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The Great Eight Insurance Money Saving Tips
Jeff Ryan - CLU, ChFC, AIA, CIC, CPCU
Jun 18, 2024
The Great Eight Insurance Money Saving Tips
Regardless of the insurance company you choose, these eight great ideas will help you save money on your insurance now and in the future!
- Defensive Driving Course:
This is an automatic, simple way to save. For more information, go to
RyanAgency.com/DD.
Savings? Up to 10% of your policy for three years. Learn More - Pay-in-Full: Many companies and programs offer a discount if you pay in full!
Savings? Depending on your carrier, you could save up to 6-10% of your premium. That's a significant reward for your financial discipline! - Bundle: Consider consolidating your home and auto insurance policies with one company. This can often lead to a discount on both policies. Check with your insurance provider to see if this option is available.
Savings? Up to 5-15%, depending on the company and circumstances. - Proper Deductibles: Trading “small dollars” with insurance companies is expensive! A higher deductible can often pay for itself within 3-5 years.
Savings? It varies, but your premium WILL be lower. - Don’t submit small claims: This goes along with #4. Most companies now are factoring the frequency of claims into their rates.
Savings? The savings show in the long term. - Older Vehicles: It may make sense to remove Comprehensive and Collision on Older Vehicles.
Savings: Whatever your premium for that coverage will return to your pocket.
- Review Discounts: Take control of your insurance costs by contacting us to review your discounts. We are insurance sleuths, and we unearth hidden savings. Savings? Who knows!
Give us a call to see.
- Credit: This is a long-term strategy and one of the most essential savings ideas we can share. Many people don’t know that your credit rating has much to do with what you pay for your insurance. Working on repairing your credit will improve your insurance rating “tier” and reduce your rates going forward. Generally speaking, the better your credit score, the better your rate. Watch for an upcoming article entitled “What’s Credit Got to Do with It?” on our website page under the Blog tab.
Stay tuned for more posts with real world examples and information that you can use to leverage each of the Great Eight Ideas!
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
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