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1/03/2008

3 Smart Ways To Save On Any Insurance Policy

1. You might not be enjoying some discounts you qualify for with your current insurer just because you are not aware of them. Your agent may, by commission or omission overlook some discounts that are available to you. You will discover only by telling your agent that you want to be sure you have been told about every discount there is. You might be surprised at discounts you have not benefited from.

2. Retain an excellent credit rating. Those who have poor credit pay high rates for all forms of insurance and that is also true for. It's normal for insurers to conclude that a person who misses credit card payments will also easily miss payments of insurance premiums. This means more danger to them and more expensive rates for you.

3. Staying loyal to one insurance company for any considerable length of time will actually lead to savings. Some insurers will give you discounts of about 5 percent once you stick to them for over three years while others will give you discounts for staying up to 5 years. The more the years you have been loyal to an insurer the more discounts you can get.

But in a number of cases it is wiser to leave for another insurance company.

Assuming your insurance premium is $2,500 and you are given a 5% discount when you stay for about five years you'll pay $2,500 - (5% of $2,500 or $125) = $2,375.

Between these three years you would most likely get an insurer who will give you a comparable insurance coverage or better for under $2,000. If this is correct about you then you know it's ideal for you to go for the better offer immediately and not wait for years to qualify for a discount that will not even save you as much.

You will almost always pay less if you make out time to shop right because there are hundreds of insurers out there. Considering that the process of getting and comparing insurance quotes requires just minutes, I will wonder why you won't do that instantly and get cheaper insurance rates immediately.


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