Techniques to Reduce Unnecessary Spending on Insurance

Jun 16, 2020

Review Your Policies

It is a good idea to keep in mind you should regularly review your insurance policies to ensure you’re not paying for coverage you no longer need. For example, if you’ve paid off your mortgage, you may not need as much homeowner’s insurance. In addition to reviewing your policies, bundling policies may qualify you for additional savings. Multiple policies including combining your policies like home and auto insurance. Bundling can result in significant savings.

Shop Around!

Don’t settle for the first insurance quote you receive. Compare rates from multiple insurers to find the best deal. Websites like EverQuote can make this process easier by providing multiple quotes at once.

Increase Deductibles

A higher deductible typically means lower premiums. Evaluate how much you can comfortably afford to pay out of pocket in the event of a claim, and consider raising your deductibles accordingly to match your needs.

Published On: March 26th, 2024 / Categories: Blog, Insurance Facts /