Broker Check
Blog #6: Are you pouring insurance money down the drain? 3 Savings Hacks

Blog #6: Are you pouring insurance money down the drain? 3 Savings Hacks

February 07, 2023

Life is busy. You most likely have not looked into your insurance policies recently and it could be costing you $1,000+ this year.

Most people overpay for car insurance, home insurance, or both!

Consider this:

  • 62% of Americans are overpaying for car insurance
  • 76% of people who shopped around for insurance saved money

Here are 3 savings hacks you could take advantage of to potentially save you $1,000+ on insurance this year.

Hack #1: Explore Bundling

Bundling does not always save money, however, many insurance providers will incentivize you with discounts to bundle their home and auto policies. Also, the statistics support bundling! 55% of consumers saved money by bundling insurance policies.

Hack #2: Go Shopping!

Shop around for multiple quotes and seek out insurance providers that offer discounts. Some companies will provide additional discounts for something as simple as downloading their app!

Hack #3: Outsource

Like I said before, life is busy. Maybe you don’t have the time or energy to look into your insurance policies. If that’s the case, you can outsource to a professional. I am not a home and auto professional, however, I will help you shop around to find a good deal, completely for free! I love saving people money!! Book a free session with me and I would be happy to review your policies to see if I can find hidden savings for you.

Book a Free Strategy Session Here

Samuel Shinn, MBA

Wealth Advisor

856-437-9294

Samuel.shinn@lpl.com

Sources:https://getjerry.com/insights/new-study-confirms-youre-probably-overpaying-car-insurance#62-of-americans-are-overpaying-for-car-insurance

https://www.valuepenguin.com/consumers-shopped-around-insurance-saved-money

Life is busy. You most likely have not looked into your insurance policies recently and it could be costing you $1,000+ this year.

Most people overpay for car insurance, home insurance, or both!

Consider this:

  • 62% of Americans are overpaying for car insurance
  • 76% of people who shopped around for insurance saved money

Here are 3 actions you could take to potentially save you $1,000+ on insurance this year.

  1. Explore Bundling