Nine Ways To Lower Your Auto Insurance Costs Written by S. Nicole Thomas
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comprehensive coverage's on cars worth less than $1000 because any claim you make would not substantially exceed annual cost and deductible amounts. Auto dealers and banks can tell you worth of cars. 4. ELIMINATE DUPLICATE MEDICAL COVERAGE'S. If you have adequate health insurance, you may be paying for duplicate medical coverage in your auto policy. In some states, eliminating this coverage could lower your personal injury protection (PIP) cost by up to 40%. 5. BUY A "LOW PROFILE" CAR. Before you buy a new or used car, check into insurance costs. Cars that are expensive to repair, or that are favorite targets for thieves, have much higher insurance costs. Write to Insurance Institute for Highway Safety, 1005 North Glebe Road, Arlington, VA 22201 and ask for Highway Loss Data Chart. 6. CONSIDER AREA INSURANCE COST IF YOU ARE MAKING A MOVE. Costs tend to be lowest in rural communities and highest in center cities where there is more traffic congestion. 7. TAKE ADVANTAGE Of LOW MILEAGE DISCOUNTS. Some companies offer discounts to motorists who drive fewer than a predetermined number of miles a year. 8. FIND OUT ABOUT AUTOMATIC SEAT BELT OR AIR BAG DISCOUNTS. You may be able to take advantage of discounts on some coverage's if you have automatic seat belts and/or air bags. 9. INQUIRE ABOUT OTHER DISCOUNTS. Some insurers offer discounts for more than one car, no accidents in three years, drivers over 50 years of age, driver training courses, anti-theft devices, anti-lock brakes and good grades for students.
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| | College Savings Plans – are they the best choice for my child?Written by Vanessa McHooley
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The money in a College Savings Plan is controlled by account owner, not child. So if child decides to not go to college, they do not have access to funds. Instead, account owner can get his or her money back (with income taxes and a 10% penalty owed on earnings) or transfer funds to another family member. Impact on eligibility for need-based financial aid College savings plans have a low impact on financial aid eligibility because they are considered an asset of account owner (usually parent), rather than student. Choosing a plan Most states have their own College Savings Plans, but you do not have to enroll in plan in your state. Look first at plans in your own state, especially if they offer tax advantages. Other factors to consider as you compare state plans are expenses and investing options. Prepaid tuition plans Another type of Section 529 plan are prepaid tuition plans. Prepaid tuition plans are guaranteed to increase in value at same rate as college tuition. So, if you purchase shares worth one semester of tuition at a state college, those shares will always be worth one semester of tuition, even 10 years later when tuition rates have doubled. These plans offer basically same tax and contribution benefits as College Saving plans, and they are guaranteed by government. However, because prepaid tuition plans are considered a resource, they reduce need-based financial aid dollar for dollar. Therefore, families that expect to qualify for need-based financial aid should avoid prepaid tuition plans and invest in college savings plans instead. Another alternative is to roll prepaid tuition plan funds over into state's 529 college savings plan before college begins. There are many advantages to college savings plans; however, there are many ways a parent can help a student pay for a college education. Make sure to research as many avenues as possible to make most informed decision on how to pay for school, and you could end up with optimal college funding solution. This article is distributed by NextStudent. At NextStudent, we believe that getting an education is best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about how to get College Savings Plans at http://www.NextStudent.com .
My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.
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