Have you ever thought about saving money? Sure you have, what you did? You downgraded
some things, maybe cut the monthly budget, had a boot or garage sale to free up some money, but there is a place that most people do not look. Insurance premiums!
Typically, there are three types of insurance:
Legally required - such as car insurance
Contractually required - such as life insurance, if you have a mortgage
Necessity forced / Perceived non - Home Contents Insurance
Of course you can not remove them all as you can see that they are legally required to have insurance. But there are ways to make sure your insurance premiums are as efficient as possible. Here are our top 9 tips to find the hidden fortune ....
1 Try to buy their insurance together. Some insurers will give you a discount if you buy both your car and home insurance together. If unsaid. Ask!
Buy two or quote online. Buy Online, you will have access to some discounts not available anywhere else as their administration costs are reduced. This could be up to 15%
3 Do not just accept your renewal quote from your existing provider. They are not as hungry to offer you the best deal every year as you are now a client!
Use the quote renewal as a reference for more quotes. If you need to be done once, go back to your existing insurer with the other quotes and ask them to improve them. You may be pleasantly surprised
4 Replace Value Poor coverage or expensive. Did you take out loan protection insurance with a loan? It is usually 5-10 times more expensive than if you bought separately.
5 Look at the minimum levels of coverage, when appropriate. If you have an old car for example, may be worth looking for third party only insurance
6 Pay your insurance premiums annually. Monthly direct debit can be easier on your wallet, but you may be losing a savings of 10%, paying up front. Just make sure you're paying for it and not put it on your credit card!
7 Do not buy extra coverage that you can live without. An ion drive a car insurance plan is not free. You will usually pay £ 10 - £ 50
8 Place a higher excess on your insurance. If you do not claim the first £ 300 on your home insurance, you will reduce your premiums, but still be covered for major events such as floods, fires, theft
9 Get rid of any duplicate coverage, read the fine print in your policy documents. Travel insurance can cover values while abroad, but also can be your home contents insurance so that it is not worth the extra cost.
All in all, you can see, there are several ways to reduce your premiums, which do not involve moving companies. Read your documents safe and take action when their renewals are due.
Spending a few hours getting quotes online and researching their needs can save you hundreds of pounds for the same amount of coverage you currently have. Do not be afraid to challenge the citation or the cover being offered
Source: http://EzineArticles.com/58638
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