OIP News - Recession Blues?

Simple steps to help reduce your insurance premiums!

With today’s economy, we’re all looking for practical ways to reduce costs and save money. Here are some easy, pain-free tips for helping control your home and auto insurance premiums:

1. Combine policies – many insurers offer a multi-line discount, which can create savings. Combining your auto insurance with your home/condo policy can save you up to 10% in premium!

2. Keep your insurance provider informed – as your circumstances change, you may be eligible for additional discounts.

Parking a seasonal vehicle can offset some of your costs
A son or daughter off to school may qualify you for a discount
A change in use of your vehicle, or distance driven annually may reduce your premiums

3. Review your deductibles – Increasing your home and auto deductibles translates into savings on your premium.

4. Improve home security – smoke detectors and dead bolt locks help reduce risk. Also, insurers often offer discounts for monitored alarm systems.

5. Practice safe driving – paying attention on the road (such as not talking on cell phone) and obeying traffic rules will help keep your driving record clean. Most insurers offer preferred driving discounts for claims free drivers and further discounts for conviction free!

Little changes can add up to savings in your home and auto insurance premiums. For more information on how the above steps can work for you, contact the OVMA Insurance Program administrator, who would be happy to provide more information.

For more information on this and other aspects of the OVMA Insurance Program, contact Pottruff & Smith Insurance Brokers Inc., program administrator, at 1.888.681.2862.