Car And Home Insurance — Tips That Guarantee Lower Premiums


Apart from the fact that you’ll get a multi-policy discount if you buy more than one policy from a particular insurer. There are a number of other steps you can take to reduce your costs. Here they are…(

1. A car with a high safety rating will attract cheaper rates than one with a poor rating all other things being equal. Safety features should be given top consideration when shopping for a new car. Such features attract a good discount. Your agent can give you a list of features that will get you a discount with your insurance provider.

2. Reviewing your auto insurance policy is one way you can bring down your rates. The simple reason for this is that things about us change often without us taking serious note of them. How about removing your just-wedded daughter from your policy?

The changes in your life might have qualified you for certain discounts. It might also no longer be in your best interest to retain certain coverage types.

Review your policy at least once a year or twice yearly. Don’t be surprised if you end up discovering you need to make adjustments or report changes that will result in considerable savings.

3. You’ll save if you exclude rental car coverage from your policy. Do this unless your credit cards does not offer you the benefit of rental car coverage. A good number of credit cards give you an automatic rental car insurance coverage once you use them to rent a vehicle. So it’s a good idea to confirm first before you buy an unnecessary coverage.

4. The amount you pay is affected by your credit rating. You will attract higher home insurance rates if you have a low credit rating. If your credit rating is poor then you’ve NOT been faithful in paying up your bills.

No insurer is happy with this as it shows a pattern you are very likely to repeat in the payment of premiums. This makes you a higher risk to them and you, therefore, are made to spend higher than some other person with similar profile that has an excellent rating.

So do your best possible to attend to all your bills in a timely manner. It will help you get lower rates among other things.

Auto Home Insurance — Ways To Cut Down Your Premiums Across Policies


There are number of things that will help you get cheap rates for your auto home insurance policies. Here are some of them…(

Take part in a defensive driving class. Apart from the fact that this will make you a better driver, it will show your insurer that you’re ready to change for the better.

Before you get carried away with the few hundreds you will save on a house, check if it will not cost you much more in auto insurance. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

Therefore, take your time to ask your agent what effect your new zip code would have on your car insurance rates before you make that down payment. The truth is that most people don’t think about this when they are about buying a home.

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

Do not insure your house along with the land it is standing on as this is more expensive but needless. Those who ignorantly do this are paying a lot more than would do them any good. Insuring your home for the purchased price without deducting the the land’s worth is an expensive error.

For folks who’ve ignorantly done this, meet with your agent and check your home insurance coverage again. Subtract the land’s value and buy coverage only for your house and its contents.

Doing this will reduce your rates by a huge margin and still have adequate home insurance coverage. No matter what you do and who you meet, bear it in mind that the only things you insure are things that can be stolen or damaged and your land is not one of such.

You’ll attract lower rates if you opt to pay your premiums annually and not monthly. The ads may show that monthly paymenst are convenient but what you don’t know is how much extra you pay for this..

There are transaction charges that are attached to processing a check. For 12 checks (that is, your monthly payments) you will have a total of 12 transactions. This implies that transaction fees would be 12 times more for individual who make monthly payments.

That’s one side of it: Insurers also incure certain admnistrative costs for your monthly premiums. A good example of such is the expense associated with sending out payment notices.

The additional administrative cost to an insurance provider is eventually paid by you (that’s apart from their own markup for giving you such a “convenient” alternative).

A multi-policy discount is an easy step to bring down your total insurance spend. That is, for instance, if you get your car insurance policy from the insurance carrier that handles your home insurance.

However, care has to be taken because the fact that an insurer offered you low rates for one policy doesn’t imply they will for another. Getting and comparing quotes out there with what you’ll save is seriously advised. You’ll be sure of the most beneficial for your profile if you do this.