‘Money: It's Personal' — Tips for finding best insurance rates

Insurance companies are a dime a dozen, so choosing the right company with the right coverage can save you a lot of time and money if you ever find yourself needing to file a claim. Here are some...

SAN ANTONIO – Insurance is what we rely on to cover some of our most-valued possessions, such as our car and our home, but finding the best rate can sometimes feel overwhelming.

Insurance companies are a dime a dozen, so choosing the right company with the right coverage can save you a lot of time and money if you ever find yourself needing to file a claim.

READ NOW: ‘Money: It’s Personal’ — Budgeting to live on your own

So how can you find the best rates and coverage at a price you can afford?

First, compare quotes and coverage from several companies. Make a list of what each one offers and the price per month to see which insurance plan is best for your home and/or auto.

If you have safety features in your home, such as an alarm or fire detection system, make sure to let the insurance company know when you're looking for coverage. Some companies may offer you discounts for having safety features in your home or in your car.

You may also be able to qualify for a discount based on your age, driving record or your grades, if you attend school.

READ NOW: ‘Money: It’s Personal’ — Keeping your information protected

Check if the insurer offers lower rates for having more than one policy on your account.

Lastly, a higher deductible can save you money on your monthly premium. If you have a lower deductible, however, you'll have to pay less out of your own pocket if you ever file a claim.

For more insurance purchasing tips, click here.

“Money: It’s Personal” is a series on KSAT’s News at 9 that breaks down personal finance topics. If you have a suggestion or question on the types of topics you'd like us to explain, click here.

For more stories from KSAT's News at 9, visit KSAT.com/newsat9.


About the Authors:

Ivan Herrera has worked as a journalist in San Antonio since 2016. His work for KSAT 12 and KSAT.com includes covering breaking news of the day, as well as producing Q&As and content for the "South Texas Pride" and "KSAT Money" series.

Valerie Gomez is the lead video editor and graphic artist for KSAT Explains. Before starting at KSAT in 2017, she worked as a video editor for KENS 5 and KVUE in Austin. She graduated from Texas State University in 2013 with a bachelor's in mass communication and is a product of SAISD and the South Side of San Antonio. She loves Jeff Goldblum.