5 Insurance Tips & Tricks to Help You Save Money

Saving money on insurance doesn’t mean sacrificing coverage. With the right strategies, you can protect what matters most while keeping costs in check. Here are five tips to help you get the best value on your insurance policies:

Raising your deductible—the amount you pay out of pocket before insurance kicks in—can lower your monthly premium. Just make sure you choose a deductible you can comfortably afford in case of a claim.

Insurance companies offer various discounts that many people overlook. Safe driver discounts, home security system discounts, claims-free discounts, and even good student discounts for young drivers can add up to big savings. Always ask your agent about available discounts.

Many insurers use credit scores to determine rates. A higher credit score can lead to lower premiums, so staying on top of bills, reducing debt, and keeping your credit utilization low can help you save on insurance costs.

Your insurance needs change over time, and so do available rates. Reviewing your policies annually with your agent ensures you’re not overpaying for coverage you don’t need and that you’re taking advantage of any new discounts or better options.

For those who don’t drive often, usage-based or pay-per-mile insurance programs can be a cost-effective option. Many insurers offer telematics programs that track driving habits, rewarding safe and low-mileage drivers with lower premiums.

A little bit of strategy goes a long way when it comes to saving on insurance. If you need help finding the best coverage at the right price, reach out to an experienced agent who can guide you through the process and ensure you’re getting the most value out of your policy.