Auto insurance premiums are increasing across all states and all insurance companies. While there are many reasons for this (inflation, technology, labor shortage, litigation, etc) – we want to help you save on your personal auto insurance premium. One way to save on your Auto-Owners Personal Auto insurance premium is with the Annuity Multi Policy Discount.
If you make a one time purchase of an Auto-Owners Non-Qualified Item 500 annuity, and deposit at least $2,000 you will qualify for a 5% premium discount on you Auto-Owners Personal Auto insurance policy. You receive this discount indefinitely as long as you keep the annuity and personal auto with Auto-Owners – and savings can add up quick!
For example, if your annual auto premium is $5,000 and you save 5% each year, that is a $250 savings! Plus your $2,000 deposit in the annuity will earn (on average) a 3% annual return, which is $60. You have put $2,000 to good use and have a return of $310.
It is like your $2,000 is earning you a 15% annual return (with a combination of premium discount and interest).
Ready to save? Call us at Fuller Insurance and we will help you maximize your Auto-Owners personal auto insurance discounts so you can stay with an A++ rated carrier!
