Running a farm is a huge commitment, and we know that every penny counts. That is why it is so important to make sure your farm insurance is working for you–without stretching your budget too thin.
Saving money on farm insurance does not mean you have to cut corners when it comes to protection. With a few strategic moves, you can optimize your coverage and save a little extra, while still protecting your hard-earned farm.
Here are a few ways you can save on your farm insurance and keep your hard-earned cash in your wallet:
- Bundle Your Policies – If you have multiple types of insurance, like crop coverage, equipment insurance, general liability, etc., bundling them together with the same provider can lead to substantial savings. Most insurance companies offer discounts when you combine policies, helping you keep everything under one roof and saving money.
- Opt For A Higher Deductible – Choosing a higher deductible is a great way to lower your monthly or annual premiums. While it means you will pay more out of pocket in the event of a claim, it is an effective option for farmers who have the financial flexibility to cover smaller losses.
- Assess Your Risk Exposure – It’s normal that the needs of your farm continue to change over time. Reviewing your insurance coverage regularly is key to making sure you are not overpaying for coverage you no longer need.
- Work With A Local Agent – A knowledgeable local insurance agent can make a huge difference. They understand the specific risks faced by farmers in the area and can tailor your policy to meet those needs. Plus, they are able to find the best deals that fit your farm’s unique circumstances.
At Beck Insurance Agency, we have decades of experience serving farm insurance in Otsego, Sylvania, OH, Defiance, OH, Toledo, Holgate, OH, Halmer, OH, and the surrounding areas. As a local agency who understands the needs of farmers in the community, we work with you to identify all potential savings without sacrificing on coverage. Let our agents ensure your protection and help you save. Contact us today to learn more about saving on farm insurance!
