Despite the vital role insurance plays in your livelihood, it can be painful to hand over your monthly premium payments. This is particularly true for those with multiple policies. Fortunately, there are a few steps you can take to reduce what you spend on your plans—without discounting the quality of your coverage.

According to the professionals at Texas County Mutual Insurance in Licking, MO, the key to locking in lower insurance quotes lies in the following tips:

• Increase Your Deductibles: Before securing a policy, you must decide whether to go with a high or low deductible. Although a low deductible will require less money to file a claim, it will increase your monthly premium. If you have money set aside for unexpected situations, it may be wise to choose a higher deductible and cut down on your monthly premium.
• Buy All Your Policies From 1 Provider: Many insurance companies offer discounts for those who bundle their policies. In other words, if you need liability and home insurance, or any combination of products your insurance company carries, they might be willing to lower your premiums.
• Submit Claims Wisely: Even though the purpose of insurance is to protect you in the event of a disaster, not every circumstance warrants a claim. There’s a good chance your insurance quotes will rise if there are too many claims in your history. In some cases, it may work to your advantage to avoid filing for small mishaps.
• Pay Upfront: Another way to secure more affordable insurance coverage is to opt out of paying monthly premiums—instead pay for six months or a year in advance. Since they’re getting paid upfront, most insurance companies will provide a discount to customers who select this payment option.
• Work With an Independent Insurance Agency: It’s always wise to compare rates and guarantee you’re getting the best deal possible. However, doing this on your own can be a challenge. An independent agency will simplify the process by obtaining insurance quotes from several providers at once. Plus, they can tell you which rates boast the highest value. 

Once you know how to save money on your insurance premiums, you can shop for any policy with peace of mind. Contact Texas County Mutual Insurance at (573) 674-3125 to get hassle-free insurance quotes, or visit them online for information on buying affordable coverage.