Save Money on Auto Insurance: 3 Tips to Follow
April 13, 2014Earthquake – Is the Big One Soon?
April 15, 2014There is no denying the fact that renters insurance has reached a level where it is considered the most economical and affordable i.e. an average of $30,000 of personal contents coverage could cost as little as $12 per month depending on geographic location. It is a totally understood fact that it is invaluable, when needed. Even then there are methods with which you can lower the premium. Do you want to know how? Following pointers will help you to explore the answer:
1 – Compare The Costs:
If you really want to find an affordable renters insurance for yourself then you should compare 3 – 5 home insurance companies that offer such kind of insurance for renters. Jot down the rates, prices and policies etc. and then select the best one for yourself. This has helped many to find the best insurance with great deals and offers to avail.
2 – Focus On Your Credit Rating:
Credit card ratings and low-priced renters insurance go hand in hand. Needless to say, if you have a good credit history and credit rating then you can easily avail lower renters insurance without any problem. Try it out to believe it. Although this is a very valid point, there are only 3 States in the Nation that do not permit this formula of utilizing credit scoring to generate premium rates, California is one of these States. In States which do not allow credit scoring as a rating factor, comparatively higher rates prevail.
3 – Role of Safety Devices:
Security is a must for everyone. There are some other benefits of installing security and safety devices other than keeping one’s self secured from troubles. One of these benefits include, reduced cost of renters insurance. Home insurance companies provide discounts if fire extinguishers, window and door locks or smoke detectors are installed in the house.
4 – Be Loyal To The Company:
Some carriers offer loyalty discounts for those who have been associated to the company for more than four to five years. It is a great way to get affordable renters insurance. Since new client acquisition is more costly to insurance companies, where permitted, they are happy to offer retention or loyalty discounts to current customers.
5 – Keep Reviewing:
It is suggested that you should always review your policy at the end of each year. People usually purchase, sell or transfer possessions. When a person reviews the policy it lets them alter the sum of coverage. This can help in saving money.
6 – Multi Policy Discount:
It sometimes helps to purchase renters insurance from your auto insurance carrier; renters insurance is almost never as expensive as auto insurance; thus, you may be able to take advantage of a sizeable discount on your auto insurance for purchasing a renters insurance policy.
With the help of these six (6) pointers, you can definitely save a lot of money on renters insurance. There is no harm in getting an affordable and low-priced insurance. After all, savings help a person invest in the future.