Saving on Insurance
Nowadays we need insurance for everything it seems. Car insurance, home owners insurance, renters insurance, medical insurance, life insurance, dental insurance are just a few of them. With so many things to insure, we all want to know how to make it affordable.
Working out your deductibles is one way to lower your insurance cost. The more you have saved for a rainy day, the higher you can make your deductible and therefore the lower you can make your monthly payment. This does, however, need to be directly related to how much you have saved. Some people only worry about their monthly payment and then when an emergency happens, even with insurance, they don’t have enough to pay for it. Remember, the money you have saved for such emergencies can earn interest, while paying a higher monthly payment will only cost you money, sometimes more than your deductible would be for that one time emergency.
Insurance companies also like to reward you for your loyalty. If you have your home or renters insurance, and your auto insurance with one company, you can receive discounts on both. Not all companies offer all types of insurance, so if you have things that need to be insured such as motorcycles or RV’s, you might want to look into switching all of your policies over to a company that provides coverage for all. Every additional policy that you make with a company, should show some savings for your other policies so be sure to shop around.
With these bits of information, plus having a safe driving record, you could be saving a lot more than you think. Contact your insurance agent and see what you can do.