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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.



4 Tips To Help You Save Money On Auto Insurance

If you are struggling to keep up with the cost of your auto insurance, allowing this important coverage to lapse or be canceled is not the solution. Instead, you will want to take a few minutes to implement the tips outlined below. This is because the four tips you will find below are designed to help you save money on your auto insurance without sacrificing the coverage you need.

Tip #1: Remove Any Redundant Coverage

Many auto insurance policies include specific types of coverage that you may already have. For example, if your vehicle is under warranty, there is a good chance that this warranty coverage includes roadside assistance. If your auto insurance policy also includes roadside assistance, this means that you are paying for redundant coverage that you do not need and are unlikely to use. Removing this type of redundant coverage is a great way to lower your monthly insurance premiums without hurting the quality of your coverage. 

Tip #2: Participate In Safe Driver Programs

More and more insurance carriers are giving individuals the opportunity to demonstrate their safe driving skills to earn a discount on their insurance policies. This is typically done through the use of a mobile app that can collect data regarding things such as phone usage while driving, hard braking, smooth acceleration, and total time spent on the road. Choosing to participate in these programs is a great way to earn a discount on your auto insurance and reduce your risk of an accident by choosing to concentrate on making safe driving choices. 

Tip #3: Complete A Defensive Driving Course

Another great way to brush up on your safe driving skills is to take a defensive driving class. That is precisely why many insurance companies reward individuals for completing these classes by providing them with a discount on their auto insurance policy. Just be aware that this discount typically lasts for a limited amount of time after you have completed the class, so be sure to turn in your certificate of completion as soon as possible. 

Tip #4: Accurately Report Safety Equipment And Daily Mileage

Insurance companies typically offer discounts for all of the different safety equipment that your vehicle has. Many companies also offer discounts to drivers who spend a minimal amount of time on the road each day. These are factors that you are responsible for reporting to the insurance company either during the process of requesting a quote or when reevaluating your insurance needs. If you have not accurately reported this information already, doing so could allow you to save a significant amount of money on your auto insurance. 

Contact a professional for more information about auto insurance