Your street, your neighborhood and especially the city where you live are all factors considered by insurance company underwriters when determining your auto insurance rates. These residential factors affect the premiums you will pay for both first and third party coverages.
Urban Living and Auto Collisions
People often joke about New Jersey for many reasons, but a serious examination of the state’s automobile collision statistics presents a unique example of why there are variances in insurance rates for such a metropolitan area as compared to a more rural location. New Jersey is mostly urban, and as with many urban areas it is densely populated with numerous vehicles.
More vehicles means more traffic; more traffic means an increased potential for automobile accidents. If you live in a similar urban area, your collision, comprehensive and liability insurance rates will be calculated accordingly.
City Living, Crime and Comprehensive Coverage
Comprehensive coverage provides payment to you in the event of damages to your vehicle arising from criminal acts such as theft or vandalism. The insurance rates for this coverage must therefore take into memoir the increase in exposure due to living in a region with higher criminal activities.
A quick look at national crime statistics confirms they vary from region to region; but according to the National Insurance Crime Bureau, NICB, car thefts and other auto-related crimes occur more often in larger cities. To cover the increased exposure, insurance rates for cars based in large cities must take these higher crime rates into account. This usually means a higher rate and a higher premium.
Liability Insurance
With more people, more cars and more accidents, it’s understandable how city living might give rise to increased vehicle damages and personal injuries. In calculating your insurance rates, this increased liability exposure will usually cause a higher premium for third party coverages.
Sources:
https://www.nicb.org/cps/rde/xchg/nicb/hs.xsl/28.htm
Filed under Automobile Insurance Information by on Jan 21st, 2011. Comment. 
When people suffer from mental health issues, it is fair the same as any other medical condition or disease that should be covered by all health insurance companies. However, this is not the case. Millions of people in America are afflicted with mental health problems every year, but only about one third of those Americans will get adequate insurance coverage for their mental health problems. Many Americans either don’t have insurance at all therefore can not seek treatment, or they do have coverage and are afraid that their mental illness will be recorded and flagged, so they do not seek treatment at all. There are some Americans that do not seek treatment for their mental illness simply because they are embarrassed.
When you are considering mental health insurance you should make sure that it covers the following, but is not limited to.
1. Therapist coverage- at least 20 to 30 visits per year
2. That it covers Anxiety
3. Depression- Manic Depressive
4. Schizophrenia
These are the most commonly covered mental health problems. Insurance companies do not cover Drug and Alcohol treatment (call your carrier). Always remember that insurance companies no longer pay for mental health problems like they used to, so it is considerable for each individual to contact their insurance carrier to gain out what is covered.
There also are state agencies that do help with mental health coverage, you will need to get in contact with your local Human Services Department for further information. Today there are 43 states that have passed legislations providing some sort of mental health coverage for their residents.
Here are some of the mental health plans that are in my state of Kentucky. I have put in the information for a 40-year-old female, smoker with mental illness and I received prices from 4 carriers with 5 different plans. The four carriers were Anthem BC/BS, United Health Care, Humana, and Aetna and here are the plans.
1. Anthem Blue Access Value 2000- conception type PPO, $2,000 annual deductible, office vistit co-pay $30.00, co-insurance 30% with a monthly premium of $155.25.
2. Anthem Premier 100- conception type PPO, $2,500 annual deductible, co-insurance 0%, $30.00 office visit co-pay
with a monthly premium of $239.89.
3. Humana One-Monogram Total/7500 Plus Rx- plan type PPO, $7,500 annual deductible, $25.00 co-pay for
office visit until deductible has been met with a monthly premium of 96.85.
4. Aetna PPO 2500- plan type PPO, $2,500 annual deductible, 20% co-insurance, $30.00 office visit co-pay until
deductible has been met with a $197.00 monthly premium.
5. United Health One Co-Pay Select 80/2500- understanding type is network, $2,500 annual deductible, 20% co-insurance,
and $35.00 office visit co-pay with a monthly premium of $218.59.
- All of these health insurance plans offer mental health coverage, hospitalization, specialist and prescription coverage at affordable rates. Remember to do the research before you commit to purchasing health insurance.
References for this article came from ehealthinsurance.com and healthinsurance.com
Filed under Automobile Insurance Information by on Dec 18th, 2010. Comment.
