At Trumble, we are committed to proactively engaging with our clients to ensure they get the coverage that suits their needs and also fits their budget. Below are 5 ways we see our clients saving money on their insurance needs.
BUNDLING: All of our companies offer discounts for bundling your policies— many provide larger discounts the more policies you have with them. Home, Auto, Umbrella, Life are all our standard recommended policies.
REMOVE "EXTRA" COVERAGES: The number one for auto is full glass coverage! This comes with a hefty price tag, so removing full glass is typically providing significant savings to insureds. Rental reimbursement as well as road trouble service are other coverages that if removed can provide some additional savings. For the home, look at the service line coverage or equipment breakdown options. These can be areas for additional savings.
CHANGING THE "TYPES" OF COVERAGE:For auto, switching from broad to standard collision can provide significant savings. Broad collision means insureds only pay the deductible if they are at-fault. For standard collision, they pay the deductible regardless. For auto, we can also change the PIP limits. We do recommend $500k for those looking for some savings — this also does not require updating the forms annually. For homes, look at the condition of the home — have updates been made to the roof or you do plan on updating it in the next few years? Changing from replacement cost to actual cash value can provide savings until major upgrades can be made. Once those are done discounts can be added for new roofs.
DEDUCTIBLE CHANGES: Increasing deductibles, especially on comprehensive and collision coverage, has shown to provide significant savings. As an agency we recommend $1,000 deductibles for comprehensive and collision. For homes, we recommend deductibles of $2500.The biggest savings we are seeing is from the $250-$500+ deductible range — those that have $250 or less comp/collision deductibles are paying the most.
MINDFUL CLAIM FILING: Some thing to consider for long term savings is being mindful of claims that are filed. Carriers count even small claims against insureds at a certain point. Small glass or towing claims that didn't use to have an impact can now. We recommend only using insurance for "the big stuff." This will help protect you from rate increases.
Not a current Trumble client? Get a quote on your auto and home insurance today to see how much you could save.
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