•Missouri car insurance rates average $766 a year with liability insurance costing $370, collision coverage costing $252, and comprehensive coverage costing $144.
•Missouri ranks 37 out of 50 states for car insurance rates. Saint Peters auto insurance rates may be higher or lower than the Missouri average depending on factors such as your driving history, the type of vehicle you drive and the rates of vehicle theft in Saint Peters.
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Showing posts with label free online insurance quotes. Show all posts
Showing posts with label free online insurance quotes. Show all posts
Sunday, June 19, 2011
Tuesday, April 26, 2011
Reviewing your insurance coverage
When was the last time you sat down and really looked at your insurance policies - your car insurance, your home insurance and your personal liability insurance? If you are like most people, it's been years. More likely, you receive copies of your policy from your insurer and file them away somewhere and you never look at them again -- until or unless you need to file a claim. That's a big mistake. Instead, you should set aside some time to review all your policies. You just might find that there are opportunities to save some real money.
For example, did you know that discounts are offered to policyholders who have all their policies with one insurer? Take a look at your policies and see if you can consolidate with one carrier. Also, remember that you can generate substantial savings by changing your deductibles. Many people select a relatively low deductible for their car insurance --sometimes as little as $250. If you have a good driving history, you can increase that deductible to $1,000 and reduce your policy cost by 15 to 20 percent. Similarly, if you increase your homeowner's insurance deductible from $250 to $2,000 or slightly higher, you could see a premium decrease of 25 to 30 percent.
Besides the savings you could realize in premiums, you really do need to be reviewing your coverage to make sure it is still appropriate. For example, you may have taken out a personal excess liability (or umbrella) policy years and years ago and a $1 million coverage level may have seemed adequate at the time. However, maybe you have saved more and your net worth has increased and maybe now a $2 million policy is needed. These policies do not increase automatically so it is up to you to stay on top of the situation. Also, you should be aware that the addition of an extra $1 million of coverage on an umbrella is usually quite cheap. The first million in coverage is usually the most expensive.
Finally, if you have done any renovations to your home and have not updated your information with your insurer be sure to do so as soon as possible. It seems hard to believe but there have been several instances where people have substantially improved their homes (sometimes adding extra bedrooms and bathrooms) and forgot to inform their insurer. In those cases, if there is a loss, the new additions are not covered. The last thing you want to do is spend $50,000 or $100,000 on improvements and not be able to get reimbursed in the event of a loss
call me at 1-855-GET-SELECT for your free insurance review.
steve ludwig
president/ceo
select insurance group
saint peters, mo
For example, did you know that discounts are offered to policyholders who have all their policies with one insurer? Take a look at your policies and see if you can consolidate with one carrier. Also, remember that you can generate substantial savings by changing your deductibles. Many people select a relatively low deductible for their car insurance --sometimes as little as $250. If you have a good driving history, you can increase that deductible to $1,000 and reduce your policy cost by 15 to 20 percent. Similarly, if you increase your homeowner's insurance deductible from $250 to $2,000 or slightly higher, you could see a premium decrease of 25 to 30 percent.
Besides the savings you could realize in premiums, you really do need to be reviewing your coverage to make sure it is still appropriate. For example, you may have taken out a personal excess liability (or umbrella) policy years and years ago and a $1 million coverage level may have seemed adequate at the time. However, maybe you have saved more and your net worth has increased and maybe now a $2 million policy is needed. These policies do not increase automatically so it is up to you to stay on top of the situation. Also, you should be aware that the addition of an extra $1 million of coverage on an umbrella is usually quite cheap. The first million in coverage is usually the most expensive.
Finally, if you have done any renovations to your home and have not updated your information with your insurer be sure to do so as soon as possible. It seems hard to believe but there have been several instances where people have substantially improved their homes (sometimes adding extra bedrooms and bathrooms) and forgot to inform their insurer. In those cases, if there is a loss, the new additions are not covered. The last thing you want to do is spend $50,000 or $100,000 on improvements and not be able to get reimbursed in the event of a loss
call me at 1-855-GET-SELECT for your free insurance review.
steve ludwig
president/ceo
select insurance group
saint peters, mo
Thursday, April 21, 2011
Would Getting Auto Insurance Quotes Affect Your Credit Score?
These days the importance of credit score is highlighted even more. While providing auto insurance quotes credit rating is one of the key factors in determining applicants’ risk profile. Everyone seems to be interested in your credit worthiness. Mortgage companies, landlords, employers and insurers regularly check credit history of their applicants.
According to many auto insurance companies motorists with better credit ratings are less likely to make a claim. Although there are still few insurers that do not check credit history, most do ask for insurance credit score. Their calculation is not necessarily the same as standard credit check. Therefore, someone with perfect creditworthiness might receive a low insurance rating.
Currently it is almost an undisputed fact that credit habits tell a lot about applicants’ likelihood of making a claim. Insurance providers would naturally use every tool available to predict the profitability of your custom. Several studies have proved a direct link between claims and credit.
Some people might see that an insurance company enquired about their credit rating. They might assume that is the reason for the drop in their rating. This assumption would not be true as this would be considered a soft pull and would not affect your score. Nearly all of the credit checks that are not related to a credit application are considered soft pull.
When you apply for a loan, credit card or mortgage you would have a hard pull on your credit history. The purpose and indications of these two credit enquiries are completely different. The soft enquiry provides valuable information about your credit habits not necessarily needs. But hard pull offers insight to current need of credit.
In conclusion, there is not really much you could do about it. If you want a decent savings on your car insurance you need to compare different quotes. When you do that they will go ahead and check your insurance rating. Simply you could tell them to knock themselves out. It is unlikely that it will hurt you in anyway.
Contact me at 1-855-GET-SELECT (438-7353) for your FREE auto insurance quote
Steve Ludwig
select insurance group
president/ceo
According to many auto insurance companies motorists with better credit ratings are less likely to make a claim. Although there are still few insurers that do not check credit history, most do ask for insurance credit score. Their calculation is not necessarily the same as standard credit check. Therefore, someone with perfect creditworthiness might receive a low insurance rating.
Currently it is almost an undisputed fact that credit habits tell a lot about applicants’ likelihood of making a claim. Insurance providers would naturally use every tool available to predict the profitability of your custom. Several studies have proved a direct link between claims and credit.
Some people might see that an insurance company enquired about their credit rating. They might assume that is the reason for the drop in their rating. This assumption would not be true as this would be considered a soft pull and would not affect your score. Nearly all of the credit checks that are not related to a credit application are considered soft pull.
When you apply for a loan, credit card or mortgage you would have a hard pull on your credit history. The purpose and indications of these two credit enquiries are completely different. The soft enquiry provides valuable information about your credit habits not necessarily needs. But hard pull offers insight to current need of credit.
In conclusion, there is not really much you could do about it. If you want a decent savings on your car insurance you need to compare different quotes. When you do that they will go ahead and check your insurance rating. Simply you could tell them to knock themselves out. It is unlikely that it will hurt you in anyway.
Contact me at 1-855-GET-SELECT (438-7353) for your FREE auto insurance quote
Steve Ludwig
select insurance group
president/ceo
Sunday, April 17, 2011
Making sure your rental properties are properly insured
Rental property insurance, or landlord insurance, is your key "risk management" tactic, but it is not foolproof. You cannot completely eliminate risk from this or any other investment strategy. Your single goal is to manage – and minimize – your exposure to risk and hence potential lawsuits.
And if you're looking for low cost landlord insurance, forget it! This is one area where you get what you pay for. Of course you can and should price shop, but your primary goal is to get the coverage you need to fully protect yourself, not to save pennies.
Things to watch out for...
Fire insurance or "HO-2". This covers exactly what you're seeing... FIRE. No wind, hail, vandalism, theft, destruction, etc. FIRE is ALL. So many people do not realize you can get a landlord policy that will cover all the "non-coverage" points I have mentioned above AND add loss of rent. So if a person skips out on rent, you will have coverage to keep your income rolling in until you find a new/better renter for your property.
I would also advise you require & build an adequate renters insurance (HO-4)plan into the property ( that way you will know coverage is in force).
While adequate rental property insurance is your first line of defense, it should represent only one pillar of your overarching risk management strategy. Other ways to manage your risk include:
Manage your income property activity as a real estate LLC.
Eliminate hazardous conditions on the property as soon as you become aware of them (loose steps, loose hand rails, perpetually icy walkways, etc.).
Hire out any repairs that could result in injury if not done properly (repairing steps on a fire escape, electrical work, structural repair, etc.).
Do not let tenants make any substantial repairs for you.
Make sure contractors are licensed, bonded and insured (liability & workman's comp.).
Carefully conduct rental credit checks on tenants to reduce the chance that you'll get stuck with a bad apple.
Do not give tenants your home address – get a P.O. box.
But again, your first line of defense is to have good landlord insurance protection to cover yourself against extensive property damage and lawsuits.
I have worked with hundreds of landlords and insured even more properties. Call me at 1-855-GET-SELECT (438-7353). Let me put my experience to work for you. I will make sure you are PROPERLY insured.
And if you're looking for low cost landlord insurance, forget it! This is one area where you get what you pay for. Of course you can and should price shop, but your primary goal is to get the coverage you need to fully protect yourself, not to save pennies.
Things to watch out for...
Fire insurance or "HO-2". This covers exactly what you're seeing... FIRE. No wind, hail, vandalism, theft, destruction, etc. FIRE is ALL. So many people do not realize you can get a landlord policy that will cover all the "non-coverage" points I have mentioned above AND add loss of rent. So if a person skips out on rent, you will have coverage to keep your income rolling in until you find a new/better renter for your property.
I would also advise you require & build an adequate renters insurance (HO-4)plan into the property ( that way you will know coverage is in force).
While adequate rental property insurance is your first line of defense, it should represent only one pillar of your overarching risk management strategy. Other ways to manage your risk include:
Manage your income property activity as a real estate LLC.
Eliminate hazardous conditions on the property as soon as you become aware of them (loose steps, loose hand rails, perpetually icy walkways, etc.).
Hire out any repairs that could result in injury if not done properly (repairing steps on a fire escape, electrical work, structural repair, etc.).
Do not let tenants make any substantial repairs for you.
Make sure contractors are licensed, bonded and insured (liability & workman's comp.).
Carefully conduct rental credit checks on tenants to reduce the chance that you'll get stuck with a bad apple.
Do not give tenants your home address – get a P.O. box.
But again, your first line of defense is to have good landlord insurance protection to cover yourself against extensive property damage and lawsuits.
I have worked with hundreds of landlords and insured even more properties. Call me at 1-855-GET-SELECT (438-7353). Let me put my experience to work for you. I will make sure you are PROPERLY insured.
Independent Agent "broker" vs Captive agent.
Some people think it doesn't really matter where they buy their insurance. But this misconception could be costing them money, service and protection. Buying insurance isn't like buying bread or milk. Insurance is an important safety net for your family, your home, your car or your business. Don't treat the purchase lightly!
There is a difference in where you buy your protection. Many people don't realize there are three sources for insurance:
Captive agents, who can sell you the insurance of only one company.
Telephone representatives, who can offer you the insurance of one company and only on the telephone.
Independent insurance agents, who represent an average of eight insurance companies and research with these firms to find you the best combination of price, coverage and service.
Here are some important points about purchasing insurance from an independent insurance agent:
Unlike other agents, an independent insurance agent is not tied to one insurance company. You don’t need to change agencies as your insurance and service needs change.
An independent insurance agent treats you like a person, not a number. You can develop a personal relationship with your independent insurance agent. Can you do that with a voice on the phone? Your independent insurance agent has strong customer and community ties.
An independent insurance agent offers one-stop shopping. Dealing with a direct response company or a captive agent limits you to the plans available through only one company. An independent insurance agent offers many plans through many companies, giving the consumer the potential for the broadest range of coverage at a competitive price. One call puts you in touch with someone who can do the comparison shopping for you.
An independent insurance agent provides personalized claims service. When you purchase insurance from a direct response company or a captive agent, who is going to assist you in the event of a claim? Your independent insurance agent is there for you when you need help. Your agent can contact the insurance company and get the claim process rolling, help you fill out claim forms, advise you on the progress of your claim, and work closely with the insurance company to make sure you get a prompt and fair settlement of a valid claim.
There is a difference in where you buy your protection. Many people don't realize there are three sources for insurance:
Captive agents, who can sell you the insurance of only one company.
Telephone representatives, who can offer you the insurance of one company and only on the telephone.
Independent insurance agents, who represent an average of eight insurance companies and research with these firms to find you the best combination of price, coverage and service.
Here are some important points about purchasing insurance from an independent insurance agent:
Unlike other agents, an independent insurance agent is not tied to one insurance company. You don’t need to change agencies as your insurance and service needs change.
An independent insurance agent treats you like a person, not a number. You can develop a personal relationship with your independent insurance agent. Can you do that with a voice on the phone? Your independent insurance agent has strong customer and community ties.
An independent insurance agent offers one-stop shopping. Dealing with a direct response company or a captive agent limits you to the plans available through only one company. An independent insurance agent offers many plans through many companies, giving the consumer the potential for the broadest range of coverage at a competitive price. One call puts you in touch with someone who can do the comparison shopping for you.
An independent insurance agent provides personalized claims service. When you purchase insurance from a direct response company or a captive agent, who is going to assist you in the event of a claim? Your independent insurance agent is there for you when you need help. Your agent can contact the insurance company and get the claim process rolling, help you fill out claim forms, advise you on the progress of your claim, and work closely with the insurance company to make sure you get a prompt and fair settlement of a valid claim.
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