In times of uncertainty we find ourselves looking at our budgets with more scrutiny. Where can we save more of our money? You can cut cable, or maybe the streaming service. But under a look down you might just find the tv the only way to relax. Here’s a couple tips to help you save a little bit on your insurance.
What kind of deductibles are you carrying? A deductible is what you pay out of pocket after an accident. So if you have $250 deductible, that’s what you’re responsible for paying after an accident. Deductibles have an inverse relationship to your premiums I.e. higher deductibles means a lower premium for you. During a stay-at-home order you probably aren’t out driving as much and if the budget is tight maybe increase your deductible for a couple months.
Have you looked to see if your company offers a ‘telematics’ program? Telematics looks at your driving behaviors and personalizes a discount for you. You may think you’re a pretty good driver because who doesn’t? Put your savings where your mouth is. Sign up for telematics & see how good you really are. Now that you aren’t driving as much, it’s a great time to lock in a big discount.
Do you use your vehicle primarily for business or pleasure? Maybe before the crisis you used your personal vehicle for business purposes (deliveries, client trips, etc…) depending on your company you may be able to temporarily remove business use on your policy. In some cases companies are adding delivery coverage to a personal use auto because of the new delivery services small businesses are using to stay afloat.
There are a lot of ways to try and save on your insurance. The list can go on & on. What’s important is that you call to review your coverage’s with your agent. You never know what you might uncover when you talk about your situation. We’re here to help, give us a call at (740)773-4181.