The Complicated World of Insurance Made SimpleThe Complicated World of Insurance Made Simple


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The Complicated World of Insurance Made Simple

When I bought my first home, I had a real estate agent lead me through the entire home-buying process. This made it simple and easy for me. However, when it came time to choose a homeowners insurance policy, I became very confused about what made up a good policy. I started by doing a lot of online research into what homeowners insurance features were needed in my area and then finally called an agent who led me step-by-step through choosing the policy that was best for me and my home. I learned a lot during my research and time spent talking to my agent. I have also learned a lot about other types of insurance over the years, so I thought I would start a helpful blog all about insurance. I enjoy helping others, so come back often for new tips!

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Quality Auto Insurance Does Not Need To Cost A Fortune: 5 Ways You Can Save

Maintaining a valid auto insurance policy is not only the law, it is also an important part of being a responsible car owner. Unfortunately, many drivers choose to purchase subpar policies in an effort to save money on this important insurance product. The good news is, you really don't need to sacrifice quality just to save money on your auto insurance when choosing to use the five money-saving tips below.

Opt For A Higher Deductible

Higher deductible policies offer lower rates each month without affecting the level of coverage you receive. While you will pay more out of pocket towards any repairs if you are forced to file a claim, the difference in your deductible will almost always be outweighed by your savings as long as you are not making multiple claims over the course of a single year. 

Bundle Your Policies When Possible

Like most companies, insurance companies benefit from the ability to retain loyal customers. In order to help promote company loyalty, most insurance carriers will offer individuals a rather substantial discount if they choose to purchase multiple insurance policies from them. This is often referred to as a bundle or multi-policy discount. Some of the most popular discount bundles are those that include both auto insurance and either homeowners' or renters' insurance.

Download Safe Driver App

A safe driver app discount is available through most insurance carriers and is based on your own driving skills. These apps are downloaded to your mobile phone and monitor your driving habits over time. The safer you drive during this monitoring period, the more you can expect to save as your reward for driving safely. 

Complete Defensive Driving Course

Safe driving really is the best way for insurance companies to manage the risk that an individual will need to file a claim against their policy. That is why insurance carriers are so willing to offer a variety of safe driving-related discounts. Another example of this is the discount you will receive if you successfully complete a defensive driving course. Just be mindful that this discount may only apply for a set period of time after the completion of your course. You will likely need to repeat the course or take a refresher course in order to qualify for the discount again in the future.

Use Cash Back Card To Pay Premium

If you have a credit or debit card that offers you cash back rewards for the purchases you make, using this card to pay your monthly insurance premium will allow you to automatically save money without the need to alter your coverage options or even the need to qualify for a special discount through the insurance company themselves.

For more information, contact an auto insurance company near you.