Auto Insurance Quote NJ – These 14 Questions Could Save You $487 Per Year

Auto Insurance Quote NJ – Compulsory InsuranceTwo choices drivers have when buying insurance in New Jersey:Basic Policy – includes $10,000 coverage for injury/death and $5,000 for damage of property.Standard Policy – includes Bodily Injury Liabilty of $15,000 per person, $30,000 per accident, Property Damage Liability of $5,000, covers uninsured and underinsured driver for $15,000 and $15,000 for personal protection.Auto Insurance Quote NJ – Liability Coverage to ConsiderIf a new vehicle costs about $28,000, a multiple car collision may result in injuries and damages that could exceed $100,000. Clearly, NJ minimums are inadequate.Recommended basic minimums:$100,000 physical injury for every person$300,000 physical injury for every accident$100,000 damage of property$300,000 uninsured or underinsured driver$250,000 personal injury coverageAuto Insurance Quote NJ – Optional Coverage to ConsiderWhat about the damages to your vehicle? Consider these optional coverage.
Collision – Pays for damage to your vehicle.
Comprehensive – Pays for losses to an insured car due to fire, theft, or other losses that are not the result of a collision.
Gap insurance – Covers the difference between what the car is worth and what you owe on the car. It provides valuable protection during the early years of your car’s life if you have a loan or a lease.
Vehicle rental – If your vehicle is inoperable because of accident, it pays for rental vehicle.
Towing insurance – Covers the towing services for your car if immobilized. No need to get this, if your auto club or credit card provides it.
Auto Insurance Quote NJ – Confirm Financial ResponsibilityIn New Jersey, your car insurance company must compensate for any damages brought about by the accident involving your vehicle no matter who caused the accident.Auto Insurance Quote NJ – Don’t Drive Without InsuranceWhen driving always take your insurance card. Otherwise, you will be penalized if cannot show proof of insurance.First offense – You lose your license for a year, pay $300 in fine and community service.Second offense – You lose your license for two years, pay $500 in fine, 30 days community service and jail sentence of 14 days.Auto Insurance Quote NJ – Analyze and SaveCompare three to five quotes and see which one is best compared to your current policy. You may use Quote Wizard and 2Insure4Less for online inquiries. Fill up their online form and they will email 4-5 quotes to you. Drop the two pricey ones and compare the remaining quotes and your current policy.Auto Insurance Quote NJ – Important QuestionsReview following questions on availing discounts.* Should you increase your deductible to $500 or $1,000?* Is it reasonable to lessen the personal injury coverage of your policy if it is covered by your health insurance?* Are you qualified for long-term discount?* Does the company offer discount if…- you have no accident record in more than three years?- you have no ticket violation for the past three years?- you took up a driving course?- you took up a course on defensive driving?- your car has safety devices?- you ensure multiple cars?- you purchase auto insurance and other types of insurance from that company?- daytime running lights were mandatory?* Do you qualify for low mileage discount if the vehicle is seldom used?* Airbags discount?* Any member of the family who goes to college and resides away from home?Call the insurance company to inquire of any discount not listed on the quotes. Do not hesitate to ask suggestions regarding additional discounts.If you use your list wisely, you can make a wise and informed decision. Good work!

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How to Make Money Investing If Clueless

Would you rather make money by working the rest of your life or make money investing the dollars you have accumulated? As they say, you can either work for it, or you can make your money work for you. There is only one problem with the obvious answer here: most folks are somewhat clueless, and to make money without going to work you first need to learn to invest. Let’s get started.In order to make money investing over the long term your goal should be to make your money grow at a rate that at least outpaces inflation and taxes. Otherwise, you’re not getting ahead; you’re treading water at best. You must first understand that growth is the objective, and then you need to learn to invest money so you can put it to work. There is no secret formula to make money investing, but there is a shortcut if you really want to learn to invest, especially if you sometimes feel clueless.Here’s why people feel clueless: they don’t know what their choices are or what to look for when investing money. These are the basics, and until you understand them your odds are poor if you want to make money investing over the long term. Plus, you will likely never feel comfortable, especially if you’ve lost money in the past. It is very difficult to learn to invest piecemeal… picking up one nugget of information at a time. The pieces of the puzzle just won’t ever seem to fit together.So, here we start at the beginning, the ground floor. This is your shortcut if you want to learn to invest money with a firm foundation so that the pieces of the puzzle start to fit together and make sense. There are only four basic choices that any of us have, and if you want to make money investing over the long term you should get a handle on all four of them. Here they are in order of least risk (with lower profit potential) to higher risk (with greater profit potential): cash & savings, bonds, stocks, and alternative investments. That’s it.The first choice simply pays interest and features safety. Think of checking accounts, savings accounts, CDs, T-bills and money market funds. The second choice offers higher interest income with moderate risk. Here we have Treasury bonds, municipal, corporate, investment grade, junk and a multitude of other bonds as well as bond funds. If you want to make money investing without too much risk you should include both of these safer choices in your portfolio.Your third choice is stocks, your primary growth engine, and it obviously involves risk. You make money in stocks through price appreciation (rising stock prices) and from dividends. Here you find terms like blue-chips, high quality, low-priced, growth, growth and income, industrials, financial, high-tech and so on to describe them. You don’t really need to learn to invest in individual stocks; you can go with stock funds and let them do the stock picking for you. But if you are going to achieve growth, stocks can not be avoided.The fourth category of choices is growth oriented and risk can be significant as well. Some professionals in the financial services business ignore it or consider these alternative investments unnecessary. The list is long, but think: real estate, natural resources, gold, silver, oil, and other commodities like aluminum and copper. I feel that if you ignore these choices, you’re missing out on the opportunity to make money investing when the likes of stocks and bonds are out of favor. The good news: you don’t need to learn to invest in real estate, gold, oil and so on. Mutual funds are available that do the heavy work for you in all of these areas.Now you know your basic choices. The next step is to ask a few basic questions, and here are some questions you need to ask anytime you consider making a specific investment in any of the four basic areas. Ask about: liquidity, safety, income, growth potential, income taxes, and the costs involved. Ask yourself and then find the answers, or ask the person (like a financial planner) who is making a recommendation to you. Never ignore the costs involved. You are trying to make money investing. High costs only work against you.You can’t learn to invest money by reading one article, but you can get pointed in the right direction. That’s what I have tried to do here by starting at the beginning. Once you have a handle on the basics, it’s a whole lot easier to learn the rest. Don’t give up, and stay focused on your objective: to make money investing so you don’t need to work for the rest of your life.

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Your Guide to Selecting the Right Student Credit Cards

When your child goes off to college, many financial decisions must be made, but one consideration that is frequently forgotten is applying for student credit cards. The topic of selecting the best card for your college bound child is one that is often overlooked – and many parents wonder if they should co-sign on a card to ease the budget burden for housing, food and spending allowances, tuition, and books.Obtaining the best credit card for a college student, who is now considered an adult, can be very beneficial in building up the student’s credit score. In most cases, banks will issue a card to a student who is under the age of 18 only if the parent co-signs on the card. Once the student is over the age of 18, he can likely apply for – and receive – a card on his own.Various Advantages of Choosing the Best Student Credit CardThrough this process of establishing a good credit rating, the student would be able to obtain larger amounts of credit upon graduation, which might include a mortgage on a home or a new car. Being required to pay regularly teaches the student the responsibility of managing credit, an important lesson in today’s high credit society. The best student credit card will reinforce these values and help students learn to manage their resources constructively.In addition, students will learn to budget their money accordingly in order to pay the monthly bills and avoid credit card debt, and you as the parent can see if your child quickly establishes good spending habits and practices. If worse comes to worst, the low limit credit card balance can be paid off, and you can revoke your child’s spending privileges. Of course, in the best case scenario, your child uses the card responsibly, establishing an excellent credit rating at the same time.Other Lessons to Learn from a Credit CardMoreover, student credit cards can offer the student fraud or refund protection. This security net can help prevent a student from getting ripped off in Internet scams or by identity thieves who are eager to prey on a student’s vulnerability. Also, the best student credit card will offer extended warranty protection over and above the standard warranty that comes with the product that he buys.Student credit cards can serve as documentation of what your child is spending money on, making the card extremely helpful for tax purposes. The credit card, after a careful review from both of you, should, after all, be a learning process and a fun experience.Rewards and Benefits of Having a Credit CardMost student credit cards offer some type of rewards program, and the best student credit card rewards program will offer a cash-back incentive. By using charge cards, your child is actually receiving a cash savings, ranging from 1% to as high as 5% on certain purchases.Additionally, in case of an emergency, student credit cards serve as excellent sources of protection. Your child may not always have cash on hand or money in the bank to pay for emergency purchases like car repairs or school supplies. While your child is away, it’s comforting to know he or she can always use the card should an emergency arise.How to Choose the Best Student Credit CardThere are numerous credit cards designed especially for students, and, typically, the best card will start with a low credit limit of $500 or less. You could also consider a secured credit card, which would require the student to deposit cash in an account in advance, and then only permit charging up to this amount. Once this amount is depleted, it would need to be replenished prior to allowing the student to charge anymore on the card.Deciding how to choose the best student credit card depends upon the needs and budget of your child. Sitting down and discussing the responsibility that comes with having a credit card is a necessity. Try to gather some material and review options in order to choose the best student credit card that satisfies both of you. Of course, as the student maintains a good payment record, the credit limit will increase and the secured credit card can be converted to a regular credit card.Made Your Decision? Sign Your College Student Up for a Credit CardTypically, the application process for student credit cards is easy. The application should inquire which educational institution your child attends as well as confirm he is a college bound student. There are several student credit cards from which to choose, and many will be happy to help you through the process. By giving your college student the responsibility of a credit card, you are giving him or her a sense of pride. Our best advice in using a student credit card is to spend wisely and pay in a timely manner!

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