Buying Car Insurance For Used Car
Reader’s Question:
Is there a grace period to buy car insurance after purchasing a used car from a friend? I live in Georgia.
Allan
Atlanta GA
In Georgia, there is actually no grace period for buying car insurance. So when you purchase a car, you will need to buy car insurance as well before you drive it in public road. Operating a car without car insurance is against the law and you will get a ticket if you get caught driving uninsured car.
If you already have car insurance in place on other cars that you own you can see if your insurance company will extend you coverages on a new car that you purchase for a certain amount of time. Generally, car insurance companies only extend coverages when you are purchasing a vehicle as a replacement for another car that is on the policy.
I suggest that when you buy a a new vehicle or used car you should keep in the car with you the bill of sale dated within thirty days of the purchase date and a valid insurance declaration page to show as temporary proof of insurance. Make sure that you keep the bill of sale and the declaration page in the car all th time until you receive the insurance information card from your car insurance company.
Auto Insurance In Georgia
Readers Question:
My brother will be buying auto insurance soon. What helpful tips can you give to help him get cheap auto insurance in Georgia? By the way hes still studying if that makes any difference.
Carmine
Atlanta, GA
Before I give you shopping tips for your brothers auto insurance needs, let me just give you little information about the required auto insurance in Georgia.
The state of Georgia requires liability insurance with the minimum limits of 25/50/25:
- $25,000 for bodily injury for every person/ accident/
- $50,000 for bodily injuries for all persons/accident/
- $25,000 for property damage
For shopping tips, one very effective way of getting cheap auto insurance in Georgia is to have your brother increase his deductibles. The deductible is the amount of money that your brother needs to pay first before his own insurer settles the rest of his auto insurance claims.
Meanwhile, its a good thing that youve mentioned that your brother is still studying because auto insurance companies are required to offer a good student discount on a policyholders collision rates, liability, and first party medical if they meet any of the following:
- Belongs to the upper 20% of his class;
- With a B average or better
- With a Q 3.0 or better
- Is in a Deans List or Honor Roll
For more information on how your brother can get lower auto insurance rates, you can also check with his auto insurance agent.
Help Yourself Get The Best Life Insurance Coverage
Readers Question:
I would really like to know how to get the best life insurance policy for me. Can you share some tips to help me out here in Georgia? Thanks
Igby
Savannah, GA
Definitely! With the right information, you can be on your way to getting the best-priced Georgia life insurance coverage in the market, helping you save hundreds of dollars annually! Heres how:
Its Not The Best If Its Not The Right One For You
With the gamut of life insurance policies, one should know what kind suits his/her need the best. Term life insurance is great for people looking to get cheap life coverage for a certain period of time only. A whole life policy, on the other hand, is something that has the potential to grow and accumulate wealth while maintaining permanent insurance coverage, even if it can be a bit pricey initially.
Know How Much Life Insurance You Need To Buy
The best way to do this is to get t least a rough idea of what your dependents will need in the immediate future, should you suddenly pass away. Take into account daily expenses as well as long-term financial obligations such as loans or mortgage.
Get The Best Rates
Getting the most competitive rates from a wider range of insurers is now easier than ever! Thanks to online life insurance portals (like this website) that offer consumers free and instant access to the latest offers. Maximize your ability to get the best life insurance policy by comparing all your options effectively.
Live A Healthier Lifestyle, And Quit Smoking
Smoking kills, eventually, but makes you pay ridiculously expensive rates first! How ridiculous? About three to four times more than what a non-smoker would pay for the same amount of coverage. Those who start getting back in shape, taking a proper diet, and shunning away from extreme habits and activities will have lower premiums to contend with on their life coverage.
Insurance For Vehicles In Georgia
Reader’s Question:
Where do I find the most affordable insurance for vehicles in Georgia?
Patricia
Atlanta, GA
Good question. There are many ways to find the most affordable insurance for vehicles in Georgia (and anywhere else in the country as well). The easiest and most efficient way, however, is by looking for your next insurance policy online. Today, there are many vehicle insurance companies who have already established their online presence through websites and car insurance portals. They know that to survive the ultra-competitive car insurance industry, they would need to reach out to more customers and expand their market base.
This also means that consumers get to have more options, and more competition breeds better policies and offers and the consumers benefit at the end. You no longer have to rely on insurance agents or brokers just so you can get a better policy. With car insurance portals, you control the kind of rates and coverage you purchase. No wonder buying car insurance over the Internet today is getting more and more popular, especially among budget-conscious people.
If you are looking for the best insurance for vehicles in Georgia, we highly encourage you to use the free insurance quote tool found on this website and compare the best rates and policies on the web. It only takes a few minutes of your time, and a little bit of research to locate the policy that best suits your requirements.
Student Auto Insurance in Georgia
Reader’s Question:
I am a student here in Georgia. I’ve been surfing the Internet and I’m shocked to find that car insurance rates are too expensive. Since I am still a student, I’m not sure if I can afford those rates. I just wanna know, what are the things I need to do to get cheap student auto insurance in Georgia?
Bianca
Athens-Clarke County, GA
I am a student myself too. The fist time I was looking for cheap student auto insurance in Georgia, I was really shocked on how high the car insurance rates are. However, I found two effective methods on how you can lower you car insurance rates:
- Be contented with an old vehicle and do not ask for some fancy cars from your parents. Believe it or not, the more “attractive” your vehicle is (and what I meant by attractive is expensive) the higher your car insurance rates will be. If you are considering in buying a new car or asking a new vehicle from your parents, remember this golden rule: “How much will it cost for my car insurance company to repair or replace the damages on my vehicle?” If you think the answer is ok, meaning not expensive to repair or replace, then go ahead and get your low cost vehicle.
- Be a person worthy to be called as a “student”. What do I mean by this? Live up to the expectations of being a “good student”. Get good grades from school strive for an A average or if you cannot, then B will be just fine. The reason for this? Auto insurance companies offer a good student discount for those who have an average of B or even higher.
For more information on how you can get cheap student auto insurance in Georgia, you can always ask your auto insurance agent.
Accident Health Insurance
Reader’s Question:
I just watched the news today and I saw that someone got really hurt in a car accident. The poor guy driving the minivan was shown all in bandages and his face was a mess. It would probably have cost a small fortune to pay for the hospital bills.
So I’ve been thinking: what if I get into a car accident and someone gets hurt? Will accident health insurance cover the medical bills if it’s my fault?
Jill
Atlanta, GA
A decent insurance company will definitely cover for accident health insurance. They’ll live up to their responsibilities and will make sure that you don’t have to worry about medical bills, even if it is you who’s the one at-fault in the accident. However, getting into accidents is one of the most expensive ways to raise your premium. You can expect it to go up by at least 40% because you got in an accident that was your fault. That’s just the way auto-insurance goes.
Just make sure that you understand everything in your insurance contract down to the letter. A not-so decent insurance company will look for legal loopholes to get around the situation rather than pay up. These are the shady types of companies that trade money for client trust, so be very careful with the contract. If ever you get into an accident and the insurance company doesn’t pay up or pays less than what you expected, read the contract carefully and seek legal advice if you think something’s not right. It’s the easiest way to make sure that everything’s in order.
Copayment and Coinsurance in Health Insurance Policy Georgia GA
Reader’s Question:
Is there a difference between the words copayment and coinsurance? What do these mean? I’ve heard them being used interchangeably, so I wonder. This is Mike from Georgia.
Mike
Atlanta, GA
Hello Mike of Atlanta! I bet we all wish we never had to spend a single cent when we go see a doctor. We have health insurance coverage after all but sadly that is not the case. The amount of money you have to pay physicians whenever you are in need of them is called copayment. The rest of the expense will be shouldered by the health insurance company. Buying prescription drugs is the same story. How much the copayment will be depends on the terms of your health insurance policy. HMOs or Health Maintenance Organization.
Coinsurance is similar but the term is used for health insurance policy with broader coverage. It may come in various proportions such as 80/20, 70/30 or 90/10. So for instance, you find yourself in hospital, 80 percent of the medical cost will be covered by your health insurance policy. Twenty percent of it will be paid by you.
One basic difference between the two is that copayments are set in fixed amounts that can go as low as $15 and as much as $40. It really depends on the type of medicine you purchase. Buying generic drugs means you pay less. Refer to your health insurance policy for details.
Tags: Health Care, health insurance
Avoid Increased Car Insurance Premium Georgia GA
Reader’s Question:
I got a traffic citation for rear-ending someone’s car in an intersection here in Georgia. Minor damages to the other driver’s car were sustained, but I have negotiated to pay for repairs to avoid filing a claim with my insurer. My driving record has been clean since I obtained my license two years ago. Is there a way I can negotiate to have this ticket removed so my car insurance wouldn’t consider raising my premiums?
Sandra
Savannah, GA
Having a clean driving record is definitely one of the things considered by car insurance companies when computing for your premiums. Your driving record can also be a basis for obtaining discounts from your insurer. So, this ticket is a minor setback for you. It would be advisable for you to take a defensive driving course. The State of Georgia may elect to remove or dismiss your traffic citation upon completion of the said course. You have to remember, though, that this can only be taken once in a period of one year and can only be taken up to five times if you are trying to have tickets or points removed from your driving record. There are two ways you can go about this. You can take it the traditional way, where you attend the course in a classroom. Others however opt to take the classes online where it is self-paced. You can log-in or out anytime you want. You have to remember, though, that completion of the online course is your sole responsibility. You also have to shoulder the fees for taking the course. An online defensive driving course in Georgia costs $29.95. This amount will prove to be very cheap compared to an increased premium in the future.
Tags: auto insurance claims, auto insurance premium, Car insurance discounts, traffic violation
Decreasing Term Life Insurance Georgia GA
Reader’s Question:
What kind of life insurance would I need to get if I only want coverage while paying my house mortgage here in Georgia? How about a decreasing life insurance policy?
Creath
Savannah, GA
Some people would find enrolling under a decreasing term life insurance policy would be best since the life insurance premiums decreases over time. This is one of the major kinds of term life or temporary life insurance where the total amount of life insurance coverage decreases as the policy matures. Lets say you take out a decreasing life insurance coverage there in Georgia with a face value amount of $100,000 that decreases $20,000 annually over a five years coverage period, by the fifth year, your premiums would have been very low however if you die within the fifth year technically your beneficiaries would only get $20,000.
An alternate would be a level term life insurance policy which would keep your rates as well as the amount of the insurance coverage level throughout the whole period. This would be more advantageous since your beneficiaries are assured of the entire coverage amount even if you happen to die during the last year of your life insurance coverage period.
So if you buy a large amount of coverage (or also known as “Face Value”) and intend to use this amount to cover the remaining mortgage amount on your house, level term life insurance would be your safest bet. It may be a bit more expensive then a decreasing life insurance term but you get the peace of mind knowing that your beneficiaries will get the full benefit amount regardless of what happens.
Tags: life insurance, life insurance advise, cheap term life insurance, advise
Decreasing Life Insurance Georgia GA
Reader’s Question:
I want to get a life insurance policy that can pay off my mortgage balance upon my death. What life insurance policy do you suggest?
Peter
Columbus, GA
If you are looking for a mortgage protection policy, your choices are decreasing term life insurance, level term life insurance and whole life insurance policy.
The decreasing term life insurance is also known as the basic mortgage protection life insurance and is the most popular mortgage insurance protection. With this type of term life insurance policy, the premiums are level in the entire life of the policy and death benefits are decreasing in the same manner as the mortgage balance. With decreasing term life insurance policy, the face value will be the same or higher than the amount of the mortgage balance.
Level term life insurance policy is also used as mortgage protection insurance in some cases. For example, a 10 year term policy can be used to pay your 10 year mortgage payments. Upon your death, the life insurance company will pay off your due mortgage balance with the bank.
The cash value in whole or permanent life insurance policy can also be used to pay off your mortgage balance. While you are still alive, this cash value builds up over the years. There are types of whole life insurance policy to choose from. These are universal life, variable life and variable universal life insurance policy. The whole life insurance policy though has a higher premium than that of term life insurance policy.
Tags: term life insurance, whole life insurance