US Insurance Online Helps Consumers Weather the Recession -- Insurance Review Can Ease Family Budget

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US Insurance Online today announced a new Web site that helps consumers save money on insurance costs.

An insurance review begins with reviewing your life events over the past year or so

US Insurance Online today announced a new Web site that helps consumers save money on insurance costs.

With gas prices skyrocketing, a review of insurance coverage and premiums could save substantial dollars -- enough to take a weekend getaway or buy that new gas barbeque. Since most insurance is a fixed monthly cost, consumers can save money every month.

"An insurance review begins with reviewing your life events over the past year or so," says US Insurance Online chief marketing officer Ryan Patterson. "Have you been married in the past year? Do you have a new baby? Has your teenager left home for college? Did you get a new job or a promotion? A new car? All these events will affect your needs and your costs for insurance."

http://www.USInsuranceOnline.com makes it easy for consumers to compare price quotes online from different insurance companies and brokers. The site also has a wealth of tips on discounts and deals for health, home, auto and life insurance.

Health Insurance
In 2007, Americans spent over $2 trillion on health care, nearly $7,500 for each person in the country, according to the National Coalition on Healthcare (http://www.nchc.org). Here's how to get the most for your health insurance dollars:

Check http://www.usinsuranceonline.com/health-insurance/articles/health-insurance-coverage.php to see a checklist of all the items you may need your insurance to cover. Then go ahead and start comparing your policy with others and do your research online.

Make a comparison chart of your two final choices, listing the following:
1.    Each individual's deductible
2.    Total family deductible
3.    Co-payment
4.    After deductible is met, percentage of fees paid by insurance company for network providers and out-of network providers
5.    Maximum limit on each claim
6.    Maximum limit over a lifetime
7.    Uncovered medical expenses that will be out-of-pocket
8.    Total annual costs

Auto Insurance
Don't shop by price alone. It's easy to compare price quotes from various companies online, but make sure the company as a whole satisfies you. Do they answer your questions properly? Check with friends, family and co-workers to see if the company handles claims efficiently and fairly. Check consumer magazines and consumer watchdog websites such as http://www.clarkhoward.com. State insurance departments also provide consumer complaint ratios for various companies.

Home Insurance
Check your credit rating. A good credit rating can help you obtain a good rate for homeowners insurance. Start by acquiring copies of one or all of your credit reports (free at the Federal Trade Commission's website at http://www.ftc.gov). Make sure your report is accurate, and correct any mistakes immediately. Take steps to improve your scores, and you're on your way!

Life Insurance
Consider net cost index. The net cost index is "a standard method for collapsing (premiums and cash value) into one number" according to the Insurance Information Institute (http://www.iii.org). The index allows you to compare a low premium/low cash value policy with a high premium/high cash value policy. The insurance agent or company you're considering can provide these numbers.

A host of other useful tips and considerations is provided on the USInsuranceOnline.com Web site for the benefit of consumers, including how to check your potential insurers' reputations by plugging their names into Web sites like A.M. Best Company (http://www.ambest.com) or Moody's Investors Service (http://www.moodys.com).

About USInsuranceOnline.com
USInsuranceOnline.com serves consumers who want the best insurance policy for their needs at the lowest price -- without spending their whole lives doing it. Active families, busy singles, businesspeople and seniors all benefit from the site's wide product selection and well-organized consumer education sections.

The site has been in operation for more than three years and has recently been re-launched with a new look, more insurance companies to choose from and a host of useful, easy-to-read articles about every facet of insurance. Company founders Ryan Patterson and Jim Waltrip are based in Austin, Texas.

For more information, visit http://www.USInsuranceOnline.com.

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Ryan Patterson

Mardi Wareham
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