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Insuring Your Home

When we started thinking about buying a home, I realized that we had a boatload of work to do. I knew that we needed to save up a down payment, talk with a mortgage broker, and most importantly--figure out what we were doing about homeowners insurance. Fortunately, a friend of mine told me about a great insurance broker in our area who handled that kind of thing. We met with her to talk about our options, and before we knew it, we had found a policy that really melded with our budget and lifestyle. This blog is all about insuring your home.

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3 Things You Need To Know About Your Auto Insurance

Auto insurance is a necessity that you may not give much thought to until you need to make a claim. However, the wrong auto insurance for your needs can cost you if you are in an accident. While most states do have minimum insurance requirements, going with the bare minimum is not always the best option. When choosing auto insurance, you need to do your research and find a plan that meets your needs. Here are three things to know about your auto insurance.

Whether You Have Enough Coverage

The first thing that you need to know is whether or not your auto insurance policy offers ample coverage for your vehicle. Not having enough coverage can lead to trouble in the event of an accident. Liability coverage is the basic level of insurance that you need, but it doesn't pay out to fix your car if you are in an accident that is your fault. If you have a new or valuable car, you may want to upgrade to a policy that offers either collision or comprehensive coverage. While more coverage means higher premiums, in many cases, it's the best option.

When to Reassess Your Policy

Another thing to know about your auto insurance is that your policy will change over time. Any significant life changes, accidents, or economic changes can impact how much you pay for your policy. This is why reassessing your plan periodically is essential. At least once per year, you should look at your current policy and decide whether or not it works for your needs. If it costs too much or doesn't offer enough coverage, you may want to shop around for a new policy.

How to Save

When it comes to auto insurance, you will also need to know how to save. The average auto insurance premium is $1,427 per year. The kind of vehicle you drive, where you live, how often you drive, and even your credit score can impact your costs. This is why looking for ways to save is essential. Many insurers offer discounts for things like safe driving that you may qualify for. Other ways to save include going with a higher deductible or reducing coverage for older vehicles.

When it comes to auto insurance, there are a few things to know. First, knowing how much coverage is adequate for your needs is essential. Another thing to remember is that your insurance policy can change over time. Reassessing your coverage at least once per year is a must. Finally, knowing how to take advantage of discounts and other savings is vital. For more information, contact an insurance company such as Nelson Insurance Agency.