Friday, September 9, 2016, AM | Leave Comment
Whether you are protecting the people you love or your most expensive assets or investments, insurance is always a good thing to have.
Having health insurance means you and your family can see a doctor when you are sick and won’t have to stress about bills when they come.
Having car insurance enables you to replace your vehicle or get help paying medical bills after an accident.
Sometimes your insurance can be more expensive than you expect it to be though.
With that in mind, what are a few ways that you can save money on and insurance policy?
Do You Have Good Credit?
Those who have good credit are deemed by insurance companies to be less risky than those who have poor credit. Generally, they are viewed as more responsible and more likely to pay their premiums on time.
Most importantly, they are not as likely to file a false claim or otherwise attempt to commit fraud.
Use your credit score to your advantage when it comes time to negotiate your premiums for the next six months.
Can You Pay Upfront?
If you can pay for your premium upfront, you may be entitled to a discount on your premium.
Good drivers can save up to 10 percent or more on their policies while others may also be able to save money compared to paying in monthly installments.
This discount may be added to others that you are entitled to which can make any policy easier on your budget.
Have You Used That Company Before?
Current customers may be able to use their positive track record to their advantage when negotiating their rates. It may be possible to ask for a customer loyalty discount or something similar.
Those who haven’t filed a claim in the past six months may also be entitled to a discount which is another good reason to bring up your prior history.
Think about Bundling Policies Together
If you have home or life insurance with a particular insurance company, think about using that same company for your motorcycle or car coverage as well.
Bundling your policies may entitle you to savings just for using the same provider for all of them.
In the event that you need to cancel a policy before switching insurance companies, each provider can work together to make sure the old policy is cancelled in a timely manner.
How Old Are You?
Your age plays a big role in determining your insurance premiums. Drivers under the age of 25 pay significantly more than those who are between the ages of 25 and 65 because of their perceived lack of experience.
After you turn 25, insist that your rate come down to reflect your now lengthy track record of good driving.
Suggest That Better Deals Exist
You may be able to get your insurance company to lower your rate if you suggest you could take your business elsewhere.
Simply say you have found a better rate from another company and plan to cancel your current policy.
In most cases, your provider will either match that rate or do whatever they can to sufficiently lower your premium.
It is important to keep in mind that lower rates don’t always equal better coverage, so make sure you have adequate protection regardless of how much you ultimately pay for it.
If you were in a motorcycle accident in Austin or were in a fender bender and auto insurance rates have gone up as a result, use these better deals, or even help from a lawyer to negotiate a better rate.
While you generally must have insurance to drive a car or to get approved for a mortgage, you don’t have to pay too much for coverage.
When done properly, you can strike a balance between cost and protection that won’t leave you worrying about what would happen if your car was damaged in an accident or if someone got hurt while visiting your home.Facebook.com/doable.finance