Category Archives: Insurance

How to Find a Deal on Your Car

Are you interested in buying a new car (or a new-used car)? If you are, I would guess that you’d like to find the best deal possible on the car you want. But, before you start randomly searching for cars, it would be best to research a handful of cars that would really fit your wants and needs.

Also, before you decide on the couple of cars that are right for you, you’ll want to find out how good they are on gas and how high the insurance typically is. Even if you find a great deal on a car, it might eat you alive when it comes to fuel and insurance expenses. Suddenly that great deal will turn into a nightmare of a liability for your checkbook. To be sure, check motor trade insurance from Flint & Motor traders insurance.

Follow these tips, and you’ll find a great deal on your next car:

1) Never Buy From the Dealer – Unless the dealer is your dad, you’re going to be paying a premium on every car on the lot. Just think about it. They need to sell their cars for at least a thousand bucks more than they paid for them just to survive. That’s their only means of income, and you’re the one that is going to keep their business going. It’s a much better idea to buy a car from a private party.

2) Don’t Be Afraid of a Long Distance Purchase – Ever hear of the book “The World is Flat?” If not, it basically talks about how our world is becoming more global every day. The barriers are coming down and everyone in the world has access to make a purchase over a thousand miles away. While the book didn’t specifically talk about car purchases, it absolutely fits the premise. When I used to search for a car, I would check to see what was within 50 miles of my house and then find buy the car that was the best deal, but why not search 1,500 miles away? A plane ticket only costs a hundred bucks one way. You could get most of the details over the phone and through email, then go take it for a test drive when you get there. If it purrs like a kitten, drive it home. Do this and you’ll probably pay $1,000 less than any car in your local area.

3) Check Craigslist – If you’re afraid of buying a car from the other side of the country, then by all means, check for vehicles in your local area on Craigslist. There are still deals to be found, but you’ll need to be more vigorous in your search. To find the best deals, try to find those cars that are owned by people that just want to make $500 more than their trade-in offer (so they don’t feel like they’re getting ripped off). They’ll be happy to sell it to you, and you’ll be getting a great deal compared to the standard retail price.

4) Check the Country Roads – There are still some non-Internet people out there that sell things by putting them alongside the road. Since they don’t list their car online, they most likely have much fewer interested parties looking at it. With less interest, the greater chance you have to haggle and get yourself a deal.

5) Look in the Newspaper – The newspaper is a terrible place to advertise your car today because no one looks in the paper anymore! But, as a buyer you might be able to get a great deal because of the fewer number of parties that will see the ad. When sellers don’t receive many phone calls, they might assume that they are asking too much for their car and be quite willing to lower the price.

Headlines & Prison Cells: Infamous Tales of Insurance Extortion

Fake deaths, bank rolling on national tragedies, and “Excuse me! Waiter! There’s a mouse in my soup!” — believe it, or not, there are some truly outrageous ways people try to extort money through bogus insurance claims that ultimately result in federal prison sentences. Moreover, these infractions result in higher premiums for you law-abiding types, as insurance companies have to recoup their losses somehow—unfortunately, this comes out of your pocket!

Out of thousands of attempts, here are three of the most outrageous insurance claims to ever make the headlines, as well as fill out prison cells.

1. “There’s a Mouse in My Soup!”

At a Cracker Barrel—a restaurant native to the southern U.S.—a woman by the name of Carla Patterson brought the roof down in a full-blown Academy Award winning performance after she allegedly found a mouse in her vegetable soup.

Unfortunately, no golden statues or $500,000 insurance settlements—the amount she tried to extort—were issued as an autopsy on the mouse was ordered. Yes, a mouse autopsy. Results from this test revealed that the mouse didn’t have a trace of soup in its lungs and showed no signs of having been cooked by scalding hot soup.

Sadly, this woman attempted this with the help of her son, landing them both in prison.

2. When National Tragedies Become… Opportunities

Shortly after the terrorist attack that leveled the Twin Towers on September 11, 2001, a man by the name of Charles Gavett — from Pike County, Georgia — reported to authorities that his wife had been present in the towers and had been killed. Of course, she was very much alive and was in on the whole thing, as the couple wanted to collect on her term life insurance policy.

In the wake of such a massive tragedy, with so many lives lost, they could have gotten away with it, and would have, had a neighbor not spotted her in town and reported it.

Sadly, this was only the first of many 9/11 insurance extortion attempts; according to insurance companies, they flooded in at a record high.

3. It’s Hard to Fake a Death Without a Body… Or Is It?

Fugitive from the law, Clayton Daniels, and his wife Molly, decided to deal with his infraction by employing a full-scale, movie-like, disappearance act that would not only get him off the police radar, but let them cash in on his $110,000 life insurance policy.

In order to pull this off, they had to fake Clayton’s death, but how do you do that without a body? Well, they went to the cemetery, armed with shovels, and dug one up. The grave that they exploited was that of Charlotte Davis, an elderly woman, who then they dressed in Clayton’s clothes, placed in his car, set it on fire, and then pushed the whole sham off a cliff.

Suspicions, of course, mounted when the insurance company ordered a DNA test — which didn’t match up, of course — and an investigation of the fire, which proved that the fire had initiated from the driver’s seat. If that hadn’t been enough to solidify this couple’s fate, Clayton showing up again a few weeks later with a flimsy disguise — a mustache and dyed hair — as Molly’s new boyfriend, Jake Gregg, surely sealed the deal.

Amongst all these bizarre stories, we are actually trying to convey a message – insurance is no laughing matter! Always deal with trusted providers like Suncorp Life Insurance, where you can be sure you will get the right information so you can make the best decision for your situation.

How Much Do You Need To Save To Switch Insurance Companies?

I’ve had Progressive insurance for the past year and a half, but my car insurance policy is now up for renewal. I have not gotten into any accidents, so as expected, my 6 month premium has decreased a little each renewal period. I like that, but as a good personal finance blogger (and reader) should do, I checked out the competition to see if I could get a better deal.

Not Spending Is Different Than Saving

I’m not going to pretend I saved $400 on car insurance, the ads that many auto insurance companies put out are quite misleading. Very rarely do people actually save that much on their car insurance. Rather, people choose not to buy from the company that offers the higher price, which isn’t really saving, it’s just spending less (and there’s a big difference). Plus, choosing less coverage will also reduce your rate; that is just comparing apples to oranges. What’s worse, with this math, all car insurance companies claim to save their customers hundreds of dollars. That’s very unlikely!

New Customers Get The Best Rates

I know from my previous job at one of the major insurance companies that users who request quotes more than 6 months apart will be offered better rates. Why? Because new customers are offered lower rates as a way to try and get them through the door, and at least at our company, a “new” customer was defined as someone who hadn’t requested a quote in the past 6 months. Yes, that one day really could make a difference in your rate.

I waited the required 6 months and a day and then contacted several other companies, including GEICO. It turns out that for comparable insurance (actually, slightly more coverage), I am able to save $43 over the 6 month term.


car insurance

$43 over 6 months is not a lot of money. It’s just over $7 a month, which isn’t much to write how about, but the whole idea of paying a lot for insurance drives me nuts. I know I need it, but I’ve never used it before and the only way I’ll get my money’s worth is if I get into a big accident. Unlike phone insurance, we’ve got no choice here. Seems like a lose-lose situation there, doesn’t it?

In order to save $86/year on my car insurance, I spent about 10 minutes (who needs 15 minutes these days?) typing in my information, getting my quote, adjusting coverages, and purchasing. It was a very easy process, and anytime I can spend 10 minutes to effectively earn $86, I will!

How Much Do You Need To Save To Switch?

At what amount of savings will you switch your car insurance? For me, it’s around $40 for the 6 month term. Car insurance is one of the easiest things to switch, you simply receive a new card in the mail and stick it in your car, but the same cannot be said about cable or Internet service. For those, the hassle of returning equipment and setting up new service is quite often more costly than the difference in price.