How To Save On Auto & Home Insurance? Here Are 8 Effective Ways

So you’ve started a new chapter in your life and purchased a home and even a car. Like any smart home and automobile owner, you’d want to keep your assets safe and secure from any unsightly circumstances. Your home and automobile can still get damaged by earthquakes, hailstorms, windstorms, floods, typhoons and other natural disasters at any time. Same with accidents and theft. Keep your investments safe and have peace of mind with reliable insurance.

If you’re trying to save money on insurance, here are some tips on what to consider before investing in a home and auto insurance.

1. Do your research

Just because a company offers the most expensive insurance plan doesn’t necessarily mean it’s the best one. In fact, even insurers with the cheapest insurance rates could be your best bet. Do some research and look up companies online to check reviews, rates and range.

2. Choose based on quality

Once you’ve done your research, don’t rush and choose one based on their rates alone. You need to consider the quality of their services if the price is fair when you finally need their assistance in filing a claim. Speak with the insurers directly before you commit to one and don’t feel shy to ask if they could lower costs.

3. Expand your deductibles

How to save on auto insurance and home insurance? Increase your deductibles. This is the cash amount you need to shell out before the insurance provider starts to pay a claim in the event of accidents and damages to your home or vehicle. For car insurance, deductibles usually range from $250 to $1,000. If you have higher deductibles, you pay less for your annual premium. For home insurance, deductibles normally start at $500, but if you can raise it to $1,000, you'd be able to figure out how to save on home insurance by 25%.

4. Look for discounts

Every insurance provider offers several discounts that can lower your auto and home insurance premiums. The factors that will make you qualified for these discounts will vary per state. For example, you may get a discount for having a work-from-home setup or being retired because you are less likely to get robbed or are able to assess any threats like fire, right away by being at home. For car insurance, you can get a premium that’s based on your mileage. Some major auto insurance companies also look at your driving history and habits as well as any additional safety equipment installed in your vehicle.

5. Invest in safety

When it comes to how to save on insurance premiums, it’s important to be proactive. Invest in the safety and security of your home and vehicle. Make your home more resistant to natural disasters in your area. If you live in a typhoon-prone state, invest in storm shutters or reinforce your roofing. Modernize the elements of an old house with a new plumbing and electrical system to prevent water and fire accidents. Have security features in both your home and car including alarms and cameras to discourage burglars. It also wouldn’t cost you a dime if you drive safely.

6. Seek out loyalty discounts

If you’ve been with your insurance provider for years, then consider asking for a discount on your annual premium. Insurance companies usually offer discounts to long-term policyholders and as much as 5 to 10% for sticking with them for several years.

7. Maintain good credit

Car and home insurance companies look at your credit when providing you with coverage. It’s important to keep good credit standing by paying bills on time, keeping your credit balances low and not acquiring more credit than necessary. However, this policy does not apply to all states. Insurers will advise you if your credit will affect the rate of your coverage so you can verify if their information is accurate.

8. Get your home and auto insurance as a bundle

Consider sticking to one insurance company that offers both home and auto insurance. You can save from 5 to 15% by getting your home and auto insurance as a bundle. Make sure the cost of the combined insurance policies is lower than if you would buy them individually. Look for companies that offer this like Branch.

Branch is not your average insurance company. It leverages the power of technology and the community to offer affordable and universal insurance to everyone, especially to those who need it the most.

Why choose Branch?

Filing a claim has never been easier

File a claim in an instant through the Branch app, the website, or even by phone and an associate will contact you ASAP to provide you with the next steps. They’ll be with you throughout the entire process to answer any queries and update you on your claim’s status.

Auto & Home Insurance that’s affordable

It’s hard to imagine how insurance rates can be so affordable for great coverage. That’s because Branch Financial sells direct so it can keep costs low and you can keep the savings. Their home and auto insurance bundles ensure that you get as many savings from your coverage as possible.

How much does Branch cost?

It will depend on your location and the type of insurance you choose. But Branch does offer more savings than your typical insurance company. Check out all that Branch has to offer here.