Family Insurance

Family Insurance

Keep your Loved Ones Sage with Family Insurance

Oh, insurance. The quiet thief in the night that comes and takes your family income when you’re not looking. At least, that’s how it might feel. Family insurance might feel like a money sucker, but is one of the most important family investments you can make. Investing in a family insurance plan can save your family budget thousands of dollars.

Although different families need different kinds of protection from their family insurance plan, the one thing you want to make sure you do before deciding on family insurance is shop. There are multiple carriers out there and different types of family insurance plans. The basic insurance packages offered are:

All of these types of insurance are available in a family insurance plan. There are also other types of insurances that are not so common: pet, legal expenses, title, and travel insurances are just a few. Certain types of family insurances, family car insurance for instance, offers specific discounts when there are multiple cars or children on the family insurance plan.

Family Insurance Plans for Teenage Drivers

It’s one of the many “parents’ worst nightmare” scenarios – the day your children start to drive. Getting them insurance is not only safe, it’s the law, and bringing them under your own auto insurance will make the coverage more affordable for them. Almost all of the major auto insurance companies have family car insurance plans that include extra safety measures for your children at discounted rates.

  • State Farm – Good Student Discount offers up to 25% discounts; Multi-Car Discount offers up to 20% discounts
  • All State – Good Student Discount; Resident Student Discount (if you cover a student who goes to a school 100+ miles away)
  • Geico – Driver’s Education Discount, Good Student Discount, Multi-car discount up to 25%

Generally, a “good student” is someone with a B average on their report cards and ranges in age from 16-25. There are also driving programs for teen drivers from multiple insurance groups, such as American Family Insurance. They offer a Teen Safe Driver Program that uses innovative technology and parent feedback to help teens become safer drivers.

Family Health Insurance

Family health insurance is extremely vital. This covers everything from doctor check-ups for a sore throat to emergency hospital visits and chiropractor appointments. Most companies will offer health insurance to not just the employee, but to dependents and spouses as well. If you are not sure what your companies family insurance health policies cover, talk to your human resources department.

Understanding your Family Insurance

Figuring out the best family insurance option can be very challenging and stressful on both you and your spouse. Getting a general knowledge of family insurance before looking at specific plans can help release some of the tension. A helpful online guide is the Health Insurance Resource Center. The site has a 101 section that dives into issues surrounding the benefits of group insurance rather than individual, employer vs. non-employer plans and more.