Strictly speaking, life insurance is not an investment, but it is an important foundation for one’s investment strategies.

If you were in your 20s or 30s and somehow had a “Guarantee that you would live past 80; Then you would better off putting the amount of the premium away each month rather than buy the insurance. The problem with that logic is that “Life does not come with guarantees.” No other “investment” comes not only with a guarantee but with the full value on day one.

Sometimes things do work-out quite the way we plan. It might be helpful to Think of Life Insurance as “Plan B.” Once you have purchased a sufficient amount of Life Insurance to Replace your income after you are “Gone”, you can then build a long term investment strategy free from worrying about how your family will be able to cover their bills.

At Urban Insurance Agency, we can do filings to the Secretary of State for the states of Illinois, Indiana & Michigan. We can file the forms electronically, or give you a hard copy for you to walk into the Secretary of States office and present.

If you have any further questions call me at 312-664-8088

Yes, AIG is one of the many companies that Urban Insurance Agency has selected to represent.

For more than 45 years, Urban Insurance has been helping our customers save money on their insurance.

As an independent agency, we are able to select from the more than 20 different companies with whom we have contracts. This allows us to find just the right “Fit” for each of our customers; and guarantees that we will provide you with the correct coverage at the lowest prices.

To that end we are constantly evaluating the insurance market and searching for new companies that can fill the needs of our customers.
It is for that reason that we are proud to announce that we have added AIG to our list of companies.

About AIG

AIG is the world’s leading international insurance and financial services organization…and in the United States, the largest underwriters of commercial and industrial insurance. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG’s global businesses also include financial services, retirement savings and asset management. AIG’s financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Yes, GMAC is one of the many companies that Urban Insurance Agency uses to find you the lowest price on car insurance.

As an independent agency, we are able to select from the more than 20 different companies with whom we have contracts. This allows us to find just the right “Fit” for each of our customers; and guarantees that we will provide you with the correct coverage at the lowest prices.

To that end we are constantly evaluating the insurance market and searching for new companies that can fill the needs of our customers.

GMAC Financial Services is a leading global diversified financial services company with operations in about 40 countries that include automotive financing, real estate financing, insurance and commercial finance. At the end of 2006, GMAC held more than $287 billion in assets.

Urban Insurance Agency has been helping our customers save money on their car insurance for more than 47 years.

Over the past 47 years, Urban Insurance Agency has grown to one of the larger insurance agencies in Chicago. But as we have grown we have never lost site of our commitment to personal service. We take pride that after many years in business we are insuring children and even grand children of some of our first customers.

We represent many different companies in order to get the best coverage and most competitive rates.

Call us today at 1-800-680-0707 and let us show you how much money you can save.

No. You can start your insurance today with a small down payment and then make monthly payments.

At Urban Auto Insurance, we have the flexibility to tailor make a plan for you. We will do our best to work within your budget.

Give us a call and get started today.

Yes.

While you are welcome to come into an office, we can process your application by phone, fax, mail or Internet.

We have the ability to provide you with an “On-Line” Quote and then allow you to Bind and Print your own policy through our secure server. Click here to get a free car insurance quote now.

You can also contact us by phone at 800-680-0707 and ask questions and start your coverage with a live agent. Insurance is an important decision, we have licensed agents here to help answer any questions you need answered.

We can send your “Proof of Insurance” to you the same day, by Fax or Email, or we can mail the information via the U.S. Postal Service.

Urban Insurance Agency accepts Visa, Master Card, American Express, and Discover Cards, Checks, Money orders and cash at our offices.

Over the phone we accept Visa, Master Card, American Express and Discover cards.

Online Urban Insurance Agency accepts Visa and Master Card payments.

First, always keep an inexpensive disposable camera in your glove compartment to take pictures of the vehicles, the scene, and the people involved. This helps prove who was actually there. Don’t be shy about using it! Make sure your current proof of Insurance is in your glove compartment at all times. (It’s also the Law). Make sure you get all the relevant details from the other person, or persons, involved.

At the very least you need:

• Their name, address and phone number
• The name of their Insurance Company
• The make, model and year of car
• List of damage to cars involved including your car

You should then file an insurance claim, even if another driver caused the damage. You can do this by contacting us by phone at 312-664-8088. Also, you should immediately report the loss to the police if your vehicle is damaged by a hit-and-run driver, or if you suspect vandalism or theft. Without a police report, your insurance company could deny your claim.

The Mandatory Auto Liability Insurance Law requires all motorists to have auto liability Insurance on their vehicles or face SEVERE PENALTIES. If you are caught driving without insurance because you failed to keep up your monthly payments and your auto liability insurance is canceled you will be subject to the penalties of the law including license suspension, fines of $500 to $1,000 and even impounding of your car as well as the possibility of serious financial loss if you have an accident. You can avoid the risk of such penalties and by simply making your payments on time and keeping your insurance in force.

We average savings of over 45% over Geico.

At Urban Insurance Agency, we understand how hard you work for your money; that is why we search more than 15 different companies in order to find you the lowest rates. Our rates can save you hundreds of dollars per year on your car insurance.

In a recent article, titled Insurance.com’s 2006 Auto Insurance Pricing Report. They state that the average price their customers paid for insurance in the state of Illinois in 2006 was $1,496. This Average was based on best price offered by any of the following companies: Travelers, Liberty Mutual, Hartford, MetLife, Safeco, Geico and Progressive. Urban Insurance Agency’s average yearly price in Illinois for 2006 was just $806.

That is an amazing average savings of over 44% The more you compare auto insurance rates, the more you will love the rates offered at Urban Insurance Agency. That is why when we ask, Do you think you’re paying too much for car insurance? We know the answer is YES, unless you are insured with Urban Insurance Agency.

*Insurance.com’s 2006 Auto Insurance Pricing Report highlights the lowest average auto insurance rates viewed by over 1.1 million car insurance consumers on the Insurance.com platform in 2006*. The information comes from actual auto insurance quotes consumers received from over a dozen of the nation’s leading auto insurance companies who participate on Insurance.com’s comparative auto insurance platform.

This is insurance which in in force when you are driving home off duty, or getting the truck serviced. This is your people that are leased on to a carrier, use that companies ICC # and who are covered by that carrier while delivering goods, loading/ unloading, and doing work for the carrier.

How much insurance a person needs to carry is directly connected to the amount of your yearly income.

The purpose of life insurance is to help replace the income, to the family, lost when the wage earner dies. If you have people who are dependent on your income while you are alive, odds are they will still need much of that income after your gone. If your check is what pays the rent, the car, the electric bill, your spouse and or children, will still need to pay those bills, but you will know longer be bringing the money home. That is where life insurance plays such a critical role.

To figure out how much insurance you will have to purchase, begin by marking down the amount of your total family income. Under that figure mark your income, then subtract write the difference down on the page. Then calculate the amount of money that you yourself spend and bills that will not continue after your gone (For example your family might need one few cars, the cost of YOUR food, clothes, club dues etc.) subtract that cost from the above figure.

Contact the Department of Social Security, and inquire how much income will come from that source, deduct that amount from the above figure.

If you have any pension plans, retirement accounts and or life insurance at work, calculate the yearly income that could be earned from the interest on those monies (Total Dollars X 5% = Approximate yearly income), subtract that amount from the above figure.

The amount that you are left with is what your dependents will be short each year.

Take that number and multiply it by 20- that is the amount of insurance you will need. Or another way to figure is $200,000 insurance for each $10,000 of income you need to replace.

Traffic tickets are one of the things that show up on your motor vehicle report (MVR), but not the only thing.

The short answer is “The more tickets you have, the more you pay for car insurance. However, your MVR (Motor Vehicle Report) is only one factor impacting the rate of your insurance. All insurance rates, no matter what type, are based on three basic factors, Fixed costs, the amount of a potential loss, and the likelihood a loss will occur.

The fixed costs are the amount it costs to produce a policy. A company has to have a building, electric service, personal to enter the data, postage etc. These costs are, for the most part, unaffected by risk factors. The cost to process a policy is the same regardless of whether the risk is low or high.
The larger the amount of money an insurance company is on the hook for, the larger the premium they will need to collect. If an insured steps out one morning and finds that their 2002 Ford Taurus has been stolen, the insuring company’s exposure is $8,000. Imagine now that the missing vehicle is a 2006 Ferrari Enzo, suddenly the potential loss is over $1,000,000.00.

An equally important factor is “What is the likelihood a loss will occur?” Here is where tickets matter! Years of collecting data have shown that the more tickets one has, the greater the chance they will be involved in an accident. Younger drivers, will pay more than middle-aged drivers. Sports cars tend to cost more to insure than sedans. Cars that are frequently stolen, cost more to insure than lower risk autos.

All tickets are not equal. Parking tickets, improper display of license plates, do little to effect your rates. Speeding, stop sign violations, improper turns will increase your premium. Major violations such as DUI and reckless driving will drastically effect your rates and might prevent many companies from insuring you.

At Urban Insurance Agency, we can always get you covered, but a bad MVR will impact your rates.

Yes. Liability insurance is required by law in the state of Illinois.

The Illinois Mandatory Insurance Law requires ALL motorists to have auto liability Insurance on their vehicles or face SEVERE PENALTIES. If you are caught driving without insurance because you failed to keep up your monthly payments and your auto liability insurance is canceled you will be subject to the penalties of the law including license suspension, fines of $500 to $1,000 and even impounding of your car as well as the possibility of serious financial loss if you have an accident. You can avoid the risk of such penalties and by simply making your payments on time and keeping your insurance in force.

Yes. At Urban Insurance Agency, poor credit or no credit is never a problem!

More and more companies are running credit checks prior to providing an insurance quote. For example, Progressive, Geico car insurance, State Farm and esurance.com, are among a list of carriers that will not provide an insurance quote without first pulling your credit report.

The cost of bad credit can often be greater than having several tickets on your driving record.
Urban Insurance Agency does not surcharge for credit. This can save you hundreds of dollars.

Urban Insurance Agency has been helping people save on their car insurance in Chicago land for more than 45 years. We offer the lowest car insurance Quotes in Chicago on SR-22 filings, SR22 car insurance, non-owners, liability insurance and electronic filings. We can help drivers in Chicago, Illinois get the lowest quotes even if they have a DUI, suspended license or pending suspension. We also have low rates for Insurance on Tow trucks, Messengers and long and short trucking. We sell insurance in Illinois, Indiana, Michigan and Florida

Remember, no credit check at Urban Insurance Agency.

The short answer is yes.

The cost of any insurance policy is based on two variables, how much would the company need to pay in the event on a loss, and what is the likelihood of that loss happening.

If your car is very expensive to repair or replace, your insurance company is going to need to charge you more money. If you are a young driver, or have a bad motor vehicle report (MVR), the insurance company is going to believe that the odds of them paying a claim are greater, and again the company is going to reflect that level of risk in their rate they charge you.

For liability only policies, the Auto seldom makes any difference.

At Urban Insurance Agency, we welcome your calls. If you are planning on getting a new car, please give us a call first and we will be happy to provide you with a quote before you buy the car.

The answer is Yes and No. Even with a full-coverage car insurance policy, everything in your car isn’t necessarily covered.

Insurance companies make a distinction between “Standard equipment” and “Custom equipment,” Equipment that was factory installed is considered “Part of the auto” and is covered, “Custom equipment” is a different matter. Do not assume that custom equipment is covered!
Always check with your agent and be specific.

Also remember to keep receipts and pictures to support a future possible claim.

Contents not permanently installed in your car ARE NOT COVERED. This includes thing like CDs, clothing and yes a laptop. These items should be covered on your homeowner’s policy.

It is important to remember that there is not one policy that will cover all of your insurance needs. Different risks will require different separate insurance policies. The most common policies that individuals will need are Auto, Homeowners/Renters, Health and life insurance. Each of these products protect an individual from separate and also critical exposures.

Auto insurance has two basic parts; LIABILITY which covers the damages you do to others, and PHYSICAL DAMAGE (sometimes called Comp. and collision), which covers your own car for damage.

Life Insurance is designed to help replace the income, to the family, lost when the wage earner dies.

Health insurance is clearly designed to cover the high costs involved in getting sick. The average cost of a hospital visit is over $8,000, but stay for a week and the price tag can quickly reach $30,000, $40,000 or more. If fact, medical bills for long term treatment of cancer or diabetes can run into the hundreds of thousands of dollars. It is for that reason that many major medical plans will have lifetime benefits of $1,000,000 - $5,000,000.

Homeowner’s insurance covers damage done to your home, but also will cover the contents inside, as well as provide liability coverage against people slipping or in any other way, being hurt on your property. Homeowner policies are where miscellaneous property such as a bicycle, a guitar and your clothes are covered. Keep in mind there are definite limits spelled out in each policy.

From their August 24, 2008 Press Release:

Jesse White and MADD’s Innovative DUI Legislation Signed Into Law Legislation that cracks down on drunk drivers was signed into law today by Governor Rod Blagojevich. The new law is the result of joint efforts among Mothers Against Drunk Driving (MADD), Secretary of State Jesse White, and the legislation»s sponsors: Senator John Cullerton (D-Chicago) and Representative Robert Molaro (D-Chicago).

The law requires all first-time DUI who wish to obtain driving relief during the period of statutory summary suspension to install on their vehicles a breath alcohol ignition interlock device (BAIID). Motorists are required to blow into the BAIID, which measures their blood alcohol content levels. The device is designed to prevent DUI offenders from driving after having consumed alcohol.

“This is a new and innovative approach to deal with a very serious traffic safety issue,” said Secretary White. “Statistics show breath alcohol ignition interlock devices are very effective in preventing subsequent DUI offenses. As Secretary of State, my office will continue to do everything within its power to make the roads of Illinois as safe as possible.”

New Mexico implemented a similar law nearly two years ago and experienced in the first year a 12 percent reduction in alcohol related-fatalities. Moreover, studies show BAIIDs are effective in reducing subsequent offenses by up to 90 percent while on the vehicle.

“This is one of the most important pieces of DUI legislation passed in Illinois in several years because ignition interlocks stop vehicles from being driven by those who are drunk,” said Glynn Birch, national president of MADD. “Illinois continues to raise the bar for other states. MADD applauds the state of Illinois for protecting its motorists from the dangers of drunk driving.”

The law also increases the length of the statutory summary suspension from three months to six months for those offenders that failed the breath alcohol test at time of arrest and from six months to 12 months for those offenders that refused the breath alcohol test at time of arrest.

In addition, the law eliminates Judicial Driving Permits (JDPs) for first-time DUI offenders, and instead requires those offenders who wish to drive to install the BAIID before driving relief is granted. DUI offenders will be monitored during the entire time the BAIID is installed in their vehicles.

DUI offenders who cause death, great bodily harm, are under age 18 or have a prior conviction of reckless homicide are ineligible for driving relief.

“I would like to commend MADD for this initiative,” said White. “They are working to enact similar legislation throughout the country in an effort to prevent the senseless tragedies caused by drunk driving.”

The law goes into effect January 1, 2009.

FOR MORE INFORMATION CONTACT:
Dave Druker: 312-814-1506
Henry Haupt: 217-782-5984

More and more companies are running credit checks prior to providing an insurance quote. For example, Progressive, Geico car insurance, State Farm and esurance.com, are among a list of carriers that will not provide an insurance quote without first pulling your credit report.

The cost of bad credit can often be greater than having several tickets on your driving record.
Urban Insurance Agency does not surcharge for credit. This can save you hundreds of dollars.

Urban Insurance Agency has been helping people save on their car insurance in Chicago land for more than 45 years. We offer the lowest car insurance Quotes in Chicago on SR-22 filings, SR22 car insurance, non-owners, liability insurance and electronic filings. We can help drivers in Chicago, Illinois get the lowest quotes even if they have a DUI, suspended license or pending suspension. We also have low rates for Insurance on Tow trucks, Messengers and long and short trucking. We sell insurance in Illinois, Indiana, Michigan and Florida.

No credit check at Urban Insurance Agency.

The first step in shopping for a car insurance policy is to understand the parts that make up a typical Personal Auto Insurance policy.

A basic auto insurance policy usually includes six coverages (or parts).

1. Bodily Injury Liability. Bodily Injury Liability pays for injuries that the covered drivers, cause to someone else. In Illinois the minimum limits are $20,000 per person and $40,000 total Bodily Injury per accident. In Indiana the limits are $25,000 per person and $50,000 total Bodily Injury per accident. It’s critical that you carry enough liability insurance, because if you find your self the cause of a serious accident, you could be sued for a significant amount of money. Medical bills arising from a serious accident, particularly if several people are hurt, will certainly exceed the basic mandatory limits. Please remember, you can be held responsible for damages in excess of your policy limits. Yes they can take your home or other assets. It is for this reason that people often opt to by higher limits.
2. Property Damage Liability. Property Damage Liability pays for damage that the covered drivers, cause to someone else’s property. Examples include another car as well as damage you do a fuel pump, street light, guard rail, buildings or other structures your car hits.
3. Medical Payments or Personal Injury Protection (PIP). Medical Payments pays for the treatment of injuries to the driver.
4. Comprehensive Coverage. Comprehensive Coverage Portion of an auto insurance policy that covers damage to the policyholder’s car not involving a collision with another car (including damage from fire, explosions, earthquakes, floods, and riots), and theft. This coverage is usually sold along with Collision coverage. State law does not require comprehensive and Collision coverages but if you have a car loan, it is likely your lender will require you carry both coverages it until your loan is paid off.
5. Collision Coverage. Collision Coverage pays for damage to your car stemming from a collision with another car, object or as a result of your car colliding with the street. comprehensive and Collision coverages are written with a deductible. The higher your deductible, the lower your premium.
6. Uninsured and Underinsured Motorist Coverage. UNINSURED MOTORISTS COVERAGE protects a policyholder from uninsured and hit-and-run drivers.

Now that you have an understanding of the parts that make up a typical Personal Auto Insurance policy you can get a rate based on the limits that you need.

Urban Insurance Agency has been helping customers save money on their car insurance for more than 45 years. We represent sixteen different companies in order to find you the lowest price on your Auto Insurance.

No!

In almost all states, having a valid auto insurance policy is required. Even if you reside in one the few states that do not specifically demand you have an insurance policy, all states also have financial responsibility laws. This means that even if you live in a state that does not require a liability insurance policy, you still need to have sufficient assets to pay claims arising if you are the cause an accident. This does allow one with ample assets to “Self Insure”, though this is an extremely rare occurrence.
Overwhelmingly one who has enough money to set aside to “Self Insure” chooses not to purchase auto insurance.

If you don’t have adequate assets, you must buy at least the state minimum amount of insurance. For example of the state minimum limits for auto liability insurance. In Illinois the minimum limits are 20/40/15 or a limit of $20,000 for one individual, up to $40,000 coverage combined for all persons injured in an accident, and $15,000 coverage for property damage. In Indiana the limits are 25/50/10 In Mississippi they are 25/50/15.