We’re all facing rising Massachusetts insurance rates. Johnson & Rohan Insurance quotes auto insurance with 8 carriers and even more home insurance companies.

Unfortunately, we are in a hardening insurance market. It seems that every company is increasing coverage and premiums.

Replacement cost (pure construction cost) on homes has never been higher due to the cost of building materials and the cost of labor.

The cost to repair vehicles or replace a windshield has never been higher.

In order to save money you might want to consider increasing your deductibles from $500 to $1,000 or $2,500 or $5,000.

Double check the discounts you’re getting. Are you receiving a support policy discount? If you have your auto and home insurance with the same company, you should receive a large “account/bundle” discount. Do you have a central station fire and burglar alarm system? Make sure the system is reflected on your home insurance policy.

Review the endorsements you have on your policy. Most likely you carry “replacement cost protection on personal property.” This is a nice endorsement which eliminates depreciation on your personal property at claim time. Sometimes referred to as “a hidden deductible” if you don’t carry the endorsement. If you removed the endorsement you would probably save $200 – $300 on a standard home policy.

Do you have kids on your auto insurance policy? If so, you know how expensive they are. Review your auto insurance discounts to make certain they’re receiving a “good student” discount (B or better average). If they go away to school (over 100 miles from home) and don’t have a car with them, they qualify for an “away at school” discount. Review your auto’s annual mileage. If you average less than 7,500 miles a year, most companies offer a mileage discount on your auto insurance.

With rising Massachusetts insurance rates, give us a call, or send us an email, to discuss and review your insurance renewals.