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For the cautious homeowner or the head of a family in need of medical insurance, insurance is a necessary expense. Keep reading to learn how you can save money on everything from travel insurance to your health insurance.

1. Trim down your travel insurance.

There’s no need to pay extra for accidental death coverage on your travel insurance if you already have life insurance either through your work, credit card or your own life plan.

2. Opt for the higher deductible.

By accepting a higher deductible, you can often afford better coverage and will get lower monthly payments. Admittedly, if your house is burglarized, you’ll need to pay that higher $2000 deductible, but you’ll be insured for goods up to $100,000 instead of $20,000. Make sense?

3. Lose the collision.

If you have an older, less-valuable vehicle, it may be time to drop the collision insurance. Depending on its shape and condition, it simply might not be worth it to insure. For example, (more...)

Do you think you’re paying too much for insurance? Would you like to pay a lot less for adequate coverage? If you answered “Yes” to any or both of these questions then you can really save much by using the tips here…

1. Get a smaller car. Avoid sports cars and other vehicles that fall into the “expensive to insure” category. You can use a comparable car that is inexpensive to insure. A costly car will normally cost more to insure.

2. That extra weight is costing you more in life insurance. There’s something called Body Mass Index (BMI). It is used to calculate a prospect’s life insurance premium.

A high Body Mass Index will always attract an expensive life insurance premium all other things being equal. The more overweight you are for your height and sex the higher your BMI rating will be. Do your best to shed excess weight because dropping as little as a few pounds could put you in another Body Mass Index rating which means lower premiu (more...)

Do you want to learn tips that will help you save on all your insurance policies? Then you’ve come to the right page because I’ll 7 tips that will help you do just that in this article. Here we go…

1. A simple but smart way of reducing your rate is by authorizing an EFT (Electronic Funds Transfer). This simply means your insurer withdraws your premiums automatically from your account each month without sending you payment notices. This reduces an insurer’s overhead by removing the need for payment notices or checks. An insurer passes part of what they save to you by offering you lower premium.

2. It pays to continue with the same insurance company. A number of insurers will give you discounts of about 5 percent once you stick to them for over three years while others will give you discounts for staying up to 5 years. The longer the years you’ve been loyal to an insurer the higher discounts you can get.

3. Maintain an outstanding credit rating. Those who h (more...)

There are tips you must understand and apply if you’re truly keen on getting considerable discounts. I’ll discuss a good number of them here…

1. Let your insurance carrier be paid your premiums automatically and you will get you a considerable discount. If you don’t know how to do this, ask your bank or agent. In addition to saving you in premiums you will also save yourself much time and avoidable stress.

2. Dead-bolt locks on every exterior door will help you attract a more affordable rate. They will make it harder for burglars to get into your house. And as you know, the less the risk of burglary in a house, the lower the rates it will get.

3. It’s more expensive and very unnecessary to insure the land on which your home is standing. A good number of folks pay much more than they should on home insurance because they make this mistake. They just insure their house for its entire value without deducting the cost of the land.

If you did such igno (more...)

Let’s take a look at these issues. An agent makes approximately 10%-15% on workers’ compensation and 15%-20% on property and general liability policies every year - some cut special deals with the insurance carriers for higher commission rates. Some are as high as 30%. This is a percentage of the total premium. In addition to this, the agency gets an additional contingent amount of money if the agency writes a certain volume of profitable business with an insurance company. So in fact, there is an incentive to write business with some insurance carriers over others - how much commission up front, how much back in profit sharing.

When you receive your insurance proposal does it list the commission on the premium page? Does it tell you what the agency will get if they write business with that carrier? Most agents do not give you the commission amount and agents never say what the contingent profit sharing plan is with each of their carriers. Does your agent work for you? No, they (more...)

It’s quite easy to get a lower rate. You only need the right tips and the resolve to practice what you’ll be taught to get it. Let us now look at a few sure-fire ways to get more for a lot less…

1. According to statistics from a reliable source, more than 3 out of every 10 liability claims (which amounts to a sum of $1 billion) each year are as a result of dog bites. Dog owners, therefore, should expect more expensive home insurance premiums. Nevertheless, keeping your dogs in a place where they can do no harm will make you spend less.

2. You will pay lower home insurance rates if you get group home insurance. You should be aware if your employer offers such. You can check with associations you belong to because they may have group discounts for home insurance.

Though, before you use this option, compare the rates you’ll get from such an association with what you’ll spend with another insurance company. You can get an insurance company that your associati (more...)