Easiest way to save money on monthly car insurance and homeowners insurance premiums

Think it’s hard to get cheap auto insurance in California? How about inexpensive homeowners insurance in Sacramento? You could find it easy to save money on your insurance, if you follow these tips:

Shop around

Buying insurance from the first place you find doesn’t make much sense when the internet makes it so easy to comparison shop. But if you’re short on time and you want to shop around, then your best bet is to use a broker and the broker can do the shopping for you. (If you live in California, you can get an auto/homeowners/renters insurance quote right here on our website.) Of course, don’t be scared of doing it the old-fashioned way and making a phone call.

Combine coverages

Insurance companies know that there is a lot of competition and they want to keep their customers happy. The easiest way to keep their customers for continued enrollment is to offer discounts when you get multiple policies. Some insurance companies offer significant discounts on their homeowners policies when you add an auto policy. You’ll even see savings with renter’s insurance, too.

Raise your deductible

If you’re prepared and have that rainy day fund set up (most financial advisers suggest at least 3 months of expenses or 6 months of expenses if you have a family), then you might want to consider raising your deductible. Also, if you have a higher deductible you might cut down on your claims, which in turn, keeps your premiums lower. After all, if your deductible is $1,000 and the repairs are only $700, it won’t make sense to file a claim when you’re going to have to pay for it all anyway.

Loyalty discounts

Some insurance companies will offer a discount if you’ve been with them for an extended period of time. If you’ve had your insurance with the same carrier for a couple of years, it doesn’t hurt to give them a call to see if they can lower your premiums for being a good customer.