How do you find the best auto insurance in Tulsa? Finding the best auto insurance in Tulsa begins with conducting thorough research regarding various policies available. By working with Tulsa Insurance Guy, you can access the best auto insurance rates that protect you and your family while you are on the road. 

Navigating various auto insurance policies can be quite a time consuming and confusing task. With the help of this step-by-step guide, we hope that your next auto insurance experience is simple and straight-forward. Keep reading to learn more about finding the best Tulsa auto insurance policy for your family!

Steps to Finding the Best Tulsa Auto Insurance

Like many things in life, finding the best Tulsa auto insurance policy takes time. However, if you follow these steps for success, you will find a great policy that fits both your needs and your budget.

Research Auto Insurance Agents in Tulsa

The first step to finding the best auto insurance in Tulsa is to research various auto insurance agents in Tulsa. While there are countless insurance agents, it is important to work with a team of experts who truly have your best interest in mind at all times. 

Tulsa Insurance Guy has access to auto insurance policies from over 80 nationally recognized insurance companies. They work to provide each client with the best rates. In most cases, they save clients an average of up to 28% off traditional rates.

Personal Referrals

When you are beginning your search for an insurance agent in Tulsa, you may wish to ask your friends and family members for personal referrals. This is a great place to begin generating a list of agents to research further.

Online Reviews

Another great way to find an insurance agent in Tulsa is by reading online reviews on sites like Google and Facebook. Reviews provide you with insight into the experience of past and present clients of the insurance agent.

Figure Out What Type of Auto Insurance Coverage You Need

After finding an insurance agent with experience and exceptional reviews, you need to determine what type of auto insurance you need. 

Minimum Auto Insurance Requirements in Oklahoma

Oklahoma, like most other states, has requirements regarding auto insurance minimums. To legally operate a motor vehicle, the driver must have an active auto insurance policy. 

In the very least, Oklahomans must have a minimum of $25,000/$50,000/$25,000 in liability coverage. This means that your policy covers up to $25,000 for bodily injury per person, with a maximum of $50,000 per accident. Additionally, the policy covers up to $25,000 of property damage to the other person’s property.

While this is Oklahoma auto insurance minimum, there are countless benefits to investing in more comprehensive coverage. 

Liability Coverage

The minimum requirement in most states, including Oklahoma, is liability coverage. This type of auto insurance policy covers bodily injury to another person and property damage to another person’s property. Liability coverage will not cover any bodily or property damage to your personal property in the event of an accident.

Uninsured & Underinsured Motorist Coverage

Although auto insurance is a requirement in Oklahoma, some individuals operate a vehicle without coverage. If you are involved in an accident with an uninsured or underinsured motorist, you will be responsible for your medical bills or vehicle repairs.

Coverage for uninsured or underinsured motorists is available that may help you pay for any bills or expenses that you incur due to this type of accident. While underinsured motorist coverage is mandatory in some states, it is not required in Oklahoma. However, most individuals benefit from this additional coverage.

Collision Coverage

Collision coverage helps pay for repairs to your vehicle if you are involved in an accident with another vehicle or a stationary object. This type of coverage helps cover damage to your vehicle due to single-car accidents. It may also cover crashes into trees, fences, or other objects, or collisions with other vehicles. Collision coverage does not cover damage caused by theft, vandalism, or weather, or damage to another person’s vehicle. If you lease your vehicle, this type of auto insurance coverage may be required. 

Comprehensive Coverage

Tulsa experiences a number of intense storms and weather events every year. Because of this, many individuals benefit from comprehensive auto insurance coverage. This type of auto insurance policy will help cover any damage your car receives from hail, storms, or fire. It also covers damage due to theft or even vandalism. This type of insurance policy provides you with peace of mind in knowing your vehicle is covered in any situation that may arise.

These are just a few of the many types of Tulsa auto insurance policies that are available to motorists. The best way to determine the best type of coverage for your situation is to speak with an insurance expert at Tulsa Insurance Guy.

Contact Tulsa Insurance Guy for Auto Insurance Quotes

After conducting some preliminary research regarding Tulsa auto insurance, the next step is to contact Tulsa Insurance Guy for the best quotes available. 

Easy Online Tulsa Auto Insurance Quotes

Tulsa Insurance Guy works to provide an exceptional customer experience. They make it easy to request an online auto insurance quote. Simply provide them with some basic information regarding your needs and they will contact you to complete the process. 

The professionals at Tulsa Insurance Guy have access to over 80 auto insurance policies. They have the knowledge necessary to select the coverage that fits both your needs and your budget. 

Research Applicable Auto Insurance Discounts

A step that many individuals overlook while shopping for auto insurance in Tulsa is researching applicable discounts. The team at Tulsa Insurance Guy will help you research auto insurance discounts to provide you with an even better rate.

Some of the auto insurance discounts that may be available to you include discounts for retirees, college-aged drivers, drivers with low yearly mileage. Military discounts, safe driver discounts, and more are also available. Working with a knowledgeable insurance agent is the best way to find discounts on already low insurance rates.

Ask Questions Regarding Your Auto Insurance Policy

Once you decide upon an auto insurance policy, ask questions about your coverage. There may be things you can do to lower your rates. Things such as submitting driving records, properly maintaining your vehicle, or equipping your car with additional safety features may benefit your budget.

The best way to get the most value out of your insurance policy is to inform yourself of your coverage. The team at Tulsa Insurance Guy is always ready to answer any questions you may have regarding your auto insurance policy.

Enjoy Your Drive With the Best Auto Insurance in Tulsa

Protected by the best auto insurance in Tulsa, you can now enjoy your drive, confident in your policy and coverage. With the help of Tulsa Insurance Guy, you and your family have protection no matter what comes your way. 

Tulsa Insurance Guy works to provide you with auto insurance policies that protect your family both now and into the future. The way they care for each client as an individual is a true testament to the quality of service they provide. Contact their team today for more information regarding the best Tulsa auto insurance policies!

The post How to Find the Best Auto Insurance In Tulsa: Step-By-Step Guide appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

When you think of mopeds, you probably think of riding Vespas through the winding roads of Italy, but many people use mopeds to get around town and have some fun. Mopeds can be a cheap transportation option for those living in cities or for those who live in close proximity to most of their destinations. Mopeds can travel of speeds up to 30 mph, making them more efficient than traveling on foot or by bicycle.

So, do you need moped insurance if you own a moped? Whether you need moped insurance or not is determined by the state you live in. There are 26 states in America that don’t require you to have coverage on a scooter or moped. While it may not be required in the state you reside in, you should always consider getting coverage for the sake of you, your passengers, and others on the road.

While many people view insurance as an unnecessary expense, insurance coverage can save you a lot of money in the long run if you’re involved in an accident. You should at least get liability coverage on your moped, even if you live in a state that doesn’t require insurance. Keep reading to learn more about getting your moped covered.

Does Motorcycle Insurance Cover My Moped?

When many people think of getting their moped insurance coverage, they assume that they’ll need a form of motorcycle insurance. After all, there are many similarities between mopeds and motorcycles; both have two wheels and are powered by a similar motor; however, there are significant differences that require certain coverage.

Most moped insurance policies will fall under a type of motorcycle coverage; however, your agent will look at the qualities that your vehicle has to determine the price and type of coverage your moped requires. Legislation can vary greatly by state defining the difference between a motorcycle and a moped, so it’s important to do your research ahead of time.

What Does Motorcycle Insurance Cover?

A motorcycle is a two-wheeled vehicle that has an engine larger than 250cc. Motorcycle insurance can be even more expensive than most automobile coverage since there is a greater chance of an accident when driving a motorcycle. To learn more about motorcycle insurance, visit our motorcycle insurance service page.

What Does Moped Insurance Cover?

A moped is a two-wheeled vehicle that has an engine smaller than 50cc. The smaller engine of a moped only allows it to go around 30 mph at its fastest. Moped insurance will be cheaper than most automobile policies since these vehicles travel at slower speeds and are confined to city streets rather than traveling on highways and expressways.

Different Types of Moped Insurance

As with most types of insurance, you can choose different levels of coverage for your moped. The greater the level of coverage, the higher the insurance rate will be. Keep reading to learn the different types of coverage you can get for your moped.

Moped Liability Insurance

Many states will require at least a form of liability insurance on your moped. If your state doesn’t require insurance for your moped, you should at least get liability coverage on it to help protect you from the financial burden of an accident.

Liability insurance provides coverage for the other party is you are liable for any accident or injury on your moped. This would cover passengers riding on your moped, damage caused to another vehicle by your moped, or any injury caused by your driving and your moped.

Liability insurance is the lowest form of coverage you can find, and it will be the cheapest option for covering your moped. It will still protect you from the financial burden of paying someone else’s medical bills or paying to fix a vehicle you caused damage to; however, the insurance will not cover any damage to your moped or injury to yourself.

Collision Moped Insurance

Collision Moped Insurance is the next step up from liability insurance. With this insurance coverage, your injuries and damage to your moped are covered, even if the accident was deemed your fault.

If your driving has been the cause of accidents before, some insurance companies may require you to purchase collision insurance instead of liability insurance. This is always an incentive to drive with awareness and precaution!

Comprehensive Moped Insurance

Comprehensive Moped Insurance would cover any damage to your moped that wasn’t caused by a vehicular accident. Let’s say you parked your moped under a tree and that night a tree branch fell and damaged your moped. Comprehensive insurance would cover this event.

Comprehensive insurance will also cover damage caused by theft, natural disasters, animals, and weather. If you decide to not purchase comprehensive insurance for your moped, the safest thing to do is to find a garage to park your moped in to protect it from damage!

When it comes to choosing the right insurance coverage for you, always hope for the best and prepare for the worst. If your moped is vital to you for transportation and getting to work, it’s important to have coverage to repair and even replace the moped if need be. Keep these things in mind when looking for moped insurance.

Is Moped Insurance Expensive?

The first question many people ask when it comes to purchasing insurance is how expensive is the coverage? Luckily, you can find reasonable moped insurance. The average annual premium for liability moped insurance is $300, while for a full coverage annual insurance premium, you can expect $2000.

It’s important to keep in mind that states have varying legislation as to how mopeds are defined. In some states, your moped may be considered a motorcycle, and motorcycles are known to have much higher insurance premiums. Researching your state’s laws and legislation before purchasing a moped will have you know what financial commitment you will have to take on if you purchase a vehicle like this.

Should You Buy a Moped?

If you’re reading this article, you may be contemplating whether or not you should buy a moped. Mopeds are great vehicles and have become a more popular way to travel to local locations. Here are some things to consider if you’re looking into purchasing a moped:

Where Are You Travelling To?

Mopeds can be very efficient when it comes to getting around the city; however, if you are regularly traveling long distances by freeway or expressway, then a moped is not the best option for you. Mopeds aren’t legally allowed on highways and interstates, and they travel much slower than cars, so getting to a destination further away would take a long time.

If your life revolves around a few square miles, then purchasing a moped is a great choice. They are great for getting around a city, as they allow you to navigate through traffic much more easily.

Save Money on Gas

When you purchase a moped, you can save money in a lot of areas. You’ll find that gasoline will go farther in a moped, and you won’t have to spend a ton of money to fill up your tank. You’ll also find that many insurance premiums on mopeds are cheaper than most automobile premiums.

Parking Made Easy

Mopeds make parking easy! If you live on a city block or travel downtown, finding a parking spot for a moped is much easier than finding a parking spot for a car. Mopeds can fit into small spaces that a car couldn’t.

Alternative Transportation Options

If driving a car isn’t an option for you, consider other modes of transportation. Is there a bus system you can take? Is your location within walking distance? Your decision to purchase a moped will be determined by how you feel about alternative transportation options.

Frequently Asked Questions

Do I Need a License to Drive a Moped?

Whether you need a license to drive a moped will be determined in the state you live in. In some states, you may be required to have a license and take a motorcycle driving class; in other states, as long as you have any type of photo ID and you’re above the age of 16, you can drive a moped.

Mopeds are common vehicles driven by highschoolers since in many states, a license isn’t required to drive them. As long as you follow the state laws and obey the road laws, driving your moped should be a breeze.

Does My Moped Need to Be Titled?

Once again, whether you need a title for your moped will be determined by the state you live in. In some states, a title is required for any vehicle that is on the road, while in others, titles aren’t required at all. Either way, it is a good idea to title your moped so that there is a record of your ownership and transfer of title when you sell it.

We hope this article was able to answer your questions when it comes to finding insurance coverage for your moped. At Tulsa Insurance Guy, we offer a wide range of coverage for everything in your life. To learn more, get a quote here.

The post Do You Need Moped Insurance? Essential Guide appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

Who has the cheapest motorcycle insurance in Tulsa? Motorcycle insurance is a key element of protecting both bike and rider. Tulsa Insurance Guy provides motorcyclists in Tulsa with access to the cheapest motorcycle insurance! As independent insurance agents, they are able to create a coverage plan that works for you. 

Why is motorcycle insurance important? Can my recreational vehicle be covered by this type of insurance policy? Keep reading to learn important information regarding motorcycle insurance in Tulsa.

Do I Need Motorcycle Insurance in Tulsa?

Just like car insurance policies, each state has its own set of unique requirements regarding motorcycle insurance. Whether you reside in a state that requires motorcycle insurance, or you are just passing through, you are held to their minimum coverage requirements.

As part of the state of Oklahoma, motorcyclists in Tulsa must have a motorcycle liability insurance policy in order to legally operate their recreational vehicles on the road.

Oklahoma Motorcycle Insurance Requirements

The minimum requirements for motorcycle insurance vary between states. In Oklahoma, you are required to have, at minimum, liability insurance. Liability insurance will cover the costs for damage or injury ou may cause to another person or their property. 

To legally ride their bike, Tulsa motorcyclists must have a liability insurance policy that includes the following:

• $10,000 property damage per accident
• $10,000 bodily injury per person
• $20,000 bodily injury per accident

In addition to liability insurance, there are other motorcycle insurance policies that you may want to consider depending on the type of riding you do on a regular basis.

Benefits of Tulsa Motorcycle Insurance

There are endless benefits of Tulsa motorcycle insurance. In this section, we will cover just a few of the reasons why this type of coverage is beneficial, even if it is not required to legally ride a motorcycle in your state of residence.

Motorcycle Insurance is a Requirement

As a motorcycle owner and rider in Oklahoma, you are required to have a motorcycle insurance policy in order to legally ride your bike on the road. This alone should be reason enough to invest in this type of coverage. However, even if you don’t ride in Oklahoma often, or if you ride your bike across the country, having insurance can be highly beneficial! 

Having a motorcycle insurance policy is currently required in 47 of the 50 states. (The states that do not require motorcycle insurance are Florida, Washington, and Montana.) Investing in motorcycle insurance coverage allows you to safely ride wherever your heart desires.

Protects Your Motorcycle

We know that your bike is a significant investment. As one of your most prized possessions, it is important to protect your motorcycle to the best of your ability. When you invest in a comprehensive motorcycle insurance policy, you are provided with added coverage. This coverage is invaluable if your bike breaks down in the middle of a long ride.

Additionally, a comprehensive motorcycle insurance policy will help cover damages to your bike caused by a wreck, or even just someone knocking your parked bike to the ground.

Discounts for Experienced Riders

Any longtime rider knows that riding a motorcycle has a serious learning curve. While you may be able to successfully operate your bike for the first few years, your skills and abilities drastically increase over the years of riding.

Tulsa motorcycle insurance companies know that experience should mean something! Because of this, many insurance companies in Tulsa provide discounts on motorcycle insurance companies for riders who have valuable experience.

Flexible Coverage

In areas like Tulsa, there are seasons that make riding a motorcycle inconvenient or even impossible. This causes many riders to question the need for paying a year-round insurance policy.  Luckily, many motorcycle insurance companies provide plans that allow you to suspend your coverage during seasons when your bike is not in use.

Protects Your Bank Account

Accidents happen, even to the most experienced riders. Motorcycle insurance coverage eliminates the possibility of an expensive lawsuit or charges due to an accident. Depending on the details of the accident, you may have to spend thousands of dollars in fines and repairs. Unfortunately, those costs will not even cover necessary repairs to get your own bike back on the road! 

Types of Motorcycles Covered By Motorcycle Insurance

Almost any type of motorcycle can be covered by motorcycle insurance. Here are some of the types of recreational vehicles that you can, and should, insure in Tulsa:

• Cruisers
• Choppers
• Sport Cycles
• Touring Bikes
• Dirt Bikes

Motorcycle insurance policies often cover other types of recreational vehicles including the following:

• Scooters
• Mopeds
• Segways
• Personal Golf Carts
• All-Terrain Vehicles
• Snowmobiles

Of course, this is just an example of a few of the recreational vehicles that you can cover under the umbrella of motorcycle insurance. The best way to determine if you could benefit from this type of insurance coverage is to contact your local insurance agent.

Additional Insurance Coverage for Your Motorcycle

The minimum insurance requirements for the state of Oklahoma is liability coverage. This type of insurance policy would cover damages or injuries for other parties involved in an accident. It would not, however, provide you with coverage for your personal injuries or damages to your bike. Because of this, many Tulsa motorcyclists choose to purchase additional insurance coverage.

Additional motorcycle insurance coverage options vary by state and by the insurance company. However, here are a few of the areas of coverage that you may want to consider.

Comprehensive Insurance Policy

A comprehensive insurance policy for your motorcycle covers any damages to your bike, even if a collision was not the cause. For example, if your bike is stolen from a parking lot, or if another bike knocks it over, comprehensive insurance would pay to replace or repair your bike. While it is often the most expensive type of coverage provided to motorcyclists, it is also the most beneficial in the event of an unfortunate event.

Collision Coverage

While all riders hope to avoid accidents of any kind, they do happen. Collision coverage will pay to replace or repair your bike, even if authorities find you to be at fault for the accident. Other types of policies, such as liability insurance, would only cover the repairs necessary for the other individuals’ vehicles in this situation. 

There are several other options including uninsured motorist protection and medical payment coverage that may be worth considering. Any rider that has been involved in a riding accident will tell you that additional coverage was well worth the added cost. Your Tulsa insurance agent can help you assess your needs and choose a policy that fits within your budget.

How Much Does Motorcycle Insurance Cost?

It is hard to pinpoint how much your unique coverage plan will cost. However, there are a few things that will determine your policy cost. The type of motorcycle insurance policy you have will, of course, be the greatest factor in determining your monthly or quarterly payments.

Other factors that will play into this total include the age of your bike, how much your bike is worth, and even where you plan to ride. A motorcycle that you use for trick riding will be more expensive to insure than a bike that you use for casually riding around town.

In many cases, you will discover that there are various discounts or savings plans for your insurance policy. Bundling your insurance coverage will often provide you with significant savings. Other discounts to look for include discounts for riding experience, riding group associations, or other professional affiliations.

Lowering Your Motorcycle Insurance Rate

Besides finding discounts that apply to your insurance coverage, there may be other methods of lowering your insurance rate! Motorcyclists in states with mandatory helmet laws often experience lower insurance rates. However, in states where helmets are voluntary such as Oklahoma, riders who wear a helmet may find that their insurance rates are reduced.

Other companies offer incentives for completing regular motorcycle safety courses or for having a clean driving record. Your insurance agent will be able to provide you with additional information on ways you can work to lower your motorcycle insurance rate.

Finding a Motorcycle Insurance Policy

Whether you are looking to obtain motorcycle coverage for the first time, or simply looking for a more reasonably priced policy, the first step is to contact your local insurance agent. Tulsa Insurance Guy is a team of independent agents. They will investigate various policies until they find one that suits both your needs and your budget.

Motorcycle insurance is not only a legal requirement in the state of Oklahoma, but it also provides you with many other benefits. Protecting your bike is the best way to continue riding with confidence. By investing in a motorcycle insurance policy, you are protecting your body, your bike, and your wallet. Get your Tulsa insurance quote today! 

The post Who Has the Cheapest Motorcycle Insurance in Tulsa? appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

In these scenarios, as well as countless others, how do you go about getting auto insurance as a carless driver? There’s something called non-owner auto insurance for these types of scenarios. You don’t need a car to get auto insurance as long as you choose a company that does offer non-owner auto insurance.

You may be surprised how many auto insurance providers offer such a plan, but we will get into that later.

Here is a guide to non-owner auto insurance. We will cover:

• Qualification of Non-Owner Auto Insurance
• Rates of Non-Owner Auto Insurance
• Coverage of Non-Owner Auto Insurance
• Who Should Get Non-Owner Auto Insurance

What are the qualifications for getting non-owner auto insurance?

In certain areas geographically and with certain insurance companies, these qualifications may vary slightly. There are three qualifications you must comply with before you can qualify for this type of insurance.

• You must have a valid driver’s license.
• You must not own a vehicle or have regular access to a vehicle, many times this includes living in a household with someone who has a car.

This is simply because it would be more cost-effective and logical for you to be listed as a secondary driver on a vehicle that you regularly use instead of getting insurance specifically for non-vehicle owners.

How much money does it cost on average for non-owner auto insurance?

The cost of non-owner auto insurance varies depending on three factors.

• Your driving record. Like with standard auto insurance and coverage plans, the cost is affected by your driving record. If you have a lot of priors that will make your rates significantly higher.
• The location in which you live. Many areas have higher rates due to driving statistics and the general cost of living. This obviously should scale with the cost of living, but in certain places, states make the non-owner auto insurance more of a headache. Therefore, the amount of work the insurance company goes through to get you auto insurance as a non-owner causes the rate to be slightly higher than it should be based on the cost of living scaling.
• The company you pick. You want to make sure you do your research and pick a company that is willing to give you the best rates possible. Many of the large auto insurance providers offer these non-owner plans, but each company sets the rate for non-owner auto insurance plans based on many things. With all of that being said, the average cost annually is $474 which averages out to be about 40 dollars a month. This is significantly cheaper than standard insurance plans. Make sure you are getting the best rate by contacting Tulsa Insurance Guy to find a solution for you.

Who should get non-owner auto insurance?

If you are researching and looking into buying non-owner auto insurance, you want to make sure that it fits your circumstances. If you are a person who knows that you will not be owning a car for a period of time, this type of insurance is perfect for you. Many times, when you are reapplying for auto insurance and there is a gap in your coverage, it is a significant rate increase.

If you keep the auto insurance, that will, first of all, allow you to take advantage of loyalty discounts, but also make sure there are no gaps in coverage. In addition, if you are someone who could potentially rent cars for trips and things in the future, this coverage can be a benefit. This will allow you to qualify to rent cars.

What does non-owner auto insurance cover?

It covers liability only.

This means that the damage caused to the other party and their property is covered, but the borrowed car you are driving would not be covered. The insurance that the owner of the car has would need to take care of their own car damage.

Liability is still very important.

It keeps you legal on the road which is very important. Accidents do happen, so it is extremely beneficial to know that anyone who may be affected by the accident is covered and will be taken care of. Liability insurance is popular with car owners with lower income and older, less expensive vehicles as well. It is definitely the most economical choice, especially when you don’t actually own a vehicle.

Non-owner auto insurance is a great thing for people who find themselves in need of it. The auto insurance companies that offer it are able to help you find out if you really need it. Your coverage may be limited, but if you are in need of the insurance, it can save you a lot of trouble on the roads.

Tulsa Insurance Guy can help you get the non-owner auto insurance you need at the best rate around. They are an insurance broker in Tulsa who works with over 80 insurance providers to get you the coverage you need where you need it most. They specialize in auto insurance and can help you find an insurance provider that can give you non-owner auto insurance at the price you can manage.

Give them a call or send them an email to get the whole process started and get your non-owner auto insurance today. They can walk you through the process and find a solution for your situation and your wallet.

If you liked this article and learned something, click here for more.

The post Can You Get Auto Insurance Before Buying a Car? – Complete Guide appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

This is where Tulsa Insurance Guy comes in. They have the connections, knowledge, and understanding of the auto insurance market to get you the best and cheapest rates in Tulsa. They work with over 70 different insurance providers to ensure that you are given the best options for your auto insurance coverage. Look no further than Tulsa Insurance Guy to get the best coverage at the best price for all your auto insurance needs.

How to Get the Best Auto Insurance Rate

With a little bit of research and some critical thinking, you can make better choices for your Tulsa auto insurance. If you do your homework and come to your insurance broker with at least some semblance of a plan for your auto insurance based on your situation, vehicle arrangement, and budget.

Tulsa Insurance Guy has many ways to get you the best auto insurance rates on liability, full coverage, and bundles. Here are a few ways to save money on your auto insurance by reevaluating your current setup of vehicles and auto insurance policies.

Best Auto Insurance Rates – Liability

Liability Auto Insurance is a relatively simple type of policy that every auto insurance provider offers to anyone looking for coverage for their car or family of cars. It is the cheapest option for auto insurance, but that comes with a few caveats.

When is Liability Auto Insurance Useful?

It may be the frugal choice, but it may not be the right choice for you. That said, liability insurance is a great choice if your budget is tight or if your car is a bit older.

If your car has lost the majority of its value either through wear, age, or a previous accident, then liability auto insurance could be perfect for you. Another way liability coverage can fit for you is on a secondary vehicle. Let’s say you have a sedan you drive almost everywhere. It goes to and from work, on grocery runs, and even on road trips to see family, but you have a truck to haul lumber for your side job making custom doghouses.

Your second vehicle that gets used only periodically doesn’t require full coverage. Liability will work just fine in this case and it can keep your auto insurance rates lower overall.

What are the Drawbacks of Liability Auto Insurance?

Liability auto insurance can be great if you are on a budget or if you just need to insure your secondary vehicle, but it does have its drawbacks for being so cheap.

The coverage is not great. Your car’s value is not protected by the insurance plan, only the cost of mechanic shop expenses, medical bills and lost wages of the other driver in a potential accident (some insurance brands also cover your medical bills and lost wages in liability coverage, but usually at added expense). This is the bare minimum coverage just to get you out from under the financial burden of the reparations paid to the other motorist.

You know you better than anyone and can tell by now if liability is a good idea for you, or if you should continue to look for a better solution. If you are generally a good, responsible driver with good defensive reaction, you may never have to worry about your auto insurance. If not full coverage may be the way to go for you.

Best Auto Insurance Rates – Full Coverage

Full coverage Tulsa auto insurance is exactly that: it covers everything fully. Both you and the other motorist in a hypothetical crash are covered, including the value of your car. Full coverage auto insurance is a great option for newer cars with more intrinsic value.

When is Full Coverage Auto Insurance Useful?

In most cases, this option is the better option in every way. Since it covers so much in the event of an accident, you can rest assured that if anything were to happen on the road, you are covered and so is the motorist you collide with. This kind of functionality and assurance comes at a price.

This higher price can be anywhere from twice as much as liability to ten times the price or liability coverage on the same vehicle. Your budget is the limit here and depending on how much you have to spend, you could get double and triple coverage on your car and expenses for after-crash care.

Full coverage auto insurance gives you confidence on the road that liability coverage could never do. This is still not a reason to drive unsafe, but you can rest easy if you get into an accident.

What are the Drawbacks of Full Coverage Auto Insurance?

Full coverage auto insurance is the go-to option for people with a higher budget or if their vehicle is newer and more valuable. This is a great thing to have in these cases, but what are the drawbacks, if any, to full coverage auto insurance?

The price is pretty high. With an unlimited supply of money, full coverage auto insurance is a no-brainer, but if you have a limited budget, there’s a good possibility that full coverage will be out of reach. This can be solved through a bit of shopping around to find a company that offers full coverage at the lowest price. Insurance brokers such as Tulsa Insurance Guy can help you shop around and find a company and price point that works for you and your desired configuration of coverage.

If you think you’ve found a good option for you, or if you already have a great auto insurance policy, you can save even more money by bundling with other insurance options.

Best Auto Insurance Rates – Bundle and Save

There’s a reason that last sentence doesn’t contain the word “auto:” you can bundle with any insurance policies. Most insurance companies offer home, life, renter’s, and even boat and motorcycle insurance to try to keep all your policies under the same roof. Bundling these policies can cut out a lot of headache and lower the cost of your overall insurance bill by quite a bit.

When is Bundling Auto Insurance Useful?

If you have multiple large ticket items bringing up the value of your belongings, you may want to get them all insured just in case anything tragic happens to them. Getting them insured can be a hassle if you are insuring them all individually, but bundling them can help cut down on overall cost. It can also help simplify your insurance payments down to a single payment monthly, quarterly, or biannually.

Working with an insurance broker can help make this process even easier as they can figure out the best system of bundling to get you the lowest cost on your auto insurance.

What are the Drawbacks to Bundling Auto Insurance?

If you don’t have multiple things in need of insuring, there would be no way to get any sort of bundle discount. With a limited budget, it would not make sense to add more cost just to reduce the cost a few dollars. Not every insurance company offers bundling to give a discount, making it hard to predict how you are able to save money. Bundling locks you in to one specific company, keeping you from finding the cheapest rates for each individual thing from all the insurance providers.

The good and bad of bundling your insurance make it a more nuanced choice that can be best made with the help and knowledge that a professional insurance broker can offer. Tulsa Insurance Guy is able to help with these kinds of choices.

Tulsa Insurance Guy is an insurance broker in Tulsa working with many different kinds of insurance, including auto, home, life, renter’s, and even motorcycle insurance. They work with over 70 different insurance agencies to make sure you have the most options to find the right policy and price for you and your budget. They understand that finding the best and cheapest insurance is not an easy task, and they will do everything they can to make your insurance selection process easier on you.

They put all your policies into one simple monthly, quarterly, or biannual payment plan so you don’t have a bunch of bills going to multiple places. Keeping up with that would be annoying to juggle along with everything else in your busy life. This cuts out the need for bundling to save headache and needing to send money to a bunch of different destinations.

If this article helped you, click here to learn more.

The post Best Auto Insurance Rates | Tulsa, OK appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

With a little help from the right people (that’s us), you can narrow down the life insurance offerings from many of the major insurance providers and make it easier on yourself to pick a plan that fits you best. Finding a good guide to the types of life insurance (that’s this article) can help you educate yourself on the options you have for life insurance coverage to make sure your family isn’t left high and dry when you die.

Term Life Insurance

Term life insurance, also known as pure life insurance, is life insurance that ensures payment to specified beneficiaries during the policy term. Once the term expires, the policyholder can renew it for another term, convert the policy to permanent coverage (also known as whole life insurance, expounded on later in this article), or allow the policy to end with no payout to the beneficiaries.

The policy’s purpose is to give insurance to individuals against the loss of life. All payments by the policyholder cover the cost of maintaining the life insurance policy itself. As a result, term life insurance premiums are lower than those on other life insurance policies.

What Term Life Insurance Includes

Term life policies have no value other than the guaranteed payout of the death benefit upon the death of the policyholder. This cash benefit may be used by beneficiaries to settle the policyholder’s healthcare and funeral costs, to pay off debt, or to pay mortgage debt, among others.

Since the payments only cover the cost of the Tulsa life insurance policy itself, the policy is usually very simple and straightforward. The only thing included in most term life insurance plans is the payout to the beneficiaries in the event of the death of the policyholder.

Perks of Term Life Insurance

Term life insurance is very cheap. It costs the least out of any of the major life insurance offerings from all the major insurance providers. You can be sure that term life insurance has you covered without eating away at your wallet.

Term life insurance is flexible. You can get many different versions of term life coverage based on your price point and the insurance company that you choose. With low obligation to the specifics of the life insurance policy of term life insurance, you can easily change or cancel the plan whenever you desire.

Term Life Insurance is Perfect For…

Term life insurance is perfect for basically every person at any point in life. Typically, young people with new families are a target demographic for term life insurance. Because of its relative simplicity and low monthly price tag, the value lends to any walk of life. Every person should get a life insurance policy, and getting a term life insurance policy is so easy and inexpensive compared to some other options that it just makes sense.

Term life insurance is a great choice for people of every walk of life to make sure you and your family are covered just in case tragedy strikes. The low premiums and high payout to the beneficiaries, this life insurance policy is perfect for anyone. Even if you already have a life insurance policy, you can get another term life policy to make sure your double covered.

Whole Life Insurance

Whole life insurance is just that: Tulsa life insurance that lasts throughout your whole life. Its benefits well outweigh the rise in premiums from a term life insurance policy. Many people look at whole life insurance as a way to safeguard money in the event that tragedy strikes and your family is left behind with the payout of your life insurance.

What Whole Life Insurance Includes

Whole life insurance policies are similar to term life insurance but differ in two distinct ways. Your premiums not only pay to facilitate the insurance but add to the value of the payout to your appointed beneficiaries. Another difference is the length of time that life insurance is in effect.

This seems like a given, but in the abundance of clarity, we wanted to include it to make sure everything about life insurance made sense. Whole life insurance policies last for the lifetime of the policyholder as long as they continue to pay their premiums.

Perks of Whole Life Insurance

The coverage of your life insurance is guaranteed over your entire life as long as the premiums are paid at the proper times. This makes whole life plans one of the simplest plans with the least headaches of all the life insurance options.

Coupled with the coverage of whole life insurance is the cash savings that, depending on the plan and company you get your insurance from, may be invested to bolster growth for a higher payout to the beneficiaries. This cash savings can be drawn upon after an allotted timeframe, which could be based on time in general or the number of premiums paid.

Whole Life Insurance is Perfect For…

Whole life insurance is perfect for anyone who knows money is not a factor and who wants an insurance plan that is no-nonsense. Since whole life insurance is a “set it and forget it” kind of policy, its great for people who want to just pay the premiums when they are due and not really think about it. As time goes on the cash value can be drawn upon, so this makes it perfect for someone who is looking for a long-term moneymaker.

Universal Life Insurance

Universal life insurance is a sort of middle ground between term and whole life insurance policies. Depending on the company you go with, universal policies can have many different perks and features, as well as differences in payment schedules and pricing.

It also introduces some new things that neither of the other types has such as lump sum premiums and flexible premiums, which we will get into further down in this article. Universal life insurance is offered by most life insurance providers as a cheaper alternative to whole life insurance policies.

What Universal Life Insurance Includes

Universal life insurance can include the best of the other two major types of life insurance. This can mean low premiums like term life insurance coupled with cash value and lifetime coverage, similar to whole life insurance policies. This may seem like the best option because it blends the best things from the other two, but that all depends on what company you go with.

Some companies require a lump-sum premium, which is a large “down payment” as a way to start the policy. This can be a difficult option for people on a budget. This lump-sum premium may be coupled with small monthly premiums, so if you are able to pay the large premium upfront, this option may suit you well.

Perks of Universal Life Insurance

Universal life insurance is flexible. The policyholder has the ability to change quite a few things about their insurance plan at any time. These things include adjusting the size and timing of premiums as well as reducing the death benefit by increasing the cash value of the policy.

Universal life insurance typically has a cheaper premium. With the exception of the lump sum premium that may be a part of the universal life insurance policy, the monthly, quarterly, or annual premiums are much lower than the corresponding premiums in whole life insurance.

Universal Life Insurance is Perfect For…

Universal life insurance is perfect for someone who wants the benefits of whole life insurance with the cost of term life insurance. If you find the right offering of universal life insurance, you can get the perfect balance of both of the other main types of life insurance policies, making universal life insurance the best option.

If you are looking for the perfect blend of term and whole life insurance, universal life insurance may be just that. You may find that the lump sum premium is too much, or you may never be faced with that, in either case, universal life insurance can be a great option to consider.

What Type of Life Insurance is Best?

The perfect life insurance policy doesn’t exist, but universal life insurance gets very close with the right caveats. Tulsa Insurance Guy can help you find a universal insurance plan that meets your criteria and fits within your budget. Make sure your family is taken care of right in the event that you die.

Tulsa Insurance Guy is an insurance broker in Tulsa specializing in life insurance, auto insurance, and homeowner’s insurance. They work with over 70 insurance providers to make sure you have countless options to cover your life, home, vehicles, and all your toys.

Give Tulsa Insurance Guy a call to set up the perfect plan for you and your family and make sure that everything the concerns you are covered by the perfect insurance plan.

If you found this article helpful, check out our others here.

The post Types of Life Insurance: Beginners Guide appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

Most types of death, including natural death, are covered under most life insurance plans, but if you are unsure about your plan, it can keep you up at night. No one wants to leave their loved ones with nothing, so making sure you know is imperative.

We have done the research and found out the information for you. We have compiled what we know in an easy-to-understand list to help you understand your life insurance plan and help you find a better fit if yours is lackluster.

Is Natural Death Covered Under Life Insurance?

In short, yes it is. There are some caveats to keep in mind, but generally, Tulsa life insurance covers almost every type of death that could occur to the policyholder. Built into life insurance plans is a death clause that covers all types of death to the policyholder. In some instances, insurance companies can amend this clause and revoke the policy.

Make sure you are aware of this when you set up your life insurance plan.

What Is ‘Natural Death?’

Natural death is classified as such if the medical examiner or coroner deems the death was not as a result of external circumstances. This means that no person or object was involved in the death of the person. This is only determined by the coroner or medical examiner after the evidence and state of the body are investigated and it is determined that the person was not killed by a person or object. They also rule out suicide as a cause of death to come to this conclusion.

Natural death is not technically a cause of death, but a manner of death category that quite a few causes of death fall under. These causes of death are things such as kidney disease, heart attack, stroke, and infections like sepsis or tuberculosis. These are the causes of death are responsible for nearly 90% of the deaths in the last thirty years.

Other manners of death, including suicide, homicide, and accidents like car crashes and drug overdoses, make up only around 10% of deaths. These forms of death are also covered under most life insurance policies as well, but that is for another article.

What Are the Exceptions to Life Insurance Policies?

There are certain cases in which the Tulsa insurance company can deny enacting the death clause of your life insurance policy. These are very fringe cases and mostly can be ignored. There is nothing to worry about unless you are not forthcoming and honest with the insurance company when setting up your life insurance policy.

One of the cases in which this problem occurs is when the policyholder withholds vital information that can affect the life insurance plan. Things such as medical releases, diagnoses, known diseases and complications, and at-risk pregnancies are all in this scenario. As long as you are open and honest with the insurance company about these things, this should not be an issue for your life insurance.

Within the first two years, insurance companies do an investigation into the circumstances of a policy holder’s death to determine if the death was caused by an undisclosed medical condition. After two years, insurance companies will payout to the beneficiaries without any investigation

Within that first two years, if you haven’t withheld any pertinent medical information, the insurance company’s investigation will be quick and your family will see the payment enacted not long after the investigation is concluded.

What Types of Death are Covered on Life Insurance Plans?

As stated earlier, natural death, accidental death, homicide, and suicide are all covered by Tulsa life insurance. This covers almost every type of death, and even the fringe cases should be covered as well. Just in case there is any confusion about what each manner of death is, here is a quick guide to what is included in each.

Natural Death

Earlier in the article, we defined this as death that was not a result of external circumstances. External circumstances include death at the hands of another person or by an object such as large machinery, building material, or vehicle. In this case, there isn’t much question about what happened. A medical examiner or coroner can usually find out the cause of death quickly and report it to the life insurance company to get the policy in order for the family of the policyholder.

Natural death is the most common manner of death and insurance companies usually have no issue getting the policy taken care of.

Accidental Death

At first thought, accidental death insurance seems quite simple without the need for explanation, but you’d be surprised actually constitutes an accidental death. You may also be floored as to what goes into the coverage of accidental death and the actual features in an accidental death insurance plan. Accidental death constitutes any death, not from natural causes. This also excludes death from homicide and suicide.

Accidental death is covered under all life insurance policies. There are even special policies specifically for accidental death if your lifestyle or career brings some heightened risk with it. These policies have no correlation with a general life insurance policy and payout separately from the life insurance.

You may be surprised to know that most life insurance policies consider drug overdose as an accidental death. This has become more common as the years have passed and drug abuse statistics have increased. There are a few more fringe cases that are considered accidents, but they are usually specific to the insurance company and their policies.

Homicide

The dictionary defines homicide as the unlawful killing of one person by another. Another word for it is murder. Life insurance covers death by the hand of another. Wrongful death is never a welcomed experience, but your family can rest at ease with the life insurance policy covering the death and paying your loved ones for the policy.

Homicide is a fairly cut and dry process for the insurance company. Police departments make a detailed report and investigation, give the records to the insurance company, and the insurance company enacts the death clause of the life insurance policy to payout to the beneficiaries in the victim’s family.

Suicide

Even though this type of death is not caused by the hand of another and is not caused by an accident involving an object, it is covered by life insurance in most cases. There is usually a suicide clause added to the policy to account for the possibility of suicide (God forbid that happening).

There are some cases where the life insurance policy has a suicide exclusionary clause, but these are few and far between. Some policies have exclusionary clauses for suicide that pertain to the circumstances surrounding suicide. These circumstances could include failure to seek counseling for suicidal tendencies and untreated depression leading up to suicide.

Physician-assisted suicide, also called “death with dignity,” is also covered by insurance, but with a few caveats, such as the death with dignity taking place within the first two years of the plan. After the first two years, death with dignity and physician-assisted suicide will not be contested by the life insurance company.

Frequently Asked Questions

With all the different aspects of life insurance, there are some questions that loom overhead about some things associated with life insurance. Here are some of those questions and their answers.

What about death from a natural disaster?

This type of death technically falls under natural death. It is a fringe case that needed to go somewhere and it didn’t fit in the other categories. Some life insurance policies have a separate clause for natural disasters, or “acts of god.”

What about death on the battlefield or in armed forces?

The US armed forces have their own life insurance offerings and in the event of the death of one of their soldiers, the spouse or family of the soldier gets the payout from the branch of the military in which he served.

What about death from cancer?

Cancer deaths fall under natural death in most cases. They should be treated as such in regards to the life insurance policy held by the victim.

Tulsa Insurance Guy is an insurance broker in Tulsa that specializes in life insurance policies and accidental death policies. They work with over 70 insurance companies to make sure you are getting the best life insurance to leave your family with a little something after you’re gone. Your family will thank you for doing so.

They work with you to find your specific needs and find plans that fit your circumstances. They work to understand your situation to serve you and your family better. You always know that you’re getting the best policies when you work with Tulsa Insurance Guy.

Thank you for reading our article. If it helped you, check out more here.

The post Does Life Insurance Cover Natural Death? appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.

Tulsa Insurance Guy deals in almost every type of insurance to make sure you and all your life are insured. They work with over 70 different insurance companies to give you an amazing array of price ranges and packages. There is not a situation or life that can’t be covered by insurance through Tulsa’s #1 Life Insurance Broker.

If you want to learn more about what Tulsa Insurance Guy has to offer, contact them or keep reading.

Life Insurance to Cover When Life Happens

When life happens, you need to make sure you’ve got some kind of Tulsa life insurance to cover you and your family. There are three main types of life insurance, which are term life insurance, whole life insurance, and permanent life insurance. These are the three main policies, but there are also many unusual plans.

Tulsa’s #1 Life Insurance Broker will be able to help you keep them all straight and find one that’s right for you. The best life insurance policy is a subjective thing that is different for everyone, specific to their situation. That being said, the policy that’s right for you is also a policy that sets your family up in the event that you die.

You can leave them with the best life insurance anyone can offer you by studying up on what each policy can do for you. Each one offered specific benefits and drawbacks and those benefits and drawbacks can change the way your policy pays out to your family.

Term Life Insurance

Term life insurance is a simple insurance policy: when you pay your insurance provider the standard premium, you are paying for the death payout that goes to your beneficiaries in the event of your death. This payout can be a lump sum, a monthly payment, or an annuity for your given beneficiary. Most people ask the insurance company for the lump sum.

Term policies are more affordable when compared to other life insurance policies, costing between $30-40 a month for a 30-year overall period. This 30-year period is called the policy term and at the end of the 30 years, the policy expires. The typical policy is $500,000 for healthy people in their 20s and 30s.

Whole Life Insurance

Whole life insurance has a death benefit payout but also a cash value, where the premiums you pay monthly or annually are used to fund that value, which can be drawn upon like a savings account. There are added fees for drawing on the cash value that can harm the effectiveness of the policy in the long run, so this feature should be used sparingly.

A major part of the premium goes to fees and maintaining the death benefit. Over time, the fees portion decreases and more of the premium goes directly to funding the cash value. Due to the fees and the extra feature, a whole life insurance policy can cost six to 10 times as much as a term life policy (for the same death benefit amount).

Whole life lasts for as long as you pay the premiums to your insurance provider. However, the cash value component can make whole life more complex and complicated than term life because you have to consider surrender fees, taxes, and interest as well.

Permanent Life Insurance Policies

Permanent life insurance is an overarching term that covers several different, more specific types of life insurance. In a generalized sense, permanent life policies will last for as long as you pay the premiums to your insurance provider, and they have a cash value component just like whole life policies.

Whole life insurance policies are a type of permanent policy, so a lot of the same pros and cons can apply to the other types as well. Even still, there are some key differences in the various types of permanent life insurance policies, so they’re worth talking about further.

With all the different types of life insurance policies, having a knowledgable and connected insurance broker is necessary to find the right plan for you and your loved ones. Tulsa’s #1 Life Insurance Broker is more than capable to find the one that works your budget.

Universal Life Insurance

Universal life insurance has a cash value, just like a whole life policy. This means that your premiums go toward both the cash value and the death benefit. There’s a catch: the holders of universal life policies can change the premium and death benefit amounts without getting a new insurance policy by using the accrued interest from the cash value of the policy to cover the premium.

Basically, although you have a minimum premium to keep the policy in force, you can use the cash value to pay the premium each month with the accrued interest, skipping premium payments entirely. This is appealing for a variety of reasons, including saving more money in the long run and simplifying life insurance by keeping it out of sight, out of mind.

The cash value and interest rates of a universal life insurance policy are sensitive to current trending market rates. If the interest rate being credited to your policy decreases to the minimum rate, your premium would have to increase to offset the reduced cash value, making you have to pay part of the premium in certain months.

Tulsa’s #1 Life Insurance Broker can help you navigate this type of life insurance plan and find out of it’s right for you.

Variable Life Insurance

The main difference between variable life insurance and whole life insurance is how the cash value works. With a whole life Tulsa insurance policy, the cash value component is a savings account. That’s why, although the growth may be small compared to other life insurance investment options, there is a guaranteed minimum rate. It also includes dividend payments from the life insurance company.

A variable life insurance cash value, though, is more along the lines of what you’d expect when you think of investing: a series of small accounts where your cash value can grow significantly when the market is trending upwards. However, you can also lose money depending on the market, since the cash value is more or less placed in the stock market’s success or failure.

While this makes variable life insurance policies a better investment option than whole life policies (similar to the way an IRA accrues money), you can only invest in certain accounts available through your policy. This means that you are tied to pre-chosen mutual funds and don’t have access to the wide variety of mutual funds that are available on the open market.

While fees can be lower with a variable life insurance policy than a whole life policy, the product is riskier since it is tied directly to the trends of the stock market. The same risk involved in investing in stocks applies here.

Variable Universal Life Insurance

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the variable life and universal life policies: you can adjust the premium and death benefit amount while investing the cash value in the policy’s sub-accounts.

Even though it has the strengths of both, variable universal life insurance also comes with the same issues as the other two. Again, this is more complicated than most people looking need in a life insurance policy. You can find much better policies for life insurance that are less convoluted and there are much better ways to invest in the market.

The better option is a combination of a simple, cheaper term life insurance policy and a dedicated investment option, like a mutual fund. This offers the same insurance coverage as variable universal life insurance policies with fewer fees and a more manageable policy and investment profile.

Tulsa Insurance Guy, Tulsa’s #1 Life Insurance Broker, is able to help you find the right life insurance policy or policies for you and your family and loved ones. Their brokers are up to date on all current market trends and life insurance policy updates and have the knowledge and know-how to get you on a life insurance policy that works for your budget and specific needs.

Your family will thank you for taking the step to get a life insurance policy to make sure they are taken care of after you’re gone. Let Tulsa Insurance Guy guide you through the process and help you choose a life insurance policy that suits you and your situation to take care of your family. Their knowledge of insurance is able to get you through the process quickly and without any pain.

Call Tulsa Insurance Guy today to get your life insurance taken care of.

Thank you for reading. If you want to learn more about Tulsa Insurance Guy and their services, click here.

The post Tulsa’s #1 Life Insurance Broker appeared first on Tulsa Insurance Guy - Home | Auto | Business | Life | Independent Agent.