You've graduated from college and you are to move out into the real world by yourself. Congratulations! That said, it's understandable if you are feeling a bit flustered about all of the adult decisions you will soon have to make, and that might include figuring out this whole "insurance" thing. If you will soon be buying your own insurance for the first time, here are some tips to keep in mind.
Buying Multiple Types of Insurance from the Same Agency Might Save You Money
Insurance agencies typically offer discounts to customers who carry more than one policy with them. If you aren't sure where to begin, reach out to a firm that offers insurance agency services and let them know about the different policies you might need. Generally speaking, the more types of insurance you buy, the greater your savings could be. Feel free to look around of course, but the more policies you can keep under the same umbrella, the better off you might be in the end.
Specifically Ask for a List of Discounts
While any insurance agency will give you a quote, it might not be as easy to find every possible discount that the agency offers. In some cases, it's only because your insurance agent doesn't know you well enough yet and doesn't know what you might qualify for. For example, many insurance companies offer a small discount for students who achieve good grades. If you will still be taking a course or two after completing your degree, perhaps to start working toward a master's, be sure to let your insurance agent know. You may still qualify for a student discount. Insurance companies offer a wide range of discounts that vary from a discount for driving safely for an extended amount of time to a discount for adding a security system or device to your home or apartment.
Don't Forget about Life Insurance
While most young people typically need a car insurance and perhaps a renter's policy, not as many young people think they need life insurance. That said, getting a life insurance policy now might be a smart idea because your young age could help you receive a very low premium. If you think you and your college sweetheart might be getting married sooner rather than later, it's a good idea to add a life insurance policy to your portfolio as soon as possible. If you don't yet have dependents to payout to, you can put your parents or anyone else you want on the policy.
Contact an insurance agency today to get started.