A Cheap Insurance Guide For Your Best Possible Life

 

It isn’t easy in this day and age. We spend years going to school to get educated in a field which we have no guarantee will be there waiting for us.

It seems our culture is more occupied with credit scores than our savings accounts.

We are always asking the questions”what is best for me?”.

Luckily, there are still some tried and true ways to save money no matter what your financial situation.

“Life hacks” just means being smarter.

Have you ever heard the term “work smarter not harder”?

You deserve to have your money working for you and not against you.

This may not always mean taking the cheapest way out.

This means taking the smartest route and the best route for you specifically.

Every life situation is different.

Here you can learn how to hack your cheap insurance.

The best ways to save on cheap insurance that will bring your family protection.

If life were a football game, insurance would be your offensive line.

And you are the quarter back!

Never quit on yourself, you are far too important.

How Does Insurance Work Anyway?

 

To better understand how to save the most money on your insurance, you should know how it works and what it does.

Insurance is a product which you, the consumer, purchase from an agent.

This product protects you up to a certain amount of money, depending on what policies and premiums you choose.

Usually the more you spend on an insurance policy, the more it will protect you.

But this is where it all goes wrong.

You don’t have to spend a lot on your insurance policy for it to work for you.

People save hundreds and even thousands of dollars annually on their insurance by being smart about how they buy.

 Important Definitions:

Agent: A person who sells insurance policies and is licensed to do so.

Broker: A person who compares and finds insurance policies for a consumer. They do not represent a particular insurance company but rather the consumer.

Insurance: (noun)
  1. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
  2. a thing providing protection against a possible eventuality.

    Insurance Statistics

For you to best understand the real purpose of insurance and how to get the best cheap insurance, you should know the statistics and facts.

 

More Facts and Statistics

 

The Ways You Can Save

 

Now that you have a pretty good picture of what insurance is and how it works in the U.S., it is time to shop.

But before you start calling around, read up on what discounts you could apply for.

There are hundreds of ways to save on insurance. And not just car insurance.

There is something to be said about doing ones research.

Whether it is reading blogs or asking friends and family, you don’t want to get stuck paying hundreds of dollars more for insurance, when you could be paying less.

 

Bundle

One of the easiest things you as the consumer can do is bundle your insurance.

You have health insurance right?

Bundle that with your car insurance if your company allows it. And if they don’t, ask a broker to find you an insurance agency that will.

Typically bundling will save you about 10% on your insurance. The more you bundle, the happier your insurance agency will be.

This proves that you are a loyal customer, and they want to reward you for this. Think of it as a way to make your billing easier as well.

Wouldn’t you rather get one bill for all of your insurance?

You may be thinking that this sounds like putting all of your eggs in one basket. And yes, this is true. But don’t be worried!

This is guaranteed to save you a few bills in the end.

Pay Annually

You most likely get a bill for your auto or home insurance every month. Maybe your homeowners insurance is rolled into your mortgage.

Either way, you pay 12 times a year. If you choose to pay annually or bi-annually you will again be dropping your rates.

Car insurance companies could take off over one hundred dollars a year by sending out two bills instead of 12.

If you have the cash flow, paying a one time fee for all of your insurance will significantly change your rates.

Add bundling and an annual payment, and you will see your bill drop even further.

 

Discounts

Don’t be afraid to ask for discounts. More often than not, you will qualify for one.

Here are a list of a few types of discounts you could be missing out on:

More discounts…

Terms That May Help You

Here are a few words from the wise that may help you with your insurance research.

More Terms…

Know Your Company, Know Your Agent

One tip that you may have already thought of is to know what companies you are dealing with.

Getting cheap insurance with just anyone is not a smart idea. You should be working with a reputable company who has been established for a while.

A broker can be very helpful in this area. They are trained to serve you and not the insurance agency.

Sit down with a broker so they can best provide you with the information that serves you well. There is nothing worse than dealing with a company that lacks support.

You should be looking for a company that has 24/7 customer support. If you are in an emergency situation and need to get ahold of someone, you should be able to.

Have Peace Of Mind

If you are constantly thinking about how your insurance agency might fail you, or have had a bad experience in the past, make a change.

There are many qualified people out there who not only save you money, but pair you with the right company.

Having peace of mind is very important. You probably spend a pretty penny on your insurance costs!

Own a home? You need homeowners insurance.

Own a car? You need car insurance

Have a family? You need health insurance

There is no getting around it, you must have the protection you and your family deserve.

Here is a list of the top insurance companies in the United States:

  1. State Farm- has been around forever and has capital to back just about any situation
  2. Geico- has great customer service and low rates
  3. All-State- offers a wide range of policy options
  4. Progressive- 24/7 service and low rates
  5. USAA- for military members and their families
  6. Liberty Mutual- has great shopping satisfaction and a lot of options on their policies
  7. Mercury Insurance- low rates and high satisfaction ratings
  8. Farmers Insurance- a large company that is well-established

 

The best way to go about this process is by calling an insurance broker who can work for you.

Talking directly to an agent who works for the insurance company may be bias.

Have someone who is on your side.

Contact this agency for more support!

 

 

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