Understanding Renter's Insurance Plans Understanding Renter's Insurance Plans


About Me

Understanding Renter's Insurance Plans

Hi everyone, my name is James Lewis. Welcome to my website about renter’s insurance plans. When I was renting an apartment years ago, I came home to find the place absolutely soaked with water. Turns out, the neighbor upstairs had an incident with the water heater that was not discovered for hours. Unfortunately, at that time, I did not think to acquire renter’s insurance to cover the damage. Since then, I have explored renter’s insurance options in great detail. I want to share that information on this site to help others understand the important of this type of insurance coverage. Thanks for visiting my site.

Categories

Latest Posts

Mistakes You Will Want To Avoid With Your Homeowner's Insurance
15 September 2022

The insurance policy that you keep active for your

What You Need To Know About Auto-Insurance Deductibles
10 August 2022

One of the terms that confuse many insured parties

Everything You Need To Know About Medical Malpractice Insurance
28 June 2022

If you are a healthcare professional, it is import

3 Reasons You Should Get Your Next Quote From An Auto Insurance Agency
12 May 2022

When shopping for car insurance, you can choose to

What's The Difference Between Bobtail Insurance And Non-Trucking Liability Insurance?
1 April 2022

While most truck insurance policies provide genera

Tips To Save Money On Car Insurance After An Accident

Unless your insurance company offers accident forgiveness insurance, you can expect your premiums to increase after you experience an accident that you caused and filed a claim on. Most insurance companies will raise premiums after accidents, simply because a driver's risk increases after filing a claim, but there are some ways you could save money on your policy after this happens, and here are some options you have.

Increase your deductible

One of the easiest ways to reduce the premiums you pay for car insurance is by increasing the deductible on your policy. The deductible is the set amount you would have to pay if you filed a claim on your policy. By increasing this amount, you will naturally decrease the cost for the policy, as higher deductibles are more beneficial for insurance companies. With a higher deductible, the insurance company pays less when the person files a claim on the policy, while the person filing the claim pays a little more for the work needed.

Lower your insurance coverage

The second thing you can do is lower or eliminate some of the insurance coverage you have. For example, if you currently have comprehensive coverage on your policy, you could remove this coverage. The result would be less coverage and lower rates. Additionally, you could eliminate or lower other types of coverage you have on your policy. Whenever you lower the coverage, the rates you pay should decrease.

Take a driver's education course

Some companies will offer discounts on policies for drivers who complete a driver's education course. This is because drivers who complete these programs often become safer, more defensive drivers. A safer driver has a lower risk of causing an accident and filing a claim. You can also ask your agent if there are any other programs you could complete for savings on your policy.

Drive safer

The other thing you should realize is that an accident claim you filed will eventually fall off your driving record. If you focus on driving more safely, abiding by speed limits, and working on keeping your record clean for the next few years, your accident claim will eventually fall off your record, which means your premiums will eventually decrease.

If you are overpaying for your car insurance, you could always shop around for quotes from other companies. To do this, contact an auto insurance company of your choice today to ask for a free quote.