A Penny Saved is a Penny Earned

A Penny Saved is a Penny Earned -
Benjamin Franklin

Wednesday, August 17, 2011

Annual Reviews

At least once a year review ongoing expenses such as auto insurance, home insurance, cable, electric. Often new plans are available that are not advertised.

I checked a few other companies for comparative prices and then called my insurance company and was able to reduce my auto insurance by $100 a year. As an added bonus, my deductible is decreased by $100 each year there are no accident claims. The maximum deductible reduction is $500.  There is also a 5% rebate every six months if no claim is filed. Well worth the phone call.

2 comments:

  1. May I ask what company you are with? We only have liability. I wonder if we could negotiate a reduction???

    ReplyDelete
  2. Rebecca, check with a few other companies to see what they would charge you for the same coverage and then call your insurance agent and find out if you can get a reduction. It may be worth changing companies if you get a better deal.
    Ann

    ReplyDelete

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