Getting The Best Coverage and Rates
Most people looking for insurance, shop around to get the best rate out there and are typically drawn to the bigger insurance companies. The most common reason for this is the large amount of advertising dollars spent by these companies. As most are aware, advertising on television or radio can be very expensive. And these costs need to be recouped by these insurance companies. So the spend on advertising is incorporated into the cost of insurance with the big insurance companies.
One way to avoid over spending on insurance is to look at smaller insurance brokers with lower overhead. The less overhead the broker has, the more savings they can pass on to you. Most insurance brokers work with the top carriers to shop around for you to get you the best coverage as well as the best rates.
Another big factor in keeping insurance costs down is to bundle your insurance coverages. Choosing to bundle your home, car and life insurance under one policy is not only easier, but it is actually much cheaper. Bundling home and auto package premiums can save you hundreds of dollars annually versus buying the 2 policies separately.
Surprised by the numbers? You shouldn’t be. The best bundled deals can save you about 10% annually on the rates. And bundling your insurance policies makes it much easier for you to manage. If you are working with a reputable insurance broker, they will shop around their many carriers to get the best rates for you. So, they do all the work, and you get all the savings.