Tag Archives: Oregon
How To Find Affordable Life Insurance In Oregon
How To Find Affordable Life Insurance In Oregon
In order to find affordable life insurance in Oregon you need to know what kind of life insurance you need and then compare policies and prices in order to find your best deal.
There are – basically – two different kinds of life insurance policies to choose from in Oregon: Term Life and Whole Life (there are also Universal Life and Variable Universal Life, but these are basically variations on Whole Life Insurance).
Term life insurance will undoubtedly provide you with the lowest initial premium payment. Term life insurance is a no-frills form of insurance that is easy to understand. The primary feature of term life insurance is that your policy will only stay in force for a specific number of years.
If you should die during the time that the policy is in force (that is, during the term of the policy) then the company will pay the agreed-upon death benefit to the beneficiary you designated. This is the simplest and most straight-forward insurance policy you can purchase, and – at least initially – this is the most affordable insurance.
For some people there are one or two drawbacks to a term policy. For one thing there is no cash value to the policy as there is over time with other forms of life insurance. The other major drawback is that when the term of the policy runs out you must buy a new policy at a higher premium rate if you wish to continue having term life coverage.
If the policy is renewed several times over the years, the premium rate can become quite high, erasing any benefit you received in the earlier years.
Whole life insurance, on the other hand, has a higher start-rate for premiums than a term life policy, but the premiums remain constant for as long as you choose to keep the policy in force. A portion of your whole life premium is deposited into a cash account, and over time this cash value can become quite substantial and can even be borrowed against at very low interest rates.
There are several things you can do to keep your life insurance affordable. First, get a policy as soon as possible – premiums are based on age and become higher the older you are.
Second, live a healthy lifestyle. This includes not smoking (smokers pay more for life insurance), and keeping your weight down.
Drive a sensible car (people who drive sports cars and other high-performance vehicles pay higher rates).
Don’t routinely engage in extreme sports or have a risky job. Obviously putting your life at risk on a regular basis will increase how much you pay for life insurance.
And, finally, pay your bills on time. Many people are not aware that your credit history can affect how much you pay for insurance.
Talk with an insurance agent or get online and compare a wide range of life insurance plans until you find one that has the coverage you and your family need at a price that you can afford to pay for many years to come.
How To Compare Low Cost Car Insurance In Oregon
How To Compare Low Cost Car Insurance In Oregon
Everyone wants to save money on their car insurance, Oregon drivers possibly more than most other drivers. The reason for that is that Oregon drivers pay some of the highest car insurance rates in the country.
If your car is being financed by a bank or other financial institution you may have only limited choices when it comes to comparing low cost auto insurance, but by comparing the rates offered by a variety of companies you can still save money – the rates offered for the same policy by different companies can vary by several hundred dollars a year, so taking the time to make the comparison can really pay off.
Start by writing down how much of a deductible you can afford to pay in case you have a claim, and what coverage amounts you will need based on the age of your car, and the area where you live. If you live and drive in an area with a lot of new and very high-priced cars you may wish to take out higher Collision limits than you would if you normally drive in an area where most people drive older models. If your car is over 5 years old consider taking out the lowest amount of Comprehensive coverage offered – or even dropping comprehensive coverage altogether.
Once you know what coverage amounts you are comfortable with, get online and find one of the many sites that allow you to quickly and easily compare auto insurance policies and premium costs.
Be prepared to answer quite a few questions, including questions on your driving history (accidents and tickets within the past 5 years) and even questions on your credit history before you can get your quote comparisons.
Consider the time spent getting rate quote comparisons as an investment in lowering your future car insurance premiums – the more of an investment you make today, the greater your savings will be for years to come.
How To Find The Best Rates On Car Insurance In Oregon
How To Find The Best Rates On Car Insurance In Oregon
Most people really can’t afford to pay any more for car insurance than they absolutely have to. After all I don’t know anyone who likes paying their monthly car insurance premium.
However, pay it we must if we want to drive our cars on public roads legally and morally. But that doesn’t mean there aren’t steps you can take to lowering those monthly payments – some may even be ideas you were not familiar with.
For example, if you have excellent credit talk to your insurance agent about getting a discount on your auto insurance. Most people don’t know it, but your overall credit score can affect your car insurance rates.
And while we’re at it, when was the last time you simply asked your car insurance company for a list of all their discounts. You could be surprised at some of the little-used discounts that could lower your bill.
For example, are you a member of an organization such as AAA or an employee of a large company? Often insurance companies provide group members with a break on their insurance rates.
If you are a student you already know how high car insurance rates can be in Oregon, but did you also know that if you maintain good grades many companies offer a Good Student Discount?
If you combine your homeowners and life insurance and your car insurance all with the same company you’ll probably be entitled to a multi-policy discount.
If your car has any type of anti-theft device or if you have an anti-theft device installed on your own, check with your insurance company – almost all of them provide a break for anti-theft devices on cars.
If you own an older car that has little or no Blue Book value then it probably doesn’t make a lot of sense to carry Comprehensive insurance. This is the insurance that pays for you car if there is an accident, and if you car has little or no Blue Book value then your insurance company is not going to pay you much – if anything – anyway.
One of the simplest things many drivers looking for the best rates on car insurance in Oregon do is to increase the deductible on their vehicle. Your deductible is the cash you pay out of your own pocket when you have an accident before your insurance begins to pay. By increasing the deductible on your car from 0 to ,000 you can cut your monthly premium by as much as 50% in some cases.
Whatever you do, you need to shop a variety of companies and compare prices, because prices for the exact same car insurance can vary by many hundreds of dollars per year depending on the company you buy your policy from.
Today there are literally dozens of sites on the internet which allow you to compare auto insurance with the click of a button and find the best rates on car insurance in Oregon in no time at all.