If you, like many other consumers, are tired of paying too much for home and auto insurance then put it on your New Year’s Resolution list- “I will not pay more than I need to for insurance in 2011!” While it may seem matter-of-fact, many people don’t even realize that they are paying too much for insurance. Here are the top 3 tips to help you achieve your insurance savings resolutions:
#1- Shop Smart! The days of having to shop your policy with every agent in town are over. Not only is it time consuming to shop your insurance that way but it becomes quite a headache to compare so many different quotes and coverages. Instead, use an insurance shopping agency (like HomeInsurance.com!) and get quotes from up to 4 different carriers at one time.
#2- Ask for the Discounts- Believe it or not, sometimes all you have to ask your agent is to “Show you the money”. A good insurance agent will qualify you for all possible discounts that you are eligible for. Got deadbolts on your front door? A fire extinguisher in your kitchen? Did you take a defensive driver class recently? Let your agent know and watch your discounts add up.
#3- Review your Coverage Needs: Make sure you are not over- or under-insuring your home and auto by reviewing your coverage limits with your agent before just asking them to quote based on your existing coverage. If you have made updates to your home or vehicles recently you may find that you have different coverage needs or that you can adjust your deductibles in order to sway your premium. (But keep in mind that sometimes a lower premium doesn’t always mean more savings if you are putting yourself in financial risk in the event of a claim!)
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