Advice Factory : Insurance, the truth.

By guest adviser:

Dr Thomas Flinn,

(Financial editor for Global News) 

It's sad to say but most people do not realize that they are currently overpay for their insurance. 

Insurance companies look at a lot of different things before deciding how much you pay:

Certain professions pay less on car insurance? Car insurance company tend to
favor professions that usually pay attention to detail. They believe that drivers take
certain traits from their job into their driving skills.And it also shown known certain professions have less of a risk at getting in an car accident than others.

Professions that are known to pay attention to detail include physicians, bookbinders and pilots. Even engineers are included in this list. You can easily get cheaper car insurance by simply changing your profession.

Another way to pay less every month on your insurance is to reduce the amount of miles
you put on your vehicle on an annual basis. Did you know: 7.1/10 drivers over estimate
there annual millage. ( I suggest you check yours next time)
The less miles you drive the more you can save on your insurance.

Another one of the best ways you can get cheap car insurance is to go online.
But if you are reading this you already know that, Right?

Insurance company's in most cases will check:
 The previous three years. If you have a clean driving record, then you will be able to
buy cheaper insurance.

Home and contents company's look at crime rates and flood risks etc.

You cant really effect any change in these but you can make saving by combining different types of insurance. example: Home, content and life insurance. You can use a broker but you will pay for there time and its easily possible to do yourself.

With this type of insurance most people don't claim when they should!

example: if the washing machine floods most people would repair it and replace the floor themselves.

Its covered! CLAIM CLAIM CLAIM they can only say no! You will be surprised whats covered, it costs nothing to ask!

You should always, always, always check many different insurance companies. There are hundreds if not thousands of insurance companies that would love your business. You will be surprised, I suggest you get a minimum of 25 and use the phone as well as the web.

Why does the law insist i buy insurance for a car?  We should have the right to choose
not to buy any insurance if we do not want to.

 The insurance company undertakes a huge amount of risk on your behalf every year. It
is an invaluable service that can be dismissed only till the day you need it.

Most country's insist that you must buy insurance, not for you, but for others who may
be injured by your car. 

That is why you must buy insurance if you want the privilege and freedom of driving.

I hope this information has been of interest help please visit one of my adds, (it help to keep genuine advice site free)

Regards Thomas Flinn

For more advice on mortgages and home loans see:

http://mortgageadvice.yolasite.com/

I hope that this advice helps and I wish you the best of luck:

Regards

Dr Tom Flinn