No Debt Plan » Insurance

Get Your Refund When Canceling Insurance

Kevin — Mon, 25 Apr 2011 11:30:04 +0000

When most people purchase homeowners, renters, or vehicle insurance they pay several months in advance. Paying month to month will increase your costs significantly. Buying 6 or 12 months at a time garners you a discount. I also prefer to pay up front rather than monthly because then I don’t have to think about paying [...]

Get Your Refund When Canceling Insurance is a post from No Debt Plan

Use Flexible Spending Account Balance by End of Year

Kevin — Thu, 30 Sep 2010 11:00:18 +0000

If your health insurance plan provides a Flexible Spending Account or FSA option I highly recommend you use it. You are getting a tax break for every dollar you put into the account. If you use those dollars toward eligible healthcare expenses then you never pay taxes on that money. Yes, you read that correctly. [...]

Use Flexible Spending Account Balance by End of Year is a post from No Debt Plan

What is the Difference Between HSA and FSA Accounts?

Kevin — Mon, 27 Sep 2010 11:00:23 +0000

My wife and I both work and our employers offer different health insurance plans. In fact our employer offered insurance plans couldn’t be more different. Her employer offers a “traditional” health insurance PPO plan with a decent monthly premium (in the $100 to $150 range for family coverage) and a $30 copay. She also has [...]

What is the Difference Between HSA and FSA Accounts? is a post from No Debt Plan

How I Saved $146 Per Year on Car Insurance

Kevin — Mon, 06 Apr 2009 14:25:45 +0000

(Photo by [177]) The money saving quest continues. First I saved $175 per year off of our DirecTV bill. Now we’ve saved $146 per year on car insurance. How to Save on Car Insurance There are four ways you can save on car insurance: ask for a discount from your current company switch to another [...]

How I Saved $146 Per Year on Car Insurance is a post from No Debt Plan

Switching Car Insurance Firms, But Considering One Thing First — And I Need Your Opinion

Kevin — Tue, 24 Mar 2009 12:28:36 +0000

I’ve had a recent rush of motivation to save money on things we pay for on a monthly, semi-annual, and annual basis. I’ve already cut $175 off of our TV bill for the next year. Cha-ching! This time I moved on to car insurance. Currently we are insured with Geico. We switched to them from [...]

Switching Car Insurance Firms, But Considering One Thing First — And I Need Your Opinion is a post from No Debt Plan

The Benefits and Costs of Having an Insurance Agent

Kevin — Fri, 06 Mar 2009 13:00:13 +0000

A few days ago I told you to ignore car insurance marketing pitches. One reader, Finance Nerd, commented: The benefit of an agent is not that they know your situation inside and out, it is that they are more likely to have your back if the insurance company denies your claim, or tries to lowball [...]

The Benefits and Costs of Having an Insurance Agent is a post from No Debt Plan

Ignore Car Insurance Marketing Pitches

Kevin — Wed, 04 Mar 2009 13:30:22 +0000

In the past, during good economic times, you would hear car insurance commercials that pitched the benefit of having a personal relationship with your insurance agent. State Farm used this heavily. Essentially they were admitting you might pay a couple of bucks more for that benefit, but because of the agent it was well worth [...]

Ignore Car Insurance Marketing Pitches is a post from No Debt Plan

The Perfect Day to Do An Insurance Documentation Walkthrough

Kevin — Sat, 27 Dec 2008 22:30:06 +0000

It’s the weekend after Christmas. Your home is likely full of new stuff. Gifts for the kids, gifts for each other. Random packages sent to you from distant relatives. If you are smart you’ve done a home inventory in the past. Now all of this new stuff is not in that documentation. It’s time for [...]

The Perfect Day to Do An Insurance Documentation Walkthrough is a post from No Debt Plan

More Coverage, More Risk, Less Cost

Kevin — Thu, 04 Sep 2008 14:29:30 +0000

This past weekend I finally got something done I had been meaning to change for quite some time: we made some changes to our car insurance. The main purpose of looking at our insurance was looking to lower our insurance premiums. I like who we have for insurance, and I realize you can always shop [...]

More Coverage, More Risk, Less Cost is a post from No Debt Plan

Accept Homeowners Insurance Increase?

Kevin — Tue, 19 Aug 2008 12:17:56 +0000

We recently got a notice in the mail from our homeowner’s insurance company informing us that they were increasing our coverage by 6%. The claim is that in the past year the cost to rebuild our house has increased by that much, thus the coverage is going up. However, even though our coverage is only [...]

Accept Homeowners Insurance Increase? is a post from No Debt Plan