(Newswire.net — June 11, 2019) — When you add up all the insurance we pay for these days, it can be a lot of money. There is homeowners or renters insurance, car insurance, life insurance, and health insurance. These are the basic insurance policy most of us will have throughout our lives. Below we will look at creative ways to save money on all these insurance premiums.
Shop Around
The first rule about buying anything, especially insurance is to shop around. One of the best ways we found out to do this is with quote engine type of websites. These are online businesses that are in the business of providing multiple quotes for the specific insurance you are looking for. Often these companies have a massive database of companies they work with, and once you input your information, they are to give you a quote based on your individual needs.
Below are some of our favorite price quote engines:
Car Insurance – https://www.thezebra.com/
Homeowners Insurance – https://quotewizard.com/home-insurance
Health Insurance – https://www.firstquotehealth.com/
Final Expense Life Insurance – https://www.finalexpenseinsurance.com/
Bundle Up
Insurance companies love it when you bundle your insurance products together and often provide substantial discounts when you do so. If you can get all of your insurance needs taken care of by one company you usually are better off that way. There are generous discounts when you bundle two or more insurance products. Ask your insurance agent which companies have the highest bundle rates.
Increase Your Deductibles
Having a high deductible can be scary and hurt your pocket book if you ever need to pay it. However, for those that can afford a higher deductible by raising that amount, you can get a much lower insurance premium. If you are considering this it is best to sit down and figure out your finances in advance should you need to pay a higher deductible. It’s a good idea to find out the available deductible options and see what is best for your situation.
Auto Pay
Nowadays, many insurance companies offer discounts for automatic payments. This is easy for both parties and cut down on paperwork and streamlines efficiency for the insurance company. This is why they often add a discount for those that sign up for an auto-pay feature. The discounts aren’t huge, but you can save a few bucks per month.
Semi-Annual Premiums
Insurance companies love to get their money ahead of time. Usually, the company will offer discounted rates if you pay either semi-annually or annually for your insurance premiums. Again like with auto pay, the discount isn’t huge but will add up. If your insurance agent isn’t offering you this type of option, inquire with them to see if they provide it.
These are just a few ways you can save some money on your insurance premiums. We find it best to ask an insurance agent if they have any tips or tricks on how to save you money. A good agent will know the ends and outs of the market and will be able to save you money where they can.