Puritan Financial Group: Ways To Manage Your Nest Egg

If you’re looking at ways to manage your nest egg and prevent the depletion of your funds, identifying stable investments isn’t the only aspect of retirement planning you should consider – stretching your budget by cutting back on your spending is also important. If you’re a senior who drives regularly, you can lower your expenses by reducing your insurance premiums.

Aside from asking your agent for discounts, canvassing for lower rates from multiple insurers, taking a safe driving course, and paying for your yearly insurance with a lump-sum premium payment, you can also do other things to save money on your car insurance policy.

You can save on insurance premiums and manage your policies better with a multi-line insurance plan. Insurance companies that carry car and home insurance can offer you a combination policy, which is less costly than purchasing separate coverage for your home and vehicle.

Downgrading to a car of lower value can also help you cut down on your car insurance expenses. Since the risk your insurer undertakes is lower with a cheaper vehicle, you’ll need to pay much less for your insurance premiums. Aside from the savings you get with the policy itself, you’ll also save money with the cheaper maintenance costs and fuel expenses that usually comes with a smaller car.

Once you’ve decided to downsize your means of transportation, make sure that you purchase a car that comes with an alarm, an anti-lock braking system, and airbags. Since these safety features also translate to less risk for your insurer in case an accident occurs, you’ll need to pay less for your premiums as well.

If you need to save more money to fund your retirement and maximize the nest egg you have, you can take advantage of these tips to help you pay less for your auto insurance policy. Call up your financial advisor or your insurance agent to know more about how you can save with lower car insurance premiums.

This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.