Burning Money
When you light up a cigarette, do you think to yourself, “Man, I wish I had never started smoking”? You also probably hate it when someone else says something judgmental about your addiction. Well, I’m not here to judge you. Maybe your conscience gives you enough grief for your habit already. I’m just here to give you cold, hard facts about how being a smoker impacts your insurance.
The most obvious type of insurance affected is your health insurance. Smoking causes your rates to increase because your risk for disease and cancer increases. Your rates are roughly 20% more than a non-smokers rates. You already knew that. Never mind the health insurance increase.
Let’s focus instead on the less obvious way you have to spend more money on insurance.
Dental care is more expensive for smokers. The smoke damages your teeth and gums, putting you at an increased risk for gum and mouth disease. Smoking is also one of the main causes of tooth loss. All these dental bills can get expensive, so your insurance company will raise your rates to make up for the difference.
Cigarettes are the number one cause of house fires; in America, over 20,000 housefires a year are caused by cigarettes. Because of this fact, your homeowner’s insurance rates are increased.
The higher your claim risk is, the higher your rates are.
By: KayLynn
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
The Benefits of Buying a New Constructed Home
See Why Many Younger Homebuyers are Choosing New Construction
When Did Super Bowl Halftime Shows Become Such a Big Deal?
For Years Traditional Marching Bands Served as Entertainment For NFL’s Biggest Game
Why You May Be Required to Have Business Insurance
While The Law May Not Require it, Other Factors May Dictate The Need For Business Insurance
Should You Have Life Insurance? HINT: Ask Your Spouse
Odds Are Your Spouse Would Want You to Have More Life Insurance Coverage
Changes in the Auto Industry You May Have Missed
The Brands, Models, and Features That Have Come and Gone
Six Things You Will Not Regret Splurging On
You Deserve to Have These Items Without Buyer’s Regret
How Television Marked the Seasons
You Didn’t Need a Calendar. You Just Needed a TV Guide.
Think You Can’t Afford Business Insurance?
In Some Ways You May Already Be Paying For It
Is Life Insurance a Part of Your Financial Plan?
Why Life Insurance Should be a Part of Your Family’s Future
What to Contemplate When Getting an Auto Insurance Quote
There’s More to Consider Than Just State Minimums