In an uncertain economy and with inflation at an all-time high, it’s important to save money where you can. If you’re like most people and experiencing a financial crunch in these unconventional times, now might be a good time to take a closer look at your insurance policies.
By looking again at your homeowner’s insurance and car insurance, you might be surprised just how much you can save. If you’re in the market for better coverage or even first-time insurance, read on.
Getting Insurance Quotes
The first thing to do when looking for an affordable home and auto insurance quote is to make a list of your specific needs. Using helpful services like SelectQuote will mean you have many options when it comes to finding the right insurance for you. However, to capitalize on potential savings, you’ll want to know you’re only paying for the things you need and not extras.
Many companies will offer bundle packages to protect all your belongings. However, this isn’t always the best way to save money for every person. For example, while many car and home insurance policy companies offer packages to cover your vehicle and home, they won’t work for everyone. Homeowners with livestock, for example, may run into trouble finding bundles that cover animals and liability insurance under their umbrella policy when looking for the best deals. For this reason, it’s important to be clear with agents about all your needs when calling for quotes. Keep your list of needs handy when doing your research.
Comparing Auto and Home Policies
No two policies are exactly the same. For this reason, it’s important to read the fine print on home and auto insurance quotes and policies. Before signing up for a specific policy, make sure to ask about deductibles and premiums. Creating a list of the pros and cons of each policy against your list of needs is a great way to know you’ll be getting the coverage you need for peace of mind.
When comparing policies, be sure to ask about rate increases and discounts for customer loyalty down the road. The reality is that most people stay with their insurance companies even as their needs and lifestyles change. For this reason, you’ll want to be sure your company can meet changing needs and will reward you for loyalty later on. Always read reviews from other customers. This can be helpful in making your final decision about which way to go.
Multi-Policy Discounts and More
Many people have great luck with bundled quotes for multi-policy transactions. That is, in using the same company for your home and car insurance or the same insurance company for your car and renters insurance, you might be able to get multi-policy discounts that will save you bunches in the long run.
At the same time, a good way to try out insurance agents or companies is to get double coverage for a limited time. This will not only add to your peace of mind but help you to see which companies meet your needs best. Once you know which company you like working with, you can drop the second insurance and upgrade your favorite plan.
In the end, whether you decide to opt for a multi-policy discount, to stick with your current policy, or to opt for coverage with fewer policy exclusions, you’ll be happy you took the time to review your auto insurance and homeowners policy. By knowing where you stand with your insurance companies, you’ll not only have better peace of mind but could also save your wallet, too. Happy car and home insurance shopping to you!
