Home and Auto Insurance Quotes Savings Could Add Up to 2.2 Million Dollars

Home and Auto Insurance Quotes Savings Could Add Up to 2.2 Million Dollars – Many people get comfortable keeping their home and car insurance. A lot of people keep the same insurance agent during most of their adult lives until they unfortunately pass away or their insurance agent decides to retire. If you are doing this, stop! This is one of the biggest financial mistakes of your life! In this article, I will tell you why.
Each year, if you shop around, you could be saving yourself a couple of hundreds of dollars a year. If you are keeping the same insurance person each year you are probably losing money. It is my recommendation to get a home and auto insurance quote each and every year. If you do this, you could have a lot more money when you retire.
How Much Money?
If you shop around for home and auto insurance quotes, you could save over $400 a year. This is the average price a person may save if they are not already at the lowest point. Now, let us say you invest that $400 a year that you are saving for the next 40 years in the stock market. If you have an 8% per year average return on investment you would have $125,000 to fall back on. If you have a good financial planner you should be making 12 to 18 percent a year in the stock market. At 12% per year you would have about $380,000 to your name when you retire. Some wishful thinking at 18% a year, you would have 2.2 million dollars.
This is only an example of what money you could save on your home and auto insurance. It is many financial planners’ suggestions that you get a home and auto insurance quote each and every year just to save you money. If you invest the money you save, you could be very wealthy when you retire.