy. Same is the situation when claiming that you need special attention from an insurance agent which will assist you with the whole process. However lots of insurance vendors have now streamlined this process and made it possible for the clients to rapidly accomplish everything with the aid of prompt information and facts on the net.

As you speak with an insurance agent, he/she is able to offer you the information right away on what ever your issues are unlike on-line where you can get specific information only. An insurance agent is aware of your local environment and may enable you to chose a insurance plan that is appropriate for your environment, he/she can also make important alterations if neccessary unlike online where you can’t revise info when submitted.

These days there is a large database of information on-line and everyone refer to that and if you are also someone that has a very busy life and seek approaches to save time and money then going on the internet is perhaps the better solution.

It’s pointless to debate in relation to which way to get an insurance policy is best due to the fact there are pros and cons for both approaches. It really is your decision to make a decision based on what your focal points are because you will definitely gain and lose some or the other benefits in selecting either of the ways.

Getting Cheap Home Insurance

Cheap Home Insurance

Cheap Home Insurance

Regardless whether you will be insuring a home or a apartment, if you don’t do some cost comparisons on your home insurance coverage you will be shelling out too much. Fees from different insurance firms could differ by several hundred dollars a year for the same insurance policies, so taking a couple of minutes comparing homeowners insurance estimates is going to be well worth your while.

The fastest and most convenient way to generate property insurance quotes is to pay a visit to an insurance policy comparison web site, as these internet sites offer you instant price quotes from a range of insurance agencies all in one place.

Initially you fill in a simple on-line web form with your insurance specifics, including the price of your residence, the place your property is situated, and what insurance deductible you would like.

As soon as you send in the form, your data is sent to a group of top rated insurance agencies that might suit your specifications. These companies work up personalized estimates and deliver those to you.

Once you have your estimates in hand it is possible to review all of them and pick the supplier with the best fee along with the greatest coverage.

There are alternative methods to lower your insurance policy expenses. In addition to price comparisons, here are a few different options that will help you reduce your homeowners premium even more:

Raise your insurance deductible. By just increasing your insurance deductible you’ll save up to 35% to 40% on your monthly premiums. This may also prevent you from filing lots of minor insurance claims which could cause your insurance corporation to cancel your insurance policy.

Try to find savings. Special discounts immediately lessen your premiums. A few of these special discounts include:

1. A multi-policy discount when you’ve got both your property and your vehicle covered by the same supplier.

2. A security discount if you’ve got precautionary features which include dead-bolt locks, window locks, and a security alarm installed.

3. A safe practices price reduction when you have safety features like smoke detectors along with fire extinguishers.

4. A no smokers discount if you don’t smoke in your house.

5. A aged persons price cut when you’re Fifty five years or older and are retired.

6. A discount for paying annually as opposed to quarterly or once a month.

Providers don’t always let you know about all the rate reductions they have, which means you must ask your broker to offer you all of the special discounts you can get.

To put it simply, if you do not evaluate costs the odds are you will likely spend way too much for homeowners insurance. The good thing is it will take less than 20 minutes to submit an insurance questionnaire, receive your insurance rates, appraise them, and select the provider that could offer the absolute best rate.