Reducing Your Auto Insurance Rates

Jan 13

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As a rule of thumb, you should estimate that you can reduce your auto insurance by 10-15% by combining your automobile insurance with the same carrier as your homeowners or renters insurance.  This discount could be applied to your auto insurance or you homeowners insurance.  For example, I received a 10% discount on my homeowners insurance because I had my auto insurance with the same insurance provider.

It’s important to note that despite this discount, you should still shop around to get homeowners and auto insurance quotes from separate providers.  I did this and was able to save over $500 per year even after having my homeowners increase because I was no longer getting the discount.

Savings

Nov 04

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A rule of thumb for how much you should save is about 10% of your take-home pay…if you start early enough. If you are over 40 and haven’t accumulated a sizeable nest egg, you should try and increase this amount to 30%. This rule of thumb should help you build an emergency fund, save for a house, etc.