10 Most Expensive Cars to Insure

To piggy-back off last week’s list of least expensive cars to insured, here is the list of most expensive cars to insure.

This is something to look at and equate into the total cost of the car if you are looking to purchase or one one of these listed below.

Not only are these sports cars expensive to purchase they are also expensive to insured. According to Insure.com who conducts the research going into these lists, these cars are both powerful and very expensive to repair. “They often combine parts made of carbon fiber and other exotic materials with expensive engines that can crank out 500 horsepower or more”, says Insure.com. These also often appeal to men, who usually face higher premiums.

Here is the list:

*Note the premiums listed are averaged and can vary widely depending on state.

10. Mercedes-Benz CLS63 AMG 4Matic Sedan, Average national premium: $2,972

15 Mercedes-Benz CLS63 AMG 4Matic Sedan

9. Mercedes-Benz E63 AMG 4Matic Wagon,Average national premium: $3,042

15 Mercedes-Benz E63 AMG 4Matic Wagon

 

8. BMW M6 Convertible, Average national premium: $3,115

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7. BMW 760Li, Average national premium: $3,147

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6. Porsche Panamera Turbo Executive, Average national premium: $3,174

15 Porsche Panamera Turbo Executive

5. Audi R8 5.2 Spyder Quattro, Average national premium: $3,206

15 Audi R8 5.2 Spyder Quattro

4. Porsche 911 Carrera S Cabriolet, Average national premium: $3,216

15 Porsche 911 Carrera S Cabriolet

3. Dodge SRT Viper, Average national premium: $3,318

15 Dodge SRT Viper

2.  Mercedes-Benz SL65 AMG Convertible, Average national premium: $3,573

15 Mercedes-Benz SL65 AMG Convertible

1.Nissan GT-R Nismo, Average national premium: $3,574

2015-Nissan GT-R Nismo

10 Least Expensive Cars to insure in 2015

This is the list from Insure.com for the top least expensive cars to insure. These are cars that are rated highly with parents and are unlikely to go 100mph. These cars appeal to parents which mean they come with lots of safety features that insurance companies like.

Cars with fewer claims and easy to repair have lower premiums for your family. While insure.com did extensive research across different insurance companies and vehicle types they do note that insurance costs for these vehicles can vary widely across states.

Here they are:

10. Ford Escape S 2WD,Average national premium: $1,190

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9. Smart FORTWO Pure two-door, Average national premium: $1,186

 

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8. Ford Edge SE 2WD, Average national premium: $1,176

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7. Subaru Outback 2.5i AWD PZEZ, Average national premium: $1,176

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6. Jeep Compass Sport 2WD, Average national premium: $1,164

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5. Honda Odyssey LX, Average national premium: $1,163

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4. Dodge Grand Caravan SE Plus 2WD, Average national premium: $1,162

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3. Honda CR-V LX 4WD, Average national premium: $1,160

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2. Jeep Patriot Sport 2WD, Average national premium: $1,136

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1. Jeep Wrangler Sport 4WD two-door, Average national premium: $1,134

2011 Jeep Wrangler Sport

Are drivers for Uber or Lyft covered? What Drivers Need to Know.

File illustration picture showing the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign

The question of coverage or who covers an accident in the event that one happens while driving for Uber or Lyft, is tricky.

While Uber and other “ride sharing” companies do not identify as taxis but rather a marketplaces where a driver offers services and users can get a ride. Insurance companies may not see it this way. Further more state governments are trying to decide how they view it as well and regulations will have to be looked at by state for insurance requirements and regulations. Keep in mind too that Uber and Lyft are still relatively young companies and  their policies and procedures are still evolving as far as supplemental insurance that they provide.

How does car insurance work for Uber and Lyft drivers? 

Despite the Lyft website describing their drivers as “a friend with a car”, auto insurance companies view them as commercial drivers. Ride Sharing companies have insurance policies(which have recently changed, so you may want to review) the companies describe the coverage as applying while the app is on. This refers to while you are transporting a passenger in your vehicle. The rest they say is covered by your personal auto policy.

But what about the “gap” where you are driving with the app on to pick up a passenger? That is the controversial gap or potential coverage gap that has sparked these articles and make it worth while for the driver to investigate if they are covered during this period.

So you are driving to pick up an Uber customer, yours and another vehicle collide and have a collision at an intersection on your way to pick up the customer. There are damages to the vehicles and a passenger of the other vehicle is claiming minor injuries. You  are the at fault driver. Who pays? You do not have a passenger in the car, so Uber would not pay. You have a personal auto insurance policy, but they consider “driving for pay” for be business use. Your policy does not specify business use nor it is a commercial policy. That is the question. this could be a possible coverage denial. Your insurance company may pay for this this but chances are they will cancel the policy at renewal.

Given a recent event in California where an Uber driver struck a minivan causing the fatality of a child, California now require Transportation Network Companies(TNC) to provide coverage up to certain limits for driver and vehicle from the moment the driver turns on their app. However, this is only one state and other states TNC’s have no such obligation.

So how do drivers protect themselves?

  • Contact your insurance agent or current provider to see how they handle claims turned in my TNC drivers and if coverage is provided.
  • Commercial Auto Insurance Policies can be purchased. But for part time drivers this may not be economical.
  • You might also check to see if there are local or state regulations in place for TNC drivers that require the TNC company to provide insurance. If that is case contact the company and have them send you proof of insurance to carry.
  • In the mean time you could push your state representative to create legislation to regulate TNC’s to provide coverage while driving for them. You could also let your insurance company know that you are in support of a hybrid personal/business commercial policy to be available for this driving scenario. There has been talk of this type of policy but it is yet to be seen and it is not known that the cost associated would be.

 

Ways to Avoid the Most Common Causes of Car Accidents

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The first step to preventing car accidents is to know the most common causes.

Here are some things to keep in mind while you travel whether is across the street or across the country in your car to prevent accidents or the common causes for them.

  • Distracted Driving– is the most common cause. This is using mobile devices, leaning down to pick something up off the floor, playing with the radio and other devices, conversations with passengers, and even eating breakfast on the way to work. To avoid this be sure that you eliminate distractions while driving, even though you cannot control what other drivers are doing.
  • Impaired Driving- It is common knowledge that it is dangerous to drive under the influence of drugs or alcohol. This is a major cause of roadway fatalities each year. The way to avoid is simple and not drive impaired, not just drugs or alcohol but also prescription drugs that impair your ability to drive safely.
  • Speeding- this is a dangerous road practice. While you may think that high speeds cause the most road fatalities, most actually occur in speed-related crashes on roads with a speed limit less than 55 mph. To avoid this always drive at a safe speed. This doesn’t always mean the speed limit if there are other conditions present such as rain or bad weather. Also avoid other speeders on the road including let them pass you.

Now that you know some of the common causes, keep these in mind to stay safe while you are driving.

Home Security Solutions- Easier than ever and possible discounts

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If you think of home security you may think of bulky cameras and a bunch of wires, not really the case anymore.

Today, things have changed quite a bit. Advanced tools and security systems are more accessible and affordable than ever. (And installing them might get you a discount on your homeowners insurance, too.)

Full-service systems are still a popular option with many people. Companies offer central monitoring, video surveillance, and more. Some even include home automation tools so you can control appliances from anywhere, and many will send text-message alerts in response to specific occurrences, such as when the kids enter the house after school.

Doing it yourself has become easier than ever with more options…

  1.  Smart Cameras:  Cameras today can be tucked anywhere and don’t require wires. With a good battery and wi-fi connection, you can even set it up where you can see what is happening outside or inside on your computer or mobile device.

 

  1. Key-Free Doors: Say you have a friend stopping by to check on your dog while you’re gone for the day. You don’t have to risk leaving a key outside. With a code-based entry system, you can simply provide your friend with temporary access that turns on and off when you want.

 

  1. Home Automation Products: It’s easier than you think to give yourself remote access to the lights and appliances in your home. There are some products available that can help you make this happen.

So whether you hire a company, do it yourself or just employ a few “old-school” motion detected lights. They can all go a long way in making your home less attracted to burglars. Some of these systems could even get a discount on home insurance.

Ways to Stay Safe When Meeting Someone From the Internet

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It is becoming more and more common to meet strangers with internet shopping with such sites as Craigslist. But it is important that you think of precautions that need to be exercised for a safe transaction.

Here are a few things to think about.

  • Use Common Sense and your instincts during communication with the other party.
  • Try to speak with them on the phone as well as text interactions, this means that if they are claiming to be a 20 year old girl and sound like a 40 year old man, there may be a problem.
  • Meet in a public place, preferably at a local police station, that is well lit with a lot of people around.
  • Do not invite strangers to your home for the exchange, even if it is a large piece or furniture or along those lines for the purchase.
  • Try to bring someone with you.
  • Tell family and friends where you are going and/or check in on social media sites.
  • Be especially careful if you are buying/selling high value items.
  • Only bring the amount of cash that is agreed upon, if you bring extra store in a different location. It is not a good idea to have extra bills you are flipping through when handing the seller the agreed upon amount.
  • Bring your cell phone along.
  • Trust your instincts.

10 Little Known Facts about Your Auto Insurance and Factors that Determine Rates

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There are a lot of factors to consider regarding your auto insurance rates, when is come to this there may be a few things about the coverage that your didn’t realize that are helpful to know…

  1. Personal Items lost during a vehicle theft are not covered under your auto policy. – They are covered under your home owners policy, but if you regularly carry expensive items such as laptops or GPS devices you should have a rider and photos attached to your auto policy for coverage.
  2. Auto Insurance is tax deductible for percentage used for business. – You just need to calculate the amount of travel you use your auto for on business, that percentage is tax deductible. Make sure to share business use amounts of your auto with your insurance company for proper coverage.
  3. Your Occupation effects rates. – Examples are engineers as they are deemed less likely to be involved in accidents as well as teachers can ask for a discount based on occupation.
  4. In Georgia you can ask for Diminished Value on your vehicle following a claim.- This is because it is worth less than when you were in the accident but is must be requested(it is not automatic) and difference in value will be determined by the insurance carrier. This is applicable when the accident is not your fault, a check for determined about is sent to you
  5. If you switch your policy to a different company, make sure you cancel your old policy.- Otherwise, it will be shown on your credit report as cancelled for non-payment.
  6. Make sure your vehicle information is listed correctly on your policy. –Believe it or not this can make a big difference. things such as incorrect mileage, two door instead of four door selected or the wrong model selected can make a difference in rate.
  7. Affiliations with such groups as AAA and other related companies can lower your rate.- Ask your carrier which affiliations can result in these rate decreases.
  8. If a friend borrows your car and gets in an accident, your insurance will handle the claim.- That means you are responsible for the deductible and your rates will likely be increased due to the claim.
  9. You should insure your cars and home with the same company to get a multi-line discount.
  10. Your Credit Score affects your auto insurance rates.- Research shows links between credit score and likelihood to file a claim. If insurers see that you pay your bills on time and have had long standing credit you are viewed and more stable and the rates reflect his.

Anthem Data Breach: What to do to protect your identity

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The news has been no stranger to data breaches that have included such high-profile businesses as Target, Home Depot, and the Heartbleed with hackers getting access to usernames, passwords and other personal details.

Following that, last week Anthem, the world’s second largest health insurer, has been breached and it is suspected that 80 million Americans could have had their social security numbers, email addresses, name and physical addresses compromised in the latest attack. While they have said that no medical information or credit card information was compromised, the information breached is a prime target for identity theft.

In light of this, here are some suggestions to consumers concerned that there information may have been stolen:

  • Anthem has a dedicated website and is offering free credit monitoring. The website is www.anthemfacts.com and the dedicated hotline is 877-263-7995. You can look there to read more about getting the credit monitoring or call with any questions regarding.
  • Consider a credit freeze. Credit monitoring only puts alerts on your account with the three main business bureaus and are often ignored. Credit freeze can be done for a time and seals your credit reports so no new application for credit can come in. A PIN can be used to temporarily “thaw” your credit if you have any legitimate applications for credit you need to file. The credit freeze will cost anywhere from zero to $10 per credit bureau and needs to be completed with all three.
  • Credit freezes can be done for your children as well.
  • Be vigilant in checking your credits reports with such sources as annualcreditreport.com as a free credit report check option.
  • Expect for scammers to take advantage of the information received from this data breach and be sending out phishing emails and other messages to appear from Anthem, credit bureau and other seemingly legitimate sources.

For Businesses:

  • Make sure your protect consumer’s data, if it can happen to major corporations with data security measures in place, it can happen to any business.
  • The Better Business Bureau has a “Data Security Made Simple” guide available online with free info on how to create a data security plan, which every business needs to have in place.
  • Talk to your insurance agency to make sure that you have a cyber security policy is place should any data breach occur.

Home Cleaning Tips: Ways to help prevent the Flu from spreading

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Flu season is still going strong. If someone in your home has the flu or your want to prevent spreading it during flu season, here are some steps to assist in that process.

  • Clean Hands: Doctors recommend alcohol based hand rub or soapy water to wash your hands for flu prevention. Scrub your hands, don’t just wash them, the friction causes the germs to wash away. If using hand sanitizer, it needs to be at least 60% alcohol.
  • Disinfect: Common areas and frequently touched areas need to be sanitized(such as handles, remotes, faucets, door knobs, light switches etc…) these need to be sprayed or wiped with disinfectants.
  • Wash: Fabrics, bedding and towels need to be washed.
  • Use effective cleaning solutions: Use sanitizing or disinfecting cleaners. Use paper towels or throw-away wipes and not germ collecting items such as sponges to wipe. Read and make sure it is safe to use on children products before wiping toys or high chairs.

What To Do When a Car Accident Happens

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As drivers we should do all that we can to avoid accidents. But if you are in an accident, it is important that you do what you can to make a stressful situation go a little smoother and avoid making the situation worse.

Here are some thins to practice and that should be automatic in this situation.

  • Report: Not matter who is responsible, accidents need to be reported.It is a criminal offense to leave the scene of an accident, so stick around.
  • Move: If your vehicle is drivable, move the vehicle off of the road.
  • Stay: Stay at the scene of the accident until the police arrive unless you need medical attention.
  • Call: Make the calls to police, insurance, home and office as needed.
  • Data Collection: Get License numbers from vehicles involves, names and contact information.If there was any property damage surrounding , get the names of the owners, address and contact info.
  • Don’t discuss: Do not discuss fault or argue with the other parties involved. One should be calm and businesslike at the accident scene.
  • Take Pictures: If you have a camera or your phone, take pictures from different angles including directions the vehicles approached the accident location.
  • Record: Make a written statement while all of the details are fresh in your mind. This will also need to be provided to your insurance company.

Hopefully, you will not need to use these tips, but just in case there they are.

Drive Safe!