9 Ways to Pay Less on Your Insurance Premiums
Insurance is often an expensive monthly cost, but you can’t get through life without it. From home insurance to car insurance, health and life insurance, you’ve probably got more than one plan. And, even if it seems like a drain on your earnings, you are glad of it when you do need it. However, if you’d like to keep your premiums on the lower end of the scale, here are 9 ways to reduce the cost.
1. Loyalty Can Pay Off
You’ll often hear that you should shop around every year to find the best insurance prices. But, insurance agencies are catching on to this trick, and are now rewarding customers for showing loyalty. These rewards can come in the form or credit, and they are being offered if you’ve shown previous loyalty to your old carrier. So, unless your current premium has spiked, stick around for a while and get a credit reward.
2. Switch When Your Insurance Rate Spikes
Yes, loyalty can work in your favor – but not if your increased monthly payment trumps the reward. Instead of paying high-rates, check online comparison websites to get immediate quotes, or ask family and friends for recommendations. However, remember not to cancel before you buy a new plan just in case something happens to you, or your car.
3. Show Insurers You’re Safe
To get a cheaper home insurance premium you should reduce risk potential in your home. By installing home security, smoke alarms, and automatic sprinkler systems, you can cut down the costs of your home insurance plan. Additionally, to cheapen your life insurance you can quit smoking and lose weight.
