15 Minutes Really Could Save You Hundreds on Insurance
If you are not checking in on your rates once a year, according to this report, you could be overpaying.
The Consumer Federation of America an advocacy group says though customers get 10 percent discounts for being loyal over time their premium has gone up maybe 25% to 30% because they don’t’ shop. In industry terms it’s called price optimization and it’s illegal in some states. To avoid it experts suggest to shop once a year. And bundling your insurance can save you up to 35%, or on average $750 a year. And if you have a teen driver, and they make good grades, submitting a report card also gets you a small discount.