Insurance is one of those things that we all need to have for legal reasons and peace of mind. But it can be expensive to have insurance for everything that you need. There are ways to keep insurance costs down, and make it more affordable. Read on to see how we can help you to save some money.
Shop Around To Keep Insurance Costs Down
Firstly you need to shop around to get the best value at the cheapest insurance. Whether it is for your home, travel or car insurance you need to make sure you are completely covered. Ask for friends and family recommendations, they will be honest about who they use. They might even have a discount code for you to use. Luckily, many insurers offer discounts if you bundle multiple policies (e.g., car and home insurance) with the same provider.
You can use comparison websites, if you buy insurance through one of these websites you usually get a gift or discount voucher. Insurance rates and your needs can change over time. Reviewing your policies annually can help you find better deals. Lastly, read reviews about insurance companies. You don’t want to go for one with negative reviews.
Improve Lifestyles And Security
Installing security systems and alarms, smoke detectors, and anti-theft devices can reduce your insurance premiums. If you have a car, think about installing a GPS tracker. This will help you to locate your car in the event of it being stolen. You can even keep track of all of the journeys that are made in your car. You download an app onto your phone, so you can locate your car within minutes. This will help to keep your premium price down. The GPS tracker will need to be recharged, but the battery will last a couple of months at a time. You phone app will tell you when you need to recharge it.
Install alarms in your home and your car. This will also bring your insurance policies down. if someone tries to break into your property, you will be alerted by the screaming sound of the alarms. Sometimes alarms can be connected to a centre where you will be notified of your home alarm going off if you’re not home. For life insurance, maintaining a healthy lifestyle can lead to lower insurance premiums.
Be Careful With Making Claims
If you have an accident while you’re abroad and you need to make an insurance claim, think about whether it is worth claiming. If it is just a 20 euro doctor bill, just pay it in cash and don’t worry about claiming back. chances are your excess will cost more anyway. And if you have a small accident in your car and you can fix it without claiming, then do that to avoid next year’s insurance premium going up in price.
You can try to look for a company that offers a no-claim bonus to get cheaper insurance. What does this mean? If you go a year without making a claim, your insurance will be cheaper next year. This could end up saving you a lot of money.
Whatever insurance company you go with, remember to keep in touch with special offers and discounts they might have to offer you. And sometimes paying for your premium in full will be a little cheaper than paying monthly. So it is worth asking if your insurance company offers this to keep insurance costs down.
