To a lot of people, owning a new car represents many important things in life: independence, adulthood, convenience and a validation of success. But in addition to the many wonderful aspects new cars bring, they’re also quite the expenditure, and we’re not even talking about their initial price tag.
Given that some of the larger insurance companies don’t offer policies for motorcycles, mopeds or scooters, finding a good quality and good value policy can seem a challenge. However, it’s still possible to save money on your bike insurance, and it’s worth putting the legwork in to make sure you get the right coverage.
Ultimately, how much you pay will depend on the insurer you choose, the level of perceived risk you represent to them, and the level of coverage you decide to take out. The pricing model is also at least partly dictated by the kind of customer an insurer wishes to attract.
Motorcycle Insurance Tips And Advice Read More
In order to understand the minimum amount of car insurance one can have in order to be legally covered, it’s important to also understand what car insurance is, what it covers, and what role your state-of-residence plays in the big picture.
One of the most important aspects of being a responsible driver is owning a car insurance policy; it is required in all fifty states within the United States of America and serves to protect its citizens. Of course, as with insurance of any kind, it is no simple matter and the kind of coverage you can obtain varies from insurance company to insurance company, state to state.
UNDERSTANDING THE BASICS OF CAR INSURANCE Read More
Over the past two weeks, I’ve been busy spending time with my parents who are visiting over the holidays. From the three hour round-trip pickup at Oakland Airport during rush hour traffic to the 4:45am drop off in order for my mother to catch a 6am flight to see her friends in between visits, I’ve put more time on the road than I have in a while!
I’m thankful for all the time spent because my parent’s visit helps fulfill one constant goal: to see them at least four times a year. As I wrote in my book, a large reason why I decided to retire from Corporate America is to spend more time with them and less time in the office. I very much want to play golf with my father before his spine ossifies. I’d like to absorb as much of my mother’s teachings while she still has the energy. One of the most fun things to ask our parents is where they were in life and what were their thoughts when they were your age. It’s scary how quickly time passes. Read More
Kevin and Sam recently wrote great pieces about the taboos around money and revealing how much you make. They opened up a good discussion on why salaries are generally kept quiet and not revealed in daily conversation. But what about how much you spent on a car? For many people a car is seen as a major income indicator. Do the same taboos apply?
People can guess what you spent
One main difference between what you spend on a car and your salary is that people can actually see the car. They can make an educated guess about what you paid whether you tell them or not.
Justified or not, people tend to make snap judgments based on the type of car you drive. If you drive a high-end luxury car like a Porsche or a Mercedes assumptions are made that you have a lot of disposable income. On the other hand, if you drive an old beater some people assume you can’t afford much more.
Of course they don’t really know whether you can afford what you drive or if you’re up to your eyeballs in debt. But the reality is that many people see your car and assume things like how much you get paid and your financial worth. Read More