Insurance team has compared tons of insurance providers to rank the best of the best. Explore the top-rated options to find your ideal provider.

Insurance 101

Before you purchase insurance, here are some clarifying points to help you get started:

What types of insurance policies are necessities?

You can purchase insurance for most things, and many of those decisions will be up to your discretion according to what your needs are. However, there are a few that are considered necessities: Auto insurance, Health insurance, Homeowners/Renters insurance, and Life insurance. Any others would need to be considered carefully based on what you can afford.

Difference between deductable, premium, and copay?

These are terms dealing with health insurance. A deductable is the amount you pay out-of-pocket for medical services before your insurance policy kicks in. A premium is how much it costs for you to maintain your policy. A copay is the fixed amount you pay for a health care service, usually during a visit to the doctor's office or filling a perscription for medication. This is considered cost sharing – when both you and the insurer pay toward your healthcare expenses.

Are there instances in which insurance policy lines can get blurred?

In some cases, yes. For instance, sleeping in your car regularly isn't enough to make it a residence. But if you were to have someting like an RV – with areas for sleeping, cooking, and toilet facilities, it can then officially be declared a residence. At that point, you would need to get an additional homeowner's insurance policy along with your auto policy.

Does a good insurance policy cover everything from A to Z?

Even with as many insurance policies that are out there, chances are you won't find one that covers everything involving one particular area. For example, there are many health related services that are not covered through health insurance. Car insurance covers damages due to an accident, but it doesn't cover routine repairs. Damages brought on by earthquakes and floods aren't covered through homeowners insurance. This doesn't mean these policies are bad – it just means you have to choose wisely. Your goal should be to find the most comprehensive insurance policies in the most important areas for you.

Latest Insurance Articles

Average Home Insurance Costs

Whether you’re a longtime homeowner, or are shopping for your very first home, selecting home insurance is one of the…

Elizabeth Rivelli
Oct 14, 2019
States Where You Should Statistically Increase Your Auto Insurance Coverage

In 2017, there were more than 6.4 million car accidents in the United States.  Thankfully, less than 1% (0.53%) of…

Drew Page
Oct 14, 2019
Rideshare Insurance Options for Uber and Lyft Drivers

Ridesharing has become a popular way to get around but also a way to make extra cash. If you are…

Drew Page
Oct 9, 2019
60+ Texting and Driving Statistics and Facts

In recent years, people all across the country have shifted their attention to the dangers of texting and driving.  This…

Drew Page
Oct 4, 2019
35+ Drunk Driving Statistics and Fatal Facts

With over 221 million licensed drivers on the road in the U.S., enforcing road safety is more imperative than ever.…

Drew Page
Oct 7, 2019
Root Car Insurance Review 2019

Root Car Insurance is making waves in the car insurance industry as a car insurance smartphone application, where insurance rates…

Jenna Tropea
Sep 27, 2019