DISCOUNTS, DISCOUNTS, DISCOUNTS!
Insurance, it’s something we all need to buy (sometimes because it’s good to, and sometimes because it’s the law), and yet, while we’re paying every month, we’re hoping to never have to use it. There isn’t much in life that you pay for but don’t want to use. So if you could spend less every month, without having less coverage, wouldn’t you want it?
Of course you can shop around for different insurance companies, and that may save you some money. However there are many discounts that you may be eligible for without having to change companies. Policies, even with the same company, may differ from state to state, so you will need to talk to your agent to see what you may qualify for.
When looking at home owner’s insurance, it is one of the few policy types where getting older is an advantage. Those who are more mature can get better deals as they are thought to be less reckless. Installing a simple alarm system can also help lower your rates, as you are lowering the chances that something bad will happen to your home.
Do you use the same company for your vehicle and home insurance? One of the easiest discounts you can get is by putting both with the same company. It will end up saving you on both your home and car insurance. As a general rule, the more policies you have with a particular company, the more money you will save on all of them.
With auto insurance, there are also many discounts available. If you are married, there might be a discount, of course there are discounts for good driving records and there are discounts for those who drive very short distances. In some states, having Lo-jack on your car can save you a few bucks.
You can also save some money by raising your deductible and getting liability insurance instead of full coverage, but these things may hurt you in the long run if you were to get into a major accident. Remember, it’s not only about the money you pay each month, but what will be covered should you need to use your insurance. You don’t want to be without a car because you can’t afford to pay your deductible.
Remember, keeping an open line of communication between you and your insurance agent will pay dividends in the long run. Let them know any time something changes in your life, or if you have purchased something that helps prevent theft or accidents. You never know what little thing might save you big bucks when it comes time to pay your insurance bill.