My Personal Finance Blog

Doesn’t it feel sometimes that when it comes to auto insurance it’s like playing the game no one tells you how to play it right and where the rules are written without your consent? Well, to ease the situation, here are some auto insurance rules most insurance companies won’t tell you about.

1. If your credit rating is good you will have better rates.

Most of the insurance providers, whether big or small, use credit information to determine the rates you will be charged with. That’s because numerous studies have shown that there’s a direct link between a person’s credit rating and the probability that the very same person would file an insurance claim. Those who have poor credit scores tend to file claims more often than drivers with good credit reports. And we know how insurance companies don’t like insurance claims.

Tip: If your credit report is not that good, don’t haste with buying auto insurance. First, make sure you have settled all your debts and closed unused credit lines. After doing this wait for a month and your rates will be much lower than you would expect.

2. The model of your car affects your premiums.

Insurance companies don’t disclose the exact methods they use to calculate their rates, but your car make and model certainly plays an important part in the equation. All insurance providers have charts on all car models and their respective insurance cost based on theft rates, repair costs and overall safety.

Tip: Try purchasing a car with reasonable repair costs, good safety scores and low theft rates in your area in the first place. This will always give you the chance of having cheap car insurance.

3. Bad driving means higher rates.

Most insurance companies will raise your rates up to 40% of the initial premium you’ve paid if you have a single at fault accident. However, not all companies follow this rule.

Tip: There are insurance providers that have higher tolerance for first-time accident drivers. So when you purchase your cheap auto insurance policy or ask the provider if they have such incentives and what are their rules.

4. If your friend borrows your car and ends up in an accident you will still have to pay higher premiums.

It doesn’t matter who was driving the car if it was with your own consent. It will be you who will file the claim and this will eventually lead to increase in your premiums.

Tip: In case you didn’t give consent on using your vehicle your friend will be liable for the accident. However, if he or she doesn’t have own insurance or the damage resulted exceeds the amount of coverage contained with his or her policy the other party may come to you in order to settle additional medical and repair costs.

5. Official cancellation is required when switching providers.

You are free to cancel your policy any time you feel the need to. All that is required is to inform your current provider in written form.

Tip: After you have searched for cheap auto insurance and chosen another provider you can simply contact your insurance agent and inform him that you want to cancel your current policy from a certain day. In most cases the company will send you a filled out form where only your signature will be required.

Exercise is one of the keys to good health and good body. This is the reason why wellness experts and even medical authorities recommend exercising. There are many benefits that you can get when you exercise; a few to mention are toned muscles and increase circulation of the blood in the body. However, exercise activities like any other activities should be done with safety precautions. Approximately more than 3 million kids experience injuries when exercising. These exercise activities vary from stretching to outdoor activities like running and bike riding. In order to avoid injuries and have healthy body, here are some exercise safety tips for kids that can serve as guide when exercising or involving in any form of rigorous exercise.

Running exercise safety tip for kids. This is one of the most important exercise safety tips for kid. Kids or anybody of any age should not just run to start the activity. Prior to running, the body must be warm-up and stretching exercises should be performed. This is to prepare the body for the physical activity. Likewise, kids should also cool down after each activity.

Riding the bicycle. Bike riding is one of the most favorite activities of the kids to exercise. Not only you do exercise but you also enjoy the activity while you travel from one place to another. Yet, riding the bicycle should be done properly. Wearing elbow and knee pads, and a helmet will protect the kids against potential injuries if kids accidentally fall off or have collision.

Engaging in sports. All sports have their own safety measures. This ranges from the gears that should be worn to the type of equipment that should be used. As one of the exercise safety tips for kids, it is essential that proper gear should be worn. Correct clothing such as helmets and knee and elbow pads will be able to minimize the damage caused by the accident. Aside from the gears, the equipment utilized should also be inspected especially in the parks like swings, monkey bars, teeter-totters, and other stationary equipments which kids frequently uses.

Watch out for dehydration. It is important that when exercising, drinking water should be prioritized. When kids exercise, kids also sweat a lot. It is necessary that lost body fluid are replenished accordingly.

Check the health of the kid. This is another of the most important exercise safety tips for kid. There are some kids that are limited in physical activities due to their health limitations. It is necessary that a doctor or physician must be consulted before allowing the kids to join sports or any physical activities. Among the diseases that may impede the kids into exercise activities are asthma, allergies and heart problems.

Supervision of the kids. Kids should be supervised in their physical activities; whether exercises or plainly playing at the playground. This will make assistance on hand to them in case of injuries. Moreover, the presence of sports doctor will be very great.

Exercising is one of the fun activities kids can engage with. However, there are some situations that kids may tend to overlook potential hazards and dangers ahead of them, therefore it is highly important that these kids are supervised and knowledgeable how to protect themselves against injuries.

Armed with these exercise safety tips for kids, you can assure that kids are safe and at the same time have healthy bodies.