Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Much like the price of groceries and gasoline, insurance premiums are increasing. If you haven’t had a claim, you may wonder why your policy’s cost has gone up. Insurance premiums closely relate to costs of labor, building materials, and medical care.
When prices for these items go up, it costs more to fix injuries, replace your home, car, and belongings after a claim. Another cause of rising costs may be the number of claims on your policy. When you have an increased number of losses, insurers may need to adjust premiums to account for the increased risk. While you can't control material and medical costs, you can potentially lower insurance expenses by following some of these tips.
Prices and coverage vary from company to company, so consider your options. An independent agent works with many insurance companies. They can assist you in finding the best insurance options for your specific needs. Read more: How an independent agent stands out.
Deductibles are what you pay before your insurance policy kicks in when you have a claim. One tactic to lower your insurance cost is to choose a higher deductible. If you choose a higher deductible, be sure you have enough money set aside to pay the higher cost if you have a claim.
Most carriers offer discounts for placing all your insurance with them. This can be more cost effective than having your home and auto insurance written through separate carriers. It can also be helpful to have one agent handling all your policies to make sure there are no gaps in your coverages.
Installing a security system, backup generator, or water shut-off device can reduce the risk of damage. Additionally, being prepared with these measures may qualify you for a credit.
Some insurers will offer driver discounts. Does your child earn good grades? Has your child gone to school without their vehicle? Check with your agent to see if there are credits available for these items. Cincinnati policyholders can earn an auto discount by participating in RideWellSM, our vehicle telematics program.
Things can change each year, like buying a new car or finishing your basement. Don't forget to tell your insurance company about these changes. Reviewing your insurance policies yearly ensures they're current and identifies any possible discounts or extra payments.
Overall, the biggest recommendation is communication with your agent. When your insurance agent has the most up-to-date information, that enables them to recommend the best coverage for your needs and apply any discounts you qualify for.
This loss control information is advisory only. The author assumes no responsibility for management or control of loss control activities. Not all exposures are identified in this article. Contact your local, independent insurance agent for coverage advice and policy service.
