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Answered 2009-06-06 14:10:40

Term life insurance has the lowest premium for a young person.

Term life is temporary for 1-30 years of coverage.

The younger you are when you purchase life insurance, the lower your rates.

Since term life is the lowest cost life insurance, it would offer you the lowest premiums compared to the same amount of permanent life insurance.

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What is the average life insurance premium for a healthy young adult?

The average life insurance premium for a healthy young adult is typical between pennies a day and a dollar a day. If you are paying anymore than a dollar a day on life insurance as a healthy young adult you should consider switching policies because you are getting a terrible costly deal when there are much better options available to a person of your nature.

When is the best time to buy health and life insurance?

The earlier the better. Buy the policies when you are young (in your 20's or at max 30's) because the insurance premium for the policy is less when the policy holder is young.

Which companies offer affordable auto insurance to young drivers?

Auto insurance prices for young drivers are based on many factors. Is the driver a male or female, does the driver have good grades, does the driver live in a city or out in a rural area. All of these are factors in determining insurance rates. For the lowest cost, a young driver would probably do best to try to get insurance through their parent's insurance bundle.

If you have an unrestriced license and you are 17 do you need to be on your parents' insurance in order to drive their car?

Yes because anything couuld happen Assuming you are living in the same household as your parents the answer is yes. Insurance companies must charge an appropriate premium for the risk that they are assuming. There is most likely extra premium that needs to be paid since young drivers tend to have more accidents. An undisclosed operator in the household is a form of premium evasion and can be considered insurance fraud. This leads to increased premium for all drivers in state.

What are the two most important types of insurance you need at your young age?

Life insurance and all risk insurance. Life insurance is to be a contract by which the insurer, for a certain sum of money or premium proportioned to the age, health...and other circumstances of the person whose life in is insured,... While All risk insurance cover, wristwatches, jewelleries, work of arts, picture, personal baggage, personal effects, commercial musical instrument etc.

Where could a person find opinions on the cheapest car insurance for young drivers?

Opinions on the cheapest car insurance for young drivers can be found at Insurance Review Centre, Money, Cover Box, 4Young Drivers, and Captain Compare.

How much does Elderly Insurance cost?

Elderly Insurance is usually more expensive than the average insurance for a healthy and young person. Some insurance costs as little as $0.35 a day but it can vary.

What do you need to consider when purchasing young drivers insurance?

There are many factors that can influence the cost and quality of young drivers insurance. Some things you will want to consider are the cost of the policy, the type of car the young person will be driving, the reputation of the company from which you are purchasing the insurance, and the ability of your young driver to maintain a safe driving record.

Where to find cheap insurance for young crazy driver?

The best approach is to work with an insurance broker such as Nationwide who can obtain quotes from a variety of insurance providers. There are also a few things one can do to reduce the cost of the premium. These include having anti-theft devices for the insured vehicle, having the young driver take a defensive driving class, and raising the deductible.

Does Quinn car insurance offer good rates?

Quinn Insurance provides some of the lowest auto insurance rates in the industry. The company even offers low rates to young drivers. Always compare coverage before you choose between two companies!

Where can one find the cheapest car insurance for a young driver?

A person can find inexpensive car insurance for a young driver from several different places. Some of these places include Safe Auto, State Farm, and Nationwide.

Why would a person require Personal Accident Insurance?

A person needs personal accident insurance if they are young. It fills in a gap that other insurance doesn't cover from minor to major accidents. For instance a singer may lose their voice thereby losing their income.

Which company advertises cheaper insurance for young drivers?

Some companies that advertise cheaper insurance for young drivers are FreeInsuranceQuotation, and LoansStore. These are all insurance companies that advertised on articles about cheap insurance for young drivers.

Where can young women get car insurance?

Young women can get car insurance from any company that offers car insurance, including Allstate, Progressive, or Geico. Young women in California could also get car insurance from Dashers.

Do medical issues effect whether or not a person can get life insurance?

Yes, definitely. Health is a major factor considered by life insurance underwriters when assessing your premium rating. There are other factors such as age, family health history, gender, occupation, lifestyle habits such as whether you smoke, etc. For instance, if you have an incurable illness, most life insurance will deny coverage. The best life insurance rates are reserved for those who are healthy and young. The more health problems you have, the more your premiums will increase.

Why is car insurance higher for young drivers?

there are certain reasons behind the costly car insurance for the young driver 1.the main reason is the less experience of driving,young drivers do not have more experiences of driving the car properly,there are lot of chances for the accidents by the young drivers 2.young driver do not have a good driving record ,,they dont find time to get good driving record 3.insurance company can give insurance on the past record of driving,if person is young and don't have good experienced past driving records,,

Is Long Term Care Insurance a good investment?

Insurance should never be viewed as an investment. Insurance provides protection against certain foreseeable and unforeseeable risks. In the case of long term care insurance (LTC), premiums are paid in anticipation of a person needing home health care or care in a facility for older people when they are unable to care for themselves. When the need arises, the insurance company pays to or on behalf of the insured the benefit purchased that correlates with the premium that has been paid. When LTC is purchased, the insured has various options as to daily benefits and duration of payments; the amount of premium (the cost of the insurance) is based in part on those variables. It is also based in part upon the age of the insurance when the insurance is purchased. In that respect, there is a difference of opinion whether LTC should be purchased when a person is young (and therefore, presumably, more healthy), or whether one should wait until they are older. If purchased when young, barring unforeseen circumstances, premiums will be paid for a longer time. However, if one waits to buy LTC health issues may arise that make the insurance more costly or unavailable.

If you have a spare car and your grandson needs to borrow it should he get his own insurance?

Yes young drivers pay a higher premium because they are considered higher risk than older drivers. Insurance premiums do not drop until the age of 25. If he wrecks your car and it goes on your insurance you could get your policy canceled or be sued when your insurance company does not cover it. Insurance companies do what is known as underwriting which is the process of evaluating the potential of loss and liability a person old enough to be a grandfather with a decent driving record is considered a much lower risk than a junior driver.

Will 21st Century Insurance company insure a driver with only a permit?

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Which company offers the cheapest life cover?

Life insurance costs vary based on the age, general health, and location of the insured. In general, life insurance premiums are cheaper when purchased as a young adult and maintained throughout your life than purchasing a new policy later in life. One of the most economical types of policies is term insurance. Taking advantage of an employer-offered life insurance plan, even if you pay a monthly premium, is also an inexpensive choice because the employer often absorbs a portion of the premium.

Is young drivers insurance more expensive than elderly driver insurance?

Yes, young driver's insurance is typically more costly than elderly driver's insurance, as elderly drivers are considered to be "experienced". Young drivers are typically considered to be more of a liability.

How expensive is elderly life insurance?

If an elderly person decides to begin buying life insurance, it will cost much more on average than for a young person. This is because elderly people are more likely to die, either by accident or from natural causes, and the insurance company will not want to offer cheap insurance to someone who pays them little before requiring it.

What is the average cost of long term life insurance?

Long term life insurance premiums depend on the age and health conditions of the insured person. A young man or woman in the early thirties can get an insurance for $500,000 for as little as $400 a year.

If you are a minor in need of car insurance do you have to be under a parent or guardian's insurance plan to drive?

As long as you hold a valid drivers license, you usually can obtain motor vehicle insurance as long as meet the insurance companies underwriting requirements, such as no tickes, no accidents, no suspensions, and do not ow any insurance company money. If you are young, usually the premium is high. The idea behind letting a minor enter in to a insurance contract is one of the few contracts a minor can enter in. Because if you have a license to drive, you need insurance.

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