Ask an Agent : Lower Your Premium

Ask an Agent : Lower Your Premium

Hanlon & Associates is on a mission to answer YOUR questions about insurance coverage. This week, we have been asked by a client:

How Can I Lower My Premium?

Join Tucker and Callie as they walk you through the answer regarding your insurance policy in the video below. If you have a question you’d like answered on Ask An Agent, contact us at 218-491-7855 or email info@hanlonandassociates.com.

Video Transcript
Callie: Hey guys, this s Callie, personal lines specialist here at Hanlon & Associates. We are talking today about different discounts you can get on your homeowners and auto policy to hopefully lower your premiums. Our question today is: what are some of the bigger discounts or ways to lower your premiums?
Tucker: Great question. Some of the easy things that we see for discounts are on homeowners insurance. If there are updates to the mechanical systems – the plumbing, the heating, the electrical, the roofing, things like that. Those are all great things to let your insurance agent know. And those can have a profound effect on lowering your insurance rates. Basically the biggest discount that we see out there is actually your insurance score – or credit score. That’s basically a combination of how many claims you turn in and also your credit score. My best advice for folks looking to reduce their rates is to increase your credit score. There are many different ways to do that, I won’t get into it in this video, but that’s probably the best way to lower your rates.
Callie: So if you have any questions or would like us a further explanation on how to lower your premiums, feel free to give us a call here at Hanlon and Associates, otherwise leave us a message on our Facebook page.

Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services.

This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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