A lot of people aren’t happy with their auto insurance these days, either because of its high cost or they wish they had more discounts. But if you happen to be a teacher, you don’t have as much to worry about. According to an article on MSN Money, “Horace Mann Insurance…offers discounts to teachers who belong to state education associations or the National Education Association… (also) available through…one of its two subsidiaries — Allegiance Insurance or Teachers Insurance.” The discounts are apparently based on the assumptions that teachers have a stable occupation, stable employment, and the understanding that the community scrutinizes them. These companies claim that stable jobs, being under the watchful eyes of society, and having responsibility make teachers more likely to be better drivers and therefore deserving of auto insurance discounts.
You will be able to use your good driving record to your advantage due to your status as a “good driver.” There’s a discount available for people with an engineering or science degree; specifically, most insurance companies offer a teacher discount because teachers are rated as “above average drivers” by the Auto Insurance companies.
At least one insurance company maintains that there is a direct relationship between what you do for a living and your risk of being in a car accident. Therefore, a scientist will pay the least amount of money and owners of businesses will pay the most. Not only does job type determine the cost of your insurance premium, geographic location, driving record, claims history, credit history, gender, age and car make and model also determine the cost of your premium. Therefore, if you are a teacher, you are in luck. The reasons for this are justified with statistical evidence.
It is proven statistically that teachers have better accident records and have lower records of reported claims than other drivers. Teachers have lower insurance because they are typically more alert. There is an insurance program particularly for teachers entitled the Teachers Insurance Plan. Under this plan, both active and retired teachers may obtain insurance coverage at a more affordable cost. This is a reward for the wonderful driving plan of teachers.
You are eligible to use the Teachers’ Insurance Plan if you are currently teaching or are a retired education professional. It is great that many insurance companies reward the education community for good driving habits with savings for teachers and other education professionals who are the pillars of their communities.
By: Diego Gaitan
It’s not exactly cheap to drive and maintain a car these days. As gas prices waver up and down and salaries fail to keep pace with inflation, it seems we’re all looking for ways to cut costs.
For those of us who drive, auto insurance is a necessary requirement enforced by law. Though we hate paying what we sometimes feel are outrageous premiums, the financial protection we gain from those policies is a trade-off we just can’t live without.
Just ask anyone who’s been involved in an accident lately.
But there is good news. As this mobile society struggles to keep up with increasing costs, auto insurance premiums have finally begun a downward trend.
According to one reliable source, the average auto insurance premium fell almost 2 percent last year, to an average of just over $2,300 per household.
That may not sound like much, but it translates to an average savings of $60 a year.
If you weren’t one of the lucky ones who got a pleasant surprise when your auto insurance policy renewed this year, don’t despair. You can still save money on your premium by following a few simple steps:
Comparison Shop. If you have a good driving record and/or buy a safer car, your premium should go down. Plus, with some companies now charging lower rates, increased competition means better auto insurance rates for you! Take advantage of online marketing services like InsureMe.com to find the best auto insurance rates from competing insurers.
Find out what your insurance will cost before you buy that new car. Auto insurance companies typically charge more for cars that are expensive to repair or don’t fare well in accidents. So before you drive off that lot, make sure your new car is considered safe, and relatively cheap and easy to repair by your insurer. This will help minimize risk…for both of you!
Ask your insurer for discounts. These cost-savers can lower your insurance premiums more than you might think:
Combining two or more cars on one auto insurance policy Buying a car with airbags or other safety equipment Installing anti-theft devices in your vehicle Completing a driver’s education course Insuring your home and auto with the same insurer Applying for a mature driver discount (for those between 50 and 65) Getting good grades (for students under 25)
Take the highest deductible you can afford. Your deductible is the amount you pay out-of-pocket, in case of a claim, before your insurance company starts paying its share. The higher your deductible, the lower your premium—it’s as simple as that. Just be sure you’re able to absorb a larger portion of your loss in case of an accident.
Improve your driving record. The more tickets and accidents you have, the more your auto insurance costs. So drive cautiously, improve your motor vehicle record, and inform your auto insurance company of the change. They’ll reclassify you as a safer driver, and lower your auto insurance rates in the process!
Consider dropping comprehensive and/or collision coverage if you drive an older car. Physical damage coverages like these reimburse you for damages to your own car. But if the vehicle you drive is several years old—or worth less than $1,000—it may not be worth much anyway. Dropping such unnecessary coverage can really save you money.
Review your policy regularly, and keep your coverage updated. Your auto insurance rates may fluctuate due to:
Adding or removing a driver from your auto insurance policy Replacing an older vehicle with a newer one Adding or removing a vehicle from your policy Increasing or decreasing the number of miles you drive annually
Talk to your insurer if you encounter any of these situations. Under the right circumstances, you’ll reduce the impact on your wallet—and walk away a few dollars richer!
If you’re looking for ways to counter prices at the pumps—and everywhere else, for that matter—take these tips to heart.
By: Penny Hagerman
A car owner looking for NJ auto insurance companies can easily get a list just by browsing through the Internet. No need to waste time and effort by personally going to each offices; anyone can just research on the Internet and get the desired list of NJ auto insurance companies.
Residents of New Jersey who are planning to renew their policies or get an entirely new car insurance policy should first get a list of NJ auto insurance companies before deciding on what company to get their car insurance from. Such list can be requested from the various online companies offering a list of NJ auto insurance companies and can be received in a matter of minutes.
Car insurance is a must for car owners and this should be the very first thing that should warrant their consideration. NJ auto insurance companies offer different insurance package that responds to the diversified needs of every car owner. It is important to know the different NJ auto insurance companies to enable a car owner to make an intelligent decision on his car insurance.
The first consideration one should look into when considering NJ auto insurance companies is the type of insurance coverage that is required by the car owner. Another important consideration that should be looked into when considering NJ auto insurance companies is of course the cost of the insurance policy.
While car insurance is a necessity a person should not just get insurance from the first NJ auto insurance companies that offer him a package. It is important to take note of the coverage of the insurance policy and match it to the needs of the owner.
It is also recommended that the car owner do some research on the type of insurance company he will be getting his car insurance from. He should talk to former or present clients of the car insurance company who can give him feedback as to how the company processes the various car insurance claims that are filed in their office.
The best thing about NJ auto insurance companies is that the car owner has an option to cancel the insurance policy within a pre-agreed period. He will then be entitled to a refund of a portion of the car insurance policy which he has already paid and which has been cancelled.
While NJ auto insurance companies offer a lot of benefits and insurance package, all insurance carry the basic coverage for any personal injury that may be suffered by the insured or the car passenger in case of an accident. There is a provision in which the insurance company agrees to pay for the medical and other bills of the injured passenger no matter whose fault the accident is.
There is also another type of insurance that pays for damages if the insured is at fault for the accident. This can be very helpful in case the driver is sued by the injured victim.
NJ auto insurance companies carry within their policy coverage for both physical injuries as well as damage to property. Such insurance policy may cost more but when a person is faced with a lot of people injured and property damaged as a result of an accident in which he is at fault then he will think that the money he paid for the car insurance policy is meager compared to what he has to pay if he was not covered.
It is understandable that every car owner would favor getting car insurance policies that are cheaper. However, do not be fooled by cheap car insurance offers because they may cost you more in the future.
The proper thing to do is to weigh all factors that should be considered when choosing an auto insurance agency. Price is of course an important consideration but a car owner should look more into the benefits and the coverage he can get from the insurance policy.
A car owner who is ready to face the task of getting the appropriate insurance coverage for his car should not hesitate to request for a list of NJ auto insurance companies and narrow down his choices from these list. Only then can he assure himself he has made the right choice.
By: Nathalie Fiset