Insurance Costs

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M January is a good time to examine annual and semi-annual budget items that we often ignore, like insurance costs. Typically, car, home, and health premiums go up and we just accept it, ignore it, and pay.

V Take time to compare policies.  If your current agent will not do that, most agents will, hoping to gain a new client.   There are also brokers that will shop insurance packages and companies, but don’t just go by price.  Make sure that an insurance company will actually pay out when you need it. 

M Lowering that monthly premium may mean increasing your deductible.  However, that may be a savings.