A Survivor's Perspective

Save on Insurance

Where Has All The Money Gone
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As mentioned on the About Me page, I will be using SME’s (subject matter experts) to help me give you advice. I am very fortunate to have friends and colleague’s who are willing to give me a hand. One these wonderful people is Gina Russo of Trenchant Insurance. Please check out her website at www.quoteroad.com

Gina sent me the following info:

“Yes, it is possible to save money! You may have been through it before, a company raising your rate when you have been with them for years and you have no tickets or accidents. Or maybe you do have blemishes on your record – regardless, we all desire affordable insurance. Affordable insurance exists without sacrificing the crucial protection you need if the unthinkable were to happen. ”

10 Ways to Reduce your Auto Insurance Premium without Sacrificing Coverage:

  1. Increase your deductibles. The higher the deductible the lower the premium you pay. Choosing a higher deductible means you are willing to pay for small claims out of your own pocket. This also allows you to purchase higher liability limits. You may be willing to pay a few more dollars now for tens or hundreds of thousands of dollars of more coverage later.
  2. Make sure the number of miles driven per year is correct. The more you drive, the higher your insurance premium.
  3. If you have a young driver take advantage of the good student discount (given to full time students with a grade point average of 3.0 or higher and drivers training discount – given to drivers who complete a drivers training course).
  4. Make sure your vehicle usage is classified correctly: pleasure use, driving to and from work or driving for business purposes.
  5. If you are over 55, you can take a driver safety course that provides a discount on your policy.
  6. Watch the fees when you pay your insurance premiums in installments. Some companies charge $10 per month which really adds up over time. Automatic deduction has lower fees and many companies offer a discount if you pay your policy in full.
  7. Check to see that the drivers on the policy are listed on the correct vehicle. If mom and dad share a sporty convertible, make sure the teenage driver is not listed as the primary driver of that vehicle.
  8. Education – tell your agent your level of education, some companies give you a cheaper rate for higher education.
  9. Good driving record – of course! The less tickets or accidents the better the rates!
  10. Insurance history – it is similar to credit history – the longer you have had consistent insurance, the better your rate. Do not let your policy cancel. Not only does it affect your insurance rates but you can be fined by the your states DMV for having a registered vehicle without current and active insurance.

3 Ways to Reduce your Home Insurance Premium without Sacrificing Coverage:

  1. Ensure your policy has the correct dwelling amount, which is the cost estimated to rebuild your home. Take the time to thoroughly review this with your agent. Your home may be overinsured.
  2. Increase your deductible- again the higher the deductible, the lower the premium. You may not want to submit a claim to your insurance company under $1000 so increase your deductible and save the money.
  3. Burglar and Fire Prevention – tell your agent about smoke detectors, dead bolts, fire extinguishers, central reporting fire and burglar alarms, indoor sprinklers and if you are in a gated community.


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