Top three ways to save money on car insurance..

Written by: Stephanie King

In these hard economic conditions, everyone is looking for a way to save money. As much as we would like not to use our cars to save money on gas, realistically we need to. Since we must use our cars, why not save money doing it?? With multiple insurance companies out on the market, it is easy to compare prices and pick the right coverage for your pocket. Besides, comparing quotes there are other changes that can help you save money on your car insurance.
After choosing the right company with the lowest rate…here are some ways to lower your insurance costs:

1. Ask for higher deductibles. Even though it may seem hard to give up more money in the beginning, it can ultimately decrease your rates in the long run. These savings can be set aside in the case that you do need to make a claim for any reason.

2. Make sure your older cars insurance isn’t too much. Sometimes, it is easy to forget that a car loses values as time goes on. As the older car loses value, you might still be paying the same amount of insurance when you first bought the car even though it costs ten times less now.

3. Maintain good credit. As with many other companies, insurance companies are now making an emphasis on credit score. Making sure to pay bills on time and maintain a good credit score could ultimately save you money on your premium rates. Many companies use these scores to determine your insurance rate. Constantly checking you credit score for updates and changes,

could save you hundreds or even thousands.

Sources:

1. http://www.pueblo.gsa.gov/cic_text/cars/autoinsu/autoinsu.htm

2. http://www.edmunds.com/reviews/list/top10/116958/article.html

3. http://frugalliving.about.com/od/affordabletransportation/tp/Auto_Insurance.htm

Unemployment = Cheaper Insurance

Posted by : Stephanie King

Written by: Liv Osby

More than one in 10 South Carolinians are now out of a job, often costing them their health insurance along with their livelihoods.

But changes to the federal COBRA program might make that health coverage more affordable.
The state’s unemployment rate hit 11 percent in February, up from 10. 3 percent in January, the State Employment Security Commission reported Friday. In Greenville County, it was 9.5 percent last month. The national rate was 8.1 percent.

COBRA, or the Consolidated Omnibus Budget Reconciliation Act of 1985, was intended to keep employees from losing their insurance along with their jobs. It allows people to keep their employer coverage for up to 18 months, so long as they pay the full premium.

But those COBRA payments are unaffordable now for most on unemployment. In South Carolina, for example, the average unemployment payment of $1,209 a month equals the average COBRA family premium, according to Families USA. That forces many to choose between home and food or health care.

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