Want to Save $100 (or more) on Your Auto Insurance??

At Brew City Insurance it is our mission to offer customers a truly exceptional insurance buying experience. We provide our customers with the knowledge to choose the best possible insurance products that fulfill their wants and needs. Our friendly, knowledgeable and professional staff will help inspire, problem-solve, and best of all EDUCATE our customers so they can choose the coverage that best fits at a reasonable price.

It’s simple ~ RAISE YOUR DEDUCTIBLE!!!

There is no doubt, the higher your deductible the lower your premiums.

To reduce the cost of insurance, you should shop around to see what each of the various companies have to offer. In your efforts to save on auto insurance, you may also want to adjust your deductible up and down until you reach a more affordable range. Your policy’s deductible is one of those things you can adjust, but it is one that has a rather sizable payback.

InsuranceQuotes.com recently conducted research on deductibles and how they impact the cost of an auto insurance policy. The results of the research indicate that on average (nationwide), if you raise your deductible from $250 to $500, you will save 7% on your premium costs. The more you raise your deductible, the more you’ll save, as raising a $500 deductible to $1,000 results in 12.5% savings, and if you raise your deductible from $500 to $2,000, your average savings could be 16% or more.

A phone call to your independent insurance agency can result in some relatively decent savings. Independent agencies, like ours, can shop you to several insurance companies to compare the savings available.

Weighing the pros and cons

So ~ Should you raise your deductible to save on your premium? Although you save money upfront, if something happens and you have to file a claim, you are going to have to pay more out-of-pocket.

So do you save now and potentially pay more later?

Here are a few tips to help you make the decision:

• Compare different scenarios and take advantage of other discounts. For some people, the savings end up being huge. For instance, a policy with a $1,000 premium could be reduced by as much as $120!! If increasing your deductible will cut the cost of your insurance, you can bank that money. In just over over 4 years you have pocketed the extra $500 deductible. If you need to use it to cover your increased deductible, then you have it, and if not, then you’ve placed yourself in a better financial situation.

• Beware of vanishing deductibles. Some companies offer these vanishing deductible programs, where your deductible decreases each year that you don’t have an accident. The problem is, you will pay higher premiums for this benefit.

Bottom Line ~

There will typically be a savings on your insurance bill if you raise your deductible. Unless you could never come up with $500 at a moments notice, raising your deductible just makes good sense. And remember ~ this also applies to your homeowner insurance as well!! The actual amount you save is mostly dependent on your insurance company. Maybe it’s time to shop around to find the best deal?

Want to know if how much you can save?

Brew City Insurance is a great place to start.

Come in to Brew City Insurance for a no-obligation insurance review.

We will make sure you and all your family are safe this holiday season.

Brew City Insurance Agency Inc. is located 2937 S Chicago Ave. in South Milwaukee between Pick N Save and Walgreens.

Stop in today and see what we can do for you! Or call 414-762-6600 and we can quote you right over the phone.

Visit our web page to find out more! http://www.brewcityinsurance.com