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Bundling Insurance: Working with an Agent

Keeping up with several monthly insurance payments can be a pain. A couple of years back, I found a way to simplify the process. By purchasing my home, life, and auto insurance with one provider, I went from three to one monthly obligation to track. It did take a little while to find the right provider. Even then, I had to compare different plans, and work with an agent to create the bundle. Now that it is in place, there is no doubt that managing the household budget is easier. If you are wondering about insurance bundling, let me share how I did it. Before long, you will also enjoy the peace of mind that comes with knowing you are covered and what it feels like to deal with only one monthly insurance payment.



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Bundling Insurance: Working with an Agent

How To Avoid High Insurance Rates

by Dwayne Terry

Have you recently talked to a neighbor or family member about what he or she pays for their car insurance? If so, you may have realized that you are potentially paying more than they are, even if you own a car that is worth of lesser value. Well, instead of calling your insurance company and requesting to remove some of your coverage as a way to save money, consider other alternatives. There are possible reasons why you are paying more than your friends or family member, which is why you may want to consider the following:   

Remove Potential Driving Points:

Even though you haven't recently been involved in a car accident, car accidents that happen years ago can still impact the rate of your car insurance. This can be an extremely inconvenient cost as your past mistakes shouldn't take such a toll on your current insurance rates. However, to avoid paying more due to mistakes you have made in the past, consider opportunities to have these points removed from your record by visiting a drivers educational course. Taking your safety serious by taking a drivers educational course will help you remove points from your record, which will prevent insurance companies from utilizing these points against you as a way to increase your rates. So, by removing points from your record, you can avoid giving insurance companies the idea that you are a liability for them to cover and this can help reduce your rates.

Increase Your Vehicles Security:

An easy and very effective way to cut the cost of your insurance rate is to improve your vehicle's safety and security. Even small details can make a big impact on your insurance cost, for example, instead of parking out on the public street, park your car inside of a garage. This reduces your vehicle's exposure to potential auto theft and accidents, which will allow your insurance company to give you discounted rates due to your vehicle not being a high risk of accidents.

Avoid Filing a Claim for Minor Accidents:

One of the biggest reasons why your car insurance rate can increase is if you are filing too many claims. Each time you file a claim with your insurance provider, your insurance provider has to pay money in order to cover the cost of your damages. Because of this, they will more than likely increase your monthly rates to help cover the damages that they had paid for. So, if you have been in a small accident, consider paying for the damages without your insurance company as this can very well saving you hundreds, potentially thousands of dollars down the road by being able to avoid increasing car insurance rates.

Applying these tips will not only help save you money on your car insurance, but it will help you avoid increasing rates due to you being a high liability for your insurance company. So, before you rush to cancel some of your very important coverage, be sure to seek other opportunities when it comes to saving money on your auto insurance bill each month.