Budget Friendly Insurance: Protect Yourself Without Breaking the Bank
One of the most common ways to cut your rates is by bundling policies. Most insurers offer a discount when you bundle your car and home insurance with them, and some even give a discount if you add a renters, condo, or life policy to the mix. The amount of the discount varies by insurance company, but State Farm advertises savings of up to $1,273 annually when you bundle home and car insurance.
You can also reduce your rate by
switching providers before your next renewal date. Some companies provide as
much as 10% in discounts for people who switch before their current premium is
due.
It’s a good idea to get a quote
from multiple insurers when you’re evaluating your options. Some of the largest
providers will advertise specific multi-policy savings on their websites, and
there are services like Policygenius that can get you personalized quotes in
minutes.
car
insurance policies in Ohio
You can also save money by going
paperless and opting to pay your premium automatically. Insurers will often
give you a discount for doing so, which means less paperwork and hassle for
you. Additionally, there are a number of other discount categories that you
might qualify for if you’re a long-time customer, a good student, or belong to
certain professional or business organizations. Talk to your insurance agent
for more details.
Insurance
Benefits for Seniors
3. Get a Safe Driver Discount
Car insurance rates have spiked
in recent years, and a high premium can take a bite out of any budget.
Fortunately, there are several car insurance hacks you can use to lower your
rate and stick with your budget.
1. Switch insurance companies.
Loyalty to one provider might
feel convenient, but it could be costing you big. Many companies increase their
rates over time, assuming that customers won’t shop around. Instead, compare
prices at least once a year. There are online sites, like Insurify and
Simplifi, that allow you to check quotes from multiple providers in minutes.
Changing insurers can save you hundreds of dollars a year.
Colonial
Life & Accident Insurance Company
Medicare
Insurance Broker in Ohio
Medical
Pedicures Covered by Insurance
2. Get a safe driver discount.
Your driving record has a major
impact on your car insurance costs. Accidents and traffic violations can
increase your rates dramatically, so it’s important to drive safely to earn
safe driver discounts over time. Many insurance companies offer telematics
programs that let you track your driving behavior with an app or plug-in device
to reward good habits and discourage bad ones.
You can also earn a safe driver
discount by taking a defensive driving course. The courses usually cost $25 or
less, and they can be taken once every few years to maintain the discount. Some
states also have laws that require insurers to offer discounts to drivers who
complete these courses.
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