The 15 Best Ways to Save Money on Insurance. Here is a quick list for you to consider when purchasing or changing insurance policies.

Seek out multiple quotes when considering switching to a different insurance carrier. We are independent brokers and represent many different insurance companies to find the best fit.
Audit your coverage to make sure it is appropriate. Oftentimes homeowners insurance coverage A (which is the dwelling coverage) goes up over time. If you have had the same insurance company for a long time then this coverage can creep up on you.
Bundle your auto, home, and umbrella policies with one carrier. This bundled discount is often a huge discount relative to what is available. Always bundle if possible. Some companies like, Nationwide, will even give a bundled discount if you have life insurance with them too.
Carry higher deductibles if you are able to “self insure” and pay the higher amount if a claim arises. This helps lower your monthly premiums.
Stay with your insurance company for 3-5 years before switching. Other carriers look upon this favorably when you seek out quotes.
Have good credit. This is a factor often rated for in car insurance. Some car insurance companies refer to is as an “ISO” score which is heavily based upon credit.
Consider driving monitoring programs through the insurance carrier. The insurance companies will often have a plug-in device or an app on your phone you can download that allows them to monitor how you drive. The savings can be huge.
Carry higher liability limits. This pertains to car insurance. When you shop for car insurance one of the larger rating considerations is your previous liability limits. The higher the better.
Be accident free. This is obvious but it needed to make the list. Have a clean record and you will save money.
Get an insurance quote before purchasing a new car. Oftentimes we see people purchase a new car without considering the insurance price. If you are going to purchase a car you can always call and get a quote to get an idea of your “all in price”.
Consider liability only on older vehicles. This is a judgement call for the owner of the vehicle – but if the vehicle is older and you can “self insure” it against a loss – then you can save money by not having comprehensive and collision coverage.
Research which cars are safe. The safest cars usually have good statistics on insurance frequency therefore a good relative insurance premium.
Notify your insurance professional of changes. If a young driver of the household leaves and now lives somewhere else it is important to notify your insurance company. Huge savings here.
Shop your insurance 3 years after an accident. This is important to do because 3 years is the usual “fall-off” date.
Work with an insurance broker. I am a little biased on this last one because I am a independent insurance broker. But it does allow us to seek out many solutions for our clients which often means savings.

I hope you enjoyed this blog post. My goal was to give you some easily digestible tips to save money on your insurance. I’m a big believer that insurance does not need to be complicated and hopefully we can educate more people on different topics.

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