Inflation is at a 40-year high, the national average price of a gallon of gas is $5 and rising, and there is sticker shock during every visit to the grocery store. Consumers are starting to make sacrifices and looking for ways to lower their monthly spend. Here are some tips to consider when evaluating how to lower your insurance costs – without sacrificing coverage.

The most common way to save is to bundle your home and auto insurance together. Placing both your policies with the same carrier is an easy way to earn a discount.

Explore going paperless. It is not only good for the environment, but it could be good for your wallet.

If you haven’t shopped your insurance in a while, now might be a good time to compare rates. RogersGray is a great place to start your comparisons because we shop your policy among multiple different carriers to find you the best rate.

If you have the ability, paying your auto insurance premium for the year in full can earn you a discount. If you are not able to swing a full year’s payment at once, often signing up for electronic auto payments is an easy and convenient way to save.

Increasing your deductibles are a matter of personal preference. Typically, the higher a deductible you choose, the less your policy premium will be. Just make sure that you have the necessary funds available in the event of a claim.

There are also places to avoid cutting back. Do not lower liability limits to save a few dollars. An accident could prove to be much more expensive if you have bare bones liability limits and are on the hook for damages that exceed those limits. Don’t skip flood, umbrella, and other add-ons that you may need just to lower your policy.

The insurance professionals at RogersGray are happy to discuss your insurance needs and ways to save!