I am on a fixed income; my husband is deceased. How can I reduce my insurance costs?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
This might be a good time to sit down with your agent and review the homeowners policy to see if there are any credits that you are eligible for, but currently are not being included. Since your husband’s death there may be some changes that need to be addressed. If you have an alarm system you can save from 5% to 15%.
Many companies give some great discounts if they write both your home and auto insurance. If you have your insurance split up you should get a quote from each company to see who offers the best discounts for having both with one company. You might also ask friends about their insurance companies.
Another way to reduce your costs is to increase your deductible. Insurance is intended to protect you from a large financial loss, not a small nuisance or maintenance type claim. Higher deductibles can offer some great credits on the premium. Also, by having a higher deductible you are not as exposed to having multiple losses, which could increase your premiums or cause you to lose your insurance entirely.