Car Insurance Rates – Can You Lower Them?

Car insurance rates are prohibitive nowadays. Many families really struggle to pay the car insurance bill each month. And car insurance rates vary all the time. So if car insurance cost is an issue for you, what can you do about it?

The car insurance industry is a massive industry. It is also a highly competitive one, and car insurance rates vary over time as car insurance companies compete for business. Car insurance rates are often highly fluid.

It is entirely possible to lower the cost of your auto insurance rates by altering your behaviour, and you can do this by having a better understanding of how the rates are assessed.

Car insurance rates are based on an assessment of risk. Whilst insurance companies vary their rates to compete with other insurance companies, they also vary their rates based on their assessment of the risk posed by a particular driver driving a particular car. They do this because there is no point in buying business with low car insurance rates and then insuring high risk drivers at these rates. This is a recipe for losing money.

So, if you lower your risk, you lower your car insurance. How do you

lower your risk? Well there’s a number of ways that your own driving and car behaviour can affect your car insurance rates.

Have a look at the car you drive. Is it suitable for your current needs? If not then would it be worthwhile to consider a change?

Different cars attract different auto insurance rates. Sports cars, high powered cars and cars at greater risk of theft attract higher rates. How long have you had your car and would it be wise to think about another one that would be cheaper to insure and more useful to you?

Are you a safe driver? Do you stick to the speed limit? Are you at risk of other driving offences? Many people do not think about some of the consequences of speeding tickets and driving offences until after they have seen their subsequent car insurance bill.

Your risk profile is a direct result of your driving record. A clean driving record and you will be rewarded by cheaper rates. A poor driving record and you will be penalised, usually for quite a while.

Are you willing to attend driver training courses? Many car insurance companies offer specific discounts for drivers who have attended a course. Why? Lower risk.

Are you willing to drive less? Could you car pool or use public transport to get to work? Car insurance companies look at the amount of driving their clients do when assessing their car insurance rates. Why? Lower risk. Less miles driven equals less risk. And you’ll save on other car costs too.

So if auto insurance costs are an issue for you and your family there are things you can do. These are just a few of those things, there are many more. Car insurance rates are not set in stone.



Source by Peter Crump

7 Specific Ways to Distribute Your Finances to Achieve Long Term Wealth

Ask the average person what money management means to them and the usual response will be along the lines of ‘Pay off all the Bills on time and try to save whatever is left over.’ – Not very inspiring nor sound like much fun huh? Here I outline a simple way to change the way you look at and treat money. An efficient and practical way to manage and monitor your finances and get out of debt, which is also fun and if done consistently…the long term rewards will be extraordinary.

Below are the 7 ways you should be distributing your money. – If you can, setup 7 separate Bank Accounts for each specific use, otherwise 7 Jars, Boxes or any feasible containers will work just as well to get you started. Be sure to do this on a regular basis which you must maintain i.e. Either daily,weekly or monthly.

1. Investments:

Allocate 10% of your money to be put aside solely for Investing. Only ever use these funds to purchase Investments. These investments should either generate you ongoing ‘residual income’ or capital appreciation/growth i.e. sell on for a profit. Once you gather enough funds/capital, purchase the respective investment and then start building up again until you have enough for the next one and keep repeating the cycle. This is by far your most important fund as it this that will ultimately work towards achieving your Financial freedom/Independence.

2. Long Term Savings:

5% of your money should be allocated for ‘one off’ purchases such as Cars, Clothes, Home Furnishings, Home Improvement, Home Entertainment. This should also be used for Vacations abroad/long getaways.

3. Long Term Expenses:

Another 5% should be allocated for any ongoing small Debt, usually Credit Cards or small Personal Loans.

4. Necessities:

These are your major living expenses and thus 55% will be allocated to this; Mortgage/Rent, Car Loan, Utility Bills, Food, Petrol/Travel Expenses, Subscriptions…you get the picture…

5: Education:

10% of your money is to be allocated to your continuous learning of Financial intelligence and Personal Development. This is very important as you can never stop learning and improving yourself. This would include; Books, DVD/CDs, Seminars, Workshops, required Travel and Accommodation expenses, Training Material and so on…

6: Fun:

This is another important fund. Life as you know is too short and if you don’t treat/reward yourself every now and again along the way, it can feel very laborious and get very boring. – 10% of your money goes here and at the end of every week/month/quarter you must blow the whole lot on a treat of your choice e.g. your favourite restaurant, the theatre, spa treatment. – You are only limited by your creativity…The idea being that you really enjoy yourself and acknowledge that you have put money aside specifically for this, and you don’t feel guilty about it!

7: Charity:

Wealth is to be shared, 5% goes towards giving back to those more needy. You can either make this a regular contribution or save and build towards a large donation to charities/causes of your choice. – The more you give back, the more you will receive…

Please don’t presume you need a lot of money to start doing this either, because you do not…You can start with very small amounts, the importance is making it a habit. Even starting with a small amount, the law of compounding will slowly grow it into something substantial. Teach this to your kids from an early age and just watch how quickly their financial intelligence will grow as well as their fortune!



Source by Anthony L Wong

Pay Less With Gas Cash Back Credit Card

It sees there is no stopping the increase in gas prices, and so we all scramble to find ways to at least lower our spending by all means. But there is one way to cut gas costs, and that is by means of a gas cash back credit card, which could actually be a smart way to buy gas.

The use of this kind of card helps you get a refund or a portion of the total amount you pay for gas, with up to a maximum of 5%. For some cards, the amount is credited to your account after a certain period. For others, the waiting period is until you have incurred a certain amount before redemption. There are also those that offer rewards like gift certificates. The cardholder may be given a choice of either a reward or cash rebate. If such is the case, then you may want to weigh which one gives you more value before making a decision.

There are even some gas credit cards that give rewards in terms of maintenance service. If you take your vehicle for routine service and oil change, then these are extra points for you.

But even cards of this kind differ in their offers, as well as in their terms. While some can be used only on certain brands of gas, there are others that could only be used on identified locations. This may be a good thing for those who go to the same gas station, but not for those who are always on the lookout for the cheaper place. But there are those cards that could be used at any location and with any brand.

But before you finally sign up for that card, read the terms and conditions. It is useless getting the card when you will not actually benefit from its offers. There are a number of these cards available, so you may want to check on a couple of them and compare them to make a more intelligent decision. There are even some gas credit cards that allow you to purchase other items with the same card, so it pays to really check which card works best for you in terms of payment schemes, interest, and of course, rewards.

But saving on fuel cost does not just mean getting a gas cashback credit card. You should also be wary. The objective of saving on gas purchases may never be realized if you choose the wrong card. There are those issued by gasoline merchants and there are those issued by banks. We suggest you make a comparison, but more likely, you will find the bank issued cards to be more loaded with savings and lower interest rates on credits. Read and ask questions. You will less likely to commit mistakes this way.



Source by Laura Evert

Protect Your Life, Hire an Insurance Agent

If you’ve ever been in a car accident that was more than just a little fender bender, or if your house or residence has ever been burglarized, you know better than most people how important insurance agents are. If your place gets burglarized, you almost never recover what was stolen. The costs to replace the things that were taken can be more than you can afford all at once, but you may need your things now. If you are in a bad car accident that totals your car or seriously damages it, you may not be able to get back on the road if you cannot fix your ride. These are but a few examples of why insurance is so vital to your life. Without it, you may never recover from an unfortunate situation that you had no control over.

But, don’t hastily purchase the first policy you see out of fear. Research the local insurance agents in your area and meet with them to discuss your specific policy needs. There may be things you never considered insuring, because you didn’t know that you could. This is why meeting with a professional is the best step you can take for protecting your future. In addition to meeting with a professional sales policy person, you should also appraise the valuables that you think you want covered under your policy.

If you can give your agent an accurate estimate of what your things are worth, you can better formulate your policy. This can also save you some stress later on if something happens and your policy must go into effect. In this event, having already calculated the cost of your valuables will give you specific up-front appraisals. Getting accurate value estimates after something has been stolen or damaged, hardly ever works out in your favor.

If you are an elite athlete, you should also consider taking out a policy on your health or future playing capabilities. Let’s say you are a star collegiate running back with a great chance to play professional ball, but in your final amateur season you sustain an injury. Even if the injury isn’t career-ending, it may hurt your stock moving forward and you could lose significant amounts of money in potential contracts. In these cases, having a policy on your body is a great investment.

Insurance agents will be there to help you understand everything that you can and cannot insure, but these days you can pretty much get a policy on anything an insurance company or private agent is willing to take a risk on. Seriously, go and consult a professional before you wish you had.



Source by Andrew Stratton

Put The Performance In Your Exhaust

Throughout the years, car exhaust systems have played a significant role in helping sporty cars achieve "hot rod" status. These "after market configurations" are heralded by auto enthusiasts everywhere who are seeking to achieve the highest performance levels possible with their cars. You can put the performance back into your vehicle by carefully choosing only the most select performance exhaust parts for your vehicle.

The 1973 movie classic, American Graffiti, underscored what people thought about their cars: we simply love them! Featuring a herrded battle between souped up '32 Ford Coupe and a sporty '55 Chevy, the movie projected quintessential American values ​​of fast cars, good looking girls' n guys, fast food, and lost love. The cars themselves screamed "pure hotrod" and it was in this tradition American car mania reached its zenith.

Since the muscle car era of the 1950s, 60s, and 70s changes have come about in the automobile industry where most cars can only dream about muscle car status. Environmental and safety regulations coupled with changing tastes have transformed the car market into one dominated by SUVs and boxy connections. Fortunately, saner heads are anticipating and the newest mix of sporty cars on the road evoke many memories of the muscle car era.

So, how can you help your car achieve hot rod status? Well, unless it is already a sporty model, you have your work cut out for you. Currenteless, current models including the latest rendition of the Pontiac GTO, the Corvette, Ford's Mustang, the Dodge Viper, plus select offers from Cadillac, as well as trucks and SUVs like the Hummer and F-250 are being outfitted with the likes of Borla mufflers and Flowmaster Exhaust systems. Indeed, to help enthusiasts achieve a "sports car feel" technological advances have brought about exhaust systems that have no bothersome resonance or drone, provide increased torque and horsepower, and give off a great performance sound. For their part, Corsa exhaust systems is a proven leader in helping performance exhaust systems.

Naturally, when you plan any upgrade to your exhaust system you must take care not to disturb existing emissions control equipment, no matter how tempting that would be. Therefore a "cat-back" exhaust system is your best choice as it would allow you to put large-diameter exhaust pipes and low-restriction performance mufflers into your exhaust system without harming the catalytic converter. With this type of system installed you would be maintaining your car within legal limits while receiving more torque and horsepower, less exhaust backpressure, and a sportier sound.

The original muscle car era is gone, but many of today's cars can and will achieve muscle car status by carefully outfitting them with high performance exhaust systems and parts.



Source by Matthew Keegan