Archive for December, 2009

What cars cost the least to insure?

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by admin December 05, 2009 in Insurance News

When lots of Americans buy their cars, they haggle and debate everything from interest rates to purchase price to gas mileage. But one thing most people take as a given is the cost of car insurance.After all, it’s legally required. You just have to take the price the insurance company gives you, right?That’s true to a certain extent, but you can help manage your insurance costs by choosing the right kind of car. Getting a great deal on a luxury car can still cost you in the long run. Insurance premiums for those kinds of cars can be higher than the average car. In some cases, you’ll be paying double what you would on some of the nation’s least expensive cars to insure.In the spring of 2009, auto insurance premiums were dropping – down to $1,871 a year per car in May from the national average of $1,982 per car in October. So how can you go way below the national average and come out ahead on your car insurance? The answer may be in purchasing or trading for one of these 10 cars.

10 Cheapest Cars to Insure

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Insuring Your Kid’s Dorm Room on Your Homeowners Policy

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by admin December 05, 2009 in Insurance News

What your kid will pack off to college bears no resemblance to what you took. Today’s college-bound teens are leaving home with a pricey inventory of electronic equipment and sports gear. Here are some tips and basic info to make sure those valuables are protected.

Since theft is not unheard of in college dorms, check your homeowners’ insurance or your renters’ insurance policy. Your child’s campus dorm room may qualify as an extension of your home in the eyes of your insurance provider, which means all the possessions kept there are covered, usually up to 10% of your total personal property limit. For example, if your homeowners’ insurance policy is written for $100,000, your child’s dorm property would be covered up to $10,000, minus your deductible. Some of the more costly items, like an expensive sound system or computer, may need an additional rider. If your child is taking an expensive bicycle to college, check your homeowners’ policy or renters’ policy about taking out a floater. This ensures th

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