Secret Key Factors Slashing Your Insurance Premiums Now
Key Factors That Can Reduce Your Insurance Premiums
One of the most effective ways to lower your insurance costs is by bundling policies. Many insurance companies offer discounts if you combine multiple types of insurance, such as home and auto, under one provider. This not only simplifies management but can also lead to significant savings, sometimes as much as 20%1.
Another critical factor is your credit score. Insurers often use credit-based insurance scores to assess risk. A higher credit score can result in lower premiums because it suggests a lower risk of filing claims2. Therefore, improving your credit score can directly impact your insurance costs.