Life Insurance with No Medical Exam – The Pros and Cons
Reader’s Question:
Should I listen to my friend and go with a no exam life insurance policy, or should I go with an agent who is telling me that I will be better of getting a policy with a medical screening? I don’t want to make a big fuss about getting life insurance but I do want to get it right the first time.
Blaise
Miami, FL
You’ve raised an interesting question. Life insurance with no medical exam policies has their uses, but that doesn’t meant this is the type of coverage that everyone should be getting. It would be very important to consider the following to see if a no medical exam life policy is the best for you:
When to Think Twice About a No Exam Life Policy
Are you in excellent physical condition for your age? Are you relatively young and in general good health? If you are budget conscious then it would be more cost-effective to go with a life policy that requires a medical checkup. You can leverage your good health and longevity to get affordable life insurance premiums that you would otherwise not get for buying a no exam life policy. By not asking a customer to undergo a medical exam, the insurer is taking in a bigger financial risk (since the insurer has no idea about the health of a customer). The bigger this risk is the higher the premiums become.
When to Consider a No Exam Life Insurance
If you have been denied coverage by other life insurers or are slammed with high premiums due to a medical condition, disease, or because of a risky lifestyle, then a life insurance with no medical exam will be your best choice. In fact, with some people it may be the ONLY choice to get life coverage. If you will go with a no exam policy, do make sure that you shop around and compare rates. Prices vary greatly across many insurers and you may still get good rates for comparing offers. This can easily be done by comparing free life insurance quotes online.
Cheap Car Insurance Miami
Reader’s Question:
My brother’s asking me how he can save on his car insurance premiums. It’s his first time to purchase car insurance. He’s just too lazy to check this information so I’m doing the research for him. How can he get cheap car insurance Miami?
Leslie
Miami, FL
There are just three easy tips than can think of to help your brother get cheap car insurance Miami:
First, shop around. The best way to know if you’re brother is getting the cheap car insurance Miami would be to shop around online. Your brother needs to get several car insurance online quotes from different websites. And then, from those online quotes all he needs to do is to compare car insurance rates from each insurer. However, it’s important to remember that getting cheap car insurance does not mean getting the cheapest rate possible. Your brother should also consider the financial stability of his prospect auto insurance company.
Second, check for available discounts that car insurance companies offer. Every insurer offers different kinds of discount, depending on the guidelines they follow. Your brother may want to check if these discounts are available:
- Good student discount
- Low driving miles
- Installing anti-theft device and safety devices
- Enrolling in a defensive driving class
- Good driving records
Third and lastly, consider your brother’s car value. If he’s driving a vehicle that is somewhat old or has a low value then it’s not logical to even get comprehensive and collision coverage. Those coverages are only advisable to purchase if your car’s worth is somewhat valuable.
For more information about cheap car insurance Miami, you can also ask your auto insurance agent.
Online Vehicle Insurance In Miami
Reader’s Question:
I am a young driver. I guess, I don’t have that much driving experience yet so I am being charged with higher car insurance premiums. I badly need to save on my premiums right now. How can I get cheap online vehicle insurance in Miami?
Armand
Miami, FL
One of the most important things that you need to consider in getting cheap online vehicle insurance in Miami is to shop around online. By shopping alone, you can get several car insurance rates from different insurance companies. Make sure to get more than enough online free insurance quotes so you can get several options. Remember, car insurance rates vary among insurers so just be a little patient when you compare quotes.
Also, another important thing to remember is to carefully review the auto insurance policies that every car insurance company is offering. One good way in comparing car insurance policies is to compare apples to apples. Meaning, you have to compare the same insurance coverage from different auto insurance companies.
If you’ll ask me how may quotes are considered as more than enough, I would say that still depends on you. But in my own opinion, getting three online quotes should be your minimum. So, don’t go lower than that.
Bear in mind that you should a little research also on the car insurance company. You need to make sure that your prospect car insurance company is financially stable. Price alone shouldn’t be your sole basis in getting cheap online vehicle insurance in Miami.
You can also contact you car insurance agent in Miami to see if he can give you a better offer than what is being offered online. But before you do that, I would suggest you check first with the different websites to get online car insurance quotes. In fact, you can start looking for one on this site alone.
Miami Auto Insurance
Reader’s Question:
Ever since I moved to Miami my auto insurance rates have increased! I don’t understand it since I’m still using the same car! Are Miami auto insurance that expensive?
Louise
Miami, FL
There are many factors that contributes to the price of your auto insurance premiums. The place where you live, and where you usually drive your vehicle, does have a significant influence on how much your rates are. By moving to Miami, a big city with tens of thousands of other vehicles plying its roads, your risk of getting involved in more car accidents, or the risk of your vehicle getting stolen or vandalized, increases significantly. This is the reason why, even with the same vehicle, you’re auto insurance rates still went up.
Aside from your location, there are a few other factors influencing your rates which you may be interested to know about:
1.Your Age – How old you are would more or less dictate your chances of avoiding an auto accident. Teens and senior citizens are the most expensive to insure.
2.The kind of car you drive – A model’s safety rating, its popularity among car thieves, as well as its capacity to inflict damage to other vehicles during an accident are taken into account.
3.Your credit record may be used as an indicator of how good a driver you are.
4.Driving History – especially for the past two to three years, would be taken into account.
Looking for the most affordable Miami auto insurance? We highly recommend that you utilize the free insurance quote search tool on this website which allows you easy access to cheap rates and be able to compare different policies conveniently.
Cheap Car Insurance In Miami
Reader’s Question:
My dad is turning 58 next month. When I check his car insurance bill, I was surprised to see how much he’s paying for his premiums. Is there a way that we could get cheap car insurance in Miami for him? Thanks a lot in advance!
Linda
Miami, FL
Yes Linda. There are ways to get cheap car insurance in Miami for your dad despite his age or him being a senior driver.
For one, you may want to consider getting a senior discount for him. The state of Florida mandates giving a senior car insurance discount for driver who are 55 years old and above. Your dad just needs to complete successfully an accident prevention course. Said course must be approved by the Florida Department of Highway Safety and Motor Vehicles. For your dad to qualify for this kind of discount, he must maintain a clean driving record after he had completed said course. His driving record must not reflect any kinds of traffic violations or accidents at all. For more information about this car insurance discount, you may check with the Association for the Advancement of Retired Persons (AARP).
Is your dad still working or has he retired? If he had retired then another thing that you can do to get cheap car insurance in Miami for your dad is for him to consider lowering his car insurance premiums by not including the coverage for his wage loss. However, before he does that, it’s important to think carefully on how this will affect the other members of your family.
For more information on how to get cheap car insurance in Miami, you may wish to ask your car insurance agent or the Florida Department of Financial Services
Miami Auto Insurance
Reader’s Question:
I know someone who was convicted of DUI. How will a DUI conviction affect his Miami auto insurance rates?
Sally
Miami, FL
I’m truly sorry to hear that Sally. Having a DUI conviction will automatically list a person under the high risk category for drivers. Being labeled like that is just something you wouldn’t want to happen.
To give you a clearer understanding, I’ll tell you what the car insurance requirements in Florida first. The state of Florida is a no-fault system. Meaning if you get involved in an accident, no matter whose fault it is, your own car insurance company will provide for the coverage. This depends however on the amount that you have in your Miami auto insurance policy.
The minimum required auto insurance limits are $10,000 for property damage liability (PDL) and $10,000 for personal injury protection (PIP). Fairly simple, right?
However, once convicted of driving under the influence (DUI) offense, you will be required to carry:
- $100,000 liability for one person who is injured or killed in the accident
- $300,000 liability for two or more persons who are injured or killed in an accident
- $50,000 for PDL
Moreover, if you choose not to get those, you also have the option to post a security bound instead that is amounting to $350,000. Such requirements need to be maintained for a period of three (3) years. After three years, given that you were able to maintain a clean driving record, that is the only time that you will be allowed to purchase the usual auto insurance limits.
So, being convicted of DUI offense will surely affect your friend’s Miami auto insurance rates. Not only will he be asked to purchase more than what is usually required but he may also find it hard to get auto insurance company that will offer him with cheap car insurance rates.
Miami Car Insurance
Reader’s Question:
My brother will be insuring his first car soon here in Miami. I’d like to help him about his car insurance needs. What are the things that I need to know about Miami car insurance?
Tim
Miami, FL
Hello Tim! Every vehicle owner in Florida is required to purchase car insurance. As long as your vehicle is registered and licensed in Florida, then you need to maintain your car insurance policy in all of your vehicles. This law applies to all vehicles that have four wheels and more.
If your brother will stay here for seasonal time only, then he still needs to get Miami car insurance policy. That is if he chose to stay at least for 90 days in a year. This rule applies even if the 90-day period is not consecutive.
Just for clarification, the state of Florida only requires every driver to carry Property Damage Liability with the minimum amount of $10,000 and Personal Injury Protection of $10,000 minimum amount also. This means that your brother is not required by the law to purchase additional Miami car insurance coverage. In fact, it is strongly prohibited by Florida law that auto insurance companies require its policyholders to purchase additional coverages aside from Property Damage Liability and Personal Injury Protection. Additional coverages may only be offered but not required.
To buy a Miami car insurance coverage, you need to make sure that your brother will only purchase car insurance from auto insurance company that is licensed to conduct business in Florida. Moreover, if your brother chose to get his car insurance from an agent, that agent must be licensed also to sell insurance here.
For more information about car insurance, you may also check with the Florida Department of Financial Services.
Car Insurance Miami Florida
Reader’s Question:
What are the other factors that affect the rates of car insurance Miami Florida? I have a teen daughter and I’m doing some research on how we can save on my car insurance since I will add her soon under my policy. I’ve already learned that place of residence, driving and credit history, type of vehicle and even gender all affect car insurance rates. Can you give me the factors that I am not aware of yet? Thanks a lot!
Johnnie
Miami, FL
Hello Johnnie. It seems that you’re doing a lot of research lately. I must say I am amazed on how much you know about the car insurance Miami Florida. Here are some additional information I can give you about car insurance.
Since you are a parent of a teen driver, it will be more practical to add you teen daughter under your car insurance policy rather than getting a separate policy for them. Since teen drivers are considered high risk drivers, getting a separate insurance for them will be more expensive. You may also consider enrolling your daughter in a driver’s education program because by doing that you may also get a discount from your car insurance company.
By the way Johnnie, how old are you? If you are 55 years old and above, you may also get a discount if you’ve completed a course about accident prevention. This course must be approved by the Florida Department of Highway Safety and Motor Vehicles. Remember that for you to qualify for the discount for mature drivers, you need to have a clean driving record after, no accidents and violations at all.
For more information about car insurance Miami Florida, you can ask your auto insurance agent.
Car Insurance In Miami
Reader’s Question:
My cousin will be moving here in Miami by June. As early as now, I’m researching on information about car insurance in Miami. Can you share some information about that?
Lea
Miami, FL
Sure Lea!
Let me just share with you the things that I’ve learned that affect the rates of car insurance in Miami.
For one, driving history. This includes any past traffic violations and accidents. As much as possible it’s best to stay away from getting involved in any accidents and from disobeying traffic rules and regulations.
Also, the place where you live. If you live in a populated area where the chance of getting involved in traffic accidents or your vehicle being stolen or vandalized is higher, your rate of car insurance in Miami is also affected. Living in a place like that poses higher risk for auto insurance companies.
By the way, is your cousin a she? Because if she is a female driver, then that is good. Believe it or not but gender affects car insurance rates. Females are considered safer driver as compared to males.
And how old is your cousin? If she is younger than 25 and older than 65, chances are she might get higher car insurance rates. These age ranges are the ones who are usually involved in car accidents.
I assume that your cousin has credit cards. How good is her credit score? This is because, auto insurance companies in Florida are allowed to use credit history as one of the factors affecting car insurance rates.
For more information about car insurance in Miami, you can also contact the Florida Department of Financial Services.
Car Insurance In Miami Florida
Reader’s Question:
My brother just got promoted in his work and will be moving here to stay for good. He got some questions about car insurance in Miami Florida but I know so little about car insurance thingy. Please help. Thanks!
Edie
Miami, FL
Congratulations on your brother’s promotion! I’m hoping he’ll have a good stay here in Florida!
The requirement for car insurance in Miami Florida is simple. As you see, the state of Florida follows a no-fault system. This means that if you get involved in an accident, your own car insurance company will automatically pays for the damages on your part, depending on the limits that you have in your policy.
The minimum required limits fro car insurance in Miami Florida are as follows:
- For Property Damage Liability – $10,000
- For Personal Injury Protection – $10,000
You might be wondering what a Personal Injury Protection coverage is. This kind of coverage will pay for your own and your passenger’s medical bills. Meanwhile, Property Damage Liability coverage will cover for the damages incurred on properties.
I would also advise that your brother get additional coverage like Uninsured/Underinsured Motorist Bodily Injury. This coverage will back your brother up in an event that he got involved in a hit and run accident or with a person who does not have sufficient insurance coverage.
For additional information about car insurance in Miami Florida, you can check with the Florida Department of Financial Services. It’s also best if you can ask your car insurance agent for any inquiries you may have. Also, you can try checking the websites to get an estimate of car insurance rates in your area.