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Insurance Carrier Increase Your Rates? Here’s What You Can Do

Has your Maryland home and auto insurance rates increased over last year’s rates? Many residents may feel the sting of their insurance carriers’ rates going up. The truth is carriers increasing their rates, may have very little with you. If they have had a particularly bad claims year due to weather-related events, they may choose to increase their rates to recoup their losses. So, what can you do to lessen the financial blow? Well, if you aren’t already with an independent agent like Woodhome Insurance , now may be the time to switch.

Multiple Carriers Means Multiple Options for Maryland Residents

When you choose to work with an independent insurance agent, they typically work with a variety of home and auto insurance carriers. This is a considerable advantage to you. When one carrier raises their rates, your agent can then shop your home and auto insurance policies.  

Aside from shopping your policies, another plus of working with an independent agent is the ability to bundle your home and auto coverage with one carrier. Insurance companies will often offer significant discounts to have all your insurance with them. Not a homeowner yet? Not to worry. You may qualify for discounts by bundling an auto policy and a renter’s policy together as well. In some situations, even a motorcycle and home policy will be eligible.  

Having all your insurance policies in one place means your agent can put together the perfect insurance program for your specific needs. An independent insurance agent that knows all of your “risks” (home, auto, business, etc.), can put together a custom-made protection program. This allows them to offer you the best coverage at the best possible pricing. Plus, agents love their customers. Knowing that you trust them with all your lines of business makes them feel warm and fuzzy. It also lets them do what they do best, protecting you from every possible angle.

Tips for Saving Money on Home and Auto Insurance

  • Bundle Home, Auto or even Motorcycle Insurance, carries typically give significant discounts for putting more than one policy with them.
  • Pay all your bills on time. Most Maryland residents aren’t aware that credit rating can affect your home and auto insurance premiums.
  • Go with an independent agent who can shop your coverage with multiple carriers.
  • Choose higher deductibles if possible. Selecting high deductibles may lower your monthly premiums.
  • Always ask if there are any other discounts you may be eligible for or that the carrier may offer.

The Bottom Line

Want to know how an independent agency like Woodhome Insurance can help you save money on your home and auto insurance? Contact the insurance experts at woodhomeinsurance.com at: (410) 580-2800. Our licensed professionals will be happy to answer any questions that you may have. Follow us on Facebook at: https://www.facebook.com/woodhomeinsurance/

Our insurance professionals will help you build a protection program that not only meets your individual needs but also budget friendly. At Woodhome Insurance, our top concern is protecting you and your family. We will do our best to alleviate any of your concerns and provide you with stellar customer service.

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