How to Get More Value from Your Insurance

Most people see insurance as just another expense. But the right policy can do more than protect you—it can save money, cover unexpected costs, and even offer extra perks.

Whether you're looking for home, auto, or business insurance, knowing how to make your policy work for you can help you get the most out of your coverage.

Here’s how to stretch your insurance dollars while making sure you have the protection you need.

1. Bundle Your Policies to Save More

Insurance companies often give discounts if you bundle multiple policies under one provider. This means if you have home and auto insurance with the same company, you could lower your monthly premium.

How to Get the Best Deal

• Compare home-auto insurance bundles from different companies.
• Ask your insurance agent about additional discounts for bundling.
• Check if bundling includes perks like roadside assistance or home security benefits.

Can you switch to another auto insurance company after a claim? Yes, but your claims history may affect your new policy rates.

2. Raise Your Deductible for Lower Premiums

A deductible is the amount you pay before insurance kicks in. Choosing a higher deductible usually means a lower monthly payment. But this strategy only works if you have enough savings to cover the out-of-pocket costs in case of an accident or claim.

When to Consider Raising Your Deductible

• You don’t file claims often.
• You have an emergency fund to cover unexpected costs.
• You want to reduce your monthly premium.

How long can an auto insurance claim take? Most claims are processed within 30 days, but it depends on the insurer.

3. Take Advantage of Discounts

Many insurance companies offer savings, but most people don’t know they qualify.

Common Discounts You Should Ask For

• Safe driver discounts for maintaining a clean driving record.
• Lower rates if you drive less than the average mileage.
• Discounts for home security systems or fire alarms.
• Savings for being a long-term customer.

Does getting insurance quotes affect credit? No, most insurers perform soft credit checks that do not impact your score.

4. Review Your Coverage Every Year

Your insurance needs change over time. Reviewing your policy once a year can help you avoid overpaying and ensure you’re still getting the best coverage.

Why You Should Check Your Policy

• You may be paying for coverage you no longer need.
• Life changes, like home renovations, might require additional protection.
• New discounts or lower rates may be available.

What information is needed for a home insurance quote? Insurers typically ask for property details, security features, and past claims history.

5. Shop Around for Better Rates

Loyalty doesn’t always pay off in the insurance world. Companies often raise rates over time, assuming customers won’t look elsewhere.

How to Find a Better Deal

• Get multiple quotes from different insurance agencies.
• Ask about new customer discounts before renewing your policy.
• Work with an insurance broker to compare options.

Why does my car insurance quote keep changing? Rates fluctuate due to location, driving history, and insurer pricing models.

6. Use Telematics to Lower Auto Insurance Costs

Some auto insurance companies use tracking devices or apps to monitor driving habits. If you drive safely, you could qualify for lower rates.

Factors That Can Lower Your Premium

• Safe braking and acceleration.
• Low annual mileage.
• Avoiding driving late at night.

Does auto liability insurance have a deductible? No, liability insurance covers damages you cause but does not have a deductible.

7. Look for Additional Policy Perks

Many insurance policies come with benefits beyond standard coverage. These extras can save you money in unexpected ways.

Common Perks That Come with Insurance Policies

• Rental car coverage if your vehicle is in the shop.
• Identity theft protection for home insurance policyholders.
• Roadside assistance for auto insurance policies.

Does my auto insurance cover rental cars? It depends on your policy, but many include rental car reimbursement.

8. Improve Home and Car Security for Lower Rates

Insurance companies prefer lower-risk customers. Adding safety features to your home and car can qualify you for discounts.

How to Qualify for Lower Rates

• Install a home security system to reduce home insurance costs.
• Add anti-theft devices to your car for auto insurance discounts.
• Upgrade your home with smoke detectors and water leak sensors.

How to make a successful water leak insurance claim? Act fast, document the damage, and file the claim as soon as possible.

9. Consider a Health Savings Account (HSA)

If you have a high-deductible health plan, an HSA lets you set aside tax-free money for medical expenses.

Benefits of an HSA

• Lower taxable income.
• Funds roll over year after year.
• Can be used for doctor visits, prescriptions, and even vision care.

Should I file a home insurance claim for water damage? If the cost of repairs is higher than your deductible, it may be worth filing a claim.

10. Keep Your Credit Score High

Many insurance companies use credit scores to determine rates. A higher credit score often means lower insurance costs.

Ways to Improve Your Score

• Pay bills on time.
• Keep credit card balances low.
• Check your credit report regularly for errors.

How long does an insurance claim take to appear? Most claims show up within 30 days, depending on the insurer.

Make Insurance Work for You

Insurance is more than just a monthly bill—it’s a tool that protects you financially. By bundling policies, shopping for discounts, and reviewing coverage regularly, you can make sure you're getting the best deal.

If you’re unsure whether your current policy is working for you, now is the time to review your options.

Savvital’s Virtual Professionals can help you:

• Compare insurance quotes online.
• Find the best insurance companies for your needs.
• Understand how to lower premiums and maximize coverage.

Contact Savvital today to see how we can help you save.

Frequently Asked Questions

How does bundling home and auto insurance save money?

Bundling reduces your overall premium and often includes additional perks like roadside assistance or identity theft protection.

Should I get higher auto liability or umbrella insurance?

If you have significant assets, an umbrella policy provides extra coverage beyond standard auto and home insurance.

How do security features impact my insurance costs?

Installing security systems, smart locks, and smoke detectors can qualify you for lower insurance premiums.

Can I cancel an insurance policy and get a refund?

Yes, but refunds depend on your insurer’s cancellation policy and how much time is left on your policy.