1-229-468-3444
Portier Agency
  • Who We Are
  • Products
  • Get a Quote
  • Insurance Partners
  • Contact Us

Blog

5 best insurance tips for millennials

  • September 26, 2019
  • Walter Portier
  • automobile insurance, Georgia, Grange, homeowner insurance, insurance, insurance agent, Life Insurance, Ocilla, renter's insurance, The Portier Agency

5 best insurance tips for millennials

Adulting (verb) – acting like an adult or engaging in activities usually associated with adulthood, often responsible or boring tasks.1

If you’re a millennial, you know this definition all too well. You’ve reached the age where you may be taking out student loans, buying or renting a place to live, having kids and, ultimately, purchasing insurance. These major life events for millennials make it extremely important to have a financial security net. And that’s exactly what insurance is: a financial security net. So it’s troubling that a survey from Princeton Survey Research Associates International named millennials the most underinsured generation.

There are many reasons why people of all generations avoid purchasing insurance. It‘s often seen as a big investment, but that doesn’t necessarily mean that it’s an expensive one. In fact, insurance probably costs less than you think. For instance, according to the National Association of Insurance Commissioners (NAIC), millennials overestimated the cost of renters insurance by more than five times its actual cost per year.

Also, the complicated terms can make finding a policy a puzzling experience and the subject matter can be tough to digest. No one wants to think about being in a car accident, experiencing a break in, losing everything in an apartment fire or any other sort of bad, unexpected event. But these things can happen, so you’ll want to be prepared.

And don’t let any initial confusion or preconceived notions drive you away. You’re a millennial, after all! Your generation is always tackling new challenges and expanding the way the world works, oftentimes in brilliant ways.

Insurance provides essential financial protection for your future, so now’s the time to start “adulting” and take that first step.

Here are five tips for buying insurance:

  1. Shop smart. When looking for insurance, your No. 1 priority should be to find adequate coverage. Price is important, but you’ll want to determine what kind of coverage you need first. Then you can fit that coverage into your budget and determine which carrier can provide you with the most comprehensive policy for your situation. You may be tempted to choose insurance with the lowest price tag, but if you don’t have enough coverage (or the right kind of coverage), you will see less financial benefit when it comes time to file a claim.
  2. Look for discounts. Once you evaluate your coverage needs, factor in your budget and find ways to save. Ask your insurance agent if there are any discounts on your coverage. Often, carriers offer discounts for things like paying your policy in full, staying auto accident-free or, if you’re in school, getting good grades. You also can save money by “bundling” multiple policies, such as purchasing a home and auto policy from the same carrier.
  3. Fill in the gaps. An average policy will cover the basics, but you may need to add extra coverage to meet your unique needs. For instance, you may have items like electronics or a nice piece of jewelry that would be financially difficult to replace, even with the assistance of your[…]

# # #

Continue to read this Grange Insurance article.

 

Don’t forget, The Portier Agency offers:
homeowner/mobile home/ renter’s /automobile / motorcycle / life / commercial / crop insurance.
Call or come by to get your quote!

 

The Portier Agency, LLC
113 North Irwin Avenue
Ocilla, GA 31774
229-468-3444
portieragency@windstream.net

Please Share This
  • Tweet
  • Like
  • Plus one
  • Pin It
  • Share
Related Posts
10 Tips for Space Heater Safety

10 Tips for Space Heater Safety While we all hope Punxsutawney Phil, the groundhog, is…

10 questions to help assess your changing insurance needs

10 questions to help assess your changing insurance needs Family, home, career status should be…

10 Ways to Save on Your Car Insurance

10 Ways to Save on Your Car Insurance Car insurance is a necessary expense for many…

Contact Us

The Portier Agency, LLC.
113 N Irwin Ave.
Ocilla, GA 31774

Walter Portier
Owner / Agent
Phone: 229-468-3444
wportier@windstream.net

LIKE us on Facebook:
FOLLOW us on Twitter:
  • Facts about pet insurance
  • How to Pet-Proof Your Home
Our focus on service and commitment to our clients makes us a top choice for all your insurance needs. We represent many national and regional carriers which gives us multiple options to tailor coverage to your individual and business needs at the best possible price.
Contact Us
Personal Quotes
  • Auto
  • Homeowners
  • Life
  • Annuity
Quick Links
  • Who We Are
  • Products
  • Get a Quote
  • Insurance Partners
  • Contact Us
News
  • Identity Theft
  • Happy Easter
  • 5 Types of Cyber Criminals and How to Protect Against Them
  • Being Safe in the Kitchen
  • 10 Quick & Easy Home Tips to Prepare for Severe Storms
Contact Us
The Portier Agency, LLC.
113 N Irwin Ave.
Ocilla, GA 31774
Phone:  229-468-3444
Fax: 229-468-3474
wportier@windstream.net
Copyright 2017 - All Rights Reserved.
  • Home
  • Home
  • Who We Are
  • Products
  • Insurance Partners
  • Get a Quote
  • Contact Us