Regardless of the type of insurance you are looking for, be it auto insurance for your car, home insurance for your residence or life insurance; you can save money on your insurance premiums if you do some research and know the necessary rules and regulations.
Insurance brokers know these rules but some of them perhaps try and steer clients towards policies that will make them the most commission
When I moved from Toronto to Vancouver and tried to get insurance for my car I was told I could only buy auto insurance through the BC government plan as this is mandatory. In Toronto I was paying less than $900 for my car insurance, imagine my surprise when my car insurance, quote for similar coverage in Vancouver came to a whopping $2100!
The agency where I bought my car insurance decided not to tell me that I could split my coverage and get the mandatory regular insurance through the government plan and get my optional coverage's from other private insurance companies. This would have saved me more than $500.
So doing a bit of research does save you money.
Independent Insurance Brokers! Can also save you money.
Buying insurance from a independent insurance broker will also save you money as independent brokers with with many companies and can select a company that will save you the most. Insurance requirements are different from one state to the other. Insurance requirements in the state of Washington are probably not the same as what is mandatory in the state of Florida.
A broker can guide you as what coverage is required by law and what is optional for you to buy if you decide to do so. The chances are you can save more by going to a insurance broker rather than buying directly from an insurance company.
Read more: http://www.insurancetipstoday.com/