Quote:
Originally Posted by Tvflguy
So, from many respondents here, the reality seems to be that there is little - if anything- that we consumers can do to lower our costs. Seems to be a runaway train that is unstoppable. I truly do not know how some homeowners and car owners will manage there costs and budget.,, Sad.
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People have multiple avenues for keeping somewhat of a lid on their insurance costs.
First, consider the price of the car or home. You'll pay plenty more in insurance for a larger, fancier, more costly auto or home. If that's want you want - great. But, expect to pay the commensurate costs.
Second, people should have a detailed discussion with their insurance agent about the line-by-line items on the bill or quote. Once they really understand them, they may be inclined to make some adjustments that will save them money. (I keep my policies shaved down to only what I think makes sense for my circumstances and risk tolerance.)
The deductible: I haven't polled friends in a while to ask what level of deductibles they have but, was very surprised, years ago, to realize how low so many had them. Like $250 on a car and $500 on a home. Well, yeah, you'll pay higher rates that way.
Lastly, yes, it's worth the time to shop around every few years to see if better opportunities are available. They probably are.