One of the Biggest Distractions Today

We all understand there’s a risk to putting our Teen behind the wheel. I believe there’s always room for improvement with the implementation of more Driving programs and courses as well as setting certain in-home solutions to help build more responsibility for our Younger Drivers.

Heres one way to help your Teenager become a more responsible young driver. I know one Mother who had 3 teenagers all driving at the same time yet never had to experience a claim during the time they were living at home. She made all three begin saving up for their deductible well before they were old enough to drive. She told them they could have thier Driving priveledges once the full deductible was saved and deposited into her account. Not a bad tactic to use. Once the kids get their own policy they are refunded the deductible. This deposit could also be used to pay for violation fees but the child wouldn’t be able to Drive until the full deductible was back in the account.

Some states have implemented some great Drivers Education programs for Teens.
Other states have adjusted age requirements as well as other laws regarding Teens and driving which has had an impact on these statistics.

We decided to take a closer look at the number of fatal accidents in which a Young driver was involved.
These statistics do not include serious injuries or other non-injury auto accidents, only accidents where a fatality
occured. Where you live determines your rate for many reasons and provided below is one way Insurers may
determine your rates with a young Driver on the Policy.

After reviewing all US states, we’ve determined which states have the highest risk of Young drivers
involved in fatal auto accidents and which state had the lowest risk of fatal accidents where a Young
Driver was involved. These information used is from recorded crash statistics and 2006 population data.

Oklahoma was found to have the highest percentage of fatal accidents with involvement of a Young Driver.
Rhode Island had lowest percentage of fatal accidents where a Young Driver was involved. We based these
two to develop a quick scoring formula for each U.S State.

0.00433% is the highest percentage we came up with

for these fatal accidents by in Oklahoma.
number of accidents (155) / Population (3,579,000)

0.00084% is the lowest percentage we came up with for
these fatal accidents by in Rhode Island.
number of accidents (9) / Population (1,068,000)

Our Grades are based on a curve .00084% representing the best score (100% A)
and .00433% representing the lowest (0% F)

Low-Insurance.org provides low car insurance quotes by helping shoppers comparison shop several companies for a low cost auto policy. If you would like to compare quotes to save more, begin comparing insurance quotes today. Come check out our next post which will provide some additional car insurance tips on ways to evaluate your auto insurance needs.

I recently read a story about a slip-and-fall scam that happened in Mesa in December of last year; (2009). Apparently one guy entered a business with the idea of planting a hotdog for his trailing partner to slip and fall on. Sounds like something out of a cartoon. Like you wouldn’t see a hotdog. Anyways, the problem with their plan is they met up with each other “inside” the store before the hotdog incident occurred. Cameras clearly shown the Man and Woman together talking before the hotdog was even set. The camera even shown the Man carefully plant the hotdog after taking a good look around. A little later the woman he met up with in the store slipped on it and was taken to the hospital for her so-called injuries.

If your considering fraud as a way to get out of debt or to just supplement your bank account, please reconsider. Attempting fraud will most likely lead to felony charges and even prison time. It’s just not worth it. This week look out for another article detailing some of the “less intelligent” fraud cases recorded.

So what is insurance. Insurance is defined as protection against a financial loss. Insurance is here to protect us against the common risks we face on a daily basis.

Risk is defined as a chance of loss. There are two types of risk; pure risk and speculative risk. Pure risk is insurable, however speculative risk is not. Gambling is a good example of speculative risk. With speculative risk you have a chance for gain. Insurance companies will only cover you for pure risks. You can learn more about the four basic ways we treat risk here

Peril is the word insurance companies use which is defined as cause of loss. For collision coverage, insurance will not pay you for hail damage done to your vehicle. Under collision this is an uncovered peril. If you happen to have comprehensive coverage you would be covered. Comprehensive coverage is an “other than collision” type of coverage. Hazards are what increase the chance of a Peril happening. Read more on hazards here.

Being familiar with Named Perils is extremely important and purchasing homeowners or dwelling insurance. Although some of the forms are all risk, the less expensive policies are always Named Peril Policies. Named Peril Policies will only pay for named perils. All risk policies will cover all causes of loss except those excluded on the exclusions section of the contract. Read these carefully so you know exactly how much protection you’re buying.

Principle of indemnity states: You cannot profit from your insurance. With property insurance the insurance company will pay for either your loss or your policy limit whichever of these two is less. This principle also states that your insurance will make you whole again. I like to see pictures as I’m reading so I added a simple “Principal of Indemnity” diagram above.

Property Insurance

With property insurance, Applicants must have a personal interest in the property that they insure. Personal interest must be proven at time of application and at time of loss. You cannot profit from insurance. The purpose of insurance is to make you whole again. You know I had just a little diagram that shows someone’s financial loss being made whole again. You’ll notice that the 3rd circle does not get larger; although many Insured will try for a larger outcome.

The Risks Students Face:

Driving Risks

There are many risks students face when they move away from home to attend a new University.  Unfamiliar traffic lights and new scenery may lead to a higher risk of an accident occurring. While within a new city it’s very important to pay extra close attention to the signs and not let your eyes wonder.

Health Risks

For some people the body needs to go through an adjustment when moving to a different climate.  I personally have witnessed this with a relative who comes to visit us here in Arizona.  She lives in Minnesota so the warmer climate is very much noticed.  Many students love to stay active in sports and outdoor activities so those moving to warmer climate areas must make sure to stay hydrated.

Where can students go to get the health insurance they need at an affordable rate?  There are a number of Carriers who offer special plans for students.  A few Carriers who have special plans for students include Aetna, United Health Care, Assurant.  Comparing plans is easy for students looking for an affordable health insurance solution.  You can compare student insurance plans by selecting your state here.

Renters, New Risks

New students face new risks when they move from there home to attend a University.  One new risk that should not go without notice is the risk of theft.  If you move into a new dorm room or even a small apartment, theft can easily become an issue.  For many students who move into an apartment, they may be the only ones occupying the unit.  If this is the case how hard would it be for a criminal to get used to your class schedule?  If they watch you leave and return at the same times every day, they will soon setup their own time for intrusion.  When students move into dorms with roommates, this does not exclude them from the risk.  Remember the majority of your neighbors are younger students with a little bit of adolescent maturity.  With this in mind it may be a wise move to purchase a renters insurance policy.  Most of these policies are low cost and will protect you from theft while you’re away from home in College.  For renters insurance you can compare quotes by clicking here.

Retaining Risk

You can retain your risk, which means keep don’t do anything about the risk you have. This is a money saving technique with horrible consequences. Insurance is here to protect you financially from the risks we see every day.

Avoiding Risk

You can also avoid risk. Ride a bike to work lower their risk of being in an auto accident altogether and save some money. Although this is a very healthy thing you can do for yourself as well as the planet, most people prefer having a vehicle to use for the early morning commute.

Transferring Risk

Finally we come to transferring risk, which is the definition of insurance. Insurance is transferring the risk of a large uncertain loss occurring in return for a small circuit payment, also known as premium, from your pocket to the insurance company. Insurance is by far the best way to deal with risk. To keep your insurance premiums low you must also keep in mind how you can reduce your risk.

Reducing Risk

Reducing risk will lower your insurance rates in the long. Few easy to avoid risk is by not driving after hours, avoid doing multiple tasks while driving, avoid speeding and obey all traffic laws and finally cut down on unnecessary trips. It’s unnecessary to take three separate trips around town right after getting home from work.

Lower Insurance Premiums

Another way you can get lower insurance rates is by determining the deductible amount. This is the amount that you must pay before your Insurance Company will pay you for any claims that you make. Raising your deductible will lower your insurance rate enough to notice a difference. If you to do decide to raise your deductible make sure that the deductible is not too high. Being able to come up with this amount is important if anything happens that puts you in the position where you must file a claim.  person shopping for your car insurance is also a good idea.  Rates can vary by hundreds depending on what insurance companies you get quotes from. If you like to get an auto insurance quote online click here.

As you may or may not know insurance agents can provide anybody within their own state coverage. So whether you’re in Chicago Illinois are Waukegan you will have a wide variety of agencies to choose from. Came across one agency out of Illinois that I thought would be a very good company to work with for a living within the state. And you know this agency is lists insurance agency which has been in business for over 75 years now. The reason why I decided to talk about this agency is because I noticed that they were experienced in many different lines of coverage as well as being an Independent Agency.

Compare Illinois car insurance rates:

Waukegan Illinois Independent agencies will have the ability to compare your insurance rates between multiple insurance providers. If you want to call for your quote that you don’t want to call from insurance company to insurance company, this is the type of company you call. With only having to do a single quote you be certain to get the most competitive rate for the coverage that you need. A few companies that this agency works with the include Zurich, Safeco, the St. Paul, Ohio casualty group, Indiana insurance and Drive Insurance from Progressive.  These are just a few property can and casualty insurance providers which this Illinois insurance agency works with.

This agency also provides business coverage as well as life and health insurance solutions. If you like to contact Waukegan Insurance Company you can call them at 847. 623.0456 or visit them online at Westinsurance.com

Low insurance and Security understands how important it is for shoppers to find low-cost insurance solutions for the protection that they need. We do prefer this Insurance Agency as another option for anybody trying to get an affordable insurance rate in the state of Illinois. If it’s health-insurance insurance search for, prior to shopping for coverage see if there are any programs available. You can do this by clicking here.

There are four types of hazards known to the insurance professional.

Physical hazards are the first which include hazards which arise from structural or operational features of the situation.  For example a slippery floor or a huge tree branch in the middle of the road would be classified as a physical hazard.

Moral hazards come from a person’s habits and values.  The attempt to create a loss for the purpose of collecting from an insurance company is a moral hazard.  Another moral hazard is the filing of a false claim.  Also, every day someone sets themself up to be the victim of an auto theft.  In many cases this is done just to avoid the next monthly car bills which the driver cannot afford.  This is a very common moral hazard which may result in prison time for the one who makes that attempt.

Morale harzards come from carelessness or irresponsibility.  An example of a morale hazard is When some driver flies into oncoming traffic while trying to reach their dropped cell phone.  Another morale hazard I heard about in a traffic course was that of a teenager driving while attempting to apply visine.

Lastly there are legal hazards which arise from court actions that increase the likelihood or amount of loss.  Legal hazards will continue to increase as more people file lawsuits for large rewards.

To get a lower insurance rate the insured must do what they can to minimize any of these mentioned risks or hazards.  This can be done in many ways.  Drive a slower sedan instead of the fast hot rod.  Always drive safely.  If you want to lower your homeowners insurance rate avoid buying high risky toys like trampolines or swimming pools.  Join a health club and get into shape.  Eat healthy.  Make a list of things you feel may increase your risks on and off the road. Try to avoid these habits on a daily basis.