As we head into 2023, many will resolve to cut costs in the year ahead. With the cost of living rising, many are welcoming savings in their monthly budget. If it’s been a while since you have reached out to an insurance agency in Charleston, SC for an insurance audit, it might be your ticket to some real savings. You might be spending way more than you need to on one or more of your insurance policies, but you won’t know until you investigate!

Places You Might Be Overspending on Insurance

Homeowner’s Insurance

When was the last time you had your homeowner’s insurance audited? If you are only going by the amount that it would cost to rebuild, then you might be overpaying. Also, there might be areas where you want to raise your deductible or savings programs that you qualify for. Many people set and forget their homeowners and don’t update it when they should. Let 2023 be the year you check to see how much your homeowner’s insurance is costing you!

Life Insurance Policies

Most of us just put life insurance on auto renewal without thinking about the factors that led us to get life insurance to begin with, or how life circumstances might change who and what you need to support. If it has been a while since you looked through coverage and types of life insurance coverage, now is a great time to plan – not just for life, but also for retirement.

Automobile Policies

Many of us get so caught up in the day-to-day that we just pay our bills when they come due. Your car is aging, though. There are all sorts of discounts that you might be eligible for, but unfortunately, your insurance company isn’t going to call you and tell you how they can find ways for you to pay them less. There are all sorts of things to consider from deductibles to towing coverage. Make sure that your policies change with your needs over the years.

Change in Your Life Situation

As kids go off to college and life circumstances change, we rarely think about whether we have updated our automobile or other coverage. Talking with an insurance agency in Charleston, SC is the key to providing the information you need to see where you are paying too much or perhaps are over-insured for your life circumstances.

Consolidating Insurers

Many insurance companies will give you discounts if you consolidate your insurance. It is ideal to have as few insurers as possible so that you need to talk to only one insurance company that covers all of your policies. Think about which company you want as your primary and see what types of discounts they will give to you for making them your only insurer.

As we head into 2023, many will resolve to cut costs in the New Year ahead. An insurance audit might be your ticket to cutting monthly costs. In any event, it is always a good idea to check in with your insurance agency in Charleston, SC periodically to see if you are fully covered and paying what you should. At Abri, we continually strive to offer our clients the most cost-conscious insurance policies with the best coverage. Contact our office today and let’s discuss how we can lower your insurance costs without sacrificing your coverage.