New Study Shows Adding Teen Drivers Can Double a Family’s Car Insurance Premiums

Bad news for the parents of teenagers: A new study conducted by InsuranceQuotes.com, which was released on Monday, found that the monthly premium a married couple pays for car insurance can jump by as much as 80 percent once a teen driver is added to the policy. The good news, however, is that there is some…

ByFamily Resources Today

Auto Insurance

Red Car Auto Insurance Myth Debunked

There’s probably a pretty good chance you’ve heard the myth that red cars cost more to insure than vehicles of any other color. “For years there has been a notion that color plays a significant part in calculating insurance premium costs, many people believing that red cars cost more to insure because they are linked to…

ByFamily Resources Today

Auto Insurance

Allstate Now Offering Auto Insurance for Uber Drivers (Demo)

Allstate announced on Wednesday that it will now be offering auto insurance plans for drivers who pick up passengers via apps like Uber and Lyft. According to Chicago Business, the brand new Ride for Hire policy will come with a price tag of about $15 to $20 per month and will “provide coverage for drivers who…

ByFamily Resources Today

Auto Insurance

Experts Suggest Driverless Cars Could Slash Auto Insurance Rates

As driverless cars continue to become more and more of a reality, experts suggest that we could eventually see auto insurance rates begin to drop. A recent study by RAND Corp. found that the increased safety benefits from self-driving cars – which promise to come with a reduced risk of accidents – are likely to lead…

ByFamily Resources Today

Life Insurance

Advantages of a Group Policy

Often times, employees have life insurance automatically from their employer, or from a union or trade association. Having a group policy has a few advantages, comparing to an individual life insurance policy. First, you can get a lower rate for a given death benefit. That happens because the rates are averages weighted by people younger than you…

ByFamily Resources Today

Homeowners Insurance

New Federal Rules Make It Tougher to Get a Reverse Mortgage

Thanks to a set of new federal rules doled out earlier this week, it has now become a bit more difficult to obtain a reverse mortgage on your home. The good news, however, is that for those who do get them, they will have a lot less to worry about. According to the new regulations, potential…

ByFamily Resources Today

Homeowners Insurance

Report: Financial Sector ‘Rooting’ for Mortgage Rate Hikes

As mortgage interest rates continue to remain at historic lows, potential homebuyers are loving it and the financial sector is hating it. “There's virtually nothing in the financial services area that's benefiting from continued lower and lower rates," Barclays CEO Bob Diamond said at the Milken Conference in Los Angeles on Monday. “[We are] rooting for…

ByFamily Resources Today

Auto Insurance

Advance Auto Bringing Jobs

According to officials, Advance Auto Parts will be employing 600 workers in North Carolina by the end of 2017. Average pay for workers will be around $110,000 per year, and Governor of North Carolina says that the company could get over $17 million in tax breaks. Continue to original source

ByFamily Resources Today

Life Insurance

Insurance Companies Predicting Your Death

It is not a simple question to ask customers when they think they will die. Life insurance companies must take it upon themselves to determine when a potential customer will perish before they will invest. Companies compile large amounts of data in order to separate the healthy from the risky. This includes things like driving records,…

ByFamily Resources Today

Health Insurance

Five Tips for a Healthy Life

Creating a healthy lifestyle is not as hard as some may think. It does involve some preparation and thought, but it is definitely doable. Make it a habit to be active maintain a healthy body weight eat a variety of foods and plenty of fruits and vegetables watch your portion sizes and…

ByFamily Resources Today