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Save money on home and auto insurance
Taking out an insurance policy can be a tedious task, especially with an abundant and varied offer and variable rates. But what are the factors taken into consideration by insurers when setting the prices of an insurance policy?
Home & Auto Combo
Obviously, the guarantees taken out are one of the variables taken into consideration, but other criteria are included in the composition of the value of an insurance premium. While some criteria are fixed, others are variable because they depend on the profile of the insured and the statistics relating to claims and claims.
Thus, in the case of home insurance, several elements are taken into account such as the place of residence, the age of the construction, the roof, the plumbing, etc. But also the latest renovations carried out, the type of heating and the history of claims, as well as the credit file. On the auto insurance side, the factors that go into the composition of the premium are: the age and sex of the driver, the type of vehicle, the place of residence, the use of the vehicle, the credit history and the driving and claims record.
Home and auto insurance estimator and comparator
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Shopping around for insurance contracts is the best approach to take to save money on the insurance policy with an online comparison tool. It is advisable to request several estimates from the comparators of the various insurance companies or by contacting a broker specializing in damage insurance who has a large network of insurers.
Learn about warranties and special rate programs
Some clubs, associationsand educational establishments have agreements and agreements with insurers, which allows them to benefit from preferential rates. Therefore, it is advisable to inquire in advance with the insurance agent or broker. Some insurers offer special offers for professions such as nursing or engineering, for example.
Report the use of the vehicle to your insurer
If the vehicle is not used to get to work, it is important to inform the insurer. The value of the premium to be paid may take into account the mileage driven by the vehicle. It would be interesting to find out about the possibility of participating in a pricing program based on the use of the vehicle through telematics.
Playing it safe
By choosing to install an alarm system or an anti-theft device, it is possible to save on the car or home insurance policy.
Combining insurance
By taking out car and home insurance policies with the same insurer, it is possible to take advantage of an additional discount, thanks to this combination. Don’t hesitate to use a powerful online car insurance comparator .
Increase the amount of the deductible
To save money on the amount of the premium, it would be interesting to think about increasing the amount of the deductible, i.e. the amount to be paid by the insured in the event of a claim. But before opting for such a choice, it would be wise to make an estimate of your financial capacity in the event of a claim.
Choosing the right insurance policy coverage
The guarantees that make up the insurance policy influence the amount of the premium to be paid. It is possible to settle for basic insurance instead of choosing more comprehensive coverage. But before making a decision, the risk in the event of damage must be assessed. It should be noted that certain guarantees cannot be removed from the contract, particularly in the case of a long-term rental vehicle or bank loan financing. Do not hesitate to compare by asking an insurance broker for an estimate to benefit from his advice in order to select the coverage best suited to your needs and situation.
