Readers Question:
Hello! I am from Richmond, Virginia. Im a new driver and I need to get auto insurance in Virginia. Can you give me some information about auto insurance here?

Thanks!
Carrie
Richmond, VA
Hello Carrie. I know you feel somehow confused. When I first bought my auto insurance in Virginia I dont know where to start. So the only thing that helped me a lot is to ask every question I can think of about auto insurance.
One of the most important things that you need to know about auto insurance in Virginia is what is required by the law. The state of Virginia requires that every driver be financially responsible in an event that he or she caused an accident. So in general, drivers choose to get auto insurance. The minimum auto insurance limits in Virginia are as follows

$25,000 for bodily injury for every person for each accident
$50,000 for all bodily injuries for each accident
$20,000 for property damage
Another important thing that you need to know is how to get auto insurance in Virginia that is within your budget. Here are some of useful tips in getting cheap auto insurance that works all the time for me

Increase your deductible to lower your auto insurance rates.
If you are insuring more than one vehicle, ask for multi-vehicle discount from your insurer.
If you have home insurance, getting auto insurance from your home insurance provider will give you a discount too.
If you do not use your vehicle that often, you may qualify for a low-mileage discount. Ask you insurer about that too.
Make your vehicle safe as possible. Installing safety feature devices like airbags, automatic seat belts, anti-lock brakes could also give you auto insurance discount.

pstrongReaders Question:/strong/p
pWhat kind of life insurance is the cheapest? And where can I buy one? Also, is it wise to buy life insurance for myself even if I dont need it for life?/p
pbr /
Jade C./p
pChesapeake, VA/p
pbr /
There is no reason to hesitate on a life insurance policy even if you dot plan to keep it forever. In fact, a big percentage of life insurance policyholders only hold temporary or Term life insurance policies. Not surprisingly, as this type of life coverage tends to be the simplest and cheapest. It doesn’t have any cash value or savings feature that makes for expensive premiums, and there are no complicated investment mechanics to learn as well. This is why term life insurance is very popular, since a lot of people only need coverage for a certain period of time such as while raising a family, putting up a business, or paying long-term debts like mortgage or loans./p
pNo doubt, these days you can find and buy the cheapest life insurance policies on the Internet. With more insurers moving a big portion of their business online to catch a bigger share of the market, it is now easier for people to choose the best life insurance coverage available. Increasing competition, a struggling economy, and the fact that people are living longer now have all helped to push life insurance rates to an all time low./p
pIt’s highly recommended that you use one of the many dedicated life insurance websites and portals to access the latest rates and offers in the market today. This allows you to compare your options more effectively, therefore increasing your ability to spot and buy cheapest life insurance coverage there in Virginia. In fact, this website is one such portal where it only takes minutes for you to get the best life insurance policy, and help you save hundreds of dollars annually./p
pConsider ending the smoking habit, as a smokers rate is 3 to 4 times higher compared to a non-smoker. A lot of insurers also offer discounts or perks for paying a full-year in advance. Also strive for a healthier lifestyle and avoid hazardous activities to keep your premiums from increasing over the long run./p

Reader’s Question:

Would I be better off with a level term life insurance policy or should I go with a yearly renewable policy here in Virginia?

Ingrid

Chesapeake, VA

Very interesting question! And I believe the best way to answer this would be to determine exactly how long you will need to maintain the life insurance policy that you plan to get there in Virginia. If you are looking to get long-term life insurance coverage (more than 20 years) then it would be more practical to go with a level term life insurance policy that also has a guaranteed renewal feature. This would be good for people who are looking into getting insured in their 20′s or 30′s and might be supporting a family or paying long-term financial obligations (student loans, mortgages etc.), and still expect themselves to be relatively healthy by the time the policy period is up, so that they can still pass any pre-requisite medical screening to qualify for low rates if they still want to renew the policy.

For those who only need to get life insurance for five years or less, you may save more money on a yearly renewable term life insurance since rates start-off very low during the initial stages of the policy. You can then just decide to cancel the policy once you no longer need coverage and before the life insurance provider starts raising your premiums. Be careful though since some policies can only grant full death benefits once you have maintained the policy for a certain number of years.