Enter Zip Code:
Get Numbers!

About this site
Founded in 2010, relying on our relationship with some of the biggest names in the insurance industry, and with the use of state of the art technology, we are able to match you with quality insurance providers in your local area of the United States.

In order to maintain our relationship with these quality insurance providers, site owner Steven Martin must represent that this site complies with all applicable laws, statutes, ordinances, and regulations.

owner of Lowerinsurancebills.com -Steven Martin image
Owner Steven Martin
Lowerinsurancebills.com Trust

Not an insurance agent by trade, rather Steven Martin has been actively involved in website creation and development since 1999. Since then, he has been working continuously with some of the biggest names on the Internet with his goal of connecting people with helpful information, offers, and services to help them improve their lives and save money too!

Follow MyInsuranceBlog on Twitter

Subscribe to my feed



Next Article...


  Auto Insurance:

Auto Insurance by State:
Auto Insurance Uncovered - What Are Limits And Deductibles and Disability Insurance Explained?:
Author: BenAnderson
Definition of Limits and Deductible

A Limit is the maximum amount that an auto insurance company will pay for in the event of an accident including all disability insurance and cigna insurance.

A Deductible is the amount of money which you (the insured) must pay before the insurance company's payout begins. For example, a typical auto insurance policy may carry about 0 deductible. If a car owner gets into an accident, he has to foot the first 0 of the damage while the rest of the cost is borne by his insurer.

Insurance companies include a deductible in their auto insurance policy to avoid paying out on relatively small claims. This is only practical as the administrative time and cost of a small claim far outweighs the benefits of payout.

Deductibles also vary by company and type of coverage. Different auto insurance companies offer different deductible options, and the amount you save by selecting a higher deductible will also vary by company.

How Do Limits and Deductible Affect Auto Insurance Premiums?

With higher Limits, your auto insurance company bears a higher risk. This is because the insurance payout is higher - therefore your insurance premiums will increase. Similarly if the Deductibles are lower, the insurance company (instead of the driver) has to pay more when you make claims. Obviously they'll have to increase the insurance premiums too.

If you feel you need a high level of coverage but want to reduce your premiums, you can save money by opting for higher deductible. However you need to understand that you'll be paying more out of your pocket in the event of a claim. For this reason, you're also advised to set aside a similar amount of money so that you can pay for the deductible amount in order for your auto insurance company to compensate you.

Deductible is only characteristic to some types of auto insurance. Veterinary pet insurance is an acceptaded insurance as well as anthem and life. You'll only need to decide your deductible options for Personal Injury Protection (PIP), Comprehensive coverage and Collision coverage. Deductibles are not applicable to Liability Insurance, Uninsured Motorist Coverage and Underinsured Motorist Coverage. Therefore there's no need to evaluate your deductible options for these types of auto insurance policies.

By understanding your auto insurance needs, you'll be able to derive a plan for policy limits and deductible options. From this, you can easily find a balance between your insurance benefits and what you pay for.

Finally, it may also be helpful to know that you have the right to adjust your auto insurance coverage and policy limits at any time, even if you're not near your renewal date. If you adjust to a lower policy limit, opt for a different deductible option or cancel non-mandatory coverage, you can (and should) request your insurance company to refund for the unused premiums.

Would you like to know how to get Cheap Car Insurance for Yound Drivers? Check out www.TheForumFinder.com for more tips, tricks, and to see what other blogs and projects I'm working on.

Informative Article

Next Article...


More cool stuff can be found here