Saving Tips - Insurance

[resaikking]

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Shop around for auto and homeowners' insurance: Before renewing your existing policies each year, check out the rates of competing companies (see the website of your state insurance department). Their annual premiums may well be several hundred dollars lower.
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Raise the deductibles on auto and homeowners' insurance: Being willing to pay $500-1,000 on a claim, rather than only $100-250, can reduce annual premiums by as much as several hundred dollars.
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Assess your need for life insurance coverage. If your children are now on their own, or if your spouse works, you may not need as much life insurance protection. The annual premiums on a term life policy would typically fully fund an emergency savings account
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Consider dropping credit insurance coverage on installment loans. Many consumers don't need credit insurance because they have sufficient assets to protect themselves in the event of death, disability, or unemployment. Terminating this coverage often reduces financing costs by three percentage points, a savings of about $1,000 on a four-year $20,000 installment loan.

[titaniumhijau]

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Assess your need for life insurance coverage. If your children are now on their own, or if your spouse works, you may not need as much life insurance protection. The annual premiums on a term life policy would typically fully fund an emergency savings account

So far, i just buy insurance for myself and home insurance. I think its important to have that insurance. Its for my future.

[Asad]

Well, I use insurances and all these stuff so that I can save my tax

[lalit7552]

Well for this I just select few big players of Insurance sector ... compare their insurance premium and their facility with each other and than I talk with my current insurance provider and put my bargain ... as I am aware buyer so he put cheapest deal in front of him and I accept even if I lost to few dollars ... as I dont want to change my insurance ... I always believe in long term relationship ... that really pay ...

[nitinalbert]

good tips. Basically if you dont claim any insurance the companys do provide some rebate on the premium. Also do not claim your car insurance for small wear and tear. Wait until a major problem arises then make a claim. This way you can get benefit from insurace.