Best Insurance Premium Discounts to Lower Your Costs
In addition, it never hurts to ask your agent or company representative about any potential discounts you might be eligible for. Most insurance companies list their available discounts on their website, and you can find information about them in your policy documents or billing statements as well. Keep Multiple Policies with One Company Typically, a customer will get a lower rate on their insurance when they buy more than one type of policy. For example, bundling home and auto can save a family of four $3,000 or more per year. Similarly, many insurers offer discounts on life, health and homeowners’ policies that add up to significant savings. Consumer Reports explains that while it’s tempting for consumers to shop for the best rates, they often overlook how much they can save by purchasing multiple policies from a single company. For instance, customers who purchase car and home insurance with the same company are able to save 20 percent or more, according to State Farm and Progr...