You get your insurance bill every month and you have started to wonder … can I stay completely protected and still reduce costs? Even something? Keep these tips in mind when reviewing your home and car insurance policies. Do you want to know more?
Here are tips on how to reduce insurance costs:
- Look at the place. If you are considering buying a new house, take a look at the surroundings. A home near a fire station / fire station can reduce the cost of your home insurance by reducing the risk of fire. So it may be further from lakes or ponds (reduced flood risk) and be at the top of a hill rather than in a lower flood zone.
- Put safety first. Whether you own a home or rent an apartment, take precautionary measures. Install a security system. Make sure you have smoke detectors and maybe even a sprinkler system. Secure your windows and doors with locks. Keep track of regular home maintenance. Not only can these measures keep you safe, they can also save you money.
- Collect your policies. Does one company insure your home and another company insure your car? Contact an agent who represents each one to request a quote. See how much you can save if you collect both policies. You may even be able to save by adding other insurance policies, such as life insurance.
- Increase your deductible. A deductible is the amount that policyholders have agreed to pay when there is damage to an insured item. In many cases, a higher deductible can lead to a lower insurance bill. On the flip side, it would mean paying more in your pocket in the event of a loss. One thing to keep in mind: Do not increase your deductible to the point that you cannot afford to apply.
Are you looking for more tips on how to reduce insurance costs? Ask one of our local, independent agents what you can do and what is most meaningful to you. by 3 December 2020 | Insurance|
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