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How to Keep Your Insurance Costs Low When You Move

When you move to a new location, there are many things to consider, including how to keep your insurance costs low. Moving can be an expensive process, and insurance is one area where you may be able to save some money. By taking a few simple steps and being proactive, you can ensure that you are getting the best coverage at the most affordable price. In this article, we will explore five key strategies to help you keep your insurance costs low when you move.

1. Shop Around for Insurance Quotes

One of the most effective ways to keep your insurance costs low when you move is to shop around for quotes from different insurance providers. Insurance rates can vary significantly from one company to another, so it’s important to compare prices and coverage options before making a decision.

Start by researching insurance companies that operate in your new location. Look for reputable providers with good customer reviews and a strong financial standing. Once you have a list of potential insurers, request quotes for the coverage you need.

When comparing quotes, pay attention to the coverage limits, deductibles, and any additional benefits or discounts offered. Keep in mind that the cheapest option may not always be the best choice. Consider the overall value and reputation of the insurance company before making a decision.

2. Bundle Your Insurance Policies

Another effective strategy for keeping your insurance costs low when you move is to bundle your insurance policies. Many insurance companies offer discounts to customers who purchase multiple policies from them.

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For example, if you need both auto insurance and renters insurance, consider purchasing both policies from the same company. By bundling your policies, you can often save money on your premiums.

Additionally, bundling your insurance policies can make managing your coverage more convenient. Instead of dealing with multiple insurance companies, you can have all of your policies in one place, making it easier to keep track of your coverage and make any necessary changes.

3. Increase Your Deductibles

One way to lower your insurance premiums when you move is to increase your deductibles. A deductible is the amount of money you must pay out of pocket before your insurance coverage kicks in.

By choosing a higher deductible, you can reduce your monthly premiums. However, it’s important to consider your financial situation and ability to pay the deductible in the event of a claim. Make sure you have enough savings to cover the deductible before increasing it.

Increasing your deductibles can be a particularly effective strategy for lowering your auto insurance costs. If you have a good driving record and feel confident in your ability to avoid accidents, raising your deductible can help you save money on your premiums.

4. Maintain a Good Credit Score

Believe it or not, your credit score can have an impact on your insurance premiums. Insurance companies often use credit-based insurance scores to determine the cost of coverage.

Research has shown that individuals with higher credit scores are less likely to file insurance claims. As a result, insurance companies may offer lower premiums to those with good credit scores.

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To maintain a good credit score, make sure to pay your bills on time, keep your credit card balances low, and avoid opening unnecessary lines of credit. Regularly check your credit report for any errors or discrepancies that could negatively impact your score.

5. Take Advantage of Discounts

Insurance companies offer a variety of discounts that can help you save money on your premiums. When you move, it’s a good idea to review your insurance policies and see if you qualify for any discounts.

Common discounts include:

  • Multi-policy discount: If you have multiple insurance policies with the same company, you may be eligible for a discount.
  • Good driver discount: If you have a clean driving record, you may qualify for a discount on your auto insurance.
  • Good student discount: If you are a student with good grades, you may be eligible for a discount on your auto insurance.
  • Home security discount: If you have a home security system installed, you may qualify for a discount on your homeowners insurance.
  • Claims-free discount: If you have not filed any insurance claims in a certain period of time, you may be eligible for a discount.

Contact your insurance provider and ask about any available discounts. You may be surprised at how much you can save by taking advantage of these opportunities.


When you move, it’s important to consider how to keep your insurance costs low. By shopping around for quotes, bundling your insurance policies, increasing your deductibles, maintaining a good credit score, and taking advantage of discounts, you can save money on your insurance premiums.

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Remember to regularly review your insurance coverage and compare quotes from different providers to ensure that you are getting the best value for your money. By being proactive and taking steps to keep your insurance costs low, you can protect yourself and your belongings without breaking the bank.

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