5 Tips for Getting the Best Insurance

Getting great insurance requires more than just spending 15 minutes on the phone or online searching for a policy. There are countless factors to consider when choosing the best company to go with. Everyone’s needs are different when it comes to what types of policies and how much coverage is required.

Here are the 5 best tips to follow when searching for a new policy.

1. Use a Broker

The first step to getting the best insurance is choosing whether to go with an insurance broker or agent. Both can help you get the insurance you need but they do so in different ways.

What’s the difference?

Insurance agents represent insurance companies first and have the insurance company’s best interest in mind. An insurance agent is a professional who sells an insurance company’s products to consumers for a commission. Agents can be incentivized to push certain company’s products that may not be best for your needs.

A broker is a professional who represents consumers in their search for the best insurance policy for their needs. Unlike Agents who represent one or more insurance companies, a broker’s primary duty is to the client. Their best interest is in serving you, the consumer, and helping you get exactly what coverage you need.

Choosing a broker over an agent will give you the best start for filling your insurance needs. With their “consumer first” approach, you can rest easy knowing they have your best interests as their top priority.

2. Get Multiple Quotes

Smart Consumers will always try to reduce insurance costs while keeping the same benefits.

To get better insurance premiums, consumers should always obtain and compare multiple quotes. Shopping around for insurance quotes not only leads to saving money, but it also allows you to choose the insurance company that most suits your needs. Not all policies are created equally, and many include things the average consumer wouldn’t consider essential.

Using a broker takes any guess work out of the equation by delivering you multiple quotes tailored exactly to your needs as a consumer.

3. The Advantage of Bundling

Bundling insurance is one of the smartest choices a consumer can make when looking for coverage.

What is bundling?

Simply put, bundling insurance means that you’re buying multiple types of insurance – such as your home, auto, RV, life insurance, boat, etc. – from one provider. This means you’ll get exclusive savings, convenience, and a streamlined insurance process. Should the unthinkable happen and damage more than one of your belongings, you won’t have to call multiple numbers to be taken care of.

When you bundle, our brokers get to know you and your insurance needs and can make the best recommendations, so you know you’ll be properly protected in the event of the unexpected.

4. Get the Right Amount of Coverage

Getting the right amount of coverage means more than just a dollar amount.

Finding exactly what you need can be a long process with many variables. Filling in the gaps is essential and requires a strong understanding of insurance policies.

Many people need insurance coverages like Homeowners, Motorcycle, RV, Boat and Watercraft, and more. But not all policies cover everything you would want them to. For instance, you may have items like electronics or a collector’s guitar that would be financially difficult to replace, even with the assistance of the average renters or homeowner’s policy. You may want to add additional coverage for items like these.

The “right” amount of coverage is uniquely based on your needs and a great broker will be able to help you understand what you need, and what you don’t.

5. Understand State Requirements

Insurance isn’t just a great thing to have – In some cases it’s required by law.

In the case of auto insurance, 49 out of 50 states require a minimum amount by law. It’s important to make sure you understand your state’s minimum requirements when looking for a policy.

A good broker will understand all state and local insurance requirements which helps to give you peace of mind knowing you are operating within the law and covered when you need it.

Choosing the right policy and coverage to suit your needs is hard. Even with the above tips, there are many other important factors to consider. Family Insurance has only the best brokers and they are ready to answer any questions you may still have. Click the button below to get in touch with one of our friendly brokers now and let us take the guess work out of insurance for you!