Archive for April 2020
Young Drivers: What is an Instruction Permit?
The Instruction Permit is Also Called a Learner’s Permit Instruction Permit is a type of driver’s license for drivers between the ages of 15 ½ and 18. To obtain a learner’s permit, also called an instruction permit, you must pass a written test based on the Nevada Driver Handbook, instead of taking a driver’s education…
Read MoreHigh-Risk Drivers and High Insurance Costs in the State of Nevada
In the state of Nevada, one must abide by the driving laws to maintain a low insurance premium. Insurance companies will look at your driving record when determining a price for your monthly premium. High-risk drivers in Nevada include those who: Have tickets and a history of speeding or distracted driving Have been involved in…
Read MoreCar Insurance Specifics in Nevada
Auto insurance – All drivers in Nevada must purchase one from a licensed professional. By law, Nevada drivers must purchase car insurance. Cheap Las Vegas Insurance helps you get the best of discounts and coverage you need. Driver Education Credit – If you are 55 and older and if you successfully complete a driving…
Read MoreHigh vs Low Deductibles
What is a Deductible? A deductible is the amount of money the insured is required to pay before his/her insurance begins covering the costs. For example, if you were in a car accident and the damage totaled to $8000 and your deductible was $1000, this means that you would pay the first $1000 of the…
Read MoreWhy Deductible and Is There a Way Around It?
A deductible is the amount of money you agree to pay as your share of the cost of a claim before the insurer is committed to paying the rest of the claim. Deductible helps mitigate the moral hazard in insurance. This means the risk that the policyholder may not act in good faith. So, deductible…
Read MoreCar Insurance Terms Explained
How to Read Your Car Insurance Policy Additional insured – a person is covered by an insurance policy that is different from the policyholder, typically all household members with driver licenses apart from the primary driver. At-fault accident – An accident that you cause, either through an act of your own or by…
Read MoreWhat are the Benefits of Using an Independent (Broker) Insurance Agent
It’s common sense that when looking for insurance, buying directly from an insurer is likely cheaper and less time consuming because it’s the most “direct” approach. However, is it always the best choice? For one, it can be very time-consuming to get to know what every insurance company offers, its solutions, prices, and terms and…
Read MoreTypes of Professionals That Typically Sell Insurance
There are three main types of professionals who sell insurance: Captive agents (Exclusive agents) – and they are contracted to work for one insurance company and can only sell that company’s policies. They are salary or commission paid, or a combination, but in any case, they are paid by the insurance company. Independent agents (brokers)…
Read MoreHow to Save Money on Your Car Insurance
Six Ways to Save on Your Car Insurance 1. Shop around and visit a broker Brokers often work with several different insurance companies and can offer you the best price for the coverage you need. Selection Insurance Agency is such an independent broker agent that will shop around many insurers in order to find the…
Read More