Five Ways to Reduce Automobile and Homeowners Insurance Costs

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I remember one of the main concepts I was taught in an undergraduate risk and insurance class is that you should self-insure if you can.  Remember that your insurance company has administrative costs and does not pay out what it collects in premiums and the return on investing your premiums.  The ideal relationship with your insurance company is that you don’t pay them much money and you never file a claim.  Insurance should only be for potential financial disasters that you can’t afford.  The best way to self-insure is to have an emergency fund, which you can use for a variety of bad things that can happen to you. Continue reading Five Ways to Reduce Automobile and Homeowners Insurance Costs