Get Better Coverage And Cheaper Insurance Premiums
Insurance agents are busy people, and like all of us, they can get into a rut. However, I have been suprised to realize that they do not always catch all of the discounts that their clients could get on different policies. As a consumer, it is up to you to understand these price breaks so you can make the most of your insurance dollars.
The first one is not really savings, but it may save your home. Did you know that some home owners insurance policies have a rider with job loss mortgage insurance that could pay your mortgage if you get unemployed? You have to qualify for the benefits, and not all companies offer this extra protection. These days, with a lot of economic troubles, it may be worth checking out though!
There are also a lot of little know, and almost hidden auto insurance discounts you may already qualify for. There is no big plot to cover these up. These do get missed a lot. It is up to you to check out these benefits or discounts when you speak with your old company or shop for a new one.
We are all aware that life and health insurers charge more for smokers. Did you know that some auto insurers also feel like non smokers have a lower risk of certain types of claims? If you do not smoke, be sure and ask if you got credit for your healthy ways!
Are you looking for one more reason to trade in your gas gulping car for a hybrid? Many of the largest auto insurers will offer you a price break for your decision to buy an environmentally friendlier vehicle too. They do not claim that hybrids are always safer. They have just researched the type of people who purchase these green vehicles, and they think they tend to make less claims. Car shoppers have another reason to consider hybrid cars.
Do you share rides to work by belonging to a car or van pool? This is another decision that can help save you money, keep the air cleaner, and save you money on your car insurance premiums. People who belong to car or van pools may get an automatic discount. You may also be able to get a low mileage discount. Many insurers will charge less if you drive under a certain amount of miles!
How is your credit? People with better credit scores may get cheaper rates than people with low ones. This may not seem to make sense, but insurers have made a good case for it. They have managed to demonstrate that people with good credit make fewer claims. If you have had some credit problems, work on improving your scores, and you could benefit by getting cheaper premiums!
The next time you discuss your coverage with an agent, take the opportunity to discuss these!