Five Ways To Save On Your Insurance

Bundling

Having all of your insurance policies with one company is more convenient and it usually saves you money. Most insurance companies offer discounts for having multiple policies.

At Allstate, if you have home and auto with us, we offer up to a 25% discount on your home and up to 10% off your auto.

We also offer a discount on your auto insurance if you have a life insurance policy with Allstate.

Lastly, if you have specialty products, such as motorcycles, boats, a personal umbrella, etc, you get a discount on the policy if you have auto or home insurance, and a bigger discount if you have auto and  home insurance.

Payment Options

There are some discounts available for certain payment options.

There is a discount available if you choose to pay your auto premium with automatic withdrawal. Allstate calls it the Easy Pay discount. Not only do you get the discount for this payment option, you also save an additional $2.50 every month because the monthly installment fee is $1.00 instead of $3.50.

Allstate also offers a discount if you pay your auto premium in full every six months. Not only does this give you the discount, it also saves you the $3.50 monthly installment charge. The option is available to pay in full with Easy Pay, and if you choose to go this route, you can take advantage of both payment discounts.

Also, Allstate gives a good payer discount to all of our customers when they start an auto policy. This discount is yours to lose. It will stay on your policy every renewal, as long as you make your payments on time. If, at any time, you get a double bill because you miss a payment, the discount falls off for at least a year. You can earn it back if you make all future payments on time. Electing to take advantage of Easy Pay or Full Pay also helps you make sure you keep this discount.

Adjust Deductibles

When it comes to deductibles, the higher your deductible is, the less you pay for the coverage. This is true on any policy. If you can afford it, sometimes a higher deductible is just what you need to bring your policy premium down. This is especially true on property policies such as homeowners or landlords.

Allstate has a deductible rewards program on the Gold and Platinum plans on the auto policy to reward safe drivers and to help you take advantage of this. You get $100 off of your collision deductible as soon as you sign up for the policy, and then you get $100 off every year that you drive without any incidents. This program will take up to $500 off of your collision deductible, which means that after having this policy for four years of safe driving, you have a $0 deductible, but you are getting the premium credit for having a $500 deductible. Once your deductible hits $0, if you want to lower your premium even more, it is a good time to switch to a $750 or $1000 deductible, since you are getting the $500 in rewards. We are always available to go over your coverages and deductibles to make sure that your policy appropriately fits your needs.

Take Advantage of Discounts

Not only are there optional payment discounts, Allstate occasionally comes out with new or revised discounts. It is a good idea to check in and make sure that you are getting all of the discounts that you are eligible for. An annual policy review is a good way to go over the discounts that you have, and what is still available for you.

For instance, Allstate recently came out with a discount called Drivewise. This discount is meant to reward good drivers above and beyond the good driver discount that is already offered to drivers without claims. Drivewise is a performance discount that can give you up to 30% off of your premium if you drive safely.

Do Policy Reviews

We recommend that our customers do an annual policy review. This is just to make sure that your information and coverages are accurate and adequate. It is also a good way to determine if you are taking advantage of all the discounts that you are eligible for, and that you have the best payment options for you.

If you would like to take advantage of any of these savings ideas or schedule a policy review, please reply to this email or give us a call at 360-452-9200. 

 Five Ways To Save On Insurance In Port Angeles

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Matt Elwood

Matt Elwood grew up in Port Angeles, graduating from the high school before moving south to attend Pepperdine University in Malibu, CA. While earning his B.S.in Business Administration he secured an internship at Northwestern Mutual and started his financial career. After graduating from Pepperdine, Matt built a successful Insurance practice in Los Angeles while earning his investment licenses. After a decade of being away from family, Matt decided to move back to Port Angeles and purchase his mother’s Agency. The Helen Elwood Insurance Agency has been an established Allstate agency in Port Angeles for many years. Matt purchased the business in January 2011 and renamed it Elwood Benefits. Matt is focused on growing the business which leaves him little time for anything else. When he does take a break you’ll find him enjoying his family or out on the golf course.

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