Saturday, January 12, 2013

Saving Green: Insurance Costs

Insurance is sort of a necessary evil. Many people will pay for years and years without ever needing it, and then have one claim. On the other hand, you wouldn't want to get stuck without it if something major happened. So it's important that you're getting the best bang for your buck - that you aren't paying for more insurance than you need, or that you aren't paying for for your level of coverage than you need to be.

There are lots of ways you can go about reviewing your coverage. You can go to sites like Home Owners Insurance Reviews or Health Insurance Reviews to have your insurance needs checked - you can even get specific, such as sites that look just at Medicare Reviews. Or you can manually go to a variety of your preferred insurance companies and compare policies that way.

When comparing policies, make sure you're doing a true apples-to-apples comparison. Many times lower quoted prices don't include all of the features that your current policy may have, so it's important that you know exactly what you're gaining or giving up by switching companies. And sometimes, if you find a competing quote, you don't have to go through the hassle of switching at all - just contact your current agent, tell them what you've been able to find, and see if they can make a similar deal.

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