How To Save $$$ On Insurance in Wilmington NC

You can save money on home, auto, or life insurance by being a savvy shopper.  Here are the four best tips that an insurance agent may not tell you:

Raise your deductibles.  According to the Insurance Information Institute, raising your homeowner’s deductible from $500 to $1,000 could save up to 25% on your annual premium and 40% savings by raising your car insurance deductible from $200 to $1,000.   Put this extra money into a savings account for emergencies.

Ask for a list of available discounts.  For example, tell a home insurer if you’ve installed a home alarm system or a car insurer if you carpool.  Also, see if there’s a discount for bundling your home and auto insurance with the same company.

Shop for insurers when you have a change in your life (marriage, new car, etc.), or a rate hike on your present policy.   Search online to compare rates or look at: www.carinsurance.com, www.homeinsurance.com, or www.intelliquote.com for life.

Also, there are consumers guides for home, auto, and life insurance under Consumer Resources at www.naic.org.  The auto guide, for example, gives you a list of questions to ask an insurer and suggests checking the state insurance department’s website, which has a tool to help you compare specific providers and premiums.

Make sure you’re not under or over-insured.  For example, you need enough insurance to completely rebuild your home and replace all of your belongings in case of a disaster.  For $7.95 you can get a rebuilding cost estimate by going to: www.accucoverage.com. Compare this value to your current homeowner’s insurance policy.

If you need more info on area real estate, insurance, etc, please contact Coastwalk Real estate