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Getting the best insurance rates is, well, tricky. We’re here to help. These tips are good for personal home and auto insurance as well as commercial business liability and auto as well.
There are many factors that affect your insurance rates, but with Ravenhill you can rest assured knowing that we’ll do everything in our power to get you the best rates possible. Insurance premiums differ quite a bit depending on the company that you go to. Using a broker like Ravenhill Agencies allows us to assist in the shopping process. To make sure you’re not overpaying for what your insurance company offers, it pays to take note of various factors.
Here are five things to consider when choosing an insurer:
-The best way to get the best rates on insurance is to review all policies with a broker and to bundle your policies to take advantage of discounts and help prevent gaps in coverage.
-Always compare apples to oranges before deciding on your preferred provider. For example, each provider has to most degree the same outcomes, but some have important endorsements and limits that other companies may not have and are worth paying a little more for.
-Do not overlook the option of higher deductibles. Deductibles are paid in the event of a claim. Higher deductibles chosen often result in lower total premiums over time.
-Are there items you no longer need insurance for? Did you sell that collectible or piece of equipment? Let us know so you are no longer paying for the insurance on that particular item. Having a bill of sale available is helpful to go back in time for the change if needed.
-Reducing coverage on older vehicles or reviewing the value of certain items, such as equipment, allows for premiums that are appropriate to the value of the items.