Smart Ways to Save Money on Auto and Home Insurance

When it comes to protecting your home and vehicle, insurance is a must—but that doesn’t mean you have to break the bank. With a few smart strategies, you can save hundreds (sometimes thousands) of dollars a year without sacrificing coverage. Here are some practical tips to help you save money on your auto and home insurance.

1. Bundle Your Policies

One of the easiest and most effective ways to save is by bundling your auto and home insurance with the same provider. Many insurers offer significant multi-policy discounts—sometimes up to 25%. Plus, having all your policies with one company simplifies billing and customer service.

2. Increase Your Deductibles

Choosing a higher deductible can lower your monthly premium. Just make sure you have enough in savings to cover that amount in case you need to file a claim. For example, increasing your home insurance deductible from $500 to $1,000 could reduce your annual premium by 10% or more.

3. Ask About Discounts

Most insurers offer a variety of discounts, but they’re not always advertised. Some common ones include:

• Safe driver discount

• Good student discount

• Claims-free history

• New roof or home renovations

• Security systems or smoke detectors

• Auto safety features like anti-lock brakes or airbags

Always ask your agent what discounts you might qualify for—you might be surprised.

4. Review and Compare Your Coverage Annually

Life changes—so should your insurance. Review your policies at least once a year to make sure they still match your needs. It’s also wise to shop around or get quotes from different insurers to ensure you’re still getting the best value. Loyalty doesn’t always pay in the insurance world.

5. Improve Your Credit Score

In many states, your credit score can impact your insurance premium. A higher credit score can mean lower rates. Paying bills on time, reducing debt, and regularly checking your credit report for errors can all help improve your score over time.

6. Avoid Small Claims

Filing small claims can drive up your premium, or even lead to non-renewal of your policy. If the cost of damage is close to your deductible, consider paying out of pocket. Maintaining a claims-free history can keep your rates lower in the long run.

7. Drive Less, Save More

Some insurers offer discounts for low-mileage drivers. If you work from home or have a short commute, ask about mileage-based insurance programs or usage-based tracking options (like telematics).

8. Work With a qualified insurance Agent

A Farmers insurance agent can shop multiple companies on your behalf to find the best coverage and rates. Farmers Insurance offers a broad range of options tailored to your specific needs.

Final Thoughts

Saving on auto and home insurance doesn’t mean cutting corners—it means being informed and proactive. By taking these simple steps, you can protect what matters most while keeping more money in your pocket.

Have questions or want a free policy review? Contact us today and let us help you find the right coverage at the right price.