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Answered 2004-06-17 16:15:36

Certainly, if that insurance companie excepts that form of payment

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Does paying car insurance monthly build your credit?

Paying your insurance premiums do no report to any credit reporting bureaus.

How do insurance carriers calculate the premiums they charge?

Insurance carriers use credit history reports, and your credit score to calculate the premiums they charge. This type of insurance scoring is a standard practice among the nation's largest insurers.

By how many ways I can pay my Insurance Premiums?

You can pay your insurance premiums in many ways. Usually, you can pay it with a company plan (if you work), through cash, or credit card.

Does your credit rating affect your car insurance premiums?

In the US, yes it does. I'm Canadian and here it does not.

What are the tests applied to the deduction of health insurance premiums from your taxes?

A percentage of your health insurance premiums may be used as a credit if that meet the percentage of your gross income as spelled out in the tax code. All very complicated.

Where can one with bad credit obtain auto insurance?

Someone with bad credit can obtain auto insurances at various places. Bad credit shouldn't stop someone from wanting to obtain auto insurance. Direct Insurance is a company that will provide auto insurance to people with bad credit.

Are premiums for Richmond auto insurance higher than in other counties in the state of VA?

No, premiums for auto insurance are not higher because of where you live. Auto insurance rates depend on the type of vehicle you drive, your age, and your driving record. Sometimes they also take your credit rating into consideration.

What insurance companies do not use credit score to figure premiums?

Most insurance companies utilize your credit score to an extent. They use what is called an insurance score to help determine the likelihood of you filing a claim. The information that is essentially used will include things such as the amount of debt you have, the types of debt you have, and how long you've had credit.

What has caused or allowed life insurance premiums to drop?

There are a number of different reasons premiums for life insurance may drop over time. The premium for a life insurance policy is the amount you pay in return for the life insurance coverage on your life. The insurance company promises to pay out a death benefit to your beneficiary of you die, in return for your premiums you pay on your life insurance policy. Premiums are based on several factors, including your age, health, occupation, hobbies, lifestyle, if you smoke, driving record, credit history, height-to-weight ratio, etc. In addition, the type and amount of life insurance will have an affect on how much you pay for life insurance. What can lower life insurance premiums? Life insurance companies may lower their premiums over time if they have fewer claims, more people cancel their life insurance plans before dying, or people live for a longer period of time

Where can someone compare credit insurance brokers?

One can compare insurance brokers from the following sources: Go Compare, NCI - National Credit Insurance, Credit Insure, Money Supermarket, Status Credit Constriction, Trader Risk Group, to name a few.

What is term life conversion credit?

Depending on the insurance carrier, if you convert a qualifying term life insurance policy to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the term premiums paid during the 12 months prior to the conversion. The carrier can elect to give you a credit on a portion of those premiums paid based on a few factors, such as the age of the term insurance policy, or the type of policy you are converting to.

What is the difference between standard and non-standard auto insurance?

Standard insurance is for drivers with very few violations, claims or cancellations of previous policies. In most cases, these drivers have better insurance (or credit) scores. Based on these characteristics, standard insurance premiums are much less than non-standard insurance premiums. Non-standard insurance, on the other hand, is for those with major violations, prior cancellations, prior claims, no prior insurance coverage amongst other things. These insurance policies, most likely, are for minimum coverage.

Is it possible to find out if someone is bankruptcy?

Only when pulling their credit report.

What has the author Arthur Levi written?

Arthur Levi has written: 'Credit insurance' -- subject(s): Credit Insurance, Insurance, Credit

What is business credit insurance?

Business credit insurance is a type of insurance that is purchased by businesses selling to other businesses of open credit terms. Business credit insurance guarantees against their business having excessive losses due to their customers inability to pay for goods or services purchased on credit. It is sometimes calledaccounts receivable insurance or trade credit insurance. This should not be confused with consumer credit insurance (e.g. credit life) which is purchased by consumers.

How do you find your account new world life insurance company?

I have had the account closed that the premiums were debited from & have not received anything from Farmers in regards to this policy when I inquired prior to the credit union closing.

Where would one get commercial credit insurance?

Commercial credit insurance is often purchased by companies to ensure payment of credit which a company has credit with. There are many insurance companies who specialize in credit insurance. Some include Allianz and Atradius. The best way to obtain and use trade credit insurance is through a specialized broker.

Strategies to Lower Your Car Insurance Premiums?

In a struggling economy, many families are looking for new ways to lower monthly expenses. One expense that many people wish they could lower is the premiums they pay for their car insurance. Fortunately, there are indeed ways to bring those premiums down. Simply use one of the strategies listed below. One strategy that generally works is shopping around first before settling on a policy to purchase. It is in fact true that the premiums charged by car insurance companies vary wildly from provider to provider. Part of the reason for this is because each company calculates premiums differently. Certain insurers may offer discounts that others don't. Different insurers are also likely to weigh risk factors differently. If you are unhappy with your current coverage, you may be able to find a cheaper deal if you shop around. Another strategy used by many drivers is even simpler. They completed a driver's education program. Completing such a course can result in a person being awarded points that can lower the premiums an insurance company charges. Completing such a course is also relatively easy. Many such courses can be completed in a single day. Another way to lower premiums is by adding extra safety features to your vehicle. One of the biggest risk factors weighed by car insurance companies is whether or not a car will be stolen. Installing anti-theft devices into a vehicle can certainly bring down a person's car insurance premiums. However, you need to make sure you use this fact when negotiating on the premiums you will be charged to make sure it is weighed properly by the insurance company. Your credit rating can also have a big impact on the premiums charged for your car insurance. In fact, when this calculation is made, a person's credit score is weighed rather heavily. If you have a rather poor credit score, you should try to build that score back up. Not only will it make you more likely to receive a loan, it will also bring down your car insurance premiums. Lastly, a person that wants cheaper premiums can choose to let a single company handle all of their insurance policies. Many people have to juggle many different insurance policies. This can include life insurance, homeowners insurance, boat insurance, and so on. However, what many people do not know is that insurers will often give discounts for purchasing multiple plans from them.

Will the cost of employer-paid health insurance will be included as income on W-2 tax forms in 2011?

Not as taxable income. But yes the amount will be included on the W-2 form if the employer is receiving the tax credit for the amount of the premiums. This information will be to inform the employee of the amount of the premiums that the employer is paying on the employees medical insurance benefit for the year 2010.

Can you get homeowner's insurance without a credit check?

No, not any more. Insurance companies have been quietly using credit reports and scores to better determine the riskiness of the insured for a bit over a decade. Having a bad credit history does not necessarily mean that one will not be offered a policy. Rather, one may pay higher premiums to do so. Those with challenged credit, more than anyone else, should always shop different insurers (if searching on the Internet) or use with an insurance broker that does the leg work for you.

10 Steps to Buying Auto Insurance in Minnesota?

The basic purpose of auto insurance is to protect motor vehicles in the event of an accident, fire, or theft. It is vital for one to consider the following steps when planning to get auto insurance in Minnesota.For new insurance buyers, the most ideal way to get insurance would be to check online, and compare what the market has to offer. Most insurance companies have joined various comparison websites or companies and are able to compete for customers by offering the best possible price they can for their services.Existing insurance policyholders should consider inquiring from their current insurance providers, if they can get discounts on their policies before changing insurance companies.Choose a vehicle right for you. It is important to have a car if you need to get auto insurance. One should choose or buy a vehicle of which they can afford to pay insurance for. Each car will have a different rate of premiums depending on the cost of the car, engine size, and many other factors.Maintaining a good driving record will help keep the cost of the premiums at a low, and with every passing year as the policyholder ages, the premiums are expected to go down. If your current insurance company does not offer this, it would be advisable to move to another insurance company. Being accident free for three years or more will lower your premiums.Having a good credit score is vital, as most insurance companies will check on potential clients past credit history just to ensure that the client will be able to keep up with the monthly payments.When a policy holder proposes to increase their deductibles or excess in the event of an accident, then the insurance companies will in turn lower their premiums.Having anti theft devices, like burglar alarms, on the vehicle will also help lower the cost of insurance premiums.One should ensure that there is continuity from when they first took out an insurance policy and each time they change. Gaps in between will only lead to an increment of the insurance premiums.Minnesota State requires that one should have a liability of $20,000 per person for bodily injury, a liability of $40,000 per accident for bodily injury, and a $10,000 liability for property damage. This known as the 20/40/10 rule.

Can you find out if someone has declared bankruptcy?

It may be possible to find out if someone has declared bankruptcy by running a credit check. Credit checks will pull up a person's credit report, but it costs money to request one.

How much does parking insurance cost?

What you are thinking of is comprehensive insurance. This covers theft, vandalism, weather and a lot more. Their are so many factors in companies deciding insurance premiums. Factors are driver age, credit, accidents and tickets and a lot more. Your best off calling a local agent and getting a quote.

Is it possible to get sameday payday loans if someone has bad credit?

Ye, it is possible to get sameday payday loans even if you have bad credit. In fact you can get sameday payday loans if you have had a past bankruptcy.

How to Save a Bundle on Car Insurance?

Most people are aware they can buy car insurance online today and save a lot of money simply by shopping around. However, there are numerous ways you can cut your car insurance premiums even further by taking a few simple steps. Obtain a copy of your motor vehicle report and make sure there are no errors on it. The price you pay for car insurance will, in part, be determined by the information contained in your motor vehicle report so it makes sense to make sure that information is correct. Ask any car insurance company you are considering doing business with if they check credit. If so, and if you are still interested in doing business with them, obtain a copy of your credit report, which you can get for free. Make sure there are no errors on your credit report that could cause your premiums to be higher. Ask for the highest deductible you can stand. You will save money on car insurance premiums by having a higher deductible. Once you find the best possible price for car insurance, get a policy for as long as is allowed. Some companies only sell six month policies while others will sell you a car insurance policy for an entire year. By taking the longest policy possible, you will lock in the price you have to pay and you won’t have to worry about your premiums increasing in a couple of months. Make sure your vehicle has all of the approved safety devices on it. You may qualify for discounts in some states if your vehicle has certain safety and anti-theft devices. Items such as airbags and security systems can mean cheaper premiums. Ask about every discount the company offers and see which ones you may qualify for. Also, ask which part of the policy the discount applies to. Some companies advertise a myriad of discounts but if you are only purchasing liability insurance and the discount applies to comprehensive, it won’t do you any good. Drive safely and keep your driving record as clean as possible. This will translate into continued savings as riskier drivers will always pay more for car insurance.

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