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#2 Multiple Insurance Carriers Mean More Options

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An insurance broker is your advisor when it comes to insurance and will act as the intermediary between you and the insurance company. They’ll work closely with you to understand your needs and scour all available choices to help you find the solution you’re looking for. Unlike brokerages that are owned by one specific insurance company (called agencies), independent insurance brokers have partnerships with multiple insurance providers. Agencies often have products that are limited to their affiliated insurance company, which means that the solutions they offer may not always be in your best interest. An independent insurance brokerage will look at all options on the market so you can get the best value for your money. If your car is hit by someone with minimal or even zero car insurance, do you want your auto policy to cover the gaps? if a high-value item gets damaged or stolen from your home, do you want to be compensated for it? do you want to make sure your family doesn
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3. An Advocate for Customers

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They save you money because independent insurance brokers aren’t tied to a single carrier, they will shop multiple insurance carriers for the best rates for you. That means you’ll be able to compare pricing from several carriers for the same policy. This comparison can frequently result in significant cost savings. You can save even more money by taking advantage of multi-policy discounts and purchasing insurance plans that operate together to provide comprehensive coverage. Private insurance brokers work with a variety of insurance companies to find you the best coverage at the best price. An advocate for customers instead of working for a single corporation, an independent insurance agent works for the customer. 5. They Get to Know You In addition to receiving commissions, some insurance brokers also charge fees. In general, broker fees must be reasonable and disclosed to the buyer. Your state might also have fee restrictions. For instance, in florida broker fee
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6. Increase the deductible

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Assuming some of the risk yourself by choosing a higher deductible may reduce your policy premium. Your deductible is the portion of a loss that you are required to pay. Saving tip: increase your deductible. A higher deductible means you pay more towards the repair cost, while your insurance company pays less. As a result, your premium is lower. Your deductible is how much money you pay out of pocket when you file a claim with the insurance company. Once you pay your deductible, the insurance company takes over and pays the rest. So, the higher your deductible, the lower your monthly premium. While this can save you money in the short-term, it can be a costly mistake if you don’t have at least the amount of your deductible in your savings. For example, raising your deductible from $500 to $1,000 can save you as much as 25% on your premium. However, if you don’t have at least $1,000 put away to pay your deductible, then you’re out of luck when something happe
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Direct Insurance From Insurance Company

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Whether you have purchased insurance before or are completely new to the insurance world it can be overwhelming and confusing. A great place to start is to understand the different ways you can purchase insurance. 3 types of insurance agents captive agents: captive agents are only able to write insurance for a specific company. The agent is tied to a specific provider. Examples of providers that sell this type of insurance are allstate, state farm, or farmers. Direct agents: the direct agent is an insurance agent that is strictly online and has no physical buildings. These agents do everything online and can give you cheap coverage but may not give you the comprehensive customer experience you want. 3 Advantages of Being an Independent Insurance Agent Independent agents work with many different insurance carriers and are capable of offering all types of insurance for both residential and commercial customers. Since captive agents only work with one carrier, yo
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7 Ways to Save Money on Car Insurance

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Enroll in your 401(k) rollover an account your financial future starts here discover your path to investing and retirement insure my insurance peace of mind starts here discover how insurance can help you protect what matters build your knowledge build your own financial plan planning for & protecting your future retirement for businesses 3 ways to save for the cost of health care in retirement. If you are over 55, you are considered a mature driver, and you may have noticed a small bump in your car insurance. It hardly seems fair that solid, experienced drivers should pay higher premiums than younger people, but often that is the case. If you’d like to save money on your car insurance, you can do so by taking a very simple online driving class. In some states, such as new york , it is even required by law that insurance companies have to offer such a discount. Now that you can take this course online, from the comfort of your home , it is well worth cons
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2. Take advantage of car insurance discounts

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Depending on where you live, taking a driver safety course may help you get car insurance discounts. Ask a local state farm agent for a list of qualifying courses and requirements. Other factors can affect insurance rates, including government regulation, taxes, health care costs, increased court awards, towing fees, repair costs, and insurance fraud. Here are some other tips to save on car insurance. Compare quotes from difference companies**. Consider not only the premium, but also what you’ll get for your money, such as the amount of cover age, the claims service and the types of losses covered. Ask about discounts. You may be eligible for discounts for insuring multiple vehicles, purchasing more than one type of insurance from the same company, installing winter tires or being a retiree. Pay your premium on time. If you know the right questions to ask, you could find additional car insurance discounts for which you qualify. Here are some common insurance discounts t
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5. Drive a car that’s cheap to insure

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What kind of car you drive how much you drive and for what purpose ways to save money on auto insurance shop around. Prices for the same coverage can vary by hundreds of dollars from company to company, so it pays to shop around. You should get at least three different price quotes. But, don't shop for price alone. Talk to a number of insurers about what they offer and what they would do to lower your costs. Don't forget to ask about claims service! assess your deductible. Deductibles represent the amount of money paid out-of-pocket before you make a claim. By requesting higher deductibles on collision and comprehensive coverage, you can substantially lower costs. Choosing a car with a good safety record isn’t just sensible; it’s also a great way to save on car insurance. You could get discounts on the price of your auto insurance by choosing a car with good safety equipment. “insurers not only look at how safe a particular vehicle is to drive and how well it prot
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