I know I normally write music related article here, but working on another assignment I thought that this information would be useful for everyone.
Insurance is a necessity and in this day and age everyday folks are struggling to keep everything they need protected. Whether it’s your health, your car or your home, insurance costs are skyrocketing across the board. Here are a few tips from Belinda Dukes, a Territory Manager with Liberty Mutual Insurance.
Communication is the key to saving money. Make sure you have a great relationship with your agent and not the couple of times a year conversations that most people have. Here are some tips for your auto insurance:
- Show Report Cards – Yup, show off your kid’s report card. If you have a Youth Driver in the household that also makes good grades, make sure your agent gets a copy of his or her report card. Most insurance companies participate in a Good Grades Program.
- Auto and Home on One – Combine your both auto and home insurance (and any other toys you may have – bike, boat etc) for an added benefit that helps to lower the bottom line.
- Safe Driver Discount – Haven’t had a ticket or accident in a while? Make sure your talk with your agent annually to see if you qualify for better discount.
- Take Defensive Driving – That’s right. Even if you haven’t received a ticket, (and especially if you have) take Defensive Driving for an added savings on your policy.
- Student At Collage – If your kid is away at school, go ahead and drop them off of your policy until they return. Then add them back on.
- New Car – When buying a new car, make sure you speak to your agent about the limits and liabilities need to cover your vehicle and work that into your car payment. A lot of people go home with a new car just to find that their insurance payment is nearly the same as the car payment.
- Free Title – Is your loan paid off? Most people forget that you can drop to just liability insurance after your vehicle is one hundred percent yours.
Ms. Dukes also had some tips for saving money on your Homeowners Insurance:
- Sound Off – Make sure you install an Alarm System into your home with active monitoring for an added discount.
- Good Credit – If you have high credit ratings, make sure your insurance agent, both home and auto, are notified. Good credit scores help to lower your rates.
- Deductible – Make sure you opt for highest deductible you can afford. This move will help your bottom line. If you can afford to pay for 1% of your home’s value, you’ll save money.
- Newer homes equal lower premiums.
- Don’t Sweat The Small Stuff – Take care of your small claims yourself and you’ll save money.
- Use electronic payments to save on fees.
While it would be great to qualify for all of these discounts, and some of you can, not everyone will. The key to saving money on your insurance is communication. Having a great relationship with your agent can save you money and help keep your family and possessions safe.