Discover the Fortune Hiding in Your Insurance Premiums!

Ever thought about how to save money? Sure you have, what did you do? You downsized a few things, maybe cut back on the monthly budget, had a boot or garage sale to free up some money but there is a place which most people don't look. Insurance premiums!

There are normally 3 types of insurance:

Legally obligated - Such as Car Insurance

Contractually obligated - Such as Life Insurance if you have a Mortgage

Non Obligated / Perceived Need - Home Contents Insurance

Clearly you can't remove all of them as you can see you are legally required to have some insurance. But there are ways to make sure your insurance premiums are as efficient as possible. Here are our top 9 tips to finding that hidden fortune....

1 Try buying your insurances together. Some insurers will give you a discount if you buy both your car and home insurance together. If not told. Ask!

2 Buy or quote online. Buying Online will give you access to some discounts not available anywhere else as their administration costs are reduced. This could be up to 15%

3 Never just accept your renewal quotes from your existing provider. They are not as hungry to offer you the best deal each year as you are now a customer! Use the renewal quote as a benchmark to get further quotes. If need be once done, go back to your existing insurer with the other quotes and ask them to better them. You could be pleasantly surprised

4 Replace Poor Value or expensive cover. Did you take out Loan Protection Insurance with a Loan? It is normally 5 - 10 times more expensive than if you bought it separately.

5 Look at minimum levels of cover, where appropriate. If you have an old car for example, it may be worth looking at Third Party Insurance Only

6 Pay your insurance premiums annually. Monthly direct debit may be easier on your wallet, but you could be missing out on a 10% saving by paying up front. Just make sure you are paying for it and not putting it on your Credit card!

7 Don't buy extra cover you can live without. A courtesy car ion a car insurance plan is not free. You will pay normally £10 - £50

8 Put a higher excess on your insurance. If you don't claim the first £300 on your home insurance, you will reduce your premiums, but still be covered for major events such as flooding, fire of theft

9 Get rid of any duplicate cover by reading the small print on your policy documents. Travel insurance can cover valuables when abroad, but so can your home contents insurance so it is not worth the extra cost.

All in all, you can see there are several ways to reduce your premiums which don't involve moving companies. Read your insurance documents and take action when your renewals are due.

Spending a few hours online getting quotes and researching your requirements could save you hundreds of pounds for the same amount of cover you currently have. Don't be scared to question the quote or the cover being offered.

Jason Hulott is Business Development Director of Protection Insurance. Protection Insurance is an internet based insurance business dedicated to getting consumers the very best insurance rates and the best products. Our product portfolio includes many specialist products as well as life and critical illness insurance; UK Car Insurance, UK Home Insurance, and Self Build Insurance; Mortgage Payment Protection Insurance and Income Protection Insurance.

---

Discount Life Insurance Will Give You The Best Protection You Need

There is always a chance that there is a better... Read More

What Type of Doctor Should I See Under My HSA?

You can withdraw money from your Health Savings Account (HSA)... Read More

Tips For Lowering Your Auto Insurance Quote

Do you have many claims? If so, you should do... Read More

Life Insurance: Why Theres No Need to be a Desperate Housewife

Life insurance looks set to make a comeback in the... Read More

Life Settlements, More than a Cash Surrender Payout

With a life insurance settlement, seniors now have the ability... Read More

Compare Car Insurance Companies Before You Commit

If you want to save money on your car insurance,... Read More

Filing An Insurance Claim

Everything seemed pretty simple when you purchased that insurance policy.... Read More

Student Possessions Insurance - Insuring the Contents of Your Room

In the UK each September, 350,000 new students embark off... Read More

Who Sets Auto Insurance Rates?

Auto Insurance rates are a complicated business. Have you ever... Read More

Does an HSA Cover Alternative Medicine?

A Health Savings Account (HSA) does not really cover alternative... Read More

Health Savings Account (HSA): Useful for Women in Childbearing Years?

The Health Savings Account (HSA) is an amazing tool that... Read More

Flat Insurance in the UK

What are the factors involved in flat insurance? Do I... Read More

Do I Need Travel Insurance?

In the United States health insurance, unlike many other countries,... Read More

Choosing Buy-To-Let Property Insurance

Risk is an area often overlooked by landlords, but failing... Read More

Cheap Auto Insurance Quotes ? Tips For Getting The Lowest Rate

Finding auto insurance quotes online is easy, but finding the... Read More

How To Best Handle Health Insurance Plan Changes

Many economists have suggested and recent economic data indicates that... Read More

Term Life Insurance - A Safeguard for Small Business Owners

Term life insurance can offer protection for a small business... Read More

General Knowledge - Critical Illness Insurance

Critical illness can happen to anyone, and often does. If... Read More

Why Boat Insurance Doesnt Help A Lousy Sailor

For thousands of years men have sailed the seas. From... Read More

Shopping Options for Auto Insurance

Shopping for car insurance can be a big undertaking. It... Read More

Do Discount Fees for Medical Service Programs Really Work?

Having a health insurance policy provides a great sense of... Read More

Is Your Auto Insurance Company Rated?

Several national rating institutions rate insurance companies. Do coverages, rates,... Read More

Canadian Funeral Insurance: Our Final Gift to Those We Love

Most of us don't like thinking about our own funerals,... Read More

Used Car Insurance

Every state requires that drivers carry liability insurance. The liability... Read More

Filing Homeowners Insurance Claim Forms: What Steps to Take

Filing a homeowners insurance claim can be done with ease... Read More

Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners... Read More

Why Should I Go To A Life Insurance Broker?

A life insurance broker is a dedicated person that encourages... Read More

Car Insurance Gearing up to Drive Down Costs

For once finances seem to be going in favour of... Read More

Do Insurance Premiums Increase Every Year?

Many people ask, "If I am supposed to get a... Read More

Saving on Auto Insurance: The Road to Reduction

The road to saving on auto insurance is something that... Read More

Entrepreneurs, Fill in the Gaps of Your Homeowners Policy

Business Owners Policies for the Self-EmployedWho needs a business owner's... Read More

Senior Life Settlements- A New Financial Dawn Emerges

When delving deeper into the market-driven research on the myriads... Read More

Homeowners Insurance at a Glance

At first glance, homeowners insurance may seem perplexing and quite... Read More