When’s the last time you bought a form of affordable insurance? It can be easy moving through day-to-day life with nothing but work and family obligations at the forefront of your mind, but when worse comes to worse you’ll want the emotional and financial security that insurance provides you. If you lose your possessions in a burglary or your car is damaged in an accident, insurance makes sure you’re compensated at a low cost to better help you get back on the right track. Look below at the most common forms of affordable insurance, with simple tips and statistics to help you figure out which one best suits your needs.

Home Insurance

The majority of homeowner insurance policies will include extreme weather patterns, such as storms or hail, and compensate you accordingly. When it comes to earthquakes or floods, though, it’s necessary to double-check and make sure you have all your bases covered. Since every insurance company has unique policies and standards, the last thing you need is a surprise bill when your home has already suffered physical damages. When applying for homeowner’s insurance, remember to tally up your possessions to better keep track of their cost and value should they become damaged or lost in the future.

Car Insurance

Car insurance rates can raise or lower depending on your good driving habits. Young people between the ages of 16 and 25 have some of the highest auto insurance rates and many insurance companies will offer discounts and reduced rates in exchange for routine safe driving habits. Remember to keep your insurance in your car at all times and to never be without a provider, as gaps in coverage can be a sign to car insurance companies that you’re an at-risk client. Good habits pay off in more ways than one and affordable auto insurance companies work hard to encourage safe driving in their customers.

Renter’s Insurance

Owning a home is not a basis for a reliable insurance carrier. Renter’s insurance can protect you in light of a break-in or a fire, helping you to restore your belongings without landing you into months worth of debt. A 2014 survey estimated that only 37% of renters have renter’s insurance, which means many people today are still at risk of losing compensation should accidents happen. Crafted to suit different budgets and living situations, insurance is necessary to create peace of mind no matter your walk of life. Which affordable insurance provider will you contact today?