Sunday, May 3, 2009

Controlling insurance costs

Personally, I shop around to at least 4 companies and bundle all of my policies together. It proves to give a better rate and also I raise my deductibles. You can see big savings for higher deductibles . Every now and then say once a year pull out your deck pages and shop you coverage around. You just might find a cheaper rate. Its really easy, fax your deck pages and they do all the number crunching...
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3 comments:

  1. arkhockeyMay 4, 2009 at 3:17 PM

    Yes, i do this as well for my car insurance. It means im usually switching carrier every 6 months or so. As long as you don't mind a little paper work you end up saving a few dollars

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  2. Rob LevinMay 4, 2009 at 4:36 PM

    It's an interesing area of business operation because it requires a good sense of how much risk (higher deductable) you can safely assume.

    I also wonder if the agent plays much of a role anymore in the process of getting insured and maintaining insurance at an affordable rate. In the world of auto insurance, the big insurers are slowly but surely squeezing out the agent and going to a direct-sales relationship. Will it be the same for business insurance?

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  3. schockcMay 4, 2009 at 7:15 PM

    deffinately an important thing to look or "shop" around. A lot of people tend to settle on a deal that looks good and don't realize what deals their missing out on!

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