Please Share
**This is a sponsored post. I am not an expert on insurance. If you need advice on insurance I would recommend contacting your insurance agent**
Insurance, not my favorite subject, mostly because it can be so complicated. Some insurances you have to have like car insurance, some insurances you should have like medical insurance, then there’s others you’d like to have like maybe a supplemental insurance of some type.
First off let me say that I’m an NOT an expert on insurance. If you need advice on insurance I would suggest you talk to an insurance agent. That being said, here’s my tips for testing the cheap rate coverage water.
We all want to save money when it comes to insurance but sometimes the cheapest isn’t always the best. You want to make sure you have the right coverage for you and your family. I can say, at least in the state of PA, a lot of banks want you to have full-coverage on your vehicle to take out a loan. A way of protecting their investment. If you don’t have to finance your vehicle ask yourself if you can really afford to just have liability insurance. Do you have a sizeable amount in savings should you get into an accident? Don’t just think about if you have to repair your car. What if you had to replace your car or had your own medical expenses to deal with from an accident. If you choose full coverage, are you able to cover the deductible? Is there enough coverage for your family? When you talk to an insurance agent, let them know you’re on a budget and ask questions when it comes to the coverage.
When it come to other types of insurance think about what you really need. Do you really need flood insurance for your house? Check into the area, is it a flood prone area? When was the last incidence of flooding? Also remember that flood insurance could be considered in the case of your pipes breaking and flooding your basement or something along those lines. Check out the cost of the insurance verses what it would be to repair it on your own.
When it comes to supplemental insurance like AFLAC for example Sure they’re nice to have but do you really need a cancer policy? I can tell you I do have a cancer policy but I have a lot of cancer in my family. Both my mother and grandmother had breast cancer, my paternal grandfather had lung cancer, and I had 2 cousins with leukemia. For me it’s an investment and it does fit into my budget. I feel better knowing it’s there in case something would happen.
So again my best advice:
–Ask yourself do I really need it?
–If you need it, how much do you need?
–Ask your insurance agent questions, make sure they understand your budget
–Ask yourself, how much can you financially afford should the worst happen in the particular situation your looking at insurance for.
Sign up for Free Stuff, Fun Sites, Contest and More feed
We’ve been with Progressive for over 10 years for house insurance, two cars, a motorcycle, and occasionally a camper. I pay around $98 a month for full coverage on two vehicles which I think is great. However, when we tried to add my boyfriend’s 16 year old daughter to our insurance, they said it would cost $262 a month just for her! Needless to say, we called around and Allstate can insure her for around $60 a month. Therefore, we’re going to transfer all of our business to Allstate later this month because we questioned our other policies and we could save around $1000 a year by switching!
Also, we questioned Progressive why they were so much higher and they said they just “don’t like young drivers.” I understand that totally but this may cost them business in the long run, such as in my case.