A lot of people want to save money when they can, but most people usually save money when it is convenient. There are many ways to go above and beyond to save money but most people won’t go through those steps required. A prime example of this is with insurance. Consumers typically go through the motions of finding insurance coverage. Since there are many types of insurance each family needs, (like auto, home, health, life, etc.) there are some common mistakes made when investing in insurance. That is why I have put together some tips to save money while renewing auto insurance.
Don’t be a victim of just using a friend or someone out of pure convenience to supply you with your insurance. You will be surprised at the amount you can save if you shop around rather than just renewing your policy from year to year. It is common to even make a copy of your policy and show multiple brokers to see if they can get you a lower premium. Some can even offer more coverage for equal or less.
If you don’t want to shop around than you should at least speak with your broker about ways to save with them. Many insurance companies offer discounts for different reasons. Examples of discounts can be for being a good driver, being of a certain age or even gender, paying a certain time or using a certain method of payment. The list can go on and on. It varies with different companies so it is best to speak to a representative to see what they offer and that you are taking advantage of all the discounts you are eligible for. This can be overlooked.
Speaking of being overlooked, it is best to analyze how the customer service is with your broker. Car insurance is important so you have to make sure you are getting what you need. Are you happy with the customer service your broker is providing? It is important that they treat you properly and are up to speed on you and your policies so you know you are getting the best deal possible.
Lowering your auto insurance when you renew can be simple just by changing your actual policies. Speak to your representative that you work with and see if there is any way to lower your premiums. They may know a way of lowering your costs by changing your deductible and assisting you in deciding if it is worth it based upon your situation. It is important to know what is included in your policy and how things would be handled in the event of a claim.
Don’t just go through the motions of renewing your policy. Do your homework and follow these simple tips to allow you to save when finding auto insurance.