5 Ways to Save on Your Insurance

Loss of Use Insurance ArizonaNo one likes to pay more than absolutely necessary for insurance. It’s one of those necessary evils, until that is you have a claim. Then it’s heaven sent. So how do you save on your insurance premiums. We have had many a client try to negotiate with us, unfortunately insurance rates are filed with the state insurance department and not really subject to negotiation. So how can you actually save? Here are 5 ways that can help you today.


The quickest and easiest way to save on your insurance is to change the deductible. A higher deductible for you means less risk for the insurance company, so your rate goes down. A lower deductible for you means more risk for the insurance so your rate goes up. This isn’t a silver bullet, but if you are looking to save just a few bucks a month changing your deductible might do the trick. That said be careful with this. A higher deductible has real consequences in the event of a claim.

Payment Method

The payment method you choose can actually have a very REAL affect on your rate, and is a great way to save on your insurance. Did you know paying the entire premium upfront can save you 7-10% depending on the company. Auto pay can save you some as well. The bottom-line if the company is confident you will pay your bills they are usually willing to cut you a break.

Bundling… or not

Another cool 5% discount in a lot of cases. And a way to save on your insurance, some times. That said, sometimes your best bet is to shop your home and auto separately. While agents that can only sell you 1 company would like you to think that bundling is a must sometimes you can save money by having one here, and one there. Another benefit of an independent agent


Big word. This discount is for auto insurance. What it means is that you let the insurance look over your shoulder at your driving for a period of time (technologically speaking) to see what kind of driver you are. Some people don’t feel comfortable with this, but here’s how it works. You get a device or download an app. Usually, the companies track just a couple of factors, such as speed, sudden starts or stops, and time of day you drive (between 12AM and 5AM not usually good). The discounts related to good driving can be awesome. With some companies up to 20%, but if you turn out to be not a great driver your rate can go up… depending on the company so ask if there is a possibility that your rate can go up. There are companies that won’t increase your rate, just decrease it.

Watch your Credit

Credit isn’t a discount or really a surcharge, but it is an element of what is called the insurance score. Insurance companies have found a connection between your credit and the likelihood you file a claim. Not every state allows it, but in those states that do, the better credit score you have the lower the rate, and in some cases by A LOT.

There are many, many more kinds of discounts insurance companies allow for, so ask your agents what discounts have been applied, and what discounts you qualify for. That said ask about these ones because these few can help you start saving money today.