Smokers pay more for insurance

If you’re looking to save money on your life insurance, not smoking is a great way to start.

Smokers squeezed by soaring cigarette costs and workplace smoking bans are increasingly being hit with another cost increase — this time for health insurance.

A growing number of private and public employers are requiring employees who use tobacco to pay higher premiums, hoping that will motivate more of them to stop smoking and lower health-care costs for the companies and their workers.

When you light up the cigarette in your mouth, you put yourself in position to spend more on life insurance than you should have.

Should you blame an insurance company if they wanted to charge you more for life insurance if you are a smoker?

So, why is life insurance more for a smoker?

Science has shown that people who smoke generally pass away at a younger age.

While evaluating how much of a risk you are to insure, the life insurance company takes into account the fact that you smoke and the negative impact that smoking has on your life expectancy. Because you are a higher risk to insure (i.e. more likely to die sooner than someone who doesn’t smoke) the life insurance company charges you more for your life insurance policy.

Unfortunate as it is, people who smoke will generally always pay more for their life insurance. But that doesn’t mean you have to pay exorbitant prices if you are a smoker.

Life insurance companies for right reason want their clients living long, flourishing lives. This as you can understand benefits both parties.

To simplify, for the policyholder, the longer that you remain insured, the longer you can be shielded by your policy. For the life insurance company, the longer the consumer pays for insurance, the more profit the insurer accumulates. That should make it a lot perceptible as to why health plays a role in term life insurance rates.

So why is smoking separated aside by many life insurance firms when it comes to determining rates?

First, there are a number of illnesses, many leading toward to death, that are connected to smoking.

According to the US Centers of Disease Control estimates, smokers rack up $167 billion in healthcare expenses and losses in productivity annually.

The life anticipation of smokers is less than those who do not use tobacco. When life insurers take note that an applicant cares to smoke, it automatically sends up red flags. The individual is thought to have a shorter lifetime, and is expected to maybe have health matters down the road. That’s why, term life insurance rates for that particular person, and are probable to be greater.

So just how do insurance companies find out if you smoke without their knowledge?

First, life insurers use a questionnaire that is supplied to each customer looking for term life insurance rates. If you smoke and think lying on the questionnaire is the way to go, think again.

A number of the questions include smoking. While you may consider lying, the next step, a medical checkup exam, is likely to trip you up. The insurance company will be looking for certain matters during this exam.

Due to the fact there are chemicals left behind in the body by smoking (such as nicotine), the insurer can spot if you are a tobacco user. The bottom line….all of your life insurance policies can be annulled if you’ve been found out to be a liar.

In the case you are engaged into a life insurance policy, you are allowed to update your medical examination at any time.

Whether it’s the rising prices of cigarettes and health premiums or a heightened public focus on the health risks, more smokers are giving up the habit. The bad news: quitting smoking is hard. The good news: it can be done. Today more adults have succeeded in quitting than there are current smokers.

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Comparing Car Insurance Online – Saves Money

Finding inexpensive insurance policy rates can be a confusing job. Frequently people wind up spending more money on exploring than the amount they really save – said Nick Nicholaidis from Insurance4LessDirect.com This situation caught our attention and Insurance4LessDirect.com came up with the finest service to compare the most affordable insurance rates on the market, added Nicholaidis. Rather than walking from insurance agent to a different one, or making countless phone calls, online insurance service is just a click away from your computer or smartphone. You are able to compare the rates of insurances available in your vicinity. Choose the best suitable insurance policy you wish to go for – said Nicholaidis.

Getting Cheap Car Insurance Was Never So Easy

But it can be very simple if you are using Internet – added Nicholaidis. All that you need to do is fill in the zip code and enter the type of insurance policy you are in search for. The search will immediately be forwarded to our network of licensed brokers and agents who compare the rates and send you instantaneous results according to your specific needs and location. Online Insurance comparison service is highly reliable and over the past years, we have helped thousands of people find themselves the best insurance rate quotes. The use of Internet insurance quotation service is so easy and hassle free that you will wish you had used them much earlier. You will realize how much money you have wasted on costly policies due to the lack of complete information, comparison and knowledge – explained Nick Nicholaidis PR from Insurance4LessDirect.com

Are You Insurance Company?

The answer to this question is ‘NO’. Insurance4LessDirect.com is not an insurance provider; neither do we endorse any particular company or seller. We help you search the best and most affordable insurance rate quotes for your home, automobile, life, disability and health cover needs. We ensure that you benefit every time you purchase any insurance policy -

Competition in the Industry

Just like every other sphere, the insurance sector has also witnessed fantastic growth. A numbers of companies, both new and old, have made it very difficult to get cheapest and the best insurance policy yourself. Respective companies provide great offers and generous discounts on insurance fees. To nourish their shares in the competitive marketplace, some companies go the other way and try to fool around customers by in-genuine ads and consultation. They overcharge you for the insurance policies that are available in the common market for cheaper rates. After buying the insurance policy, you realize that you have been trapped by the simulated advertisements and promises. Beware of such companies. And before buying any such policy, run a quick check for best insurance rate quotes. You will be in for a surprise – warned Nicholaidis.

Cost Efficiency

If you are buying insurances at the most inexpensive and most competitive rates, then you have the advantage of purchasing more number of policies for yourself and your assets. You will finish up paying the lowest premiums and save lots of money.

Insurance is still affordable in the world where living costs are continuously rising. Every time you purchase a policy, ensure you get the best insurance rate quotes. So stay economical in these troubled economic times and compare insurance policy rates before you purchase any.

Our job is to make sure that no one spends a penny more than the actual rate of any insurance and we have provided our service regardless of the type of insurance required. With our help you will easily get the best insurance rate quotes.

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Do I need Insurance to Rent a Car?

When renting a car, you need insurance. If you have adequate insurance on your own car, including collision and comprehensive, this may be enough.

Before you rent a car:

  • Contact your insurance company
    Find out how much coverage you have on your own car. In most cases, the coverage and deductibles you have on your personal auto policy would apply to a rental car, providing it’s used for pleasure and not business. If you don’t have comprehensive and collision coverage on your own car, you will not be covered if your rental car is stolen or if it is damaged in an accident.
  • Call your credit card company
    Find out what insurance your card provides. Levels of coverage vary.
    If you don’t have auto insurance, you will need to buy coverage at the car rental counter. The following coverages are available to you at the rental car counter:
  • Collision Damage Waiver (CDW)
    Sometimes called a Loss Damage Waiver (LDW), this coverage relieves you of financial responsibility if your rental car is damaged or stolen. The CDW may be void, however, if you cause an accident by speeding, driving on unpaved roads or driving while intoxicated. This coverage generally costs between $9 and $19 a day. If you have comprehensive and collision on your own car, you may not need to purchase this coverage. (Note: In New York, collision damage is already included in the rental price and rental car companies are not permitted by law to charge extra for the CDW. New York also restricts the liability of drivers to $100.)
  • Liability Insurance
    This provides excess liability coverage of up to $1 million for the time you rent a car. Rental companies are required by law to provide the minimum level of liability insurance required by your state. Generally, this does not offer enough protection in a serious accident. If you have adequate liability coverage on your car or an umbrella policy on your home/auto, you may consider forgoing this additional insurance. It generally costs about $7 to $9 a day. If you don’t own a car, and rent cars often, consider purchasing a non-owner liability policy. This costs approximately $200 – $300 per year. Frequent car renters sometimes find this more cost-effective than constantly paying for the extra liability coverage.
  • Personal Accident Insurance
    This provides coverage to you and your passengers for medical/ambulance bills. This type of insurance, usually costs about $3 per day, but may be unnecessary if you are covered by health insurance or have adequate medical coverage under your auto policy.
  • Personal Effects Coverage
    This provides coverage for the theft of personal items in your car. However, if you have homeowners or renters insurance, you may be covered for items stolen from the car, minus your deductible. You need to have receipts or other proof of ownership. This type of insurance usually costs about $1.25 per day.

Some rental car companies combine personal accident and personal effects coverage together as one type of insurance, while others sell it individually.

The cost of insurance at the rental car counter will vary depending on the rental car company, state, and location of the dealer and the type of car you rent.

Some rental car companies may check your credit and driving history and may deny coverage. Check with the rental car company to find out its policy.

Did you know: If you’re renting a car abroad, you may need an international drivers license.

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Red Cars More Expenssive to Insure?

Color of your car is not a even used to calculate automobile insurance rates. Insurance Companies do not even ask about color of your vehicle when you request a quote. Factors that do matter are the year, make, model, body type, engine size and age of your car, as well as drivers on your policy.

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What is in a Basic Auto Insurance Policy?

Your auto policy may include six coverages. Each coverage is priced separately.


Bodily Injury Liability

  • This coverage applies to injuries you, the designated driver or policyholder cause to someone else. You and family members listed on the policy are also covered when driving someone else’s car with their permission. It’s very important to have enough liability insurance, because if you are involved in a serious accident, you may be sued for a large sum of money. Definitely consider buying more than the state-required minimum to protect assets such as your home and savings.

Medical Payments or Personal Injury Protection (PIP)

  • This coverage pays for the treatment of injuries to the driver and passengers of the policyholder’s car. At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident. It may also cover funeral costs.

Property Damage Liability

  • This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else’s property. Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your car hit.

Collision

  • This coverage pays for damage to your car resulting from a collision with another car, object or as a result of flipping over. It also covers damage caused by potholes. Collision coverage is generally sold with a deductible of $250 to $1,000—the higher your deductible, the lower your premium. Even if you are at fault for the accident, your collision coverage will reimburse you for the costs of repairing your car, minus the deductible. If you’re not at fault, your insurance company may try to recover the amount they paid you from the other driver’s insurance company. If they are successful, you’ll also be reimbursed for the deductible.

Comprehensive

  • This coverage reimburses you for loss due to theft or damage caused by something other than a collision with another car or object, such as fire, falling objects, missiles, explosion, earthquake, windstorm, hail, flood, vandalism, riot, or contact with animals such as birds or deer. Comprehensive insurance is usually sold with a $100 to $300 deductible, though you may want to opt for a higher deductible as a way of lowering your premium.Comprehensive insurance will also reimburse you if your windshield is cracked or shattered. Some companies offer glass coverage with or without a deductible. States do not require that you purchase collision or comprehensive coverage, but if you have a car loan, your lender may insist you carry it until your loan is paid off.

Uninsured and Underinsured Motorist Coverage

  • This coverage will reimburse you, a member of your family, or a designated driver if one of you is hit by an uninsured or hit-and-run driver. Underinsured motorist coverage comes into play when an at-fault driver has insufficient insurance to pay for your total loss. This coverage will also protect you if you are hit as a pedestrian.
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