5 Ways to Save on Personal Insurance |
Posted: May 18, 2017 |
It is important for you to have insurance, so you will not get in a financial bind if something should happen. Some of the types of insurance that is needed includes life insurance, health insurance, and auto insurance. Life is so unpredictable; therefore, if tragedy should strike, you want to make sure you are protected financially. You also want to make sure you want to obtain quality insurance at an affordable price. Here are 5 ways that you can save on personal insurance. Get Quotes Most companies allow you to obtain quotes to see how much they will charge for their services. Insurance companies are very competitive, so they are competing for your business. You do not want to look at one company and then be satisfied with what they offer. Look at numerous companies to see which has better prices. For example, you can go online to obtain cheap auto insurance quotes, and you will save money. Keep in mind that cheaper is not always better. Make sure you choose a company that you can trust. You can shop around for multiple companies to compare. In addition to quotes, makes sure the company has excellent customer service and is reliable. Look online to see what other customers are saying. Check the reviews to see if customers are satisfied. Take Advantage of Discounts Many insurance companies, especially car insurance companies, offer certain discounts. Some of these companies do not tell you up-front about these discounts, so you will need to ask. For examples, some of the discounts offered by car insurance companies include safe driver, good grades. Military, low-mileage, and anti-theft devices. Health insurance and life insurance companies might give you a price break if you are in good health and do not go to the doctor frequently. Make sure you get all the discounts you qualify for, and you will save money. Raise your Deductible Your deductible is the amount of money you pay out of pocket after the amount your insurance pays. If you ask for a higher deductible, your insurance cost will be lower. If you do choose a higher deductible, make sure you have money set aside so you can pay it if you need to. Studies show that the average person makes a claim every nine years. If you are required to pay your deductible, you need to see if it will really save you money in the long run. Have Good Credit Many insurance companies will look at your credit before they offer you a policy. Having a solid credit history can lower your insurance cost. Research shows that people who have better credit have fewer claims. To keep your credit score up, make sure your bills are paid on time, and make sure you do not have too much charged to your credit cards. It is a good idea to check your credit before you apply for insurance. Combine Policies If you bundle all your insurance policies with the same company, you will save money. Insurance companies offer discounts if you have more than one insurance policy with them. You can normally get up to 20% in discounts if you have your policies with more than one company. There are numerous companies that offer life insurance. You want to be covered, but you also want to make sure you o not have unnecessary coverage that you do not need. Therefore, look for ways to save money, so you can have insurance as cheap as possible. You will then have peace of mind that you will be protected in case disaster should occur.
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