If you are like most people, you are already paying for several different insurance policies. For instance, you probably carry separate policies for auto, home, and life insurance coverage. While these insurance policies are a necessity for most people, the cost of keeping up with the premiums each month can also be a great source of stress for many people. If you are one of these people who struggle to pay their monthly premiums, you should know that there is a light at the end of the proverbial tunnel. No matter what type of insurance you need to purchase, there are a few tried and true tips that you can turn to in order to save money on the quality insurance coverage that you need. Below you will learn more about these money saving methods.
Bundle Up For Big Savings
If you are purchasing more than one insurance policy, choosing to purchase all of your policies through one company can allow you to easily save money on every policy you purchase. This is because most insurance companies offer what is known as bundle discounts for loyal customers who purchase multiple policies through their company. For instance, if you are in need of both home and auto insurance, purchasing both of these policies from the same company will allow you to enjoy a discount on the cost of both policies. The exact amount of this discount will vary from one company to the next. However, a discount of between 5-10% is quite common. Best of all, the only thing you are required to do in order to qualify for this discount is purchase the policies you planned on purchasing anyway.
Lower Your Risk To Secure Lower Rates
No matter what type of insurance you plan on buying, the insurance company will use the same basic approach when determining what rate to quote you. This approach includes performing a risk assessment on you and anyone else who will be listed on the policy. The purpose of this risk assessment is to determine how likely you will be to file a claim against the policy. The higher the risk is for the insurance company, the more you are going to pay for the coverage you need. Thankfully, there are always steps that you can take to help lower your risk, and therefore lower your insurance rates as well.
If you are purchasing homeowners insurance, choosing to install an active alarm system or waterproof your basement can help to lower your risk of filing a claim. When purchasing car insurance, you can lower this risk by taking a defensive driving course or installing an anti-theft device.
The possibilities are virtually endless when using this money-saving approach to buying insurance. For more ideas on how you can lower your risk factors, be sure to discuss the issue with a qualified insurance agent in your local area like Keyes Insurance Services Inc.Share
26 February 2015
Do you constantly fret about your future? Perhaps, you worry about what might happen to your significant other and kids if you suddenly passed away. If you can relate to this scenario, obtaining a life insurance policy might help you get the peace of mind you desire. Depending on your unique situation, you might benefit from acquiring a term or whole life policy. A trusted insurance agent can listen to your needs and help you figure out what type of policy will be best for you. On this blog, I hope you will discover the numerous reasons you should secure a life insurance policy sooner rather than later. Enjoy!