Buying insurance can be stressful enough without finding out you are going to have to pay way more than you planned. The great news is that there are a number of simple ways to save money on your insurance premiums. The easiest and most effective ways of saving money when buying insurance are described in the following article.
Find The Hidden Discounts
There are many discounts on insurance policies that will go undiscovered by the majority of customers. A good example of this is if your house has particular kinds of locks or your car has particular alarms you could get a discount on your insurance policy just on the basis of having these. Another type of discount that might be open to you is that if you have a small number of no claims or have driven a company car in the past. The best way to find out is just to ask what discounts are available and whether any of these apply to you or not. It is best though that you bear in mind the next piece of advice before asking about discounts.
Ask Your Insurer For A Reduced Premium Price
This is probably the easiest and quickest way to save money – ask your insurer if they could reduce your insurance premium. You don’t have to turn on the waterworks or make things sound worse than they are, but if you tell your insurer you are considering your options and may choose to take insurance with one of their competitors, you might find that they find a way to lower the premium. Although it just depends on the company and your situation, it does not hurt to ask. Always remember to be polite, as politeness goes a long way.
Choose One Insurance Company For All Your Insurance Needs
It is likely that if you own a car and own or rent a house you will have a number of different insurance policies. A quick and easy way to save money from your insurance premium is to ask your insurer for a quote that will cover all your needs. It might not give you a better deal that saves you any money, but again it’s worth a try.
Don’t Pay Installments If You Are Charged Extra
Many insurers will charge you extra if you pay for your insurance in monthly instalments. Although it can be rather difficult to pay for your insurance in a lump sum, you will be more likely to save money.
Always Shop Around
Although it can be time consuming and tricky to research and shop around looking at the different insurance quotes out there, it is still worth doing. The whole process is a lot simpler these days and all you have to do is go online and it can all be done with your computer.