Archive for Oklahoma Agents Alliance

If you own your home in Oklahoma/OKC Metro, or if you’re in the process of buying your home then you’re aware of the importance of a homeowner’s insurance policy. But are you making sure that your homeowner’s insurance policy is saving you as much money as possible?

checking-homeowners-insurance-policy-okstatewide

Here are a few tips and tricks for saving money
on your Homeowner’s Insurance Policy. 

Do Your Research

A smart consumer will request several quotes and shop around for the best deal on their homeowner’s insurance policy. Talking with independent agents is always a good method for getting a good understanding of what constitutes the best deal taking coverage and cost into consideration. But you should also look for any discounts you can: many memberships come with insurance discounts, even wholesale club memberships like Costco and Sam’s Club.

Update Your Home

If you own or are purchasing an older home especially, talk with an agent about what modern upgrades will affect your premiums. You can make some changes that make your home safer and also save you money every month!

Brush Up on the Lingo

Sometimes, consumers choose a slightly cheaper option without knowing the real cost of the compromise in coverage. For example, consider the way your policy handles a payout. Actual Cash Value will save you a little money on your premium, but should something happen, you may find this payout inadequate. 

This is because Actual Cash Value payouts are based entirely on the current worth of the home and contents insured. In contrast, Replacement Cost will payout based on the current cost to rebuild or purchase the home and contents. This can mean a stark contrast in what your payout looks like and greatly affect your ability to recover from a disaster. 

Consider A Higher Deductible

As with any type of insurance, you can expect to lower your premium by raising your deductible. You have to consider whether this option is the best fit for you, because raising your deductible will put more financial responsibility on you than sticking with a lower deductible. Speak with an agent about how much you feel comfortable with raising your deductible up to and see how it affects your annual premium.

Add an Umbrella Policy

Although adding an additional policy made seem counter-intuitive when it comes to saving money, an umbrella policy can add extra protections that save you significant money in the future. Should you face any liability litigation, that exceeds your homeowner’s policy, you are personally and financially responsible for those costs. If you don’t have the funds available, you could be looking at wage garnishments or worse. An Umbrella policy is quite inexpensive to add and the protections it provides are more than worth it.

The Independent Insurance Agent

You are constantly bombarded with ads for big, well-known insurance companies. Chances are that you’re familiar with Progressive’s Flo and Geico’s gecko. So it makes sense that you might gravitate toward one of these companies. 

Flo from Progressive Insurance

Gecko from GEICO

However, working with an Independent Insurance Agent has many benefits that you should be aware of before deciding where to take your business.

Here are the top 5 benefits in choosing an 
Independent Insurance Agent in Oklahoma!

Network of providers

Instead of calling one insurance company and getting a quote one at a time for their products, independent agents work with a network of trusted insurance providers. They input your information and receive quotes from many insurance providers, saving you numerous phone calls.

Easy and simple

Rather than seeking out several quotes for yourself, an independent agent will assess your needs and then do the work for you. With just one phone call, you’ll have a person working in your best interests to find you the best policy for the right price.

Find better deals

Aside from just renewing your policy for another year, ask your independent agent to check to see if there are any better deals that suit your needs. Agents have saved customers lots of money by doing this.

Great customer service

With big companies, you have to navigate an automated answering system when you call. But with independent agents, you get a real person. Plus, these agencies serve a smaller area than large companies, so they can spend more time with each customer in order to address your questions and concerns.

In the neighborhood

Independent agencies are local, which means that they’re familiar with neighborhood needs. They know if your town is located in a flood plain and the likelihood of theft in your area. This makes independent agents valuable resources when it comes to coverage needs and discounts.

Statewide Insurance Agency

“We welcome you to find the value in your Edmond Locally Owned business and would love the opportunity to become your Independent Insurance Agency today. Please contact us if you have any questions with your current/future insurance needs.”

IAA

OAA

Edmond Locally Owned - Edmond, OK

OAA 2015 Member of the Year Award

Oklahoma Agents Alliance [OAA] 2015 Member of the Year

Oklahoma Agents Alliance awarded Statewide Insurance Agency
the 2015 Member of the Year!

We are so grateful to our clients and staff for making it such a memorable year.

Thank you!!

OKstatewide Issues 2016 Rate Forecast for Oklahoma Car Insurance

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