3 Tips on How to Get Insurance Faster & Cheaper
Getting insurance in the modern world is a necessity for home, business and property owners. However, as much as you know you need it, you may still feel as if you're paying out more than you can afford. Read on for three tips on how you can quickly narrow down your search for an insurer and get lower rates on policies.
Negotiate your premiums
The first thing you need to know about your insurance covers is that the premiums are never marked in ink; they can be changed, albeit just a bit. When your insurer says they can offer you a cover for your car or business at a certain percentage, the discussion shouldn't necessarily stop at that, where matters finance are concerned.
Negotiate and try to get a lower rate. Some of the bargaining chips you can use are your past insurance records. Show that you have a claim-free record on your business or that your car has not been in an accident in recent years. Although the haggling may not get you the low rates you may desire, you could get a lower premium than previously quoted.
Bundle your covers to one insurer for better economies of scale
If you're like most people, you have several items that you need insured every year. This could be your house, car, business, family and so on. If you were to purchase your insurance products in wholesale, economies of scale dictate that you have a better chance of getting lower prices. Using that principle, therefore, consolidate your insurance needs and seek to work with just one insurer. Use your bundled insurance covers as leverage to get a better rate on coverage.
Use an insurance broker
Another proven way to get better insurance rates, and faster, is to use insurance brokers. Insurance brokers know the industry in and out. Brokers like Ian Hewitt & Associates know which products are being offered at a discount, which ones offer best value for money and which new products you ought to try out.
There are also two types of insurance brokers; those that work for a specific insurer and those that work for no particular insurer. Go for the latter. The former will simply try to sell you products from their company. The latter will get you the best products from all the insurers. They will do the ground work for you, saving you money and time as well.
And just like that, your burden of insurance payments may just get a little lighter. If you can manage to do all the tips above, you definitely will be paying less to your insurer from here on.
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