I am not a proponent of slashing insurance expenses across the board without understand the long term ramifications. It definitely can be expensive to be cheap. But, with a little knowledge, you can put real money in your pocket in one short afternoon.
How can you do you save some money? By reading the following tips:
RAISE YOUR DEDUCTIBLES. Many people have the frame of mind that, in the event of a loss, they want to pay a little as possible. While this does make sense, looking long term, the average person files a claim once every 13 years. If you raise your deductibles up from $500 to $1,000 or more, you can easily save 10–15% off your annual premium. If you are paying $800 per year, this easily translates into $80 – $120 per year. Multiply that by 13 years and ($1040 – $1,560) you have saved REAL money.
USE A MULTI-POLICY DISCOUNT. If you trust your insurance agent who handles your home insurance, ask them to also provide your auto insurance. Yes, you may have a great rate wit ...
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