Month: September 2019

5 Easy Ways to Save on Your Insurance

We all wish we had a little more money in the bank. Aside from the obvious steps — like canceling an unused gym membership or cutting back on your online shopping — are there other ways to save a few bucks each month?

Without reducing your home or auto protection, these simple tips might help you save on your insurance costs.

Take a look and see if any of these ideas might work for you:

Ask About Discounts

Bundling your home and auto coverage might be one savings option. You could also save by installing security features in your home. And discounts exist for low-mileage driving, making infrequent claims and having a teen driver who earns good grades.

Reduce Coverage When Needed

If your car is older and it’s paid off, you may be able to reduce your coverage. At least once a year, we should reassess your coverage and discuss whether you might be overpaying.

Don’t Skip Rental Insurance

If you’re currently renting a home or apartment, it’s important to invest in renter’s insurance. When you do, you’ll be able to start building a positive history that could help you earn lower home insurance rates later.

Keep Your Home and Car in Good Shape

Frequent claims will increase your costs. To help avoid this, make sure to stay on top of maintenance tasks. Have your roof and HVAC systems inspected regularly and keep up with oil changes, tire health and other routine car care.

Make Wise Buying Decisions

Before you buy an expensive vehicle, be sure to reach out to learn about the expected costs for coverage so there are no surprises later.

Ready to Save?

Reach out to our team at Vick Insurance today to discuss possible discounts, bundling and other savings options. This quick conversation could help keep money in your pocket. As always, make sure to visit our team on Facebook, LinkedIn, and Twitter.

Is it finally time to buy a new car?

Do you ever have car envy? Maybe a shiny new vehicle caught your eye the other day and now you can’t stop thinking about upgrading.

Before you head to the lot and make an impulsive decision, consider whether it’s really time for a new ride. Here’s what to keep in mind:

Think About Safety

A safe car is a valuable investment. New vehicles offer a variety of features to help reduce risks and better protect your family. If you don’t feel safe on the road with your current car, it makes sense to trade up for the benefit of having curtain air bags, backup cameras, blind spot assistance and more.

Consider the Costs

You’ll also need to ask the basic question: How much will it cost? Calculate how much you can comfortably afford to spend on a car payment and don’t forget to include any taxes and interest fees.

You also need to estimate insurance costs. Newer cars are more valuable, which means your premium will likely increase. And remember that the type of car is also a factor. You’ll probably see your rates rise quite a bit if you buy a flashy sports car, but not so much if you choose a traditional family vehicle.

On the other hand, if you’re putting a lot of money into your existing car for repairs and maintenance, it’s costing you more than it should. And are you currently getting great gas mileage, or will buying a more efficient car allow you to save some money at the pump?

The Takeaway

You’ll know it’s time to buy a new car when you’re putting too much money into your old vehicle or you no longer feel safe in it. When it’s more of a “need” than a “want,” it’s probably time to take the plunge.

Need to change your coverage? Have questions about your premium? Reach out to our team anytime, or check out our social media on Facebook, Twitter, and LinkedIn.