Saving Money-Insurance Policies
Saving Money on your Insurance Policies
Everyone is interested in saving money these days on your insurance. However, the old adage penny wise and pound foolish maybe the chance one takes without knowing if they only look at the bottom line. When looking to cut insurance costs look at these areas first before cutting coverages.
Most insurance policies have deductibles, these are the dollar amounts that you will be responsible for before insurance kicks in. How much can you afford to pay is the question you need to ask yourself. The higher the deductible the more your savings. However remember to ask for the amount of the savings and figure out the time it will take to earn that money back in the event of a claim. A good rule of thumb would be 2 years.
Homeowners, do you have an alarm system whether or not it’s hooked up to a central station you will save money. Are you a non-smoker many carriers offer discounts for non-smokers. New age credit for homes constructed within the past 10 years. Always inquire about the discounts available. And review them yearly with our customer service representatives as things change.
Auto insurance, what options does your car have? Day time running lights, ABS brakes, Air Bags, Alarm system, do you car pool, have you taken a defensive driving class within the past three years? Let’s look at the age of the vehicle and the mileage maybe we should consider taking off collision on your older vehicle. Look at the deductibles, most likely you are not going to put in a claim for $250 so why carry a deductible that low.
Other insurance policies that can save you money, a review of your life insurance policies can be worthwhile, over the past 10 years rates for life insurance have gone down due to Americans living longer. Perhaps you took out a plan several years ago while you were smoking, today you no longer smoke and you could be eligible for a lower rate.
Saving money is good, remember no one cares more about your money than you do, so ask us today to help save more of your money.
