Unfortunately, sixteen-year-old drivers have minimal experience behind the wheel; therefore, car insurance costs are usually quite exorbitant compared to older motorists. Although it may seem to be unfair to base rates simply on age alone, the fact of the matter is that these young motorists are statistically more at risk of being involved in a traffic accident than any other age group, for that matter. Rates are calculated by insurers based on risks; whether it is the driver or the automobile, statistics are taken into consideration when insurers develop premiums, and unfortunately, a newly licensed motorist is the riskiest to insure.

The main factor that makes car insurance for 16-year-olds is the statistics showing the high likelihood of them being involved in a collision. It is a well-known fact that traffic accidents are the number one cause of death for teenagers, but a driver under 17 is highly likely to be involved in a collision. Studies indicate that a motorist in their teens is four times more likely to be involved in a traffic accident but that a sixteen-year-old is three times more likely than a driver between seventeen and nineteen. For this reason, insurers feel it is necessary to charge this inexperienced driver more for automobile coverage; the chance of paying for a loss is much higher than in any other age group.

Find Ways to Lower Your Vehicle Insurance Premiums in AZ

The most common way motorists abide by the Financial Responsibility Law is to purchase a policy from a licensed Arizona auto insurance company. For this very reason, motorists must understand how to find the cheapest rates to keep the cost of coverage as low as possible to maintain continuous protection and state within the state’s legal requirements. AZ requires that motorists carry policies of no less than Bodily Injury Liability of $15,000 per person, $30,000 per accident, and $10,000 for Property Damage Liability. If an individual does not do the necessary homework and take the time to understand how to lower premiums, they can end up paying far more than they should for a policy.

All policies purchased in Ohio must meet the state’s financial responsibility requirements by including bodily injury liability with limits of $12,500 for a single person and $25,000 per accident, as well as $7,500 for property damage liability. However, by shopping around and comparing rates from numerous sources, residents may find affordable plans that include even higher limits, allowing a motorist to be better prepared for more severe accidents. In order to help maximize the efficiency of a search, residents are encouraged to complete an online quote comparison that is designed to produce potentially dozens of quotes in a short amount of time. Apart from comparing estimates, a variety of details could assist an OH resident in purchasing a policy and ensuring that one’s rates remain adequately low.

Of the 11,536,500 people inhabiting the Buckeye State, over 7,937,490 are licensed motorists. But to become one of these people, a driver must first buy enough Ohio auto insurance to meet state financial responsibility (FR) requirements. However, a policy that provides a sufficient amount of vehicle protection and remains affordable is still possible with a bit of research and a small amount of help from the World Wide Web. Before making a purchase, motorists must be aware of the various details of creating a vehicle protection plan, including how to shop around for the lowest prices, choose a project with the right coverage, and avoid purchasing an overly expensive policy.

The amount of automobile protection a person can purchase is often very extensive. If needed, a motorist may wish to purchase rental or medical coverage to pay for any potential medical expenses due to an accident up to the policy’s limits or have rental charges reimbursed. At times, choosing exactly which additions to a policy may warrant extensive thought, though assistance in finding the right amount of automobile protection is often available. Many state departments, such as the Michigan Department of Energy and Labor Economic Growth, provide helpful Information on Purchasing auto insurance to assist residents in determining how much coverage to obtain. By utilizing such resources, a motorist has a better chance of purchasing a policy that offers sufficient protection.

Additional Forms of auto insurance Coverage: Many states only require residents to purchase liability insurance, but this coverage does not pay for damages to a policyholder’s own vehicle. Because of this, many motorists choose to go beyond the state requirements and purchase additional forms of protection. For example, adding collision coverage would handle many of a motorist’s repair costs associated with an automobile accident. Collision coverage is also typically coupled with comprehensive protection, which covers damages sustained by the policyholder’s vehicle outside of an accident, such as damage caused by fire, falling objects, or striking an animal while driving.

Many people require different levels of protection while operating an automobile, and often this amount is based on the vehicle being insured and the motorist’s place of residence. Although the recommended auto insurance coverage differs for most people, motorists are generally encouraged to pursue a policy that offers the most significant amount of protection for the most affordable price. Shopping around for the lowest prices or completing a quote comparison is an excellent way to pursue a plan because it allows motorists to find the more affordable insurers and then investigate which policies offer the greatest amount of protection

For many people, automobile insurance is essential to owning and operating a motor vehicle. Motorists typically purchase policies to have some protection against costly vehicle-related expenses as dictated by the terms of a policy. However, in many states, protection plans of some form or another are even required by law to register a vehicle, and additional forms of coverage may be highly recommended based on a person’s location or personal information. Becoming familiar with state requirements and vehicle-related statistics can be very helpful and influential in the type of policy a person purchases. Having adequate protection can be extremely helpful; being caught with less than a sufficient amount could lead to costly expenses after an accident.

Purchasing a policy that includes coverage for various situations can offer an NC motorist more protection and peace of mind. Adding comprehensive collision coverage, for example, can cover an entire assortment of damages that could befall a policyholder’s automobile. Comprehensive collision coverage includes damages that may have occurred during a collision with another vehicle up to the policy’s limits and damages that may be caused by accidents not associated with striking another car. For example, comprehensive coverage may encompass damages from fire, flooding, falling objects, theft, vandalism, or striking an animal. Residents should be aware that damage caused by striking a larger creature can be both extensive and costly.

According to the NC Department of Transportation, over 58,460 North Carolina Animal Related Crashes from 2007 to 2009 amounted to over $126,915,922 in damages. In Wake County alone, there were over 1,110 animal-related accidents in 2009. For example, if a resident were to strike a deer, having an automobile protection plan that does not include such coverage may amount to expensive repair costs. Because wildlife on NC roads is relatively common, residents are encouraged to compare quotes that contain the necessary levels of protection to find an adequately priced policy that still provides coverage for various situations.

According to the Vehicle Financial Responsibility Act of 1957, all North Carolina motorists must have minimum liability insurance, make a cash or bond deposit with the State Treasurer, or have a certificate of self-insurance. Most residents purchase a protection plan from a state-approved coverage provider to meet this requirement. Still, drivers should know you may need more than the minimum liability. An NC motorist may be expected to pay an array of expenses after an accident or vehicle-related incident, and not having the proper coverage could be financially devastating.

Purchasing a plan that offers more significant amounts of protection can be relatively inexpensive. Often, motorists can find cheap auto insurance in NC that offers more extensive coverage with little effort and a quick online quote comparison. For example, one of the simplest ways to improve coverage is by increasing liability limits. This can typically be done for only a few extra premium dollars and can provide considerably more protection. Individuals looking to purchase a policy may wish to complete a quote comparison with these increased liability limits in mind, looking for the absolute lowest estimates that include the most significant amount of protection. Although liability insurance is essential, it does not protect against damages to the policyholder’s vehicle. For this reason, many Tar Heel State motorists are encouraged to pursue additional forms of coverage.

Keeping North Carolina Handyman Auto Insurance Cheap — Obtaining affordable automobile coverage is a possibility for residents driving in the Tar Heel State. The National Association of Insurance Commissioners estimates that North Carolina is among the nation’s states with the cheapest average vehicle policy expenditures; however, there are actions that motorists can take to either decrease these prices even further or keep them from climbing too high in the future. Because automobile coverage is mandatory, there are only two types of drivers within the state: those who already have a policy and those searching for one. Each of these can follow different strategies to obtain low-cost protection with little effort and only a tiny amount of time.

A resident searching for cheap NC auto insurance could easily find an adequate policy by completing an online quote comparison. Doing this gives the searcher rates from many different companies, allowing a motorist to choose the price and provider that is most appealing. Although shopping in this fashion is essential for coverage hopefuls, it also benefits individuals with a policy. Keeping up with current rates and providers gives motorists a better chance of maintaining a cheap policy because they can take advantage of any deals or special offers. Furthermore, insured and motorists seeking policies should take advantage of the many discounts insurers offer.

If you are building a career as a handyman, getting insurance may seem like something other than a priority. After all, you have many other expenses, such as tools, equipment, and vehicle maintenance. However, starting with some coverage is better than not having any at all, even if you have to stretch your budget. While general liability, commercial auto, and commercial property policies are all recommended for handypersons, liability coverage is the one you’ll want to focus on first if your business is on a tight budget.

“Handyman insurance” refers to commercial insurance policies explicitly tailored to handymen and handyman businesses. The most common type of policy included is general liability insurance (sometimes called handyman liability insurance). Still, policies like commercial auto, workers’ compensation, tools and equipment, and commercial property are also frequently included.

While insurance requirements vary from state to state, anyone working as a career handyman should consider having a few different insurance policies to protect themselves and their customers should anything happen on the job.

In California, a handyperson working on any project exceeding $500 must be licensed as a contractor. Similarly, in Arizona, a license is required if any project exceeds $1,000 in value or a permit is required.

Most states don’t have a specific license for becoming a handyman, and as a result, don’t have specific insurance requirements for handyperson businesses. However, certain states require handypersons to obtain a general contractor license if the size and scope of their projects exceed particular criteria. In these states, handypersons will be subject to the same licensing and insurance requirements as larger general contractors, which often involve securing a contractor’s bond, public liability insurance, and workers’ compensation insurance.

Handyman business owners typically purchase a combination of coverage in their insurance package, which includes: 

• General Liability: This can help protect you if bodily injury or damage to someone or their property occurs.
• Workers’ Compensation: This can help protect you if your employee has a workplace injury or work-related illness.
• Tools & Equipment:  This can help protect you if your devices are lost, damaged, or stolen
• Commercial Property:  This can help protect you if you own your building, lease property, or work from home.

Handyman insurance can cost as little as $51.67 per month, but the exact price will vary depending on your specific circumstances and needs. The kind of work you do, where you work, how many employees you have, and other factors will impact your customized quote.

It’s essential to provide the most accurate information about your business to ensure you get the right coverage for you so that your policy covers your claims and that any claim you might make is processed as quickly as possible.

An insurance company’s ability to pay claims without delay is always a top concern. Companies with healthy finances are less likely to encounter issues that may prevent them from meeting their obligations as insurance providers. AM Best has a tried-and-true formula to determine which companies are positioned for long-term success and which may have murkier futures.

This credit rating agency focuses specifically on the insurance industry and reviews various aspects of a company’s financial circumstances and creditworthiness to assign it a rating. The highest rating— A+ —indicates that the company has a “superior” ability to continue providing insurance to its customers and paying out claims. While customers don’t necessarily need to use an insurance company with the highest AM Best insurance rating possible, it’s generally advisable that they approach low-rated providers with some degree of caution.

A basic handyperson insurance policy may only provide general liability coverage for property damage, injuries caused to others while on the job, or claims of subpar work. But the many handyman insurance companies often offer add-on options to policies and endorsements to build out coverage as needed. In some cases, providers package together multiple forms of insurance—liability, property, and commercial auto, among others—into a single policy suitable for small business insurance needs.

Given the nature of the work, tools, and equipment coverage is a standard add-on purchase, as a more basic policy may need to cover the best handyperson tools. Contractors may also be able to purchase endorsements to protect against losses from business interruptions, equipment failure, and workers’ compensation claims. Some insurance companies may even offer disability insurance if a handyperson is seriously injured on the job and can’t work for an extended period. Because handyman and contractor businesses can vary so much in scale, business owners will always want to check that their insurance company can provide the right type and amount of coverage to meet their needs.

Running a contractor business comes with several handyman costs, so they may look for ways to keep expenses down any way they can, including with their insurance. Deductibles can impact the overall cost of handyperson insurance policy. The policy’s deductible is the portion of a claim the policyholder is responsible for paying before the insurance provider begins to cover any repair, replacement, or liability costs. If the cost to repair a damaged water pipe was $1,500, for example, and a handyman had a $1,000 deductible, they would need to pay $1,000, and the insurance company would pay the remaining $500.

Handyman insurance is an outlier in that $0 deductible options appear more common than other types of insurance. With a $0 deductible, a handyperson wouldn’t need to pay out of pocket when filing a claim. Still, they would likely have higher insurance premiums to offset the increased cost taken on by the insurance provider.

Handyperson contractors (especially sole proprietors) can not afford to wait for an extended period for an insurance payout if the equipment used every day is damaged or an angry customer wants money to repair property damage that occurred during a job. With that in mind, a speedy claims process can be necessary for people in this line of work because they can file a claim and receive approval as quickly as possible. Approval times on handyman insurance claims can vary across different providers, so it’s good for business owners to see if the approval windows suit their needs.

Insurance companies may also approach the claims process differently, allowing customers to file a claim online, over the phone, or with an agent, depending on the provider. Policyholders may even be able to file a claim using one of the best apps for handyperson business operations, but not all providers offer that support. Business owners may prefer one approach over others and want to check that their insurance company supports whatever claims process they would like to use.

When buying insurance, customers should shop around and get quotes from multiple providers before making a decision. Quote processes are far from uniform in the insurance industry, and customers will likely find that some companies offer a more streamlined quote process than others. Quotes can be done online, over the phone, or through an agent, but insurance companies may not always support all of these options. When looking for the best handyman websites for insurance, customers may want to prioritize quick and seamless online quotes. Business owners who would rather speak directly to a representative or agent for answers to questions and help to find the right policy terms may not need that capability.

Handyman insurance can benefit various businesses, from sole proprietorships to larger construction businesses. One of the perks of the best handyman insurance is that customers can often expand their coverage and customize it to fit a range of business conditions. By purchasing endorsements and policy add-ons, business owners can insure vehicles for transporting materials and equipment, any offices they maintain, and expensive equipment used on the job. Contractors may also buy workers’ compensation insurance or extended liability coverage if an employee or subcontractor gets injured on a work site. The degree to which these policy add-ons are available will vary from provider to provider, so handyman contractors will want to account for all of their business-specific insurance needs when vetting insurance companies to ensure their needs are covered.

The coverage amount indicates how much the insurance company will pay out on behalf of the policyholder on a claim. Insurance providers may offer a range of coverage amounts to choose from or set the same limit on every policy. Business owners must determine whether coverage amounts are based on the occurrence or aggregate limits when searching for the best handyperson insurance providers. An occurrence limit is the amount the insurance provider will pay per claim. In contrast, an aggregate limit is the total coverage provided across the policy term—usually a year, but that’s not always true.

Choosing the right coverage amount can be tricky if handyperson contractors forgo taking stock of their business assets and potential liability risks. Operating commercial vehicles, employing subcontractors, and using expensive equipment could raise liability risks. The more variables there are to account for, you may need more coverage. Coverage amounts will also impact the overall handyman insurance cost, so business owners will also want to keep that in mind.

Insurance companies often ask for the customer’s address or ZIP code when providing a quote. If the company doesn’t provide service to the customer’s location, it won’t be able to offer them an insurance policy.

Because handyman insurance, general liability insurance, and other forms of commercial insurance are, for the most part, not impacted by geographic constraints, they may be widely available across the country, but that won’t always be the case.

Even the best handyman insurance company won’t be much help if a handyman’s business is outside its service area. So, it’s always a good idea for potential customers to inquire about coverage areas from the outset, allowing them to check any unsuitable options off their list.