4insure

With the current economic turn down, many of us are being forced to make more difficult financial decisions than we’re comfortable making. When we have to choose a mortgage payment, groceries, or school supplies over auto insurance, we are gambling with our finances and well-being. However, thousands of people every day drive with auto insurance, even though it is required by law to carry it. Uninsured motorist coverage is required in 48 states, Massachusetts and Maine are the only states that don’t.

Unfortunately, for some of us, tough decisions such as these simply aren’t avoidable. The Insurance Research Council performed a study that revealed the fact that there are 13.8% of US drivers are still driving uninsured, and is only expected to increase by next year with the rise of unemployment and debt.

You should never cut Uninsured Motorist coverage from your policy. You may not be required to have it in you state, but it can protect you financially in the worth of scenarios. If someone where to cause an accident with you vehicle, who doesn’t have auto insurance, it could take years to get your money. And may even cost you thousands of dollars in legal fees, if they try not to pay.

Your level of Uninsured Motorist protection should be on par with Bodily Injury Liability coverage. Uninsured Motorist coverage is relatively inexpensive, so it shouldn’t put a big dent in your bank accounts.

Uninsured Motorists Property Damage coverage (UMPD) is another, not very well known, type of auto insurance that many motorists overlook. Again, Uninsured Motorists Property Damage protection isn’t required by most states, but should definitely be considered. If you own an older car, and consider yourself a particularly cautious driver, you may be able to avoid UMPD coverage. Instead a collision coverage package should be in place to protect yourself from the chance of exorbitant car repairs.

Some states have incredibly high uninsured motorist rates. In states like Alabama, Florida, Mississippi,  New Mexico, and Oklahoma, more than 20% of all drivers are uninsured. This could pose a serious risk to your financial and personal well-being. In other words, 1 in 5 driver may not be able to pay you immediately for bodily or property damage in the case of a collision. There is also the cheaper alternative of being a diligent and defensive driver. Although the accident may not be your fault, it’s always best to avoid any chance of collision.

Drivers in Maine, Massachusetts, New York, North Dakota, and Vermont are among the highest percentage of insured drivers, where over 94% of the population has auto insurance.

Another easy way to save a great deal of money on your Uninsured Motorist and Uninsured Motorists Property Damage is to get an array of auto insurance quotes, rather than just a single quote. Entering your zip code above will send you on your way to dozens of auto insurance quotes in minutes. You’re probably paying hundreds of dollars more than you need to when you don’t shop around.

Your kids going away to college is a major turning point both in the life of the student, and their parent. This can also be a very scary point in the lives of parents and their young students. Although you won’t be able to be there for them at every roadblock, but you can still ensure that they are safe and protected while they are away.

A few decades ago, not many people would bring their cars with them to college, but times are changing, and it’s an every growing trend to bring your vehicle along with you. More and more students are forced to work during their semesters at school just to be able to afford the next semester of schooling.

Your child may be going away to school, but as you know, they still have a lot to learn. And you should plan accordingly. You never know what activities your student will be getting into, if they’ll be drinking, or who they’ll be driving with. These can all be scary thoughts, but you should set some time aside before they leave to discuss these things. The greatest protection a student has from an accident, is proper driving education. Make sure you discuss with your student the dangers of drinking and driving, staying alert on the long drives from and back to home, and other dangers associated with driving.

It’s also important that you look over your auto insurance policy before they leave. For example, some policies may not provide coverage if they are living in another state where their university campus is located. This is just one common example. Some policies may have strange terms and conditions, it’s important to be aware of what exactly they are.

There are 3 ways to save on auto insurance for your student: discounts, pay-per-mile coverage, and multiple quotes.

College is without a doubt,the most expensive investment you’ll ever make in your child’s life. Luckily, there is a way to save a little coin with auto insurance. Full-time students can qualify for discounted rates, that others don’t have access to. All you have to do is ask, or answer the question accurately after entering your zip code above.

Pay-per-mile insurance charges you based on how many miles you drive each month. If your student lives on campus, encourage them to leave their vehicle parked, using it only in extreme situations. This can lead to huge savings on the months that they aren’t driving home to visit friends and family. If their school is rather close, the drive home may not even make a difference. Not all companies offer these discounts, but it’s worth looking into.

The best way to save on insuring your soon-to-be student is to shop around for the best deals. Entering your zip code above will provide you with quotes from dozens of different companies, all with policies that match your specific needs to a T. Making sure your child is protected, even when you aren’t physically there, has never been easier.