How to Save Big Bucks on Your Home and Auto Insurance

by on January 9, 2013

Some of the major living expenses for Americans these days are home and auto insurance. Policies are pricey, but you can keep costs down by qualifying for discounts. Give a licensed agent a call and ask whether you are eligible for savings opportunities.

Home insurance discounts

  • Home-auto. Bundling your home and auto insurance by purchasing both policies from the same provider is one of the best ways to save money on your insurance. The price reduction on your premiums can be immense.
  • Safety features. Keeping your home and family safe is also cost-effective. If your house is equipped with smoke and fire detectors, deadbolts or an alarm system, you might qualify for a discount.
  • Claims free. Insurance providers are eager to partner with customers who are unlikely to experience a mishap and file a claim. If you have gone claims-free for some time, you’re deemed less likely to file a claim in the future. Your claims-free history makes you good business, so you might be able to snag a discount.
  • Nonsmoker. Nonsmokers are less likely to set a house fire. Make sure you ask for a nonsmoker discount if you live smoke-free.
  • 55 or older and retired. Many seniors are bound to a fixed income, so they can save some money with a special discount for homeowners who are 55 or older and retired.

Auto insurance discounts

  • Multi-car. Just like the home-auto discount, increasing your business with a particular auto insurance carrier can boost your value. Insure multiple household vehicles with one provider and you can achieve significant savings.
  • Good student. Insurance can be mighty expensive for young drivers. Luckily, there are discounts specifically geared toward households with teen motorists. If your teenager is maintaining a good GPA, you might qualify for a discount.
  • save big on auto and home insuranceDefensive driving. Insurance companies benefit from doing business with clients who stay out of accidents. It’s for this reason that providers sometimes offer discounts to customers who take accredited defensive driving courses. Depending on your carrier, this savings opportunity is available for teen and adult drivers.
  • Payment and document options. How you manage your account and payments can also save you some money on your insurance. Some providers offer discounts for signing your documents online or paying your premium in full.
  • Safety features. One of the perks of certain discounts is that you don’t have to do anything to qualify. If your car has airbags and an alarm system, you might already be eligible for discounts.
  • Electric vehicle. A downside of owning an eco-friendly car is that they’re expensive. Small models can cost upwards of $50,000. The good news is that some providers are starting to offer savings to EV owners.

Discounts can save you a lot of money and they’re easy to come by. One warning: Discounts vary greatly according to which provider you use and what state you live in. Call an agent today to see if you qualify for savings.

{ 43 comments… read them below or add one }

Kristine January 13, 2013 at 9:48 am

I’m not really big on insurance. I guess I’ve lived a pretty sheltered life with my dad’s moeny but its time to enter the real world.

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Emilia January 13, 2013 at 10:40 pm

Excellent tips here! I’ll be saving a lot with all the tips you’ve provided. Thank you so much!

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Kelly January 13, 2013 at 11:52 pm

My resolution revolves around saving and making more money. This is definitely a good way to start. Thank you for sharing it with us.

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Lee January 15, 2013 at 3:42 am

Hi bundling together your insurances together is always a good idea always saves me money. The other one I always use is being a new customer every year so you get the new customer discount. Can’t understand why insurance companies don’t spend more time trying to look after there existing customers rather than giving discounted premiums to new customers who are only going to stay with them for a year ie me

Great post
Lee
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Sandra January 15, 2013 at 4:35 am

Thanks for posting auto insurance tips. When purchasing an Auto insurance, it is also important that you go for a company that has built good reputation. Discounts are really appealing. Thorough evaluation and Choosing a good insurance provider could also help you save money.

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New York Building Insurance January 25, 2013 at 7:31 am

Generally your home insurance will provide you with coverage for the contents of your home as well as for the structure itself. Normally if your home is destroyed everything inside it will be destroyed as well so having this coverage is another huge advantage of home insurance. In addition your home insurance policy will generally cover the items in your home in the event of theft, another huge benefit.

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Purnima January 30, 2013 at 7:04 am

Effective tips to cut costs at home . With so many insurance providers and deals in the market decision making is quiet tedious. I have gained lot of insight to save money on insurance now . Thanks .

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Edward Moore February 4, 2013 at 12:04 am

Both home and auto insurance is really important for a person who works for his daily living. As much as we can save money we will do that for our future’s sake. There are a lot of insurance companies but few can guarantee and satisfy your needs.

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Internet Lawyer Washington March 1, 2013 at 1:12 am

Just to know, do not subscribe a car insurance with GEICO.
I’m cancelling the policy because I’m very dissatisfied about the Geico’s commercial way of selling insurance.
I tell you why.
First I checked on Internet the price. It was around 70 with all the maximum coverage, and it was good for me, I started the registration and I got stuck getting a message which told me to call them via phone.
Then I called and I spent one hour at the phone discovering that the price was doubled and the coverage halved. I asked the guy why, and he told me that was because GEICO didn’t have my insurance history. The guy told me to ask my italian insurance company to release an insurance history showing the last 5 years. So I did it and I sent them the documentation.
It’s very strange that after all that time and resources spent to get the insurance history, translate it in english and send it to GEICO as requested, all this working has given NO RESULT.
Is this the GEICO way to “scam” people with low prices on Internet and then doubling prices because of something?
You know, there is always some reason for increasing the premium magically.

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Insure Wise March 6, 2013 at 1:02 pm

If you are insuring a student the good student discount is awesome motivates them to get better grades lowers insurance win win situation.
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Tony Martin April 5, 2013 at 11:03 pm

Great points you’ve informed for consideration!! I’ll definitely try follow these points to lower down pricey home and auto insurance policy. Thanks a lot for convincing me through effective ways.
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Donatus April 13, 2013 at 6:34 am

Purchasing all your Policy from one Insurance policy is one good way to saving money. As a driver if you have a good driving record you will as well get good discount and save money.
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donatus April 18, 2013 at 5:08 pm

You have an amazing list of ways to say on home and auto insurance. i love the idea of insuring multiple autos with one provider.
Thanks for sharing.
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Greg April 22, 2013 at 6:06 pm

One of the easiest and fastest ways to reduce your insurance expense is to bundle your policy. I have never figure out why there are many people which have a car policy, a home policy, and other policies with different companies..? Then wonder why their insurance is so high?
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annie3dwards April 24, 2013 at 12:18 am

Good tips to know about on “How to Save Big Bucks on Your Home and Auto Insurance”. Really informative and useful to me.

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Johnson April 27, 2013 at 11:42 am

One good tips i always consider purchasing all your insurance from one provider and not moving from one insurance company to another as this will cost more money, but with one company you can save alot.

Thanks for sharing
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Johnson May 5, 2013 at 4:02 am

When purchasing an Auto insurance, it is also important that you go for a company that has built good reputation. Discounts are really appealing. Thorough evaluation and Choosing a good insurance provider could also help you save money.
Johnson recently posted..Crucial Details About Car InsuranceMy Profile

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IGA Insurance May 6, 2013 at 10:54 am

Great tips! I agree with above comments that bundling your insurance can save you quite a bit. Providers will reward you with savings when you carry multiple policies with them.
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Geary Heath May 13, 2013 at 10:01 pm

Auto insurance and discounts play an important part in the decision of a car buyer for it is where we get an assurance that we invested our money to the right product. Insurance means more than the car itself.
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Richard Thompson May 14, 2013 at 1:03 pm

Great tips! I think the biggest thing you can do to lower your rates is just asking. If you ask about/for discounts, you’re bound to get some. You’re most likely qualified for some sort of discount you don’t know about! Thanks for sharing.
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retirement housing fresno May 26, 2013 at 7:02 am

Nice posting. These tips are really tremendous to sale our home. I think it would be effective for all.Thank you for sharing with us. keep it up.

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lee May 27, 2013 at 1:00 pm

I have been doing quite a bit of reading about car insurance since i left a comment a while ago. I managed to save 100s just by hunting around and tweaking my search options it really did surprise me. So thanks lee
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Romero June 3, 2013 at 6:06 pm

Airbags and an alarm system are definitely good ways to increase discounts. Most of the insurers are getting heavy to give discounts on electric cars too. This is a great way to show environmental responsibility both by the insurers – encouraging it – and car owners.
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Solomon July 5, 2013 at 4:22 am

Hello !
These points are awesome to know man. Well, I really didn’t know about all these discounts. Actually I am maintaining a good GPA so I should take the advantage of it.
Thanks for the help.
Cheers

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IGA Insurance July 8, 2013 at 4:59 pm

Shopping around is definitely the best way to get a good price on insurance. Make sure you include smaller local agents as you price. Frequently these agencies can provide better, more tailored insurance for a lower price. They know your neighborhood and what you do and do not need for your area.

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Insurance Quotes FL July 16, 2013 at 5:05 pm

Really helpful post on finiding ways to save on insurance for home and auto. It makes a difference to gather quotes and ask questions, many of them, to ensure that you are aware of what each providor and plan actually covers/offers.

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how to file for bankruptcy July 19, 2013 at 12:48 am

Dear CHRIS,
I liked what you said about Give a licensed agent a call and ask whether you are eligible for savings opportunities.
Continue this kind of articles because they are very good and useful, congratulations.
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Auto Insurance Omaha July 30, 2013 at 2:14 pm

The information provided in the article was accurate and on point, all you have to do is take action with the info and you will definitely see a positive outcome. Thank you for the post. Awesome job.
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Police Car Cameras August 3, 2013 at 4:09 am

The tips you gave can be often neglect by a normal driver without knowing that it can save a lot of the insurance cost. I admit, I’m one of those drivers. Thanks for opening my eyes to these saving tips. It can really help us a lot and even change our lives.

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American Empire August 5, 2013 at 3:43 pm

Very good tips on saving on insurance. It seems like they keep going up and up. But bundling is a great idea. I also agree with the other comments in that price should not be your primary consideration when selecting an insurance company. Inexpensive insurance is great until you need it, then your inexpensive insurance may prove to be valueless. And when it comes to homeowners insurance, don’t forget to consider your garage and garage door. The more you can prove that your property is safe, the better rates you should get.
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Levon August 17, 2013 at 2:29 am

bundling definitely is a good idea to find the right company is a problem got a be careful you go away because a lot of people try to screw you over the duo seems sweet and beginning and then change is something totally different.

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Donald Quixote from Prodigy Insurance September 3, 2013 at 2:36 pm

Very good advice on how to save money, which is something that we’d all like to do. Insurance can be somewhat of a headache these days.
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jack rose September 10, 2013 at 3:00 pm

Great article you made here on saving money on auto and home insurance, but can you really get a discount for being a non-smoker or having a smoke alarm?
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Richard Thompson from Insurance Palm Desert October 9, 2013 at 1:51 pm

I think one of the biggest mistakes people make when shopping for insurance is that they don’t shop around or simply ask what deals and discounts are available. You point out a lot of the easiest ways to save money on your premiums, and a lot of them are probably things most people already qualify for. Insurance companies will give you the discounts and deals if you are aware of them and ask for them, so do your research and save more money!

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Opu December 10, 2013 at 12:11 am

That’s great, that’s really great article about home and auto insurance. Actually home and auto both are very much vital insurance policy for us and we all home and auto insurance owner really want to get discounts on them. I hope your article and there provided information will be handy for us to get discounts. Thanks 🙂
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Chimezirim Odimba December 18, 2013 at 4:50 pm

Great time-tested tips. May I add that you can also save yourself a lot on auto insurance by taking steps that help you reduce your mileage: Carpooling, walking to nearby distances (also helps you stay healthy) and using the mass transit whenever it makes sense. Also make sure you pay by EFT instead of going the old-school way of mailing your checks and you will position yourself for every cheaper rates.
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Brent Coleman March 12, 2014 at 3:08 pm

These are great discounts and features for auto insurance. Bundling multiple policies with an insurance agency will save you a lot.

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Rick Hollman March 19, 2014 at 5:18 pm

Great points of saving on insurance. The home and auto insurance discount is such good deal and can give you the biggest discount. Thanks for sharing.

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Ron Wilson March 26, 2014 at 1:16 pm

Those are some really excellent tips Chris. I’m sure if people knew about even some of these, they would end up saving a decent amount on their home and auto insurance!
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Maximillian Heth July 19, 2014 at 4:14 pm

This article definitely makes for a handy checklist to go through as you start shopping for insurance — I wish I would’ve known about being able to qualify for the safety features; it would’ve saved me a bundle on my current plan.

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shafique April 17, 2015 at 7:52 am

A very informative post on how to save money on insurance.
we spend too much on insurance healthcare, car insurance etc
we can either combine all or get insured from same insurer.

Thanks for sharing

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Atinder May 12, 2015 at 2:11 am

Hey Chris,

Thanks for this post explaining deep pints about saving money dollars on Insurance of our Vehicle or Home. All these Discount getting options are necessary for us to follow, because we all want to save as much bucks as we can. So, thanks a lot again. Cheers.

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Richard Thompson May 27, 2015 at 4:28 pm

There are a lot of discounts here that I didn’t even realize existed!!! Like for home discounts, the very fact that you don’t smoke can qualify you for a discount? Even with car discounts, if your car is safe, it could mean discounts just because it has airbags or special safety features. Thanks for the article!

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