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Automobile Insurance
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Electric Insurance expects to expand its automobile product reach in New Hampshire by January 6, through the use of additional price points. The company recently developed a new rate system, which company officials say, is 7 percent better for customers and will service a broader range of customers. Insurancejournal.com reports:
[One] easy way to lower the cost of your automobile insurance is to increase the deductible. Simply raising your deductible from $250 to $500 can lower your premium sometimes by as much as five or ten percent. However, you should be careful to make sure that you have the financial resources necessary to handle the larger deductible.
It is important to remember that when purchasing automobile insurance people should tell the truth, even if it may raise their auto insurance rates slightly. This is much better than having your insurance invalidated because of untruths. Even a cursory understanding of automobile insurance can help you to obtain not only cheaper insurance but hopefully better quality insurance, which can work out a lot cheaper in the long run.
Source:
SACRAMENTO, Calif., May 15, 2003 /PRNewswire-FirstCall via COMTEX/ -- InsWeb Corp. (Nasdaq: INSW), one of the largest producers of automobile insurance in the U.S., announced today that it has expanded its board of directors, adding two new independent members. The addition of Thomas Orr, age 69, and Dennis Chookaszian, age 59, brings the total number of board members to seven.
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