Many homeowners, businesses, and drivers have noticed rate increases for their insurance policies. While prices are rising across the insurance industry, there are strategies to manage rate increases and optimize coverage. Staples & Associates is here to share some of our agents’ guidance for navigating insurance rate hikes. 

How to Get the Best Value for Your Insurance Dollar

Review Your Coverage Annually

Sitting down with an agent from the Staples & Associates team to regularly assess your insurance risks and needs is the best way to save on insurance costs! Work with one of our team members to remove any coverage that no longer suits your situation. Schedule an appointment to review your policies today. 

Bundle Policies

Many insurers offer discounts for people who hold more than one policy. Bundling your home, auto, and other insurance policies with the same provider could help you save! 

Increase Deductibles

You can also consider opting for a higher deductible to reduce your premium. Just be sure you are financially ready to cover the deductible in the case of a claim.

Improve Your Risk Profile

Often, home improvements or other risk-reducing measures, such as installing security systems, can lower insurance costs. Report any major home repairs, such as a new roof, to your insurance company. Our agents can help you find lower premiums as there becomes less risk to insurers.

Maintain a Good Credit Score

Reducing your debt, making payments on time, and checking your credit report could help lower your insurance payment! Because many insurers use credit scores to determine rates, maintaining a good credit score can help you secure lower premiums.

Consult an Insurance Agent

A brief meeting with an insurance agent may be all you need to reduce costs! The team at Staples & Associates can help you navigate the complexities of insurance products and find options that offer better value for your money.

Rely on the team at Staples & Associates to closely review your risk factors and help you optimize your insurance spending. Contact one of our expert associates today!