4 Expert Tips for Finding the Cheapest Insurance for You

Published on: 03 November 2018 Last Updated on: 24 February 2020

Insurance is an essential part of ownership, whether it’s for a home, a car, or even personal belongings. With so many potential unexpected situations that can arise, it is smart to be proactive and to purchase insurance. It can protect you and your belongings from any outstanding and expensive damages.

However, when it comes to monthly payments, it’s natural to want to pay as little as possible while still maintaining a decent amount of coverage. By taking the right steps beforehand, you can find an insurance provider that will properly assess your property for the right cost.

Here are 4 tips for finding the cheapest insurance for you:

1. Do Your Research:

This seems like a given, but with so many options to choose from it can be dauntingto narrow down which company is the best match for you. A simple Google search can give you most of the answers you’re looking for, as well as the company websites.

However, when it comes to cutting costs, it is best to specifically research car insurance without a down payment. Initial fees can be incurred at high rates, and many car companies do not require such things. Places like Geico and other insurance companies will allow you to find the exact right price range that still fits within your budget. You can also read reviews and testimonials to gauge their reputability from customers.

2. Request Free Quotes:

After you have researched enough to narrow down your choices to a smaller list of insurance companies, it’s time to ask for a free quote on your current home and/or vehicle. The insurer will ask standard questions related to your property as well as your background. They can oftentimes get back to you within the day.

Since quotes are typically free, it does no harm to request them. This way you can be a given a specific number for your particular situation and needs, rather than a range or average number. Once you have been given your quote, you can compare the numbers of the companies you are deciding between and what they are able to offer you in the way of services.

3. Make a List:

Many insurance providers are also able to provide additional insurance such as renter’s insurance combined with a vehicle. By conglomerating multiple insurances, you are able to alleviate the stress of juggling multiple payments per month and simplify it to only one.

In addition to this, insurance companies often have a wide range of coverage that is designed to accommodate a wide variety of people in different financial places. By making a list of your absolute essential needs, you are more prepared when speaking to a representative about what they can offer you and at what price. Keep in mind that with most companies, you have the ability to change, add, or remove any additional coverage at any time.

4. Ask Around:

Talk to your family and peers about their experiences with their different providers. You may hear the same company names come up, but oftentimes there is a reason those companies reach so many and have such a well-known reputation. Make no mistake, word of mouth is still a worthy resource to pursue, even in the digital age.

In Conclusion:

While it can be a pain and seem unnecessary at times, insurance is a crucial part of owning property and protecting your legal rights. Insurance companies are there to provide support and answers during stressful moments. If you are able to find the right plan for your financial situation, it will be worth it in the end.

By doing an apt amount of research, making a list of your requirements and budget, and speaking directly with insurance companies about your needs and concerns, you have the tools to find the cheapest insurance while still protecting your property in the event of an accident.

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5 Credit Card Perks that are Noteworthy

The use of credit cards has tremendously increased in recent years. Apart from providing credit usage to its customers, a credit card is a must to have possession in the financial market due to the ever-increasing prices. Besides providing creditworthiness to your financial profile, it comes with lots of additional perks. If you already have availed a credit card, or on the verge of getting one, it is important to have an understanding of all the benefits that it offers. A credit card can be considered as the most beneficial tool only when you have the capability to pay off the dues. Now make your every purchase through Standard Chartered credit card types that would provide you with better savings. And as you get aware of the key benefits of using credit cards, just pave your way towards making the best use out of it. Most noteworthy benefits of credit cards: Credit card perks drive the users to make significant use of their credit cards in order to maintain a good credit score that would yield a better credit history of the cardholder thus increasing his creditworthiness in the financial market. Also, a credit card can be great assistance to your overall travelling expenses, including stay, food and luggage management. Credit card perks are the benefits obtained by its users using its key features effectively. In order to procure the credit card perks, one must be confined to its terms of usage. A credit card offers a requisite margin of perks to its users. Some of them are as below: 5 Credit Card Perks that are Noteworthy: 1. Interest-free credit: Generally, a specific rate of interest is involved in the credit value of your card. The more the credit value, the higher, is the rate of interest. Thus the interest rates depend on the price of credit. Certain credit cards offer the benefit of availing interest-free credit on the creditworthiness of the users. This implies that the user can enjoy the use of interest-free credit without paying the extra charge in the form of interest on availing whatsoever credit amount for his use. 2. No-cost EMI: This facility enables the user to purchase goods of his choice without the need for paying interest on EMIs. Thus credit card perk offers an undisputed advantage of availing goods on credit without incurring the extra charges on it. Usually, the rate of interest depends upon the price of the goods procured on credit. Thus credit card perks work well towards removing such inconveniences on the purchase based on price, by enabling the users to buy goods irrespective of the price on no-cost EMI. 3. Reward programs: One of the significant perks of credit cards is the application of reward programs on credit cards. Rewards on credit cards work wonder on building credit scores. Reward programs mainly consist of the facility of cashback and other perks as per the type of credit card. It provides its users with the opportunity to earn in thousands through reward points or to spend lavishly using those points. Amongst which the benefit of cashback on credit card is the key highlight of the reward program, which provides an opportunity to make double purchases of the same amount using a single reward point. 4. Fraud protection: Credit card perks act as a shield against various fraudulent incidents that may come across the way of its holders by providing insurance coverage for the loss or damage of the product purchased by using it. Hence providing a carefree usage of the commodity, the credit card perks work efficiently in covering the various losses incurred by the cardholder on the purchases made by using it. This ensures the user a risk-free usage of the credit card by eliminating the fear of risks that may arise in the near future. 5. Warranty extension: The credit card provides the benefit of extending the warranty period of the respective purchases made through it. You can easily extend your warranty period of the goods by making a purchase by the credit card. This may render a free service of your purchases for an extended period in addition to the existing one, thereby eradicating the future expense that may incur on the grounds of malfunctions. So users are free to make purchases enjoying an extended warranty period, thus removing the extra cost involved in repairing or service of the purchased goods. The above-mentioned credit card perks are most suitable for frequent users and those who maintain a regular balance. In order to avail of the above benefits using the credit card, the cardholder must make sure to make regular payments of his monthly dues effectively. Otherwise, it would negatively affect your credit scores. You can make effective use of the credit cards by renewing the credit rewards based on your purchasing scale. The more you use your credit scores, the better the facility it would provide you with. Read Also: 7 TIPS TO REDUCE CREDIT CARD BILLS Credit Card Fraud The Holiday Season: Things To Consider For Next Year Revolving Debt Vs Installment Debt – Which Impacts Your Credit Score The Most?

5 Must-Have Long-Term Goals for A Secure Future

Most of us would agree that it’s vital to set goals and make plans to achieve them. People do it all the time. For instance: Goal: ‘Lose 5kg’ Plan: ‘Eat less and exercise more’ But financial goals, which are the life-changing goals of all, are often put on the back burner. Retiring early, setting up a business, or building an investment portfolio worth millions can all seem a bit too hard. You should prepare long-term goals that can help you to achieve your objectives. However, it's not! With a bit of understanding and help, financial goals can be set, plans can be put into place, and the desired nest egg can be achieved. Here are a few long-term goals worth setting: 1. Having an Emergency Fund for The Rainy Days : Life can bring economic uncertainty to many, and even for the financially secure, life happens, in the form of domestic catastrophes, medical bills, and other unplanned expenses. Therefore, it’s vital to have an emergency fund that can offer peace of mind and financial relief in such untoward situations. As a general rule, it’s good to have an emergency fund that would cover three to six months of your living expenses. So, calculate and know how much you need and set aside a certain amount from your paycheck every month. Over the years, this fund will grow, which you can use in case of an unexpected event, or when you are in financial strain. 2. Ditching Debts and Dues for Good : Being in debt can be a stressful experience for anyone, and no matter what your circumstance is, if you have a loan, you are obligated to pay it back. Even if you have life-altering experiences like getting into an accident, losing your job, or increased expenses due to having a child. Hence, repaying the outstanding debt and clearing of all dues is important, especially to know where you stand with respect to money matters. A simple way to clear your debts is to develop a budget that tracks your income and expenses. This will help know whether you have money left over, called the surplus. The goal is to increase the surplus and use it to pay down your debt. 3. Building Your Retirement Fund : Although retirement may feel like a million years away, it doesn’t matter - now is the time to plan for your retirement. Investing and saving is a critical part of leading a financially independent life post-retirement. The good news is, investing even a small amount each month will pay off later in life. Along these lines, decide what you will need during your golden years - expenses like healthcare, household costs, and additional leisure expenses. Once you know your needs, find a suitable retirement plan which can cater to those. Put simply, save, invest, and ensure yourself as a fallback option for your future. 4. Funding Your Child’s Higher Education : Your child’s dreams can become a reality when you support him or her, emotionally and financially. Quality education should be on your and your child’s wish list. Setting up an investment plan that can help with the higher education of your child is a good idea. To do so, find a reliable child education plan that can help you create a substantial corpus for your child’s education and future needs. 5. Expanding Assets for Your Family : Other than making arrangements for expenses, it is essential to create a secure base of wealth for your loved ones so that you can support them and maintain the lifestyle you have now. Investment in unit-linked insurance plans (ULIPs)is a good way to achieve financial growth as well as protect your family’s future in your absence. ULIPs enable you to make significant returns with a relatively low investment every month, while also offering insurance protection to you. Other benefits of unit-linked insurance plans are: Flexibility to choose your fund option- equity, debt or balanced Encourages goal-based saving for child education, retirement etc. The top-up facility gives the flexibility to change your premium amount You can opt for riders like Critical Illness and Accidental Death benefit You get ULIP tax benefits under Section 80C and Section 80D It’s never too late to get started. Pick one or all the financial goals listed above and start setting yourself up for your secure future. Read Also : Getting Your Personal Finances In Order With A Proper Budget Strategy These Small Changes Will Change Your Finances For The Better

What Is NFT Art And How Does It Work

At its core, an NFT (Non-Fungible Token) is a digital asset that represents ownership or proof of authenticity of a unique item or piece of content, often an artwork, using blockchain technology. Unlike cryptocurrencies such as Bitcoin, NFTs are not interchangeable; each NFT has a distinct digital signature, making it unique and non-fungible. NFT art refers to digital artworks bought, sold, and traded as NFTs. These can range from digital paintings, animations, music, videos, and more. The art is usually digital, but the NFTs can also represent ownership of physical artwork. How Does NFT Art Work? Creation and Minting: Artists create digital art and then "mint" these works as NFTs on various platforms or blockchains like Ethereum. Minting involves creating a new block, validating information, and recording the art as a transaction in the blockchain. Ownership and Authenticity: Once minted, the NFT's metadata (including the artist's signature, the artwork's details, and ownership history) is securely stored in the blockchain. This ensures the authenticity and provenance of the artwork, making it easy to verify its originality and ownership. Buying and Selling: NFT art can be purchased on numerous online marketplaces. Transactions are usually made using cryptocurrencies. When an NFT is bought, the ownership is transferred to the buyer, and this transaction is recorded on the blockchain, providing a permanent record of the sale. Royalties: One of the revolutionary aspects of NFTs is the ability for artists to receive royalties automatically. Artists can program in a royalty system to receive a percentage of sales whenever their art is sold to a new owner. Benefits of NFT Art Provenance and Authenticity: NFTs provide a secure and transparent way to prove the authenticity and ownership of artwork. Global Market Access: Artists can reach a global audience, and buyers can purchase from anywhere. Royalties: Artists can benefit financially from secondary sales of their work. Innovative Art Forms: NFTs have encouraged new digital art and creativity forms. Criticisms and Challenges Environmental Concerns: The energy consumption of blockchain technology and NFT transactions has raised environmental concerns. Market Volatility: The NFT market can be volatile, with prices fluctuating dramatically. Copyright and Plagiarism Issues: There have been instances of art being tokenized without the creator's permission. Future of NFT Art The world of NFT art is still in its infancy, and its potential is vast. As technology evolves and more artists and collectors embrace NFTs, we may see new forms of art, innovative uses, and solutions to current challenges. Despite the controversies and growing pains, NFT art is paving the way for a new digital creativity and ownership era. NFT art represents a significant shift in how we perceive and handle digital ownership and art. By leveraging blockchain technology, NFTs provide a secure and transparent method to buy, sell, and collect digital art. While there are challenges to address, the NFT space's potential for growth and innovation is immense, making it an exciting frontier in the art world. As with any emerging technology, artists, collectors, and enthusiasts need to stay informed and engaged with the evolving landscape of NFT art. Read Also: How The NFT Market Is Developing In 2021 Is there a Place for Bitcoin in the Fashion World? Creating Successful Mobile Games: What You Need to Know

4 Expert Tips for Finding the Cheapest Insurance for You

1. Do Your Research:

2. Request Free Quotes:

3. Make a List:

4. Ask Around:

In Conclusion:

3 Must Know Accounting Tips To Help You Finance Correctly

How Intranet Services Can Make Your Financial Institution More Effective

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

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Related

5 Credit Card Perks that are Noteworthy

5 Must-Have Long-Term Goals for A Secure Future

What Is NFT Art And How Does It Work

4 Expert Tips for Finding the Cheapest Insurance for You

1. Do Your Research:

2. Request Free Quotes:

3. Make a List:

4. Ask Around:

In Conclusion:

Share this Article

3 Must Know Accounting Tips To Help You Finance Correctly

How Intranet Services Can Make Your Financial Institution More Effective

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related