Auto Insurance: Expectations vs. Reality

When most of us shop for auto insurance, we expect to get all the coverage we want for an affordable price. When reality doesn’t materialize, we are often left confused and disappointed. There are many factors and variables that go into determining how much you will pay for your auto insurance. It’s a good idea to explore the realities of the different factors that affect how much you’ll pay for car insurance so that you’ll know what to expect and how to navigate your choices. 

Factors that Affect Insurance Rates…

Yes, this is true. The team at THINK Insurance & Financial Services of Pomona, CA understands this. However, they understand what variables affect how much a diver will pay. If you’re a driver under twenty-five, have numerous traffic violations, live in an urban area, or drive a luxury car, what you pay for car insurance will more than likely be impacted by these factors. 

Why Do These Factors Matter?

As you explore the reasons for a great increase, it becomes clear that certain things may raise risk factors. For example, living in an urban area increases the likelihood of car accidents and theft.  Drivers under twenty-five are typically more inexperienced drivers, which typically puts them more at risk for potential car accidents. Motorists who own and drive luxury cars usually pay higher insurance rates than people who drive cars that have higher safety ratings and lower replacement or repair costs. logically speaking, most of us understand that numerous tickets and traffic violations make us an obvious risk, and as a result, often affect what we’ll pay for car insurance. If you’re a motorist that has questions about what factors may affect your insurance rates, give us a call. Were here to help. Our team at THINK Insurance & Financial Services is committed to helping motorists navigate car insurance and find the best rates and the best types of coverage for their unique situation. 

What to Look for in Health Insurance for Pre-Existing Conditions

If you or a closed loved one has a pre-existing condition, you must have health insurance.  However, when looking for health insurance, you have to find one that effectively meets your family’s specific health needs.  Our agents at THINK Insurance & Financial Services serving the Pomona, CA area could work with you to find the best plan that could cover you and your family’s health conditions.

Find a Reasonable Plan

In California, there are various types of health insurance plans.  There are HMOs, PPOs, and plans for people with low-incomes.  However, if you have a pre-existing ailment, it’s important to find one that could cover your condition.  In 2014, California law made it illegal for an individual health plan to deny coverage or charge high premiums because of a person’s condition.  So the state created a marketplace called Covered California that helps you determine if you qualify for a program that meets your needs and finances.

Two Programs for People with Pre-Existing Conditions

When finding a health insurance plan that fits your health situation, you could also try looking at special programs.  California has created a couple of programs for people with pre-existing conditions who can’t get a regular plan.  One of those is known as the Major Risk Medical Insurance Program (MRMIP).  This insurance program is state-funded and does sometimes have a waiting list due to limited funding.  Those who qualify for the program participate in paying monthly premiums to cover its cost.

Contact us for help in Finding a Plan

Finding the right plan for you or your family member’s pre-existing condition takes a lot of work.  Let one of our trusted insurance agents at THINK Insurance & Financial Services assist you.  Contact us regarding what policies are available today.