An auto insurance premium may be a bit less if you are able to park your car in a garage overnight. This cuts down on the risk of damage and theft. There are a number of factors to be considered, including the address/location. Talk to your agent about the various factors that affect the cost of the premiums.
It might slight decrease the premium if the car is actually garaged. The main cost of your premium is age, driving record, zip code and much more.
Life insurance premiums are not tax deductible, in general. However, group life insurance premiums are deductible for a business if the death benefit is $50,000 or less. Also, using key man insurance and executive bonus mechanisms, sometimes there can be some tax advantages. But, the premium is not deductible.
Modified Life Insurance is Ordinary Life Insurance under which premiums are calculated so that the first few years of premiums are less than normal, and subsequent premiums in later years are higher than normal. This type of coverage may also be called Graded Premium Whole Life Insurance under which insurance premiums are lower than normal for the first few years, then gradually increase for the next several years until they become level for the remainder of the policy.
Yes, the cost of life insurance premiums can depend on your age. Generally, the younger you are when you apply for life insurance, the lower your premiums will be. This is because younger people are considered to be at lower risk of death and thus pose less of a financial liability to the insurance company. Age is one of the factors that insurers use to determine premiums, along with other factors such as your health, lifestyle, and coverage amount.
The paid up value of your life insurance is the point at which no further premiums have to be paid. It can occur either by paying all of the premiums in a lump sum or by paying all of the premiums due in instalments. The precise value of a paid up policy is a fanction of the face amount of the policy, less policy loans or accrued earnings, if applicable.
Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance policy.
FOr each accident that occurs, this results in a loss for the insurance agent. The less accidents that occur, the cheaper they become. Simple business practice
Geico does offer insurance for someone with a less then perfect driving record. The Premiums are fairly large although for someone with strikes on their record.
A speeding ticket of 10mph less will affect your insurance directly. Premiums often go up and remain high for extended periods of time.
There are benefits to both types of garages. Steel garages may be sturdier, and less prone to rot, insects, or infestation of other rodents as they are often times more secure.
Elevated properties are less likely to become flooded, so presenting proof of an elevated property (the elevation certificate) can potentially lower your flood insurance premiums.
The best thing to do is get on your parents insurance because their premiums will raise less than you would pay for on your own. If you want to get some quotes for yourself, go ahead. I have linked an easy site that leads you through the quote process with tips for keeping your premiums low.
Most leading car insurance companies such as Progressive, GEICO and others offer competitive rates. Having an older, less flashy car make and model also helps reduce your car insurance premiums.