10 Strategies to Reduce Your Insurance Premiums and Better Protect Your Family in less than 10 days!

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10. Yearly Review. Review your overall protection yearly. If your credit has improved, profession has changed, accidents and/or citations become 3 years old, claims made on a homeowners policy or rental policy become 3 years old you may be in for a reduced premium. If you have not done a review, you do not have to wait for your renewal.

 

9. Your Profession May Lower your Premiums. Check with your insurer to see if they have discounts for certain types of occupations know as Affinity Programs. These affinity programs can add additional savings not only for the person who qualifies but for all members of the household. Common affinity groups are police officers, fire fighters, teachers and sometimes engineers and scientists. Always be sure to discuss your profession with your agent .

 

8. Pay Less for Your Umbrella. Umbrella policies extend your coverage beyond your auto and home liability protection. Increasing the amount of liability coverage on your auto and home will drive the cost of your umbrella down for a net overall savings.

 

7. Combine Auto, Home and Life. Many Insurance companies offer discounts for having different types of insurance within their company. These discounts can add up to 10 – 20% of savings.

 

6. Renters’ Insurance for FREE? A basic renters’ policy, which many landlords require, can virtually pay for itself by combining it with your auto coverage. The discounts available for having an auto and renters policy with the same company can save enough on your auto insurance to sometimes pay for the renters’ policy.

 

5. Credit Life Insurance. It’s not your money! Credit life insures against the inability to pay a creditor incase of loss of life. Who is the beneficiary?...the creditor not you. Give your survivors the option to do with the proceeds as they see fit. more>>