Insurance is one of those things that just isn’t as fun to shop for as a new car – but it is very necessary.

Financial experts are always arguing about what kinds and how much insurance the average person should have. The truth is that while rules of thumb are good guidelines, the best approach is understand your own financial situation and needs and use that to make your decisions.

I generally recommend checking rates on your insurance annually – particularly if you are trying to save money. I was shocked to find that I knocked $530 off my annual car insurance premiums (with the same exact coverage) by finding a better rate. If you haven’t checked in a while, I recommend it. A few minutes could save you a lot of money this year.

Basic Types of Insurance

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