5 Ways to Save Money on Your Insurance

5 Ways to Save Money on Your Insurance

Nov 30 2022

5 Ways to Save Money on Your Insurance

The holiday season is full of reasons to celebrate—family, friends, food, and fun. But with all that holiday cheer often comes a whole lot of stress. And this year might feel particularly expensive. As inflation and supply chain issues drive up the costs of goods and services, let us take some of that stress away. Here are ways to save on your insurance this season:

Bundle your insurance

Many insurance companies offer discounts for bundling insurance policies. Combining auto, homeowners and/or renters insurance, for example, may be cheaper than if you purchased individual policies. And the same can often be true if you’re bundling vehicle insurance for more than one car or different types of vehicles—like RV or motorcycle insurance. While your rates will depend on many things—like what company you’re working with, where you live, the value of your home and/or car, driving record, health, and more, bundling discounts can save you hundreds per year.

Ask about discounts

The great thing about a local agency like Bearingstar is that we have your back. We’re always on the lookout for discounts that will help you get the most for your money, while supporting your unique coverage needs. We’ll work with you to find the right policy, guide you through the process of selecting your coverage, and even show you ways to save money—either by bundling or through any of the many Massachusetts and Connecticut based discounts we offer. Some auto discounts we offer include Hybrid or Electric Vehicle Discounts, Renewal Credits, Annual Mileage Discounts, and more. View the full list auto insurance discounts.

Increase your deductible

It may seem counter-intuitive, but raising your deductible can reduce your monthly premium. While increasing your deductible will mean paying more out-of-pocket when you file a claim, it will decrease the upfront cost of your insurance. So if you have the money on hand to cover small issues without filing an insurance claim, it may be a good strategy. Before you make this move, be sure to assess how much you can afford in the event of an accident and consult your insurance agent to understand what your new deductible could mean for you.

Getting rid of high-risk stuff

Even though it may be fun, having something deemed an “attractive nuisance” by your insurer — think trampolines, swimming pools or playground equipment — can add to your homeowners insurance premium.

An attractive nuisance is a feature on your property that children could be tempted to play on. If they get injured while doing so, you could be held legally responsible. Because insurers consider this a liability risk, getting rid of those items could save you money on homeowners insurance.

Mention Your Home’s Security Devices

Most insurance companies offer discounts for homes that have security devices, such as smoke detectors, burglar alarms, fire extinguishers, sprinkler systems, water leak detectors, gas leak detectors, and dead-bolt locks. If you don’t have these devices now but decide to add them later, be sure to update your policy.

Call Us to Save

Your Bearingstar local agents are here to help reduce your stress—and increase your savings—wherever we can. Let us be your trusted advisor on the best coverage at an affordable price. Contact a local Bearingstar agent today to see what policies, options, and discounts may be available to you.

Call us at 877-801-7424 in Massachusetts, and 888-519-9996 in Connecticut.


  1. Bundle Your Insurance for Big Savings. Investopedia. https://www.investopedia.com/articles/insurance/09/bundle-insurance.asp
  2. 6 Reasons to Shop Around for Car Insurance Every 6 Months. Money Under 30. https://www.moneyunder30.com/6-reasons-to-shop-around-for-car-insurance-every-6-months
  3. How to Use Your Insurance Deductible to Save Money. The Balance Money. https://www.thebalancemoney.com/how-to-use-your-insurance-deductible-to-save-money-4075986
  4. When Should You Drop Collision and Comprehensive Coverage? Car and Driver. https://www.caranddriver.com/car-insurance/a36354915/when-should-you-drop-collision-and-comprehensive-coverage/
Back to Blog