 Why does health insurance cost so much? |
| Just wondering why the cost of healthcare is so high and why it continues to rise year after ... |
|
 Insurance question, this sounds a bit dodgy.....? |
| if a claim on car insurance is for £5,400.00 which is the value owed to the finance company, but the value according to insurance company is £5,000, can they ask for the £400 to be paid to them ... |
|
 Does Blue Cross & Blue Shield Massachusetts cover an abortion? |
| I read recently that one woman had to deal with BC&BS telling her that her miscarriage was an "elective abortion," and therefore not included in coverage. This worries me. Would that ... |
|
 Will insurance cover an accidental rifle shooting with in my truck? |
| I accidentally shot through my back door of my extended cab damaging my leather seat and door panel. The bullet did not come through, so there is an indentation on the outside of my door; a little ... |
|
 Is health insurance really worth the money? |
| I haven't been to the doctor's office in over eight years because I'm in such good health. Is it really worth spending $55 every pay period for something that I've never used? I... |
|
 How can you find out which insurance company your car is insured with? |
| My daughter got stopped by the police today and has to produce her documents. She has insurance but cant remember who it is with and cannot find the policy. Does anyone know how she can find out. She ... |
|
 How does my 21 year old son get health insurance? |
| My 21 year old dropped out of college and is trying to get back in part time. Would my employer cover his health? How else can he get himself covered? What types of costs are we looking at?... |
|
 How much does house, auto insurance cost from allstate? |
| i'm doing the "marriage" project in health and i need to know how much insurance cost and utilities ... |
|
 I have ownership to a insurance policy my Mom left my Dad wants me to sign it over to him do I have ro? |
| My Mom passed away a few months ago and my father already remarried. I recieved a letter from my dad asking me to sign ownership of a life insurance policy my Mom had to him. If I don't he said ... |
|
 Is there a insuance company that i can get some life insurance on my father who has preexisting conditon? |
| my father is 75 and has no life insurance. is there a way i can get insurance on him now with high blood pressure, diabeties,depression but no suicidal tendacies?... |
|
 I was burgled, will my home insuance give me the items back or will i get it in money? |
I was burgled, will my home insuance give me the items back or will i get it in money?
yea thanks, we was burgled yesterday, just wanted to know if anyone knew how i would get my items ... |
|
| Should my husband put me on his health insurance? |
| My hubby took me off of his policy last year and I've been without this whole year. Thank the universe nothing too serious happened to me that I couldn't take care of either myself or with ... |
|
 Why is it that a person without health insurance has to pay full price for a doctor's visit...? |
... but when someone with heath insurance visits the doctor, there is a discount on the cost when it is covered by the insurance?
I had gone for a year without health insurance, and I had ... |
|
 How Benefical is life insurance for children? |
| Is it better to invest in bonds or start a savings acct ?... |
|
|  |
♥Lucky♥ | Does car insurance go down after you pay the car off? |
Additional Details
I bought it used, it's a 2000, blue book value is about $6K
What do you think?
|
 |
 
IOWA HAWKEYES
 |
NO!! It goes by your age,driving record and vehicle type. It gets lower at age 24 with a good driving record. depending on car type (sports cars and SUV--High$) (Old car -10 years and trucks-- Cheap$) Also depends on if you get full coverage or not. |
|
fortitudinousskeptic
 |
Not usually automatically. You're no less risky of a driver. Although, in the process, you've aged and that might make your rates go down.
What you can do once it's paid off, however, is go off of full coverage, which you have to have on the car when it's on a loan. Once you've paid off the loan, you own the car so if you want to drop down to liability only coverage, you can do and that's much cheaper. That's what I do. However, that's risky. If you just paid off your car and it's still pretty valuable and you then wreck it, you just ate that loss. You're still insured for the damage you do to others, but you'll eat your own losses. |
|
J F
|
No, but you can drop full coverage and just go with liability. This isn't a good thing to do if your car is worth anything. |
|
nurse ratchet
|
The cost of insurance has nothing to do with whether you owe on the vehicle or not. What matters is now you can delete the comprehensive and collision insurance because you don't have to insure the car to guarantee the loan.
It will save you quite a bit to take it off, but remember that if there is physical damage to your car, you have no coverage. The only way it would be covered is if it is damaged due to the negligence of someone else and they have to pay for the damages. |
|
cjraceli
 |
It really depends on the carrier. The only thing you might want to look at to lower the cost is the level of collision coverage you have. Many banks require very low deductibles. If your the type of person that does not drive much and does not have an accident every few years then you might want to consider changeing your deductible. I have seen some carriers drop the premium as much as 250 a year by going from a 250 deductible that some banks require to 500 or from 500 to 1000. If you figure out how many accidents you have had in the last 10 years and then figure out how many were your fault you might want to gamble with higher deductibles. You will save if you take the gamble rather then the insurance company. If your displined in savings you could raise the deductible to say $5000, take the money saved on insurance and put into a special high interest savings account. That way if something did happen you would have the money to fix it. If you have no accidents the money is still there in your account and not the insurance companies. This is plan works real well if you have many cars in the family. In 5 years you would be surprised how much money you will have in that account. Some cases enough to buy a new car for cash and have money left over. |
|
latovat
|
yes because you won't need full coverage anymore |
|
margarita
|
Only if you change the coverage from full to PLPD. Talk to your agent. |
|
zippythejessi
|
If you're asking if it automatically goes down - if it does, it's not much. If you drop the collision coverage and just keep liability, it's a bigger reduction. |
|
Tusia
|
No |
|
shymamabair
 |
It can, but it depends on your age, your state, and the type of coverage you have. Now that there isn't a lien on the car, you could change the type of coverage you have that will enable the premium to drop. |
|
jimobasa
 |
In an insurance context, it is usually irrelevant whether the car is paid off or not. In UK it is not something that is asked when you fill out the application for the policy |
|
mbrcatz
|
No, it goes down as it ages, or as you delete coverage.
There's no charge for the "leinholder" endorsement on an auto policy, so paying off the car (which means, deleting the leinholder) in itself won't make any difference at all. |
|
*Bri*
|
Yes, at least here in Florida it does. |
|
bella
 |
Well you can reduce your coverage to liability. |
|
Angel girl
|
No car insurance does not go down after you pay off the car. Here is were the misconception is....after you pay the car off you are no longer required to carry comprehensive and collision coverage by the lienholder.
So if you are ok with being responsible for the repairs or replacement of your car if it is in an accident then you are ok to drop those two coverages and your rate will go down ALOT. Keep in mind you will have no coverage for your car though, the only way it would be covered for repairs is if someone hits you and it is an at fault accid for them and not at fault for you.....their insurance will pay as long as they have insurance....if they don't you are outta luck. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 34 minutes(s) ago
| | | |
14 | 46 minutes(s) ago
| | | |
14 | 1 hour(s) ago
| | | |
14 | 6 hour(s) ago
| | | |
14 | 7 hour(s) ago
| | | |
14 | 9 hour(s) ago
| | | |
14 | 10 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 1 day(s) ago
| | | |
14 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
