Sep 30
Review your insurance policies
Money is tight for many people. I’ve talked about how to save money on term life insurance, but if you’re looking for ways to save money on your other insurance policies, here are some good tips:
o Raise your deductible – Raising your deductible from $500 to $1000 may reduce your annual premium by up to 25%.
o Insure your car and home with the same carrier - If you insure your car and home with the same carrier there are “bundle” discounts that could be as much as 15%.
o Add an alarm system – Insurance companies value the protection of burglar and fire alarms-especially when connected to police and fire departments-and could reward you by reducing your premiums by up to 20%.
o Compare Prices – To make sure you have the right amount of homeowners insurance, compare quotes to find the coverage you need at the lowest price.
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