Getting the best insurance deal doesn’t have to be complicated. Here are simple, effective ways to check if you’re getting the best value for your money:
1. Compare Quotes Regularly (At Least Once a Year)
Use comparison sites (NerdWallet, Policygenius, The Zebra) to quickly check rates.
Get quotes from at least 3 insurers—prices vary wildly for the same coverage.
Check both big names & smaller insurers (sometimes regional companies offer better deals).
2. Review Your Coverage Needs
Avoid over-insuring – Do you really need $1M liability on an old car?
Look for gaps – Are you underinsured on home/renters’ insurance?
Ask about discounts (multi-policy, good driver, safety features, etc.).
3. Check for Hidden Discounts
Loyalty discounts – Some insurers reward long-term customers.
Pay-in-full discount – Paying annually can be cheaper than monthly.
Group discounts – Alumni, employer, or professional associations may offer deals.
4. Adjust Your Deductible
Higher deductible = lower premium (but make sure you can afford it in a claim).
Example: Raising auto deductible from
500
→
500→1,000 can save 10-25%.
5. Bundle Policies (But Verify It’s Actually Cheaper)
“Multi-policy” discounts (e.g., home + auto) can save 10-25%.
BUT sometimes separate insurers are cheaper—always compare!
6. Monitor Your Credit Score (If Applicable)
In most U.S. states, better credit = lower premiums (especially for auto/home).
Dispute errors on your credit report to avoid overpaying.