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Reducing Your Insurance Rates Dramatically -- 4 Time-Tested Tips For Any Policy

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There are many different ways you can save in different insurance policies.

However, some things that will help you save in one policy will have no bearing whatsoever on another policy.

Here are things that will help you save across all insurance policies...

1. If you want a discount, get your health insurance policy from the same insurer you bought your other policies from.

Every insurer will typically offer a discount if you buy more than one policy from them.

Nevertheless, all the money you may get as discount may still be much lower if weighed with savings you'll make by getting your policies from several insurance companies.

2. Take it upon yourself to ask your agent or broker about all the discounts available to you with your present insurance carrier.

There's a possibility that your broker has left one or two out.

The only way to be sure it's false in your case is by taking the time to ask your broker to list out all discounts that your insurer offers.

Do not be surprised if you discover discounts that you've never heard of.

3. You'll attract cheaper rates if you opt to pay your premiums yearly and not monthly.

Yes, monthly payments might be stressless but it is also less affordable.

There are transaction fees that are incurred when processing a check. .

While a yearly payment attracts a single check and therefore a transaction every year, monthly payments attract twelve.

You'll then have to pay the total of twelve transaction charges.

Apart from this there are also administrative costs that are incurred due to the monthly payment option.

A clear example of such is the cost associated with sending out payment notices.

All such cost to your insurer is eventually borne by you (that's in addition to their own profit margin for providing such a "convenient" option).

4. You will reduce your health insurance rates by a huge margin if you take out time to do extensive and thorough shopping..

You will start your shopping right if you make inquires from friends about their experiences with different health insurance carriers.

Doing this helps you avoid being led to just the provider with the biggest hype but to the carrier that gives the best price/value.

An acquaintance is more likely to tell you if they had an unpleasant experience with a provider.

If you ask your friends and acquaintances - you'll hardly buy from a bad insurer.

5. You might save some hundreds of dollars by simply obtaining and comparing quotes from about five insurance quotes sites. And, it will require just a total of 25 minutes.

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