Insurance Institute of Michigan
November 19, 2018

Shop & Save Tips

There are ways you can control the cost of what you pay for auto and home insurance.  Here are some helpful hints:

Auto insurance tips
Homeowners insurance tips

Auto insurance tips

  • Drive carefully.
    Most traffic tickets and at-fault accidents will increase your rates.
  • Select your car with insurance in mind.
    Cost, repairability and performance characteristics are determining factors in the premium you pay.
  • Coordinate Personal Injury Protection (PIP) coverage.
    If you have other accident and health insurance that covers injuries sustained in an auto accident, consider coordinating your policies.
  • Choose higher deductibles on Collision and Comprehensive coverages.
    Consider a more economical type of Collision insurance, but make sure you understand when you are covered and when you are not.  If you have an older car, consider dropping both Collision and Comprehensive coverage.
  • Ask about special discounts.
    Many companies offer discounts to policyholders for such things as insuring two or more vehicles with the same company, low mileage, safety belt use, air bags and anti-theft devices.

Homeowners insurance tips

  • Take advantage of discounts offered by your insurance company.
    Discounts may be offered for installing smoke detectors and dead-bolt locks, insuring both your home and auto with the same company, maintaining good credit and living in a nonsmoking household.
  • Raise your deductible.
    Covering small losses could mean a substantial reduction in your homeowners insurance premium.  Higher deductibles could produce a savings of 15 to 25 percent.
  • Always shop for the best combination of coverage, price and service.

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