It’s not everyone’s favorite topic, but it sure is important: Insurance. Let me ask you a few questions:
When was the last time you thought about insurance?
Where are you at with insurance? Do you have it?
Today, let’s focus on home and auto insurance. If you are a homeowner, you should have homeowner’s insurance to protect your dwelling and the contents inside. If you are a renter, you should have renter’s insurance to protect the contents of your dwelling.
When was the last time you obtained quotes for both home and auto insurance?
It is very, very important to carry both. However, that does not mean that you should pay the highest dollar amount possible!
Here are a few tips:
If you have auto insurance or some other insurance, ask for a “bundle” discount.
Shop around for the best rates every two years.
Obtain a minimum of three quotes – one of them being from an independent insurance agency.
Obtain quotes with different deductibles. Consider increasing the deductible to reduce your premium costs. If you are managing your money well and have built your emergency fund to at least three months of expenses, you may consider increasing your deductible. This can result in a substantially lower insurance premium.
Take the next step and get your new insurance quotes this month!