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In a recent poll on backpackers.com 4 out of 5 backpackers said that they take out travel insurance when they travel.

But every insurance company seems to offer something different, and every insurance company seems to take a different approach. So with the rather wide and baffling variety of insurance policies out there, it can sometimes be hard to pick the one thats going to give you the best deal.

Knowing how hard you guys save, trying to make each hard-earned cent go just that little bit further, a number of Insurers have focussed their efforts on developing travel insurance products that are specifically geared towards the independent traveler. Good news right? Remember, at the same time, these companies need to make money, and so they need the total premium they earn to always exceed the amount in total claims they pay out. For this reason, you should always check the small print.

Naturally, buying travel insurance direct and cutting out the travel agent or tour operator can bri (more...)

If you re shopping for either auto or home insurance you may be able to save money on both. Here is some information about how that can work.

Insurance companies base their rates on a lot of factors that have to do with risk. So with car insurance, these factors include driving records, age of drivers, type of vehicle, the place where the vehicle is and more. For home insurance, these factors include the location of the home, the age of the home, the construction of the home, and any other risk factors such as a swimming pool.

Despite all of this “risk” talk, insurance companies do want your business so one thing they ll offer as a way to help you save is a multi-policy discount. This means that if you insure both your home and auto with the same company, they ll knock off some of your premium. This can be anywhere from five percent or higher.

These multi-policy discounts may also apply if you buy another product from the same company, such as life insurance. The key is to (more...)

You can get lower rates on all your insurance policies. And by this I do NOT refer to taking steps that will put you at risk by leaving you with inadequate coverage. Let s take a quick look at several things that will help you save a great deal…

1. Paying your premium yearly will get you more affordable rates than choosing monthly payments. Yes, paying monthly might be convenient but it is also much more expensive.

Each check that is processed attracts a charge. While a yearly payment attracts a single check and therefore a transaction per year, monthly payments attract twelve. This implies that transaction fees would be 12 times more for people who pay monthly.

There are also administrative costs to your insurance provider that result just from taking monthly payments. For example, it costs some money to send payment notices monthly. The additional administrative cost to an insurer is eventually paid by you (that s apart from their own profit margin for giving you such a “ (more...)

How do you know if you re eligible for mortgage repayment protection insurance? Well for one, if you have a direct line of mortgage that is not currently in arrears then you would be eligible. However, you must be at least 18 years of age. You also have to reside and be employed in the same location as you are applying for protection. Your employment status cannot be any less than a 16 hour paid job. On the condition that you are employed under a fixed term contract, you are likely to still be eligible.

Costs for mortgage repayment protection insurance can vary according to what you specific require within your policy. The incentive of the repayment option is that it offers additional protection which is a secure resource for a peaceful mind. Coverage varies as well but in most cases it includes protection if you are off work due to incapacity incurred through long term illness or accident for more than two consecutive weeks. The policy provider will ensure that the mortgage is paid each month unti (more...)

You can trim you insurance budget by cutting down on your coverage limits albeit putting yourself at great risk. However, you can also save considerably without penalty by taking certain precautions. I ll show you how here…

1. Let your insurance carrier be paid your premiums automatically and you will be given a considerable discount. Simply let your bank know that you intend to set up an EFT (Electronic Fund Transfer) in favor of your insurance provider. Apart from being more convenient, you ll be given a discount for this.

2. The material you use in building your home has much effect on your home insurance rate. Buy a frame house for more resistance to earthquakes or buy a brick house if you want better resistance to high winds. So if you live in the East, you ll get more affordable premiums if you own a brick home. For those who live in the West, they ll spend more if they own a brick home. You ll get a discount of at least 5% if you use the preferred material for your home.

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If you re looking for how to cut down your insurance cost, you ve come to the right article. I ll point you to a few tips that will go a long way to bring down your total insurance budget…

1. Registering with an HMO will help lower your health insurance cost. HMOs offer coverage that is far less expensive than regular plans. Nevertheless, registering with an HMO means you are restricted to the use of only doctors, other health care professionals and hospitals that are part of the network.

For folks who want total freedom of choice in whom and where to get health care, a traditional plan is still your best bet.

All you will have to do is do more thorough shopping for traditional health insurance. If you shop right you will spend much less on any plan you choose. But if in your case you are willing to go with the restrictions, then an HMO is a great option for slashing your cost.

2. The pharmaceutical industry has big brand names. You ll raise your costs if you buy big bra (more...)