Mack Dudayev
Wouldn’t it be nice to live in a world with no bills? Living carelessly and not having to worry about bills such as your insurance premiums is the kind of life we all want. However, we are in a world that doesn’t allow you to live this way and being an adult is not all it’s cracked up to be!
So how can you actually enjoy life with some extra cash in your wallet after these bills? You would be surprised how much money you can save by making simple adjustments to the bills you have to pay for your health, life, car, and home insurance. These are things you cannot do without, so let’s get down to business!
Save on health insurance without sacrificing benefits
Many of us are worried about our health insurance policy skyrocketing if it hasn’t already. It’s bad enough that there are families who struggle month to month trying to cover the costs of living but now they also have to pay for their expensive health insurance policy. With that being said, let’s dive in two easy ways you can lower your health insurance premiums.
– Shop until you drop. Just like any other thing you want to buy, you probably look else where to make sure you are getting the best deal possible on the item. You have to do the same thing when it comes to buying the cheapest health insurance coverage. Or buying a new policy from another provider.
If you are having trouble finding the best deal that fits your family’s needs then don’t hesitate and call an independent health insurance brokerage or simply google it there are many great ones out there. This way you can ensure that by working with an independent health insurance agent you are getting the best deal possible.
If you don’t feel comfortable working with an agent because you think they are pushing or will push a product for their benefit then do some homework beforehand. Go to an online broker and check out some quotes before giving the agency a call just so you know what is offered out there and you know they won’t take you as a fool!
– Raise your deductible my friend. This tip will result in immediate savings because all you have to do is raise your deductible, and BAM you’re saving some cash. Basically, by raising your deductible you will find your monthly premium going very low.
For example, if you have a deductible of $500 (for your family of 3) and your monthly payments are $484, you are looking at an annual cost of $5,808 but if you change your deductible to $5,000 your premiums will be $247 a month and for a year it would be $2,964! What a big save! And if you’re concerned about a big emergency room or hospitalization bill get a cheap hospital indemnity plan as an add on.
Can I save on my life insurance policy?
The quick answer is yes! Yet another insurance premium that you can lower monthly to save you some big bucks in the long run. Here are three very useful tips to help you lower your life insurance premiums.
– Work with an independent life insurance agent. Shopping around for quotes is very important. Just like you have to do with buying health insurance you should do the same for your life insurance policy. Shopping around for quotes whether you have a policy already or not will ensure that you are getting the best possible quote.
Insurance is a very competitive industry and companies all around compete with each other for your money so make sure you are looking at all they have to offer before making your final decision. That’s why you’re going to read about shopping around in all categories of insurance!
However, if you don’t have the time or patience to deal with various quote engines don’t hesitate and call an independent life insurance agent. Working with an independent life insurance agent is key to getting the best deal possible when it comes to a life insurance policy because they have access to various companies and can match you with an ideal company.
– Convert or buy a term life policy. Term life insurance is the cheapest type of life insurance in the market and switching over to term life will save you a big penny. Term life insurance is a form of temporary life insurance that provides you with coverage for a short period of time, in which you choose the time length. The shorter the term, the lower your monthly premium will be because the life insurance company is taking a lower risk of you dying in that short time frame.
– Raise your coverage amount. If you are a proud member of wholesale retailer you already know how rewarding it is to buy in bulk rather than buying single items. Think of your life insurance coverage amount in the same matter because you can end up having lower premiums and save more money in your pocket by simply going the next band up. If you are curious about the results of changing your coverage amount go to a quote engine and mess around with the coverage amount so you can see for yourself the big change it will be. For example, instead of having coverage for $100,000 try $250,000 or $500,000 and see what comes up for your monthly payments because you would be surprised how much of a discount you can receive by raising your coverage amount.
If you are curious about the results of changing your coverage amount go to a quote engine and mess around with the coverage amount so you can see for yourself the big change it will be. For example, instead of having coverage for $100,000 try $250,000 or $500,000 and see what comes up for your monthly payments because you would be surprised how much of a discount you can receive by raising your coverage amount.
Auto and home savings you’re friend will be jealous of
Paying for your car and home insurance shouldn’t break your bank at all. As a matter of fact, it’s there to help you not hurt you so why does it feel like they are doing more financial pain than anything else? Not for long, here are four things you can do to make sure you are saving money with your car and home insurance!
– Bundle, bundle, and bundle some more. -Don’t you just love bundles? Having to pay your bills have been made easy with bundles. This can help you from having to pay ten different places because we are all human and maybe you forgot to pay one bill, what happens then? Point is, get comfortable with bundling your bills because not only will it help you keep your bills organized but it will also give you a great deal of savings. Bundling your car and home insurance from one company will give you a greater benefit than having a car insurance policy with a company and your home insurance with another. I mean if you really think about it, a company will give you savings on your bundle because they would rather you work with them on more than one service than work with their competitors. I know, BRILLIANT!
Bundling your car and home insurance from one company will give you a greater benefit than having a car insurance policy with a company and your home insurance with another. I mean if you really think about it, a company will give you savings on your bundle because they would rather you work with them on more than one service than work with their competitors. I know, BRILLIANT!
– Increase your deductible.– Once again, buying in bulk is the way to go for some savings. Considering to increase your deductible $500 or more will allow you to get quick savings on both your home and car insurance. Some companies will allow you to raise the deductible to as high as $1,000. I’m telling you, this is a great way for instant savings!
– Safe driver discounts are the holy grail of saving. For your auto insurance, you should ask your carrier about safe driver discounts. If your carrier doesn’t offer safe driver discounts, it’s time to look elsewhere because there are many options out there for companies who offer this discount! It’s time to get rewarded for all the times you took ages to get to your destination because you know better than to speed or all the times you got honked at for taking a long time getting out of your parking space knowing you are just making sure you don’t hit anything, not even a bug!
– How about home security discounts? -If you have invested into a smoke detector, burglar alarm, or dead-bolt locks then it’s time to ask your home insurance carrier if they have a discount for you! I mean, hello, you are doing your due diligence to make sure you are safer in your home and are saving them money because you being safer means they won’t have to cough up your claim money.
If you have been thinking about installing a sprinkler system in your kitchen or a fire and burglar alarm that connects to a central monitoring station, do it! This will give you a bigger discount, as much as 15% or 20%! It’s time to make this a win-win situation, you are spending your hard earned money to protect your home, the least the carrier can do is offer you a discount for your extra safety percussions!
Are you ready to take control of your budget and make these simple adjustments or do you want to keep fishing in your empty wallet when you decide to go out? I know I hate to fish around in my wallet knowing there isn’t a penny in there, at least it looks like I’m trying! It’s time to enjoy your life and not live for bills like your insurance premiums. Just follow these steps, sit back, and enjoy the results!
