• Ask us to check several companies’ rates. This is the single most important thing you can do to get the best possible rate—and we can do it for you quickly and easily. The difference between the highest and lowest rate available to you from different companies could vary by hundreds of dollars.

• Reduce or drop physical damage coverage on an older car. Depending on your car’s age and where you live, comprehensive and collision coverage may not be worth keeping. We can give you advice on whether it makes sense to reduce or drop this coverage altogether.

• Raise your deductible. According to the Insurance Information Institute, raising your deductible from $200 to $500 could reduce your collision and comprehensive cost by 15 to 30 percent. In addition, because the average driver files a collision claim only once every ten years, odds are that over the lifetime of your car, a higher deductible will save you money. We can show you how raising your deductible will lower your premium.

• Look for discounts. Many insurance companies reduce premiums for certain driver traits or car features. For example: being a homeowner for more than three years, nonsmoker, nondrinker, students with good grades, senior citizens who have taken an approved defensive driving course, people who only drive for pleasure, cars kept in garages, antilock brakes, antitheft devices, air bags, etc. Ask us to check.

• Don’t assume having your car and home insured by the same company is the best option. Because auto insurance rates vary so much from company to company, it may make sense for you to have your car and home insured by separate companies. Let’s talk about it.

To learn more about all we can offer, call us at 516-484-5200.

The post Shedding Light On Car Insurance Savings appeared first on Curran Cooney Penny Agency.

The Eastern seaboard has seen some dramatic weather in the past few weeks, which makes knowing your homeowner’s insurance policy coverage all the more important. There’s nothing worse than enduring a rare weather event or natural disaster only to find that your policy requires you to pay a large deductible before your coverage kicks in, or that you don’t even have coverage in the first place.

My wife Patti has previously written about the importance of knowing what your homeowner’s policy hurricane and windstorm deductible is. New York’s recent experiences with both a major tropical storm and earthquake aftershock is a reminder that such events, while rare, can and do happen, so it is important to be covered before you experience a loss.

Find the right balance between coverage and premium

Are you looking for maximum premium savings, or the most comprehensive, generous coverage? Your requirements determine what kind of policy you should have for your home, and we can help you find the perfect balance. Call us today at (516) 484-5200 or send us an email at info@ccpinsurance.com for a free review of your current policy.

The post Get to know your Hurricane & Earthquake deductibles appeared first on Curran Cooney Penny Agency.