The answer is yes, it really is. Stimulus packages aside, most people are worried about the economy. Everyone is looking to save money were they can, however most people forget to shop their insurance out to see if they can get a better price. In fact, shopping for insurance quotes is just as important as refinancing if you are looking to lower your monthly costs.
Most financial experts recommend you shopping for insurance every couple of years to make sure you have the best policy at the best price. Insurance companies change their premiums from year to year, so what was the best price 3 years ago may be not be today. And in today’s economy who wouldn’t like to save a couple hundred or even a couple thousand dollars a year right now (yes, the savings could be that dramatic).
The reality is, it costs nothing for you to have a couple agencies look at your policies. You may find none are able to save you any money, but then you can rest satisfied you are in the right place for now. Most insurance companies offer a multi-line discount, which means the more business (home, auto, umbrella, life) you give them, the more you can save. So at the very least, if your home and auto are not with the same company, consider having each company give you a one quote to write it all. You might be amazed.