Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

Simple Ways To Save Money On Insurance Costs

insurancebillsUS (12/1/2013) Over the course of their lifetimes, men and women can expect to spend thousands of dollars on insurance. People insure their vehicles, homes, health, lives, and a host of other things, and the cost of such security can be significant. Considered essential by many men and women, insurance is unlike any other product or service, as people will pay for it all the while hoping they never need it. That reality leaves many policy holders wondering if there are any ways to save on their insurance policies without diminishing their coverage.

Though insurance companies consider a host of factors when determining the cost of each individual policy, there are some ways that all men and women can reduce their insurance bills.

* Bundle your policies. Multi-policy discounts, which many insurance companies offer to policy holders who combine two or more policies, can save men and women substantial amounts of money. Purchasing homeowners', automotive and life insurance policies from the same provider saves consumers an average of 10 percent, and such a discount can add up to a significant amount of money over the life of your policies.

* Comparison shop. Though shopping for insurance might not be as fun as finding your next television or test driving cars, comparison shopping when buying insurance can save policy holders a significant amount of money. The cost of insurance often varies significantly from provider to provider, and consumers should exercise due diligence when looking to cut their insurance costs. Comfort level with an existing insurance provider should not outweigh the savings you might earn elsewhere, especially if another provider can offer you the same exact coverage at a much lower price. You may even be able to lower your existing policy if you contact your current provider and inform them you have received a more affordable estimate with another company.

* Consider specialist companies. A handful of insurance companies specialize in particular types of insurance. For example, one company might specialize in motorcycle insurance and might be more capable of tailoring your policy to your particular driving habits, offering you discounts depending on how many years you have been riding motorcycles. However, a more general company might simply lump you into one big group, meaning you're likely to earn similar rates as novice riders without your experience. There are specialist companies offering various types of insurance, so look into such companies if you have special needs or less popular hobbies that require insurance.

* Stop paying for duplicate coverage. Many people can trim some of their monthly insurance costs by combing their existing coverages to determine if they are paying for duplicate coverage. For instance, your auto insurance policy may include health coverage, but chances are your existing health insurance will trump the health coverage offered by your auto insurance policy, meaning you're paying for the same thing twice. Examine each of your policies to determine if you are paying for any duplicate coverage, and then contact your provider to remove such items if you find them.

SurfKY News

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

In Other News...

Man Charged for Criminal Trespassing at Cross Creek Apartments

MADISONVILLE, Ky. (10/30/14) — Madisonville Police responded to Cross Creek Apartments after receiving a trespassing… Read More

Large Crowd Turns Out for Annual Kiwanis BBQ

MADISONVILLE, Ky. (10/31/14) — Many turned out Thursday to support Kiwanis, as the oldest civic organization in… Read More

Most Read This Week

October 29, 2014 9117

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 27, 2014 6233

Earlington Woman Charged With Burglary for…

in Local (Hopkins) Top News by Madisonville Police Department
October 29, 2014 4512

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 27, 2014 4448

Baptist Health Madisonville Performs Baptist…

in Local (Hopkins) Top News by Kristy Quinn
October 28, 2014 4314

UPDATE: 'Runner' Ran Home; Family Happy

in Hopkins News by Lisa Crook
October 29, 2014 4297

Central City Businessman Indicted by Grand Jury…

in Top News For All Sites by Charles W. Riley II, SurfKY News
October 28, 2014 3655

UPDATE: Extended to Wednesday; Heaven's Gates and…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 27, 2014 3452

Woman Charged for Domestic Assault with Scissors,…

in Local (Hopkins) Top News by Madisonville Police Department
October 28, 2014 3352

Hopkins County Grand Jury Indictments

in Hopkins News by Karen McKnight
October 30, 2014 3100

Three Injured When Pickup Truck Overturns

in Local (Hopkins) Top News by Rita Dukes Smith, SurfKY News Director

Stories Trending Today

October 30, 2014 3100

Three Injured When Pickup Truck Overturns

in Local (Hopkins) Top News by Rita Dukes Smith, SurfKY News Director
October 30, 2014 2659

UPDATE: Missing Elderly Couple Found

in Local (Hopkins) Top News by Chief William C. Crider
October 30, 2014 1816

Man Charged with Criminal Abuse of 2-Year-Old Girl

in Local (Hopkins) Top News by Lt. Charles Young II
October 30, 2014 1739

Man Accused of Using Bass Guitar to Strike…

in Local (Hopkins) Top News by Madisonville Police Department
October 30, 2014 1450

Madisonville Police Arrest Reports - Oct. 30, 2014

in Hopkins News by Madisonville Police Department
October 30, 2014 1317

Political Races Affecting Hopkins County

in Local (Hopkins) Top News by SurfKY News
October 30, 2014 1279

Man Charged for Criminal Trespassing at Cross…

in Local (Hopkins) Top News by Madisonville Police Department
October 30, 2014 1135

Bond, Conditions Set for Central City Man Accused…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 30, 2014 1101

Golden Arches Added to City’s Eastern Skyline;…

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News
October 30, 2014 1099

MCTI to Present 'Anne of Green Gables'

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss