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How Do YOUR Insurance costs compare?Recently, NerdWallet released the results of their study, and the results were quite interesting. The average American spends $5,261, or 12% of their yearly income, to ensure their health, home, life, and vehicle. On average in the United States, we spend:
Of course, here in Massachusetts, we always complain that our Insurance costs are too high, but this study lets us put that in perspective. Massachusetts is ranked as the 8th highest for insurance costs when you consider what percentage of our earnings go to pay our various insurance costs. While we pay 15% of our earnings on insurance, a closer look shows that this is less than Louisiana at 18.1%, and Oklahoma at 15.4%. Take a moment to study the chart below:
How do YOUR costs compare? Is it time to let us take a look at your current situation and see how we can improve your coverages or your costs? We’d welcome the opportunity to see what we can do to help your family save some money, or at the least get more comprehensive coverages for the same amount you are currently spending. Especially in the area of car insurance, we may be able to save you money immediately. Shopping around for car insurance can soften the blow of insurance prices because premiums and discounts for the same driver and coverage can vary greatly among insurance companies. Since we carry most major lines, we can discover the very best price for YOU. |
