The phrase cheap car insurance might be an oxymoron however if you are young driver it’s actually fairly impossible to find. As the insurance companies are quick to tell you this is mainly because young drivers are more likely to file claims. Additionally, the claims filed by young drivers are more costly than the claims filed by older drivers. Insurance companies have tons of statistics to back up the rates that they must charge young drivers.

So if you’re shopping for cheap car insurance for young drivers it’s possible that you’re aware of a couple things that might improve your rates. The most obvious thing would be to purchase a vehicle that is not a sports car. Young drivers and sports cars equals bad combination. Therefore, an economy car should be the kind of car you’re looking for. Alternatively, you could consider buying an older model four-door family station wagon. That kind of car would also have a much more affordable insurance rate.

Buying a less expensive car is also going to keep your insurance rates lower. In the event that your car is completely totaled in an accident, your insurance company will have to pay out less for your cheap car than if you had an expensive model. Ergo, a cheap car equals cheaper insurance. Hopefully this is actually a choice for you to buy a cheaper car. Most young drivers are forced to buy a cheaper car because that’s all they can afford. May you be one of the fortunate few who buys a cheap car because it’s more economical!

Other ways to get your insurance rates reduced are to have your car fitted with an anti-theft device: something that can actually keep it from getting ripped off or that can assist the police in recovering at in the event that it does get stolen. Additionally, if you live at home with your parents, see if you can use their cars and just be insured as an additional driver. This can save a lot of money over the next several years while you gain experience.

The author, Ted Wolk, has over 30 years experience in the life and health insurance industry, looks at the National Health Care Bill and shares his thoughts on the core problems related to this Issue. PART 4

Business sense and common sense needs to prevail.

(Basic common sense class 101=.Refer back to economics 101)

You cannot be taxing the medical suppliers and raising taxes on insurance companies (as indicated in this Bill) and having another layer of government agencies involved and expect the insurance premiums to go down. Even the simplest mind has to realize that those costs will have to be passed through to the consumer. (Of course, our elected leaders never attended Economics 101) Their operating economic policies are called (Economics deep pockets 101), meaning they can just continue to tax the people to make something work. No scientific data needed here.

Another big bucket of our money for the Washington Boys to play with

But here is the really big concern. If this health bill passes, all we have done is give the thieves in Washington another bucket of money to play with and they will use to meet deficits and then tell us they need to raise taxes again. Just like social security and Medicare, they used those funds till they broke the bank and now they have no way to pay that back. And they now want to add another entitlement program. Are we going to really let them do this to us at such a critical time in our economy? They have never run any of those programs in a business-like manner. Why, because we just let them keep taxing us, taxing us and taxing us, because they know they can get into the taxpayers deep pockets by just raising taxes. What part of the word stupid don’t we understand?

To quote Margret Thatcher “socialism is a great idea till you run out of other people’s money.

Well guess what, this is really what is happening today. We are screwing our next generation big time. The government is already printing bogus money, borrowing billions from China, (Our Leaders have given already China a first mortgage on our country’s assets last year.)

They are now looking to create another tax bucket, as well as creating new ways to tax the free enterprise community, etc.  Why, because they cannot make due by taxing the entire working force. So they move to the next level and then the next level and so on. They can’t get enough money from the entire working population, so let’s tax, the rich, let’s tax the business community, and let’s penalize those who won’t play our health care game, and so on.

The way for real change

Yes there needs to be changes in the health care system. But how we are approaching it is the absolute wrong way. Our culture towards the health care delivery system must change. We need to streamline health care in our society. The insured’s, the doctors, hospitals, lawyers and insurance companies need to sit down and come together and start taking accountability for the problems that each segment is creating. If not, this national health bill concept will tax us to levels beyond our imagination.

Remember, there is only 100 cents in a dollar.

Our Country, our morality, our integrity, our freedom, our American way is being given away piece by piece, day by day and these politicians cannot see it, because they live in their world and not ours. Please speak up and write or E-mail this article or any parts of it to your senators and congress people if you agree with any of this.

We need some other people to chime in on what they think. Let us know your thoughts.

Thanks…Ted

See Part 1 on the National Health Care Bill

The author, Ted Wolk, has over 30 years experience in the life and health insurance industry, looks at the National Health Care Bill and shares his thoughts on the core problems related to this Issue. PART 3

We are not identifying the real problems facing our health care.

These so called politicians are just that, and they have no business sense or economics sense. They are on a feeding frenzy like a pack of sharks. They are selling us hype. They are all dealing under the mob mentality syndrome. (If you don’t know how that works. Please look it up on the internet) and they are now wanting to add another bucket of money to their coffers and drag us, the taxpayers into it.

Why do we have a bill that is over 2100 pages in length? Because you have over 400 politicians writing a bill, and they have to all protect their own interests instead of the interests of all the American citizens. Otherwise it would probably be limited to 10 percent of those pages.

As usual our government leaders are dealing in a reactive way rather than a proactive way. Think about it, they are attacking the problem from the wrong direction. They are treating the problems rather than fixing the problems. Just like someone having to clean water out of their basement every time it rains, rather than fixing the crack in basement wall. The problems need to be fixed first.

And herein lays the problem, no one wants to be accountable and attack or control the real core problems. No one is even discussing how we remove or control all the issues that are creating the higher costs. If we could make them more manageable and control them, then insurance companies could probably offer more lucrative coverage, which would result in the spreading of the risk, (more people owning and paying) which would then result in more people affording it. The National health Bill is trying to somewhat do this, but they are approaching it from the wrong direction. Their concept and approach only adds more fuel to the fire.

Some more problems

It is a known fact that certain doctors continue to have and refer patients for unneeded tests and procedures. Who is suppose to slap their hands and say stop that. And how many specialty clinics do we really need to have?  These just continue to drive up doctor’s overhead and operating costs.

Hospitals and doctors’ offices can sometimes over bill or double bill patients. Who watch’s out for the patient? Who audits the bill? When they send the patients bills to the insurance companies, the patient don’t care what’s on that bill as long as it is paid. Who takes ownership of these problems?

Additionally, each and every doctor sends out their own bill and there is no uniformity. Because of this, unless the patient is a CPA, they cannot figure those bills out. (Been there, done that. it’s a nightmare)

Malpractice need to be brought under control. There needs to be a common sense approach to this issue. Should someone age 50 who is earning $40,000 a year be given a $12,000,000 (million dollars) settlement, when they may only have the ability to earn another $700,000 in their life time?  Maybe they should be given $2,000,000 and have all associated medical costs taken care of during their life time. If insurance companies had a cap on malpractice they could start dealing with a known factor vs. an unknown factor and that would help reduce rates.

These and other unknown factors are a serious problem.

When you start to add or include additional unknown factors into the health insurance premium equation (such as pre-existing conditions, fraud, unethical claims, malpractice lawsuits) then the health insurance companies must deal with these unknown factors. We cannot continue to have these ongoing core problems persist and think National Health care will solve them.

Remember economics 101.  You need to accept the reality that there is only 100 cents in a dollar.

As an analogy…Let’s say you fill your gas tank in Rapid City, knowing you can drive from Rapid City to Sioux Falls on Interstate 90, based on the exact mileage of 329 miles. But let’s say, along the way, you run into a detour and you have to go off the interstate and travel down to Nebraska to get to Sioux Falls, then this unknown factor you had to deal with is going to require you put more gas in your tank to get there. Then you run into a ditch and have to get towed out. So because you had to deal with all these unknown factors that you had no control over, it costs you more money, so the price to get there goes up.  This is same problem Insurance Company’s face.  Unknown factors (“There is only 100 cents in the dollar.”)

See Part 4 on the National Health Care Bill

See Part 1 on the National Health Care Bill

The author, Ted Wolk, has over 30 years experience in the life and health insurance industry, looks at the National Health Care Bill and shares his thoughts on the core problems related to this Issue. PART 2

So who is really at fault for higher premiums?

Is it really the health insurance company’s fault that premiums have gone sky high?

Let’s look at the real business world and not the fantasy world. Health Insurance premiums rates are based on claims and morbidity rates, in other words, hard undisputed realistic data. Life insurance companies use mortality tables and health insurance companies use morbidity tables. These are very accurate actuarial tables, actuarial tables that are built on proven and scientific data.

However, when you continue to throw in unknown variables such as increasing malpractice claims, fraud, illegal claims, double billing, etc., it throws everything out of whack, so unless these issues are brought under control, how will you ever be able to lower or get health insurance costs under control? You never will.

What do insurance companies really do?

Insurance companies only pay claims that are submitted to them by the clients, patients and the doctors and hospitals. They have no control of these claims. Let me say that once more. Insurance companies only pay claims.

What do I mean by no control?

As an example, they have no control of all the malpractice claims that they must pay. They have to pay out all the large malpractice claims that are allowed under our current laws. Insurance Companies have no control of these claims or the amounts, or when they will have to be paid.

And because they have to dish out money for malpractice claims, they have to raise the rates for doctor’s malpractice insurance and guess what, the doctors then pass these increases along to you. It adds to their overhead and expenses. This then results in a pass through expense to your health insurance company, thereby raising your premiums. (Remember 100 cents in a dollar)

So in reality, both of these factions, (insurance companies) and (doctors/hospitals) are in a catch 22 situation – no win situation.

So again, I ask, how does it become the insurance companies fault if they have to raise rates to make ends meet at the end of every year, when they have no control of issues like this?

Who gets the Bad press for trying to keep insurance premiums down?

Insurance companies that want to keep the costs down always  end up getting bad press when they will pay only so much for certain procedures. Why? Because those payments are based on actuarial tables or on sound business principles.  No one ever seems to jump on the hospitals and doctors. It is always the insurance companies fault. Why is that? Because most people don’t know what type of coverage they really have till they are in the hospital. (Note: It would b nice if insurance companies could get rid of all that small print, but that won’t happen till all these lawsuits gets under control.

See Part 3 on the National Health Care Bill

See Part 1 on the National Health Care Bill

The author, Ted Wolk, has over 30 years experience in the life and health insurance industry, looks at the National Health Care Bill and shares his thoughts on the core problems related to this Issue. PART 1

National Health Insurance

To quote Margret Thatcher “socialism is a great idea till you run out of other people’s money.”

Statements from Washington like “Pass the bill today and we will fix it later” scare the daylights out of me and reflect the mentality of how our leaders solve problems.

Yes there needs to be changes in health care delivery, however our politicians are not approaching the problem in a business-like manner. They are ignoring the core of the real problems that have created our dilemma. They are doing this more to satisfy their own ego.  If this national health concept is suppose to be such a great idea, then why are they forcing it down our throats and then telling us if we don’t want to play their game, we are going to fine you, penalize you, etc. “ (Free Choice!!!!”Was that a privilege we once enjoyed?)

Let’s examine some of the underlying core problems we have with this health care reform bill being discussed.

But before we move forward, we need to understand some basic and simple economics:

So let’s go to Economic Class 101>>>>.Here is Lesson number one—Please write this down in your notebook.  “There is only 100 cents in a dollar.” Yup, that’s what I said, there is only 100 cents in a dollar, and I know it is hard to believe. If there is anyone out there that can dispute this fact, please let me know. So let’s please keep this fact in mind as we continue on, unlike the people in Washington who totally ignore this basis fact.

Many people continue to badmouth the health insurance companies

Certainly the big issue today is the high cost of health insurance, and the fact that people cannot afford it, which results in so many uninsured. But are the health insurance companies really creating the problems we have today. The answer is no.  Our politicians seem to want to ignore the core issues of this dilemma. Slapping a band aid on the real problems is not a solution. So let’s take an in depth look at the health insurance companies and why our health insurance premiums have gone up. Just so everyone knows the increasing premiums are not created by some CEO that felt like raising the rates.

Insurance companies are only the messenger

Personally, I think we need to quit putting all the blame on the health insurance companies. They are only the messenger. The message they are delivering (higher premiums) is because of all the other problems in our health delivery system and our society.  Those core problems should be addressed first, before we start talking about any national health care.

See Part 2 on the National Health Care Bill

Finding cheap insurance for young drivers can be harder than you think because of the bad reputation that young drivers have received over the years. Out of all young drivers, males under the age of 25 have to pay the highest rates, but even females under the age of 25 pay more than they should. When trying to get young drivers cheap car insurance one of the best things that you can do is find out what kinds of things you can do to ensure you can get cheap car insurance for young drivers.

Here are some tips that you can follow to help get cheap car insurance for young people.

Tip one:

If the young driver gets good grades, you can find cheap car insurance for young drivers. In most cases, your young driver will need to have at least a B average to qualify for the good grade discount. You can also use the grades as an incentive with your young driver to make the insurance more affordable, if they get the grades and the discount, you will pay a portion of their insurance.

Tip two:

Have your young driver take defensive driving courses. Taking defensive driving courses will help prepare your young drivers for driving because they will be better prepared to deal with things that can happen on the road. Defensive driving courses also help make your young driver safer, which is what lowers your car insurance rates. The car insurance rates are high because young drivers have a tendency to wreck their cars, but being safer lowers the chance of a wreck.

Tip three:

The type of car your young driver is driving will also affect the rates that you are paying. Choosing a cheaper car will help you find cheaper car insurance rates. You want to avoid sports cars, flashy cars, 4 x 4 trucks, and other outrageous vehicles because they normally have higher insurance rates because of the speed or the ability to be driven off-road, add a young driver to the vehicle and you will get even higher rates. Choosing a vehicle that has certain safety features, such as air bags and anti-lock brakes, can also offer you cheaper rates on auto insurance for young drivers.

Tip four:

You can also limit the use of the vehicle that your young drivers are using to get cheaper car insurance rates. Not all insurance companies offer this choice, so be sure to ask your agent about it specifically. To limit the use you want to set aside specific times that the vehicle will not be driven, such as after 6 pm or before 8 am. Having limited use of a vehicle means a smaller chance of your young driver getting into an accident.

Tip five:

Teach your children about the rules of the road, plus how important it is to follow them. While this cannot get you cheaper car insurance for young drivers right away, it can help keep their car insurance lower as they get older. As a young driver, any violations will increase the car insurance rate, but they can also affect your insurance later because they can take years to clear off your driving record.

The one thing you need to remember when looking for cheap car insurance for young driver is that you must shop around. Not all insurance companies will offer the same discounts, so be sure to ask what discounts are being offered and how you can qualify for those discounts.

The hardest part about getting car insurance for young people is the high cost of car insurance for young people. Young drivers, which are usually under the age of 25, are the most expensive drivers to get car insurance for because of their lack of experience with driving.

The biggest mistake that people, including college students, make when they see how high the cheapest car insurance for young drivers is is to make the mistake of choosing no car insurance. By choosing to be uninsured, you run the risk of creating an even bigger financial disaster if there is ever an accident, you can also get into trouble with law enforcement and lose your driver’s license.

Rather than making the mistake of being uninsured you need to shop around for cheap car insurance for young drivers. Not all insurance companies are going to offer you the same rates; some will offer discounts that others don’t. With how many different options there are available to you, it is important to shop around to get the best rates on car insurance for young driver.

Cheap car insurance for young driver is hard to find because most young drivers are considered a high risk, especially males. Males under the age of 25 pay the most money when it comes to car insurance because they are considered dangerous drivers, due to showing off behind the wheel. They also have to pay higher rates because according to statistical information they drive more because most often they drive during dates. Girls under the age of 25 also have to pay a high car insurance rate because of the inexperience they have with driving.

Discounts are the best way to get a good rate on car insurance. Many insurance companies will offer a good student discount, but the grade point average plays an important role. If you do not have a minimum GPA, your young driver will not qualify for the good student discount rate. Some insurance companies will limit the age for the good student discount, while others will allow college students to apply. If your young driver still lives at home, it is helpful to put them on your policy as a part-time driver to get a cheaper rate.

The type of car your young driver drives will also determine the car insurance rate. If your young driver is driving a type of sports car, the rates that they pay will be through the roof, no matter what discounts you can qualify for. The reason for this is that sports cars cost more money and can be driven faster and more reckless than other cars. If your young driver is driving a station wagon or a beat up two-door coupe, the insurance rates are going to be quite a bit lower. No matter how tempting it might be to you or your young driver to go out and get that shiny new Mustang it needs to be avoided until they are older.

Young drivers can expect to pay anywhere from $3,600 to $13,800 a year for car insurance, which is why it is important to find the cheapest car insurance for young drivers. How much young drivers actually pay depends on their personal driving record (good driver discounts), the style of car they are driving, how much they are driving, and where they live.

Cheap car insurance for young drivers comes in many different packages that vary according to the insurance provider. All insurance companies consider this particular area to a high risk one. To get the best insurance rates and to find out the benefits and coverage offered by each insurance provider some research may be needed.

Finding the coverage that is most suited to a young driver can be done via the many online insurance companies that offer comprehensive packages designed for the needs of young drivers. The online search has one salient feature, it allows comparisons between different insurance companies and by this it is easy to get a good idea of what type of monetary commitments that a young driver would be looking at. It is important that the coverage suits a young driver’s needs. The need to research different companies become essential as insurance quotes can vary by as much as 300% at times. The savings that can be made with some research will thus be in the region of hundreds of dollars.

The insurance providers take into consideration a host of relevant factors when they provide an insurance quote. A good example is how rates differ according to whether the driver is a young boy or a young girl. Sometimes the insurance company goes onto insisting that teenage drivers are insured on cars with better safety features. If these conditions are met the young car driver can easily qualify for a better rate for getting insured. In addition, the driver’s clean driving record will bring down the cost of insurance greatly.

The following factors are some of the main considerations of insurance companies and having one or more of these in your favor will definitely mean lower premiums to be paid.

·        The car being fitted with safety devices which are approved by the insurance provider

·        Increasing of the deductibles on the insurance cover

·        The driver having a defensive driving certificate

·        Driving a car that has a low profile which poses no temptations for car thieves or vandals

·        Low mileage on the car which is under a certain limit set by the insurance provider

·        The experience and expertise that the young car driver displays

All these factors will help to lower the insurance premiums by a great deal. So, it is important that you are able to list the advantageous areas which will enable the insurance provider to give a better rate for your insurance cover.

Striking a balance between adequate coverage and low premiums is the best way to go about getting young driver car insurance that will be cheap in the long run. The young driver should supply the insurance company with as many details as possible about himself and the car to get the insurance quote that is best suited for him or her. If enough details are not provided, the company will give an insurance quote by default which might turn out to be rather expensive.

Apart from the above mentioned factors a company will give a better insurance quote to a young driver who goes in for combination insurance covers. The young car driver can expect to get a better premium with time and experience. As a young car driver starts out with an insurance provider, if it is not possible to get proper coverage due the high rate of premiums then it is best to opt for a lesser insurance cover which can be upgraded later on.

Car insurance for young drivers is generally considered to be a high risk area by the insurance companies. The coverage and benefits given by insurance companies can vary to a great degree and therefore the best way to find the most suitable insurance cover for young drivers is to do a bit of research. This can be done online with ease and this will give a better idea as to what is on offer and how to get the best deal for a young driver. Quite often it allows comparisons of several companies providing insurance for young car drivers and this will give a good idea as to what type of payments you are looking at. Shopping around will allow you to find out all the different offers that are there on offer for young drivers. Looking around is the best way to go as sometimes the insurance quotes can differ by as much as 300% in extreme cases. This means if you do your research right it might save a few hundred dollars of insurance cost.

Insurance quotes are based upon many factors and may differ according to the driver of the car. For instance the rates are different for male and female drivers as well as for teenagers. Some insurance companies insist that teenagers are insured on safer cars in order to qualify for better insurance rates. Another factor that will bring down the cost of insurance is having a clean and unblemished driving record.

If the car is fitted with approved safety devices then the premium will be low. This can also be achieved by increasing the deductibles on the insurance cover. Another area where insurance premiums are lowered is if the driver has a defensive driving certificate. Driving a low profile car as opposed to a new and flashy one is another factor that helps to lower the insurance premiums. This is because a low profile car poses no temptation for car thieves and therefore is less likely to be stolen. The best path to take of course is to strike a balance between low premiums and adequate coverage.

Furnishing details about yourself and the vehicle will allow you to get the most suitable insurance cover for a young driver. If the mileage on the car is low it will qualify for a better premium. There are other details such as this that will have a bearing on the cost of insurance and try to find out as many as possible before deciding on the coverage. The premiums will start off rather high and then will gradually reduce with time as the young car driver gains experience in handling the car. Another instance where car insurance premiums can be low for a young driver is if he has good grades. Many companies give a “good grades” discount with a report card for proof.

Insurance companies are often willing to give a young car driver a better rate or discounts in the existing rate if the driver renews the cover or has combination insurance covers. This means that if you have more than one type of insurance from the same company they will be more than willing to give a better deal as it is a good business move for the insurance company in the long run. If you are unable to get coverage due to high premiums it is best to opt for less insurance cover and with time go for a better insurance cover.

Cheap car insurance for young drivers can be found you just have to know the right places to look. Do your homework and don’t give up until you have found the best rate out there.