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Dave’s Easiest Money-Saving Tip

Everyone loves saving money—especially with the rising cost of gas, groceries and pretty much everything else under the sun. 2020 and 2021 were rough years, and people are looking for even more ways to save a buck or two going into 2022.

You probably already know some of the usual ways to save—from packing brown-bag lunches to having an extreme no-spend month. But here’s an easy one you might not have thought of yet: shopping for insurance with one of our Endorsed Local Providers (ELPs)! (Probably didn’t see that one coming, did you?)

Hear us out, though. This easy saving tip is worth your time!

The Difference Is in the Name

Why is using an independent insurance agent such an easy money saver, you ask? It’s all in the word independent. They’re not limited to a single insurance provider’s options. Because they have access to a network of insurers, an independent agent casts a wider net to find you the best deals on coverage that’s right for you. It’s like having your own personal shopper . . . but for insurance.

 Do you have the right insurance coverage? You could be saving hundreds! Connect with an insurance pro today!

And you can be confident knowing your independent agent doesn’t have a stake in the game when it comes to which provider or policy you choose. They don’t get paid extra for helping you choose a specific one—so at the end of the day, the choice is yours!

Insurance Isn’t Like Fine Wine . . .

The only constant in life is change, right? We all know that. But a lot of people treat their insurance policy like a bottle of wine that just gets better with age. Spoiler alert: Insurance doesn’t work like that.

Never taking a second look at your insurance policy is a mistake that could cost you. In fact, a recent study conducted by Ramsey Solutions found that 22% of Americans never evaluate their insurance coverages. Ever. That means they could be missing out on new discounts that apply to where they’re currently at in life.

Did Junior get good grades this semester? Did you get married recently? Drive a different car these days? All of these are good reasons to check your insurance rates.

It’s About More Than Your Bottom Line

You also shouldn’t have to sacrifice your coverage quality to save a buck. Saving money is awesome. But cutting costs shouldn’t mean cutting corners. A true pro takes time to walk you through your coverage options so you can make the decision that’s right for you.

Sadly, this basic level of service isn’t always part of the package. Many people don’t fully understand the details of their insurance policies at all. And if you’re confused about what’s covered and what’s not, that could really cost you. Things like floods, earthquakes, and normal wear and tear are not usually covered under a basic homeowners policy.

So be sure you know what you’re paying for. No one wants to be surprised in the middle of a crisis when they’re trying to file a claim. Our free 5-Minute Coverage Checkup will look at your unique needs to make sure you have the right kind of coverage.

Start Saving Today

What would you do with extra money every month? Knock out a little more of your debt snowball, boost your retirement fund, or get hustling on paying off your mortgage? The possibilities are endless! So what are you waiting for?

If you don’t have an independent insurance agent already lined up, we have some awesome recommendations. Dave’s local insurance ELPs are experts. And they’re RamseyTrusted, meaning they have a solid track record of providing excellent service—and we’ve already vetted them for you! 

Connect with an ELP today.

Ramsey Solutions

About the author

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Learn More.

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Do You Have the Right Coverage?

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup