25 Ways to Save Money on Your Insurance Plans

insurance

By Sara Lennon

If there was a big list entitled “The Procrastinator’s Massive List of Stuff That Never Gets Done”, you can put a fair bet that saving money on insurance would be near the top. However, that doesn’t make it a bad idea: sparing a couple of hours to seriously consider your options could save you hundreds of dollars. These tips can help you get started:

Ways to Save Money on Auto Insurance

According to the Insurance Research Council, nearly one in seven USA motorists drive without insurance: the cost of which was a staggering $10.8 million to those who were covered during 2007. If you’re tempted to go without, remember that the only state where insurance

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4 Responses to 25 Ways to Save Money on Your Insurance Plans

  1. randellspacheco says:

    Don’t assume your group’s auto insurance offering is the best deal. Comparison shop and talk to your financial adviser.

  2. Tom says:

    Thanks for the nice overview on how to save on Auto, Home and Life insurance. One area that seems to be getting a lot of attention with auto insurance is usage based car insurance. With the advancement of technology, more and more car insurance companies are looking to track your driver patterns, most notably miles driven. Another good way to save on car insurance is to look for discounts on low mileage. This could come from working with a usage based company like Progressive or asking your car insurance what type of discounts they provide for low mileage.

  3. Greenday says:

    Your advice for getting a decreasing term for life insurance makes absolutely no sense at all!!! That is the worst advice ever! decreasing term life insurance is for when you don’t need the life insurance any longer — not when you are going to have more expenses (which the life insurance would have to cover if you died). Do you even know what life insurance is for?

  4. Gail says:

    Years ago before they renewed my car policy they would send a questionaire and one of the questions was mileage and where the car was parked. I realized I hadn’t gotten one for years so I called them up. With hubby working from home and me on disability, most of our driving is to the doctor or grocery store. In other words 3500-4000 miles a year! By the time I got off the phone I had knocked our yearly bill down about $200. When hubby took the car in to get inspected we got to skip one of the required tests because we hadn’t driven enough miles so more money saved!

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