If you’re not careful, your policy will add up to more than you expect at the end of the year and eat into your budget. Keep that from happening by using these 7 and a half very simple things you can do to save money on INSURANCE this year! Most of them are as easy as remembering to turn off the lights when you leave the room, so don’t overthink it! Get started now and have more money left over at the end of the year to spend on all your other priorities! [insert pictures here]
1) Get Extra Discounts
1. Check for discounts. There are often discounts available for certain groups of people, like seniors, students, or military members.
2. Compare rates. Once you know what discounts are available to you, compare rates from different companies to see who offers the best price.
3. Raise your deductible. By raising your deductible, you can lower your monthly premium payments. Just make sure you have enough money saved up in case you need to use your insurance.
4. Bundle your policies.
2) Switch to Term Life Insurance
Term life insurance is one of the most important investments you can make, and it doesn't have to be expensive. Here are seven simple tips to help you save on your term life insurance
3) Avoid Unnecessary Expenses
1. Review your insurance coverage at least once a year to make sure you are not overpaying for unnecessary coverage.
2. Educate yourself on what different types of insurance coverages are available so that you can make informed decisions when purchasing a policy.
3. Choose a higher deductible to lower your premium costs, but make sure you have the financial ability to pay the deductible if you need to use your insurance.
4) Get Rid of House Items you Don’t Need
Take a look around your home and get rid of anything you don’t need. This will not only declutter your space, but it could also save you money on your insurance premiums. The less stuff you have, the less there is to insure.
5) Switch From PPO to HMO or AETNA
Making the switch from PPO to HMO or AETNA could save you a lot of money on your insurance premiums. Here are a few tips to help you make the switch
6) Cancel Those Subscriptions
1. Evaluate your subscriptions annually. Do you really need that magazine subscription or could you get your news from the internet?
2. Shop around for better rates on your insurance policies. Insurance companies are always vying for your business and rates can vary significantly between providers.
3. Review your policy limits and deductibles. If you have a high deductible, you may be able to save money by increasing it.
4. Ask about discounts.
7) Start Being Healthier Today
Your health is one of the most important things to insure, and there are some very simple things you can do to improve it. Just by making some small changes in your lifestyle, you can make a big difference in your health and insurance rates.
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