Premiums are the monthly cost of keeping your insurance policy in effect. But fortunately, you can control the cost of your insurance premiums.
How? By lowering your risk. Insurance companies charge you a premium based on how much risk there is that they’ll have to pay for a claim. By reducing that risk, you can get lower premiums.
Eating right. Enjoy a nutritious diet. Keep junk food to a minimum. Eat plenty of vegetables and fruit, and go easy on the red meat.
Getting regular exercise. Even something as simple as taking the stairs instead of the escalator helps. Get outside and walk whenever possible. Join a gym — some health insurance plans offer discounts on health club memberships.
Quitting smoking. It’s easier said than done — but it isn’t impossible. If you go a whole year without using tobacco, your insurance company will cut you a break on your premiums. And it won’t just save you money — it could add years to your life.
Put smoke detectors in every room. Where there’s smoke, there’s fire — and having smoke detectors greatly reduces the risk of a fire getting out of control.
Burglar-proof your home. A home security system is ideal. But even something as cheap as making sure all doors have deadbolt locks will help, too.
Keep everything in good working order. Rusty pipes, bad wiring, and old appliances can cause expensive damage, and are prime targets for repair.
Keep a good driving record. Insurance companies love responsible drivers. Keep your record clean, and you’ll enjoy low premiums.
Choose a car that isn’t expensive to insure. Companies have statistics about everything — including which cars are likely to need large claims paid out. Choose a car that isn’t on their list of ones to watch out for.
Get an anti-theft system. Having a car alarm might annoy your neighbors — but experts say it really does reduce the chances of your car being stolen. And that lower risk means lower premiums.
Consider term life. Term life is much cheaper than permanent life insurance. Many experts recommend that you buy term life and invest the money you save.
The sooner you buy it the better. The younger you are when you buy a life insurance policy, the cheaper your premiums will be.
Get a rider on an existing policy. What if you already have a policy, but your coverage needs change? Instead of buying an entirely new policy, you can get a rider on your current policy. This can give you more coverage, often with only a small increase in premiums.
These are just few easy ways to save money. There’s also one more trick that works with any kind of insurance you need: shop around and compare plans. Get quotes from multiple agents. By working with a professional agent, you can find the right policy for your situation.
You can use our free service to get matched with agents in your area. They’ll give you their best offers, and you can choose the policy with the right price. Getting started is easy — all you have to do is fill out this short form to get your free quotes.