Insurance Premiums Cost Too Much?

Do you need to cut your monthly bills?

I know that about once a year I start realizing that my monthly bills are really creeping up again. And one huge leak always seems to be my insurance premiums. Of course, I need coverage, but I do not want to pay more than I have to pay. And one good thing about finding a large bill is that is often gives me a good opportunity to reduce it.

If a family pays $1,000 a year to cover their home, autos, health, and life, even a 20 percent reduction can save a couple of thousand dollars every year. And many families pay more than $1,000 a month. The good news is that many people can reduce their premiums by more than 20%.

Health Insurance

If your company provides a group plan, you may not even pay attention to your contribution. It is taken out of your check. But while that used to be trivial, the employee portions are growing every year. Does your company offer a choice? Maybe it is time to see if you would be satisfied with a lower priced plan?

If you need individual health insurance, consider your choices. Think of major medical as a tool to protect your health and financial stability, but not something that pays every time you catch a cold. That thinking will provide you with good coverage at the lowest possible price.

Auto Insurance

Everybody who drives a car needs to prove they are financially responsible. In most cases, this means you need coverage. Every company has their own rate scales and discount offers, so you need to find an insurer who is friendly to a driver like you. If you have the opportunity to purchase a new car, it is wise to consider the cost of covering the vehicle while you are calculating your monthly expenses. Spending a little time on the front end can save you a lot of money in the future.

Premium Discounts

Insurers take a risk when they offer you a policy. The more you can do to demonstrate that you reduce that risk, the more likely they are to offer you better rates. A younger and healthier person will get better life or health premiums than an older or less healthy person. A safe driver, with a long history without accidents or traffic tickets, will certainly get a better deal than a younger or less safe driver.

You can look around for the companies that reward drivers like you. Some insurers, but not all, offer a home and car discounts for having multiple policies with the same company. This reduces their cost of business because they get all of your policies with one sale. In return, they encourage you with a discount.

Shop Around
Experts advise consumers to evaluate their coverage periodically. Many people skip this because they think it is too hard or complicated. But the internet makes it pretty simple. You can find many fast, safe, and free insurance quote forms that will help you compare the most competitive quotes in your local area. Then you can choose to apply online or speak to a qualified