Do you ever jump for joy when you get your insurance bill? Neither do I. In fact, if you did, you’d be a prime candidate for the mental hospital. Insurance is one of those things that you’ve got to pay for, but you hope you never use. And when it comes to saving money on your bill, you can’t really just pick the cheapest without thinking. It’s not exactly a pair of shoes or a cheap pair of sunglasses that you pick up after a night of heavy drinking.
It requires a delicate balance between the price and performance of your policy. It’s got to be there when you need it. You need to save as much cash as possible without leaving yourself open to financial risk that can quickly and easily ruin your life for years to come. Naturally, you need to know what you are doing. In this article, we’ll explore some of the most common ways to reduce the cost of your monthly premiums.
The first step is knowledge. This is the key to wisdom. It’s also the key to not being taken for a ride by an unscrupulous insurance agent. After all, if you were an agent and you made your income from commissions, what would you do when most customers just buy what you tell them to buy? You’d sell them a lot more than they need, that’s what. So if you want to save money, the first step is to understand what you’re buying. In no other industry is making money so easy, because in this industry, most consumers are clueless.
Look for as many discounts as you can get. If you are a good student, you might get a discount. If you are a good driver, you might get a discount. This is because, statistically speaking, people that are good students, and people that are good drivers are much less likely to crash their cars into the post office or the public library.
By far, the single most important factor when it comes to lowering your monthly bill is how safe of a driver you are. The more tickets you’ve got, the more accidents you have in your history, the more you’ll end up paying. Easy and obvious solution? Don’t speed, and don’t crash. While this may seem simple enough, some people just like to drive fast. So long as you are OK with all the extra money you’ll be paying, and your increased chances of ending your life sooner than later, speed on.
Of course, like any other thing that’s bought and sold, you can negotiate. Nothing is stopping you from looking your agent in the eye and saying, “That’s a bit high. Can you do any better?” What are they going to do, call the cops? Laugh you out of the office? They’ll be sweating in their shoes thinking they might lose a big commission, that’s what. And they’ll likely give you a cheaper rate. You never know if you don’t ask. It’s easier than you think to save money.
Author: Raymond Walter RodriguezThis author has published 2 articles so far.