ARTICLES > Tips For Saving Money on Your Insurances.
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Tips For Saving Money on Your Insurances.
1. Work out what you need.Whether it’s for your life, car, home, contents or something else, work out what you want insured and for how much. Many people waste money by over-insuring, and so paying premiums that are higher than they need be, or risk a financial crisis by under-insuring and receiving money that doesn’t cover their loss.2. Get quotes.One good way to know if you are getting a good deal is to work through a broker. They have usually sourced the best deals and may even be able to offer discounts because of the number of deals they put through.Remember though, the cheapest price may not equate to the best deal. That's where tip number three comes in. Read on.... 3. Make sure you know what you’re buying.A good insurance broker or representative will carefully explain all the benefits of your insurance policy. Listen carefully or read the contract a couple of times to make sure you are getting what you really want and need.4. Increase your excess.This doesn’t apply to Life Insurance but for most other insurances, when you make a claim you will almost always have to pay an excess. This is an amount you must pay when you make an insurance claim. By agreeing to pay a little more if and when you make a claim you can often get a discount on your insurance premiums. The one thing to be careful of, however, is that whatever the excess is, you are able to meet that amount should you make a claim.4. Work out how to best make your payments.Insurance companies will often give a discount if you pay your insurance in a yearly lump sum. That suits some people but others may prefer weekly or monthly payments. You need to do what is best for you but be aware of the savings that can be made depending on the frequency of your payments.By the way, if you pay yearly it is good to spread the renewal dates for insurances throughout the year. If they all come due in one month it can be quite a stretch financially. 5. Review your insurances regularly.I can say with a degree of certainty that most people, if they haven’t reviewed their insurances in the last three years or so, can save money by getting new quotes and reinsuring. It’s worth taking an hour or so occasionally and contacting a few insurance companies to get quotes on your insurance needs.6. Use an expert!Find an agent you can trust and get him/her to regularly review your insurances. As your circumstances so will your insurance needs.
When it comes to Life Insurance FORTIfi are experts. FORTIfi Ltd offers a free Life Insurance review. If you’d like to make sure that your life policy is the best for your situation contact us now and one of our insurance experts will make an appointment and come to see you. No charge, no obligation, no pressure. You can book your free insurance review:
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