According to the AP, now is the time to shop around for the best insurance deals rather than just drop your insurance because so many companies are trying to attract new customers to replace those leaving.

Reducing insurance coverage, whether it’s a consumer or a small business making the cuts, does mean instant cost savings. But it’s proving to be problematic for some people, leaving homes and businesses underinsured and their owners facing huge monetary losses should disaster or illness strike. It’s also making families vulnerable to financial hardship because some are giving up their life insurance.

“The economy is prompting a lot of people to reassess or re-evaluate everything everywhere and they are looking to make sure they are getting the most for their money,” said Mark Gibson, assistant vice president of advertising for State Farm Insurance Cos. “Our industry is no different.”

That creates something of a buyers’ market. Many consumers are shopping around for the best price.

After receiving a rate increase notice last year for polices on two automobiles and two homes, Justin Gregonis decided to leave his current insurance provider and go with a cheaper company. Gregonis, of Phoenix, said he was able to get the same amount of coverage without changing his deductibles for a savings of about $1,200 a year.

“I was willing to go with whomever was going to get me the best rate and have the best coverages,” he said. “Insurance in itself is just basically like playing the lottery. It’s just a gamble, but you have to have it.”

If you find yourself wondering if it is a good idea to drop your insurance as a way to save money, be sure to shop around to make sure you are getting the best deal on insurance first. Insurance quotes are free and only take minutes!

Should You Drop Your Insurance In A Recession? is a post from: Cheap Insurance Quotes

Getting an insurance quote is one thing – finding an insurance company that you can trust who has reasonable prices is another.

When looking for cheap insurance quotes, be sure that wherever you are getting your quotes from is a nationally known company who stands behind their product and service. Many of the largest insurance companies are going to be marketing to all of the people who used to have AIG as their insurance company because AIG probably isn’t going to be in the consumer insurance business for very long after the government takes over.

This means that many of the national insurance companies that you know and trust for your home, life, car and business insurance are going to be looking to gather up as many customers as they possibly can.

Here are just a few things you can do when getting a cheap insurance quote to help your chances of saving money and getting the right insurance:

• Don’t submit too much personal information. You shouldn’t need to submit your social security number for an insurance quote.
• Don’t pay for an insurance quote. Plenty of places will let you get a free insurance quote, so why pay?
• Make sure that you can get an immediate insurance quote. Don’t use a service that will make you wait!

Cheap insurance quotes don’t get any cheaper than free — so don’t delay, spend 4 minutes and start the process to getting the best insurance quote that you can for free!

Cheap Insurance Quotes: Easier Now Than Ever Before is a post from: Cheap Insurance Quotes