RRK Cash Solution

Archive for February, 2009

Auto insurance can be a complicated matter to understand and requires some insider knowledge to make the picture clearer. But once you know all the hidden stones and flows in these tricky waters, you’ll be able to get better quotes and tailor your policy without overpaying. So here are some essential facts on auto insurance you need to know.

1) The more you pay the more you get. When speaking about auto insurance coverage, the most expensive types of coverage are those that provide you with most protection. For instance, collision and comprehensive coverage are way more expensive than gap coverage, rental reimbursement or roadside assistance, but they are applied much more often than optional types of coverage.

Take note of uninsured/underinsured motorist coverage. This type of additional coverage will cost you little but will help you save a lot especially regarding the growing number of uninsured drivers on the road thanks to the economical crisis.

2) There are numerous factors that will affect the final price of your policy. And each company has its own methods of using and evaluating these factors. Different companies have their own guidelines concerning the groups of drivers to be insured and at what price. Your credit history, driving record and car are the three primary factors that will affect your rates, but with different companies they will have different extents. For example, one company will refuse you with a quote if you have filed for bankruptcy, while another will offer you a policy simply at a higher price.

3) Prices vary significantly between companies. So it is very smart to shop around if you’re looking for a good deal. This is because insurance services are a highly competitive market with many companies offering pretty much the same set of features, so the only way for attracting clients is offering lower prices. Don’t rush getting the first policy offered, shop around and look for the lowest prices for the best amount of coverage.

4) Avoid lapsing your policy, for it may result in higher rates in future. Even if you plan to switch companies when your current policy expires don’t wait until the date it becomes inactive – buy a new policy before this happens. Insurance companies tend to consider licensed drivers who aren’t insured as irresponsible and therefore risky. Thus, they are charged with higher premiums.

5) Take advantage of insurance discounts when possible. Most insurance companies provide discounts to drivers that have taken actions to lower their risks and improve their records such as taking defensive drivers course, installing anti-theft devices, paying in time, keep track of credit history, etc. Such discounts can provide substantial savings so take your time to consult with your insurer on any possible incentives.

6) The model, year, make and engine volume of your car strongly affect your insurance rates. The more expensive your car is the higher your premiums will be. If you are driving a cheap old car than you are likely to get a cheap auto insurance policy.

Have you ever noticed that the things you buy every week at the grocery and hardware stores go up a few cents between shopping trips? Not by much…just by a little each week but they continue to creep up and up.

All it takes for the price to jump up by a lot is a little hiccup in the world wide market, note the price of gasoline as it relates to world affairs.

There is a way that we can keep these price increases from impacting our personal finances so much and that is by buying in quantity and finding the best possible prices for the things we use and will continue to use everyday… things that will keep just as well on the shelves in our homes as it does on the shelves at the grocery store or hardware store.

For instance, dog food and cat food costs about 10% less when bought by the case than it does when bought at the single can price and if you wait for close out prices you save a lot more than that.

Set aside some space in your home and make a list of things that you use regularly which will not spoil. Any grain or grain products will need to be stored in airtight containers that rats can’t get into so keep that in mind.

Then set out to find the best prices you can get on quantity purchases of such things as bathroom items and dry and canned food.

You will be surprised at how much you can save by buying a twenty pound bag of rice as opposed to a one pound bag but don’t forget that it must be kept in a rat proof container.

You can buy some clothing items such as men’s socks and underwear because those styles don’t change, avoid buying children’s and women’s clothing, those styles change and sizes change too drastically.

Try to acquire and keep a two year supply of these items and you can save hundreds of dollars.