Although Alabamans have historically fought for equal rights, insurance is a subject where sameness can be undesirable. After all, if you have a clean driving record would it be fair to pay the same amount for car insurance as an accident-prone individual? Of course there are other factors that affect auto insurance premiums (i.e. age, the type of car you drive, credit score, etc.), but it seems unreasonable to think those who've established an exceptional personal record should be given the same rate as those who have not. No matter your life history, the best way to save money on insurance is to comparison shop. Get to know a little more about some important coverages and begin your search for savings today.
Sweeten your Home Insurance Rate
Alabamans paid an average of $905 for homeowners insurance in 2007, according to the Insurance Information Institute (I.I.I.). While this sounds like a high price to pay, your Birmingham, Alabama insurance provider takes a risk when insuring residents of The Magic City as tornadoes are common. Your homeowners insurance should cover your home's physical structure, liability to others, and your personal possessions. If you want to lower your Birmingham insurance quotes, opt for a higher deductible. Most insurance companies offer discounts to those who have a home security system or storm shutters installed in their homes. And your proximity to a fire station and/or a fire hydrant can reduce your Birmingham insurance quotes as well.
A Lesson on Life Insurance
Families made up 56 percent of the households in Birmingham city between 2006 and 2008, according to the U.S. Census Bureau. Parents do their best to ensure their families have all the necessities in life and then some. Your family relies on you physically, emotionally and, more than likely, monetarily. With that being said, would your family be able to resume the same lifestyle if you died? According to LIMRA's 2010 Life Insurance Ownership Study, only 44 percent of U.S. households have individual life insurance which is a 50-year low. But how much life insurance do you need? Almost immediately after your death your loved ones will need to produce the finances to pay for your funeral which can cost anywhere from $8,000 on up. But the I.I.I. recommends you plan for a minimum of $15,000 to pay for funeral costs, taxes and administrative costs associated with "winding up" an estate and passing property to heirs. Next, factor in your credit card debt, mortgage balance, childcare costs, and day-to-day living expenses. Experts recommend that the typical married couple have enough life insurance to replace income for seven to 10 years, according to LIMRA. Talk to a Birmingham insurance agent to discuss your life insurance options. You just might find this valuable insurance is more affordable than you thought.
Savings Made Simple
The topic of insurance is not one to be feared; it's created to protect you. And, believe it or not, you can save money on insurance if you simply shop around. When comparison shopping you'll find that you will produce lower Birmingham insurance quotes by combining all of your insurance policies with the same provider. Whether you're dealing with homeowners, life, auto, health or business insurance, most insurance companies offer numerous discounts. However, it can be a painstaking task to call individual insurance providers for quotes on your own. Instead, take advantage of NetQuote's free services. Fill out a simple form and you can have several Birmingham insurance quotes to compare today!