Audi Car Online Insurance Quotes Cheap Car Insurance Quotes Ontario 2020

Audi Model Factors that Lower Auto Insurance Costs

Audi models are all about occupant comfort and this extends to safety in collisions as well. The Insurance Bureau of Canada reports that all Audi models perform better than average at protecting driver and passengers involved in accidents. Data collected from personal injury claims for all car accidents in the country show fewer than average claims from occupants of Audi vehicles.

Audi is also a leader in theft deterrent systems. Despite having high performance and major curb appeal, no Audi models appear on any most stolen lists for Canada. While it’s true that Audi owners may be more diligent about garage parking their vehicles. The Audi A4 and Q5 have even made a Least Stolen list.

Audi has seen a rise in overall popularity and brand perception over the last five years, at the same time that competitors such as BMW and Lexus experienced decreases. This stems from the company’s focus on innovation and thought leadership, rather than aiming for market position.

This trend results in increased sales. That in turn creates conditions for two particular potential savings points for insurance. As more Audi models hit Ontario roads, the more data insurers have on which to base risk, which likely reduces the number of Audi vehicles involved in accidents on a percentage basis. With a greater volume of vehicles, a better supply of parts may reduce overall car repair costs after accidents.

Audi Model Factors that Increase Auto Insurance Costs

Until the impact of increased sales hits the insurance statistics used by companies to set premiums, it’s likely that Audi models will continue to cost more to repair. The materials and precision manufacturing of parts contributes to the cost to build Audi vehicles and the accompanying higher sticker prices. IBC statistics show that except for a few model years, Audis cost more than average to repair after collisions.

While Audi models generally perform to high standards, there are some factors that may drive up insurance costs. In particular, Audi models prior to 2004 generally performed poorly in rear end crash testing. Though this is a 12 year old problem at time of publication, older Audis are still on the road. Premium construction and an owner’s tendency for regular maintenance gives these models good life and resale performance.

Tips for Finding the Lowest Audi Insurance Rates

The lowest insurance prices on Audi vehicles depend on factors related to car performance as well as the driver and chosen insurance company. If you’ve decided on an Audi, but haven’t chosen a model, here’s some hints about how each may affect insurance prices.

Generally speaking, SUVs, crossovers and four-door sedans score the lowest in risk due to their appeal to family-oriented owners. Models such as the A3, A4, A6 and S6 sedans and the Q3, Q5 and Q7 SUVs should score the lowest insurance rates.

The high-performance Audi TT and R8 weigh in on the other end of the scale. Both models are true sports cars for the luxury market in style and power output. Since vehicles of this nature are thought to invite more aggressive driving habits, insurers respond with higher risk ratings for these models. Higher risk means more expensive premiums.

Cabriolet and coupe models, such as those available in the A3 and A5 model lines, place between these extremes for insurance pricing.

Audi In Depth

Are You Going For An Audi? Get The Cheapest Audi Car Insurance Quotes.

Audi is known throughout the world as one of the three largest German luxury car manufacturers, alongside BMW and Mercedes-Benz. Audi manufactures their family of road and sports cars in nine production factories located throughout the world. Its headquarters is in Ingolstadt, Bavaria, Germany. Since 1966, Audi has been a subsidiary of the VW Group. At the time of purchase, Audi was known as the Auto Union. Volkswagen re-branded the vehicles and launched them back into the market the same year they purchased the brand. Audi is the Latin translation of the last name of the founder of the manufacturer, August Horch.

Safety

Audi’s models are equipped with most safety features expected in a luxury car. Most models are fitted with traction and stability control, side airbags, front and rear with curtain airbags, and driver and passenger airbags with knee airbags.

All Audi models have received high scores in NHTSA and IIHS safety and crash tests. The latest models haven’t been subjected to the new crash test from the IIHS, so they haven’t been awarded a Top Safety Pick score yet.

Maintenance and Repair Costs of Audi Cars

Many of the parts for Audi have to be imported. Because of that, Audis tend to be more expensive to run and maintain than other brands. When compared to other luxury cars like BMW and Mercedes-Benz, Audis’ repair and maintenance costs are average.

Damage Susceptibility Of Audi Vehicles

Audi’s models have received numerous awards for their reliability. German engineering has an excellent reputation throughout the world for their quality and reliability, and Audi is not an exception. Both Audi A5 and R8 have received ALG’s Canadian Residual Value Award that recognizes quality and long-term reliability.

Likelihood of Theft

Luxury cars are rare, so they tend not to be featured in most stolen cars list. Also, this type of vehicle comes equipped with an above average anti-theft system that often deters thieves. The Audi A4 has even been listed as one of the least stolen cars in Canada by the IBC.

Discover What You Could Pay for Audi Car Insurance

Find the insurance premium estimates for the Audi model that interests you by using the Ratelab car insurance calculator. Because it’s a free, no obligation service, you can run the calculator a number of times to compare Audi models and various insurance coverage options. Estimates base on the information you add, so the more accurately you complete the forms, the closer your quotes will be to the actual policy you’ll purchase.

Have information ready for yourself, any other drivers you’ll add, current car insurance information and whatever you know about the Audi that you have in mind. Simply follow the steps through to the end. The complete process, from data to quote, takes less than 10 minutes, then you’ll know what your new Audi costs to insure.

Start the process now by entering your postal code in the space provided at the top of the page. Data entry takes just a few minutes and up to 10 low cost estimates return to you quickly. It’s the best way to complete the most thorough car insurance comparison shopping.


Car Insurance in Ontario

As with every province in Canada, all vehicles using Ontario’s roads must carry insurance meeting minimum standards. The consumer market is served by the private insurance industry although it is subject to heavy regulation. Auto insurance providers retain plenty of control, as long as they declare rates and underwriting practices to the Financial Services Commission of Ontario, the body that oversees the insurance market. Once an insurer has approval for its procedures from the FSCO, it must follow these to the letter.

The car insurance consumer in Ontario retains choice within a competitive market. Even though Ontario has some of the highest insurance prices in Canada, a motorist can find hundreds of dollars difference between comparable auto policies between competing insurers. Comparing quotes between insurance companies remains the best way to find affordable prices as well as appropriate coverage.

Driving without insurance carries fines for the vehicle owner. These range from $5,000 to $50,000. Cars can also be impounded and driver’s licenses may be suspended, depending on the circumstances.

A motorist purchases insurance through one of three sources in the province. Insurance agents work directly for an insurance company and represent only that company’s products. Insurance brokers represent several insurance companies and offer a limited level of comparison shopping for their customers. Finally, direct writers are insurance companies that deal directly with motorists. In today’s insurance market, direct writers frequently distribute insurance through online sales.

Driving in Ontario

Ontario has come a long way from its origins based around water travel. Two water routes defined the province early in its existence. Both originated near Montreal. The northern route followed the Ottawa River west through present-day North Bay, Sault Ste. Marie, Thunder Bay and beyond. Originally travelled by fur traders, many waterways along this route later carried timber.

The southern route followed the St. Lawrence River into Lake Ontario and Lake Erie. Travel along this route supported both European settlers and United Empire Loyalists. These bodies of water later formed the naval routes during the War of 1812.

As modern society turned to cars, the Northern route fell from favour and the McDonald-Cartier Freeway, Highway 401, became the transportation spine of the province. Since the completion of the 401, other controlled access highways followed. The Queen Elizabeth Way connected Toronto to Buffalo in New York State. Other roads in the 400-series highways grew from local traffic needs. Highway 400 emerged as the main north-south route out of Toronto, with others, such as the 404 and 410, supporting suburban commuter traffic. Today, the 401 remains the busiest highway in Ontario, the busiest highway in North America and therefore one of the busiest highways in the world.

Road Information for Ontario

Ontario’s Ministry of Transportation oversees roads, rail and anything that moves people in the province. The MTO provides many resources for motorists in the province. Given that Ontario is a place with extreme weather between seasons and with densely populated regions in the southern parts of the province, the MTO supports motorists with information on road conditions and traffic flow.

The Ontario Highway Traffic Act holds the laws that govern vehicular traffic in the province. First issued in 1923 to deal with the increase in motorized vehicle traffic and the problems that these created, the Highway Traffic Act covers licensing, registration and operation of motor vehicles. Traffic laws, vehicle classifications and other transportation-related legislation is contained within the Act. In 2009, the latest revision added laws covering the use of cell phones in vehicles.

Finding Affordable Car Insurance in Ontario

Where you live in Ontario has a big effect on the price you pay for auto insurance. While the average annual rate for a driver with a clean record is about $1,600 annually, prices range from around $1,000 in the Kingston and Belleville area to over $2,000 in the cities of Brampton and Vaughan, north of Toronto.

The provincial government requires a minimum amount of insurance that most motorists enhance with optional coverage. There are a wide range of optional insurance products and services on offer from most companies. Any driver can customize their policy to meet their own particular needs.

The best way to find the right coverage at the lowest rates requires aggressive comparison shopping, since over 100 companies sell car insurance in the province.

Perhaps the best way to thoroughly shop is through Ratelab’s car insurance calculator. With dozens of insurance industry partners, Ratelab takes your car insurance requirements and finds the best match for products and price. The service costs nothing, and you’re under no obligation. The premium estimates you receive give you the most affordable options upon which to finalize your policy.

Learn About the Mortgage Insurance Premium Tax Deduction

Mortgage insurance premiums can increase your monthly budget significantly. They averaged between $100 and $200 a month as of the end of 2016. But sometimes they’re tax deductible—at least through the end of that tax year.

The Protecting Americans from Tax Hikes Act
The Tax Relief and Health Care Act first introduced the mortgage insurance deduction in 2006. Congress extended it in 2015 when it passed the Protecting Americans from Tax Hikes (PATH) Act. But under the terms of the PATH Act, the deduction expired on December 31, 2016. The extension was only good for one year.

The deduction may not be gone for all time because Congress can renew it. This is one of those deductions that the government reviews annually, and it may be addressed under President Trump’s tax reform bill, which he has said is aimed at helping middle-income families.

Taxpayers who can claim this deduction are middle-income families because it phases out and becomes unavailable at higher income levels. Deductions for mortgage interest and real estate taxes remain safe in 2017. Only the mortgage insurance deduction is in limbo.

Mortgage Insurance
Lenders typically require private mortgage insurance to secure the debts in the event of default. It’s charged to buyers are unable to make down payments of at least 20 percent. The insurance policy can be issued by a private insurance company or by the Federal Housing Administration, the Department of Agriculture’s Rural Housing Service or the Department of Veterans Affairs.

Loans That Qualify
The mortgage insurance premium deduction applies only to loans taken out on or after January 1, 2007. The insurance policy must be for home acquisition debt on a first or second home. A home acquisition debt is one whose proceeds are used to buy, build or substantially improve a residence.

You typically can’t rent the second home out – you must use it personally, such as a vacation home. You might still qualify a deduction, however, if you treat the second home as an income-producing business asset. Home equity loans don’t qualify for the deduction, nor do cash-out refinances. However, refinance loans up to the amount of the original mortgage are covered.

Income Limitations
You’re not eligible to claim this deduction if your adjusted gross income exceeds $109,000, or $54,500 if you’re married and filing a separate tax return. The deduction begins “phasing out” at lower income limits: $100,000 for single, head of household and married filing jointly taxpayers, and $50,000 for married taxpayers who file separate returns. This phase-out requires that you must subtract 10 percent from the amount of the premiums you paid for each $1,000 that your income exceeds $100,000 or $50,000, whichever number is applicable.

You can find your AGI on line 37 of your Form 1040 tax return.

Claiming the Deduction
Mortgage insurance premiums paid during the year are reported on Form 1098. You should receive this form from your lender after the close of the tax year. You can find the amount you paid in premiums in box 4. There’s currently no limit on the amount of the deduction you can claim if you and your loan qualify.

You can deduct this entire amount. Prepaid insurance premiums can be allocated over the term of the loan or 84 months, whichever period is shorter, under a ruling from the IRS announced in Notice 2008-15.

Mortgage insurance premiums are an itemized tax deduction. They’re reported on line 13 of Schedule A, “Interest You Paid.” You can’t claim the mortgage insurance premiums deduction if you claim the standard deduction – you must itemize using Schedule A.

Canceling Your Insurance
Because there’s no telling when or if Congress will breathe additional life into this deduction, it can pay to check your current mortgage balance against your home’s fair market value. You no longer have to pay private mortgage insurance when your equity in the property exceeds 20 percent, but it’s unlikely that either your lender or the

insurer will point this out to you.

No one is going to voluntarily cancel your policy for you when you hit this magic number – but you can. Be prepared to have your home appraised or a value otherwise assigned by a professional so you can prove the insurance is no longer required. Even if it turns out that Congress does not renew the credit, you may be able to save some money regardless by taking steps to cancel your policy.

CheckOut: Mortgage Origination and Discount Points: Understanding the Basics


NOTE: Tax laws change periodically, and you should consult with a tax professional for the most up-to-date advice. The information contained in this article is not intended as tax advice and is not a substitute for tax advice.

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Our innovative film programs are designed for a new generation of storytellers. With an unrivaled approach to hands-on, interactive learning, students find themselves completely immersed in their course of study from day one. Classes are taught by award-winning industry professionals, in a real-world environment with state-of-the-art facilities and equipment.

If filmmaking is your passion, attending film school will help put your dream into practice. The Academy’s visual arts offerings include:

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NYFA was the first exposure I got to any kind of formal education in filmmaking. It was my “ABC’s,” the first steps I took to make movies professionally. It was very emotional for me to shoot a scene with Robert De Niro and Ellen Barkin, two legendary New Yorkers, a few blocks from the school. It definitely felt like those two moments in my life, being a film student and directing my dream movie, were connected.JONATHAN JAKUBOWICZ
Director of ‘Hands of Stone’
starring Robert De Niro


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What are Insurance Coverages?

The coverage of an insurance, also called guarantees, are the benefits that are defined and specified in the particular and general conditions of the contracts of the policies. With the coverages the insured is protected up to the agreed economic limit, of the consequences that derive from an accident.

In any insurance, coverage or guarantees are the most important thing to consider when you are going to hire one. Look well at the risk you are running and what are the best coverages you choose for the compensation to cover the damages caused. If the type of insurance is complex, it is essential that you have the advice of a professional because it will inform and guide you at all times.

Car insurance coverage

By law, the main coverage that the car insurance has is that of Obligatory Civil Liability, which guarantees to cover the physical and material damages that the vehicle may cause to a third party. The three common car insurances are third party insurance, extended third party and all risk. From there, the insured can add the coverages that he needs. Below, I detail what coverages are in each type of insurance.

Third party insurance

  • Voluntary Civil Liability. Increases the indemnification of the Obligatory Civil Liability up to 50 million euros.
  • Legal defense and claim of damages.
  • Accidents of the driver with medical assistance.
  • Travel Assistance

Third party insurance extended

All the same coverages as third party insurance with the addition of:

  • Theft of the vehicle
  • Break of moons
  • Fire

Comprehensive insurance

They include the coverages mentioned in the third party insurance and extended third parties. But, in addition, the coverage of own damages that can be caused by the same driver when there is no contrary or by inclement weather is added.

Optional car insurance coverages

  • Sustitution vehicle
  • Collision with game animals
  • Withdrawal of license
  • Subsidy for withdrawal of license
  • Total loss of the vehicle
  • Compensation for immobilization

Home insurance coverage

Home insurance must cover two risks to which a home is exposed. On the one hand, the damage suffered by the house; and, on the other, the damages that may be caused to third parties.

Thus, Civil Liability is essential to hire, provided that one wants to be calm and free of an accident that can have repercussions in having to pay large financial expenses.

Basic home insurance covers the most elementary of the damages you may have. These coverages -mainly very limited- are:

  • Fire
  • Flood
  • Theft
  • Glass breakage
  • Legal defense

The optional coverages of home insurance are:

  • Extended legal defense
  • Coverage of jewelry and valuables
  • Water damage extended
  • Pet Civil Liability
  • Appliance repair
  • DIY and plumbing services
  • Coverage of the garden
  • Theft in the home
  • Street robbery

Health insurance coverage

We could classify health insurance into three types, which are the medical chart without copayment, medical chart with co-payment and reimbursement of expenses. In all these variants you have access to a list of professionals and health centers.

These three modalities differ when you use medical services. In the medical table without co-payment, the insured does not pay for any service if he goes to the centers specified by the company.

In the case of the medical chart with co-payment, the insured pays some of the services that he requires based on rates already established by the insurer.

And in the medical chart with reimbursement of expenses, the insured can access the center or professional who wishes and is not on the preset list, since the company will return most of the cost of the invoice.

The basic coverages of the medical staff are:

  • Unlimited access to centers and professionals listed by the insurance company.
  • Hospitalization
  • Nursing
  • Emergency
  • Special treatments
  • Preventive medicine
  • Family planning

There are some optional guarantees that can be added to a basic medical chart. For example:

  • Dental coverage
  • Plastic surgery
  • Health coverage before risk activities
  • Second medical opinion service
  • Homeopathy

Life insurance coverage

Life insurance carries a mandatory coverage in hiring, it is death coverage. Thus, if the insured dies, the company will pay compensation to the beneficiary. This is the main life insurance coverage. But there are different options that can be added:

  • Permanent physical disability due to an accident or illness.
  • Permanent professional disability due to an accident or illness.
  • Severe disease such as myocardial infarction, cancer, kidney failure, vital organ transplant, cerebrovascular accident.
  • Double compensation capital in case of accident.

Insurance coverage is the amount of risk or liability that is covered for an individual or entity by way ofinsurance services. Insurance coverage, such as auto insurance, life insurance – or more exotic forms, such as hole-in-one insurance – is issued by an insurer in the event of unforeseen occurrences.

5  Types of Car Insurance Coverage Explained

1. Liability Insurance

Liability insurance covers you in the event you are in a covered car accident and it is determined the accident is a result of your actions. Liability insurance will cover the cost of repairing any property damaged by an accident as well as the medical bills from resulting injuries. Most states have a minimum requirement for the amount of liability insurance coverage that drivers must have. If you can afford it, however, it is usually a good idea to have liability insurance that is above your state’s minimum liability coverage requirement, as it will provide extra protection in the event you are found at fault for an accident, as you are responsible for any claims that exceed your coverage’s upper limit. You wouldn’t want to run the risk of having to pay a large amount of money because your policy limit has been exceeded.

2. Collision Coverage

If there is a covered accident, collision coverage will pay for the repairs to your car. If your car is totaled (where the cost to repair it exceeds the value of the vehicle) in an accident, collision coverage will pay the value of your car. .

If your car is older, it may not be worth carrying collision coverage on it, depending on the value. On the other hand, if you have a more expensive car or one that is relatively new, collision insurance can help get you back to where you were before any damage to your car. Note: If you have a lienholder, this coverage is required.

3. Comprehensive Coverage

What if something happens to your car that is unrelated to a covered accident – weather damage, you hit a deer, your car is stolen – will your insurance company cover the loss? Liability insurance and collision coverage cover accidents, but not these situations. These situations are covered by Comprehensive (other than Collision) coverage.

Comprehensive coverage is one of those things that is great to have if it fits in your budget. Anti-theft and tracking devices on cars can make this coverage slightly more affordable, but carrying this type of insurance can be costly, and may not be necessary, especially if your car is easily replaceable. Note: If you have a lienholder, this coverage is required.

4. Personal Injury Protection

While Comprehensive coverage may be something you don’t need to purchase, Personal Injury Protection (PIP) is something you should. The costs associated from an accident can quickly add up, and in order to cover those costs Personal Injury Protection is available. With this coverage, your medical bills along with those of your passengers will be paid, no matter who is at fault for an accident. Note: This coverage is not available in all states.

5. Uninsured /Underinsured Motorist Protection

While state laws mandate that all drivers should be insured, this is unfortunately not always the case. Another issue that can arise is that while a driver may have liability insurance, many states have relatively low minimum coverage requirements that may not be enough to cover all of the expenses of an accident. So, if someone is legally responsible for damages related to an accident, you won’t receive any payment if they do not have coverage or you will receive less than you need to cover the cost of damages if your damages exceed their coverage amount. This is the type of situation where Uninsured and Underinsured Motorist Protection would help with expenses.

5 Tips for Buying a Long Term Travel Health Insurance

5 Tips for Buying a Long Term Travel Health Insurance

Traveling is one of the best ways to discover something new in life. There are so many places in the world that can tell us fascinating stories about ancient times, lifestyle of different cultures, as well as get us acquainted with variety of national cuisines and customs.

Sometimes, even a week of vacation may be not enough to get all from the trip, especially if there’s more than one destination in your travel list.

When you have everything well planned it’s a pity if something goes wrong in the middle of your trip.

Sometimes, an unexpected flu can spoil your whole vacation. To prevent you from being caught off guard with such problems, you’d better take care of health insurance well in advance.

Here are 5 tips you have to know about travel health insurance, when planning a long term travel:

1. Make sure your health insurance covers all your destinations

If you’re going to have a tour around Europe or visit a couple different countries over the world, you have to be sure that matters concerning your health will be solved any place you go, if it comes to that.

Before buying an insurance make sure it will cover your medical treatment in every country.

Some of the insurance companies offer a worldwide medical coverage, while others may cover only particular countries.

There are also countries that are excluded from worldwide policies. They’re usually considered dangerous for tourists.

2. Amount of coverage

One of the most important things about medical insurance is a coverage limit on your medical expenses. Insurance companies provide different coverage limits.

It goes without saying that more expensive policies will cost you higher amount. But don’t go cheap with your health.

An average coverage provided by the companies is around $100,000. That amount is pretty enough to cover most of the unexpected expenses concerning your health during the trip.

Also, you have to be aware that some companies don’t cover pre-existing conditions (if you have asthma, back pain, diabetes, etc), and some can even refuse coverage due to these conditions.

So be very careful and clarify all the details concerning that matter with your insurer before buying the insurance policy.

3. Build your own policy plan

Today, insurance companies try to do their best to provide you with a great number of services. You can choose between different policy plans they have, and tailor them however you want.

It gives you an opportunity to find the most suitable plan that meets all your needs.

For instance, you may choose from different options to set the area and length of insurance coverage, and discuss cases to extend it.

Look for the companies that offer all that flexibility and take advantage of their unique benefit options.

4. A few travel insurance options to consider

Some companies provide policy plans that look up to different categories of travelers.

For instance, if you have the spirit of a real adventure seeker, and can’t imagine your life without discovering new cultures, then you may consider an annual insurance plan as the most suitable for you.

If you’re a student who’s striving to get most of the fun years of youth and to see as much interesting places as possible, you may think of a student insurance cover.

Moreover, insurance companies sometimes try to attract student with some special offers on very pleasant conditions.

Some of us have a lot of business trips. That’s why insurance companies have something to offer for business ladies as well – a business insurance plan is all you need.

Actually, no matter who you are, always ask your insurer about all offers they have and don’t miss your chance to find the most suitable policy for you.

5. Where to buy a health insurance

Nowadays, it’s not a big deal to find where to buy an insurance policy. If you organize your trip via travel agency, be sure that your travel agent will offer you to buy a policy provided by them.

You may also consider online brokers or your current insurance provider. Anyway, look for the best offers, do Google researches, and choose the most suitable for you.

Hopefully, these little tips will help you find a very good health insurance for long term travels. When it comes to choosing an insurance company, doing your own research is a must.

Remember one more thing – it’s better to have an insurance policy and not to use it during the trip, rather than be stuck in a foreign country thinking where to get money for medical care, if something will happen.

What do you think?

Car Insurance Tips for Large Families

Before taking a car to the street it is mandatory that you have the vehicle insurance, which covers the risks of driving in case of having an accident. The contracting of car insurance covers the civil liability of the owner and the driver of the car – in case it is not the same person – for the damages and injuries caused to third parties.

Virtually all insurance companies allow you to extend the Civil Liability of your policy with the Voluntary Civil Liability modality, a recommended insurance for large families. This covers the damage that the rest of occupants of your vehicle may cause to a third party. For example, if your child throws an object through the window and it hits the car behind you, your insurance will be liable for the damage caused, but if you do not have this guarantee, you will have to pay for the repair.

In families with children who have a driver’s license and want to use the insured vehicle, it is convenient to declare it in the company and if it is under 25 years old it is mandatory by law.

Currently, there are thousands of offers to buy car insurance. Get advice from an insurance broker. For a price very similar to Internet offers, the broker will solve your doubts and offer a comparison of prices and coverages in different companies.

The first thing large families should know when securing the car

Decide if you want third party insurance or all risk. If the car is new, the best is a risk. But a complete third party is a good option.

If you choose a risk, decide if you want it with or without franchise. With franchise the price of insurance will be reduced. You will only pay the franchise if you are guilty or there is no guilty party for sinister.

Check the quality-price. A low premium price is proportional to a reduction in coverage.

See if you have a reduction in the price of insurance for not having had accidents in recent years. But if you have declared an accident as guilty you may have surcharges.

Read carefully the conditions of the insurance company if you have a claim. See if you can freely choose the workshop and if the travel assistance is from Km 0.

If one of the parents has other insurance contracted, some companies issue special discounts.

When hiring your auto insurance

To get the best price, we recommend having your current policy and the vehicle’s documentation on hand.

Keep in mind if it is a new or used vehicle, if you use it regularly or sporadically, also if a new person is going to drive it.

In the case of the minivan, it is convenient that you do not lose sight of the fact that it is a family car. It is a car that will be surrounded by children and therefore is more likely to receive scratches and unintentional blows from children. Open the door too strong or not fixed, and grate it without realizing it. They are small family accidents more common than you think.

Do not look only at the basics. Compare the insurance coverage: if there is compensation for death and disability, compensation in case of theft or total loss. In the case of large families, it includes travel assistance coverage and, according to the policy, it could include a replacement vehicle, taking into account the number of seats in the usual vehicle.

Personal injury attorney: Legal Guidance for Cape Coral !

For most of us, encountering a problem that requires venturing into the legal system or finding ourselves unwillingly embroiled in a lawsuit can be a stressful and unexpected experience. Even if you have some knowledge of the legal system, retaining a knowledgeable attorney can mean the difference between a long ordeal and a quick and satisfactory resolution of your claim. At Martin Law Firm, our Fort Myers and Cape Coral personal injury lawyers have assisted victims throughout Southwest Florida with asserting their rights. We also can handle a wide variety of bankruptcy, family law, and estate planning and probate matters. Regardless of the situation that you are facing, you can rest assured that our team will approach you and your case with the attentive and zealous legal counsel that you deserve. Our firm maintains offices in Cape Coral, Fort Myers, Naples, Tampa, and Miami.

Personal Injury

Some of the most common ways in which harm may befall a victim include car accidents, motorcycle crashes, and bicycle accidents. If you are injured in one of these types of collisions, you can bring a negligence claim against the individual who caused your injuries. In general, you will need to show that they failed to act with ordinary and reasonable care at the time of the accident and that this failure was the direct cause of the injuries that you suffered. A typical way to show that the defendant failed to use due care is by proving that they violated a statute or law at the time that the crash occurred, which can often be done by obtaining a copy of any police reports prepared in response to the accident. A seasoned personal injury attorney in Cape Coral or Fort Myers can help you assess your situation and determine whether you may have a claim for damages against the person or entity that hurt you.

Bankruptcy

Whether you have a substantial amount of personal debt or are experiencing monetary pressures at your business, a bankruptcy proceeding may be the smartest and quickest way to take back control of your financial situation. Chapter 7 is often best suited for people who have a large amount of debt, while a Chapter 11 proceeding is typically used to help a business continue operating while its debt is reorganized and a repayment plan is developed. There are very specific procedures and requirements that you must follow when initiating a bankruptcy proceeding, including specific forms that you must fill out. In general, you will be asked to provide information about your finances, income, contractual obligations, mortgages, and outstanding unsecured debts. A knowledgeable bankruptcy attorney can provide substantial help with navigating this process and with ensuring that you protect your assets as much as possible during a bankruptcy.

Family Law

At the Martin Law Firm, we have assisted Southwest Florida residents with family law matters related to divorce proceedings, alimony payments, and child custody arrangements. Even if you agree with your spouse or ex-spouse on many of these issues, it is a good idea to consult with an attorney to ensure that you understand the full scope of your rights and that you protect your interests at each step of the proceedings. It is not unusual for the spouses to initially agree about a plan but eventually reach a point of disagreement during the legal process that turns the matter into a heated dispute. Involving an attorney at the beginning ensures that you will be ready for any turn of events.

Estate Planning

Many people assume that estate planning is necessary only if you are wealthy. In reality, it is important for anyone, and surprising complexities can arise. There are many different issues that an individual or married couple ought to consider when determining what will happen to their assets upon their death. Some of the most important issues to consider include tax implications and ensuring that you have sufficient income to support you throughout your lifetime. At the Martin Law Firm, our attorneys are a married couple who understand the nuances of drafting an estate plan and who can walk you through the process step-by-step to ensure that you have addressed every consideration and that you are content with the final product. You should not put off this important matter. Contact our diligent estate planning lawyers today.

Probate

Losing a loved one is perhaps the most painful and life-altering experience that we may face in our lives, regardless of whether the loss was unexpected or not. While you are dealing with grief and tending to your loved one’s possessions, the last thing that you should need to address is ensuring that you are administering the estate appropriately. There are specific rules regarding how a deceased person’s affairs must be handled following their death, particularly when the individual left a will or trust to dispose of their assets. At the Martin Law Firm, we take pride in providing reliable and personalized legal services to ordinary individuals during times of stress. Our goal is to ensure that the transition occurs as smoothly as possible and that your family and you are not bogged down with legal issues and unreasonable delays during this time. Contact our experienced probate lawyers to learn more about how we can assist you and your family during your time of need.

Contact a Dedicated Personal Injury Lawyer in Cape Coral or Fort Myers

At the Martin Law Firm, we treat each client with the respect and dignity that they deserve, regardless of the legal issue that they are facing. Our team of attorneys has experience across a broad variety of cases and is ready to address multifaceted situations in which many different concerns arise simultaneously. The first step for many people is to learn more about their legal rights and how to protect them, which is why we offer a free consultation to discuss your situation and how we may be able to assist you. Our Fort Myers and Cape Coral personal injury attorneys proudly represent ordinary people in Naples, Miami, Tampa, and other areas of Southwest Florida. Call us now at 1-844-465-4357 or contact us online to get started.

Why A Personal Accident Insurance Policy is The First Insurance That You Should Buy?

Chances are high that you might have already bought term and health insurance policies and now you are happy that you have properly protected yourself.

But before you put your insurance planning on a back seat, it is necessary to find out the gap in your insurance portfolio.

Your term insurance policy will pay money to your family only if you die.

In case you survive the term, you will not get anything in return. What if God forbid, you have an accidental disability which causes loss of income as well?

In addition to medical expenses, there will be other expenses like household expenditure, loan EMIs etc.; which you would have to deal with.

However, without income, you might find it difficult to deal with all these expenses. On the other hand, because you are alive, your term insurance company will not pay anything.

Consequence: You will have to pay all your medical expenses without any financial support from anywhere.

If after an accident, you are in a hospital, your health insurance policy will take care of your medical bills up to a certain limit. However, in addition to medical expenses, you may have to experience loss of income as well.

Consequence: You will have to pay the remaining medical expenses along with making proper arrangement to recuperate from the financial loss that may arise due to loss of income.

So where is the solution?

Even after buying health and term insurance policies, a gap is there in your insurance portfolio, which you can fill with a personal accident insurance policy only.

Mainly covering all sorts of disabilities, here are some of the benefits of purchasing a personal accident insurance policy:

  • A basic accident insurance policy covers both accidental death and disability and can be further enhanced to get extra cover
  • From minor to major, a personal accident policy covers all types of accidents ranging from falling off a stair at home, fracturing an arm while playing football to getting hit by a vehicle
  • It is a useful policy as it offers coverage against partial, temporary, or full disability and even the loss of income
  • Some of the policies are bundled with extra features like child education allowance, coverage for injuries caused due to terrorism, transportation of mortal remains, etc.

Some Horrifying Statistics:

  • 400 road accident deaths/day took place in 2015
  • Due to natural calamities, 20,201 people died in 2014
  • 29,903 people died due to drowning in 2014
  • Over 1.13 lakh people died in fire accidents in last six years
  • total of 27581 Indians died in railway accidents in 2014
  • More than 200 people died and 330 severely injured in train accidents in the last one year

When should you buy and how much coverage is sufficient?

Remember, accidents can happen even in four walls of your house, so, it is necessary to buy a personal accident insurance policy be 100 times of your monthly salary.

It means, if your monthly salary is Rs 5,000, your personal accident coverage should be minimum Rs 50,00,00.

Make sure to buy the policy when you are young because the chances of meeting with accidents are high during that phase of life.

How much payout is available?

It depends on the type of disability and injury, whether that injury is covered or not.

In case of death or loss of two limbs or hands, the insurer pays the entire sum insured, however, in case of loss of one eye or one hand, the insurer will pay half the amount.

The following is the payout made by most of the insurers:

LOSS OF USE/ ACTUAL LOSS BY PHYSICAL SEPARATION OFPERCENTAGE OF CAPITAL SUM INSURED
Sight of both eyes100%
Both hands100%
Both feet100%
One hand and one foot100%
One eye and one hand or one foot100%

How to claim?

Indeed, the claim process of a personal accident insurance policy is simple as you don’t need to undergo any medical tests to prove your injury.

While, it is necessary to inform the insurer within the stipulated period, you only need to submit information like your contact details, policy copy, brief of the accident, medical report etc.

Once you have submitted all the necessary documents, your claim would be settled.

Is it costly?

No, not at all, in fact, the premium of a personal accident policy is much cheaper than term insurance policies.

For a Rs 5 lakhs personal accident insurance coverage, you will need to pay only Rs 1,482/year, which is around Rs 123 a day.

Moreover, the premium of a personal accident insurance doesn’t depend on the age of an applicant as it is the occupation which plays an important role in deciding the premium.

Therefore, a 25- year old crime reporter will pay higher premiums as compared to a 50-year old dentist.

Furthermore, when you decide to buy the policy online, you get lucrative discounts as well.

With online personal accident insurance policies, the insurer saves on policy administrative costs, which are then passed on to policyholders in the form of cheaper premium rates.

Also, some insurers offer long-term personal accident insurance policies for two or three years in one go. Go for such plans and save your money!

For the premium calculation, insurers can classify occupations under the following heads:

CLASS 1 (LOW RISK)CLASS 2 (HIGH RISK)CLASS 3 (VERY HIGH RISK)
TeacherVeterinary Doctors
DentistBuildersCircus Performers
AccountantGarage MechanicsProfessional River Rafters

Standalone or rider?

If after reaching at this stage, you have decided to buy a personal accident insurance policy, the next step is to choose between a full-fledged insurance policy and rider.

It is strongly advised to go with a standalone personal accident insurance policy which is more comprehensive than a rider.

Further, a standalone policy covers various types of losses, including partial or temporary disability along with loss of income, whereas a rider covers only the accidental death and permanent disability.

Also, you might be covered under your corporate personal accident insurance, but still it is necessary to buy your personal accident insurance policy.

A personal accident coverage should be minimum 5-10 times of your annual salary, but your employer’s coverage may be of a lesser amount.

Further, the group personal accident insurance policy will cease to exist when you leave your job. You can also extend your individual accident insurance to cover your family members as well.

Remember, while you can’t stop accidents from happening, you surely can protect it by having a proper safeguard in the form of a personal accident insurance policy.

By the way, I hope you have the answer of the question—why personal accident policy is the first insurance that you should buy?

Learn About the Mortgage Insurance Premium Tax Deduction

Mortgage insurance premiums can increase your monthly budget significantly. They averaged between $100 and $200 a month as of the end of 2016. But sometimes they’re tax deductible—at least through the end of that tax year.

The Protecting Americans from Tax Hikes Act 

The Tax Relief and Health Care Act first introduced the mortgage insurance deduction in 2006. Congress extended it in 2015 when it passed the Protecting Americans from Tax Hikes (PATH) Act. But under the terms of the PATH Act, the deduction expired on December 31, 2016. The extension was only good for one year.

The deduction may not be gone for all time because Congress can renew it. This is one of those deductions that the government reviews annually, and it may be addressed under President Trump’s tax reform bill, which he has said is aimed at helping middle-income families.

Taxpayers who can claim this deduction are middle-income families because it phases out and becomes unavailable at higher income levels. Deductions for mortgage interest and real estate taxes remain safe in 2017. Only the mortgage insurance deduction is in limbo.

Mortgage Insurance 

Lenders typically require private mortgage insurance to secure the debts in the event of default. It’s charged to buyers are unable to make down payments of at least 20 percent. The insurance policy can be issued by a private insurance company or by the Federal Housing Administration, the Department of Agriculture’s Rural Housing Service or the Department of Veterans Affairs.

Loans That Qualify 

The mortgage insurance premium deduction applies only to loans taken out on or after January 1, 2007. The insurance policy must be for home acquisition debt on a first or second home. A home acquisition debt is one whose proceeds are used to buy, build or substantially improve a residence.

You typically can’t rent the second home out – you must use it personally, such as a vacation home. You might still qualify a deduction, however, if you treat the second home as an income-producing business asset. Home equity loans don’t qualify for the deduction, nor do cash-out refinances. However, refinance loans up to the amount of the original mortgage are covered.

Income Limitations 

You’re not eligible to claim this deduction if your adjusted gross income exceeds $109,000, or $54,500 if you’re married and filing a separate tax return. The deduction begins “phasing out” at lower income limits: $100,000 for single, head of household and married filing jointly taxpayers, and $50,000 for married taxpayers who file separate returns. This phase-out requires that you must subtract 10 percent from the amount of the premiums you paid for each $1,000 that your income exceeds $100,000 or $50,000, whichever number is applicable.

You can find your AGI on line 37 of your Form 1040 tax return.

Claiming the Deduction

Mortgage insurance premiums paid during the year are reported on Form 1098. You should receive this form from your lender after the close of the tax year. You can find the amount you paid in premiums in box 4. There’s currently no limit on the amount of the deduction you can claim if you and your loan qualify.

You can deduct this entire amount. Prepaid insurance premiums can be allocated over the term of the loan or 84 months, whichever period is shorter, under a ruling from the IRS announced in Notice 2008-15.

Mortgage insurance premiums are an itemized tax deduction. They’re reported on line 13 of Schedule A, “Interest You Paid.” You can’t claim the mortgage insurance premiums deduction if you claim the standard deduction – you must itemize using Schedule A.

Canceling Your Insurance

Because there’s no telling when or if Congress will breathe additional life into this deduction, it can pay to check your current mortgage balance against your home’s fair market value. You no longer have to pay private mortgage insurance when your equity in the property exceeds 20 percent, but it’s unlikely that either your lender or the insurer will point this out to you.

No one is going to voluntarily cancel your policy for you when you hit this magic number – but you can. Be prepared to have your home appraised or a value otherwise assigned by a professional so you can prove the insurance is no longer required. Even if it turns out that Congress does not renew the credit, you may be able to save some money regardless by taking steps to cancel your policy.CheckOut:  Mortgage Origination and Discount Points: Understanding the Basics

NOTE: Tax laws change periodically, and you should consult with a tax professional for the most up-to-date advice. The information contained in this article is not intended as tax advice and is not a substitute for tax advice. 

10 Tips On How To Lower Car Insurance Rates In 2019 (Auto Insurance)

Car insurance rates have been increasing, overall, for the past few years, and that trend is expected to continue in 2019.

The number of customers receiving an annual rate increase of more than $200 per vehicle has more than doubled during the past four years, according to J.D. Power’s 2017 U.S. Auto Insurance Study.

Why is car insurance is so expensive?

Spiking rates are due to a variety of factors. In addition to insurers having to recoup losses from hurricanes, people are driving more, which is causing more accidents, and that means higher costs for insurance companies, which is then passed on to you in the form or rate hikes. Also, repair and medical costs are increasing, making accidents generally more expensive. Consider the following:

  • More car collisions, more claims: The percent of car crashes classified as “one vehicle colliding with another” climbed to 73 percent in 2014, a 20-year high, according to the National Safety Council’s annual report, “Injury Facts.” So, more accidents means more claims. According to Nielsen, 22.2 percent of households filed at least one auto insurance claim in 2017, an increase from 20.5 percent in 2014. It predicts that the percentage will further rise to 22.5 percent by 2022. More accident claims means costs go up for insurers, who then pass some of that expense back to you in the form of overall higher premiums.
  • Rising repair costs: High-tech headlights and safety features, such as lane-departure alerts and parking sensors are now standard fare on most new-model vehicles. They may help save lives and prevent injuries, but these modern devices are more expensive to repair when accidents do happen. Since 2005, the cost of body work has risen nearly 40 percent more than overall inflation, and the size of collision claims increased 8.2 percent from 2014 to 2016, according to State Farm. Again, that means, in general, 2019 will see higher insurance costs.

10 tips on how to lower car insurance costs

Despite this troubling trend, the road ahead in 2019 won’t be without savings if you take the following advice on how to lower car insurance costs, courtesy of Insurance.com Consumer Analyst Penny Gusner.

1. Maximize your auto insurance discounts

Car insurance discounts vary by insurance company, but typically the standard ones are for safety features, low-mileage, having more than one car insured with the same company and remaining with the same insurance company over a period of years. Here we outline some of the more common ones, and our “Guide to car insurance discounts” explains the topic in detail, providing examples of how much you save and how the discounts are applied to your policy.

Low mileage: If you drive less than 7,500 miles per year, you may qualify for a low-mileage discount on your auto insurance, typically 5 to 15 percent. And, some car insurance companies offer a commuter discount if you use public transportation during the week.

Multi-car: If you insure more than one car on your policy, you get a multi-car discount. Expect 10 to 25 percent savings off your collision, comprehensive and liability premiums.

Safety features: Car insurance companies offer a variety of discounts for anti-lock brakes, automatic seat belts, and airbags. Similarly, anti-theft devices such as car alarms and tracking systems (e.g., LoJack) may also get you an insurance discount because they reduce the chances of your car being stolen or vandalized. These types of discounts range from 5 percent to 30 percent.

Also good to know: In addition, you can earn a price cut through affiliate group memberships, for example being an AAA member or buying though a college alumni group, or staying with the same auto insurance company for a number of years.

2. Take a defensive driving course

If you’ve got a clean driving record and want to take a traffic class to get a lower car insurance rate, insurers typically offer a 5 percent to 15 percent discount on liability and collision coverages for three years.

There may be some caveats, however, depending on your state laws and insurance company. For example, only drivers over age 25 may be eligible for the discount or sometimes all drivers of the insured vehicle must take the course to qualify.

Traffic school courses vary but typically they’re four to six hours, are offered either in person, online or both, cost between $25 and $75, and cover a series of lessons about traffic safety.

In most cases, taking a driver safety class will either remove points from your record for minor violations or give you a discount, but not both.

New York is one exception. Empire State drivers are allowed to reduce their violation point total by up to 4 points and save 10 percent on auto liability and comprehensive insurance by taking a DMV-approved accident-prevention course. Points in New York may be reduced only once in any 18-month period.

3. Increase your deductible

According to the Insurance Information Institute, increasing your deductible from $200 to $500 can make you eligible for a 15- to 30-percent premium discount, while raising the deductible to $1,000 can save you up to 40 percent.  But bear in mind this typically applies just to the comprehensive and collision portions of your policy, not the baseline amount you pay for the entire policy. And, your savings from hiking deductibles varies widely depending on the state in which you live, the cost of your coverage after taking any other discounts, your driving record and your car’s cost to repair or replace, so remember to keep that in mind should you decide to go this route.

4. Keep an eye on your credit report

Your credit history is one of many “risk factors” that most auto insurance companies evaluate when setting rates (in states where it’s permissible by law). Paying your bills on time and maintaining a solid credit history will help keep your auto and home insurance rates lower – a LOT lower. Insurance.com commissioned Quadrant Information Services to compare full-coverage rates for drivers with average or better credit, fair credit and poor credit. Nationwide, the average difference in rates between good credit and fair was 17 percent. The difference between drivers with good credit and drivers with poor credit was 67 percent.

If you have poor credit, don’t despair. You can find tips on how to improve your credit and trim auto insurance costs in our “Car insurance guide for bad credit.”

5. Drive safely

You may be eligible for a price break on your car insurance policy if you have no accidents or traffic violations for a specified period (usually three years — but a few companies will look back five years). Even a single speeding ticket can increase your car insurance rates 11 to 13 percent, depending on how fast you were going, the speed limit and your state laws.

6. Buy a safe car

Cars are rated on a risk scale for auto insurance purposes. Generally, the fewer accident claims people file for a particular car model, the lower the rate will be to insure it. Insurance companies also take into account the safety features. You can research how well vehicles protect occupants in a crash and see what crash-avoidance safety features vehicles have how by visiting the Insurance Institute for Highway Safety Vehicle Safety Ratings page.

7. Bundle with home insurance

Married drivers and homeowners get cheaper rates because insurance companies deem them as lower risk, meaning they file fewer claims, but you can save even more by purchasing your home insurance and auto insurance policies from the same provider.

According to data gathered for Insurance.com by Quadrant Information Services, the nationwide average car insurance discount given for bundling home and auto insurance is 8 percent. By bundling renters and car insurance a discount also applies, with the nationwide average being around 5 percent. The nationwide average homeowners insurance discount given for bundling is 20 percent.

8. Pay-in-full discount

If you pay your car insurance policy premium up front and in full, before the policy effective date you usually get a 5 percent to 10 percent discount.

9. Drop comprehensive and collision if you don’t need it

Collision and comprehensive coverages are optional. And while collision pays to fix your car if you have an accident, and comprehensive pays out for damage due to fire, flooding, animal strikes, hail, you may not need the protection if you don’t own a new car. If your vehicle is more than 10 years old or worth less than $3,000, you don’t need these coverages. Collision costs an average of $488 a year, comprehensive costs $172 annually, on average, according to the Insurance Information Institute.

10. Shop around by comparing car insurance quotes online

No two car insurance companies will charge the same amount for a policy, so it pays to shop around to get the lowest rates. Each car insurer uses its own formula to set rates, so the price for car insurance can vary by hundreds of dollars. Your current insurer may assess life changes and accidents differently, so you may find a cheaper rate with a different company. That’s why it literally pays to compare car insurance quotes at least 45 days before your current policy is set to renew, but also at these times:

  • You got married
  • You moved
  • You had an accident
  • You bought a car
  • You’re adding a teen driver to the household

You should always get at least three quotes and be sure to compare the same amount of coverage across the board. You’ll also want to take into account the customer service ratings of companies you’re considering.

Which auto insurance company has the best rates?

Auto Insurance / 10 Tips On How To Lower Car Insurance Rates In 2018

What you pay for car insurance will depend on your particular situation, but below you’ll see in the chart what you can expect to pay in your state for full coverage from major companies.

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