New Year, New Resolutions, New Insurance Rates
Resolving to make improvements to your health and habits in 2016 can do more than just improve your longevity, your quality of life, your appearance, and your attitude; it can also work to put more money in your pocket! How? Well, in addition to all the cash you’ll save by foregoing the daily double mocha with whipped cream, you can also reap the benefits of having decreased insurance rates. That’s because many insurance providers will give you a break if you make changes for the better. For Example
If you resolve to improve your credit, you may eventually see decreased home and auto insurance premiums.
This is because, in some states, home and car insurance providers look at your credit report and score before determining just what your monthly premium will be. So, by keeping credit card balances under 30 percent of the credit limit, paying bills on time, or, better yet, paying them off, you can improve your credit rating and possibly get a lower rate on your insurance. To request a free copy of your credit report and check it for any factual errors (which are not unheard of), visit www.annualcreditreport.com.
Shed excess pounds to save on life insurance.
As is the case with being a smoker, being overweight can add digits not only to the numbers you see on your scale, but also to your life insurance premium. It’s possible to save as much as fifteen percent on your life insurance costs if you get yourself into shape; this can be true whether you are applying for a new policy or are already insured. Some life insurance providers will reconsider your policy rates if you prove you participate in a diet and exercise program. Talk to your insurance agent for details.
Quit smoking and see your life insurance premium go down.
Quitting smoking cannot only add years to your life; it can also drastically reduce the amount of money you spend on term and permanent life insurance, along with disability and long-term care insurance. Though the majority of life insurance companies require you to have been cigarette-free for at least a year before endowing you with “nonsmoker” status, some offer quit smoking incentive programs that enable you to save money sooner.As is the case with being a smoker, being overweight can add digits not only to the numbers you see on your scale, but also to your life insurance premium. It’s possible to save as much as fifteen percent on your life insurance costs if you get yourself into shape; this can be true whether you are applying for a new policy or are already insured. Some life insurance providers will reconsider your policy rates if you prove you participate in a diet and exercise program. Talk to your insurance agent for details.
Decrease your home insurance costs by increasing your home’s safety.
Some homeowners’ insurance providers offer safety and security discounts. Call or contact Consolidated to see if this is a possibility for you. This could be the easiest New Year’s resolution of all; simply vow to install deadbolts on your doors and better locks on your windows. In some cases, this is enough to see a decrease in your premium. To take things a bit further, you can also install a home security system, or upgrade to a fire-safe roof.
Bike to work and save money on car insurance.
Getting out of the car and onto a bicycle can do wonders for your heart health, your physique, and for the environment. Moreover, it can also decrease the cost of your auto insurance premium. You already know that the less you drive, the less you pay. This is even better now with the pay-as-you-drive plans that some auto insurance providers are offering. They install a special device on your vehicle that records how much you drive, as well as how good of a driver you are (Braking too hard? That’s a no-no,) in order to determine the fairest possible premium.
So, if you make a change, you might save some change, and it may be more than mere pocket change. Happy New Year! Here’s to sticking to those resolutions!
Hire a credible contractor
Did you know that some contractors travel to areas hit by storms to take advantage of unsuspecting homeowners? To avoid hiring one of these “storm chasers,” do your research. Ask around, make sure they are licensed, and check online reviews before signing on the dotted line. Verify your contractor is local, certified, and has insurance coverage to practice in your state.
Work with your insurance agent to negotiate the claim
Ideally, the contractor you hire will have extensive experience working with an insurance company and will be able to help you navigate the process of getting repairs paid for and completed. Regardless, it’s a good idea to get any quotes approved before proceeding with work on your roof or home. Save all receipts, including those from any temporary repairs made to your home.
Contact Consolidated to discuss these and more ways you can save in the New Year!