1) Most life insurance agents are interested in doing what is the best for them and not their clients. So when they get paid about 10 times more when they sell you whole life insurance policy than term life insurance policy, why would any agent tell you about your term life insurance options. Unless the client brings it up in a conversation, there is absolutely no chance that anyone who is looking out for their own interest tell you something that would not be beneficial to them.

2) Most term life insurance companies are stand alone companies, meaning they only concentrate on selling term life insurance and not much else. Therefore they are not part of a big conglomerate like New York Life or MetLife who not only sell life insurance but offers a lot more services like estate planning and other advisory services. And most of life insurance agents are part of big life insurance companies, so they have no incentive to do comparison search for you to find the cheapest term life insurance quotes from outside companies.

As previously noted, term life insurance premiums tend to be about 1/10th that of whole life insurance policies. The reason for this is because term life insurance does not have the savings feature found on whole life insurance. When you pay premiums for your whole life insurance, life insurance companies take this and invest them according to their company policies and are required by law to give back some portion of it in the form of dividends. So in essence you are getting back some of the premiums you pay but not all of it. If you have purchased term life insurance, you do not get back any of the premiums at all.

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It’s quick and easy to get a free auto insurance quote online. The online policy applications is available 24/7, so you can get a quote when it’s convenient for you. Most insurance quotes from top companies such as Geico, Progressive and Nationwide take about 5 minutes and could save you 15% or more on an auto insurance policy! We offer you the most convenient way to find the lowest car insurance rates. There are numerous factors that affect your car insurance premiums and it is determined through a combination of these risk factors, some of which affect your premium more than others. Your insurance premiums also depends upon how you drive your car and the city you live in. Start a free auto insurance rate above and save hundreds today! ]]> http://www.nyinsurance.com/cheapest-car-insurance/feed/ http://www.nyinsurance.com/new-york-car-insurance/ http://www.nyinsurance.com/new-york-car-insurance/#comments Thu, 14 May 2009 10:40:13 +0000 admin http://www.nyinsurance.com/?p=385 New York Car Insurance is not only required, but also has become a necessity for all of us. In the United States, you may wind up in trouble in the event of an accident if you do not have required insurance coverage.

Insurance Requirements for New York Car Insurance are as follows:

As per the New York state law, in the event of an accident, you need to pay a minimum of $25,000 per injured person up to a total of $50,000. This is the minimum Bodily Injury Liability (BIL) limit in New York state which you may have to pay, that too for each occurred accident. Besides this, the minimum Property Damage Liability (PDL) limit is set at $10,000.

These are the basic amounts you have to cover in case of an accident and this basic coverage is often called the 25-50-10 insurance coverage.

In brief, Coverage limits for New York Car Insurance are as follows:

BIL (Bodily Injury Liability) : $25,000/$50,000

PDL(Property Damage Liability) : $10,000

Under insured/Uninsured Motorist BIL : $25,000/$50,000

Personal Injury Protection (PIP) : $50,000

A No-Fault system is followed in the state of New York. It means that your Insurance company will have to pay for all your injury costs (as claimed) up to a certain limit. It will not matter whether you are at fault or not. The insurance company will have to pay in any case.

This system has its disadvantages as well. If you are not delinquent, then under this system you lose your rights to sue the other party.

The PIP in your new york car insurance helps to pay for yours as well as your passengers Medical Expenses up to a certain limit. Hence it is recommended to include PIP in your car insurance policy.

The New York state law takes care of this and requires a minimum PIP coverage of 50,000 dollars.

Now, let NYinsurance.com do the work for you.

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Just enter your zip code above, and we’ll refer you top New York car insurance companies who wants to get Cheap Car Insurance in NY.

Make, model  and year of your automobile plays a significant role when you are looking for cheap new york car insurance. It is impossible to get cheap auto insurance rates in NY if you drive a sports or luxury car.  So your best bet is to get a four door family sedan with lots of safety features.

New York car insurance rates are dependent on how many miles you drive per year.  If you drive high number of miles in a given year, expect to get high new york car insurance rates because you have a higher chance of getting involved in an accident.

Another important factor to reduce New York Car Insurance rates is where you live.  Neighborhoods with low crime rates tend to have low NY insurance premiums because your automobile would be safe from damage, theft and vandalism. If your automobile will be parked in a private or garage parking instead of street parking, you will also greatly reduce your NY insurance rates.

In order to get lowest quotes is to compare auto insurance quotes from top auto insurance companies directly. But this can be very time consuming as there are so many cheap auto insurance companies in the United States. Some of the biggest auto insurance companies are GEICO, Progresive, Allstate,  and Liberty Mutual.

One of the criterias to get cheap car insurance in NY is to make sure you have good driving record. That means no speeding tickets or any other moving violations. Other important thing is to install anti theft devices. This will reduce the chance of having our cars be stolen, so the auto insurance companies will provide us cheaper auto insurance quotes than if we did not having this anti theft devices installed. The type of car also depends greatly on getting cheap auto insurance quotes online. For instance, sports cars such as corvettes and mustangs tends to be much more expensive than camry’s and accords because people who drive sportscars have much higher chance of accidents than owners of camrys and accords because sports car owners really drive their cars very fast for the most part.

Geting  Free Auto Insurance Quotes is fun and easy. Most auto insurance companies have websites where you can easily get free auto insurance quotes day or night.

Sometimes, people think that you are covered because you mailed in your auto insurance payment but that may not be the case because receipt of your payment by the insurance company does not necessarily mean reinstatement of your auto insurance policy.

As the New York economy fell into a major recession along with the rest of the world, the number of auto insurance fraud incidents in New York has risen dramatically, costing drivers millions of dollars each year in excess auto insurance premiums. And according to The Coalition Against Insurance Fraud, the number of people that believe committing an auto insurance fraud is an acceptable practice is also on the rise.

The statistics are overwhelming: Car give-ups - abandoning a car and reporting it stolen - rose by almost 33 percent in 2008 in New York, according to the state’s fraud bureau.

Insurance fraud normally increases in a troubled economy. The credit crunch, subprime meltdown, higher gas prices and general economic problems have led more drivers to seek a bailout through insurance money,” said Dennis Jay, executive director of the Coalition Against Insurance Fraud. “They’re literally being driven to desperation.” NY insurance rates were on the rise last couple of years, but due to increase in fraud, experts expect that New York Car Insurance rates will continue to increase for at least a year more.