Insurance shopping is not as enjoyable as shopping for shoes or cars, but if you're always on the lookout for the best bargain, comparing rates could save you a lot of money
Similar to a spare tyre, insurance is one of those items we forget about until we need it. National Insurance Awareness Day is observed annually on June 28 for this reason. Although the origin of this day is unknown, the significance of insurance in many aspects of our lives is well-known. From auto insurance to life insurance to home insurance and beyond, these policies provide a layer of protection against the most devastating effects of unfortunate occurrences.
Insurance shopping is not as enjoyable as shopping for shoes or cars, but if you’re always on the lookout for the best bargain, comparing rates could save you a lot of money – sometimes as much as 15 percent or more, according to reports. Knowing your options provides you with the most leverage and the greatest opportunity to save money.If a change in employment results in less transportation or if your teen leaves for college without a car, your insurance company may reevaluate your premiums. As for homeowner’s insurance, changes in marital status and home renovations can influence premiums.
Certain long-term promotions can help you save more money over time than discounts. If you don’t review your policy until it’s time to renew, you may lose out on additional savings.Chinese merchants commingled their products on ships to prevent catastrophic losses from shipwrecks.Following a devastating fire in London, Nicholas Barbon founded the first fire insurance company.Thank you, Franklin Health Assurance Company, for paving the way for covering medical costs.Mr. Loomis built his own vehicle, which was cool, and then purchased the first auto insurance policy, which was smart.
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Call your insurance agents to inquire about current promotions, services, lock-in rates, and premium changes.
While attempting to sell you insurance, some self-assured insurance companies will disclose the rates of their competitors. This audacious action can save you time as you search for the best deal.
These achievable actions, such as taking an online defensive driving course, exercising a few times per week, and installing a home security system, can result in additional discounts on your various insurance policies.
| Year | Date | Day |
|---|---|---|
| 2023 | June 28 | Wednesday |
| 2024 | June 28 | Friday |
| 2025 | June 28 | Saturday |
| 2026 | June 28 | Sunday |
| 2027 | June 28 | Monday |
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