When Was the Last Time You Compared Prices for Insurance?
When was the last time you compared rates on your insurance products(auto, renter, homeowner)❓❓ Like many people, you probably select a provider and never look elsewhere. The set-it-and-forget mode could be a mistake. There may be potential savings by changing your coverage or insurance provider. Many people set their insurance needs to autopilot - buy a policy, pay the bill when it's due, and don't think twice about it. If the premium increases during renewal, you figure it's just a way of life. Well, maybe not. 😲
How I Saved and How You Can Too!😀
I, too, have my insurance payments set to autopilot. I typically pay my auto insurance premium semiannually and annually for renter's insurance. That seemed to work until I noticed the auto insurance increases were getting a little out of hand – and for no good reason. I contacted the insurance company to learn why the premium had increased. Since they did not give any acceptable answers, I decided to see if there were better fish in the sea. 🎣Yes, it took effort to get quotes and compare prices. Fortunately, it was well worth the time. I got comparable coverage and lowered BOTH auto and renter insurance premiums by almost 50%. It felt like I'd hit the jackpot! While the results may vary, you'll only know if you try. Start by contacting your current insurer, then if that doesn't pan out, start getting quotes from other providers to see what is available.
Other Potential Savings and Considerations😏
- Did you know that the older your car gets, you may be able to lower your comprehensive coverage? That alone could lower premiums.
- Do you have roadside assistance that you're paying to your insurance carrier and to another company? That's a duplicate expense that you could eliminate.