Pinching Your Pennies: 4 Ways To Get Cheaper Insurance

There are many different insurance products that you will have over the course of your lifetime. When you buy a home, you will purchase homeowners insurance. When you buy a car, you will buy auto insurance. If you are looking to save money on your policies, what are some tips that will help you achieve your goal?

1) Bundle Your Policies

If you are shopping for a two or more different policies at the same time, you can save money by bundling all of those policies with one company. When you bundle, you give yourself the opportunity to save more than 10 percent off the cost of your insurance.

2) Buy Only the Coverage That You Need

You don’t need to purchase more coverage than you are going to use. If you are purchasing car insurance, you can opt to buy only general liability insurance while bypassing the collision and comprehensive insurance policies. This allows you to stay protected while you are on the road, but you don’t need to pay for extra coverage that you wouldn’t use if you were in an accident.

3) Shop Around

Never buy the first policy that you see. By shopping around, you allow yourself an opportunity to find the lowest price on the market. You also give yourself the chance to find an insurance company that may overlook a past accident or a bad credit score when pricing your policy. Many insurance comparison sites make it easy to get quotes from a variety of different companies at the same time. Drayden Insurance LTD. has made a site that makes it easy for you to get a quote, too.  This cuts down on the amount of time it takes to find the cheapest policy on the market.

4) Keep a Clean Record

If you have a checkered past, you may pay more for your insurance policy or policies. For example, those with a poor credit score are more likely to pay a higher premium on their insurance policies because those with bad credit may be more likely to file a claim. Those who have filed a claim in the past may pay more because they are also statistically more likely to file a claim in the future.

Insurance is something that you will need to buy at some point in your life. The good news is that you don’t need to spend too much for it. If you are thinking about buying an insurance policy, following these steps can help you pay as little as possible for it.

Tags: Home insurance, Insurance policy, Liability insurance, Shop Around, Vehicle insurance

Category: Insurance