| There are so many different kinds of insurance one | | | | remained risk-free you'll be rewarded with lower |
| must have to live well and prosper that you may feel | | | | premiums and special discounts or benefits. |
| suffocated by all those premiums waiting to be paid. | | | | 5) Remove Risk. A lot of companies reward |
| Fortunately, there are ways to save and keep some | | | | customers that realize and relieve some of the risk |
| of that money in your pocket. With the six golden | | | | involved in needing to file a claim toward your |
| rules below you'll be able to save on your premiums. | | | | insurance. For example, you can receive discounts on |
| 1) Shop Around. While cheaper isn't always better, | | | | home insurance by installing fire resistant components |
| you can save money on insurance premiums by | | | | within the home. Building with brick or masonry are |
| comparing rates at different companies. You can call | | | | very attractive points for deduction. You can also |
| around and get price quotes or you can use the | | | | receive discounts for installing theft deterrent |
| internet to research and compare different | | | | systems, fire alarms, fire extinguishers, burglar alarms, |
| companies. In fact, some companies reward internet | | | | and smoke detectors. If you're looking to buy, newer |
| shopping with a discount when you apply for | | | | or completely renovated older homes can net up to |
| insurance online. | | | | a 25% discount on home insurance, depending on the |
| If you don't want to do the groundwork yourself, | | | | age of the home. |
| you can hire an insurance broker. An insurance | | | | The same risk assessment savings can be applied |
| broker, unlike an agent who sells policies from a single | | | | toward small business or car insurance. For small |
| insurance company, has a choice of many companies. | | | | businesses, look into training for employees, installing |
| A good broker should be able to help you understand | | | | theft deterrent systems, sprinklers and other options |
| the differences between policies and help you make | | | | that will result in less risk and lower premiums. Cars |
| an educated choice. | | | | with theft deterrent options are much more |
| 2) Raise Deductibles. If you raise the deductible on | | | | appealing to insure. |
| your policy you'll realize a savings on your premium | | | | 6) Review Your Policies Yearly. Reviewing your |
| costs. The deductible is the amount of money you | | | | policies yearly can reap hidden premium savings. For |
| will pay out before your insurance plan kicks in. | | | | example, if you've sold items your home insurance |
| Granted, a higher deductible means you need to pay | | | | once covered, you may need less coverage, resulting |
| more in the event of a claim, but you can set aside a | | | | in lower premiums. Perhaps you've changed business |
| 'rainy day' account with a portion of the money you'll | | | | strategies, or reduced employees in your business. Or |
| save on premium costs, using that to help pay the | | | | perhaps you've renovated your home or added theft |
| deductible when needed. | | | | deterrent systems to your business. |
| 3) Bundle Premiums. A lot of insurance companies will | | | | Many policies offer discount for retired citizens, so |
| help you save money if you carry all or as many | | | | reviewing your policy when your life stage changes is |
| policies as possible with them. For example, you can | | | | important. With life insurance, if you've paid off a |
| save money by getting home insurance and auto | | | | mortgage or have decreased your debt, you may |
| insurance from the same company. Or, some small | | | | need less coverage. Life insurance premiums increase |
| business insurance plans offer a bundled policy that | | | | with age, so having less debt and monetary needs to |
| covers liability, auto, and property insurances in a plan | | | | cover will result in a huge savings. If you don't review |
| that's perfect for your business needs. | | | | your policy regularly and make adjustments, you'll |
| 4) Stay With the Same Insurer. Insurance companies | | | | never reap the benefits. |
| reward loyalty. If you are a valued customer that's | | | | |