Being savvy about how you buy and use insurance can help you get the most for your money. The following tips can help.

Think twice before filing small claims

Submitting claims that exceed the deductible by only a few hundred dollars may increase your premiums down the road, and might ultimately cost more than the repair would have cost out of pocket.

Buy the right amount of coverage

Be sure your coverage is adequate, but not excessive. It’s a good idea to revisit your Insurance policy limits every year. Be mindful that some of your personal belongings may decrease in value over time, requiring less coverage.

Increase the deductible

Raising your deductible by a few hundred dollars can result in a significant decrease in your premium. Deductibles often start at $250. By raising the deductible to $1,000, you may save nearly 25% on homeowners premiums and 40% on collision and comprehensive coverage for your car.*

Look for safety discounts

You may be able to lower your homeowner's premium if your home has safety features such as dead-bolt locks, smoke detectors, an alarm system, or fire retardant roofing material. You may qualify for discounts on auto insurance if your car has features that reduce the risk of injuries or theft, such as air bags, anti-lock brakes, daytime running lights and anti-theft devices.

Buy your home and auto policies from the same insurer

Some companies offer a discount for multiple policies.

Be loyal

Some companies reduce premiums for long-time policyholders.

Ask about discounts

Many insurance companies offer discounts, but the types of discounts vary. Ask your insurance representative to help you find the ones that apply in your situation.

Turn to a trusted partner

Choose an insurance company you trust to help get the coverage you need without paying more than you have to. Rely on their expert knowledge to guide you to insurance coverage that fits your family's situation and provides peace of mind when the unexpected occurs.

CTA Member Benefits has a variety of insurance programs for members. For more information visit: https://www.ctamemberbenefits.org/Insurance